Shareholder remuneration policy

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Barcelona, May 19, 2017. - The board of directors will propose to the Annual General Meeting which is scheduled to be held on June 22 at first call and, if necessary quorum is not met, on June 23, on second call, the approval of Shareholder remuneration policy for the next four years.

The Shareholder remuneration policy has been set in accordance with articles 273 and following of the Spanish Companies Law, article 38 of the company's By-laws and the recommendations of corporate governance.

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