"IBERDROLA RETRIBUCIÓN FLEXIBLE"

 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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CHOOSE TO GO FURTHER: IBERDROLA WILL PAY ITS SHAREHOLDERS 0.168 EUROS GROSS PER SHARE

And now, thanks to the "Iberdrola Retribución Flexible" remuneration scheme, you can choose to combine any of the following options:

  1. Receive 1 new Iberdrola share for every 70 cost-free allocation rights. This option will be assigned to you by default if you do not notify us otherwise, and is the only option exempt from tax withholding.
  2. Receive cash by selling the cost-free allocation rights on the market. You must request that your depository sell your rights on the market, wholly or in part, before 26 January. The price of these rights will vary depending on market conditions.
  3. Cash payout by receiving the interim dividend of 0.168 euros gross per share. You must inform the depository before 26 January that you would like the interim dividend to be paid out. Payment will be made on 8 February 2021.

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.