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

Iberdrola will play an interim dividend of at least 0.168 euros gross per share.

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Now is the time to choose or combine the following three options:

  1. 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 some of your rights on the market before 26 January 2021. The price of these rights will vary depending on market conditions.
  2. 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.
  3. Receive cash by means of the Interim Dividend of at least €0.168 gross per share. If you choose this option, you must inform your bank that you wish to receive the Interim Dividend, before 26 January 2021. Payment will be made on 8 February.

For further information: 900 10 00 19

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This document does not include all of the information of this 2020 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.