index About us 02 Our history 03 The value of people 04 Where we are 05 Grupo Adagio in figures 05 Divisions 06 Adagio Distribución 07

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3 index About us 02 Our history 03 The value of people 04 Where we are 05 Grupo Adagio in figures 05 Divisions 06 Adagio Distribución 07 UME unión musical 10 Music Gallery 11 Key Accounts 12

4 02 About us The adagio group has established itself as the leading distribution company within the musical instruments and professional audio field in Spain, Portugal and Italy. Its a family owned company with more than 40 years of history, with a highly professionalised management and a workforce over 150 people. Headquarters are located in Barcelona with facilities of m 2 including offices, technical service and warehouse. Adagio is present in all sales channels within the musical instrument and professional audio market. Therefore, Adagio s business is divided into four commercial divisions: Spain and Portugal, as well as the online store Music Gallery: As Grupo Adagio is the main supplier of music products for El Corte Inglés, we also have 23 dedicated points of sale in the main shopping centres of Spain, manned by our own staff, and display areas in the rest of centres. Key Accounts: The brands that we represent are available in the leading chain stores, including Fnac, Carrefour, Media Markt, Alcampo or Toys R Us, among others. The structure of our business is complemented by a warehouse of over 5,000 m 2 and our own technical service. Our dedicated technical service is committed to giving our clients quick, reliable answers for their peace of mind. Adagio Distribución: A division specialising in the importation and exclusive distribution of musical instruments and professional sound solutions in Spain, Portugal and Italy. UME unión musical: We have 21 music shops all over

5 Our history years Grupo Adagio was founded more than forty years ago as a family business that started as a music store in Barcelona. This business gradually included exclusive musical instrument brands in its catalogue, until it became a distribution company for the whole of Spain. This is how our family business came to be a dealer for such major brands as Casio or Samick. More than thirty years later, these manufacturers still trust us to distribute their products. Committed to our intention of reaching every instrument sales channels, Grupo Adagio has successfully placed its products in large consumption centres such as El Corte Inglés and Toys R us. In 1990, our company store division purchased Unión Musical, the largest chain of music shops in Spain, specialising in classical instruments. Already a leader in the musical instrument industry, Grupo Adagio opened its Adagio Pro professional division through the purchase of the company Alberdi Pro, a dealer for Martin Audio, among other brands. Our group went on to become a strong player in the professional industry, supporting new brands such as HK Audio, Audix, etc. We also created the Department of Projects, staffed by qualified engineers able to provide comprehensive audio solutions that can be installed by our clients. Adagio Pro was renamed Adagio Distribución in 2013, merging all of its instrument and professional audio brands in a vast catalogue that includes more than 3,000 product references. By buying Galerías de Música in 2004 from the company Real Musical, Adagio became a sole dealer for El Corte Inglés the most important department stores in Spain and opened its own points of sale in the main shopping centres of each city. Thanks to the good management of the brands that it represents in Spain, in 2003 Grupo Adagio started operating in Portugal and became the sole dealer for most of its brands across the Iberian Peninsula. In 2014, Grupo Adagio made the jump to the Italian market and went on to become the Behringer dealer for the whole of Italy. With a history of more than forty years in the industry, and after the vast growth that it has experienced, Grupo Adagio is still a family-run business that upholds the same values of personal triumph and quality that have led us to be what we are today

6 04 The value of people Grupo Adagio is aware that the company s main asset is the people who make up its team of professionals. Our employees ongoing training in the brands that we distribute, work team, constant interaction among all the departments that have common objectives, and chances for professional development are some of the values offered by Grupo Adagio to its human team. The result A consolidated, motivated team of professionals ready to give efficient answers to our clients needs. This team comprises the following members: 5 product managers. 11 commercial experts. Customer Service Department. Marketing and Communication Department. IT Department. Department of Operations Management. Purchasing Department. e-commerce Department. Department of Human Resources. 90 shop assistants. Warehouse staff. 5 helpdesk technicians. 2 project engineers.

7 05 Where we are In figures! Grupo Adagio (central)! Adagio distribución Delegates! 21 UME shops! 23 ECI corners! Adagio Italy! A 42-year history! A turnover of 30 million Euros in 2013! 150 members of staff! 44 company points of sale in Spain and Portugal! Sole dealer for 46 brands, 90% for more than 15 years ago! More than 1,500 active clients! A m2 warehouse

8 Divisions

9 07 Our potential clients are the main instrument and professional sound shops, engineers, installers and equipment rental companies in Spain, Portugal and Italy. Key Brands One of the pillars to become the leader in distribution is to dispose of a strong catalog with major brands that cover the needs of our different customers. We are extremely satisfied to have a stable and long lasting partnerships with the leading and most prestigious brands in each sector. What makes us different A team made up by professionals of the industry with proven training and experience is the key to the success of this department. With our eleven commercial experts, five product specialists, two project engineers, a helpdesk, a Marketing and Communication Department and a Customer Service Department, we are able to give support to the different client profiles that trust our company every day, and solve any need they may have. To strengthen our distribution system, we make constant investments in promotional and marketing actions, in close cooperation with manufacturers with a view to planning our strategies. Adagio distribución is the only partner in addition to the standar network of clients to have a chain of 44 company points of sale where it can sell the brands that it represents.

10 08 Professional electroacoustic solutions Our technical office is staffed by highly qualified professionals who have access to state-of-the-art technology to carry out projects of any size. Our experience includes a vast variety of premises and services, such as auditoriums, theatres, conference centres, PA and security systems, churches, retailers, hotels, restaurants, bars and clubs/pubs. The Engineering Department of Adagio Distribución participates in all the stages of a project to ensure the highest level of satisfaction for our clients and the users of the facilities involved.

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12 10 The chain of 21 stores together with its webstore make us the largest network in Spain a Portugal. We are present in the major cities such as: Madrid, Barcelona, Valencia, Malaga, Seville, Pamplona, Gerona and Lisbon. Every major brand are available in our shops, ensuring that all of our clients needs and requirements are met. Setting us apart The friendly service provided by the more than fifty music professionals who make up our staff and the constant motivation to turn our shops into meeting points for musicians and amateur through the organisation of events, presentations, roadshows or training schools, to name just a few, set us apart from other instrument shops.

13 11 As the main instrument dealer for El Corte Inglés (spanish company with and annual turnover of 16 billion euros) have 23 stores in the most important shopping centres in Spain, all of which are manned by Grupo Adagio s own staff. In other centres, we have the product display areas demanded by suppliers as an indispensable requirement. We are sales leaders with a market presence of 90% withing El Corte Inglés. Marketing Our stores take part in all the marketing campaign of El Corte Inglés, being one of the Spanish companies with the largest investment in publicity. With the result of attracting a large number of customers, more than a million each day passes through any of its centers. Service El Corte Inglés is distinguished by its high level of customer care and service. Brands sold in El Corte Inglés stand out for its quality and reputation. Customers in El Corte Inglés enjoy special services such as reimbursement and financial conditions.

14 12 Pioneers Our brands are present in the main mass market chains such as (Fnac, Carrefour, Alcampo, Toys R us, etc.). In most of these chain stores we have been the first to create our own space with musical instruments in their departments. Marketing We actively participate in the different promotional actions organized by those centers; demostrations, contests, outstanding products, headers, as well as in their national promotional campaigns. We are also present in their online shops. Human Resources We have the specialized sales team that is required in the big surfaces. We have product specialists regularly training the sales team in order that they are updated with the latest information about new products and technology.

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16 Avda. la ferrería 3 y 5 Montcada i Reixac, Barcelona Tel.: (+34) info@adagio.es