1. GRUPO PRISA Q3 2001 RESULTS CONFERENCE CALL October 31th

2. Consolidated Figures Revenues EBITDA EBIT Net Profit 3Q 2000 % 850.44 (€ mn) 81.86 195.60 126.95 EBIT Margin 14.9% +9.4% -21.6% -8% -14.2% -21.5% 3Q 2001 930.05 64.19 179.96 108.90 11.7%

3. Revenues Breakdown NEWSPAPERS & MAGAZINES BOOKS & RIGHTS ADVERTISING OTHER REVENUES TOTAL SALES (€ mn) 183.20 286.03 342.13 138.57 3Q 2000 +8.2% +20.5% -3.4% +20,5% %chg. 850.44+9.4% Consolidated Adjustments (99.49)+10.5% 198,20 344.69 330.52 166.95 3Q 2001 930.05 (109.91)

4. Revenues by source €930.05 mn €850.44 mn AdvertisingNewspapers & MagazinesBooks & Rights OtherMusic

5. Revenues by Business Unit 3Q 2000 11% 15% 34% 26% EL PAIS €850.44 mn OTHER TOTAL REVENUES PUBLISHING RADIO SPECIALISED PRESS 12% 14% 37% 23% 3Q 2001 TOTAL REVENUES €930.05 mn 14%

6. EL PAIS Revenues EBITDA EBIT EBIT Margin 224.67 55.49 48.02 21.4% (€mn) 3Q 2000 % chg. -5.3% Main Figures 212.81 42.89 35.65 16.8% 3Q 2001 -22.7% -25.8%

7. Leadership in terms of circulation & Market share 30% Market Share DAILY COPIES SOLD EL PAIS COPIES SOLD ON WEEKENDS 3Q 2001 434,842 709,856

8. (€mn) Advertising SalesNewspaper & Magazines sales Advertising 56% Newspapers & Magazines 41% 3Q01 EL PAIS Revenues Distribution Other s Others 3% 6,96 4,86

9. Revenues EBITDA EBIT EBIT Margin 130.90 26.69 22.55 (€mn) 3Q 2000 % chg. +2.9% Main Figures RADIO 17.23% 134.75 22.45 17.71 3Q 2001 13.14% -15.9% -21.5% 9.863.000 MARKET SHARE 55% GRUPO PRISA AUDIENCE IN SPAIN

10. PUBLISHING Revenues EBITDA EBIT EBIT Margin 290.33 101.24 58.00 (€mn) 3Q 2000 % chg. +20.8% Main Figures *Consolidation of Moderna Acquisition 19.9% 350.79 113.38 70.11 3Q 2001* 19.9% +12.0% +20.9%

11. 3Q 2001: PUBLISHING Revenues by source Revenues by geography 34.378.195 BOOKS SOLD Spain &Portugal36% Latin America & USA USA64% Education70% GeneralInterest12% Other8% Languages10%

12. SOGECABLE Canal Satélite Digital subscriptions: 1,192,565 Canal Satélite Digital subscriptions: 1,192,565 Canal Plus subscriptions: 1,837,469 Revenues EBIT EBITDA Margin 637.74 (13.61) (€mn) 3Q 2000 % chg. +14.9% Main Figures 11% 732.82 2.97 3Q 2001 16% +121.8% EBITDA70.65 113.99 +61.3%

13. MUSIC Revenues EBITDA EBIT EBIT Margin 13.67 (0.89) (1.11) (€mn) 3Q 2000 % chg. +76.4% Main Figures -- 24.11 0.53 0.21 3Q 2001 0.9% --

14. Total CAPEX September 2001 2001 Publishing 107,42 26,82 Prisa and others 20,23 Local TV 8,11 El Pais 16,44 Music 2,51 Radio 3,16Other printed Media 7,50 Printing 9,75 Total CAPEX 202,13 (€ mn) Internet Advertising sales agency 0,19

15. GRUPO PRISA Q3 2001 RESULTS CONFERENCE CALL October 31th