Presentation. Contents

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1 Presentation Contents President s presentation... 2 Director s presentation... 4 Management board... 7 List of presidents... 9 List of directors... 11

2 President s presentation The Port Authority of Santa Cruz de Tenerife continues to face the same ups and downs than in recent years: loss of income because of the necessary traffic bonuses with the Canary Islands, strong competition by the immediate environment and above all, the serious effects, resulting from the financial crisis we are going through, on the global maritime activity. However, the current strength of cruise tourism traffic has placed us as the third Spanish port in this segment, with over one million visitors a year. In addition we keep strong leadership on passenger traffic and vehicles. The resulting outcome of this situation is that we have not lost competitiveness, since we still occupy the seventh place in the whole of the twenty-eight Spanish port authorities and we maintain, not without difficulty, the surplus at the close of the fiscal year. This short summary shows that the present moment is not easy. Not for anyone, not for people or for institutions, not even for States. Yet we know that the best solution for the current recession is preparing the future, being conveniently positioned when the current economic phase revert its tendency towards growth. Based on this criterion, Ports of Tenerife launched in 2011 a plan of investment and infrastructure improvement program which is beginning to bear fruit in We have a latest generation scanner for containerized traffic control, an essential tool to operate with the main ports in the world, especially in the North American ones. By 2013, the second container terminal will be operating. We hope that this will translate into increased competitiveness of our facilities in the international transfer market, with a total of over 250,000 square meters in use for this activity at the capital s port. The last step and the most important one is the operation of the new port in Granadilla, in 2014.This facility will be complementary to that in Santa Cruz de Tenerife and aims to provide, first, a new industrial support for our economy through gas facilities for the production of electricity. Second, there will be a new area devoted to container traffic, extending the present area 260,000 square meters.

3 If, ultimately, we can maintain our current position on cruise ships and passenger traffic and become an attractive center for international freight traffic, we will have a solid foundation to face the future when the economy rebounds. Social peace in our ports, high quality stowage, proximity to Africa, high quality of complementary services and legal security are our most important assets. Pedro Rodríguez Zaragoza President

4 Director s presentation Traffic forecasts continue to be uncertain against the backdrop of the current crisis and the impact it is having on port traffic. This demands strategies which err on the side of caution to ensure a safe future for our community. In 2011, the ports that make up the Port Authority of Santa Cruz de Tenerife registered increases in regular line passenger traffic figures, numbers of passenger vehicles and cruise traffic. Our Port Authority continues to be ranked among the leading Spanish ports in passenger numbers and these figures continue to rise year after year. In 2011, the number of people who used our ports rose by 5.74% to 5,073,436 passengers, compared to 4,798,174 passengers in The number of passenger vehicles went up by 4.4% to 840,000 during the year. In terms of cruise traffic, a total of 467 vessels called at our ports which represented a 20.67% increase over These vessels brought a total of 828,000 cruise passengers to Tenerife's ports, i.e. an 11.9% increase compared to the previous year. Cruise traffic is one of the Canary Islands' mainstays. In fact, it was Europe's third most popular cruise destination with 1.3 million tourists in Over the next few years, forecasts for international cruise traffic are set to grow further and the Canary Islands aims to exploit this potential to the full. Ports of Tenerife will undoubtedly contribute to this upward trend. In 2012, a total of 553 cruise ships are set to call at our ports carrying some 929,000 cruise passengers, which will once again make figures rise sharply. The Port Authority is working hard to streamline security services and provide suitable infrastructure in order to cater for tourist demand in the interests of the Canary Islands. Over the last few years, general cargo traffic has increased progressively. In 2011, throughput rose to 5,793,142 tonnes which represented a minimum increase of 0.2% compared to the previous year when 5,782,314 tonnes were handled. Goods traffic as a whole, including bulk, fell sharply at the Ports of Tenerife, with a decrease of 7.49% over the previous

5 year. This represented a drop in throughput of 1,191,074 tonnes. Despite this transitory global crisis, we need to look to the future. In our commitment to be first off the starting block in competing for traffic, we have tendered the operation of a new container terminal which will also enable free competition in our ports. This new container terminal on the East Breakwater has a surface area of 152,804 square metres which was constructed in the second phase of the project. The tender, which was awarded in the first few months of 2012, will improve the Port of Santa Cruz de Tenerife's position in other areas of its strategic hinterland, such as North Africa, and will increase its presence in new markets or in areas in which it already has a foothold but does not have a significant market share. In 2011, the Port Authority also got behind another venture which is directly related to container traffic with efforts being made to undertake the relevant procedures to install a container scanner. This non-intrusive inspection tool will speed up goods inspection procedures with the resulting benefits for the entire port community. Work on building this infrastructure and installing the scanner will be completed during We are also working to bring a new Port Inspection Centre into operation to streamline goods clearance services at the Port of Santa Cruz de La Palma and make them more efficient. This Centre will be used by the Plant Health Department to carry out phytosanitary inspections and ensure strict goods control. The Customs service will also be housed in these facilities. Finally, I would like to mention that the construction of the Port of Granadilla has always been a priority for our Port Authority. Now that the legal and environmental obstacles have been overcome, progress is being made towards building the port by assigning the corresponding funding for the next few years. Planning tools include the favourable Board of Directors' report for the Port Area Usage Plan at the Port of San Sebastián de La Gomera, which passed the public consultation phase at the start of 2011.

6 In conclusion, we are hopeful about the future and will continue to work hard during the coming period, adapting to the difficulties posed by the current economic climate to ensure the maximum efficiency of our ports, and to create wealth and business opportunities for our environment. Marcos Hernández Acosta Director

7 Management board D. Pedro Rodríguez Zaragoza President of the Port Authority of Santa Cruz de Tenerife Antonio Manuel Padrón y Santiago Harbour Master of Santa Cruz de Tenerife Marcos Hernández Acosta Director of the Port Authority of Santa Cruz de Tenerife Carlos Hernández Rivera Lawyer at the National Legal Services Office in Santa Cruz de Tenerife Julián Maganto López Representative of State Ports in the Management Board of the Port Authority of Santa Cruz de Tenerife Salvador García Llanos Representative of State Ports in the Management Board of the Port Authority of Santa Cruz de Tenerife Javier González Ortiz Representative of the Regional Government of the Canary Islands in the Management Board of the Port Authority of Santa Cruz de Tenerife Dª Pilar Parejo Bello. Representative of the Regional Government of the Canary Islands in the Management Board of the Port Authority of Santa Cruz de Tenerife Eduardo Álvarez Hamilton Representative of the Regional Government of the Canary Islands in the Management Board of the Port Authority of Santa Cruz de Tenerife Francisco Hernández Spínola Representative of the Regional Government of the Canary Islands in the Management Board of the Port Authority of Santa Cruz de Tenerife

8 Ricardo Melchior Navarro Representative of the Island Council of Tenerife in the Management Board of the Port Authority of Santa Cruz de Tenerife Anselmo Pestana Padrón Representative of the Island Council of La Palma in the Management Board of the Port Authority of Santa Cruz de Tenerife Casimiro Curbelo Curbelo Representative of the Island Council of La Gomera in the Management Board of the Port Authority of Santa Cruz de Tenerife José Manuel Bermúdez Esparza Representative of the City Council of Santa Cruz de Tenerife in the Management Board of the Port Authority of Santa Cruz de Tenerife Sergio Carlos Matos Castro Representative of the City Council of Santa Cruz de La Palma in the Management Board of the Port Authority of Santa Cruz de Tenerife Ignacio González Martín Representative of the Official Chamber of Commerce, Industry and Navigation of Santa Cruz de Tenerife in the Management Board of the Port Authority of Santa Cruz de Tenerife José Carlos Francisco Díaz Representative of the Confederation of Entrepeneurs and prominent economic sectors from the port field in the Management Board of the Port Authority of Santa Cruz de Tenerife Antolín Goya González Representative of the Sindical Organizations prominent in the port field in the Management Board of the Port Authority of Santa Cruz de Tenerife Rosario Arteaga Rodríguez Board secretary

9 List of presidents Manuel de la Cámara Rafael Hardisson Pedro Schwartz Eloy Sansón y Pons Fernando Salazar Ramón Gil-Roldán Manuel Savoile Julio Fernández del Castillo Álvarez Luis Moreno Francisco La Roche C. J. R. Hamilton Lorenzo Martínez

10 Cándido Luis García Alonso Rodríguez Azero Gabino Jiménez Francisco Trujillo Julio Pérez Guillermo Bencomo Pedro Anatael Meneses Pablo Montoro Luis Suárez Trenor Pedro Rodríguez Zaragoza 2007

11 List of directors Pedro Mattos Massieu October August 1917 Antonio Pérez Núñez September January 1920 Rafael Clavijo y Aznar de la Torre May July 1921 Vicente Núñez Cabañas March August 1926 Julio Diamante Menéndez October March 1928 Rafael de Villa Calzadilla (interin) March May 1928 Juan José Luque Argenti June November 1928 José Ochoa Benjumea (interin) December May 1931 Juan José Luque Argenti May December 1933 Miguel Pintor González (interin) December February 1934 José Calabrús Risquez February November 1935 Miguel Pintor González (interin) November January 1936 José Núñez Casquete January April 1936 Miguel Pintor González (interin) April June 1936

12 Emilio Azarola Gresillón July October 1942 Miguel Pintor González October May 1974 José Luis López Páramo June August 1976 Miguel Pintor Domingo (interin) September December 1976 Ernesto Rumeu de Armas December December 1984 Miguel Pintor Domingo (interin) January April 1985 Juan Argenti Ulloa May September 1987 Ricardo Sánchez García (interin) October January 1988 Miguel Pintor Domingo February May 1988 Luis Lara Rubido July June 1990 Miguel Pintor Domingo June February 1997 Manuel Fdez. del Castillo y Massieu February February 2004 José Miguel Pintado Joga February 2004 December 2005 Marcos Hernández Acosta December 2005

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