Euskaltel S A : The liquidity agreement entered into between the Company and Norbolsa, Sociedad de Valores, S.A. has been resolved with effects as of today

Pursuant to article 227 of the rewritten text of the Spanish Securities Market Act, approved by Royal Legislative Decree 4/2015 of 23 October, Euskaltel, S.A. (hereinafter "Euskaltel" or the "Company"), hereby communicates the following

OTHER RELEVANT INFORMATION

The Board of Directors at its meeting held today has adopted the agreement for the resolution of the Liquidity Contract signed on July 10, 2017 with Norbolsa, Sociedad de Valores, SA, "the Contract" (communicated as Relevant Fact number 254,422), which has been suspended since March 29, 2021 (communicated as Other Relevant Information number 8251).

The resolution of the Contract is the consequence of the decision of the Board of Directors of Euskaltel to tender all treasury shares to the public takeover offer announced by the company KAIXO TELECOM, S.A.U. on Euskaltel.

The Contract has served in a satisfactory way to promote the liquidity of the Euskaltel shares and has favored the regularity of the share price. During the term of the contract, until its suspension, 7,755,511 shares have been purchased and a total of 7,769,351 shares have been sold.

At the closing of the contract, the final balance of shares is 155,633.

Derio, August 10, 2021.

EUSKALTEL, S.A.

Mr José Ortiz Martínez

Non-Executive Secretary of the Board of Directors

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