Seat Adjusts Production at Martorell Plant

MARTORELL – October 7, 2008: Faced with a general downturn in sales in its main markets, SEAT has found it necessary to cut back on production at its Martorell plant to bring it in line with the current situation in those same markets where, furthermore, there are no prospects of reactivation in the short term.

Production adjustments expected for the end of the year amount to a 5% decrease compared to initial planning figures.

To this end, this morning SEAT presented a temporary Labour Force Adjustment Plan (ERE in Spanish) which will affect 750 employees in the manufacturing sphere between November and December. This same LRAP will be extended from January to July 2009, affecting a similar number of staff members to 2008.

SEAT management has clearly established that the downturn in sales in the brand’s main markets, and especially in Spain, is due to matters beyond the company’s control. Therefore, aware of its responsibilities, the company has taken the necessary steps to safeguard its future viability.