The Iberdrola group's direct tax contribution around the world amounted to almost EUR8.16 billion last year, EUR217 million more than in 2018, according to data in the 2019 Report on tax transparency: Our commitment to society, which was prepared for the second time by the company and contained detailed information never previously released by an IBEX 35 company.

In connection with the preparation of the above-mentioned report, Iberdrola's Chairman and CEO, Ignacio Galan, said: 'the group is fully aware of its essential contribution to supporting public expenditure and seeks to turn its contribution to public finances into responsible taxation through measures such as making reasonable decisions, enhanced cooperation with the tax authorities and transparency in tax information to third parties.'

By issuing this information, Iberdrola wants to highlight the significant tax contribution made by the group worldwide and especially in Spain, where issues relating to energy taxes and corporate tax are very important.

In fact, and according to the data in the report, Spain was the country to which the company contributed the most, with 43.3% of the total (EUR3.53 billion of the total of EUR8.16 billion), followed in the ranking by Brazil (EUR2.57 billion, 31.5 %). Behind them were the United States (EUR963 million), the United Kingdom (EUR639 million), Mexico (EUR258 million) and the rest of the countries (EUR197 million).

The report shows that, in Spain, Iberdrola allocated a full 50% of its pre-tax profit to paying taxes. Other items include energy taxes (EUR729 million) and corporate tax (EUR367 million), as well as local taxes (EUR256 million) and salary-related corporate contributions (EUR139 million).

Contact:

Juan Llobell

Tel: +34 91 784 32 32

Email: comunicacioncorporativa@iberdrola.com

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