Repsol

Appointment and Compensation Committee

This Committee is comprised of at least three Directors appointed by the Board; they may not be Executive Directors. The Appointment and Compensation Committee is comprised of:

This Committee, constituted on 27 February 1995, is responsible for proposing and reporting to the Board of Directors on the selection and dismissal of Directors, appointments and compensation and, in particular, proposing the compensation regime of the Chairman and Chief Executive Officer, reporting on the appointment of Company Senior Executives and the general compensation and incentive policy for said Senior Executives; reporting on the compensation of Directors and, in general, proposing and reporting on any other matter related thereto required by the Chairman or the Board of Directors.

The Committee meets whenever the Board or its Chairman requests reports to be issued or proposals to be adopted within the scope of its duties.

Last updated: 18 April 2011