Investeringswaarschuwing – Beleggerswaarschuwing!

Alvaro Gombau Asesores Empresariales S.L.

Alvaro Gombau Asesores Empresariales S.L. - Waarschuwing CNMV Spain - 2012-Jan-23



CNMV WARNS THE PUBLIC ON UNREGISTERED FIRM

Pursuant to the second paragraph of Article 13 of the Law 24/1988, July 28th the Securities
Markets Act, the Comisión Nacional del Mercado de Valores, warns that:

ALVARO GOMBAU ASESORES EMPRESARIALES, S.L.
Avda. Reina Victoria 4 1º A
28003 Madrid

Is not authorised to provide the investment services detailed in paragraph 1 and in letters
a), b), d), f) and g) of paragraph 2 of Article 63 of the Spanish Securities Market Act, which
includes investment advice, in relation to the financial instruments detailed in article 2 of the
said Act, including, to such effects, transactions on foreign currency.

For any query, please contact the Comisión Nacional del Mercado de Valores
enquiry line at 902 149 200 or visit the CNMV’s web site (www.cnmv.es)