Beginning of the New Capital Increase Campaign

Real Oviedo will today begin a campaign of capital increase of €2,531,872.25, as approved in the Ordinary and Extraordinary General Meeting of Shareholders held on the 14th December. The shares have been created with a premium, having estimated that it is appropriate because of the reasonable price of shares, bearing in mind the predicted future financial results. The objective is to consolidate the current financial situation.

For this reason, the capital increase which begins today, with a priority period of two months, will put a total of 235,523 new nominative shares into circulation. Each has the nominal value of €10,75 and the issue price of €30 (including an issue premium of €19.25 for each share).

The term for exercising the priority period of purchase is two months from the publication of the announcement of the offer to subscribe for new shares in the BORME (Official Gazette of the Mercantile Registry). To exercise the preferential subscription right, the total amount of the shares to be purchased must be paid into the account held by the Company in "La Caixa" Bank (Account Number: ES94-2100-5700-0502-0008-2078), indicating the data of the shareholder who is subscribing, as well as the number of shares he/she wishes to purchase.

These new shares are of the same class, series, and possess the same rights as those previously in circulation. Current shareholders will be able to purchase one new share per 6.4744547 shares they hold at the present time. In the event that not all shareholders exercise their preferential subscription rights within the aforementioned period, the Board of Directors may accept offers to subscribe for the remaining shares by thirdm parties, irrespective of whether they are current shareholders or not. In this case, the Board of Directors will have a maximum term of six months from the end of the period of preferential subscription to freely allocate the remaining shares.