Cellnex Telecom S A : Changes in the composition of the Board of Directors 434kB

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COMISION NACIONAL DEL MERCADO DE VALORES (CNMV)

In accordance with article 227 of the Restated Text of the Spanish Securities Markets Law approved by the Royal Legislative Decree 4/2015, of 23 October, CELLNEX TELECOM, S.A. ("Cellnex" or the "Company") hereby notifies the Spanish National Securities Market Commission of the following

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The Board of Directors of Cellnex has received a resignation letter of Mr. Franco Bernabé from his post as director and Chairman of the Board of Directors, invoking personal reasons.

Under his tenure - since July 2019 - the Company has experienced a period of strong growth with strategic decisions that have led to consolidate the Group's position among the main European telecommunications tower and infrastructure operators. During his time as Director and Chairman, Cellnex has undertaken two capital increases for an aggregate amount of 6,500 million Euros (in October 2019 and in August 2020) and it has announced new transactions that represent approximately 14,000 million Euros in investments, among them, and due to their strategic scope, it is worth highlighting the acquisition of Arqiva's telecommunications division in the United Kingdom or the agreement with Hutchison last October that involves 6 European countries.

At the beginning of his mandate, Cellnex operated in 7 countries 55,000 locations, and he culminates his tenure on the Board and the Presidency leaving a group with a presence in 12 countries and more than 100,000 locations in the portfolio.

Until the appointment of a new Chairman, the current Vice Chairman, Mr. Bertrand Kan, will temporarily assume the functions of Chairman of the company.

Madrid, 4th January 2021