Capital increase of PIP AM

NOTICE N.º 0175/06

We hereby inform that, on 23^th February, 2006, 50.000 shares, with a nominal value of 5,00 EUR each, were registered, representing the increase of the share capital from 250.000,00 to 500.000,00 EUR of PAREDES INDUSTRIAL - Parques Industriais, S.A., under the code PIP AM.

INTERBOLSA, 24^th February, 2006