SOL MELIA ANNUAL REPORT 00 COMP

This report analyses trends in the business activity and the consolidated results of Sol Meliá, S.A. and its subsidiaries
(hereinafter “Sol Meliá” or the “Group”) for 2000.
1 Purchase of Own Shares
Following authorisation from the General Shareholders’ Meeting held in July 1997, Sol Meliá, S.A., acquired 50,000 shares
in 1997, 100,000 in 1998 and 50,000 in 1999 at an average acquisition price of Ptas. 5,298, Ptas, 7,158 and Ptas. 4,912,
respectively. The three for one split of August 9, 1999 affected the number of shares acquired during this period.
The exercise of the voting right and of the other political rights applicable to these shares is in abeyance. The economic
rights inherent to said shares, except for the right of free transfer of new shares, will be attributed proportionally to the
other shares.
These shares will be included in the calculations of capital needed to carry out the agreements adopted by the General
Meeting.
The options program prevailing until 1999 was cancelled during the year.
During the year the Company contributed 195,425 own shares to the purchase of shares of Azafata, S.A.
At December 31, 2000 the Company has a total of 1,034,937 own shares with a par value of Euros 0.2, which represent
0.56% of the Company’s share capital.
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M ELIÁ
A NNUAL R EPORT 2000
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