INFORMATION ABOUT ENTE RTVE

The Fifth Provisional Provision of Act 17/2006, dated on June 5th, stipulates that the Ente and its affiliated companies shall go into dissolution-liquidation the next day to the execution of the Deed for the transfer of assets and liabilities of the Corporación RTVE and its companies, which took place on December 29th, 2006.

The Ente itself approved in the Extraordinary General Meeting which met on January 3rd, 2007, the dissolution of TVE, S.A. and RNE, S.A.. On that date the Board for the Liquidation of the State-Owned Ente was created, made up by 5 Members appointed by SEPI, which took over the management and representation of the Ente in liquidation.

This Board is carrying out the mercantile dissolution and liquidation of the affiliated companies of the Ente, with the appointment of one Liquidator for each of them. During this process and until its total liquidation, the Ente and its affiliated companies will keep their legal nature.

Agreement among SEPI, RTVE and the trade unions

The Chairman and the Deputy Chairman of the state-owned industrial holding company Sociedad Estatal de Participaciones Industriales (SEPI), Mr. Enrique Martínez Robles and Mr. Federico Montero, respectively; the then Managing Director and the General Secretary of RTVE, Ms. Carmen Caffarel and Mr. Jaime Gaiteiro, subscribed on July 12th, 2006, with the highest ranking officers in charge of the trade unions represented in the state-owned radio and television (UGT, Comisiones Obreras, APLI and USO) an Agreement on the principles and matters for the negotiation process opened about the Plan for the Rationalization and Future of RTVE, which makes possible to start the operating of Corporación RTVE, within the framework of the recently passed Act 17/2006 on the State-owned radio and television.