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SPECIAL                           Feb./2013


    GAZETTE
    Let´s GOWEX Investors’ Relation




Let’s take risks
     and conquer your fears
NEWS DISTRIBUTION LIST for shareholders
If you would like to be included in the distribution list of
GOWEX shareholder news, send us an e-mail with the
subject "mailing list" and your full name to:

ir@gowex.com

You will be informed on time, via e-mail, about the latest
relevant news, results publication, shareholder meetings
and other significant information about GOWEX Group
and its shares.
SPECIAL GAZETTE


         Agreements reached at the EGM on Nov. 12th        4

          Increase in share capital results of Dec. 2012   6
         Shareholding structure after the share capital
                                                           7
                                              increase
         Agreements reached at the EGM on Feb. 2013        5

                                      GOWEX’s shares       8

                                       R&D&i projects      9

                           Best Tweets about GOWEX         10

                                         GOWEX news        11

                            GOWEX on the MWC 2013          14

           Shareholders and investors’ contact details     15
Agreements reached at
                 the EGM on Nov./2012
The Let's GOWEX, SA Extraordinary General Meeting
of its Shareholders held on November the 5th, 2012,
on a first call, had a total number of 22 shareholders
present or represented, that accounted the 70.77% of
the total share capital and they approved unanimously
in full the resolutions proposed:




   Application to the SEC (US Securities and Exchange
Commission), for an authorization to issue a program of
ADR (American Depositary Receipt)

   Delegation to raise share capital




                                                          70.77%




                                                                   4
Increase in Share Capital
             Results of Dec. /2012

The increase in share capital approved by the
Board of Directors of the Company on
November the 12th, 2012 in exercise of the
powers delegated by the Extraordinary
General Meeting of November the 5th, 2012,            "60% of all the
has been executed.                                  shareholders who
                                                   attended the share
It consisted of the issuance of 1,528,404 new
ordinary shares of five cents of euro (0.05) of   capital increase, were
nominal value and of the same class and
series as those GOWEX shares currently
                                                   large international
outstanding and issued with a premium of                   funds"
11.55 euros, so it has been an issue price of
11.60 euros per share. Therefore, the total
amount of the subscription amounted to
17,729,486.40 Euros.




                                                                           5
Shareholding structure
           after the share capital
                         increase
The social capital of the Company amounts
to € 723,133.60, divided into 14,462,672
shares of € 0.05 per value each. Fully
subscribed and paid each one of them. They                  “free float increasing
all belong to a single class and series, that               that stood at 37.9%”
gives identical voting and dividend rights
and are represented by account entries.




                             37,90%
                                37,90%




               9,94%                            27,40%
                                                   27,40%
                  9,94%

                          24,76%
                             24,76%



                                                                                     6
Agreements reached at
      the EGM on Feb/2013
    The Let's GOWEX Extraordinary General Meeting of Shareholders
    held on February 21st, 2013, on a first call, represented by the
    62.38% of the share capital, approved by a majority of the
    attendants the following resolutions :




                        First.-   Renewal    of the authorization
                       granted to the Company to proceed with
                       the acquisition of its own shares.



                        Second.-     Modification    of the
                       nominal value of the shares without
                       changing the amount of share capital
                       (Split) from 0.05 Euros to 0.01 Euros
                       per share.




                                                                    7
mar,10
                                                    apr, 10
                                                   may, 10
                                                    jun, 10
                                                     jul, 10
                                                    ago, 10
                                                    oct, 10
                                                    nov,10
                                                    dec, 10
                                                    jan, 11
                                                    feb, 11
                                                                                                   GOW - MAB



                                                   mar, 11




                              Analysts evolution
                                                    apr, 11
                                                   may, 11
                                                    jun, 11
                                                    ago, 11
                                                   sept, 11
                                                                                                   Target Price




                                                    oct, 11
                                                    nov, 11
                                                    dec, 11
                                                                                                                            The share



                                                    jan, 12
                                                    feb, 12
                                                   mar, 12
                                                    abr, 12




    GOWEX Coverage Analysis
                                                    jun, 12
                                                      jul,12
                                                    ago,12
                                                   sept, 12
                                                    oct, 12
                                                                                                   ALGOW - NYSE Alternext




                                                    nov, 12
                                                    dec, 12
                                                    jan, 13




8
                                                               3
                                                                   5
                                                                       7
                                                                           9
                                                                               11
                                                                                    13
                                                                                         15
                                                                                              17
R&D&i
                                                 Projects
Develops Intelligent Systems for Public Transport (ITS) for both, own
transportation that will impact on the overall efficiency of the city, and
also for travelers who use it.

It is an intelligent virtual personal assistant that is able to interpret natural
language and give an answer to any questions asked by the user.


Proposes the development of a platform for users of mobile devices
capable of suggesting in real-time the best cultural and entertainment
offers depending on the preferences of the user through WiFi networks of
public access.




It is an intelligent content distribution and information system for users of
public transport focused on urban and interurban bus fleets.


It Searches for solutions to reduce the energy consumption that a
telecommunications operator needs to provide a certain capacity. This
shall be done in the proper use of the spectrum.


It is a system consisting of heterogeneous networks which involve rapid
integration of existing communication resources to reduce the operation
time and which improve the coordination between the various Law
Enforcement Agencies in a natural disaster or emergency situation.


                                                                                    9
The best Tweets
                                                about GOWEX
GOWEX Results




        “GOWEX: the unstoppable Spanish Apple”




        “If a Spanish SME can now capture 30 million Euros in funding
        (capital) that is GOWEX”




         “GOWEX is the new apple of my eye, small start up very very
         powerful long-term”




           “In the simulation of portfolios, and thanks to @Impok
           support, They said I'm the first, and yes, it is thanks to
           GOWEX


                                                                        10
News
 GOWEX celebrates the Free WiFi               GOWEX takes free Wi-Fi to Paris
 "made in Spain“ party                        public transport
 Elcorreo.com                                 Europa press

 Starting today and thanks to the GOWEX       GOWEX will provide free WiFi in 48 transit
 Madrid hard work, open access to the Wi-fi   stations and surrounding outdoor areas of
 network will be available around the City    Paris. According to the company, this
 Hall of Dame Street, San Patricio Park and   project will provide WiFi access in 66
 Smithfield.                                  "smartzones". Thus, the 4.5 million daily
                                              passengers who use the metro of Paris can
 The Irish press mentioned GOWEX as the       access with their mobile devices to the
 company of Madrid that provides the          Internet for free.
 service. They also informed that it will
 generate more revenue through advertising    However, the service will incorporate the
 and roaming agreements with other mobile     entire subway network gradually, which
 service providers.                           currently has 14 lines, 245 stations and
                                              carries over 1,500 million passengers a year.
 The GOWEX CEO, Jenaro García added:
                                              With this initiative, the company takes an
                                              important step in its goal of making the
                                              French capital in a Wireless Smart City, with
                                              connection anywhere .
   “This agreement will not only
increase the number of Wi-Fi cities           In this sense, the CEO of GOWEX, Jenaro
 for GOWEX, but also increase the             Garcia, has indicated that, for the company
                                              the inter-urban transport is an integral part
  attractiveness of our advertising           of theWireless Smart Cities®
   channels pinpointed because,
      coverage is being global”




             Follow the official GOWEX Twitter account on @gowex
             https://twitter.com/gowex                                                 11
News
The Spanish company GOWEX
brings free Wi-Fi, to Marseille                  GOWEX conquers Dubai with
buses                                            its free Wi-Fi
Expansión.com                                    elEconomista

The Spanish company GOWEX announced
today the signing of an agreement with           The Spanish company brings their
the French company transport "RDT 13"            network to the main bus line of the
to    implement      Internet   wireless         Emirates.
connection services (WiFi), in Marseille
(South of France) buses.                         Users of, the main bus line in the UAE
                                                 which connects Dubai and Abu Dhabi,
The project complements the company's            enjoy free Wi-Fi service on board thanks
offerings in train stations near Marseille       to the action of the GOWEX company in
and Aix-en-Provence, which make it               that area of the Persian Gulf.
easier for users who move between those
two cities creating a "permanent                 "The global position of the United Arab
connection“.                                     Emirates, as a gateway to three
                                                 continents and Dubai as technological
Regarding its use, travelers can register in     and financial epicenter, is the ideal
the GOWEX Website or in the bus.                 enclave to extend our model of free Wi-Fi
                                                 everywhere in the Middle East" explained
                                                 some sources of the Spanish company .

                                                 According to Jenaro Garcia, CEO of
                                                 GOWEX, "this initiative is an integral part
                                                 of GOWEX global growth strategy
                                                 consisting of promoting recurring
                                                 revenues through the development of
                                                 projects of Wi-Fi Smart Cities and
                                                 Wireless Smart Transports, which has led
                                                 us to achieve 19 Wi-Fi projects in
                                                 transport.




                                                                                        12
News
Free Wi-Fi, the treasure hunt                  GOWEX signs an agreement
El País                                        with SNCF to offer free Wi-Fi
                                               in the main train station in
GOWEX, founded in the nineties as a            Marseille
provider of Internet, entered the free Wi-     elEconomista.es
Fi in 2006. GOWEX end up adding
contracts in Spain and abroad, with
municipalities, associations and transport     GOWEX has signed an agreement with
companies, in which it offers free or paid     the French National Railways (SNCF) to
Wi-Fi. GOWEX is established in 65 cities       offer its free Wi-Fi service in the main
around the world and serves 15 metro or        train station in Marseille, as reported by
bus companies in Buenos Aires, Paris,          the firm specializing in Wi-Fi cities.
Marseille and Dubai. It also has
agreements with Nintendo and Deutsche          Thus, under this agreement, more than
Telekom.                                       15 million passengers per year of
                                               "Marseille St. Charles" station will enjoy
GOWEX invoiced in 2006 Euros 10.5              free 24 hours Wi-Fi.
million and ended 2011 with 66.7 million
euros. No wonder it has been the great         This station is one of the main points of
success of last year stock. After trading      tourist arrivals in Marseille, European
out to MAB in 2010 to € 4.2, it increased      Capital of Culture for 2013.
up to 14.4 on Thursday. Its value has
doubled in the past five months. "Our          Recently, SNCF has announced its "low
capitalization exceeds 180 million Euros"      cost" high speed train (TGV) operating
recalls Garcia.                                between Paris, Lyon, Marseille and
                                               Montpellier, which will help considerably
                                               to multiply the volume of travelers
                                               planned for next year and potential users
                                               of the Wi-Fi service in St. Charles station.




                                                                                       13
GOWEX
                        at the MWC 2013
For the third consecutive year, GOWEX participated in the Mobile World Congress
2013, landmark event in the mobile sector, worldwide hold from the 25th to the 28th
of February in Barcelona. The company's booth was located in the Pavilion of Spain
(center aisle between the hall 4 and 5) which were also represented other important
Spanish companies such as Abertis, Unkasoft or Zed.

All attendees had the opportunity to learn about the GOWEX model of Smart WiFi
Cities, already operating successfully in public spaces, transport, cafés, etc.
worldwide thanks to the agreements reached with governments, associations,
franchises, transport companies ,etc.

Wireless Smart Cities of GOWEX ® improve the quality of life of citizens by creating a
hyperconnected city thanks to Wi-Fi technology. The aim of the Smart WiFi Cities is to
reduce costs and improve efficiency in communications infrastructure, enhance data
transmission needs by relieving congestion of mobile networks (offloading) and
finally get users to enjoy for free anytime and anywhere.




                                                                                         14
Shareholders and
          investors’ contact details

Florencia Maté Garabito

International Communications
Manager & Investor Relations
+34 670 738 579
fmate@gowex.com


Javier Solsona Piera
Investor Relations & Corporate Area
+34 638 780 690
jsolsona@gowex.com


Alicia Viñas Díaz

Investor Relations & Corporate Area
+34 91 360 14 70
avinas@gowex.com




                                      15
Let´s GOWEX - Shareholder bulletin feb 13

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Let´s GOWEX - Shareholder bulletin feb 13

  • 1. SPECIAL Feb./2013 GAZETTE Let´s GOWEX Investors’ Relation Let’s take risks and conquer your fears
  • 2. NEWS DISTRIBUTION LIST for shareholders If you would like to be included in the distribution list of GOWEX shareholder news, send us an e-mail with the subject "mailing list" and your full name to: ir@gowex.com You will be informed on time, via e-mail, about the latest relevant news, results publication, shareholder meetings and other significant information about GOWEX Group and its shares.
  • 3. SPECIAL GAZETTE Agreements reached at the EGM on Nov. 12th 4 Increase in share capital results of Dec. 2012 6 Shareholding structure after the share capital 7 increase Agreements reached at the EGM on Feb. 2013 5 GOWEX’s shares 8 R&D&i projects 9 Best Tweets about GOWEX 10 GOWEX news 11 GOWEX on the MWC 2013 14 Shareholders and investors’ contact details 15
  • 4. Agreements reached at the EGM on Nov./2012 The Let's GOWEX, SA Extraordinary General Meeting of its Shareholders held on November the 5th, 2012, on a first call, had a total number of 22 shareholders present or represented, that accounted the 70.77% of the total share capital and they approved unanimously in full the resolutions proposed: Application to the SEC (US Securities and Exchange Commission), for an authorization to issue a program of ADR (American Depositary Receipt) Delegation to raise share capital 70.77% 4
  • 5. Increase in Share Capital Results of Dec. /2012 The increase in share capital approved by the Board of Directors of the Company on November the 12th, 2012 in exercise of the powers delegated by the Extraordinary General Meeting of November the 5th, 2012, "60% of all the has been executed. shareholders who attended the share It consisted of the issuance of 1,528,404 new ordinary shares of five cents of euro (0.05) of capital increase, were nominal value and of the same class and series as those GOWEX shares currently large international outstanding and issued with a premium of funds" 11.55 euros, so it has been an issue price of 11.60 euros per share. Therefore, the total amount of the subscription amounted to 17,729,486.40 Euros. 5
  • 6. Shareholding structure after the share capital increase The social capital of the Company amounts to € 723,133.60, divided into 14,462,672 shares of € 0.05 per value each. Fully subscribed and paid each one of them. They “free float increasing all belong to a single class and series, that that stood at 37.9%” gives identical voting and dividend rights and are represented by account entries. 37,90% 37,90% 9,94% 27,40% 27,40% 9,94% 24,76% 24,76% 6
  • 7. Agreements reached at the EGM on Feb/2013 The Let's GOWEX Extraordinary General Meeting of Shareholders held on February 21st, 2013, on a first call, represented by the 62.38% of the share capital, approved by a majority of the attendants the following resolutions : First.- Renewal of the authorization granted to the Company to proceed with the acquisition of its own shares. Second.- Modification of the nominal value of the shares without changing the amount of share capital (Split) from 0.05 Euros to 0.01 Euros per share. 7
  • 8. mar,10 apr, 10 may, 10 jun, 10 jul, 10 ago, 10 oct, 10 nov,10 dec, 10 jan, 11 feb, 11 GOW - MAB mar, 11 Analysts evolution apr, 11 may, 11 jun, 11 ago, 11 sept, 11 Target Price oct, 11 nov, 11 dec, 11 The share jan, 12 feb, 12 mar, 12 abr, 12 GOWEX Coverage Analysis jun, 12 jul,12 ago,12 sept, 12 oct, 12 ALGOW - NYSE Alternext nov, 12 dec, 12 jan, 13 8 3 5 7 9 11 13 15 17
  • 9. R&D&i Projects Develops Intelligent Systems for Public Transport (ITS) for both, own transportation that will impact on the overall efficiency of the city, and also for travelers who use it. It is an intelligent virtual personal assistant that is able to interpret natural language and give an answer to any questions asked by the user. Proposes the development of a platform for users of mobile devices capable of suggesting in real-time the best cultural and entertainment offers depending on the preferences of the user through WiFi networks of public access. It is an intelligent content distribution and information system for users of public transport focused on urban and interurban bus fleets. It Searches for solutions to reduce the energy consumption that a telecommunications operator needs to provide a certain capacity. This shall be done in the proper use of the spectrum. It is a system consisting of heterogeneous networks which involve rapid integration of existing communication resources to reduce the operation time and which improve the coordination between the various Law Enforcement Agencies in a natural disaster or emergency situation. 9
  • 10. The best Tweets about GOWEX GOWEX Results “GOWEX: the unstoppable Spanish Apple” “If a Spanish SME can now capture 30 million Euros in funding (capital) that is GOWEX” “GOWEX is the new apple of my eye, small start up very very powerful long-term” “In the simulation of portfolios, and thanks to @Impok support, They said I'm the first, and yes, it is thanks to GOWEX 10
  • 11. News GOWEX celebrates the Free WiFi GOWEX takes free Wi-Fi to Paris "made in Spain“ party public transport Elcorreo.com Europa press Starting today and thanks to the GOWEX GOWEX will provide free WiFi in 48 transit Madrid hard work, open access to the Wi-fi stations and surrounding outdoor areas of network will be available around the City Paris. According to the company, this Hall of Dame Street, San Patricio Park and project will provide WiFi access in 66 Smithfield. "smartzones". Thus, the 4.5 million daily passengers who use the metro of Paris can The Irish press mentioned GOWEX as the access with their mobile devices to the company of Madrid that provides the Internet for free. service. They also informed that it will generate more revenue through advertising However, the service will incorporate the and roaming agreements with other mobile entire subway network gradually, which service providers. currently has 14 lines, 245 stations and carries over 1,500 million passengers a year. The GOWEX CEO, Jenaro García added: With this initiative, the company takes an important step in its goal of making the French capital in a Wireless Smart City, with connection anywhere . “This agreement will not only increase the number of Wi-Fi cities In this sense, the CEO of GOWEX, Jenaro for GOWEX, but also increase the Garcia, has indicated that, for the company the inter-urban transport is an integral part attractiveness of our advertising of theWireless Smart Cities® channels pinpointed because, coverage is being global” Follow the official GOWEX Twitter account on @gowex https://twitter.com/gowex 11
  • 12. News The Spanish company GOWEX brings free Wi-Fi, to Marseille GOWEX conquers Dubai with buses its free Wi-Fi Expansión.com elEconomista The Spanish company GOWEX announced today the signing of an agreement with The Spanish company brings their the French company transport "RDT 13" network to the main bus line of the to implement Internet wireless Emirates. connection services (WiFi), in Marseille (South of France) buses. Users of, the main bus line in the UAE which connects Dubai and Abu Dhabi, The project complements the company's enjoy free Wi-Fi service on board thanks offerings in train stations near Marseille to the action of the GOWEX company in and Aix-en-Provence, which make it that area of the Persian Gulf. easier for users who move between those two cities creating a "permanent "The global position of the United Arab connection“. Emirates, as a gateway to three continents and Dubai as technological Regarding its use, travelers can register in and financial epicenter, is the ideal the GOWEX Website or in the bus. enclave to extend our model of free Wi-Fi everywhere in the Middle East" explained some sources of the Spanish company . According to Jenaro Garcia, CEO of GOWEX, "this initiative is an integral part of GOWEX global growth strategy consisting of promoting recurring revenues through the development of projects of Wi-Fi Smart Cities and Wireless Smart Transports, which has led us to achieve 19 Wi-Fi projects in transport. 12
  • 13. News Free Wi-Fi, the treasure hunt GOWEX signs an agreement El País with SNCF to offer free Wi-Fi in the main train station in GOWEX, founded in the nineties as a Marseille provider of Internet, entered the free Wi- elEconomista.es Fi in 2006. GOWEX end up adding contracts in Spain and abroad, with municipalities, associations and transport GOWEX has signed an agreement with companies, in which it offers free or paid the French National Railways (SNCF) to Wi-Fi. GOWEX is established in 65 cities offer its free Wi-Fi service in the main around the world and serves 15 metro or train station in Marseille, as reported by bus companies in Buenos Aires, Paris, the firm specializing in Wi-Fi cities. Marseille and Dubai. It also has agreements with Nintendo and Deutsche Thus, under this agreement, more than Telekom. 15 million passengers per year of "Marseille St. Charles" station will enjoy GOWEX invoiced in 2006 Euros 10.5 free 24 hours Wi-Fi. million and ended 2011 with 66.7 million euros. No wonder it has been the great This station is one of the main points of success of last year stock. After trading tourist arrivals in Marseille, European out to MAB in 2010 to € 4.2, it increased Capital of Culture for 2013. up to 14.4 on Thursday. Its value has doubled in the past five months. "Our Recently, SNCF has announced its "low capitalization exceeds 180 million Euros" cost" high speed train (TGV) operating recalls Garcia. between Paris, Lyon, Marseille and Montpellier, which will help considerably to multiply the volume of travelers planned for next year and potential users of the Wi-Fi service in St. Charles station. 13
  • 14. GOWEX at the MWC 2013 For the third consecutive year, GOWEX participated in the Mobile World Congress 2013, landmark event in the mobile sector, worldwide hold from the 25th to the 28th of February in Barcelona. The company's booth was located in the Pavilion of Spain (center aisle between the hall 4 and 5) which were also represented other important Spanish companies such as Abertis, Unkasoft or Zed. All attendees had the opportunity to learn about the GOWEX model of Smart WiFi Cities, already operating successfully in public spaces, transport, cafés, etc. worldwide thanks to the agreements reached with governments, associations, franchises, transport companies ,etc. Wireless Smart Cities of GOWEX ® improve the quality of life of citizens by creating a hyperconnected city thanks to Wi-Fi technology. The aim of the Smart WiFi Cities is to reduce costs and improve efficiency in communications infrastructure, enhance data transmission needs by relieving congestion of mobile networks (offloading) and finally get users to enjoy for free anytime and anywhere. 14
  • 15. Shareholders and investors’ contact details Florencia Maté Garabito International Communications Manager & Investor Relations +34 670 738 579 fmate@gowex.com Javier Solsona Piera Investor Relations & Corporate Area +34 638 780 690 jsolsona@gowex.com Alicia Viñas Díaz Investor Relations & Corporate Area +34 91 360 14 70 avinas@gowex.com 15