General Shareholders' Meeting call notice 2023

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 25 April 2023, resolved to call the Annual General Meeting to be held on first call on 5 June 2023, 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 6 June 2023, at the same place ant time, for the purposes of discussing and resolving on the matters contained in the Agenda.

AGENDA

I. MATTERS FOR APPROVAL

First. 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 2022.

Second. 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 2022.

Third. Examine and approve, if applicable, the proposed distribution of the profit of Red Eléctrica Corporación, S.A. for the year ended 31 December 2022.

Fourth. Examine and approve, if applicable, the report on non-financial information of the Consolidated Group of Red Eléctrica Corporación, S.A. for 2022.

Fifth. Examine and approve, if applicable, the management performance of Red Eléctrica Corporación, S.A.’s Board in 2022.

Sixth. Amendment of article 1 ("Name and legal form") of the Title I of the Articles of Association to change the Company's name.

Seventh. Amendment of the General Meeting Regulations to change the Company's name, implement proxy procedures, and make changes to certain technical aspects and to the wording.

7.1 Amendment of article 1 ("Purpose and validity of the Regulations"), article 3 ("Powers of the General Meeting"), item 1 ("List") of article 6 ("Shareholder rights") and article 9 ("Right of attendance") of the General Meeting Regulations.

7.2 Amendment of article 10 ("Proxy") and item 9 ("Remote voting before the General Meeting") of article 15 ("Quorum, discussion, and passage of resolutions") of the General Meeting Regulations.

7.3 Amendment of item 8 ("Voting") of article 15 ("Quorum, discussion, and passage of resolutions") of the General Meeting Regulations.

Eighth. Re-appointment of Mr. José Juan Ruiz Gómez as independent director.

Ninth. Remuneration of the Company´s Board of Directors.

9.1 Approve Red Eléctrica Corporación, S.A.’s Annual Directors’ Remuneration Report for 2022.

9.2 Approve the remuneration for Red Eléctrica Corporación, S.A.’s Board for 2023.

Tenth. Delegate powers to fully implement the resolutions passed at the General Meeting.

II. MATTERS REPORTED

Eleventh. Report to the Annual General Meeting on the Annual Corporate Governance Report of Red Eléctrica Corporación, S.A. for 2022.

Twelfth. Report to the General Meeting on Redeia's Annual Sustainability Report for 2022.

Thirteenth. Report to the General Meeting on Redeia's 2023-2025 Sustainability Plan.