Board of Directors Report on the proposal for the delegation on the Board itself of the power to execute share capital increases, during a five years term, up to a maximum amount equal to the 50% of the Company’s share capital at the moment of the approval, all at once or severally, through the issue of new shares with or without voting rights, and up to a maximum amount equal to the 20% of the Company’s share capital at the moment of the approval when shareholders’ pre-emptive rights are excluded. (Text in Spanish)