Distribution Of Benefits Of Sol Meliá

As approved in the General Shareholders’ Meeting celebrated on 8th June, 1998 in the Hotel Meliá Victoria in Palma de Mallorca, Sol Meliá is pleased to announce that payment of gros 42,-Ptas for each of the 31.000.000 total outstanding shares, which means a total amount of 1.302.000.000,-Ptas. (Net Dividend 31.5,-Ptas after a retention rate of 25%: 10.5,-Ptas.) will take place next Friday, 10th July 1998 and that “Banco Bilbao Vizcaya” was chosen as the intermediary bank.