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 44 rendered null and void the authorisation granted at the General Meeting on 24 March 2010. f) Dividends At the Parent’s General Meeting held on 19 April 2017, the following resolutions, among others, were adopted: - Approval of the proposed distribution of profit for 2016, allocating the maximum amount of EUR 105,920 thousand to the payment of dividends (ultimately distributing EUR 105,722 thousand), of which EUR 49,487 thousand correspond to the interim dividend paid on 15 December 2016. The remaining EUR 56,235 thousand was distributed as a final dividend of EUR 0.25 per share (after attributing the dividend rights of the treasury shares) corresponding to all the shares representing the Parent's share capital, excluding treasury shares. This dividend was paid on 21 June 2017 and represented an increase of 33% on the par value. - Approval of a special dividend charged to voluntary reserves for a maximum amount of EUR 101,580 thousand, equivalent to EUR 0.45 per share, corresponding to all the shares representing the Parent's share capital, excluding treasury shares. The dividend was paid on 21 December 2017 for an amount of EUR 101,223 thousand, representing a 60% increase on the par value. At the Parent's Board of Directors meeting held on 22 November 2017, a resolution was passed to distribute, out of the Parent's profit for 2017, the gross amount of twenty-two euro cents (EUR 0.22) for each of the 225,732,800 shares of EUR 0.75 par value representing the share capital, of which 791,880 are treasury shares. Accordingly, the dividend rights inherent to treasury shares were attributed proportionately to the other shares in accordance with Article 148 of the Spanish Companies Act. This dividend was paid to shareholders as an interim dividend on 13 December 2017, for a total amount of EUR 49,487 thousand, representing 29% of the par value. g) Non-controlling interests “Non-controlling interests” relates to non-controlling interests of Uniprex Televisión Digital Terrestre de Andalucía, S.L. with 25.8% of the company’s share capital at 31 December 2016 and 2017. h) Other equity instruments At the General Meeting of Atresmedia Corporación de Medios de Comunicación, S.A., held on 22 April 2016, the shareholders approved the implementation of a remuneration plan with the delivery of shares to certain directors and executives. Note 26 details the plan's main features. The increase in equity recognised under “Other equity instruments” is the result of the measurement of the equity instruments recognised at fair value at the grant date. Note 3.p details the measurement and recognition criteria for share-based payment transactions.