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Dividends
Shareholder Remuneration: Dividend and Flexible Dividend
YearTypePayment date Ex-dividend dateGross amount  (thousand euros)Gross amount per share (euros)% Pay Out (1)
2008 Dividend  06/24/2009    06/24/2009  48,660 (2)  0.20  25%
2009 Flexible Dividend  07/21/2010  N/A  29,000  0.12 (7)  25%
2010 Dividend  07/20/2011  07/20/2011  1,671 (3)  0.05 (8)  25%
Flexible Dividend  07/20/2011  N/A  11,000
2011 Dividend  07/27/2012  07/27/2012  1,682 (4)  0.05 (9)  25 %
Flexible Dividend  07/27/2012  N/A  11,250
2014 Dividend  07/03/2015    07/03/2015  23,040 (5)  0.0825  25%
2015 Dividend  07/04/2016  06/29/2016  42,561 (6)  0.1524  25%

(1) The percentage of pay out reflects the remuneration of the shareholder, which includes the dividend in cash as well as the flexible dividend, based on the recurrent benefit of the Gamesa Group of Companies.

(2) Net Amount: 39,901 thousand euro.

(3) Net Amount: 1,354 thousand euro.

(4) Net Amount: 1,329 thousand euro.

(5) Net Amount: 18,432 thousand euro.

(6) Net amount: 34,474 thousand euro.

(7) The calculation of the gross amount of the dividend per share is based on the maximum amount of 29 million euro approved by the Shareholders' General Meeting 2010 for the Flexible Dividend. The Flexible Dividend is a remuneration system called "Gamesa Flexible Dividend" that allows the shareholders of Gamesa to choose between receiving all or just part of the Remuneration object of the Gamesa Flexible Dividend System in cash or in new paid-in shares of Gamesa (which means, without any expenditure by the shareholder). More information in the link: Flexible Dividend 2009.

(8) The calculation of the gross amount of the dividend per share has been carried out taking into account the Dividend in cash and the Flexible Dividend, and the last is based on the maximum amount of 11 million euro approved by the Shareholders' General Meeting 2011. The Flexible Dividend is a remuneration system called "Gamesa Flexible Dividend" that allows the shareholders of Gamesa to choose between receiving all or just part of the Remuneration object of the Gamesa Flexible Dividend System in cash or in new paid-in shares of Gamesa (which means, without any expenditure by the shareholder). More information in the link: Flexible Dividend 2010.

(9) The calculation of the gross amount of the dividend per share has been carried out taking into account the Dividend in cash and the Flexible Dividend, and the last is based on the maximum amount of 11.25 million euro approved by the Shareholders' General Meeting 2012. The Flexible Dividend is a remuneration system called "Gamesa Flexible Dividend" that allows the shareholders of Gamesa to choose between receiving all or just part of the Remuneration object of the Gamesa Flexible Dividend System in cash or in new paid-in shares of Gamesa (which means, without any expenditure by the shareholder). More information in the link: Flexible Dividend 2011.

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