Grifols, S.A.'s Board of Directors, at its meeting held on 16 December 2016, has approved the resignation of Mr. Victor Grifols Roura from his position as CEO of the Board of Directors as from 1 January 2017 and the appointment, with effects as from such date, of the directors Mr. Raimon Grifols Roura and Mr. Victor Grifols Deu as joint and several CEO's of the Board of Directors. Following the proposal made by the appointments and remunerations committee, the change of category of Mr. Victor Grifols Roura from executive director to proprietary director with effects as from 1 January 2017, date on which he will cease to hold executive offices at the company or its group. The board also approved appointment of Mr. Thomas Glanzmann as non-executive Vice-chairman of the Board of Directors with effects as from 1 January 2017, following the favourable report issued by the Appointments and Remunerations Committee and to maintain Mr. Iñigo Sánchez-Asiaín Mardones as Coordinating Director of the Board of Directors from 1 January 2017 even if such legal figure will not be mandatory from such date onwards, in order to ensure a greater independence of the company's management.

From 1 January 2017 onwards Mr. Victor Grifols Roura will continue holding the position of Chairman of the Board of Directors as a non-executive Chairman.