1. 10 April, 2003 2003 GENERAL SHAREHOLDERS MEETING

2. Año 2002 2 PIB EVOLUTION (%) Grupo PRISA -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 1999200020012002 SpainEurozoneLatam

3. 5 53 Grupo PRISA

4. 6 6 6 4

5. 7 5 Million 2001 2002 1,197 mn 1,216 mn Advertising Books & Rights Newspapers & Magazines Others Grupo PRISA REVENUES BY LINE OF ACTIVITY

6. 8 8 6 6 Others 15% Brazil 4% Mexico 6% Spain 75% Others 10% Colombia 3% Brazil 3% Mexico 7% Spain 77% 2001 2002 1,197 mn 1,216 mn International Revenues in 2002 Santillana: 73% International Media: 17% Printing: 10% Grupo PRISA Revenues Breakdown by Geographic Area

7. 13 7 7 Others 13% Brazil 3% Mexico 14% Spain 70% Others 3% Colombia 6% Brazil 3% Mexico 12% Spain 76% 2001 2002 116 mn 119 mn Grupo PRISA EBIT Breakdown by Geographic Area

8. 14 8 Grupo PRISA

9. 15 9 200020012002 InvestmentsNet Debt: Ratios Focused on CAPEX rationalization 343 Million 308 131 Net Debt/EBITDA: 2.15 Net Debt/Equity: 70.4% Net Debt & Investments Grupo PRISA

10. 19 10 Grupo PRISA

11. 20 11 Average Daily Circulation (copies) Weekend Average Circulation (copies) 20012002 433,617 435,299 732,681 725,710 200120021Q 2003 495,104 1Q 2003 874,242 Grupo PRISA

12. 21 12 Grupo PRISA

13. 2002 Market share in conventional format SER 44% COPE 17% RNE 18% ONDA CERO 21% 13 Grupo PRISA

14. 23 14 Grupo PRISA

15. 15 27% 12% 21% 40% Spain & Portugal Others Mexico Brazil 19% 36% 2001 32% 13% 2002 389 mn 347 mn Revenue breakdown by geographic area Grupo PRISA

16. 16 Other countries 34% Brazil 6% Mexico 36% Spain 24% Other countries 26% Brazil 9% Mexico 39% Spain 26% 2001 2002 EBIT breakdown by geographic area Grupo PRISA

17. 17 Specialized Press Diario As (copies) Cinco Días 199720021Q 2003 123,447 176,892 212,761 2002 1Q 2003 2001 25,535 24,621 25,731 El Correo 20021Q 20032001 14,400 14,571 21,808 Cinemanía 20021Q 20032001 33,464 46,081 67,000 Grupo PRISA

18. Local TV presence Localia TV presence by Autonomous regions Andalucía Aragón Asturias Baleares Cantabria Castilla-La Mancha Castilla y León Cataluña 17 3 3 2 1 2 5 1 Total: 73 stations Madrid Valencia Extramadura Galicia La Rioja Murcia Navarra Vasque country 8 7 8 6 1 4 1 4 With stations 18 Grupo PRISA

19. 28 29 19

20. Current Presence: Mexico Mexicali Monterrey San Luis Potosi Guadalajara Veracruz D.F. Cities with stations owned by Prisa 20 Grupo PRISA

21. Current presence: Colombia, main cities Main cities with stations owned by Prisa Total presence: 48 cities 117 broadcasters 21 Grupo PRISA Cartagena Medellín Barranquilla Bogotá Medellín Cali

22. Current presence: Chile, main cities Santiago Antofagasta Viña del Mar Rancagua Concepción Puerto Montt Valparaíso Talcahuano Temuco Iquique Main cities with stations owned by Prisa Total presence 104 own stations 32 jointly owned stations 60 cities 22 Grupo PRISA

24. 31 32 24 Latest acquisition development Control the level of debt CAPEX rationalization Control and reduction of costs Disinvestments in non core business divisions GENERAL STRATEGY Grupo PRISA

25. 31 32 25 Maintenance leadership position in Press and Radio Strengthen new business divisions Positive EBIT in Specialized and Regional Press Education. New markets Accelerate investments returns Integration of Digital Platforms STRATEGY IN SPAIN Grupo PRISA

26. 31 32 26 Development of the radio business in the main markets in Latam Santillana expansion in USA Optimization of investments profitability. ESTRATEGIA INTERNACIONAL Grupo PRISA

27. 10 April, 2003 2003 GENERAL SHAREHOLDERS MEETING