Call notice

General Shareholders' Meeting call notice 2021

This English translation is exclusively for information purposes and is based on the original, official document in the Spanish language, available in the Spanish version on the company´s website.

The Board of Directors of Red Eléctrica Corporación, S.A. (the "Company"), at its meeting held on 5 May 2022, resolved to call the Annual General Meeting to be held on first call on 6 June 2022, at 11:00 am, at the registered office located at Pº del Conde de los Gaitanes, 177, Alcobendas, Madrid, and, if applicable, on second call on 7 June 2022, at the same time and venue, for the purposes of discussing and resolving on the matters contained in the following.

AGENDA

I. MATTERS FOR APPROVAL

One. Examine and approve, if applicable, the financial statements (balance sheet, income statement, statement of changes in total equity, statement of recognised income and expense, statement of cash flows and notes to the financial statements) and Red Eléctrica Corporación, S.A.'s directors’ report for the year ended 31 December 2021.

Two. Examine and approve, if applicable, the consolidated financial statements (consolidated statement of financial position, consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity, consolidated statement of cash flows and notes to the consolidated financial statements) and the consolidated directors’ report of the Consolidated Group of Red Eléctrica Corporación, S.A. and subsidiaries for the year ended 31 December 2021.

Three. Examine and approve, if applicable, the proposed distribution of the profit of Red Eléctrica Corporación, S.A. for the year ended 31 December 2021.

Four. Examine and approve, if applicable, the report on non-financial information of the Consolidated Group of Red Eléctrica Corporación, S.A. for 2021.

Five. Examine and approve, if applicable, the management performance of Red Eléctrica Corporación, S.A.'s Board in 2021.

Six. Appointment of directors of the Company.

6.1 Re-election as independent director of Ms. Socorro Fernández Larrea.

6.2 Re-election as independent director of Mr. Antonio Gómez Ciria.

6.3 Re-election as proprietary director of Ms. Mercedes Real Rodrigálvarez.

6.4 Ratification and appointment as proprietary director of Ms. Esther María Rituerto Martínez.

Seven. Remuneration the Company´s Board of Directors.

7.1 Approve Red Eléctrica Corporación, S.A.'s Annual Directors’ Remuneration Report 2021.

7.2 Approve the remuneration for Red Eléctrica Corporación, S.A.'s Board for 2022.

Eight. Appointment of the auditor of the Parent and the Consolidated Group for 2023, 2024 and 2025.

Nine. Delegation of powers to fully implement the resolutions passed at the General Meeting

II. MATTERS REPORTED

Ten. Report to the Annual General Meeting on the Annual Corporate Governance Report of Red Eléctrica Corporación, S.A. for 2021.

Eleven. Report to the Annual General Meeting on the Annual Sustainability Report of the Red Eléctrica Group for 2021.