Dividends

Dividend's developments

As a rule, Red Eléctrica pays an interim dividend at the close of the fiscal year, and a supplementary dividend once the dividend for the fiscal year has been approved by the General Shareholders' Meeting at the proposal of the Board of Directors.

Dividend for 2009.

The Board of Directors of Red Eléctrica Corporación, S.A., at its meeting held on 23th February 2010, has resolved to propose to the General Shareholders Meeting to pay out the gross amount of 1.4781 euros per share for shares entitled to dividends.

Payment of the dividend will be made on 1st July 2010, discounting from it the gross amount of 0.5115 euros per share paid on account of the dividend on 4th January 2010.

Paid dividends.

Historical of dividends
Year	Concept	Date of payment	Dividends per share (euros)	Increase regarding previous year
2008	Complementary dividend	07/01/2009	0.8310
	Interim dividend	01/02/2009	0.4487
	Total		1.2797	17.7%
2007	Complementary dividend	07/01/2008	0.7003
	Interim dividend	01/02/2008	0.3868
	Total		1.0871	21%
2006	Complementary dividend	07/02/2007	0.5734
	Interim dividend	01/02/2007	0.3250
	Total		0.8984	23%
2005	Complementary dividend	01/02/2006	0.2708
	Interim dividend	07/03/2006	0.4596
	Total		0.7304	19%
2004	Complementary dividend	07/01/2005	0.3763
	Interim dividend	01/03/2005	0.2375
	Total		0.6138	12%
2003	Complementary dividend	07/01/2004	0.3360
	Interim dividend	01/02/2004	0.2120
	Total		0.5480	14.2%
2002	Complementary dividend	07/01/2003	0.2900
	Interim dividend	01/03/2003	0.1900
	Total		0.4800	5.49%
2001	Complementary dividend	07/02/2002	0.2750
	Interim dividend	01/03/2002	0.1800
	Total		0.4550	9.6%
2000	Complementary dividend	07/03/2001	0.2450
	Interim dividend	01/02/2001	0.1700
	Total		0.4150	13.7%
1999	Complementary dividend	07/03/2000	0.2150
	Interim dividend	11/22/1999	0.1500
	Total		0.3650	18.5%