Conversion into definitive securities of HTIAOE--R to HTIAOE

Date

17/07/2008

Notice Number

08/0754

NOTICE N.º 0754/08

We hereby inform that the bonds representing the debenture loan "Hotéis Tivoli/2008 - 2018", of Hotéis TIVOLI, S.A., registered under the code HTIAOE--R, took on 17^th July, 2008, the code HTIAOE.

INTERBOLSA, 17^th July, 2008