| 1 | Approve the 2010 financial statements and management report of Red Eléctrica Corporación, S.A. | For |
| 2 | Approve the 2010 Consolidated Financial Statements and the 2010 Consolidated Management Report of the Consolidated Group of Red Eléctrica Corporación, S.A. | For |
| 3 | Approve the dividend | For |
| 4 | Discharge the Board | For |
| 5 | Appoint the auditors | For |
| 6.1 | Amend Articles | For |
| 6.2 | Amend Articles | For |
| 7.1 | Amend the regulations of the general shareholders meeting | For |
| 7.2 | Amend the regulations of the general shareholders meeting | For |
| 8.1 | Authorise share repurchase and use in share based plans | Oppose |
| 8.2 | Authority to allow executives to receive payment in shares | For |
| 8.3 | Revoke previous share repurchase authority | For |
| 9.1 | Approve the remuneration policy | Oppose |
| 9.2 | Approve fees payable to the Board of Directors | For |
| 10 | Delegation of powers | For |
| 11 | Receive the 2010 Annual Corporate Governance Report of Red Eléctrica Corporación S.A. | Non-Voting |
| 12 | Receive the 2010 Management Report relating to Article 116 bis of the Securities Market Law | Non-Voting |
