Ordinary General Assembly

The Athletic Club Board of directors has decided, in accordance with that established Articles 19, 23 and 54.2 of the Social Statutes, to summon all Athletic Club members and associates to the Ordinary General Assembly which will take place at the Euskalduna Palace Auditorium in Bilbao, on Wednesday, 8 October 2008, with 1st session being at 19:15 hours and 2nd session at 19:30 under the following agenda:

AGENDA

FIRST: Approval, where appropriate, of the Accounts, Annual Report, Balance Sheet and the Board of directors Management for the past Fiscal Year.

SECOND: Approval, where appropriate, of the Budget for the following Fiscal Year, including the proposal for adjustment of quotas.

THIRD: Opening of the modification process or reform of the Social Statutes and, consequently, and in agreement with that stipulated in the First Additional Provisions of such:
a) Implementation of the agreement of proceeding with the modification of the Statutes
b) Appointment by the General Assembly of two members of the Commission in charge of writing up the Statutes Reform Project.

FOURTH: Board of directors’ projects and proposals.

FIFTH: Proposals by members, having been presented in writing and at least five days prior to the Assembly dates, and provided they have been signed by 10% of Assembly members or 2% of members with the right to vote.

SIXTH: Other business.

We’d like to further inform members of the following:

First: With regards to the THIRD point, section b) of the Agenda, we’d like to inform that the Board of directors, sheltered by that established in Art. 54.6 of the Statutes, has decided:

1) That according to the capacity that corresponds to them according to section e) of Art. 19 of the Statutes, the Board of directors will propose to the Assembly two specific people for their appointment as members of the Commission that will draft the Reform Project.
2) That members who wish that alternative proposals to those previously cited be the subject of voting, will have to comply with the stipulated and regulated procedure in section f) of the same Article 19 of the Statutes.

Second: In accordance with that established in Art. 27 of the current Social Statutes, the Assembly will be validly constituted when at least 50% of its members attend the first session. In the second session, 10% of members will suffice.

Third: In accordance with that established in Art. 31 of the Social Statutes, the documentation concerning the Assembly is available to all members at the Club’s headquarters.

Quarter: The ballot boxes will be opened once this Assembly is validly constituted and will be closed, allowing some prudent time from the conclusion and, after all speakers have had their turn.

Fifth: In accordance with that established in Article 25 of the Social Statutes presentation of the D.N.I. (ID) will be absolutely necessary in order access the premises designated for the celebration of the Assembly.

Bilbao, 21 September 2008

President
Mr Fernando García Macua

Secretary
Ms Monica Durango