General Assembly

Athletic Club’s Board of directors have agreed, in accordance with Articles 19, 23 and 54.2 of the Social Statutes, to call upon Athletic Club members and associate members to attend the General Ordinary Assembly, which will take place at Bilbao’s Euskalduna Palace on Monday, 10 October 2011, the 1st session is at 19:15 hours and the 2nd at 19:15 hours, the agenda is the following:

AGENDA

FIRST: Approval, where appropriate, of Annual Report, Balance and the Board of directors Management accounts, corresponding to the last fiscal year.

SECOND: Approval, where appropriate, of Proposed Budget for the upcoming fiscal year, including the proposal of the adjustment of fees.

THIRD: The Board of Directors projects and proposals.

FOURTH: Member proposals, having been presented in writing and five days before the Assembly date, and on the condition that they have been signed by 10% of the Assembly members or 2% of the Members with the right to vote.

FIFTH: Motions and queries.

Members are hereby informed of the following extremes:

First: In accordance with Article 27 of the Social Statutes in effect, the Assembly shall be considered validly constituted if at least 50% of its members attend the first call. In the second call, a 10% attendance rate is sufficient.

Second: In accordance with Article 31 of the Social Statutes, the required Assembly documentation or Annual Reports are available for viewing by members at the Club’s registered office.

Third: Voting will commence once the mentioned Assembly has been officially constituted and will cease after a prudent period following the completion of the various speeches.

Fourth: In accordance with that stipulated in Article 25 of the Social Statutes, the presentation of ID cards is required in order to access the venue assigned to hold the Assembly

In Bilbao, 22 September 2011

President
Mr. Josu Urrutia Telleria

Secretary
Mr. Javier Alcazaba Etxebarria