Corporate governance and remuneration policy 1

Lead independent director

Chairman of the Risk Committee
Member of the of the Strategy and Sustainability Committee

Bachelor of Arts, Degree in Political Science from Middlebury College, Vermont (U.S.)
Master of Arts in International Economics and Latin American Studies from Johns Hopkins University, Washington DC (U.S.)

Appointed as Director on 25th May, 2017
Re-appointed as Director on 19th April, 2018 and 24th March, 2022

Other posts:
Independent Director of Acerinox, S.A.
Member of the Executive Committee and the Audit Committee of Acerinox, S.A.
Independent Director of Merlin Properties, SOCIMI, S.A.
Chairman of the Audit and Control Committee and Member of the Nomination and Remuneration Committee of Merlin Properties, SOCIMI, S.A

Independent director

Member of the Appointments and Corporate Governance Committee
Member of the Risk Committee

Industrial engineer (major in Industrial Organisation) from the Polytechnic University of Catalonia
MBA from IESE, Barcelona
Senior Management Programme (PADE) from IESE, Barcelona

Appointed as director on 29th January, 2015
Re-appointed as director on 28th May, 2015, 28th March, 2019 and 23rd March, 2023

Other posts:
Independent Director of Repsol, S.A.
Independent Director of Atrys Health, S.A.
Member of the Executive Committee of IESE alumni
Trustee of Fundación Cellnex
Trustee of Fundación Cidob

Independent Director

Member of the Audit and Control Committee
Member of the Remuneration Committee

Degree in Business Management and Administration
Master in Business Administration (MBA) from ESADE

Appointed as director on 10th April, 2024

Other posts:
Head of the Finance Department and Director of Porcelanosa, S.A.
Director of Iberdrola España, S.A.U.
Member of the Audit and Compliance Committee of Iberdrola España, S.A.U.
Member of the Board of the Valencia regional chapter of Asociación Española de Directivos

Independent  Director

Member of the Credit Delegated Committee
Member of the Strategy and Sustainability Committee

Degree in Telecommunications Engineering from Polytechnic University of Catalonia, Barcelona
Finances for Executives from ESADE, Barcelona
General Management Program from IESE Business School, Barcelona

Appointed as Director on 28th July, 2021
Re-appointed as Director on 24th March, 2022

Other posts:
President of The Cellnex Foundation

Other External Director

Member of the Strategy and Sustainability Committee
Member of the Appointments and Corporate Governance Committee

Spanish State Attorney

Appointed as Director on 24th May, 2018
Re-appointed as Director on 28st March, 2019 and 23rd March, 2023

General Secretary since 2008 to 2021

Other posts:
Independent Director of Iberpapel Gestión, S.A.
Independent Director of ACS, Actividades de Construcción y Servicios, S.A.
Independent Director of EDP - Energias de Portugal, S.A.
Trustee of Fundación Banco Sabadell
Trustee of Fundación de la Asociación Española de Banca
Trustee of Fundación ACS

Independent director

Chair of the Remuneration Committee
Member of the Appointments and Corporate Governance Committee

Ph.D. Faculty of Economics and Business, University of Barcelona
M.Sc. Economics (Cum Laude), Pompeu Fabra University, Barcelona
B.A. Economics, Pompeu Fabra University, Barcelona

Appointed as director on 26^th March, 2020
Re-appointed as director on 10th April, 2024

Other posts:
Propietary Director of Sabadell Consumer Finance, S.A.U.
Director of International Initiatives, Wharton Research Data Services, The Wharton School, University of Pennsylvania (U.S.)
Professor and Director of Finance Department, IESE Business School, Barcelona
European Corporate Governance Institute (ECGI, Brussels), Research Member
World Economic Forum, Expert Network – Corporate Governance
Member of Center for Economic Policy
Trustee of Fundación Aula Escola Europea

Independent Director

Member of the Audit and Control Committee
Member of the Remuneration Committee

Degree in Pharmacy, industrial specialty, Complutense University of Madrid
Executive MBA, IE Business School, Madrid
Executive management courses and programs at IMD, Harvard, Kellogg and INSEAD

Appointed as Director on 26th May, 2022
Re-appointed as director on 23rd March, 2023

Other posts:
Independent Director of Acerinox, S.A.
Independent Director of Viscofan, S.A.
ISS Facility Services Advisory Council Member
Non-executive president of the Asociación para el Progreso de la Dirección – APD

Proprietary director

Master of Business Administration (MBA) from Harvard Business School, Boston (U.S.)
Bachelor's Degree in Philosophy from the Pontifical Gregorian University, Italy
Degree in Electrical/Mechanical Engineering from the National Autonomous University of Mexico

First appointed as director 27th March, 2014
Re-appointed as director on 19th April, 2018 and 24th March, 2022

Other posts:
Director of Alfa, S.A.B.
Director of Vitro, S.A.B.
Director of Cemex, S.A.B.
Director of ICA Tenedora, S.A. de C.V.

Independent Director

Member of the Credit Delegated Committee
Member of the Risk Committee

Bachelor’s Degree (BA) in Law, Economics and Business Administration from ICADE, Madrid
PhD in Quantitative Approaches and Financial Markets from ICADE, Madrid

Appointed Director on 24 September 2020
Re-appointed as Director on 26th March, 2021

Other posts:
Independent Director of Ferrovial SE
Independent Director of KBC Group N.V.
Director of KBC BANK. N.V.
Independent Director of EDP - Energias de Portugal, S.A.

Independent director

Chairman of the Audit and Control Committee
Member of the Risk Committee

Degree in Economics and Business Administration from the University of Barcelona
Postgraduate in Business Administration from IESE, University of Navarra
Chartered Accountants
Member of the Official Register of Auditors in Spain (Registro Oficial de Auditores de Cuentas)

Appointed as director on 22nd September, 2016
Re-appointed as director on 30th March, 2017 and 26th March, 2021

Other posts:
Lead Independent Director of Renta Corporación Real Estate, S.A.
Chairman of the Audit Committe of Renta Corporación Real Estate, S.A.

Director – Chief Risk Officer

Degree in Economics and Business, General Economics (Applied Economics), from the Autonomous University of Barcelona
Master in Economics, major in Capital Markets, from London School of Economics and Political Science (London, UK)

First appointed as director May 28th, 2015
Re-appointed as director on 28th March, 2019 and 23rd March, 2023

Other posts:
Independent Director of Amadeus IT Group, S.A.
Member (non-executive position) of the Advisory Board of Roca Junyent, S.L.P.
Member of Fundación Pasqual Maragall
President of Tertulias Hispano-Británicas Forum

Independent Director

Member of the Credit Delegated Committee
Member of the Audit and Control Committee

Degree in Business Administration, University of Barcelona
Degree in Business Administration and MBA, ESADE
Diploma in Advanced Studies, major in Financial Economics, Complutense University of Madrid

Appointed as Director on 23th March, 2023

Other posts:
CEO and Deputy Chairman of Inmobiliaria Colonial and Member of its Executive Committee
Other posts in Colonial Group:
- Chairman of the Board and Chairman of the Remuneration Committee of Société Foncière Lyonnaise (SFL)
- Chairman of Utopicus Innovación Cultural S.L.
Independent Director of Blue Self Storage, S.L.
Chairman of the European Real Estate Association
Trustee of Fundación ESADE
Member of the Barcelona Chamber of Commerce