"IBERDROLA RETRIBUCIÓN FLEXIBLE"

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

Iberdrola Retribución Flexible. Iberdrola is increasing complementary remuneration for its shareholders by 5.1% compared to the previous year, paying out: a gross sum of 0.186 per share.

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IBERDROLA IS INCREASING COMPLEMENTARY REMUNERATION FOR ITS SHAREHOLDERS BY 5.1% COMPARED TO THE PREVIOUS YEAR, PAYING OUT: A GROSS SUM OF €0.186 PER SHARE

Furthermore, with the new remuneration system “Iberdrola Retribución Flexible”, you can choose or combine 3 options:

1. Receive 1 new Iberdrola share for every 35 cost-free allocation rights.

This option shall be applied by default if you do not specify any other choice.

2. Receive cash by selling the cost-free allocation rights on the market.

For this option you must request that your depository sell your rights on the market, wholly or in part, before the 23rd of July 2018.

3. Cash payout by receiving the complementary gross dividend for the 2017 financial year of €0.186 per share.

For this you must request the complementary dividend from your depository before the 19th of July 2018. Payment will take place on the 25th of July 2018.

For more information dial: 900 10 00 19

Please consider taxation regarding the different options according to personal circumstances.  The new shares will be allocated 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.

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