Shareholders and Investor Relations Office
  • C/ J.M. Iturrioz, 26
    20200 Beasain - Gipuzkoa
    Spain
  • +34 943 18 92 62
  • +34 943 18 92 26
  • Email: accionistas@caf.net
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PROXY VOTES AND REMOTE PARTICIPATION AT THE GENERAL MEETINGS

1.- Right to remote representation and participation

Those shareholders who so require, can exercise their right to vote remotely or alternatively be represented by a proxy holder even if the proxy holder is not a shareholder, in the terms laid down in the Capital Companies Act, in articles 21, 22 and 22 bis of the Articles of Association, in articles 9, 9 bis and 12 of the Rules of Procedure of the General Shareholders' Meeting, and in the proxy vote or remote voting forms provided by the Company.


Shareholders should send to the Company the form provided, duly filled out in the relevant section, by post or by e-mail, or by any other means of remote communication permitted in the General Meeting call-notice, and always pursuant to the instructions provided in such forms.


Alternatively, the proxy vote or remote voting forms issued by the securities depository or by any of the participating entities in “Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A. Unipersonal (IBERCLEAR) may be used. These forms must be sent by registered post with acknowledgement of receipt and must be duly completed in accordance with the instructions which accompany such form. Any issues which are not covered in the alternative forms referred to in this paragraph will be subject to the rules laid out in the forms distributed by the Company to the shareholders.


In order to be valid, votes or proxy votes cast remotely must be received by the Company at least 24 (twenty-four) hours before the established time and date of the General Meeting at first call.

Shareholders who cast their votes remotely shall be considered as attending for the purpose of constituting the meeting.


2.- Basic Priority Rules

Attendance at the General Meeting shall mean the revocation of the vote cast using whatever remote method as well as the revocation of any proxy appointed by any means.


When a proxy had been appointed prior to the remote vote being cast, and the Company has record of such proxy appointment, then, the proxy will be revoked and the remote vote validly cast will prevail.


Unless otherwise stated in the meeting notice or in the proxy appointment or remote voting forms provided by the Company to the shareholders, if a shareholder appoints several valid proxies remotely, the most recent of these will prevail. The same applies for successively cast remote votes.



3.-Availability of the proxy and remote voting form

The proxy vote and remote voting forms made available to the shareholders by the Company will be available uninterruptedly on the corporate website (www.caf.net), from the date of publication of the General Meeting Call-Notice, as will the other regulations and rules of procedure governing the right for representation and remote attendance at the General Meeting.