Significant events

COMMUNICATION OF RELEVANT FACT

In fulfilment of the provisions laid down in the Securities Market Act 24/1988, dated 28 July, Dogi International Fabrics, S.A. hereby serves notice that, in accordance with the provisions laid down in the prospectus registered with the National Securities Market Commission on 3 July 2008 regarding the increase in capital adopted by the Company’s General Shareholders Meeting on 10 April 2008, the number of shares subscribed and applied for during the Terms of Preferential Subscription and Allocation of Additional Shares totalled 5,346,485 shares, representing 17.74% of the total shares subject to the increase, representing a total amount of €4,277,188. Of the said total, the number of shares subscribed by shareholders exercising their right to preferential subscription totalled 1,279,985 shares, representing 4.25% of the total shares subject to the increase, which implies a payout of €1,023,988. Furthermore, additional applications for shares were filed totalling the amount of €3,253,200, which means that an additional 4,066,500 shares have been applied for, representing 13.49% of the total number of shares subject to the increase. The additional applications for shares shall be allocated during the term of allocation of additional shares between 23 and 30 July.

The number of shares subscribed by the reference shareholder during the term of preferential subscription totalled 520,500 shares, representing 1.73% of the total number of shares subject to the increase, where the said shareholder has also applied for the allocation of 4,042,000 additional shares representing 13.41% of the total shares subject to the increase, which shall imply an overall payout of €3,650,000.

The term of discretional allocation of shares by the Board shall run between 31 July and 1 August. The reference shareholder has declared its intention to ask the Board of Directors to allocate it with shares for an additional amount of up to €3,350,000 during the said term. The said amount shall be effectively subscribed and paid out by the reference shareholder as long as the subscription thereof does not involve the obligation to filing a takeover bid for all the company’s shares.

Dogi International Fabrics, S.A.
Karel Schroder
CEO
El Masnou (Barcelona),24 July 2008.