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Annual report on directors' remuneration

This page contains the annual reports on directors' remuneration for the years 2013, 2014, 2015 and 2016, which were approved by the board of directors on its meetings of January 27, 2014, February 23, 2015, February 12, 2016 and February 21, 2017, respectively.

This website's ''Material Facts (''CNMV'')'' page includes the above mentioned documents under the format required to file them before the Spanish Securities Market Commission —Comisión Nacional del Mercado de Valores— (''CIFRADOC'') in accordance with the Commission's requirements.

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