IBERDROLA : The shareholders acting at the General Shareholders’ Meeting of the Company held upon first call have approved each and every one of the resolutions submitted to their vote included in the Agenda [PDF]

Santiago Martínez Garrido

Secretary of the Board of Directors

Valencia, 30 May 2011

To the National Securities Market Commission

Re: Resolutions adopted at the General Shareholders’ Meeting of Iberdrola

Renovables, S.A.

Dear Sirs,

We hereby inform you that the shareholders acting at the General Shareholders’ Meeting of Iberdrola Renovables, S.A. (“Iberdrola Renovables” or the “Company”), held upon first call, as of the date hereof, have approved each and every one of the resolutions submitted to their vote included in the Agenda that was communicated to you by means of a price sensitive information notice dated 13 April 2011 (entry registry number 2011/142,244), in the terms of the documentation sent and made available to the shareholders as of the date of publication of the call to meeting on 15 April 2011.

Such resolutions are the following:

I. Resolutions relating to the annual financial statements, the management of the Company, and the re-election of the Company’s auditor

The shareholders acting at the General Shareholders’ Meeting have approved the individual annual financial statements of Iberdrola Renovables and the consolidated annual financial statements of Iberdrola Renovables and its subsidiaries for fiscal year

2010, the individual management report of the Company and the consolidated management report with its subsidiaries, as well as the corporate management and the activities of the Board of Directors during such fiscal year 2010.

Likewise, the shareholders acting at the General Shareholders’ Meeting have approved the re-election of “Ernst & Young, S.L.” as auditor of the Company and of its consolidated group for fiscal year 2011, including the authorization in favor of the Board of Directors to enter into the respective services agreement with “Ernst & Young, S.L.”.

II. Resolution relating to shareholder compensation from the income for the fiscal year 2010

The shareholders acting at the General Shareholders’ Meeting have approved the application of profits proposed by the Board of Directors, which includes the payment of a dividend for the fiscal year 2010, for the gross amount of 2.5 euro cents per share

NOTICE. This document is a translation of a duly approved Spanish