Ezentis continues starting measured to offer confidence to the investors and shareholders of the Company, pleading for the transparency rested on a strict politics of Good Corporate Government and a strategy that guarantees the growth of the Company.

The business benefits Ezentis again in 2012, driven by its international business.

Presentation of Results

Ezentis makes a capital increase to grow in Latin America

Dear Sir,

As you may know, Grupo Ezentis is involved in an increase in share capital which culminates a successful restructuring that also began one year ago.  It is an attractive proposition since the Company has demonstrated that it can combine restructuring with growth even during an especially complicated environment.  In point of fact, we have been leaders of our industrial sector in Spain, and in the third quarter of the current year Ezentis has been the only company to have grown in Sales, EBITDA and Net Income in relation to the same period of 2011.

You may find all necessary information about the Company and the increase in share capital in the prospectus which can be accessed via the web page of our national securities supervisor, the CNMV (www.cnmv.es), or through our Company's (www.ezentis.com).

Today, Ezentis is squarely focused on Latin America, where the demand for our products and services is quite strong with a solid balance sheet and with every business area generating profits.  All of this places us in an excellent position to grow.  Our growth objectives have been outlined in our Strategic Plan which was presented on November 27th, 2012 and which I am including here for your convenience.

This Plan is based on both organic and inorganic growth and rests on a new form of managing the business that focuses on improved efficiency in all our areas of activity and optimization of working capital while  strengthening  our balance sheet.  As a result, and under a conservative scenario, in 2015 we should be able to achieve Sales of EUR 400 to 420 million and an EBITDA of approximately EUR 36 to 40 million of which 90% is expected to be generated outside Spain.

In order to make all of this happen, we shall invest EUR 20 to 24 million to take control of different companies in Latin America, especially in Brazil, Colombia and Mexico.  Part of the funds for these acquisitions will come from the increase in share capital, which the management team, including myself, will participate in as one more gesture of our firm commitment with the future of the Company.

Finally, I would like to underscore that Ezentis is a company that has been able to transform itself and is today an excellent investment opportunity. I am fully available to answer any question that you may have about this opportunity.

Sincerely yours,

Manuel García-Duran

Manuel García-Duran de Bayo

Chairman and CEO

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