Consolidated Annual Accounts 2017

Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Notes 2 and 22). In the event of discrepancy, the Spanish-language version prevails. 4 ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A. STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2017 AND 2016 STATEMENTS OF TOTAL CHANGES IN EQUITY (Thousands of euros) Share capital Share premium Reserves Interim dividend Treasury shares Profit for the year Other equity instruments Valuation adjustments Total equity BEGINNING BALANCE AT 1/1/16 169,300 38,304 182,061(40,490) (8,666) 89,503 2,219 2,685 434,826 Total recognised income and expense - - - - - 124,489 - 1,918 126,407 Transactions with equity holders or owners - - (6,658) - 8,787 - (2,129) - - Distribution of profit Distribution of interim dividends - - - (49,487) - - - - (49,487) Distribution of prior year dividends - - (40,347) 40,490 - (40,490) - - (40,347) Treasury share transactions Treasury share transactions (net) - - - - (8,931) - - - (8,931) Other transactions - - - - - - 798 - 798 Other changes in equity Transfers between equity items - - 49,013 - - (49,013) - - - ENDING BALANCE AT 31/12/16 169,300 38,304 184,070(49,487) (8,810)124,489 798 4,603 463,267 Total recognised income and expense - - - - - 137,292 - (5,159) 132,133 Transactions with equity holders or owners - - - - - - - - - Distribution of profit Distribution of interim dividends - - - (49,487) - - - - (49,487) Distribution of prior year dividends - - (56,235) 49,487 - (49,487) - - (56,235) Special dividend - -(101,223) - - - - - (101,223) Treasury share transactions Treasury share transactions (net) - - - - - - - Other transactions - - - - - - 1,500 - 1,500 Other changes in equity Transfers between equity items - - 75,002 - - (75,002) - - - ENDING BALANCE AT 31/12/17 169,300 38,304 101,613(49,487) (8,810)137,292 2,298 (556) 389,954 Notes 1 to 21 to the accompanying notes to the financial statements are an integral part of the statement of total changes in equity for the year ended 31 December 2017.