“ELECNOR, S.A. reports that, after the drafting of the individual and consolidated annual financial statements for ELECNOR, S.A. and the individual and consolidated annual financial statements for the wholly-owned subsidiary ELECNOR SERVICIOS Y PROYECTOS, S.A.U., and following the respective verifications, it has been confirmed that the entity ELECNOR SERVICIOS Y PROYECTOS S.A.U. has, at the 2024 year end and for the second year running, met the requirements to be classified as a public interest entity in accordance with the provisions of article 3.5 of Law 22/2015 of 20 July, on account auditing (Spanish abbreviation ‘LAC’ [Account Auditing Law]) and article 8 of Royal Decree 2/2021, which approves the Regulation for the implementation of the LAC.

In turn, considering that the circumstances allow for the application of the specifications of section 3 d) of the third additional provision of the LAC, under which the individual functions of the audit committee of a public interest entity may be assumed by the audit committee of its parent company, it is hereby reported that the Board of Directors of ELECNOR, S.A. and the governing body of ELECNOR SERVICIOS Y PROYECTOS S.A.U., have granted their approval for the ELECNOR, S.A. Audit Committee to assume and perform the functions of the Audit Committee of ELECNOR SERVICIOS Y PROYECTOS S.A.U., as it is understood that, although the structure of the governing body of ELECNOR SERVICIOS Y PROYECTOS S.A.U. (four joint and several directors) does not allow for the creation of internal committees, the assumption and exercise of these functions by the ELECNOR, S.A. Audit Committee will be conducted with greater efficiency, ensuring, furthermore, greater homogeneity and coordination in the control and monitoring of the entities that comprise the Elecnor Group.”