<SEC-DOCUMENT>0001104659-22-070302.txt : 20220613
<SEC-HEADER>0001104659-22-070302.hdr.sgml : 20220613
<ACCEPTANCE-DATETIME>20220613060136
ACCESSION NUMBER:		0001104659-22-070302
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220613
FILED AS OF DATE:		20220613
DATE AS OF CHANGE:		20220613

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Grifols SA
		CENTRAL INDEX KEY:			0001438569
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35193
		FILM NUMBER:		221010622

	BUSINESS ADDRESS:	
		STREET 1:		1585 BROADWAY
		STREET 2:		SUITE 2376
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-969-3335

	MAIL ADDRESS:	
		STREET 1:		1585 BROADWAY
		STREET 2:		SUITE 2376
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2218268d1_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month June&nbsp;2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Commission File No.&nbsp;001-35193)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Grifols, S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Avinguda de la Generalitat, 152-158</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Parc de Negocis Can Sant Joan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Sant Cugat del Valles 08174</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Barcelona, Spain</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of registrant&rsquo;s principal executive
office)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;Indicate by check mark whether the registrant
files or will file annual reports under cover Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form&nbsp;20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;
Form&nbsp;40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting
the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101 (b)&nbsp;(1):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;
No <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting
the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101 (b)&nbsp;(7):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;
No <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant
by furnishing the information contained in this Form&nbsp;is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b)&nbsp;under
the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;
No <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If &ldquo;Yes&rdquo; is marked, indicate below the file number assigned
to the registrant in connection with Rule&nbsp;12g3-2(b): 82-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Grifols, S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Item</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Sequential&nbsp;Page&nbsp;Number</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; width: 10%"><A HREF="#a_001"><FONT STYLE="font-size: 10pt">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></FONT></A></TD>
    <TD STYLE="width: 70%"><A HREF="#a_001"><FONT STYLE="font-size: 10pt"><U>Other Relevant Information, dated June 10, 2022</U></FONT></A></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 18%"><A HREF="#a_001"><FONT STYLE="font-size: 10pt">3</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="3" STYLE="width: 72%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="width: 28%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Grifols, S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Avinguda de la Generalitat 152-158 08174 Sant Cugat del Vall&egrave;s</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Barcelona - ESPA&Ntilde;A</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tel. [34] 935 710 500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fax [34] 935 710 267</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">www.grifols.com</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the provisions of article 227 of
the Consolidated Text of the Securities Market Act, approved by the Legislative Royal Decree 4/2015, of 23 October, Grifols, S.A. (the
&quot;<B>Company</B>&quot;) hereby informs about the following</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_001"></A><B>OTHER RELEVANT INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Ordinary General Shareholders' Meeting
                                            held on today's date, on second call, has passed the proposals submitted to the shareholders'
                                            approval, with the exception of the resolution concerning the item twelfth of the agenda
                                            (<I>Authorization to the Board of Directors to call, if necessary, an Extraordinary General
                                            Shareholders' Meeting of the Company with at least 15 days in advance, in accordance with
                                            Article&nbsp;515 of the Capital Companies Act</I>), which has not reached a sufficient majority
                                            of votes in favor. The complete text of the proposals is attached hereto as <U>Annex 1</U>
                                            and may also be viewed on the Company's website (<U>www.grifols.com</U>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">The Company's Board of Directors, at its
                                            meeting held today 10 June&nbsp;2022 after the Ordinary General Shareholders' Meeting has
                                            unanimously resolved to:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify">Reorganize the Company's Appointments and
                                            Remuneration Committee in order to appoint Ms.&nbsp;Susana Gonz&aacute;lez Rodr&iacute;guez,
                                            independent director of the Company's Board of Directors, as new member of the Committee,
                                            and Mr.&nbsp;James Costos, independent director of the Company's Board of Directors, Chairman
                                            of the Committee, replacing Ms.&nbsp;Marla E. Salmon.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">As a consequence of the foregoing,
the Appointments and Remuneration Committee is composed as of today's date by the following members:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 83%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; border: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>Director</I></B></FONT></TD>
    <TD STYLE="width: 33%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>Position</I></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; width: 20%; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B><I>Category</I></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Mr.&nbsp;James
    Costos</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Chairperson</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Independent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Ms.&nbsp;Susana
    Gonz&aacute;lez Rodr&iacute;guez</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Independent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Mr.&nbsp;Tom&aacute;s
    Dag&aacute; Gelabert</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Other
    external</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Ms.&nbsp;N&uacute;ria
    Mart&iacute;n Barn&eacute;s</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Secretary
    (non-member)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify">Reorganize the Company's Audit Committee
                                            in order to appoint Ms.&nbsp;Carina Szpilka L&aacute;zaro, independent director of the Company's
                                            Board of Directors, as new member of the Committee, replacing Ms.&nbsp;Bel&eacute;n Villalonga
                                            Moren&eacute;s.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">As a consequence of the foregoing,
the Audit Committee is composed as of today's date by the following members:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 83%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; border: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>Director</I></B></FONT></TD>
    <TD STYLE="width: 33%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>Position</I></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 20%; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>Category</I></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Mr.&nbsp;&Iacute;&ntilde;igo
    S&aacute;nchez-Asia&iacute;n Mardones</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Chairperson</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Independent</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; width: 47%; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Ms.&nbsp;Carina
    Szpilka L&aacute;zaro</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 33%; border-bottom: Black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 20%; border-bottom: Black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Independent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Mr.&nbsp;Steven
    F. Mayer</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Independent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Mr.&nbsp;Tom&aacute;s
    Dag&aacute; Gelabert</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Secretary
    (non-member)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify">Reorganize the Company's Sustainability
                                            Committee in order to appoint Ms.&nbsp;Montserrat Mu&ntilde;oz Abellana, independent director
                                            of the Company's Board of Directors, as new member of the Committee, replacing Ms.&nbsp;Carina
                                            Szpilka L&aacute;zaro.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">As a consequence of the foregoing,
the Sustainability Committee is composed as of today's date by the following members:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 83%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; border: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>Director</I></B></FONT></TD>
    <TD STYLE="width: 33%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>Position</I></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; width: 20%; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B><I>Category</I></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Mr.&nbsp;Thomas
    Glanzmann</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Chairperson</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Other
    external</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Ms.&nbsp;Montserrat
    Mu&ntilde;oz Abellana</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Independent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Ms.&nbsp;Enriqueta
    Felip Font</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Independent</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Ms.&nbsp;N&uacute;ria
    Mart&iacute;n Barn&eacute;s</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.35pt"><FONT STYLE="font-size: 10pt">Secretary
    (non-member)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In Barcelona, on 10 June&nbsp;2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms.&nbsp;N&uacute;ria Mart&iacute;n Barn&eacute;s</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Secretary to the Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ANNEX 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GRIFOLS, S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROPOSED RESOLUTIONS TO BE SUBMITTED TO THE
GENERAL SHAREHOLDERS' MEETING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(9/ 10 June&nbsp;2022)</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>First.</U></B></TD><TD STYLE="text-align: justify"><B><U>Review and approval,
                                            as the case may be, of the individual annual accounts and management report, as well as the
                                            proposal for allocation of results relating to the fiscal year ended December&nbsp;31, 2021</U>.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">A.</TD><TD STYLE="text-align: justify">To approve the Company&rsquo;s individual
                                            annual accounts, which are composed of the balance sheet, the profit and loss account, the
                                            statement of changes in net equity, the cash flow statement and the annual report, as well
                                            as the individual management report, relating to the fiscal year ended December&nbsp;31,
                                            2021, which show losses in thousands of Euros of EUR 140,728.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in">The Company's individual annual accounts
correspond to the audited accounts and will be deposited with the Commercial Registry.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">B.</TD><TD>In accordance with the submitted annual accounts, to approve the following
                                            allocation of results in thousands of Euros:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 73%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; border-bottom: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">To Voluntary reserve:</FONT></TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding-left: 45.3pt"><FONT STYLE="font-size: 10pt">EUR</FONT></TD>
    <TD STYLE="width: 20%; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(140,728)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>TOTAL</I></FONT></TD>
    <TD STYLE="padding-left: 45.3pt"><FONT STYLE="font-size: 10pt"><I>EUR</I></FONT></TD>
    <TD STYLE="padding-left: 0.125in; text-align: right"><FONT STYLE="font-size: 10pt"><I>(140,728)</I></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>Second.</U></B></TD><TD STYLE="text-align: justify"><B><U>Review and approval,
                                            as the case may be, of the consolidated annual accounts and management report relating to
                                            the fiscal year ended December&nbsp;31, 2021</U>.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">To approve the consolidated annual accounts
of the Group, which are composed of the consolidated balance sheet, the profit and loss account, the statement of changes in net equity,
the cash flow statement and the annual report, as well as the management report of the Group, relating to the fiscal year ended December&nbsp;31,
2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The Company's consolidated annual accounts
correspond with the audited accounts and will be deposited with the Commercial Registry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>Third.</U></B></TD><TD STYLE="text-align: justify"><B><U>Review and approval,
                                            as the case may be, of the consolidated non-financial information statement included in the
                                            consolidated management report relating to the fiscal year ended December&nbsp;31, 2021.</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">To approve the consolidated non-financial
information statement included in the consolidated management report relating to the fiscal year ended December&nbsp;31, 2021. Such statement
has been subject to verification in accordance with the current regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>Fourth.</U></B></TD><TD><B><U>Review and approval, as the case may be, of the
                                            performance of the Board of Directors throughout the fiscal year ended December&nbsp;31,
                                            2021</U>.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">To approve the management of the Board
of Directors, at both Company and Group level, throughout the fiscal year ended December&nbsp;31, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Fifth.</U></B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Re-election
                                            of auditor of the consolidated annual accounts</U>.</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">As established under article 40 of Law
22/2015, of 20 July, of audit accounts, to re-elect as auditor of the Company&rsquo;s consolidated annual accounts, the company KPMG
Auditores, S.L., registered in the Official Registry of Auditors (<I>Registro Oficial de Auditores de Cuentas del Instituto de Contabilidad
y Auditor&iacute;a de Cuentas</I>) under number S0702, with registered office in Madrid, Paseo de la Castellana, n&ordm; 259 C, registered
in the Commercial Registry of Madrid, under Volume 11,961, Sheet M-188,007 and provided with Tax Identification Card number B-78510153,
for a term of one year starting on January&nbsp;1, 2022. Such appointment will therefore comprise the audit of the annual accounts for
the fiscal year to be ended on December&nbsp;31, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>Sixth.</U></B></TD><TD STYLE="text-align: justify"><B><U>Resignation, dismissal,
                                            re-election and/or appointment, as the case may be, of directors. Modification, if applicable,
                                            of the number of members of the Board of Directors</U>:</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>6.1.</B></TD><TD STYLE="text-align: justify"><B>Information on the non-re-election
                                            of Ms.&nbsp;Bel&eacute;n Villalonga Moren&eacute;s as member of the Board of Directors due
                                            to expiration of her term.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">It is noted that the Board of Directors
has not proposed that Ms.&nbsp;Bel&eacute;n Villalonga Moren&eacute;s, whose term as director ends this year, is re-elected as director,
thanking her for the services provided up to date and approving her performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>6.2.</B></TD><TD><B>Information on the non-re-election of Ms.&nbsp;Marla E. Salmon
                                            as member of the Board of Directors due to expiration of her term.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">It is noted that the Board of Directors
has not proposed that Ms.&nbsp;Marla E. Salmon, whose term as director ends this year, is re-elected as director, thanking her for the
services provided up to date and approving her performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>6.3.</B></TD><TD><B>Appointment of Ms.&nbsp;Montserrat Mu&ntilde;oz Abellana
                                            as member of the Board of Directors.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">To appoint, prior proposal of the
Appointments and Remuneration Committee, Ms.&nbsp;Montserrat Mu&ntilde;oz Abellana as a director of the Company for a term of four (4)&nbsp;years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">It is expressly stated that, according
to said proposal by the Committee,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">Ms.&nbsp;Mu&ntilde;oz will be considered
an &ldquo;independent&#750; director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In order to approve this resolution,
the shareholders shall be provided with this proposal and the Board of Directors' report regarding the competence, experience and merits
of the director, in compliance with the Capital Companies Act (<I>Ley de Sociedades de Capital</I>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>6.4.</B></TD><TD><B>Appointment of Ms.&nbsp;Susana Gonz&aacute;lez Rodr&iacute;guez
                                            as member of the Board of Directors</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">To appoint, prior proposal of the
Appointments and Remuneration Committee, Ms.&nbsp;Susana Gonz&aacute;lez Rodr&iacute;guez as a director of the Company for a term of
four (4)&nbsp;years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">It is expressly stated that, according
to said proposal by the Committee,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">Ms.&nbsp;Gonz&aacute;lez will be considered
an &ldquo;independent&#750; director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In order to approve this resolution,
the shareholders shall be provided with this proposal and the Board of Directors' report regarding the competence, experience and merits
of the director, in compliance with the Capital Companies Act (<I>Ley de Sociedades de Capital</I>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Seventh.</U></B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Amendment
                                            of the Company's Articles of Association</U>:</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>7.1.</B></TD><TD STYLE="text-align: justify"><B>Amendment of articles 16 and
                                            17.bis related to the right to attend, proxy granting and representation at the General Shareholders&rsquo;
                                            Meeting and the casting of votes through distance voting systems in order to adequate their
                                            content to the latest amendments of the Capital Companies Act as well as introducing substantive
                                            and technical improvements in their wording.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In view of the mandatory report of
the Board of Directors, amend articles 16 and 17.bis of the Articles of Association, related to the right to attend, proxy granting and
representation at the General Shareholders&rsquo; Meeting and the casting of votes through distance voting systems in order to adequate
their content to the Capital Companies Act currently in force, which was recently modified pursuant to Law 5/2021 of 12 April, regarding
the promotion of the long-term involvement of shareholders in listed companies, with respect to the possibility of holding general shareholders'
meetings exclusively by telematic mean, as well as introducing substantive and technical improvements in their wording.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">The mentioned articles will read as
follows (<I>in italics</I>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify"><B><I><U>Article&nbsp;16.- Right to
attend, proxy granting and representation at the General Shareholders&rsquo; Meeting.-</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>1.</I></TD><TD STYLE="text-align: justify"><I>All Company shareholders shall
                                            be entitled to attend the general meeting as long as their shares appear registered under
                                            their name in the accounting registry at least five (5)&nbsp;days in advance from the date
                                            on which the meeting is to be held.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>2.</I></TD><TD STYLE="text-align: justify"><I>The
                                            General Shareholders' Meeting may be held in the following ways: in person only, in person
                                            with the possibility of attending by telematic means or exclusively by telematic means.</I></TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                             <TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify"><I>&nbsp;</I></TD><TD STYLE="text-align: justify"><I>&nbsp;</I></TD><TD STYLE="text-align: justify"><I>When
                                            the Board of Directors approves the holding of a physical meeting with the possibility of
                                            attendance by telematic means, the shareholders and the proxy-holders with the right to attend
                                            the General Shareholders' Meeting may attend by remote, simultaneous and bidirectional connection
                                            via telematic means that duly guarantees the identity of the shareholder or the proxy- holder,
                                            as well as the correct exercise of its rights. Such possibility must be included in the notice
                                            of the calling of the General Shareholders' Meeting, specifying the deadlines, procedures
                                            and means under which the shareholders with right of attendance, and proxy-holders, may exercise
                                            their rights. The Board of Directors may also approve procedural rules&nbsp;regarding the
                                            attendance to the General Shareholders' Meeting by telematic means.</I></TD></TR>
                                                                             </TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>3.</I></TD><TD STYLE="text-align: justify"><I>The
                                            General Shareholders' Meeting may be held exclusively by telematic means, and therefore,
                                            without the physical attendance of its shareholders, their proxy-holders and, if applicable,
                                            the members of the Board of Directors, when so permitted by the applicable regulations, in
                                            which case it shall be deemed to be held at the registered offices of the Company. Likewise,
                                            the Board of Directors shall establish in the call notice the procedure for the exercise
                                            by this means of the shareholders' rights, adapted, when appropriate, to the special circumstances
                                            deriving from its nature. In any case, the provisions established in the applicable regulations
                                            from time to time shall be observed.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>4.</I></TD><TD STYLE="text-align: justify"><I>Notwithstanding the foregoing,
                                            all shareholders with right to attend the meeting, according to the provisions set forth
                                            herein, may do so by means of a proxy, even when such proxy is not a shareholder.</I></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                             <TR STYLE="vertical-align: top">
<TD><I>&nbsp;</I></TD><TD><I>&nbsp;</I></TD><TD STYLE="text-align: justify"><I>Proxy representation must be granted on a special basis
                                            for each meeting, either in writing or by distance communication systems, as long as the
                                            identity of the represented shareholder, the proxy- holder and the contents of the proxy
                                            itself are duly guaranteed.</I></TD></TR>
                                                                                                             <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                             <TR STYLE="vertical-align: top">
<TD><I>&nbsp;</I></TD><TD><I>&nbsp;</I></TD><TD STYLE="text-align: justify"><I>In the event the representation is granted to a legal
                                            entity, such entity shall appoint an individual as its proxy representative, as established
                                            by the Law.</I></TD></TR>
                                                                                                             </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in"><B><I><U>Article&nbsp;17.bis.- Casting
of votes through distance voting systems.-</U></I></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>1</I></TD><TD STYLE="text-align: justify"><I>All
                                            shareholders who have right to attend the Meeting may cast their vote regarding the proposals
                                            included in the agenda through the following systems of communication:</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 144pt"></TD><TD STYLE="text-align: justify; width: 33.1pt"><I>(a)</I></TD><TD STYLE="text-align: justify"><I>By
                                            postal correspondence, through the sending of the attendance, proxy representation and distance
                                            vote card, duly signed and with indication of the sense of their vote; or</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 144pt"></TD><TD STYLE="text-align: justify; width: 33.1pt"><I>(b)</I></TD><TD STYLE="text-align: justify"><I>By
                                            electronic correspondence or any other distance voting systems in accordance with the instructions
                                            contained on the corporate web page&nbsp;of the Company, provided that the safety of the
                                            electronic communications is duly guaranteed and the electronic document through which the
                                            voting right is exercised includes a qualified electronic signature, according to the provisions
                                            of the applicable regulation or that, without fulfilling the requirements for the qualified
                                            electronic signature, such electronic signature is deemed to be valid by the Board of Directors
                                            for having the adequate guarantees as to the authenticity and identification of the shareholder
                                            who is exercising his voting right.</I></TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                                    <TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify">&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: justify"><I>Votes received through distance voting systems
                                           will not be valid if not received by the Company before midnight (24:00) on the day prior
                                           to the date that the General Shareholders' Meeting is scheduled at its first call or second
                                           call, whichever is applicable.</I></TD></TR>
                                                                                                                                                    </TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 122pt"></TD><TD STYLE="text-align: justify; width: 22.6pt"><I>2</I></TD><TD STYLE="text-align: justify"><I>In
                                            the event that the General Shareholders' Meeting is held exclusively by telematic means,
                                            the shareholders may also delegate or vote in advance on the proposals on items included
                                            in the agenda by any of the means set forth in the preceding paragraph.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>3</I></TD><TD STYLE="text-align: justify"><I>The notice of the General Shareholders&rsquo;
                                            Meeting shall state the deadlines, means and procedures for casting the vote through distance
                                            voting systems.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>4</I></TD><TD STYLE="text-align: justify"><I>The
                                            shareholders who cast their vote through distance voting systems pursuant to this article
                                            shall be deemed as present to the effects of convening the meeting. In consequence, the delegations
                                            issued previously shall be deemed revoked and those conferred afterwards shall be deemed
                                            as not effected.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>5</I></TD><TD STYLE="text-align: justify"><I>Notwithstanding
                                            the foregoing, a vote casted by distance voting systems shall be rendered void by the personal
                                            attendance of the shareholder casting the vote to the Meeting.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 1in"></TD><TD STYLE="text-align: justify; width: 0.5in"><B>7.2.</B></TD><TD STYLE="text-align: justify"><B>Amendment
                                            of article 20.bis related to the remuneration of the Board of Directors in order to adequate
                                            its content to the latest amendments of the Capital Companies Act as well as introducing
                                            substantive and technical improvements in its wording.</B></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In view of the mandatory report of
the Board of Directors, amend article 20.bis of the Articles of Association, related to the remuneration of the Board of Directors in
order to adequate its content to the Capital Companies Act currently in force, which was recently modified pursuant to Law 5/2021 of
12 April, regarding the promotion of the long-term involvement of shareholders in listed companies with respect to the remuneration of
directors, as well as introducing substantive and technical improvements in their wording.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">The mentioned article will read as
follows (<I>in italics</I>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify"><B><I><U>Article&nbsp;20.bis.- Remuneration
of the Board of Directors</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.6pt"><I>1</I></TD><TD><I>The position of director shall be remunerated.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>2</I></TD><TD STYLE="text-align: justify"><I>The directors' remuneration
                                            in their capacity as such shall be a fixed amount<B>, </B>which must comply with the remuneration
                                            system set forth in these Articles of Association and the directors' remuneration policy.
                                            Such policy will necessarily determine the maximum amount of the annual remuneration to be
                                            paid to all the directors in their capacity as such and the criteria for its distribution
                                            taking into account the duties and responsibilities of each director, and the Board of Directors,
                                            prior report of the Appointments and Remuneration Committee, shall be responsible for setting
                                            the individual remuneration of each director in its capacity as such within the statutory
                                            framework and the directors' remuneration policy.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>3</I></TD><TD STYLE="text-align: justify"><I>The remuneration of directors
                                            for the performance of executive duties may consist of (i)&nbsp;a fixed remuneration, (ii)&nbsp;a
                                            variable remuneration amount based on financial and non-financial metrics, and (iii)&nbsp;if
                                            applicable, compensations in certain cases of termination or dismissal, and which must comply
                                            with these Articles of Association and, in any case, with the directors' remuneration policy,
                                            as well as with the agreements approved in accordance with the provisions of the Capital
                                            Companies Act. The directors' remuneration policy will necessarily determine the amount of
                                            the fixed annual remuneration to be paid to the directors for the performance of executive
                                            duties. The Board of Directors, prior report from the Appointments and Remuneration Committee,
                                            shall be responsible for setting the individual remuneration of each director for the performance
                                            of the executive duties attributed to him/her within the framework of the Articles of Association
                                            of the Company, the directors' remuneration policy and in accordance with the provisions
                                            of his/her agreement.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>4</I></TD><TD STYLE="text-align: justify"><I>Notwithstanding
                                            the foregoing, the directors will have the right to be refunded on the expenses incurred
                                            upon while holding their office.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>5</I></TD><TD STYLE="text-align: justify"><I>The
                                            directors' remuneration policy must be approved by the General Shareholders' Meeting as a
                                            separate item on the agenda, to be applied for a maximum period of three fiscal years. However,
                                            proposals for new directors' remuneration policies must be submitted to the General Shareholders'
                                            Meeting prior to the end of the last fiscal year of application of the previous policy, and
                                            the General Shareholders' Meeting may determine that the new policy shall apply from the
                                            date of approval and for the following three fiscal years.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>6</I></TD><TD STYLE="text-align: justify"><I>The
                                            Board of Directors, following a report from the Appointments and Remuneration Committee,
                                            may apply temporary exceptions to the directors' remuneration policy, provided that such
                                            exceptions are necessary to serve the long-term interests and sustainability of the Company
                                            as a whole or to ensure its viability. In this case, the policy shall set out the procedure
                                            to be used and the conditions and components under which such exceptions may be used.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>7.3.</B></TD><TD STYLE="text-align: justify"><B>Amendment of article 24.ter related
                                            to the Audit Committee to adequate its content to the latest amendments of the Capital Companies
                                            Act as well as introducing substantive and technical improvements in its wording.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In view of the mandatory report of
the Board of Directors, amend article 24.ter of the Articles of Association, related to the Audit Committee in order to adequate its
content to the Capital Companies Act currently in force, which was recently modified pursuant to Law 5/2021 of 12 April, regarding the
promotion of the long-term involvement of shareholders in listed companies with respect to related-party transactions, as well as introducing
substantive and technical improvements in its wording.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">The mentioned article will read as
follows (<I>in italics</I>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify"><B><I><U>Article&nbsp;24.ter.- Audit
Committee.-</U></I></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>1.</I></TD><TD STYLE="text-align: justify"><I>The
                                            Audit Committee shall be composed of a minimum of three (3)&nbsp;directors and a maximum
                                            of five (5), to be appointed by the Board of Directors taking into account their knowledge,
                                            competence and experience in accounting, audit and risk management and Committee duties.
                                            As a group, the members of the Committee shall have the pertinent technical knowledge in
                                            relation to the sector of activity of the Company. The Audit Committee shall be exclusively
                                            composed by non-executive directors of which at least the majority must be independent directors.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 126pt"></TD><TD STYLE="text-align: justify; width: 22.65pt"><I>2.</I></TD><TD STYLE="text-align: justify"><I>The
                                            Chairperson of the Committee, whose position shall be held by an independent director, will
                                            be appointed by the Board of Directors. The Chairperson shall be replaced every four (4)&nbsp;years,
                                            being eligible for re-election only after one (1)&nbsp;year has elapsed since his dismissal.
                                            The Board of Directors will appoint the Secretary of the Audit Committee, who may be (a)&nbsp;one
                                            of the members of the Audit Committee (being, in such case, Secretary member of the Audit
                                            Committee), (b)&nbsp;any other member of the Board of Directors of the Company who is not
                                            a member of the Audit Committee (being, in such case, Secretary non member of the Audit Committee),
                                            or (c)&nbsp;the Secretary or a Vice secretary of the Board of Directors of the Company (being,
                                            in such case, Secretary non member of the Audit Committee). The Secretary shall record in
                                            the minutes the resolutions passed at each Meeting of the Committee and report to the full
                                            Board of Directors through its Chairperson. The Audit Committee shall be deemed validly held
                                            when it is attended by half plus one of its members, either present or represented by proxy.
                                            Resolutions shall be passed by absolute majority of the members of the Board present at the
                                            meeting. In the event of a tie, the Chairperson shall have the casting vote.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>3.</I></TD><TD STYLE="text-align: justify"><I>Notwithstanding the provisions
                                            of the Law, of these Articles of Association or other commitments assigned to it by the Board
                                            of Directors, the Audit Committee shall have the following basic responsibilities:</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(a)</I></TD><TD STYLE="text-align: justify"><I>To inform the General Shareholders'
                                            Meeting of any issues raised on matters for which the Committee is responsible and particularly
                                            with respect to the results of the audit of the annual accounts, explaining how it has contributed
                                            to the integrity of the financial information, and the role that the Committee has played
                                            in such process;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(b)</I></TD><TD STYLE="text-align: justify"><I>To supervise the efficiency
                                            of the Company's internal control, internal audit and risk management systems, as well as
                                            discussing, with the auditor, any major flaws in the control system identified during the
                                            audit process without jeopardizing its independence. To such effects, the Committee may,
                                            if applicable, submit recommendations or proposals to the Board of Directors and the corresponding
                                            period of time for their monitoring;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(c)</I></TD><TD STYLE="text-align: justify"><I>To monitor the preparation
                                            and presentation process of the perceptive financial information and present recommendations
                                            or proposals to the Board of Directors directed to safeguarding its integrity;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(d)</I></TD><TD STYLE="text-align: justify"><I>To submit to the Board of Directors
                                            any proposals regarding the selection, appointment, reelection and substitution of the auditor,
                                            being responsible for the selection process in conformity with the applicable regulations,
                                            including the terms of his contract and requests for information on the audit strategy and
                                            execution, in addition to performing his duties independently;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(e)</I></TD><TD STYLE="text-align: justify"><I>To establish the appropriate
                                            relationships with the external auditor to receive information about any issues that may
                                            entail a threat to his independence, and which the Audit Committee will examine, and any
                                            other issues regarding the development of the audit of accounts process, and, when applicable,
                                            the authorization of the services different from those prohibited in the terms established
                                            in the applicable regulations as regards independence as well as any notifications required
                                            in the audit of accounts legislation and in the audit regulations. In any case, annually
                                            receive from the external auditors a statement of their independence in relation to the entity,
                                            or any entities directly or indirectly related to it, as well as any detailed and individualized
                                            information on any kind of ancillary services provided and the corresponding fees paid by
                                            these entities to the external auditor or the persons or entities related to it in accordance
                                            with the regulations applicable to the audit of accounts activity;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(f)</I></TD><TD STYLE="text-align: justify"><I>Prior to issuing the audit
                                            of accounts report, annually issue a written opinion on whether the independence of the auditors
                                            or audit firms has been compromised. This opinion must include, at the very least, a reasoned
                                            assessment of each and every one of the provided ancillary services mentioned above, which
                                            shall be individually and jointly assessed, different from the legal audit, and on the subject
                                            of the independence status or regulations applicable to the audit of accounts activity;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(g)</I></TD><TD STYLE="text-align: justify"><I>To report the related-party
                                            transactions to be approved by the General Shareholders' Meeting or the Board of Directors
                                            and to supervise the internal procedure established by the Company for those whose approval
                                            has been delegated; and</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(h)</I></TD><TD STYLE="text-align: justify"><I>To inform the Board of Directors
                                            in advance about any issues set out in the Law, the Articles of Association and the Board's
                                            Regulations, and specifically about:</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 176.9pt"></TD><TD STYLE="width: 18pt"><I>1.</I></TD><TD STYLE="text-align: justify"><I>any financial information and
                                            the management report, which shall include, when applicable, the mandatory non-financial
                                            information that the company must make public from time to time; and</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 176.9pt"></TD><TD STYLE="width: 18pt"><I>2.</I></TD><TD STYLE="text-align: justify"><I>the creation or acquisition
                                            of shares in special purpose entities or in entities resident in countries or territories
                                            that are considered tax havens.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.6pt"><I>4.</I></TD><TD STYLE="text-align: justify"><I>The Audit Committee shall meet
                                            as regularly as required to ensure the correct development of its duties.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>5.</I></TD><TD STYLE="text-align: justify"><I>Any member of the executive
                                            board or the staff of Company whose presence is required by the Chairperson is obliged to
                                            attend the meetings of the Committee and to provide the assistance and information requested.
                                            The Chairperson may also request the attendance of the auditors to the meetings;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>6.</I></TD><TD STYLE="text-align: justify"><I>The Audit Committee may seek
                                            the advice of external consultants in order to ensure a better performance of its functions.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>7.4.</B></TD><TD STYLE="text-align: justify"><B>Amendment of article 25 related
                                            to the annual accounts to adequate its content to the Capital Companies Act.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In view of the mandatory report of
the Board of Directors, amend article 25 the Articles of Association, related to the annual accounts to adequate its content to the Capital
Companies Act with respect to the inclusion of the non-financial information statement in the management report of the company's annual
accounts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">The mentioned article will read as
follows (<I>in italics</I>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify"><B><I><U>Article&nbsp;25.- Annual
Accounts.-</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>1.</I></TD><TD STYLE="text-align: justify"><I>Within the maximum term of
                                            three (3)&nbsp;months following the end of the fiscal year, the Board of Directors must prepare,
                                            in compliance with the requirements set by law, the annual accounts, as well as the management
                                            report, which shall include, when applicable, the non-financial information statement, and
                                            the proposed allocation of the result corresponding to such fiscal year.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><I>2.</I></TD><TD STYLE="text-align: justify"><I>The annual accounts and the
                                            management report, which shall include, when applicable, the non-financial information statement,
                                            shall be reviewed by the Company&rsquo;s auditors and shall be submitted to the shareholders&rsquo;
                                            consideration and approval, if applicable, at least one month prior to the date of the General
                                            Shareholders&rsquo; Meeting.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Eighth.</U></B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Amendment
                                            of the Regulations of the General Shareholders' Meeting</U>:</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>8.1.</B></TD><TD STYLE="text-align: justify"><B>Amendment of article 9 related
                                            to the information right available for shareholders prior to the holding of the General Meeting
                                            in order to adequate its content to the latest amendments of the Capital Companies Act as
                                            well as introducing substantive and technical improvements in its wording.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In view of the mandatory report of
the Board of Directors, amend article 9 of the Regulations of the General Shareholders' Meeting regarding the information right available
for shareholders prior to the holding of the General Meeting in order to adequate its content to the Capital Companies Act currently
in force, which was recently modified pursuant to Law 5/2021 of 12 April, regarding the promotion of the long-term involvement of shareholders
in listed companies in order to eliminate the possibility of legal entities forming part of the board of directors, as well as introducing
substantive and technical improvements in their wording.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">The mentioned article will read as
follows (<I>in italics</I>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify"><B><I><U>Article&nbsp;9. Information
right available for shareholders prior to the holding of the General Meeting</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.6pt"><B><I>1.</I></B></TD><TD><B><I>Information on the Company&rsquo;s corporate web
                                            page</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><I>As of the date of publication of the
notice of calling of the General Meeting, shareholders shall have the right to obtain information on the Company&rsquo;s web page&nbsp;concerning:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.05pt"><I>(a)</I></TD><TD><FONT STYLE="font-size: 10pt"><I>the full text of the calling
                                            of the meeting;</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(b)</I></TD><TD><FONT STYLE="font-size: 10pt"><I>the total number of shares
                                            and voting right as at the date of the calling;</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(c)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>the
                                            documents that must be presented at the Meeting and, in particular, the reports of the directors,
                                            auditors and independent experts;</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.05pt"><I>(d)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>the
                                            complete text of the proposed resolutions formulated by the Board of Directors concerning
                                            each and every item in the agenda for the Meeting or, in relation to those items for information
                                            purposes only, a report from the competent bodies, commenting each one of said items.&#9;The
                                            proposed resolutions submitted by the shareholders will also be included as they are received;</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(e)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>in
                                            the event of the appointment, ratification or reelection of the members of the Board of Directors,
                                            the identity, curriculum and category to which each of them belong, as well as the proposal
                                            and reports specified in the Companies Act.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(f)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>any
                                            other documents that must be made available by Law to the shareholders regarding the items
                                            in the agenda;</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(g)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>the
                                            forms that will have to be used for distance voting and granting of representation, which
                                            in accordance with the provisions contained in the Articles of Association and these Regulations,
                                            must be made available to shareholders, except for when the forms are sent directly by the
                                            Company to each shareholder. In the event they cannot be published on the web page&nbsp;due
                                            to technical reasons, the Company must indicate on such web page&nbsp;how to obtain the paper
                                            forms, which it will have to send to all shareholders who request them;</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(h)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>any
                                            other information that the Board of Directors deems appropriate for the full effectiveness
                                            of the shareholders&rsquo; information rights.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><I>The notice published on the Company&rsquo;s
corporate web page&nbsp;will be available uninterruptedly until the General Shareholders&rsquo; meeting is held.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.6pt"><B><I>2.</I></B></TD><TD><B><I>Request for prior information</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(a)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Up
                                            to the fifth day prior to the date foreseen for the General Meeting, the shareholders shall
                                            have the right to request from the Board of Directors any information or clarification they
                                            may require about the items included in the agenda, or to formulate in writing any questions
                                            they may deem pertinent. Likewise, in the event that Company shares were quoted on an official
                                            secondary market, the shareholders shall have the right to request, within the same period,
                                            any information or clarification or to formulate in writing any questions concerning the
                                            information accessible to the general public that has been provided by the Company to the
                                            National Securities Market Commission (Comisi&oacute;n Nacional del Mercado de Valores) since
                                            the last General Meeting was held.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(b)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>The
                                            Board of Directors shall be obliged to provide the required information in writing up to
                                            the day the General Meeting is held, unless that information is unnecessary to protect the
                                            rights of the shareholder, or there are objective reasons to believe that it could be used
                                            for non-corporate reasons or that its publicity could damage the company or any related companies.
                                            Notwithstanding the above, in no case shall the request for information be denied when such
                                            request is backed up by shareholders representing at least twenty five per cent (25%) of
                                            the share capital.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(c)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>The
                                            Company's corporate web page&nbsp;shall include any valid written requests for information,
                                            clarifications or questions, as well as the responses provided in writing by the Board of
                                            Directors.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(d)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>The
                                            requests for information referred to in the preceding section (a)&nbsp;shall be made by means
                                            of a delivery of the request at the registered office, or by post delivery or any other means
                                            of distance electronic communication.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 177.05pt; text-align: justify"><I>The only distance electronic
communication means to be admitted will be those in which the electronic document based on which the request for information is carried
out incorporates a qualified electronic signature, pursuant to the applicable regulations or that, without observing the requirements
for the qualified electronic signature, such were deemed to be valid by the Board of Directors due to the fulfilment of the adequate
guarantees as to the authenticity and identification of the shareholder who is exercising his voting right.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><B>8.2.</B></TD><TD STYLE="text-align: justify"><B>Amendment of articles 11.bis,
                                            20 and 22 related to the attendance by telematic means, distance voting and the minutes of
                                            the General Shareholders' Meeting to adequate their content to the latest amendments of the
                                            Capital Companies Act as well as introducing substantive and technical improvements in their
                                            wording.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in; text-align: justify">In view of the mandatory report of
the Board of Directors, amend articles 11.bis, 20 and 22 of the Regulations of the General Shareholders' Meeting regarding the attendance
by telematic means, distance voting and the minutes of the General Shareholders' Meeting in order to adequate their content to the Capital
Companies Act currently in force, which was recently modified pursuant to Law 5/2021 of 12 April, regarding the promotion of the long-term
involvement of shareholders in listed companies to include the relevant provisions with respect to holding general shareholders' meeting
exclusively by telematic means, as well as introducing substantive and technical improvements in their wording.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in">The mentioned articles will read as follows (<I>in italics</I>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in"><B><I><U>Article&nbsp;11.bis.- Attendance by telematic
means and exclusively telematic General Shareholders' Meeting</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>1.</I></B></TD><TD STYLE="text-align: justify"><I>The General Shareholders'
                                            Meeting may be held in the following ways: in person only, in person with the possibility
                                            of attending by telematic means or exclusively by telematic means.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>2.</I></B></TD><TD STYLE="text-align: justify"><I>When the Board of Directors
                                            approves the holding of a physical meeting with the possibility of attending by telematic
                                            means the General Shareholders' Meeting by remote, simultaneous and bidirectional connection
                                            with the premises where the General Meeting takes place, and includes this possibility in
                                            the notice of the calling of the General Shareholders' Meeting, the shareholders and the
                                            proxy-holders with the right to attend the General Shareholders' Meeting may do so in a way
                                            that they can be correctly identified, may exercise their rights properly during the General
                                            Shareholders' Meeting and, in general, in a way that allows for the adequate and normal development
                                            of the session.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>3.</I></B></TD><TD STYLE="text-align: justify"><I>The Board of Directors
                                            will determine, when calling each General Shareholders' Meeting and in view of the appropriate
                                            state of the art security, the legal basis that will guarantee and make possible the attendance
                                            to the meeting by telematic means, and will evaluate the possibility of organizing the remote
                                            attendance to the meeting by telematic means.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>4.</I></B></TD><TD STYLE="text-align: justify"><I>If the Board of Directors
                                            approves the possibility of attending the General Shareholders' Meeting by telematic means,
                                            it will specify in the notice of the calling of the meeting, the deadlines, procedures and
                                            means in which the shareholders may exercise their rights as set out by the Board of Directors
                                            to allow the satisfactory development of the General Meeting, including any instructions
                                            that must be followed.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>5.</I></B></TD><TD STYLE="text-align: justify"><I>The Board of Directors
                                            may request from the shareholders or their proxy-holders, additional means of identification
                                            if it considers that it is necessary to verify their condition as shareholders or proxy-holders,
                                            and to guarantee the authenticity of the attendance by telematic means, as well as to establish
                                            and update the means and procedures set forth in this article.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>6.</I></B></TD><TD STYLE="text-align: justify"><I>The Company will not
                                            be liable for any damages to shareholders or proxy-holders caused by the interruption of
                                            the remote communication, for technical or security reasons under any circumstances, beyond
                                            the Company's control, without prejudice to adopting the measures required in each situation.
                                            Said circumstances may not be invoked as an unlawful deprivation of the rights of the shareholders,
                                            or as a cause to challenge the resolutions passed at the General Shareholders' Meeting.</I></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>7.</I></B></TD><TD STYLE="text-align: justify"><I>Likewise, the Board
                                            of Directors may approve to call exclusively telematic General Shareholders' Meetings to
                                            be held without the physical attendance of the shareholders, their proxy-holders and, when
                                            appropriate, the members of the Board of Directors, establishing in the call notice the procedure,
                                            means and conditions for the exercise of the shareholders' rights by this means, adapted,
                                            when appropriate, to the special circumstances deriving from its nature. The exclusively
                                            telematic General Shareholders' Meeting shall be deemed to be held at the registered offices
                                            of the Company.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in"><B><I><U>Article&nbsp;20. Distance voting</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>1.</I></B></TD><TD STYLE="text-align: justify"><I>According to the provisions
                                            of the Articles of Association, shareholders with the right to attend may cast a distance
                                            vote regarding the proposals included in the agenda, through the following systems of communication:</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(a)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>by
                                            postal correspondence, through the sending of the attendance, proxy representation and distance
                                            vote card, duly signed with clear indications of the sense of their vote; or</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 144pt"></TD><TD STYLE="width: 33.1pt"><I>(b)</I></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>by
                                            electronic correspondence or any other distance communication systems, following the instructions
                                            contained on the corporate web page&nbsp;of the Company, as long as the safety of the electronic
                                            communications is duly guaranteed and the electronic document through which the voting right
                                            is exercised incorporates a qualified electronic signature, pursuant to the applicable regulations,
                                            or that, without fulfilling the requirements for the qualified electronic signature, such
                                            electronic signature is deemed to be valid by the Board of Directors for having the adequate
                                            guarantees as to the authenticity and identification of the shareholder who is exercising
                                            his voting right.&nbsp;</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>2.</I></B></TD><TD STYLE="text-align: justify"><I>In the event that the
                                            General Shareholders' Meeting is held exclusively by telematic means, the shareholders may
                                            also delegate or vote in advance on the proposals on items included in the agenda by any
                                            of the means provided in the preceding paragraph.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>3.</I></B></TD><TD STYLE="text-align: justify"><I>The notice of the calling
                                            of the General Meeting will contain the procedure, the requirements and the deadlines for
                                            distance voting.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>4.</I></B></TD><TD STYLE="text-align: justify"><I>Votes received through
                                            distance voting systems will not be valid if not received by the Company before midnight
                                            (24:00) on the day prior to the date that the General Shareholders' Meeting is scheduled
                                            at its first call or second call, whichever is applicable.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>5.</I></B></TD><TD STYLE="text-align: justify"><I>The shareholders who
                                            cast a distance vote pursuant to the provisions of this article shall be deemed as present
                                            to the effects of convening the Meeting. In consequence, the previously issued delegations
                                            shall be deemed revoked and those conferred afterwards shall be deemed as not effected.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>6.</I></B></TD><TD STYLE="text-align: justify"><I>Notwithstanding the
                                            foregoing, a vote casted by distance voting system referred to in this article shall be rendered
                                            void by the attendance of the shareholder casting the vote to the Meeting.</I></TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                            <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2"><B><I><U>Article&nbsp;22. Minutes of the General Meeting</U></I></B></TD></TR>
                                                                            </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>1.</I></B></TD><TD STYLE="text-align: justify"><I>The Secretary of the
                                            Meeting shall draft the Minutes of the General Meeting, which once signed by the Secretary
                                            with the approval of the Chairperson, will be incorporated in the Minutes Book. The minutes
                                            may be passed by the actual Meeting after it is held or, failing that, within fifteen (15)
                                            days, by the Chairperson of the Meeting and two (2)&nbsp;scrutineers, one on behalf of the
                                            majority and the other for the minority.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>2.</I></B></TD><TD STYLE="text-align: justify"><I>Notwithstanding the
                                            preceding paragraph, the Board of Directors may require the presence of a Notary Public to
                                            draft the Minutes of the Meeting, being obliged to do so as long as, the shareholders who
                                            represent at least one per cent (1%) of the share capital request so five (5)&nbsp;days in
                                            advance to the date set for the holding of the Meeting. The Notarial Certificate shall be
                                            considered the Minutes of the Meeting.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218268d1_6kimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 126pt"></TD><TD STYLE="width: 22.65pt"><B><I>3.</I></B></TD><TD STYLE="text-align: justify"><I>In accordance with the
                                            provisions of the Capital Companies Act, in the event that the General Shareholders' Meeting
                                            is held exclusively by telematic means, the Minutes of the Meeting must be drafted by a Notary
                                            Public.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>Ninth.</U></B></TD><TD STYLE="text-align: justify"><B><U>Information on the amendments
                                            of the Internal Regulations of the Company's Board of Directors, pursuant to article 528
                                            of the Capital Companies Act</U>.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Pursuant to article 528 of the Capital
Companies Act (<I>Ley de Sociedades de Capital</I>), to inform the shareholders of the amendments of the Regulations of the Company&rsquo;s
Board of Directors, in order to adapt its content to the current Capital Companies Act currently in force, which was recently modified
pursuant to Law 5/2021 of 12 April, regarding the promotion of the long-term involvement of shareholders in listed companies. The shareholders
have access to said regulations at the Company's web page<I>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Tenth.</U></B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Consultative
                                            vote on the Annual Remuneration Report</U>.</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Pursuant to the provisions of article
541.4 of the Capital Companies Act (<I>Ley de Sociedades de Capital</I>), to submit the Annual Remuneration Report to a consultative
vote of the General Shareholders&rsquo; Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt"><B><U>Eleventh.</U></B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Approval
                                            of the directors' remuneration policy of the Company</U>.</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">In accordance with article 529 novodecies
of the Capital Companies Act (<I>Ley de Sociedades de Capital</I>) and prior to the report by the Appointments and Remuneration Committee,
approve the director remuneration policy of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in; text-align: left"><B><U>Twelfth.</U></B></TD><TD STYLE="text-align: justify"><B><U>Authorization
                                            to the Board of Directors to call, if necessary, an Extraordinary General Shareholders' Meeting
                                            of the Company with at least 15 days in advance, in accordance with Article&nbsp;515 of the
                                            Capital Companies Act</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">This resolution has not reached a sufficient majority of votes
in favor and therefore it is not approved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>Thirteenth.</U></B></TD><TD STYLE="text-align: justify"><B><U>Granting of authorities
                                            to formalize and execute the resolutions passed by the General Shareholders' Meeting</U>.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">To empower all the members of the Board
of Directors, as well as the Secretary and Vice Secretary, so that any of them, indistinctively, may formalize in a public deed the resolutions
passed at the General Shareholders&rsquo; Meeting, with the authorities to amend, correct or interpret their wording based on the oral
or written evaluation of the Commercial Registry and for the sole purposes of their registration in the same, being able, as the case
may be, to request their partial registration. Said authorization also comprises the granting of all kinds of public or private documents
as may be deemed necessary for the execution, development and formalization of all resolutions passed at the General Shareholders&rsquo;
Meeting, with no limitation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>*</B></FONT><B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SIGNATURES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">Grifols,&nbsp;S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ David I. Bell</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt">David I. Bell</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Authorized Signatory</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date:&nbsp; June 13, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
