| 1 | Explanatory Report on the items stipulated under article 116 bis of the Securities Market Act | Non-Voting |
| 2 | Approve the Individual Accounts and Management Report | For |
| 3 | Receive the Annual Report | For |
| 4.1 | Approve the dividend | Oppose |
| 4.2 | Approve the complementary dividend | Oppose |
| 5 | Discharge the Board | For |
| 6.1 | Re-elect Mr. Rafael del Pino y Calvo-Sotelo. | Oppose |
| 6.2 | Re-elect Portman Baela, S.L. | Oppose |
| 6.3 | Re-elect Mr. Juan Arena de la Mora | For |
| 6.4 | Re-elect Mr. Santiago Eguidazu Mayor | Oppose |
| 6.5 | Re-elect Mr. José María Pérez Tremps | Oppose |
| 6.6 | Elect Mr. Santiago Fernández Valbuena | For |
| 7 | Appoint the auditors | For |
| 8 | Amend Articles: Remuneration of Directors | For |
| 9 | Implement Remuneration Policy of Proposal 8 (if approved) | For |
| 10.1 | Amend existing executive share option scheme/plan approved in 2004 | Abstain |
| 10.2 | Amend existing executive share option scheme/plan approved in 2006 | Abstain |
| 11 | Approve annual share incentive plan | For |
| 12 | Issue convertible bonds/debt securities | Oppose |
| 13 | Authorise Share Repurchase | For |
| 14 | Delegation of Powers for the Completion of Formalities | For |
