ONO Revenue growth brings strong EBITDA performance

Revenue growth brings strong EBITDA performance
“¢ Annualised EBITDA increases to €640 million
“¢ EBITDA margin reaches 39.1%
“¢ Continued growth in RGUs per customer

Madrid — Grupo Corporativo ONO, S.A. (“ONO”), the leading alternative provider of telecommunications, broadband Internet and pay television services in Spain, announced today the consolidated unaudited results for the second quarter ended 30 June 2007.

Richard Alden, Chief Executive Officer of ONO, commented: “I am pleased with the results that we publish today as ONO continues to show good financial strength. Moreover, despite some operational complications, we have added more than 45,000 new cable services in the second quarter of 2007 to reach over 3.7 million services from a total residential customer base of 1.9 million.”