On 25th February 2009, General de Alquiler de Maquinaria, S.A. (hereinafter 'GAM' or 'the Company') Board of Directors approved a revised version of the 'Internal Code of Conduct of GAM in matters relating to the Securities Markets', which replaces the Code that was initially approved by the Board of Directors on May 3rd 2006, in compliance with the provisions of Real Decree 629/1993, dated 3rd May, on the standards of conduct in the securities market and obligatory registers.

The Board of Directors approved the new Internal Code of Conduct Regulation to adapt it to Law 47/2007 of December 19th which partially modifies the Securities Markets Law