GAM International sales increased 60% and domestic non construction business increases 34%. GAM closes first semester in line with most recent strategic plan.

GAM International sales increased 60% and domestic non construction business increases 34%. GAM closes first semester in line with most recent strategic plan.

- GAM achieved total revenues of € 60.88 million during first quarter, resulting in a recurring EBITDA of € 16.16 million. - Sales have been severely impacted by bad weather conditions during the first two months of the quarter, and the slow down experienced in the wind power activity caused by legislation uncertainties. Revenues associated to the wind power business were € 3.5 million lower than in the same period 2009. Excluding the above, revenues for non construction business grew 43% compared to same period last year and the international subsidiaries increased sales by 47% (growth of 225% excluding Portugal). Total revenues for diversified and international activities represent 37.6% of total and are expected to continue growing in the future. - GAM continues strongly focused on cash flow optimization and debt reduction. Net debt decreased, totalling € 497.54 million, under € 500 million, in line with Company projections. The company generated a cash flow of € 21.68 million before debt repayments and investments, and cash flow of € 3.79 million after debt repayments and interests. The Company cash and cash equivalent position at the end of March was € 63.10 million. - GAM keeps focused on cost reduction in order to adapt cost structure to domestic economical conditions. In addition to the reduction accomplished in 2009, a new plan has been put in place to reduce additional € 40 million (annualized). Out of this amount, € 24 million (annualized) have been executed during first quarter. - GAM is implementing a price increase strategy that will contribute to margin improvement

Oviedo, March 16th, 2010.- GAM has successfully completed the Rights Issue process as stated in the communication sent to the CNMV (Comisión Nacional del Mercado de Valores). The Rights have been fully acquired during the first part of the process without being necessary to proceed with the Discretional Period Assignment included in the calendar approved by the CNMV. The subscription period ended in March 9th, 2010 and concluded with the subscription of 14,942,236 new shares representing 99.88% of the total Rights Issue process. During the mentioned period 29,773,157 Additional Shares were requested, which represents 199% of the total Rights Issue. The Company expressed its satisfaction after having received three requests for each new share, which clearly indicates the great interest raised and the commitment of the significant Company shareholders. The Rights Issue process will allow GAM to strength its balance sheet and to consolidate its international expansion project to become the leading rental equipment Company in South America and Middle East. As per the approved calendar timing, GAM will proceed to legalize the correspondent Rights Issue Process documentation within the coming days. Once completed, the new shares will become listed in Madrid, Barcelona, Valencia and Bilbao Stock Exchange through the Automated Quotation System (Mercado Continuo).

Spanish version

GAM closed a challenging year 2009 in which the company continued to develop its diversification and internationalization business with the main objective of becoming the leading rental company in Latin America

• GAM’s total invoicing is up 3% in the third semester compared to the previous. Net profit in the third semester stands at 0.3 million Euros. • As maintained throughout 2009, GAM continues to dedicate itself to the optimization of cash flow and overall reduction in debt level. By September of the year in session, the company generated cash flow of 103 million before debt repayments and investments. • In the process of restructuring its overall debt level, the company has added more financial entities to its debt reschedule agreement reached in July 2009 thus bringing the percentage to 78.6% of the company’s total. • Moreover, the company continues to focus fully on its Cost Reduction Programme in the aim of achieving a monthly total in recurrent operating costs of 16 million Euros. • And finally, GAM continues to dedicate itself fully to its diversification and internationalisation projects. Total invoicing from international markets has increased by 25% in comparison to the total invoiced in the same quarter of the previous year.

• GAM has reached an agreement with its financial entities to reschedule its debt repayment in order to adjust repayment to suit the current industry conditions and company results. • Cash flow maintenance and debt reduction remain firm priorities. At the close of this semester, gross debt had reduced by 43 million compared to the level reported in December 2008. Net debt was equally reduced leaving a debt level of 569.8 million. Liquidity level remains constant at 62.5 million Euros. • Sales in the first six months of 2009 reached 143 million, 25% down from sales level in the same period in 2008. The resultant EBITDA: 30%. EBITDA has reached 43.3 million Euros. Total cost reduction has achieved savings of 15.1 million in comparison to the level of expenses incurred in the same period of the previous year (10.5 net million Euros subtracting for damages and other non recurrent expenses.) • GAM’s prospects remain positive given its business model. Its continuing diversification and strong international growth will continue to be its principal growth drivers. With growth of 24% its international business will accelerate total company activity.

Signing of agreement with the local company ETE GAM SETTLES IN THE GULF COUNTRIES • GAM and ETE have signed an agreement for the joint development and exploitation of the machinery sale and rental business. • The collaboration agreement includes, amongst other countries, Saudi Arabia, the Arab Emirates, Qatar, Bahrain, Kuwait, Oman and Iraq. • With this agreement, GAM adds to its presence in Europe and America, an expansion of its operations to a third continent: Asia.

THE COMPANY HAS HAD 21 CONSECUTIVE QUARTERS OF GROWTH • GAM revenue up to September grows 30% reaching 282.3 million euros. • EBITDA up to September rose to 120.9 million, which represents an increase of 29% over the same period last year. The EBITDA margin remains at 43%. • The company’s debt enters a downward trend during the third quarter. • The cost management initiatives adopted recently consolidates GAM efficiencies and will allow high margins to be maintained in the next few quarters.

A big boost to renewable energy division GAM will receive 6 million of euros for the installation of 49 wind turbines in Almeria with a total power of 98 megawatts

Please note that GAM will publish its 1Q2008 results.

• Turnover increased by 66% in 2007, largely due to organic growth and the opening of new branch offices. This figure totalled EUR 307 million. • Net profit reached EUR 25 million, a 44% increase over 2006. • The figures attained and growth recorded confirms the proper performance of diversified activities and company infrastructures, as well as GAM's limited exposure to the residential construction sector.

Please note that GAM will publish its FY2007 results as well as Outlook 2008-2010 on February 29th 2008

• Guimerá specialises in the temporary supply of electricity and refrigeration for the industrial, power and event sectors. • The cost of the acquisition amounts to €18 million. • With this expansion, GAM Energía now has a staff of 100 employees and 800 pieces of machinery.

• The company, through its industrial division, has closed a deal with Integral Transport Service, S.A. and ABX Logistics España, S.A. to assist in the preparation of the event facilities. • GAM expects a turnover of around €3 million for provision of its services until the middle of this June.

GAM’S EBITDA increased by 48% in the First Quarter, reaching €23.7 million

Expectations fulfilled in 2006

General de Alquiler de Maquinaria has been informed by its major stakeholders Dinamia Capital Privado S.C.R., S.A., Inversiones en Alquiler about the fact that they have proceed with the sale of shares to qualified investors.

GAM has registered its third best session since its flotation in the Spanish Stock exchange last June 13th at an IPO reference price of €8.25 per share. Today it has moved up 6.81%, setting its price at €10.51 per share, this was surpassed only by Sniace that, due to the expectations placed in bioethanol, has raised an impressive 11.81%. This good performance has probably been driven by the recommendation made by Ibersecurities, that has advised to purchase the shares of GAM at a goal price of €12.5 per share.

It seems that Gesmadrid, the equity fund management company of Caja Madrid, has placed confidence in GAM. According to the latest data sent to the CNMV, 29 of the 36 sicavs run by the subsidiary of the Madrid savings account acquired shares of GAM for an aggregate amount of €2.53 Million.

UBS ( formerly known as Union Bank of Switzerland), has announced to the Spanish Securities Market Board the purchase of 1,49 million of shares that represents 5,25% of General de Alquiler de Maquinaria (GAM) share capital. Based on current market price the operation is evaluated in 14 million of euros.

Gondaral, S.L, company owned by the Hinojosa family has purchased 5% of General de Alquiler de Maquinaria (GAM). The former Chairman of Cortefiel, currently involved in the touristic industry, with Marsans, relies on GAM as a solid and long-term asset.

Fidelity Internacional announced today the purchase of two million shares of General de Alquiler de Maquinaria (GAM), eight days after GAM’s flotation. With a 7% of GAM’s share capital, Fidelity Internacional becomes one of its major shareholders.

BBK purchased 1.425.000 shares of General de Alquiler de Maquinaria (GAM) issued in the recent I.P.O., this amounts to 5% of the share capital, according to the basque savings account.

GAM went public yesterday at noon, listed GALQ, disregarding a Spanish superstition where Friday13th is supposed to bring bad luck. Unlike other companies, GAM has not cancelled the I.P.O. due to the instability of the stock market, as GAM is convinced that its project is a solid.

General de Alquiler de Maquinaria S.A., GAM, organised the 2nd GAM Golf Tournament. The event was held at Club de Golf La Fresneda in Siero, Asturias, from June 9-10.

GAM has purchased two truck mounted aerial lifts from Talleres Velilla that will be the first machines of this types used in Spain.

GAM has closed an equipment purchase agreement with JBC. This equipment will be supplied over a five-year period and will cost 45 million Euros

Next December 26th the Sports Arena of Gijón will host one of the top events of the year in motor sports. The best freestylers of Spain will display their creativity during this event, this tournament is also qualifying for the Spanish championship. Asturias will be honoured to host such a great show with lots of ingredients to become an unforgettable evening and one of the top motor racing events in Europe. Spain’s top riders will take part, such as E.T. Edgard Torronteras, the best Freestyler of our country. Together with other great ones, such us Sydney de Andrés, André Villá ( 2005 champion), and Nicolás Ortuño that will amaze everyone with diverse and impossible tricks, such as backflip, tsunami and cordobés.

In order to celebrate J. Crespo’s 40th anniversary, last November 3rd GAM set up a kart racing competition at Carlos Sainz Center and a laser game for 70 guests, as well as a superb dinner at Asador de Aranda. These activities were carried out again two weeks later for the whole staff of J. Crespo. GAM has become an industry leader in the region of Madrid, due to the acquisition of J. Crespo S.A., the oldest equipment renting operator in the city.

This year the winner of the Asturian-Galician Show Jumping Championships will receive the prize from GAM. The Asturian firm will be honoured to award the GAM Grand Prix to the best rider. The prize consists of a silver plate for the best rider in each category.

The main goal within the of the Strategic plan of GAM, leader of equipment rental industry in terms of turnover is to double up its sales figure in two years and achieve a turnover of more than 300 million Euros in 5 years. Organic growth in the traditional business is not enough anymore. Susana R. Arenes / Madrid (08/22/2005) CINCO DÍAS

GAM has organized the 1st GAM Golf Trophy. Competition took place at the La barganiza Golf Club in Siero, Asturias last 8th and 9th of July, with great and sunny weather.

GAM registers the highest growth rate since the opening of six new depots in Spain and Portugal. Thus, leading the Spanish sector over more than 1.600 competitors.

GAM has become an industry leader in the region of Madrid, due to the acquisition of J. Crespo S.A. for 10 million Euros, the oldest equipment rental operator in the capital city.

GAM is involved in a process of acquisitions and expects to register a turnover of more than 250 million Euros in two years, achieving a share of 20% of a market that is too fragmented.

GAM has purchased SAFE 2000 for 16.7 million Euros, 4.425 million of which will be financed through a capital raise, agreed between its current share holders: Dinamia, Nmás1 Private Equity Fund, Cajastur and the management team of Gam, as reported by the company.