Principles governing the Management Strategy

The principles that govern the Management Strategy are as follows:

Security

• Protection against risk in credit, intermediation, depositary and custody through the rigorous selection of entities borrowing resources and of entities operating on the financial markets.

Profitability

• The objective of profitability is established in the model for the financing of radioactive waste management defined in the different General Radioactive Waste Plans.

Liquidity

• The financing model reflects a clear vocation for very long-term management, attempting to conciliate the liquidity demands of the model with the conditions of the financial markets at all times.