| 1.1 | Approve Financial Statements | For |
| 1.2 | Approve the Dividend | For |
| 2 | Approve Non-Financial Statements | For |
| 3 | Discharge the Board | For |
| 4.1 | Set the Number of Board Directors | For |
| 4.2 | Elect Florentino Perez Rodriguez - Chair | Oppose |
| 4.3 | Elect José Luis del Valle Pérez (General Secretary) | For |
| 4.4 | Elect Antonio Botella Garcia - Non-Executive Director | For |
| 4.5 | Elect Emilio Garcia Gallego - Non-Executive Director | For |
| 4.6 | Elect Catalina Miñarro Brugarolas - Non-Executive Director | For |
| 4.7 | Elect Pedro Jose Lopez Jimenez - Non-Executive Director | Oppose |
| 4.8 | Elect Maria Soledad Perez Rodriguez - Non-Executive Director | For |
| 4.9 | Elect Lourdes Máiz Carro - Non-Executive Director | For |
| 4.10 | Elect Lourdes Fraguas Gadea - Non-Executive Director | For |
| 5.1 | Approve the Remuneration Report | Abstain |
| 5.2 | Approve Remuneration Policy | Oppose |
| 6 | Approve New Long Term Incentive Plan - Bonus Shares & Stock Options | Oppose |
| 7 | Appoint the Auditors | Abstain |
| 8 | Approve reduction in share capital by means of cancellation of the Companys own stock | For |
| 9 | Authorisation for the Board of Directors to decide on acquisition and transfer of treasury shares | Oppose |
| 10 | Delegation of powers to implement agreements adopted by shareholders at the general meeting | For |
