"IBERDROLA RETRIBUCIÓN FLEXIBLE"

 Practical example of "Iberdrola Retribución Flexible" system [PDF]

Iberdrola will pay its shareholders at least 0.252 gross euros per share.

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CHOOSE TO GO FURTHER: IBERDROLA WILL PAY ITS SHAREHOLDERS AT LEAST 0.252 GROSS EUROS PER SHARE

Thanks to the "Iberdrola Retribución Flexible" remuneration system, you can choose one or combine any of the following options:

  1. Receive newly issued Iberdrola shares. This is the default option so it will be assigned to you unless you notify your bank otherwise and is the only option exempt from withholding tax.
  2. Receive cash by selling the free allocation rights on the market. If you choose this option, you must ask your bank to sell all or part of your rights on the market before 21 July. The price of these rights will vary depending on the market conditions.
  3. Receive cash by means of the Supplementary Dividend of at least €0.252 gross per share. If you choose this option, you must inform your bank or broker that you wish to receive the Supplementary Dividend, before 21 July. Payment will be made on 29 July.

For further information: 900 10 00 19

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This document does not include all of the information of this iteration of the "Iberdrola Retribución Flexible" system. For more information and to access the full terms and conditions for this iteration of the system, please consult the corporate website www.iberdrola.com or the Spanish Securities & Exchange Commission (CNMV) website www.cnmv.es Please consider taxation regarding the different options according to personal circumstances. The new shares will be delivered to shareholders free of charge and without commissions. In accordance with applicable law, the custodian of your shares will be entitled to charge the management fees and expenses it deems appropriate, including fees for handling sale and purchase orders of free-of-charge allocation rights that it deems appropriate.