Mr Castellanos Borrego was appointed to the Board in 1996. He was previously a director of Altos
Hornos de Vizcaya, S.A., Sefanitro, S.A., Banco del Comercio, S.A. and of Esperanza y Compañía, S.A.
He is a director of Servicios Logísticos Portuarios SLP, S.A., Willis Iberia Correduría de Seguros y
Reaseguros, S.A., Consulnor S.A., Grupo Tamoin, S.A., Talde, S.A., Simba, S.P.E., Lavanindu, S.L.,
Desarrollo Mobiliario S.A. and of Sociedad Anónima de Valores Mobiliarios, S.A. and is the
vice-chairman of Confebask and of CEBEK. He holds a degree in Economics from Universidad de
Ciencias Econóomicas y Empresariales de Bilbao and an MBA from INCIDE.
