

| REPSOL SA | 19/05/2016 AGM | |
|---|---|---|
| 1 | Receive the Annual Report | For |
| 2 | Approve the Dividend | For |
| 3 | Discharge the Board | For |
| 4 | Appoint the Auditors | Oppose |
| 5 | Authorise the Scrip Dividend I | For |
| 6 | Authorise the Scrip Dividend II | For |
| 7 | Approve five additional cycles to the existing Share Acquisition Plan | Oppose |
| 8 | Re-elect Isidro Faine Casas | Oppose |
| 9 | Elect Gonzalo Gortazar Rotaeche | Oppose |
| 10 | Approve the Remuneration Report | Abstain |
| 11 | Approve a New Bonus Plan for the CEO | Oppose |
| 12 | Powers to carry out all legal formalities | For |