Due to the fact that the period of validity (of the Remuneration Policy for Board Directors of Red Eléctrica Corporación, S.A., approved by the General Shareholders’ Meeting on 15 April 2015 had expired, the new Remuneration Policy for Board Directors, applicable for 2020, was approved for the following three-year period by the Ordinary General Shareholders’ Meeting held on 22 March 2019.