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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 (8) 25%
2010 Dividend 07/20/2011 07/20/2011 1,671 (3) 0.05 (9) 25%
Flexible Dividend 07/20/2011 N/A 11,000
2011 Dividend 07/27/2012 07/27/2012 1,682 (4) 0.05 (10) 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%
N/A Extraordinary Merger Dividend 04/11/2017 04/07/2017 1,004,697 3.598 N/A
2016 Dividend 07/05/2017 07/03/2017 75,321 (7) 00.11058 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) Net amount: 61,010 thousand euro.

(8) 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.

(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 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.

(10) 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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