· The net attributable profit was 58 million euros, the second highest

· Uralita?s net attributable profit Compound Annual Growth Rate

· Uralita maintains a solid balance sheet, and its debt is only 1.2

· Over the recent years, Uralita has diversified its activity both in

Madrid, 7th of November 2008 - Uralita has practically maintained sales over the first

nine months of 2008 compared to an exceptional 2007. In a context of international

financial crisis affecting the construction activity, Uralita?s sales reached 792.4 million

euros, only 4% below the same period of 2007. It was possible to achieve this figure

because of the company?s drive for internationalization in its insulation business and

because of the performance of its Iberian businesses (Gypsum, Roof tiles and Piping)

which, in an adverse macro-economic situation, are doing better than the industry?s

average thanks to its leadership positions.

Uralita?s EBITDA was 133 million euros, representing a 26% reduction compared to the

same period in 2007. This decrease was due to an activity contraction, price reductions

in some countries and to the difficulty to transfer cost increases to the final customer.

However, the strength of its balance sheet, the low debt levels and the lower tax

burden in Spain and Germany have enabled Uralita to recover part of this fall at the

level of net attributable profit, which was 58 million euros between January and

September 2008. This figure was the second highest in Uralita?s history for the third

quarter, only behind the exceptional 2007.

Despite Uralita?s reduction in net attributable profit caused by the tough comparison

with an extraordinary 2007, the evolution of the key figures is in line with company?s

plans. Hence, if the period between 2005 and 2008 is considered, the net attributable

profit Compound Annual Growth Rate (CAGR) in the third quarter is 29%,

demonstrating the strength of Uralita?s businesses.

It is important to point out that the company is currently enjoying a sound financial

situation. Uralita?s net debt is at quite low levels and it currently stands at 1.2 times

EBITDA.

In this context, Uralita is pursuing two main lines of action. First, it is boosting growth in

regions or products with a positive outlook. In this sense, Uralita continued with its

international diversification strategy with the entrance of the Turkish market, through

the acquisition of Özpor?s glass wool insulation business and continued developing

new capacity especially in its insulation business.

Second, it is focusing in cash flow generation. Uralita?s businesses are working to

adjust the available capacity to a scenario of lower demand, to control costs tightly and

to reduce working capital through careful management of clients and stocks.

Uralita is a Spanish building materials multinational founded in 1907. Nowadays, it operates in

35 countries and it has 40 factories in Europe and is currently building five new plants. The

company?s strategic business areas are Insulation (under the URSA® brand), Gypsum (under

Pladur® and Algiss® brands), Roof tiles (under the Cobert® brand) and Piping (under the

Adequa® brand). Uralita is the leading light building materials company in the Iberian Peninsula,

and is the third European insulation producer. The company has 4,059 employees (December

2007).

For more information please contact:

Gonzalo Torres / José Luis González

gtorres@gavinanderson.es

jlgonzalez@gavinanderson.es

Phone: + 34 91 702 71 70

Mobile: +34 610275845 / + 34 661850384

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