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 70 The provisional accounting statement prepared in accordance with legal requirements evidencing the existence of sufficient liquidity for the distribution of the dividends is as follows: LIQUIDITY STATEMENT FOR THE PAYMENT OF THE 2017 INTERIM DIVIDEND Thousands of euros Liquidity at 31 October 2017 251,891 Projected cash until 31 October 2018: Operating activities from November 2017 to October 2018 125,312 Financing activities from November 2017 to October 2018 (110,007) Projected payment of 2017 interim dividend (49,487) Projected liquidity at 31 October 2018 217,709 26. Remuneration and other benefits earned by the members of the Board of Directors of the Parent and senior management The remuneration earned in 2017 by the current and former members of the Parent’s Board of Directors (composed at 31 December 2017 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 4,433 thousand and EUR 119 thousand, respectively (2016: EUR 8,294 thousand and EUR 137 thousand, respectively). The Parent has not granted any loans or advances to its Board members and the Group's 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 Atresmedia Corporación de Medios de Comunicación, S.A. held on 22 April 2016, approval was given to implement a remuneration scheme entailing the delivery of shares to certain directors and senior 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 EBITDA 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 Parent 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.