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FY25 RESULTS PRESENTATION FINANCIAL RESULTS | FEBRUARY 2026
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01 _ KEY HIGHLIGHTS 02 _ AEDAS TRANSACTION UPDATE 03 _ FY25 RESULTS REVIEW 04 _ KEY TAKEAWAYS 05 _ APPENDIX INDEX 2 FY25 Results Presentation I February 2026 Térmica Beach, Málaga (JV with Ginkgo)
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Paterna Homes, Valencia (JV with Ameris) 3 FY25 Results Presentation I February 2026 KEY HIGHLIGHTS 01 _
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FY25 Results Presentation I February 2026 4 BUILDING THE NATIONAL CHAMPION IN A HIGHLY FRAGMENTED MARKET Transformational year while delivering on guidance HALO (Heavy Assets, Low Obsolescence) Leading in a structurally scarce market Created the National Champion through consolidation leadership 01_FY25 Results Review 03_Residential Market 02_AEDAS Acquisition Capturing structural growth through disciplined, equity efficient execution 04_Capital Allocation
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5 1. Includes 100% of JVs with AEDAS preliminary land bank. 2. Applied to units pending commercialization on a comparable basis . 3 . Net pre - sales stood at 2,788# - excludes AEDAS. 4. Adjusted for one - offs. 5. Adjusted for year - end treasury share position. 6. C onsiders €92mn liability related with shareholder distribution paid on 12 February 2026. 7. Excludes AEDAS impact from 22 December 202 5. 8. JVs valued at NAV. DEVELOPMENT ACTIVITY 1 FINANCIALS c38,000# TOTAL LAND BANK 24,719# ACTIVE 8,909# ( €3.2 bn) ORDERBOOK 4 - 5% HPA 2 c24,200# OWNED LAND BANK 12,631# WIP & FP 2,927# DELIVERIES 2,837# GROSS PRE SALES 3 €697mn TOTAL REVENUES 7 €70mn NET INCOME 4,7 €1,124mn ADJ. NET DEBT 6 €3,227mn GAV €110mn EBITDA 7 (€0.70/ sh ) EPS 4,5,7 35.9% LTV 6,8 €1,888mn (€19.14/ sh ) NAV 5,6 FY 25 RESULTS : OPERATIONAL AND FINANCIAL SNAPSHOT FY25 Results Presentation I February 2026
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A Highly Fragmented Residential Market with 90 - 100k annual output ( ‘000# delivered 1 ) 0.6 1.1 1.2 1.5 1.8 2 2.3 5 - 7 Culmia Acciona Amenabar Kronos Pryconsa MVC Via Celere Neinor 6 DISCIPLINED, EQUITY EFFICIENT AND ACCRETIVE GROWTH IN A HIGHLY FRAGMENTED MARKET 1. 2024 deliveries for selected peers and Neinor’s target including asset management business. 2. Included AEDAS preliminary land bank. Source: Neinor Homes. FY 25 Results Presentation I February 2026 2025 2023 Strategic Plan (2023 - 27) (Mar - 23) 2024 JV with Bain Capital (Sep - 24) AEDAS Acquisition (Jun - 25) 1,283 4,146 5,907 14,600 3,627 6,040 9,994 23,000 8,909 12,631 24,719 38,000 Orderbook WIP & FP Active Total Land Bank 2023 2024 2025 +6.9x +3.0x +4.2x +2.6x Main Operating KPI’s 2 Selected peers: 10.5k deliveries
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1. Owned portfolio. 2. Inventory value which includes land, capex and other capitalized expenses. Source: Neinor Homes. 7 HIGH QUALITY LAND BANK ACQUIRED AT ATTRACTIVE COST AND WITH THE MOST RESILIENT CLIENT PROFILE FY 25 Results Presentation I February 2026 Land Bank 1 GAV by Region Top - 8 Provinces Represent +80% of GAV GAV >€100mn (81% GAV) GAV €30 - 100mn (15% GAV) GAV <€30mn (4% GAV) 27% 5% 10% 5% 7% 18% 4% <1% <1% 2% <1% 2% 1% <1% 3% <1% <1% <1% <1% 1% 1% <1% 2% 1% <1% 2% 5% <1% Quality Portfolio Bought At Attractive Levels Book Value 1,2 c.€2.5bn GDV 1 c.€10bn 6.8 7.1 7.3 7.4 7.1 7.3 7.8 5.0 5.2 5.3 5.1 5.1 4.7 4.8 2019 2020 2021 2022 2023 2024 2025 Spain Neinor Evolution of House - Price - to - Income (years) Focusing on the Medium - high Segment of Housing Demand
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1.1 2.0 0.5 0.4 0.2 0.4 8 SPAIN CONTINUES TO BE ONE OF THE SAFEST RESIDENTIAL MARKETS WORLDWIDE SHOWING SUSTAINABLE GROWTH Source: Bloomberg consensus, ECB, OECD, Eurostat, BoE, Freddie Mac, Ministerio de Vivienda and Statistics from the different countri e s. FY 25 Results Presentation I February 2026 Mortgage rates in Spain are c.2% fixed for 30Ys vs 4 - 6% in UK at much shorter periods (2 - 5 years) 2.3 1.0 1.0 2.4 1.9 1.4 1.5 2.0 Spain UK Germany US 2026 2027 Spain’s GDP expected to grow at c.2% annually, above the Eurozone average c.500k jobs added in 2025, lowering unemployment rate and boosting consumer confidence and spending GDP Growth Job Market Household Debt Mortgage Rates Population Growth New Supply Household debt to GDP stands at 20 - year lows 500k population growth in 2025, +2mn since 2019 and reaching 50mn total inhabitants New supply per capita is roughly the same for Spain vs UK and Germany, after several years below 44 49 74 68 2000Q4 2006Q4 2012Q4 2018Q4 2024Q4 2.6 3.7 4.2 6.2 Jan-03 Feb-05 Mar-07 Apr-09 May-11 Jun-13 Jul-15 Aug-17 Sep-19 Oct-21 Nov-23 Dec-25 GDP Growth Forecasts (%) Job Market Growth (2019Q1 - 2025Q3;%) Household Debt (%) Avg. Cost of Debt (%) Population Growth (YoY;%) New Supply per Capita (%) 15.0 2.4 8.8 Spain Germany Euro area Spain Germany UK US
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9 SPANISH RESI OFFERS AN OPPORTUITY BEYOND MACRO CYCLES WITH +800K ACCUMULATED PRODUCTION DEFICIT Source: INE and MiTMA . FY 25 Results Presentation I February 2026 117 33 91 43 95 122 71 65 311 265 136 258 35 42 38 49 59 72 78 84 80 80 87 84 +800 0 100 200 300 400 500 600 700 800 900('000) Net new households Housing Completions Housing Deficit Net Household Formation vs Housing Completions (2014 – 2025)
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AEDAS TRANSACTION UPDATE Kyrenia , Madrid 10 02 _ FY25 Results Presentation I February 2026
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✓ Board restructured, with Neinor appointed directors, strengthening governance alignment 11 SUCCESSFUL TRANSACTION: FULL CONTROL OF AEDAS SECURED IN 8 MONTHS FY25 Results Presentation I February 2026 …with Operational Control secured by 9 February 2026 ✓ Refinanced €325m of AEDAS’ bonds redeemed via Apollo funding ✓ Full operational control assumed under a long - term management agreement, unlocking synergies ✓ AEDAS’ shareholder remuneration policy cancelled Debt Refinancing BoD Changes Management Control Sh. Remuneration Policy 5 - 6 March (expected) MTO Results 9 February Reorganization of the BoD 18 September FDI Authorization 3Q25 4Q25 1Q26 2Q25 16 June M&A Announcement 26 November VTO Approval 17 December Neinor joins AEDAS’s BoD 28 January MTO Approval 19 December Subscription Apollo debt for settlement 25 June ABB €228mn 26 September CNMV Authorization 20 October EGM Approval €100mn Bond Tap 23 October ABB €140mn Transaction Successfully Closed on 17 December 2025… Source: CNMV and Neinor Homes.
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FY25 RESULTS REVIEW Paseo Berrocales (JV with Habitat), Madrid 12 03 _ FY25 Results Presentation I February 2026
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13 1. Fully owned portfolio including BTR notarizations. 2. Adjusted for one - offs. 3. Includes 26# from AH portfolio since the closing of the transaction. 4. Considering only recourse debt and the €92mn distributed to shareholders on 12 February 2026. 5. With JVs val ued at NAV. Key Highlights (€ mn , unless stated otherwise ) FY25 Guidance FY25 Ex - AH FY25 Actual Deliveries 1 (#) c.2,000# 1,891# 1,917# Total Revenues 600 - 700 697 709 Gross Margin 24 - 25% 27% 27% EBITDA 100 - 110 110 109 Net Income 2 65 70 122 Adj. Net Debt n.a. 228 1,124 LTV (%) 20 - 25% 16% 36% 5 ▪ Deliveries: Notarized 1,917# (1,565# 3 BTS|352# BTR) from fully owned portfolio and 1,010# from Asset Management ▪ Operational Results: Revenues and EBITDA at high - end of guidance with solid gross margin of 27% ▪ Net Income: c.7% beat driven by financial cost optimization and lower effective tax rate ▪ Net Debt: Conservative LTV at 16% 4 below 20 - 30% target ▪ AEDAS FY25 impact (79.2% acquired in December): ▪ P&L: - €1mn EBITDA; € 63mn PPA net of transaction costs ▪ Balance Sheet: Global consolidation method ▪ LTV: 36% considering AEDAS under th e 3 7.5 - 40 % target FY25 RESULTS REVIEW: HIGH - END OF GUIDANCE ACHIEVED WHILE EXECUTING STRATEGIC M&A TRANSACTION FY25 Results Presentation I February 2026
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14 A LONG STANDING EXECUTION TRACK RECORD, BEST IN CLASS PROFITABILITY AND SHAREHOLDER RETURNS Source: Neinor Homes. FY25 Results Presentation I February 2026 Highly Industrialized and Scalable Business Model We buy land with discipline We build quality homes +16,000# delivered with c.38,000# Land Bank 2017 - 25 Total Revenues +€5,000mn EBITDA +€900mn Net Income +€600mn Sh . Distributions +€600mn Delivering Best - in - Class Margins and Solid Cash Flow Generation Driving Unparalleled Sh. Returns 1,070 858 Market Cap (Mar-23) Shareholder Distributions 2023-27 (€mn) 0.81 1.62 Strategic Plan Guidance EPS 2025 Updated Plan EPS (€/sh) To return 80% of market cap in 5Ys… …while doubling EPS
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KEY TAKEAWAYS 04 _ 15 Torre Mare (JV with Habitat), Malaga FY25 Results Presentation I February 2026
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FY25 Results Presentation I February 2026 16 UNIQUE HALO POSITIONING – BUILT TO LEAD THE TRANSFORMATION OF SPANISH RESIDENTIAL Heavy Assets & Low Obsolescence in a business with high visibility and cash flow generation Structurally undersupplied market with conservative leverage and healthy affordability Largest and highest quality land bank in a market where fully permitted land is scarce 01_HALO Positioning 03_Residential Market 02_Quality Portfolio Scaling platform through decisive capital allocation 04_Future Opportunities
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17 05 _ APPENDIX Freya, Madrid FY25 Results Presentation I February 2026
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18 (€mn, unless stated otherwise) 2021 2022 2023 2024 2025 6 2017 - 25 YoY (%) 2024 - 25 Development 1 889.2 753.6 590.7 491.8 678.3 4,961.6 38% Services 2 26.8 11.5 3.3 10.3 19.1 187.9 85% Total Revenues 916.0 765.1 594.0 502.1 697.5 5,149.5 39% COGS - 671.3 - 569.6 - 420.1 - 358.9 - 509.3 - 3,695.7 42% Gross profit 244.7 195.5 173.9 143.2 188.1 1,453.8 31% Margin (%) 26.7% 25.5% 29.3% 28.5% 27.0% 28.2% - 5% Operating expenses - 67.0 - 40.1 - 21.4 - 25.5 - 39.1 - 308.4 53% Overheads & other - 36.2 - 30.1 - 23.2 - 26.7 7 - 37.4 - 285.8 40% Developer BTR margin 16.5 21.0 6.8 6.8 - 1.4 49.7 N.M. JV associates 0.0 0.0 0.0 4.3 0.0 4.3 N .M EBITDA 158.1 146.3 136.1 102.1 110.3 913.6 8% Margin (%) 17.3% 19.1% 22.9% 20.3% 15.8% 17.7% - 22% One - offs 3 - 8.5 - 6.1 - 8.7 - 8.6 54.9 - 6.9 N.M. EBITDA w/ one - offs 149.6 140.2 127.4 93.5 165.1 906.7 77% D&A & other - 7.8 - 1.0 - 8.7 - 4.4 - 5.0 - 38.1 13% EBIT 141.8 139.1 118.7 89.1 160.1 868.5 80% Net financial expenses - 18.7 - 19.6 - 19.2 - 12.3 - 21.4 - 124.8 74% EBT 123.1 119.5 99.5 76.7 138.7 743.8 81% Corporate income tax - 20.3 - 22.9 - 8.1 - 14.4 - 15.3 - 113.3 7% Net income 102.9 96.6 91.4 62.4 123.4 630.5 98% Adj. net income 3 109.4 100.9 98.6 68.8 69.5 644.9 1% Adj. EPS 3,4 1.4 1.4 1.3 0.9 0.7 8.4 - 24% DPS 5 0.5 1.3 0.5 2.4 2.1 5.8 35% APPENDIX: INCOME STATEMENT 1. Development includes construction, land sales, rental property and other revenues . 2. Includes the servicing contract with Kutxabank, Renta Garantizada and Asset Management business . 3. Non - recurrent items . 4. Adjusted for treasury share position. 5. Dividends declared . 6. Excludes AEDAS impact. 7. Includes €8.3mn from Habitat PPA. Source: Neinor Homes. FY25 Results Presentation I February 2026
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19 NEINOR NEINOR GUIDANCE (€mn, unless stated otherwise) 2021 2022 2023 2024 2025 YoY (%) 2024 - 25 Investment property 105.6 143.7 148.7 131.7 56.3 - 57% Other non - current assets 36.7 56.8 51.3 68.7 238.0 247% Deferred tax assets 98.3 94.8 105.6 93.0 152.4 64% Non - current assets 240.7 295.2 305.6 293.4 446.7 52% Inventories 1,322.7 1,129.1 1,012.4 935.7 2,470.9 164% Other current assets 93.7 96.6 139.2 127.8 210.4 65% Cash & equivalents 309.6 227.5 188.4 368.4 802.7 118% Current assets 1,726.0 1,485.8 1,340.0 1.431.9 3,484.0 143% Total assets 1,966.7 1,781.0 1,645.6 1.725.3 3,930.7 128% Equity 944.5 930.0 978.0 861.7 1,380.5 60% Bank borrowings 44.8 68.4 163.5 41.0 21.0 - 49% Other non - current liabilities 304.1 293.3 16.5 333.9 806.5 142% Non - current liabilities 348.9 361.6 179.9 374.9 827.4 121% Bank borrowings 213.9 128.7 220.1 153.3 419.5 174% Creditors 348.4 286.7 207.3 268.7 826.8 208% Other current liabilities 111.0 74.0 60.2 66.7 476.5 614% Current liabilities 673.3 489.4 487.7 488.7 1,722.7 253% Total liabilities 1,022.2 851.0 667.6 863.6 2,550.2 195% Shares outstanding YE (mn) 80.0 80.0 75.0 75.0 98.9 32% Treasury shares (mn) 3.6 5.7 0.5 0.4 0.2 - 39% APPENDIX: BALANCE SHEET Source: Neinor Homes. FY25 Results Presentation I February 2026
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20 (€mn, unless stated otherwise) 2021 2022 2023 2024 2025 YoY (%) 2024 - 25 EBT 123.1 119.5 99.5 76.7 137.2 79 % Adjustments 50.3 14.8 19.4 22.8 - 40 . 4 N.M. CF from operating activities 173.5 134.3 119.0 99.6 96.7 - 3% Working capital change - 19.0 57.1 - 22.2 - 29.8 - 772.0 N.M. Change in inventories 136.5 147.9 26.4 41.1 - 447.9 N.M. Book value sold 671.3 569.6 399.6 306.4 505.7 65% Land acquisition & other land capitalized costs - 199.2 - 30.1 - 9.3 - 93.8 - 740.0 689% Capex & others - 335.6 - 391.7 - 363.9 - 171.5 - 213.6 25% Other WC change - 155.5 - 90.8 - 48.7 - 70.9 - 324.1 357% Net operating cash flow 154.5 191.4 96.7 69.8 - 675.3 N.M. CF from investing activities - 43.8 - 7.8 81.0 - 2.5 38.0 N.M. CF from financing activities - 9.8 - 134.7 - 178.3 215.6 827.5 284% Change in bank borrowing & other - 40.2 - 108.9 - 93.5 208.8 480.3 130% Change in deferred land debt 50.7 - 5.3 - 82.6 0.0 0.0 N.M Net financial costs - 18.5 - 19.6 - 5.1 0.0 0.0 N.M Proceeds from leasing & other - 1.8 - 0.9 2.9 6.7 347.2 N.M. FCFE 100.9 48.9 - 0.5 282.9 190.3 - 33% Shareholder remuneration - 81.5 - 117.0 - 35.0 - 114.1 - 154.7 36% Cash BoP 270.2 309.6 227.5 188.4 368.4 96% Net FCFE 19.4 - 68.1 - 35.5 168.8 35.5 - 79% Change in cash non - available 20.0 - 14.1 - 3.7 11.2 398.8 N.M. Cash EoP 309.6 227.5 188.4 368.4 802.7 118% APPENDIX : CASH FLOW STATEMENT Source: Neinor Homes. FY25 Results Presentation I February 2026
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21 (€mn, unless stated otherwise) 2021 2022 2023 2024 2025 YoY (%) 2024 - 25 Gross debt 646.7 555.6 388.0 577.7 1,726.4 199% Non - current liabilities 342.5 358.7 164.5 360.1 741.6 106% Bank borrowing 44.8 84.7 163.5 360.1 741.6 106% Corporate financing 0.0 20.0 138.9 319.1 720.6 126% Other non - current financing 44.8 64.7 24.5 41.0 21.0 - 49% Financial liabilities 297.7 274.0 1.0 0.0 0.0 N.M. Current liabilities 304.2 196.9 223.5 217.6 984.8 353% Developer loan 157.1 73.0 144.7 115.8 331.7 186% Land 34.3 11.2 18.0 37.3 35.7 - 4% Capex 122.8 61.8 126.7 78.5 296.0 277% Land financing 52.1 37.3 39.0 26.5 80.2 203% Corporate financing & other 95.1 86.6 39.8 75.3 573.0 661% Cash & equivalents 309.6 227.5 188.4 368.4 802.7 118% Net debt 337.1 328.0 199.7 209.2 923.7 341% Other 0.0 - 29.6 - 11.2 - 4.7 - 2.4 - 49% Restricted cash 40.0 25.9 22.2 33.3 203.1 509% Adj. net debt 377.0 324.3 210.7 237.9 1,124.4 373% LTV (%) 19.8% 19.0% 14.4% 16.2% 35.9% +19.7 pp LTC (%) 26.4% 25.5% 18.1% 22.3% 44.1% +21.8 pp ND/EBITDA (x.x) 2.4 2.2 1.5 2.3 10.3 +8.0 pp ICR (x.x) 7.6 7.1 6.2 7.2 7.3 +0.0 pp Avg. cost of debt (%) 1 2.5% 4.0% 4.2% 4.1% 4.5% +0.4 pp APPENDIX: NET DEBT POSITION 1. Includes the impact of the interest rate cap acquired during 2022. Source: Neinor Homes. FY25 Results Presentation I February 2026
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1,465 43 204 1,987 - 662 189 3,227 GAV FY24 LfL Change Capex Investment Sales Neinor Asset Management Other GAV FY25 22 NEINOR APPENDIX: FY25 GAV BRIDGE FY25 GAV BRIDGE Source: Neinor Homes. FY25 Results Presentation I February 2026 - 0
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2,547 3,227 - 1,124 - 214 1,888 - 170 152 1,870 144 2,014 23 NEINOR GUIDANCE APPENDIX: FY25 GAV TO NNAV BRIDGE FY25 GAV TO NNAV BRIDGE Source: Neinor Homes. (€19.14/ sh ) (€18.96/ sh ) (€20.42/ sh ) FY25 Results Presentation I February 2026
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This Presentation has been prepared by Neinor Homes, S . A . (“ Neinor ”) for information purposes only and it is not regulated information or information which has been subject to prior registration or control by the Spanish Securities Market Commission . “Presentation” means this document, its contents or any part of it, as well as any oral presentation, any question or answer session and any written or oral material discussed or distributed during meetings carried out in connection with this document This Presentation may not be reproduced in any form, used or further distributed to any other person or published, in whole or in part, for any purpose without the express and prior written consent of Neinor . Failure to comply with this obligation may constitute a violation of applicable securities laws and/or may result in civil, administrative or criminal penalties . 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The words “believe”, “expect”, “anticipate”, “intends”, “estimate”, “forecast”, “project”, “will”, “may”, “should” and similar expressions may identify forward - looking statements . Other forward looking statements can be identified from the context in which they are made . These forward - looking statements are based on numerous assumptions regarding the present and future business strategies of Neinor and the environment in which Neinor expects to operate in the future . These forward - looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Neinor , or industry results, to be materially different from those expressed or implied by these forward - looking statements . Forward - looking statements should not be taken as forecasts or promises and they should not be taken as implying any indication, assurance or guarantee that the assumptions on which such forward - looking statements have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the Presentation . As a result, you should not place undue reliance on these forward - looking statements as a prediction of actual results or otherwise . The information in this Presentation, which does not purport to be comprehensive, has not been independently verified and will not be updated . The information in this Presentation, including but not limited to forward - looking statements, applies only as of the date of this Presentation and is not intended to give any assurances as to future results . Neinor expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the information, including any financial data and any forward - looking statements contained in this Presentation, and will not publicly release any revisions that may affect the information contained in this Presentation and that may result from any change in its expectations, or any change in events, conditions or circumstances on which these forward - looking statements are based or any change in whichever other events or circumstances arising on or after the date of this Presentation . Market data and competitive position used in this Presentation not attributed to a specific source are estimates of Neinor and have not been independently verified . In addition this Presentation may contain certain information in relation to other companies operating in the same sector and industry . This information has been derived from publicly - available sources and Neinor accepts no responsibility whatsoever and makes no representation or warranty expressed or implied for the fairness, accuracy, completeness or verification of such information . Certain financial and statistical information contained in this Presentation is subject to rounding adjustments . Accordingly, any discrepancies between the totals and the sums of the amounts listed are due to rounding . Certain management financial and operating measures included in this Presentation have not been subject to a financial audit or have been independently verified by a third party . In addition, certain figures contained in this Presentation, which have also not been subject to financial audit, may be combined and pro forma figures . The financial information contained herein may include items which are not defined under the International Financial Reporting Standards as adopted by the European Union (IFRS - EU) and which are considered to be “alternative performance measures” . Other companies may calculate such financial information differently or may use such measures for different purposes, limiting the usefulness of such measures as comparative measures . Such financial information must be considered only in addition to, and not as a substitute for or superior to, financial information prepared in accordance with IFRS - EU . IMPORTANT INFORMATION : This Presentation does not constitute or form part of any purchase, sales or exchange offer, nor is it an invitation to draw up a purchase, sales or exchange offer, or advice on any stock issued by Neinor . In particular, this Presentation and the information contained herein do not form part of or constitute ( i ) an offer to acquire or subscribe shares, in accordance with the Spanish Securities Market Act and its implementing regulation or (ii) an offer to purchase, sell or exchange securities, a solicitation of any offer to purchase, sell or exchange securities or a solicitation of any kind of voting rights in the United States or any other jurisdiction . The securities of Neinor have not been and will not be registered under the U . S . Securities Act of 1933 , as amended (the “US Securities Act") or the laws of any state or other jurisdictions of the United States . Such securities may not be offered or sold in the United States except on a limited basis, if at all, to Qualified Institutional Buyers (as defined in Rule 144 A under the US Securities Act, as amended) in reliance on an exemption from, or transaction not subject to, the registration requirements of the US Securities Act . The securities of Neinor have not been and will not be registered under the applicable securities laws of any state or jurisdiction of Australia, Canada, Japan or Switzerland and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or Switzerland or to or for the benefit of any national, resident or citizen of Australia, Canada, Japan or Switzerland . The information contained in this Presentation does not constitute investment, legal, accounting, regulatory, taxation or other advice and the information does not take into account your investment objectives or legal, accounting, regulatory, taxation or financial situation or particular needs . You are solely responsible for forming your own opinion and conclusions on such matters and the market and for making your own independent assessment of the information included in this Presentation . You are solely responsible for seeking independent professional advice in relation to the information contained herein and any action taken on the basis of the information contained herein . No responsibility or liability is accepted by any person for any of the information or for any action taken by you or any of your officers, employees, agents or associates on the basis of the information included in this Presentation . 24DISCLAIMER
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investor.relations@neinorhomes.com Paseo de la Castellana, 20, 5 th floor 28046 Madrid