Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. 2017 FINANCIAL STATEMENTS 52 19.3 Remuneration of directors and senior management The remuneration earned in 2017 by the current and former members of the Company’s Board of Directors (composed at 31 December 2017 and 2016 of four women and nine men) in the form of salaries, attendance fees and life insurance premiums amounted to EUR 3,630 thousand, EUR 878 thousand and EUR 17 thousand, respectively (2016: EUR 4,651 thousand, EUR 782 thousand and EUR 16 thousand, respectively). Salaries, and life insurance and third-party liability premiums paid to members of senior management who are not directors in 2017 amounted to EUR 3,897 thousand and EUR 117 thousand, respectively (2016: EUR 7,680 thousand and EUR 136 thousand, respectively). The Company has not granted any loans or advances to its Board members and senior executives, and it does not have any supplementary pension, retirement bonus, special indemnity or life insurance obligations to them in their capacity as directors and executives. At the General Meeting of the Company held on 22 April 2016, the shareholders approved the implementation of a remuneration plan with the delivery of shares to certain directors and executives. The scheme is a long-term variable incentive tied to the Group's performance. The duration of the scheme is four years and four months, divided into two periods: compliance and assessment (2016 to 2018) and settlement (50% in the first four months of 2019 and 50% in the first four months of 2020). The economic targets assessed for the settlement of the scheme are related to the Group's projected consolidated gross operating profit and total shareholder return (dividends paid and share price). Participation is voluntary for beneficiaries, and conditional on the achievement of financial targets and an obligation to remain at the Atresmedia Group. The grant date was 9 May 2016, when the Company completed the acquisition of treasury shares under the share buyback programme approved by the Board of Directors and each beneficiary's share of the remuneration scheme was established. At 31 December 2017, based on the estimate of compliance and assessment conditions, the portion accrued amounted to EUR 2,298 thousand. Number of shares allotted under the scheme at 31 December 2017: Start date No. of shares allotted Unit fair value End date 1 January 2016 791,880 11.14 30 April 2020