<SEC-DOCUMENT>0001104659-25-070818.txt : 20250725
<SEC-HEADER>0001104659-25-070818.hdr.sgml : 20250725
<ACCEPTANCE-DATETIME>20250725160127
ACCESSION NUMBER:		0001104659-25-070818
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250725
DATE AS OF CHANGE:		20250725

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Wallbox N.V.
		CENTRAL INDEX KEY:			0001866501
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93372
		FILM NUMBER:		251151645

	BUSINESS ADDRESS:	
		STREET 1:		CARRER DEL FOC, 68
		CITY:			BARCELONA
		STATE:			U3
		ZIP:			08038
		BUSINESS PHONE:		34 93.220.43.08

	MAIL ADDRESS:	
		STREET 1:		CARRER DEL FOC, 68
		CITY:			BARCELONA
		STATE:			U3
		ZIP:			08038

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Wallbox B.V.
		DATE OF NAME CHANGE:	20210609

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Iberdrola, S.A.
		CENTRAL INDEX KEY:			0001360587
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 8880 [8880]
		ORGANIZATION NAME:           	International Corp Fin
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		34944151411

	MAIL ADDRESS:	
		STREET 1:		CARDENAL GARDOQUI, 8
		CITY:			BILBAO
		STATE:			U3
		ZIP:			48008
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001062993-22-003709</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Iberdrola, S.A. -->
          <cik>0001360587</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>4</amendmentNo>
      <securitiesClassTitle>Class A ordinary shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001866501</issuerCik>
        <issuerName>Wallbox N.V.</issuerName>
        <issuerCusip>N94209108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Carrer Del Foc</com:street1>
          <com:street2>68</com:street2>
          <com:city>Barcelona</com:city>
          <com:stateOrCountry>U3</com:stateOrCountry>
          <com:zipCode>08038</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Iberdrola, S.A.</reportingPersonName>
      <citizenshipOrOrganization>U3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1367879.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1367879.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1367879.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>8.4</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>Rows 6, 8 and 9 - Consists of 1,367,879 Class A ordinary shares held by the Reporting Person following the reserve stock split (the "Reverse Stock Split") and amendment (the "Amendment") to the Articles of Association of the Issuer approved by the shareholders of the Issuer on June 30, 2025 and executed by notarial deed on July 2, 2025, which effected the consolidation of 27,357,580 Class A ordinary shares held by the Reporting Person by multiplying such number of Class A ordinary shares by one/twentieth (1/20). The Reverse Stock Split and the Amendment were disclosed in the Issuer's 6-K filed on July 2, 2025.

Row 11 - Represents the percentage of ownership of Class A ordinary shares of the Issuer as of the date hereof, based upon: 16,327,994.8 Class A ordinary shares outstanding as of the date hereof, resulting from multiplying 326,559,896 Class A ordinary shares outstanding (326,934,896 Class A ordinary shares issued, minus 375,000 shares held in treasury as informed to us by the Issuer) prior to the Reverse Stock Split and the Amendment by one/twentieth (1/20).</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Iberdrola Participaciones, S.A.U.</reportingPersonName>
      <citizenshipOrOrganization>U3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1367879.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1367879.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1367879.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>8.4</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>Rows 6, 8 and 9 - Consists of 1,367,879 Class A ordinary shares held by the Reporting Person following the reserve stock split (the "Reverse Stock Split") and amendment (the "Amendment") to the Articles of Association of the Issuer approved by the shareholders of the Issuer on June 30, 2025 and executed by notarial deed on July 2, 2025, which effected the consolidation of 27,357,580 Class A ordinary shares held by the Reporting Person by multiplying such number of Class A ordinary shares by one/twentieth (1/20). The Reverse Stock Split and the Amendment were disclosed in the Issuer's 6-K filed on July 2, 2025.

Row 11 - Represents the percentage of ownership of Class A ordinary shares of the Issuer as of the date hereof, based upon: 16,327,994.8 Class A ordinary shares outstanding as of the date hereof, resulting from multiplying 326,559,896 Class A ordinary shares outstanding (326,934,896 Class A ordinary shares issued, minus 375,000 shares held in treasury as informed to us by the Issuer) prior to the Reverse Stock Split and the Amendment by one/twentieth (1/20).</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Inversiones Financieras Perseo, S.L.U.</reportingPersonName>
      <citizenshipOrOrganization>U3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1367879.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1367879.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1367879.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>8.4</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>Rows 6, 8 and 9 - Consists of 1,367,879 Class A ordinary shares held by the Reporting Person following the reserve stock split (the "Reverse Stock Split") and amendment (the "Amendment") to the Articles of Association of the Issuer approved by the shareholders of the Issuer on June 30, 2025 and executed by notarial deed on July 2, 2025, which effected the consolidation of 27,357,580 Class A ordinary shares held by the Reporting Person by multiplying such number of Class A ordinary shares by one/twentieth (1/20). The Reverse Stock Split and the Amendment were disclosed in the Issuer's 6-K filed on July 2, 2025.

Row 11 - Represents the percentage of ownership of Class A ordinary shares of the Issuer as of the date hereof, based upon: 16,327,994.8 Class A ordinary shares outstanding as of the date hereof, resulting from multiplying 326,559,896 Class A ordinary shares outstanding (326,934,896 Class A ordinary shares issued, minus 375,000 shares held in treasury as informed to us by the Issuer) prior to the Reverse Stock Split and the Amendment by one/twentieth (1/20).</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Wallbox N.V.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Carrer Del Foc, 68, Barcelona, Spain, 08038</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Schedule 13G/A is being filed by Iberdrola, S.A., Iberdrola Participaciones, S.A.U. and Inversiones Financieras Perseo, S.L.U. (each a "Reporting Person", and together, the "Reporting Persons").

See Exhibit A for the Reporting Persons' agreement for a joint filing of a single statement on their behalf.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address of the principal business office of Iberdrola, S.A. is:

Plaza Euskadi, 5, Bilbao (Bizkaia), Spain 48009

The address of the principal business office of Iberdrola Participaciones S.A.U. is:

Plaza Euskadi, 5, Bilbao (Bizkaia), Spain 48009

The address of the principal business office of Inversiones Financieras Perseo, S.L.U. is

Plaza Euskadi, 5, Bilbao (Bizkaia), Spain 48009</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Please see response to Item 4 on each cover sheet for each Reporting Person.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See the response to Item 9 for each Reporting Person on the relevant attached cover page.</amountBeneficiallyOwned>
        <classPercent>See the response to Item 11 for each Reporting Person on the relevant attached cover page.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See the response to Item 5 for each Reporting Person on the relevant attached cover page.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See the response to Item 6 for each Reporting Person on the relevant attached cover page.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See the response to Item 7 for each Reporting Person on the relevant attached cover page.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See the response to Item 8 for each Reporting Person on the relevant attached cover page.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <exhibitInfo>EXHIBIT A       JOINT FILING AGREEMENT</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Iberdrola, S.A.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Juan Jose Zuniga Benavides</signature>
        <title>Juan Jose Zuniga Benavides/ Head of Equity Markets</title>
        <date>07/23/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Iberdrola Participaciones, S.A.U.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Felix Sobrino Martinez</signature>
        <title>Felix Sobrino Martinez/Joint Director</title>
        <date>07/23/2025</date>
      </signatureDetails>
      <signatureDetails>
        <signature>/s/ Javier Salazar Blanco</signature>
        <title>Javier Salazar Blanco/ Joint Director</title>
        <date>07/23/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Inversiones Financieras Perseo, S.L.U.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Agustin Delgado Martin</signature>
        <title>Agustin Delgado Martin/Joint Director</title>
        <date>07/23/2025</date>
      </signatureDetails>
      <signatureDetails>
        <signature>/s/ Javier Salazar Blanco</signature>
        <title>Javier Salazar Blanco/Joint Director</title>
        <date>07/23/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>tm2521760d1_ex-a.htm
<DESCRIPTION>EXHIBIT A
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>JOINT FILING AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned hereby agree
that the statement on the Schedule 13G/A dated July 23, 2025 (the &ldquo;Schedule 13G/A&rdquo;), with respect to the Class&nbsp;A Common
Shares of Wallbox N.V. is filed on behalf of each of us pursuant to and in accordance with the provisions of Rule&nbsp;13d-1(k)&nbsp;under
the Securities Exchange Act of 1934, as amended, and that this joint filing agreement (this &ldquo;Agreement&rdquo;) shall be included
as an Exhibit&nbsp;to the Schedule 13G/A. Each of the undersigned agrees to be responsible for the timely filing of the Schedule 13G/A,
and for the completeness and accuracy of the information concerning itself contained therein. This Agreement may be executed in any number
of counterparts, all of which taken together shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
have executed this Agreement as of July 23, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: July 23, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Iberdrola, S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 41%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Juan Jose Zuniga Benavides</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Juan Jose Zuniga Benavides</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Head of Equity Markets</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: July 23, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Iberdrola Participaciones, S.A.U.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 41%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Felix Sobrino Martinez</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Felix Sobrino Mart&iacute;nez</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Joint Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Javier Salazar Blanco</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Javier Salazar Blanco</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Joint Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: July 23, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Inversiones Financieras Perseo, S.L.U.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 41%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Agust&iacute;n Delgado Mart&iacute;n</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Agust&iacute;n Delgado Mart&iacute;n</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Joint Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Javier Salazar Blanco</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Javier Salazar Blanco</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Joint Director</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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