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Investor Presentaiton

The region of Madrid is the region with the highest tax competitiveness index (RTCI) ㅁ The Regional Tax Competitiveness Index. (RTCI) makes it possible to evaluate, measure and compare the tax system of the different Autonomous Communities, with the aim of analysing the structure of the tax system in each one of them. Regional Tax Competitiveness Index (RTCI 2021) Pais Vasco Álava 7,08 Guipúzcoa Vizcaya La Rioja 6,92 7,13 6,06 Asturias 5,17 16° Cantabria 5,93 11 3* 2º 8° Galicia 5,90 Navarra 5,71 14" 126 Castilla y Leon 6,33 Aragón 5,14 17" Cataluña 4,63 19° ☐ The RTCI is a hierarchical index made up of five taxes (Income, Wealth, Inheritance, Inheritance, Transfer Tax and Stamp Duty, and the autonomous community taxes) that assesses specific indicators of each of these taxes. the In 2021 the most fiscally competitive Autonomous Community was Madrid with a value of 7.19, followed by the Basque Country and the Canary Islands. Catalonia in in last place with 4.63. Low Madrid 7,19 1° C.Valenciana 5,08 Extremadura 5,44 15" Castilla-La Mancha 5,99 10 18 Baleares 5,81 13" Score Andalucia 6,12 7* Murcia 6,02 9° Canarias 6,35 High Source: Foundation for the Advancement of Liberty. 22 22
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