This report on remuneration policy for the Directors of Red Eléctrica Corporación, S.A. (“Red Eléctrica” or “the Company") has been prepared in accordance with the provisions of the Corporate Bylaws and the Board Regulations.

International declarations on human rights recognise, as a legal principle, the universal equality between women and men, proclaimed also in the European Union and whose intention is to enrich society and to contribute to its economic development.

This report on compensation policy for the Directors of Red Eléctrica Corporación, S.A. (“Red Eléctrica” or “the Company") has been prepared in accordance with the provisions of the Corporate Bylaws and the Board Regulations.

International declarations on human rights recognise, as a legal principle, the universal equality between women and men, proclaimed also in the European Union and whose intention is to enrich society and to contribute to its economic development.

This report on compensation policy for the Directors of Red Eléctrica Corporación, S.A. (“Red Eléctrica” or “the Company") has been prepared in accordance with the provisions of the Corporate Bylaws and the Board Regulations.

This report on compensation policy for the Directors of Red Eléctrica Corporación, S.A. (“Red Eléctrica” or “the Company") has been prepared in accordance with the provisions of the Corporate Bylaws and the Board Regulations.

This report on compensation policy for the Directors of Red Eléctrica Corporación, S.A. (“Red Eléctrica” or “the Company") has been prepared in accordance with the provisions of the Corporate Bylaws and the Board Regulations

International declarations on human rights recognise, as a legal principle, the universal equality between women and men, proclaimed also in the European Union and whose intention is to enrich society and to contribute to its economic development.