Consolidated Annual Accounts 2017

Atresmedia Corporación de Medios de Comunicación, S.A. and Subsidiaries Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group in Spain (see Notes 2 and 29). In the event of discrepancy, the Spanish-language version prevails. 2017 CONSOLIDATED FINANCIAL STATEMENTS 41 12. Equity a) Share capital The Parent’s share capital at 31 December 2017 and 2016 amounted to EUR 169,300 thousand, represented by 225,732,800 fully subscribed and paid shares of EUR 0.75 par value each, which carry the same rights. The Parent's shareholder structure at year-end 2017: % ownership 2017 Grupo Pasa Cartera, S.A. Unipersonal 41.70 Ufa Film und Fernseh GMBH 18.65 Imagina Media Audiovisual, S.L. 3.58 Mediaproducción, S.L. Unipersonal 0.65 Treasury shares 0.35 Other shareholders 35.07 Total 100.00 In April 2017, Mediaproducción, S.L. Unipersonal, whose sole shareholder is Imagina Media Audiovisual, S.L., absorbed, in a merger by absorption, subsidiary Mediapro Contenidos, S.L. Unipersonal, the previous holder of shares of the Parent representing 0.65% of its share capital. The shares of the Parent are admitted to trading on the Spanish Stock Market Interconnection System (Continuous Market) and all carry the same voting and dividend rights. There are agreements among the main shareholders that guarantee the Parent’s shareholder stability, the grant of mutual rights of acquisition on their shares, the undertaking not to take control of the Parent or to permit a third party to do so, and also include Group management agreements, as described in the consolidated management report. For management purpose, the Group considers equity attributable to the Parent as capital. The only external requirements to which this capital for management purposes is subject are those contained in current Spanish corporate law. There are no other legal restrictions. For management purposes, quantitative capital data relating to 2017 and 2016 are presented in the consolidated balance sheet and amount to EUR 446,254 thousand and EUR 517,676 thousand, respectively, under “Equity attributable to equity holders of the parent”. No qualitative or quantitative changes took place in capital management in 2017 from the year before. The change in the amount of capital for management purposes in 2017 did not arise due to any external requirement. In addition, dividends were distributed to the shareholders listed in Note 12.f to the consolidated financial statements.