Red Electrica de España : The Audit Committee has appointed Mr. Antonio Gómez Ciria as its Chairman and the Appointments and Remuneration Committee has appointed Mr. José Luis Feito Higueruela as its Chairman.

(Comisión Nacional del Mercado de Valores) Markets Section C/Edison, 4

28006 Madrid

Madrid, 28 November 2017

Dear Sirs:

In accordance with the provisions of article 228 of the consolidated text of the Spanish Securities Market Act, I attach hereto the following relevant fact concerning Red Eléctrica Corporación, S.A.:

The Audit Committee of the company, at a session held on 20 November 2017, has appointed the independent director Mr. Antonio Gómez Ciria as its Chairman for a term of three years, in accordance with the provisions of articles 23 of the By-Laws and 15 of the Board of Directors Regulations.

The Appointments and Remuneration Committee of the company, at a session held on

27 November 2017, has appointed the independent director Mr. José Luis Feito Higueruela as its Chairman for a term of three years, in accordance with the provisions of articles 24 of the By-Laws and 17 of the Board of Directors Regulations.

Yours sincerely,

Signed: Rafael García de Diego Barber Secretary-General and Secretary of the Board of Directors