MERLIN Properties Annual Report 2017 / English

ı 15 ı Annual Report 2017 Number of ordinary shares 469,770,750 Number of weighted shares 469,770,750 Total equity 5,723,783 GAV 11,253,954 Net Debt 4,904,254 Net Debt / GAV 43.6% Capital structure key data (€ thousand) Data as of 27 February 2018, according to the communications made to the CNMV Composition The internal management organization structure can be summarized as follows: • Board of Directors: consisting of twelve directors, advised by both the Audit and Control Committee and the Appointments and Remuneration Committee. • Chief Executive Officer: reporting directly to the Board of Directors and forming part of it. • Investment Committee: reporting to the CEO and consisting of the executive team, with a right of veto by the Chief Investment Officer. Appointments and Remuneration Committee Audit and Control Committee Independent Directors Mónica Martín de Vidales Secretary Ildefonso Polo del Mármol Vice-Secretary Javier García-Carranza Non-Executive Chairman 12 members Ismael Clemente CEO & Executive Vice-Chairman Miguel Ollero Executive Director Francisca Ortega Propietary Director María Luisa Jordá Independent Director Chairman A&C Committee Ana García Fau Independent Director Alfredo Fernández Independent Director Fernando Ortiz Independent Director Donald Johnston Independent Director Chairman A&R Committee John Gómez Hall Independent Director Juan María Aguirre Independent Director Pilar Cavero Independent Director Banco Santander 22.3% Free Float 73.7% Blackrock 4.0% Invesco Principal Financial G Standard Life Blackrock BBVA Banco Santander Free Float