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Carbures appoints Roberto Rey as new managing director

The Board is reinforcing its management team to adapt to its situation of industrial growth.

* Roberto Rey Perales, already chosen as a director of Carbures on 10 December, ex-director of the Antolín Group and ex-Managing Director of the San José Group, among other positions, is today appointed Managing Director of the Company.  

* Carbures is thus reinforcing its corporate structure to adapt it to the management needs arising as a result of its growing portfolio of aeronautics and automotive orders for the next few years.  

* Carbures is expanding the manufacturing capacity of its Burgo de Osma plant by installing a long-line composite materials car parts production line.

Madrid, 16 December 2015. Carbures is appointing Roberto Rey as new Managing Director to handle the growth in industry predicted for the next few years. The Board of Directors has made the decision to reinforce the company’s executive leadership to handle a new business phase of increased orders for parts in the aeronautics, automotive and civil engineering sectors for the next few years. In a session held on this day, the Board of Directors has approved the appointments of Rey, ex-Managing Director of the San José Group, and of Rafael Contreras, founder and Executive Chairman of the Company. In 2015, Carbures is consolidating itself as a leading European manufacturer of composite material aeroplane parts. Its industrial and manufacturing figures from its aeronautics business line demonstrate this.

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Carbures is now stronger with the appointment of a new Chief Financial Officer

It has increased the number of Board Members from six to eight in order to adjust it to the Company's shareholding structure

•The Company announces the appointment of Borja Rubio de la Rocha as the new Chief Financial Officer who has come from Indra where he held the position of Executive Advisor for Public/Private Associations in the Transport and Defence markets.  

•The Carbures Board has increased from six to eight members in order to better its corporate governance and adjust the board to the company's shareholding structure.  

•Carbures issued warrants for a value of 35 million euros in favour of Black Toro Capital, which is one more example of the confidence in its business plan and the expected growth at Carbures.

Madrid, 2 December 2015. Carbures has begun a new phase following the Extraordinary General Meeting of Shareholders and the board of directors meeting held yesterday during which key decisions were made to progress with the company's solid and organised growth. On the one hand, the Board of Directors strengthened the company's management team with the appointment of a new Chief Financial Officer, Borja Rubio de la Rocha, as well as its corporate governance with the appointment of two new board members in order to better its corporate governance and adjust the board to the company's shareholding structure. Moreover, Carbures has closed a new financial transaction with Black Toro Capital for a value of 35 million euros through the issuance of warrants covered by a capital increase for the same amount.

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Carbures has filed a lawsuit against Emerging Market Intrinsic for illegal speculation with its shares

The Company is claiming 150 million in the lawsuit filed with the New York Supreme Court.

• Carbures has filed a lawsuit with the Court of New York against the fund Emerging Market Intrinsic (EMI) for illegal speculation transactions which are harming its listing.

• It is claiming 150 million dollars for the damages caused to the Company due to the drop in its share price, among others.  

• The Company closed a financing transaction with said fund for seven million in September and the lender is allegedly speculating in the market with the shares pledged as a guarantee for the loan.

Madrid, 27 November 2015. Carbures has detected speculative transactions it considers to be illegal with the Company's shares in the latest sessions, especially since 23 November, which are causing it to sharply fall in the stock market. For this reason, the Company filed a 150 million dollar lawsuit on 23 November with the Courts of New York against Emerging Market Intrinsic (EMI) as it has detected the illegal negotiation and lending of Carbures shares which were pledged exclusively as a guarantee for a financing transaction formalized by the Company.  

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Carbures attains record production in aviation in 2015

39,322 aircraft parts were manufactured this year which is 22.23% more than the 32,348 manufactured in 2014

* Carbures is closing the year with turnover in its aviation division of 16.6 million which is 53.7% above the 10.8 million seen in 2014.

* The company has risen to 35 miscellaneous aircraft part production programmes which amounts to seven more than those it had in 2014, thereby becoming one of the key composite aircraft parts manufacturers in Europe.

* The Carbures plants in Illescas and Jerez passed the aviation sector quality and requirements audits in 2015 for each one of their production processes.

Madrid, 30 November 2015. Carbures has consolidated its position as a benchmark European manufacturer of composite aircraft parts. Its industrial and turnover figures for 2015 in the aviation division prove this. This year, the company reached a historic aircraft composite part manufacturing record with 39,322 parts leaving its plants in Illescas and Jerez de la Frontera, the two leading poles in aviation composites production in Europe. This production volume means an increase of 22.23% over the 32,348 parts manufactured in 2014.

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Carbures formalises the 30 million investments in Black Toro Capital by means of a capitalised loan

• The company chose to formalise the 30 million investment in the Black Toro Capital fund by means of a capitalised loan formula through shares but is reserving its decision to execute the conversion or not.  

• The Carbures Board of Directors appointed its Chairman as Executive Chairman as one more step by the company to accompany its industrial and business growth with its operations and management.  

• Carbures has added Domingo Ureña, former Chairman of Airbus Spain and former Executive Vice-Chairman of Airbus Defense, as an external advisor and a member of the industrial group's strategy committee for its aviation and defense business.

Madrid, 27 October 2015. Carbures will earn 30 million to continue complying with its business plan and is taking strategic steps towards structural growth as a company. The company's Board of Directors has approved the formalisation of the 30 million financial transaction signed in September with the Black Toro Capital (BTC) fund through a share-convertible credit formula. The decision to capitalise the loan or not in shares is reserved by Carbures. On the other hand, the company's highest management body has approved the appointment of its Chairman as Executive Chairman. The appointment was made in response to the need to reinforce Carbures' management capacity due to the industrial volume the group has reached as well as the expected growth in the automotive sector and the business development underway in the various countries in which it operates.

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