Event Publicly Available Information:
The Failure to Pay in question was a failure by the Reference Entity to pay amounts due on, we understand, 27 October 2011 but in any event no later than 31 October 2011 under the loan agreement (the "Loan Agreement"), dated 22 April 2004, between the Reference Entity and Lighthouse International Company S.A. ("LIC"), as evidenced by the following Press Releases issued by LIC: http://www.lic-sa.com/LIC04112011.pdf and by SEAT: http://www.seat.it/seat/download_galleries/press/comunicati_2011/09112011_Cos_Seat_eng_def.pdf (see page 8) http://www.seat.it/seat/download_galleries/press/comunicati_2011/27_10_2011_Seat_Press_Release_English.pdf (see page 2) A copy of the Loan Agreement is available on request from Jean-Jacques Kinnen (e-mail: jean-jacques.kinnen@dexia.com, Direct Telephone: +352 45903550) of Dexia Banque Internationale a Luxembourg, the listing agent and paying agent of the €1,300,000,000 8% Senior Notes due 2014 issued by LIC.