SOL MELIA ANNUAL REPORT 00 COMP

EQUITY
share premium of Euros 14.8 per share. This share capital increase, arising from the purchase of the shares of Tryp, S.A.
(See Note 1), was subscribed and paid up by the non-monetary contribution of shares that represent 55 per cent of the shares
of Tribenol, S.L. and 38.4 per cent of the shares of Tryp, S.A.
At December 31, 2000 the main shareholders with direct or indirect participation in SOL MELIA, S.A. are as follows:
SHAREHOLDERS PARTICIPATION %
Hoteles Mallorquines Consolidados, S.A. 27.90%
Hoteles Mallorquines Asociados S.A. 16.30%
Hoteles Mallorquines Agrupados S.A. 6.20%
Other control shareholders 10.50%
Others 39.10%
TOTAL 100%
18.2 Reserves from parent company
18.2.1 Share premium
The increase in share premium during the year arises from the purchase of the shares of the Tryp Hotel Chain
explained in Note 1.
18.2.2 Legal reserves
SOL MELIA, S.A. has the obligation of transferring 10% of the profits for the year to constitute the legal reserve
until this equals at least 20% of the share capital. This reserve is not distributable to the shareholders and may only
be used to offset losses, should no other reserves be available.
18.2.3 Reserves for own shares
This reserve was set up for the acquisition of own shares (1,034,937 shares) and is unavailable until the disposal of
said shares at acquisition cost, less the provision charge recorded at year-end. These shares are recorded in assets in
the balance sheet of these annual accounts (See Note 17).
18.2.4 Reserve Law 19/94 Reinvestment in the Canary Islands
This reserve is unavailable since it was created based on SOL MELIA, S.A.’s commitment to invest in new fixed
assets located in the Canary Islands, with a 3 years investment term, an amount equal to the abovementioned reserve
for investments in the Canary Islands Law 19/94.
18.2.5 Revaluation reserve R.D.L. 7/1996 of June 7
This reserve, incorporated as a result of the merger in the balance sheet included in the balance sheet of the 1996
annual accounts of Inmotel Inversiones, S.A., is the consequence of the revaluations of the intangible and tangible
fixed assets carried out according to the relevant rulings, less 3% of the revaluations amount for taxation.
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