Further to your request, and in accordance with our engagement letter dated have examined the information concerning the System of Internal Control over Financial Reporting (Sistema de Control Interno sobre la Información Financiera, hereinafter “SCIIF”) of Red Eléctrica Corporación, S.A. (the Parent) and subsidiaries (the Red Electrica consolidated Group or the Group) described in note F of the accompanying Annual Corporate Governance Report at 31 December 2016.