Ercros reports on the beginning of the capital reduction process

Pursuant to article 228 of Royal Decree 4/2015 of October 23, approving the consolidated text of the Securities Market Law, Ercros, S.A. (hereinafter "Ercros" or "the Company"), and in relation to the relevant event no. 244,657 of November 11, 2016 and No. 250,058 of March 28, 2017, hereby announces the following:


At its meeting held on July 17, 2017, the board of directors of Ercros has agreed to execute the reduction of the share capital by means of the amortization of own shares, approved in the second item of the ordinary general shareholders’ meeting held on June 23, 2017.

Ercros guarantees that the relevant facts contained on this page correspond exactly to those sent by the Company to the CNMV, and disseminated by it to the market. The facts prior to those included in this section are available on the CNMV website.