• Results confirmed not only Company objectives but analyst expectations. These objectives were reviewed by the Company upward after Vilatel and Viasolo acquisitions made during second quarter of the year.

• Net sales increased by 51% up to €127.305 million mainly due to internal growth.

• Net profit reached €14.17 million, representing an increase of 138.1% compared to first half 2006.

•Margins improved despite the strong growth: EBITDA margin over sales increased from 36.7% to 42.1%

GAM, the Spanish equipment rental leading Company in Spain and Portugal, keeps its trend of constant growth since it was born in 2003 as confirmed by 2007 first half results.

Net sales during this first half of the year reached €127.31 million, which represents 51% growth compared to last year’s figures for the same period. From April to June, that is second quarter of 2007, net sales reached €70.9 million, 55% increased compared to second quarter of 2006.

Sales increase has been determined by organic growth, driven by an intense demand of equipment. Despite the fact the two acquisitions made by GAM occurred during first half of the year (Vilatel and Viasolo, a Portuguese company, for €114 million and €8 million respectively) solely last month results from those two entities have been consolidated in the accounts for 2007 first half results.