ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

a) For each director belonging to the Board of Directors, EUR 75,000.
b) For each director belonging to the Executive Committee, EUR 50,000.
c) For each director belonging to the Audit Committee, EUR 50,000.
d) For each director belonging to the Nomination Committee, EUR 40,000.
e) For each director belonging to the Sustainability Committee, EUR 40,000.
f) For the position of Independent Deputy Chairman, EUR 25,000.
The foregoing amounts were applied from the second half of 2009 in cases where no changes had
arisen between 2005 and 2008. After a detailed analysis of the remuneration received at
international companies and companies on the Spanish Stock Exchange's IBEX 35 index, the
Nomination and Remuneration Committee considered that the remuneration was in accordance
with that paid in the market at companies of a similar size engaging in similar activities, that the
remuneration paid was similar to that for comparable duties and dedication and that, without
compromising the directors' independence, it provided sufficient motivation to ensure their closer
involvement, if possible, on the various committees.
The total remuneration earned in the year by the directors at the Parent was as follows (in
thousands of euros):
Type of remuneration 2011 2010
Fixed remuneration 1,532 1,531
Variable remuneration 4,441 4,643
Attendance fees 1,695 1,683
Bylaw-stipulated directors' emoluments -- --
Share options and/or other financial instruments 227 --
Other -- --
Total 7,895 7,857
The directors who discharged executive duties in 2011 received as part of their variable
remuneration a total of 3,113 shares and 4,874 options on Acciona, S.A. shares under the terms
established in the regulations governing Acciona’s 2009-2012 Share and Option Plan for its senior
executives. The options granted entitle the beneficiary to acquire the same number of shares at a
price per share of EUR 53.
In 2011 and 2010 the directors of the Parent received no remuneration whatsoever for their
membership of other boards and/or for discharging senior executive functions at Group
companies.
The total remuneration paid by the Acciona Group, by type of director, was as follows (in
thousands of euros):
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