MERLIN Properties Annual Report 2018 / English

ı 17 ı Annual Report 20 18 Number of ordinary shares 469,770,750 Number of weighted shares 467,812,182 Total equity (€m) 6,402 GAV (€m) 12,041 Net debt (€m) 4,902 Net debt / GAV 40.7% Capital structure key data Data as of 26 February 2019, 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 the Audit and Control Committee, the Appointments Committee and the 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. Banco Santander 22.3% Free Float 73.7% Blackrock 4.0% Invesco Principal Financia Standard Life Blackrock BBVA Banco Santander Free Float Javier García-Carranza Non-Executive Chairman Ismael Clemente CEO & Executive Vice-Chairman Miguel Ollero Francisca Ortega María Luisa Jordá Ana García Fau Fernando Ortiz Chairman A&R Committees Donald Johnston John Gómez Hall Juan María Aguirre Chairman A&C Committee Pilar Cavero Emilio Novela Mónica Martín de Vidales Secretary Ildefonso Polo del Mármol Vice-Secretary Audit and Control Committee Appointments Committee Remuneration Committee Independent Directors Executive Director Proprietary Director