Advisory Comittee FAQs

No. Committee members are volunteers.However, Repsol will manage and cover the costs for Committee members to travel from their normal place of residence to locations of meetings or corporate events to which they have been invited. When necessary, Repsol will also cover accommodation costs.

The committee will meet in the location indicated in the call. Generally, meetings are held at the company headquarters on calle Méndez Álvaro, 44 in Madrid.

The committee usually meets twice (2 times) a year.

Yes. Nevertheless, if there is a valid reason that a member is unable to attend, he or she may be represented by another member, who must be duly instructed on the positions to be adopted in the name of the absent member regarding the issues the Committee has taken under consideration.

Yes. Members attending committee meetings may represent no more than one other member. In other words, each member can only represent one other member.

Your shares must be registered under your name with the Spanish central securities depository, Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A. (IBERCLEAR), where Repsol, S.A. shares are held and managed.

Yes. Members must maintain ownership of a minimum of 850 Repsol shares for the entirety of their membership.

Yes, under the condition that there are never less than 850 Repsol shares in your portfolio.

Repsol will appoint the Secretary of the Committee, who may or may not be a member of the Committee.

Not necessarily. Repsol may publish reports and minutes on issues addressed by the Committee on its website, in Shareholders Community section, or by any other means it deems appropriate.

Yes. Before joining the Committee, the elected members make a commitment to keep any confidential information in strict confidence and agree not disclose any confidential information they have access to during their membership. This duty will remain in force for five (5) years following the end of their membership.

The Suggestions Mailbox serves as a communication channel between shareholders and members of the Advisory Committee. Shareholders can use it to communicate their comments, suggestions, or concerns to elected members.

Yes, under the condition that you meet the requirements established in the regulations to become a Committee member.

Committee members will be selected from those applicants who have submitted valid applications before the deadline indicated in the call. When selecting Committee members, Repsol's aim is to ensure that the Committee reflects the diversity of its shareholder base as much as possible.