The capital stock of Iberpapel Gestión, S.A. at 31 December 2006 amounted to 6,979,884.00 euro and was represented by 11,633,140 shares of 60 euro cent par value each which were fully subscribed and paid.

All of the shares of Iberpapel Gestión, S.A. are listed on the Madrid and Bilbao stock exchanges and are traded on Spain's electronic market.

The trend in capital stock in recent years is shown below: