

| ZARDOYA OTIS SA | 23/05/2017 AGM | |
|---|---|---|
| 1 | Approve Consolidated Financial Statements | Abstain |
| 2 | Approve the Allocation of Income | For |
| 3 | Discharge the Board | For |
| 4 | Approve Special Cash Dividend | Oppose |
| 5 | Appoint the Auditors | Oppose |
| 6 | Approve the Remuneration Report | Oppose |
| 7 | Approve Remuneration Policy | Oppose |
| 8 | Determine Profit Sharing Remuneration | Oppose |
| 9 | Authorise Share Repurchase | Oppose |
| 10 | Authorize Board to Ratify and Execute Approved Resolutions | For |
| 11 | Questions | Non-Voting |
| 12 | Approve Minutes of Meeting | For |