Euskaltel S A : OTHER RELEVANT INFORMATIONCall to the Annual General meeting of Shareholders Euskaltel.

EUSKALTEL, S.A. (Euskaltel or the Company), in accordance with the provisions of Article 228 of the revised text of the Securities Market Act approved by Royal Legislative Decree 4/2015 of 23 October, hereby notifies the following

OTHER RELEVANT INFORMATION

The Board of Directors of Euskaltel, S.A., in its meeting of 28 April 2021, has resolved to call the Annual General Meeting of Shareholders to be held at the registered office, located in Derio, Biscay, at Parque Tecnológico-Teknologi Elkartegia, Edificio 809, on 2 June 2021 at 11:00 on first call, or if the required quorum is not met, then on second call, the next day, 3 June 2021, at the same place and the same time, to deal with the matters included in the attached text of the call.

Bearing in mind that, as of the date of the call to the General Meeting, the risk to human health linked to the spread of the SARS-CoV-2 coronavirus, transmitter of the disease known as "COVID-19", persists, the Company's Board of Directors has agreed that the Annual General Meeting of Shareholders shall be held behind closed doors, exclusively on-line, i.e. without the physical attendance of shareholders or their representatives or guests, in accordance with article 3 of Royal Legislative Decree 34/2020 of 17 November, as amended by Royal Legislative Decree 5/2021 of 12 March.

For this purpose, attached to this communication are the following documents:

1. Full text of the notice of call of the Annual General Meeting of Shareholders.
2. Proposals of agreements that will be submitted to the approval of the General Shareholders' Meeting.
3. Reports of the Board of Directors and of the Committees of the Board of Directors that are legally required or that have been otherwise considered convenient.

The call to meeting, the referred proposed resolutions and reports and the remaining documentation and information related to the call of meeting are available to the shareholders at the Company's registered office for the exercise of their right to information. Likewise, said documentation is accessible by electronic means through the Company's corporate web page, www.euskaltel.com.

Finally, it is reported that the Annual Financial Report, which includes the individual and consolidated annual accounts, the individual and consolidated management reports (containing the Consolidated Statement of Non-Financial Information), the respective auditors' reports and the Responsible Company Report for the financial year 2020, as well as the Annual Corporate Governance Report and the Annual Directors' Remuneration Report, have already been submitted to the National Securities Market Commission and have also been made available to the shareholders on the Company's website, together with the applicable rules and regulations and the forms for exercising shareholders' rights, for the financial year 2020, have already been submitted to the National Securities Market Commission and have also been made available to the shareholders on the Company's website, together with the applicable rules and regulations and the forms for the exercise of information, proxy and remote voting rights by shareholders and for access to the Electronic Shareholders' Forum.

En Derio, a 29 April 2021.

EUSKALTEL, S.A.

José Ortiz Martínez

Non-director Secretary of the Board of Directors

General Meeting of Shareholders

2021

Call to meeting

EUSKALTEL, S.A.

ANNUAL GENERAL MEETING OF SHAREHOLDERS

Place, date and time of the meeting

The Board of Directors of Euskaltel, S.A.("Euskaltel" or the "Company") has resolved to call the Annual General Meeting of Shareholders to be held at the registered office (located in Derio, Biscay, at Parque Tecnológico-TeknologiElkartegia, Edificio 809), on 2 June 2021 at 11:00 on first call, or if the required quorum is not met, then on second call, the next day, 3 June 2021, at the same place and time. Although two calls are provided for, it is expected that the required quorum will be met on first call, for which reason the Annual General Meeting of Shareholders will in all likelihood be held on 2 June 2021, unless the shareholders are advised otherwise on the corporate website (www.euskaltel.com) and in the daily press.

Bearing in mind that, as of the date of the call to the General Meeting, the risk to human health linked to the spread of the SARS-CoV-2 coronavirus, transmitter of the disease known as "COVID-19", persists, the Company's Board of Directors has agreed that the Annual General Meeting of Shareholders shall be held behind closed doors, exclusively on-line, i.e. without the physical attendance of shareholders or their representatives or guests, in accordance with article 3 of Royal Legislative Decree 34/2020 of 17 November, as amended by Royal Legislative Decree 5/2021 of 12 March.

The foregoing is intended to avoid:

1. On the one hand, risks to the health of the Company's shareholders and their proxy representatives, which, as a result of the health crisis deriving from COVID‒19, continue to exist; and
2. On the other, discriminatory situations that prevent effectively guaranteeing equal treatment between those shareholders who can freely move among Autonomous Communities on the date of the Annual General Meeting of Shareholders, and those shareholders who are affected by geographic or other lockdowns as a result of the restrictions that may be imposed on mobility in certain regions, due to a resurgence of the COVID-19 contagion.

Without prejudice to the foregoing, in order to ensure the orderly conduct of the Annual General Meeting of Shareholders, the Chair of the Board of Directors, who will also be the Chair of the General Meeting, the CEO and the Secretary of the Board of Directors, accompanied by the Notary who has been requested to prepare the minutes of the General Meeting and any necessary support staff may attend the place where the General Meeting will be held, observing the required safety and distancing measures.

The other members of the Company's Board of Directors will attend the meeting, which will be considered to be held at the registered office regardless of the location of the Chair of the Meeting, by audio-conference or video-conference.

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The ability of the shareholders to attend and vote at a General Meeting of Shareholders in real time through remote means of communication is expressly provided for in articles 28, 31 and 38 of the Bylaws and in the Additional Provision of the Regulations for the General Meeting of Shareholders.

Pursuant to the current Additional Provision of the Regulations for the General Meeting of Shareholders: "Shareholders with the right to attend may attend the General Meeting of Shareholders using on-linemeans that allow their connection in real time with the venue or venues in which the General Meeting of Shareholders is held, provided that this is so approved by the Board of Directors as allowed by the state of art, pursuant to the provisions of article 31 of the Bylaws and without prejudice to the right of the shareholders to cast an absentee vote as provided in article 26 of these Regulations".

Furthermore, pursuant to the provisions of article 28 of the Bylaws: "In cases of on-lineattendance at the General Meeting [...] the call to meeting shall describe the deadlines, forms and manners of exercising the rights of shareholders provided for by the Board of Directors to allow for the orderly conduct of the General Meeting"".

The means for exercising shareholders' rights are those provided for in this call to meeting, which, together with the instructions published on the Company's corporate website (www.euskaltel.com), will ensure the effective exercise of the shareholders' rights to information, attendance and voting and equal treatment among shareholders in the same position.

Agenda

Items relating to the annual accounts, company management and the statutory auditor

1. Examination and approval of the individual annual accounts of Euskaltel and the consolidated annual accounts of Euskaltel and subsidiaries for the financial year ended 31 December 2020.
2. Examination and approval of the individual management report of Euskaltel and the consolidated management report of Euskaltel and subsidiaries for the financial year ended 31 December 2020.
3. Examination and approval of the Consolidated Statement of Non-Financial Information of Euskaltel and subsidiaries for the financial year ended 31 December 2020.
4. Examination and approval of company management and of the activities of Euskaltel's Board of Directors during the financial year ended 31 December 2020.
5. Re-electionof KPMG Auditores, S.L. as auditor of the individual annual accounts of Euskaltel and as auditor of the annual accounts of the consolidated group made up of Euskaltel and subsidiaries for the 2021 financial year.

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