AUTHORISATION OF THE TAKEOVER BID OF TECNOCOM, TELECOMUNICACIONES INDRA SISTEMAS, S.A.

Monday, 13TH March 2017

Y ENERGÍA, S.A., LAUNCHED BY

The Board of the Spanish Securities Market Commission, at March 2017, has adopted the following agreement:

its meeting on 13TH

"Authorise the voluntary takeover bid addressed to the 100% of the issued share

capital of Tecnocom, Telecomunicaciones y Energía, S.A., listed on th

Madrid,

Barcelona, Valencia and Bilbao Stock Exchanges and traded on their Automated Quotation System, submitted by Indra Sistemas, S.A. on 23TH December 2016 and admitted according to procedure on 29TH December 2016, because it considers the terms of the offer comply with the applicable regulation and the content of the

prospectus is adequate after the latest 2017.

information incorporated the 7TH March

The consideration is a mixture of share and cash, it has been set by the offeror in accordance with the provisions of the equitable price under article 9 of the Royal Decree 1066/2007, of 27 July, on takeover bids, and it consists of an exchange of

12,956,859 offeror company's newly issued shares and a

payment in

cash of

191,314,364.55 euros for 75,025,241 shares of Te

nocom, Telecomunicaciones y

Energía, S.A. subject to the

takeover bid, equivalent to 1,727 offeror company's

newly issued shares and 25,500 euros

for every

10,000 shares of Tecnocom,

Telecomunicaciones y Energía, S.A., prospectus."

under the

terms which result

from the

The CNMV shall inform of the period for acceptance of the publishes the announcements mentioned in article 22 of 1066/2007.

bid once the offeror the Royal Decree

The previous paragraphs are a translation of the original agreement in Spanish for information purposes only.

Indra Sistemas SA published this content on 13 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 March 2017 12:04:17 UTC.

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