This document summarizes the main activities and milestones of the Enusa Group during 2010.

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2 This document summarizes the main activities and milestones of the Enusa Group during Detailed information on our economic, social and environmental performance can be found in the USB card accompanying this report, which contains the digital version of the 2010 Annual Report. It can also be consulted on our website: PUBLISHED BY: Enusa Industrias Avanzadas, S.A. Santiago Rusiñol, Madrid Telephone: (+34) Fax: (+34) / CO ORDINATION: Institutional Relations GRAPHIC DESIGN AND LAYOUT: a.f. diseño y comunicación PHOTOS: Sergio BARBERO, page 35 Luis Angel BLANCO pages 41, 45 Francisco GISBERT page 39 (First prize EMGRISA Photo Contest, Recycle me II) Pedro Pablo HERNÁNDEZ pages 26, 38 Matthias HORVATH pages 6, 21, 22, 24, 25, 29, 30, 36 José Miguel MESONERO pages 15, 28 Miguel Angel MIGUEL MARTÍN page 34 Cristina MORA page 24 Encarnación RODRÍGUEZ page 50 Chema SÁNCHEZ page 35 RELEASE DATA: May 2011 LEGAL DEPOSIT: S

3 Table of contents Letter from the President... 4 Enusa Group structure... 6 Corporate Governance Board of Directors Executive Committee Mission, Vision and Values Code of Conduct Economic Performance Main economic figures Business areas Main milestones of the Enusa Group in Social Performance Human capital Training Occupational health and safety Customers of Enusa Quality Adding value to our communities Communication with our stakeholders Events Environmental Performance Enusa Group Operational control of the environmental aspects in industrial and mining facilities Enusa Main environmental data Corporate Governance 3

4 Letter from the President Dear Reader: It is with pleasure that I once again address you through this letter, which is intended to serve as a prelude to the document you are about to read the 2010 Enusa Group Annual Report. With this letter I would like to greet you and thank you for your interest in learning a bit more about this group of companies over which I have the honor to preside. This Annual Report will serve as an informative and reference source for the Enusa Group, since the data contained in it speak for themselves about us and our most relevant activities. More than three decades ago we started down a road on which concepts such as safety, quality, respect for the environment and responsibility for our surroundings were always the guidebooks for our journey, regardless of the nature of the activity in question. We are scrupulous about supporting these mainstays of our business which, together with the high professional qualification of our workers, give us the key to success and a good reputation in the sectors where we operate. On this occasion, I want to take advantage of this letter to pay a very special tribute to Japan. These are hard times for that country and also for our sector. From here I send my condolences to the families of the victims of the earthquake and subsequent tsunami last March 11. The human frailness we have witnessed in the face of the forces of nature will always remain etched in our collective memory. At the same time it is only fair to express my admiration, recognition and support of the operators of the Fukushima nuclear power plant who are trying to control and minimize the consequences of this accident. Before this event, those of us who work in this industry had some well-founded expectations of a nuclear renaissance, but now we feel that we have taken another step backward. But far from

5 giving in to pessimism, we will work harder and focus our efforts on keeping our installations at the highest levels of safety, naturally with the help of the lessons learned from Japan. I believe in nuclear technology and in its professionals and technicians, and I am totally convinced that nuclear power will continue to be an essential part of our future development. Going back to the Enusa Group, I would like to mention at this time two very special anniversaries for us. In 2010, it has been 25 years since our Juzbado factory shipped the first delivery of fuel assemblies to a nuclear power plant (Ascó II), and EMGRISA, which is a bit younger, celebrated 20 years of helping to improve the environment. My congratulations to both. I am totally convinced that after the lessons learned in Fukushima, nuclear power will continue to be an essential part of our future development As for our environmental subsidiaries, TECONMA has commenced the works on the Urban Waste Management Plant in Castellón. It is also suffering from our current economic crisis with a volume of defaults that will be hard to endure. EMGRISA has consolidated its position as an agency of the Administration. Regarding our industrial investments, ETSA has maintained a good position in its core business of nuclear material, explosive and nuclear medicine transports, and it is significantly expanding its operations in Central and Eastern Europe thanks to the growing market of explosives transportation. Molypharma is still a leader in the radiopharmaceutical market and has renewed its service contracts with the regional ministries of health of Valencia and Andalusia. Focusing now on the parent company Enusa Industrias Avanzadas, S.A. in the area of Uranium Supply we have achieved the objectives set by the electric utilities, and in the area of Fuel we are satisfied that the agreements with our technology licensors and partners (Westinghouse and Global Nuclear Fuel) have been extended. We are still committed to technology and the provision of services, and we have been witnesses to a key milestone: in its 25th anniversary year, the Juzbado factory has set an all-time production record. Because of this growth and our medium-term expectations, we have requested and have been granted an increase in the factory s production capacity to 500 tu/year. At the Saelices El Chico mine in Cuidad Rodrigo, we are carrying on with the dismantling, monitoring and reclamation plan of the former mining installations, and at the same time we are studying the information contained in the Viability Study submitted by Berkeley Resources Ltd. With regard to the Environmental Business Unit, the Enusa Technical Environmental Office is involved in the construction of the first biogas plant that will be installed in Juzbado, for which the site preparation phase has already begun. Looking to the future, the most important thing is to try to improve our competitiveness by boosting the current level and quality of production and implementing the lessons learned from the events in Japan. We should strive to maintain the recognition of our regulators, institutions and customers and contribute to the socioeconomic development of the communities where we operate. And to conclude this letter, I would like to express my sincerest thanks to the Enusa Group staff for giving us their very best in professionalism, dedication and involvement; to our shareholders for being our driving force with their permanent support for our projects; to our customers for their unwavering faith in us; and to the communities where we operate for welcoming and trusting us. José L. González President Letter from the President 5

6 Structure of the Enusa Group ENUSA INDUSTRIAS AVANZADAS, S.A. Parent company or dominant SHAREHOLDERS 60% SEPI - 40% CIEMAT CORPORATE HEADQUARTERS & CENTRAL SERVICES Santiago Rusiñol, Madrid Telephone: Fax: JUZBADO FUEL ASSEMBLY Road Salamanca - Ledesma, km Juzbado (Salamanca) Telephone: Fax: SAELICES-CIUDAD RODRIGO ENVIRONMENTAL CENTER Road Ciudad Rodrigo-Saelices, km 8, Ciudad Rodrigo (Salamanca). Telephone: Fax: BUSINESS AREAS Enriched uranium management and supply. Fuel assembly manufacturing. In-plant services. Environmental area. STAFF AT 31 DICIEMBER employees

7 FINANCIAL INVESTMENTS INDUSTRIAL INVESTMENTS ENVIRONMENTAL INVESTMENTS FUEL AREA INVESTMENTS EURODIF 11.11% (1973) France. Uranium enrichment. COMINAK 10% (1973) Republic of Niger. Uranium mining. ETSA 100% (1996) Hazardous merchandise transportation. Staff: 48 Ctra. C-517 Salamanca-Vitigudino Km. 0, Salamanca Tel.: / Shares in other enterprises or companies: 99% ETSA-Doi (2006) TECONMA % (2001) Environmental conservation. Staff: 145 Campus Empresarial Arbea Ctra. Fuencarral-Alcobendas, Km. 3,8 Edificio Alcobendas (Madrid) Tel.: GENUSA 49% (1996) Fuel supply to European BWR nuclear power plants and engineering services C/ Josefa Valcárcel, nº Madrid ENUSA-ENWESA SERVICIOS DE COMBUSTIBLE NUCLEAR CETRAMESA 10% (2006) Development of logistics and transport in Salamanca and the western region of Castilla y León. Ctra. C-517 Salamanca-Vitigudino Km. 0, Salamanca Tel.: ENUSEGUR 100% (2000) Explosives transportation, custody and distribution. Staff: 11 C/ Santiago Rusiñol, Madrid Tel.: Shares in other enterprises or companies: % ASEBUTRA EMGRISA 100% (2003) Treatment of contaminated soils. Industrial discharge and waste management. Staff: 52 C/ Velázquez, nº Madrid Tel.: / e- mail: Shares in other enterprises or companies: 50% REMESA 55% DESORCIÓN TÉRMICA S.A., (DESOTERMIA) 30% CETRANSA 100% GESTIÓN Y PROTECCIÓN AMBIENTAL, S.L 45% DESORCIÓN TÉRMICA S.A., (DESOTERMIA) ENUSA-ENWESA AIE 50% (1995) PWR fuel assembly repair. Services related to the reactor core and its components. C/ Santiago Rusiñol, Madrid Tel.: SNGC AIE 25% (2008) Commercial promotion of products and services for nuclear power plants in China C/ Santiago Rusiñol, Madrid Tel.: MOLYPHARMA, S.A. 51% (1998) Radiopharmacy and radioactive isotope production. Staff: 47 Avda. Dr. Severo Ochoa 29, 3 rd floor Alcobendas (Madrid) Tel.: / Shares in other enterprises or companies: 34.28% BARNATRON 20% CADISA % BARNATRON 11.86% CADPET The Enusa Group is composed of the parent company (Enusa Industrias Avanzadas, S.A.) and its invested companies. Data updated to 31 december 2010 Corporate Governance 7

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9 Corporate Governance Enusa Industrias Avanzadas, S.A. The governance structure of Enusa Industrias Avanzadas, S.A., is composed of a Board of Directors, which oversees an Audit Committee, and an Executive. Memoria 2010 Gobierno Corporativo 9

10 Board of Directors Chairman: José L. González Martínez / Enusa Industrias Avanzadas, S.A. Vice-Chairman: Cayetano López Martínez / CIEMAT Members of the Board: José Miracle Gómez / SEPI Javier Arana Landa / Ministry of Industry, Tourism &Trade Elena Rodríguez Raso / Ministry of Economy & Treasury Mª José de los Llanos Castellanos Garijo / Ministry of Territorial Policy Antonio Cordero Gómez / Official Credit Institute Ramón Gavela González / CIEMAT Miguel Fernández Díez-Picazo / Ministry of Economy & Treasury José A. Gonzalo Angulo / Accounting & Account Audit Institute Mª José Tarrero Martos / Ministry of Employment & Immigration Non-Member Secretary to the Board: Fernando Lozano Sánchez / Enusa Industrias Avanzadas, S.A. 10 Corporate Governance

11 President José L. González Executive Committee Fuel Manufacturing Director Francisco Javier Montes Director of Legal Consultancy & Secretary of the Board Fernando Lozano Director of Fuel Technology and Sales Roberto González Quality Director Julián Andrés Director of Uranium Supplies Germán García-Calderón Finance & Information Systems Director Juan Ignacio Artieda Director of Environment Rosario Arévalo Organizaton and Human Resources Director Begoña Díaz-Varela Director of Industrial Investments Ignacio Oyarzábal

12 Mission, vision and values Enusa considers that the best guarantee of its commitment to the creation of value for all persons and the different collectives with which it is related is through professional performance in accordance with its mission, vision and values. MISSION Continuously provide to society, on a longterm basis, first-rate, competitive and safe products that support human and professional development, environmental protection and adequate profitability. VISION This is based on business lines in technology and service areas developed on the basis of its structural capabilities in the treatment and management of nuclear and radioactive materials and that combine mature markets with other emerging markets with a significant growth potential. VALUES Priority attention to quality, safety and the environment. Attention to, trust in, understanding of and respect for people. Training. A teamwork spirit. Leadership, innovation, professionalism and honesty. Perseverance in work and a desire to excel. Transparency and constructive selfcriticism. Participation, commitment and communication. 12 Corporate Governance

13 Code of Conduct Applies to all of Enusa s workers and subsidiaries, as well as all independent professionals who execute jobs or projects for the company. The following principles describe the organization s commitment to Social Responsibility and Business Ethics. Our Corporate Code of Conduct is based on them. Principles of Social Responsibility 1. Rejection of child labor and forced labor. 2. Environmental protection, health and occupational safety. 3. Support for freedom of association. 4. Non-discrimination. 5. Sufficient pay to workers. 6. Supplier relations based on the principles of this Code. 7. Commitment to Company improvement. Global Compact Since 2002 we founder members of the Spanish Network of UN Global Compact (ASEPAM). We actively support this initiative and the Ten Principles on Human Rights, Labour, Environment and Anti-Corruption. Principles of Business Ethics 1. Commitment to quality and safety. 2. Accurate records. 3. Opposition to commercial favors. 4. Avoidance of conflicts of interest. 5. Rejection of favoritism. 6. Prevention of fraud, theft and crime against property. 7. Prosecution and penalization of harassment in the workplace. 8. Prevention of illicit use of confidential or privileged information. 9. Political and community activities. Public declarations. 10. Prudent use of information and new technologies. Corporate Governance 13

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15 gru po eco no mía so cial am bien tal Economic Performance Memoria 2010 Desempeño Económico 15

16 Main economic figures of Enusa Group Turnover (Mill. euros) mill. euros TURNOVER Services Rendered Net Variation of Cash Flow or Equivalent (20) (1) 1 Amortizations and provisions Pre-tax earnings AFTER-TAX P&L After-Taz P&L (Mill. euros) Net tangible fixed assets Net Worth (excluding year-end P&L) Financial Debt - Long-term debt Short-term debt Creditors TOTAL ASSETS/NET WORTH & LIABILITIES No. No. No. STAFF Total Assets/Net Worth & Liabilities (Mill. euros) 16 Economic Performance

17 Main economic figures of Enusa Industrias Avanzadas, S.A. Turnover (Mill. euros) mill. euros TURNOVER Services Rendered Net Variation of Cash Flow or Equivalent (22) 0 0 Amortizations and provisions Pre-tax earnings After-Taz P&L (Mill. euros) AFTER-TAX P&L Net tangible fixed assets Net Worth (excluding year-end P&L) Financial Debt - Long-term debt Short-term debt Creditors Total Assets/Net Worth & Liabilities (Mill. euros) TOTAL ASSETS/NET WORTH & LIABILITIES No. No. No. STAFF Economic Performance 17

18 Business areas Business areas of our parent company, Enusa Industrias Avanzadas, S.A. (hereinafter, Enusa) FIRST PART OF THE NUCLEAR FUEL CYCLE We manage the supply of enriched uranium for Spanish nuclear power stations. We handle the design, manufacture and fuel supply, as well as the provision of services to nuclear power stations. ENVIRONMENTAL MANAGEMENT PROJECTS We restore disused uranium mining facilities (La Haba in Badajoz and Saelices el Chico in Salamanca) Our Technical Environment Office provides landscaping restoration services in the area of industry and public works and develops new energy applications such as the installation of biogas plants. Business areas of our subsidiaries ETSA. We deliver solutions for the transport of hazardous goods of high-level responsibility across Spain and Portugal and the rest of Europe. Molypharma. We produce and supply radiopharmaceutical products for use in nuclear medicine. TECONMA. We work to protect the environment by minimising the environmental impact produced by civil works. EMGRISA. We carry out projects in industrial waste management and polluted soil and water treatment and characterisation. Our THERMAL DESORPTION technology provides a unique alternative for soil decontamination in Spain. 18 Memoria 2O1O Economic Performance

19 Main milestones of the Enusa Group in 2010 In Uranium Procurement we have met the objectives set by electric utilities. Agreements with our licensers and technological partners have been extended. On the 25th anniversary of the fuel element factory, we have achieved maximum annual historic output. We have been granted the licence for a production capacity of 500 tu/year. We continue working on the plan for dismantling, surveillance and restoration of our disused mining facilities. We have started building the first stock farming waste biogas plant at Juzbado (Salamanca). EMGRISA is now officially a Government body. We have been granted the patent for the soil thermal decontamination system. Desotermia has completed its soil decontamination for DELTA. In Castellón, TECONMA is building the first Urban Waste Management Plant in Spain using biological-mechanical technology. ETSA continues to extend its hazardous goods transport services (especially explosives) in Eastern Europe. Molypharma. We continue to lead the Spanish radiopharmaceuticals market, along with our key partner IBA. Memoria 2010 Desempeño Económico 19

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21 gru po eco no mía so cial am bien tal Social Performance Memoria 2010 Desempeño Económico 21

22 Human capital At 31 December 2010 the Enusa Group had a staff of 926. At the end of the year Enusa had 589 employees. If we factor in the 51 employees in a situation of partial early retirement, the staff of Enusa amounts to 610 employees. Enusa Groups Staff the Enusa Group has 926 employees Enusa Staff % Staff of Enusa by sex 22 Social Performance

23 Men Women Total Evolution of staff by age group Percentage of Enusa employees broken down by professional category, sex and work center Madrid Juzbado Saelices-Ciudad Rodrigo Social Performance 23

24 Enusa creates secure quality employment Enusa staff according to contract type The vast majority of Enusa staff is employed on a permanent basis % hold fixed-term contracts. The rise in fixed-term contracts in the last few years is linked to a gradual process of generational change-over by way of partial early retirements Social Performance

25 Social benefits of Enusa Study aid for children Promotion of natality Orphan allowances Reconciliation of family life and work Extra-wage aids for meals and transportation Accident insurance and/or death and permanent or total disability insurance Pension plan 50% of the amount of voluntary family medical insurance taken out with any company 100% of the salary received in sick or accident leaves, provided they are recognized by the work centers Medical Service Guarantees to financial and loan institutions for buying or remodeling homes Study aid fund for Enusa employee children Total 2010 Total 2009 Total 2008 Amount ( ) 181, , ,085.8 No. of beneficiaries Social Performance 25

26 continuous and integral development of employees 26 Social Performance

27 Training Our General Training and Development Plan seeks the integrated ongoing development of the employees by equipping them to meet the increasingly stringent demands of the market and of our customers. This programme includes technical updating, development of occupational skills and competences, quality, safety of people and facilities, prevention of occupational accidents, environment and use of new technologies. our continuos training programme, the key to excellence Training indicators Enusa Group TOTAL INVESTMENT ( ) (courses, transportation, accommodation, financial value of working hours spent on training) , , ,530 Training Cost ( ) (Cash) Contributions from the European Social Fund and the Tripartite Foundation for On-the-Job Training (FORCEM) 298, , ,338 66,222 69,574 33,337 Training hours 22,740 28,250 18,427 Number of trainees 2,580 3,036 2,905 Number of courses Social Performance 27

28 Occupational health and safety The health and safety of all employees has been the Enusa Group s priority right from the start. Enusa Group Training in health and IRP We are firmly committed to the safety of the employees, the wider community and the environment through training, information, prevention and the development of new processes The Enusa Group has a Joint Occupational Health and Safety Service covering the four legally established branches. In 2010 all employees were examined by the Health and Safety Service as part of the Medical Assessment Programme. occupational safety and health, a mainstay of our management 100% of Enusa employees are represented on the Health and Safety Committee, which monitors the Company health and safety programme and provides advice. 28 Social Performance

29 Industrial accident rate of Enusa Period A.R. = No. of lost working days / No. of workers thanks to our health and safety policy Enusa occupational accident rates are very low compared to the national general and industrylevel rates Social Performance 29

30 Customers of Enusa Enusa strives each day to provide top quality products to its customers, endeavouring to meet their needs by constantly innovating. in the course of 2010 no event was recorded that gave rise to a complaint procedure The quality of the service it provides its customers is measured through regular surveys. With all this information it draws up an action plan in which the appropriate measures are taken to remedy any problems found. At the same time, the company spots opportunities for improvement and future specific needs for each customer. Environmental area customers 30 Social Performance

31 Fuel area customers Social Performance 31

32 through an agreement with the CSN and Enresa will analyze the integrity of the structure of the rods constituting nuclear fuel Enusa investment for R & D + i For a company like Enusa constant innovation and commitment to R&D projects are fundamental. In this way, for instance, the Nuclear Safety Council (NSC) and Enresa concluded a specific agreement in 2010 to examine the integrity of the structure of the rods constituting nuclear fuel during their temporary storage in containers. This project is part of the Nuclear Fission Energy Technological Platform (CEIDEN). 32 Social Performance

33 Quality The Enusa Group has always been committed to quality as a key factor and mainstay of all its activities. Through its parent company, it has taken a proactive role in rolling out and developing management systems and Continuos Improvement, which enables it to maintain its strategies in the business to assure growth and competitiveness. 3,000 hours allocated to Continuos Improvement projects in 2010 Social Performance 33

34 Adding value to our communities Enusa has always given priority to companies in the communities where they operate as regards procurement and contracting of services. 70% of Enusa staff perform their services at sites the Company has in Salamanca, while most employees come from Castilla y León. Geographical Enusa staff distribution *Data refer to the actual staff, excluding workers in a situation of partial early retirement the Juzbado works exports almost 70% of its annual output abroad 34 Social Performance

35 Added value of Enusa in Salamanca ( ) Item / Year SUPPLIERS 3,047,120 4,480,959 6,706,996 5,440,462 CUSTOMS 4,289,000 5,563,000 5,069,000 7,835,000 TAXES & OTHER EXPENSES 172, , , ,066 TRAVEL expenses: 500 people and 610 hotel stays and dinners (estimated expenses) 80,000 64,800 64,800 64,800 PAYROLL + SS 16,181,034 17,605,537 19,666,485 20,256,355 TOTAL 23,769,757 27,897,478 31,718,564 33,877,684 Social Performance 35

36 Communication with our stakeholders If I don t communicate, others will take my place; if I don t talk about myself, others will do it for me, they won t do it as well as me and, if I don t want to be in denial, I have to take the initiative. Aimery de Narbone (1990) Communication should be based on the Company s general strategy, conferring consistency and integration on management aims, plans and actions. Internal Communication Employees are the first reflection of an organisation s culture. Planning internal communication helps to build trust and to generate a commitment to conveying a positive image to our external stakeholders. an open door for all stakeholders Internal communication activities in 2010 Upgrading of intranet Design of corporate communication tools Sending internal notes News clipping Company welcome manual Internal documents Memoria Desempeño Social

37 E.. A. S. y europeas. PÁGINA 3 our communication is based on the principles of information transparency and accuracy External Communication Through transparency and knowledge, society in general has information available on the Company s activity trust is created between them. External communication activities in 2010 Media plan Course for journalists Enusa web Emgrisa web Presence in trade fairs and congresses Cultural visits to the factory ENTREVISTA A JOSÉ LUIS GONZÁLEZ LUNES, 29 DE NOVIEMBRE DE 2010 SUPLEMENTO ESPECIAL DE EL ADELANTO ENTREVISTA A JAVIER MONTES Hace falta La frase la mucha seguridad es lo información primero es una sobre la energía máxima en esta nuclear planta PÁGINA 2 Imagen aérea de la central de Enusa en Juzbado. Juzbado, pasado y futuro de la energía L SALAMANCA la localidad salmantina de Juzbado comenzó su actividad en 1985 y desde entonces se ocupa a fábrica que Enusa posee en del diseño, fabricación y suminis- tro de combustible nuclear para las centrales nucleares nacionales y Hacienda, y en un 40 por ciento por el Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas (CIEMAT), que a su vez pertenece al Ministerio de Ciencia e Innovación. La fábrica de elementos combustibles de Enusa Industrias Avanzadas, S.A. es una empresa pública participada en un 60 por ciento por la Sociedad Estatal de Participaciones Industriales (SEPI), dependiente del Ministerio de Economía Juzbado, uno de los tres centros que ha ido creciendo hasta posicionarse en el ranking de empresas más influyentes en nuestra de los que dispone la empresa, es balanza comercial. una de las más innovadoras de Europa, al incorporar tecnología de última generación que optimiza los recursos y protege el medio ambiente, una instalación Según explicó el director de la planta salmantina, Javier Montes, la fábrica de combustible nuclear ha procesado a lo largo de su historia toneladas de ura- nucleares nacionales utilizan el combustible que fabrican. Pese a todo, cerca del 60 por ciento de nio y producido elementos combustibles, capaces de solucionar las necesidades energéticas de Castilla y León durante su producción se exporta. Según un estudio realizado 170 años. En la actualidad, la planta, autorizada para producir desde la Universidad de Salamanca, se estima que en los 25 años 500 toneladas anuales, no está al cien por cien de su producción dado que no todas las centrales de trayectoria de Enusa en la provincia se han generado 2470 millones de euros además de empleos a tiempo completo. El presidente de Enusa, José Luis González, aseguró en la inauguración de la exposición que conmemora los 25 años de historia de Juzbado que las centrales nucleares no son parte del pasado como demuestra el hecho de que en todo el mundo hay 430 en funcionamiento y otras 50 en construcción tanto en países emergentes del extremo oriente como en diversas partes de Europa. El máximo responsable de E- nusa aclaró que la energía nuclear juega su papel como productor de energía eléctrica pero también de hidrógeno o agua, además de contribuir a superar problemas medioambientales, sociales y económicos derivados de la producción de combustibles fósiles. Social Performance 37

38 Events 25th Anniversary of the Juzbado factory In November, Enusa held different events to commemorate the 25th anniversary of the fuel element factory that the Company has in Juzbado in the province of Salamanca. One of the main activities arranged was a retrospective exhibition called : Illuminating challenges, sharing experience, a reflection of the factory s 25 years of existence. The exhibition was divided into five separate parts illustrating its history, development, economic contribution to society, business activity and its product. The other two events forming part of this celebration included an official act and an industry-level event, which took place at the factory, and a sports event for employees from all the sites, 25th Anniversary Challenge, in which over a hundred Enusa employees took part in various competitions (paddle tennis, fronton, basketball, indoor football and mus, the Spanish card game). 38 Social Performance

39 20th Anniversary of EMGRISA The environmental subsidiary of Enusa Group celebrated its 20 years of contributing to environmental improvement. One of the activities held to mark the 20th anniversary was the first edition of the EMGRISA 20th Anniversary Photography Competition. The aim of the competition was to raise people s awareness of the importance of environmental protection, in addition to encouraging them to use resources sensibly and protect the environment. Social Performance 39

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