Dear Sirs,

Cabelte Group hereby informs that, for strictly business reasons, decided to close the production
in Pamplona - Spain.

The company CABELTE INCASA Industria Navarra de Cables maintains its commercial activity,
under the same terms and with the same employees, as well as the reinforced commitment to the
Market’s service.

This is one more step to make CABELTE stronger and more efficient.

The Board of Directors