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 71 At 31 December 2017, based on the Group's 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 27. Information regarding situations of conflict of interest involving directors Pursuant to Article 229 of the Spanish Companies Act, the following information is included: In 2017, none of the directors reported to the Board of Directors any direct or indirect conflict of interest that they or their affiliates, as defined in Article 213 of the Spanish Companies Act, might have with respect to the Company. 28. Events after the reporting period On 22 February 2018, the Spanish National Markets and Competition Commission (CNMC) initiated disciplinary proceedings against Atresmedia Corporación de Medios de Comunicación, S.A. and subsidiary Atres Advertising, S.L. Unipersonal for alleged unfair trade practices. The commencement of these proceedings does not prejudge the final outcome of the investigation and case, expected to resolved within a period of 18 months. In the opinion of the Parent’s directors and legal advisers, no offence was committed in the Group's commercial activity, duly noting that the particularly restrictive conditions imposed on the merger with La Sexta and existing for five years have been eliminated. Moreover, no practice is carried out that could be considered restrictive. However, as a preventative measure, a fine by the CNMC on the Atresmedia Group cannot be ruled out. The amount of a potential is impossible to quantify at present, let alone any reliable estimate, as the proceeding has only just begun and due to the lack of information available on the precise scope of the proceedings and the grounds claimed by the CNMC for initiating them. Any financial penalty will be appealed before the competent courts. 29.- Explanation added for translation to English These financial statements are presented on the basis of the regulatory financial reporting framework applicable to the Group in Spain (see Note 2). Certain accounting practices applied by the Group that conform with that regulatory framework may not conform with other generally accepted accounting principles and rules.