SNF Ibero-America Fund Inc.

Record Date: SEP 09, 2010

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John H. Dobkin For Did Not Vote Management
1.2 Elect Director Michael J. Downey For Did Not Vote Management
1.3 Elect Director William H. Foulk, Jr. For Did Not Vote Management
1.4 Elect Director D. James Guzy For Did Not Vote Management
1.5 Elect Director Nancy P. Jacklin For Did Not Vote Management
1.6 Elect Director Robert M. Keith For Did Not Vote Management
1.7 Elect Director Garry L. Moody For Did Not Vote Management
1.8 Elect Director Marshall C. Turner, Jr. For Did Not Vote Management
1.9 Elect Director Earl D. Weiner For Did Not Vote Management
2 Amend Investment Advisory Agreement For Did Not Vote Management
3 Amend Investment Advisory Agreement For Did Not Vote Management
4 Amend Restated Declaration of Trust For Did Not Vote Management
5 Amend Charters for Certain Funds For Did Not Vote Management
 Organized as Maryland Corporations
6 Approve Change of Fundamental For Did Not Vote Management
 Investment Policy Related to
 Commodities
7 Change Fundamental Investment Objective For Did Not Vote Management
 to Non-fundamental

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For For Management
 Statutory Reports for FY 2010; Approve
 Allocation of Income
2 Approve Discharge of Directors for FY For For Management
 2010
3 Reelect Deloitte SL as Auditors of For For Management
 Individual and Consolidated Accounts
4 Authorize Increase in Capital by EUR For For Management
 4.03 Million Charged to Issue Premium
 Reserves for an Increase in Par Value
 from EUR 0.001 to EUR 0.01; Amend
 Article 5 of Bylaws Accordingly
5 Amend Article 42 Re: Audit Committee For For Management
6.1 Fix Number of Directors at 11 For For Management
6.2 Reelect Enrique Dupuy de Lome Chavarri For Against Management
 as Director
6.3 Reelect Stephan Gemkow as Director For Against Management
6.4 Reelect Pierre-Henri Gourgeon as For Against Management
 Director
6.5 Reelect Christian Boireau as Director For Against Management
6.6 Reelect Francesco Loredan as Director For Against Management
6.7 Reelect Stuart McAlpine as Director For Against Management
6.8 Reelect Jose Antonio Tazon Garcia as For Against Management
 Director
6.9 Ratify Co-option of and Elect David For For Management
 Gordon Comyn Webster as Director
6.10 Ratify Co-option of and Elect Bernard For For Management
 Andre Joseph Bourigeaud as Director
7 Advisory Vote on Remuneration Policy For For Management
 Report
8 Fix Remuneration of Board of Directors For For Management
 for FY 2011 at EUR 1.38 Million
9 Authorize Increase in Capital via For For Management
 Issuance of New Shares; Authorize Total
 or Partial Exclusion of Preemptive
 Rights; Void Previous Authorization
10 Authorize Issuance of Bonds, For For Management
 Debentures, and Other Fixed-Income
 Securities, Simple, Exchangeable and/or
 Convertible to Shares, Warrants, Notes,
 and Preferred Shares; Authorize
 Exclusion of Preemptive Rights; Void
 Unused Part of Previous Authorization
11 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

Record Date: APR 15, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1.1 Approve CEO and Auditors' Report on For For Management
 Financial Statements and Statutory
 Reports for Fiscal Year Ended Dec. 31,
 2010
1.2 Approve Board's Report on Accounting For For Management
 Criteria Policy and Disclosure Policy
 in Accordance with Article 172-B of
 Company Law
1.3 Approve Report on Activities and For For Management
 Operations Undertaken by the Board in
 Accordance with Article 28 IV (E) of
 Company Law
1.4 Approve Audit Committee's Report on For For Management
 Their Activities and on Company's
 Subsidiaries in Accordance with Article
 43 of Company Law
1.5 Approve Financial Statements, For For Management
 Allocation of Income and Distribution
 of Dividends
1.6 Approve Report on Repurchased Shares For For Management
 Program for Fiscal Year 2010
2 Elect/Ratify Directors, Elect Company For Abstain Management
 Secretary and Deputy Secretary, Elect
 Chairman of Audit Committee; Approve
 Their Remuneration, and Approve
 Discharge of Board of Directors and CEO
3 Elect/Ratify Members to the Key Board For Abstain Management
 Committees and Approve Their
 Remuneration, and Approve Discharge of
 Key Board Committees
4 Set Aggregate Nominal Amount of Share For For Management
 Repurchase Reserve in Accordance with
 Article 56 of Mexican Law
5 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Present Report on Acquisitions in For For Management
 Accordance with Article 47 of Stock
 Market Law
2 Accept Report on Reissuance of For For Management
 Repurchased Shares in Accordance with
 Article 56 of Stock Market Law; Approve
 Consequent Capital Increase via
 Issuance of Shares Representative of
 the Company's Share Capital
3 Approve Report on Repurchased Shares For For Management
 Reissuance in Accordance with Art. 56
 of Stock Market Law, Art. 26, Paragraph
 IV of Income Tax Law, and Art. 23 of
 the Regulations of Income Tax Law
4 Approve 2:1 Stock Split For For Management
5 Amend Bylaws to Reflect Resolutions in For For Management
 Item 4
6 Accept Report on Adherence to Fiscal For For Management
 Obligations for Fiscal Year 2009
7 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Directors for Class L Shares For Abstain Management
2 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends
3 Elect Directors For Abstain Management
4 Approve Remuneration of Executive For Abstain Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members
5 Elect Fiscal Council Members and For For Management
 Approve their Remuneration

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement between the For Did Not Vote Management
 Company and LFG Business, Edicoes e
 Participacoes Ltda.
2 Appoint Independent Firm to Appraise For Did Not Vote Management
 Proposed Merger
3 Approve Appraisal of Proposed Merger For Did Not Vote Management
4 Approve Merger between the Company and For Did Not Vote Management
 LFG Business, Edicoes e Participacoes
 Ltda.
5 Amend Article 3 to Reflect New Lines of For Did Not Vote Management
 Business Resulting from Merger
6 Authorize Board to Ratify and Execute For Did Not Vote Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Company's Entry into the Novo For For Management
 Mercado Listing Segment of the Sao
 Paulo Stock Exchange
2 Convert Preferred Shares into Ordinary For For Management
 Shares
3 Approve 7:1 Reverse Stock Split For For Management
4 Amend Articles For For Management
5 Ratify Current Board and Extend Term For Against Management
 until 2012

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Statutory For For Management
 Reports, and Allocation of Income for
 Fiscal Year 2010
2 Reelect Deloitte SL as Auditors of the For For Management
 Company and Consolidated Group for a
 One-Year Term
3 Accept CSR Report for Fiscal Year 2010 None None Management
4 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports, Allocation of Income and
 Distribution of Dividend, and Discharge
 Directors for Fiscal Year Ended Dec.
 31, 2010
2.1 Reelect Tomas Alfaro Drake as Director For For Management
2.2 Reelect Juan Carlos Alvarez Mezquiriz For For Management
 as Director
2.3 Reelect Carlos Loring Martinez de Irujo For For Management
 as Director
2.4 Reelect Susana Rodriguez Vidarte as For For Management
 Director
2.5 Ratify and Reelect Jose Luis Palao For For Management
 Garcia-Suelto as Directors
3 Approve Merger by Absorption of For For Management
 Finanzia Banco de Credito SA
 (Unipersonal)
4 Authorize Increase in Capital up to 50 For For Management
 Percent via Issuance of New Shares
 without Preemptive Rights; Amend
 Article 5 of Company Bylaws
5.1 Authorize Increase in Capital via For For Management
 Issuance of New Shares with Nominal
 Value of EUR 0.49 per Share Charged to
 Voluntary Reserves
5.2 Authorize Increase in Capital via For For Management
 Issuance of New Shares with Nominal
 Value of EUR 0.49 per Share Charged to
 Voluntary Reserves
6 Authorize Issuance of Debt Securities For For Management
 up to EUR 250 Billion Within Five
 Years; Void Unused Part of Previous
 Authorization
7 Approve Variable Remuneration of For For Management
 Executives and Directors in Company
 Shares
8 Approve Extension of Deferred Share For For Management
 Remuneration Plan
9 Elect Auditors for Fiscal Year 2011 For For Management
10 Amend Articles 1, 6, 9, 13 ter, 15, 16, For For Management
 19, 20, 21, 22, 24, 28, 30, 31, 32, 48,
 51, 52, 53, 54 and 56 of Company Bylaws
11 Amend Articles 2, 3, 4, 5, 9, 10, 11, For For Management
 18 and 20 of General Meeting Guidelines
12 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
13 Approve Remuneration Report For For Management

Ticker: Security ID: E19790109
Meeting Date: JUN 16, 2011 Meeting Type: Annual
Record Date: JUN 09, 2011

# Proposal Mgt Rec Vote Cast Sponsor
1.A Accept Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for FY 2010
1.B Approve Discharge of Directors for FY For For Management
 2010
2 Approve Allocation of Income for FY For For Management
 2010
3.A Reelect Ana Patricia Botin-Sanz de For For Management
 Sautuola y O'Shea as Director
3.B Reelect Rodrigo Echenique Gordillo as For Against Management
 Director
3.C Reelect Lord Burns as Director For Against Management
3.D Reelect Assicurazioni Generali S.p.A. For Against Management
 as Director
4 Reelect Deloitte, S.L. as Auditors for For For Management
 FY 2011
5.A Amend Articles 8, 11, 15, 16 and 18 Re: For For Management
 Equity-Related
5.B Amend Several Articles of Bylaws For For Management
5.C Amend Article 62 and 69 of Bylaws For For Management
6.A Amend Preamble and Article 2 of General For For Management
 Meeting Regulations
6.B Amend Articles 4, 5 and 8 of General For For Management
 Meeting Regulations; Add Article 6 Bis
 to General Meeting Regulations
6.C Amend Article 12, 19, 21 and Additional For For Management
 Provision of General Meeting
 Regulations
7 Grant Board Authorization to Increase For For Management
 Capital
8.A Authorize Increase in Capital Charged For For Management
 to Voluntary Reserves for Bonus Issue;
 Amend Article 5 of Bylaws Accordingly;
 Approve Listing of Shares
8.B Authorize Increase in Capital Charged For For Management
 to Voluntary Reserves for Bonus Issue;
 Amend Article 5 of Bylaws Accordingly;
 Approve Listing of Shares
9.A Authorize to Issuance of Convertible For For Management
 and/or Exchangeable Debt Securities
 Including Warrants Without Preemptive
 Rights; Void Authorization Granted at
 2010 AGM
9.B Authorize Issuance of Non Convertible For For Management
 Debt Securities Including Warrants
10.A Approve Sixth Cycle of Performance For For Management
 Share Plan
10.B Approve Second Cycle of Deferred and For For Management
 Conditional Share Plan
10.C Approve First Cycle of Deferred and For For Management
 Conditional Variable Remuneration Plan
10.D Approve Savings Plan for Santander UK For For Management
 plc Employees and Other Companies of
 Santander Group in UK
11 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
12 Advisory Vote on Remuneration Policy For For Management
 Report

# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Article For For Management
2 Amend Article 7 For For Management
3 Amend Article 20 For For Management
4 Amend Article 29 For For Management
5 Amend Article 61 For For Management
6 Amend Article 63 For For Management
7 Amend Article 64 For For Management
8 Amend Article 65 For For Management
9 Amend Articles For For Management
10 Amend Article 5 For For Management
11 Amend Article 16 For For Management
12 Amend Article 18 For For Management
13 Amend Articles For For Management
14 Amend Article 29 and 38 For For Management
15 Amend Article 34 For For Management
16 Amend Article 38 For For Management
17 Amend Article 45 For For Management
18 Amend Article 47 For For Management
19 Amend Articles 69 and 70 For For Management
20 Amend Article 70 For For Management
21 Amend Article 74 For For Management
22 Amend Article 73 For For Management
23 Amend Articles For For Management
24 Amend Articles For For Management
25 Consolidate Bylaws For For Management
26 Amend Stock Option Plan For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends
3 Elect Directors For For Management
4 Approve Remuneration of Executive For For Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Three Alternate Board Members For Did Not Vote Management
2 Approve 2:1 Stock Split For Did Not Vote Management
3 Authorize Capitalization of Reserves For Did Not Vote Management
 without Issuance of Shares
4 Amend Article 5 to Reflect Changes in For Did Not Vote Management
 Capital Due to Capitalization of
 Reserves and Stock Split
5 Approve Increase in Authorized Capital For Did Not Vote Management
 and Amend Article 6 Accordingly
6 Authorize Creation of Statutory Reserve For Did Not Vote Management
 for Investment Purposes; Amend Article
 31 Accordingly

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Acquisition of 50.01 Percent of For For Management
 Share Capital of Cima Empreendimentos
 do Brasil SA by Ecisa Engenharia,
 Comercio e Industria Ltd, a Company
 Subsidiary
2 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions.

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends

# Proposal Mgt Rec Vote Cast Sponsor
1 Authorize Capitalization of Reserves For For Management
 without Issuance of Shares
2 Amend Article 5 to Reflect Changes in For For Management
 Capital
3 Approve Remuneration of Executive For Abstain Management
 Officers, Non-Executive Directors

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for FY 2010; Approve Discharge
 of Directors
2 Approve Allocation of Income for FY For For Management
 2010
3 Amend Several Articles of Bylaws For For Management
4 Amend Several Articles of General For For Management
 Meeting Regulations; Add Chapter VII to
 the General Meeting Regulations
5 Appoint Pricewaterhousecoopers For For Management
 Auditores SL as Auditors of Individual
 and Consolidated Accounts
6 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
7 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends
3 Elect Directors For For Management
4 Elect Fiscal Council For For Management
5 Approve Remuneration of Executive For For Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Purchase of Shares of Banco For For Management
 Compartamos SA, Institucion de Banca
 Multiple
2 Set Share Price of Banco Compartamos For For Management
 SA, Institucion de Banca Multiple in
 Connection with Tender Offer
3 Approve Stock Option Plan For Against Management
4 Authorize Increase in Capital via For For Management
 Capitalization of Share Purchase
5 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting
1 Approve Cancellation of Company For For Management
 Treasury Shares
2 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Report of Board of Directors in For For Management
 Compliance with Article 172 of Mexican
 General Companies Law
2 Accept Financial Statements for the For For Management
 Period Ended March 31, 2011
3 Approve Allocation of Income for Fiscal For For Management
 Year 2010 and the Period Ended March
 31, 2011
4 Accept Tax Report on Adherence to For For Management
 Fiscal Obligations Pursuant to Article
 86 of the Income Tax Law
5 Elect Directors, Chairmen of Audit and For Abstain Management
 Corporate Practices Committees; Approve
 their Remuneration
6 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements and Discharge
 Directors for FY 2010
2 Approve Allocation of Income and For For Management
 Dividends of EUR 10.5 Per Share
3 Amend Several Articles of Bylaws to For For Management
 Adapt to Revised Legislations
4 Amend Several Articles of General For For Management
 Meeting Regulations to Adapt to Revised
 Legislations
5.1 Re-elect Jose Miguel de la Rica For Against Management
 Basagoiti as Director
5.2 Re-elect Fermin Arrese Arratibel as For Against Management
 Director
6 Re-elect Deloitte SL as Auditors of For For Management
 Individual and Consolidated Accounts
7 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
8 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
 Financial Statements for FY Ended
 December 31, 2010
2 Approve Discharge of Directors for FY For For Management
 2010
3 Approve Allocation of Income and For For Management
 Dividends
4.1 Fix Number of Directors at 14 For For Management
4.2.a Ratify Appointment of Juan March Juan For For Management
 as Director
4.2.b Ratify Appointment of Jose Nieto de la For For Management
 Cierva as Director
4.2.c Elect Jose Maria Serra Farre as For For Management
 Director
4.2.d Elect Ramon Carne Casas as Director For For Management
4.2.e Re-elect Nicholas Brookes as Director For For Management
5.1 Amend Article 15 of Bylaws Re: General For For Management
 Meeting-Related
5.2 Amend Article 16 of Bylaws Re: General For For Management
 Meeting-Related
5.3 Amend Article 20 of Bylaws Re: General For For Management
 Meeting-Related
5.4 Amend Article 22 of Bylaws Re: General For For Management
 Meeting-Related
5.5 Amend Article 24 of Bylaws Re: General For For Management
 Meeting-Related
5.6 Amend Article 30 of Bylaws Re: General For For Management
 Meeting-Related
5.7 Amend Article 31 of Bylaws Re: General For For Management
 Meeting-Related
5.8 Amend Article 37 of Bylaws Re: For For Management
 Re-election
5.9 Amend Article 39 of Bylaws Re: For For Management
 Remuneration
5.10 Amend Article 47 of Bylaws Re: Audit For For Management
 Committee
5.11 Amend Article 49 of Bylaws Re: For For Management
 Financial Statements and Statutory
 Reports
5.12 Amend Article 50 of Bylaws to Adopt New For For Management
 Chart of Accounts as per Spanish
 Corporate Enterprises Act
5.13 Amend Article 57 of Bylaws Re: For For Management
 Application of Net Income
6.a.1 Amend Article 5 of General Meeting For For Management
 Regulations Re: Functions
6.a.2 Amend Article 7 of General Meeting For For Management
 Regulations Re: Right to Information
6.a.3 Amend Article 8 of General Meeting For For Management
 Regulations Re: Attendance
6.a.4 Amend Article 18 of General Meeting For For Management
 Regulations Re: Convening the General
 Meeting
6.a.5 Amend Article 21 of General Meeting For For Management
 Regulations Re: Quorum Requirement for
 Special Business Matters
6.a.6 Amend Article 26 of General Meeting For For Management
 Regulations Re: Adoption of Resolutions
6.b Receive Changes to Board of Directors' None None Management
 Guidelines
7 Advisory Vote on Remuneration Report For For Management
8 Re-elect Ernst & Young SL as Auditors For For Management
 of Company and Consolidated Group
9 Authorize Repurchase of Shares in For For Management
 Accordance with Article 146 of Spanish
 Corporate Enterprises Act
10 Approve Reduction in Share Capital via For For Management
 Amortization of Treasury Shares
11 Approve Transfer of Excess from Legal For For Management
 Reserves Following Capital Reduction
 from Item 10 to Voluntary Reserves
12 Approve Stock Option Plan For For Management
13 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
14 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 March 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends
3 Approve Remuneration of Executive For Against Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members
4 Elect Directors For For Management
5 Elect Fiscal Council For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Articles 22 and 27 For For Management
2 Amend Article 27 to Establish New For For Management
 Purview Committee
3 Consolidate Bylaws For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Consolidated and Individual For For Management
 Financial Statements and Statutory
 Reports for FY 2010
2 Approve Discharge of Directors For For Management
3 Approve Allocation of Income and For For Management
 Dividends of EUR 0.08 per Share
4.1 Authorize Increase in Capital Charged For For Management
 to Voluntary Reserves for Bonus Issue;
 Amend Article 5 and 6.1 of Bylaws
 Accordingly
4.2 Authorize Second Increase in Capital For For Management
 Charged to Voluntary Reserves for Bonus
 Issue; Amend Article 5 and 6.1 of
 Bylaws Accordingly
5 Authorize Third Increase in Capital For For Management
 Charged to Voluntary Reserves for Bonus
 Issue; Amend Article 5 and 6.1 of
 Bylaws Accordingly
6 Amend Articles 4, 8,10, 11, 13, 15, 18, For For Management
 19, 20, 21, 34, 40, 44, and 49 of
 Bylaws
7 Amend Articles 14, 17, 24, 31, 32, 45, For For Management
 and Add New Paragraph 4 of Article 46
8.A Approve Exchange of Assets Between For For Management
 Company and Caixa d'Estalvis i Pensions
 de Barcelona
8.B Approve Issuance of 374.40 Million For For Management
 Shares without Preemptive Rights in
 Connection with an Acquisition of
 Microbank de "la Caixa" SA; Amend
 Articles 5 and 6.1 of Bylaws
 Accordingly
8.C Approve Merger by Absorption of For For Management
 Microbank de "la Caixa" SA
9 Approve Internal Reorganization Plan at For For Management
 Completion of Proposed Transactions in
 Items 8a to 8c
10 Amend Preamble, Articles 3, 5, 10, 11, For For Management
 12, and 13; Add New Article 7bis;
 Approve New General Meeting Regulations
11 Receive Changes to Board of Directors' None None Management
 Guidelines
12 Authorize Increase in Capital up to EUR For For Management
 1.68 Billion via Issuance of New Shares
 without Preemptive Rights
13 Authorize Issuance of Convertible Bonds For For Management
 Including Warrants without Preemptive
 Rights up to EUR 4 Billion
14 Authorize Issuance of Bonds/Debentures For For Management
 up to EUR 51 Billion
15.1 Fix Number of Directors to 18 For Against Management
15.2 Elect Juan Jose Lopez Burniol as For Against Management
 Director
16 Authorize Repurchase of Shares For For Management
17 Allow Directors David K.P. Li and For For Management
 Carlos Slim Helu to Fulfill Director
 Functions in Bank of East Asia
18 Re-elect Deloitte SL as Auditors For For Management
19 Advisory Vote on Remuneration Report For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger between the Company and For For Management
 MD1 Diagnosticos SA
2 Approve Merger Agreement between the For For Management
 Company and MD1 Diagnosticos SA
3 Appoint Independent Firm to Appraise For For Management
 Proposed Merger
4 Approve Independent Firm's Appraisal For For Management
5 Approve Issuance of Shares in For For Management
 Connection with Merger
6 Amend Articles to Reflect Changes in For For Management
 Capital
7 Approve Stock Option Plan For Against Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Capital Budget and Allocation For For Management
 of Income
3 Elect Directors For Abstain Management
4 Approve Remuneration of Executive For For Management
 Officers, Non-Executive Directors

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal 2010
2 Approve Allocation of Income and For For Management
 Dividends
3.A.1 Approve Discharge of General and For For Shareholder
 Supervisory Board
3.A.2 Approve Discharge of Executive Board For For Shareholder
3.A.3 Approve Discharge of Statutory Auditor For For Shareholder
3B Approve Discharge of Management and For For Management
 Supervisory Board
4 Authorize Repurchase and Reissuance of For For Management
 Shares
5 Authorize Repurchase and Reissuance of For For Management
 Debt Instruments
6 Approve Remuneration Policy for For For Management
 Executive Directors
7 Approve Remuneration Policy for Other For For Management
 Corporate Bodies
8A Elect Parpublica SGPS as Director For For Management
8B Elect Jose de Melo Energia SGPS as For For Management
 Director

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for Fiscal Year 2010
2 Approve Allocation of Income for Fiscal For For Management
 Year 2010
3 Approve Discharge of Directors for For For Management
 Fiscal Year 2010
4 Reelect Deloitte SL as Auditor for For For Management
 Fiscal Year 2011
5.1 Amend Article 1 of Bylaws Re: Corporate For For Management
 Name
5.2 Amend Article 8 of Bylaws Re: For For Management
 Shareholders' Rights
5.3 Amend Article 10 of Bylaws Re: Usufruct For For Management
 of Shares
5.4 Amend Article 11 of Bylaws Re: Pledging For For Management
 of Shares
5.5 Amend Article 14 of Bylaws Re: For For Management
 Preemptive Rights
5.6 Amend Article 15 of Bylaws Re: For For Management
 Reduction of Capital by Share
 Repurchase
5.7 Amend Article16 of Bylaws Re: Issuance For For Management
 of Bonds
5.8 Amend Article18 of Bylaws Re: General For For Management
 Meeting
5.9 Amend Article 21 of Bylaws Re: For For Management
 Extraordinary General Meetings
5.10 Amend Article 22 of Bylaws Re: For For Management
 Convening the General Meeting
5.11 Amend Article 23 of Bylaws Re: For For Management
 Exceptional Convening of the General
 Meeting
5.12 Amend Article 26 of Bylaws Re: Special For For Management
 Quorum
5.13 Amend Article 27 of Bylaws Re: For For Management
 Attendance at Meetings, Representation
 by Proxy and Voting
5.14 Amend Article 32 of Bylaws Re: Minutes For For Management
 of General Meetings
5.15 Amend Article 33 of Bylaws Re: For For Management
 Notarised Minutes
5.16 Amend Article 34 of Bylaws Re: For For Management
 Challenges to Resolutions of the
 General Meeting
5.17 Amend Article 35 of Bylaws Re: For For Management
 Composition of the Board
5.18 Amend Article 42 of Bylaws Re: For For Management
 Challenges to Resolutions of the Board
 of Directors
5.19 Amend Article 44 of Bylaws Re: Audit For For Management
 and Compliance Committee
5.20 Amend Article 47 of Bylaws Re: For For Management
 Employees
5.21 Amend Article 50 of Bylaws Re: For For Management
 Appointment of Auditors
5.22 Amend Article 52 of Bylaws Re: For For Management
 Allocation of Profit or Loss
5.23 Amend Article 54 of Bylaws Re: For For Management
 Distribution of Dividends
6.1 Amend Article 4 of General Meeting For For Management
 Regulations Re: Powers of the General
 Meeting
6.2 Amend Article 5 of General Meeting For For Management
 Regulations Re: Convening the General
 Meeting
6.3 Amend Article 7 of General Meeting For For Management
 Regulations Re: Shareholders' Right to
 Information
6.4 Amend Article 9 of General Meeting For For Management
 Regulations Re: Attendance Rights
6.5 Amend Article 10 of General Meeting For For Management
 Regulations Re: Proxy Rights
6.6 Amend Article 11 of General Meeting For For Management
 Regulations Re: Voting Rights
6.7 Amend Article 12 of General Meeting For For Management
 Regulations Re: Organisation and
 Constitution of the General Meeting
6.8 Amend Article 13 of General Meeting For For Management
 Regulations Re: Proceedings of the
 General Meeting
6.9 Amend Article 14 of General Meeting For For Management
 Regulations Re: Attendance and
 Intervention of Other Persons
6.10 Amend Article 15 of General Meeting For For Management
 Regulations Re: Minutes of the General
 Meeting
7.1 Re-elect Jesus David Alvarez Mezquiriz For For Management
 as Director
7.2 Re-elect Luis Javier Navarro Vigil as For For Management
 Director
7.3 Re-elect Caja de Ahorros de Valencia, For Abstain Management
 Castellon y Alicante (BANCAJA) as
 Director
7.4 Ratify Appointment of Sultan Hamed For For Management
 Khamis Al Burtamani as Director
8 Approve Remuneration of Directors for For For Management
 Fiscal Year 2011
9 Authorize Issuance of Convertible and For For Management
 Non-Convertible Bonds, Debentures, or
 Fixed Income Securities up to EUR 4
 Billion, with Preemptive Rights on
 Convertible Issues
10 Accept Explanatory Report in Accordance None None Management
 with Article 116 bis of Spanish Stock
 Market Law
11 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Present Management Report in Compliance None None Management
 with Article 116 bis of Spanish
 Securities Market Law
2 Approve Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for Fiscal Year Ended Dec. 31,
 2010
3.1 Approve Allocation of Income for Fiscal For For Management
 Year 2010
3.2 Approve Dividend of EUR 0.30 Per Share For For Management
 Charged to Voluntary Reserves
4 Approve Discharge of Directors for For For Management
 Fiscal Year 2010
5 Fix Board Size to 12 Directors For For Management
6 Amend Articles 1, 8, 10, 12, 13, 16, For For Management
 17, 22, 25, 26, 27, 34, 42, 49, 52, 56,
 and 57 of Company Bylaws
7.1 Amend Preamble and Articles 4, 5, 6, 7, For For Management
 13, 24, and 25 of General Meeting
 Regulations
7.2 Add New Subsection 3 in Article 8 Re: For For Management
 Electronic Shareholders' Forum
8 Approve Payment to Executive Directors For For Management
 and Senior Management of Compensation
 Owed to Them in the Form of Stock in
 Lieu of Cash
9 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions; Authorize Filing
 of Required Documents

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Agreement to Absorb Alicia For Did Not Vote Management
 Papeis SA
2 Appoint Independent Firm to Appraise For Did Not Vote Management
 Proposed Merger
3 Approve Appraisal of Proposed Merger For Did Not Vote Management
4 Approve Absorption For Did Not Vote Management
5 Transact Other Business For Did Not Vote Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Directors For For Management
2 Amend Remuneration of Executive For For Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Statutory Reports as Required by For For Management
 Article 28 of Mexican Securities Law,
 Approve Financial Statements for Fiscal
 Year Ended Dec. 31, 2010; Approve Tax
 Obligation Compliance Reports and
 Approve Allocation of Income
2 Elect Directors, Secretary, and For Abstain Management
 Presidents of Audit and Corporate
 Governance Committees
3 Approve Remuneration of Directors, For For Management
 Board Secretary and Members of Board
 Committees
4 Set Aggregate Nominal Amount of Share For For Management
 Repurchase Reserve
5 Approve Consolidation of Company Bylaws For Abstain Management
6 Designate Inspector or Shareholder For For Management
 Representative of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends
3 Elect Directors and Approve the For Abstain Management
 Remuneration of Administrators
4 Elect Fiscal Council Members and For For Management
 Approve Their Remuneration
5 Amend Conditions of Third Debenture For For Management
 Issuance, Series A and B

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for Fiscal Year 2010
2 Approve Allocation of Income and For For Management
 Dividends of EUR 0.24 Per Share
3 Approve Discharge of Directors for For For Management
 Fiscal Year 2010
4 Approve Special Dividends of EUR 0.106 For For Management
 Per Share
5 Change Company Name to Mediaset Espana For For Management
 Comunicacion SA and Amend Article 1
 Accordingly
6 Appove Maximum Aggregate Annual For For Management
 Remuneration of Directors
7 Approve Shares in Lieu of Cash for For For Management
 Executives
8 Approve Stock Option and Restricted For Against Management
 Stock Plan
9 Authorize Repurchase of Shares; Approve For Against Management
 Allocation of Repurchased Shares to
 Remuneration Plans; Void Previous
 Authorization
10 Re-appoint Ernst & Young SL as Auditors For For Management
 of Company and Consolidated Group
11 Receive Remuneration Report for Fiscal None None Management
 Year 2010
12 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual Financial Statements For For Management
 and Statutory Reports for FY 2010
2 Approve Allocation of Income for FY For For Management
 2010
3 Accept Consolidated Financial For For Management
 Statements and Statutory Reports for FY
 2010
4 Approve Discharge of Directors for the For For Management
 FY 2010
5 Adopt New Bylaws For Against Management
6.1 Reelect Francisco Jose Arregui Laborda For For Management
 as Director
6.2 Reelect JS Invest SL as Director For For Management
6.3 Reelect Newsercal SL as Director For For Management
6.4 Elect Juan Ignacio Guerrero Gilabert as For For Management
 Director
7 Elect Auditors of Individual and For For Management
 Consolidated Accounts for FY 2011
8 Amend Preamble, and Articles 3 and 4; For For Management
 Add New Article 5 bis of General
 Meeting Regulations
9 Accept Changes to Board of Directors' For For Management
 Regulations
10 Authorize Increase in Capital without For For Management
 Preemptive Rights
11 Advisory Vote on Remuneration Report For Against Management
12 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Cancellation of Company For For Management
 Treasury Shares; Consequently Reduce
 Share Capital; Amend Article 6 of
 Company Bylaws Accordingly
2 Approve of the Creation of the Reserve For For Management
 Funds for the Acquisition of the
 Company's Own Shares
3 Set Maximum Nominal Amount for Share For For Management
 Repurchase
4 Set Company's Responsibility Policy in For For Management
 Relation to Directors and Officers
5 Elect New Director of the Board and For For Management
 Secretary
6 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Report on Adherence to Fiscal For For Management
 Obligations
3 Approve Audit and Corporate Practices For For Management
 Committee's Report for Fiscal Year
 Ended Dec. 31, 2010
4 Approve Financial Statements for Fiscal For For Management
 Year Ended Dec. 31, 2010, and
 Allocation of Income
5 Approve Dividends For For Management
6 Approve Report on Share Repurchase and For For Management
 Set Maximum Amount for Share Repurchase
7 Elect or Ratify Directors, and Audit For Abstain Management
 and Corporate Practice Committee
 Members; Approve Their Respective
 Remuneration
8 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect New Director For Abstain Management
2 Accept Report on Resigning of Pablo For For Management
 Prudencio Collado Casares as Member of
 the Board and Audit and Corporate
 Practices Committee
3 Elect or Ratify Members of Audit and For Abstain Management
 Corporate Practices Committee
4 Approve Granting of Powers For Against Management
5 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Directors For Abstain Management
2 Approve Dividends of MXN 0.17 Per Share For For Management
3 Present Auditor Report For For Management
4 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting
5 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Directors For For Management
2 Approve Cash Dividends of MXN 0.17 Per For For Management
 Share
3 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting
4 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Acquisition of IXE Grupo For For Management
 Financiero S.A.B. de C.V by Grupo
 Financiero Banorte S.A.B. de C.V.;
 Approve Financial Statements
2 Amend Company Bylaws For For Management
3 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting
4 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income For For Management
3 Approve Cash Dividends of MXN 0.18 Per For For Management
 Share
4 Elect Directors; Verify Independence of For For Management
 Board Members
5 Approve Remuneration of Directors For For Management
6 Elect Members of Audit and Corporate For For Management
 Practices Committee
7 Present Report on Company's 2010 Share For For Management
 Repurchase Program; Set Maximum Nominal
 Amount of Share Repurchase Program for
 2011
8 Authorize Board to Obtain Certification For For Management
 of the Company Bylaws
9 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting
10 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For For Management
 Statutory Reports as Required by
 Article 28 of Mexican Securities Law,
 Approve Financial Statements for Fiscal
 Year Ended Dec. 31, 2010; Approve
 Discharge of Directors, CEO and Board
 Committees
2 Present Report on Compliance with For For Management
 Fiscal Obligations
3 Approve Allocation of Income for Fiscal For For Management
 Year 2010
4 Aggregate Nominal Amount for Share For For Management
 Repurchase and Receive Report on
 Board's Decision on Share Repurchase
 and Sale of Treasury Shares
5 Elect or Ratify Members of the Board, For Abstain Management
 Secretary and Other Officers
6 Elect or Ratify Members of the For Abstain Management
 Executive Committee
7 Elect or Ratify Chairman of Audit For Abstain Management
 Committee and Corporate Practices
 Committee
8 Approve Remuneration of Board Members, For For Management
 Executive, Audit and Corporate
 Practices Committees, and Secretary
9 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Balance Sheet and For For Management
 Financial Statements as of March 31,
 2011
2 Approve Merger of Grupo Televisa SAB de For For Management
 CV and Cablemas SA de CV; Approve Terms
 and Conditions of Merger
3 Approve Increase in Share Capital; For For Management
 Issuance of Class A, B, D and L Shares
 in Connection with Merger in Item 2
4 Amend Company Bylaws to Reflect For For Management
 Resolutions in Previous Items
5 Designate Inspector or Shareholder For For Management
 Representative(s) of Minutes of Meeting

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Capital Budget for Upcoming For For Management
 Fiscal Year
3 Approve Allocation of Income and For For Management
 Dividends
4 Elect Directors For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Partial Spin-Off For For Management
2 Appoint Independent Firm to Appraise For For Management
 Partial Spin-Off
3 Approve Independent Firm's Appraisal For For Management
4 Approve Reduction in Share Capital For For Management
5 Amend Articles to Reflect Changes in For For Management
 Capital
6 Approve Agreement to Absorb Brainfarma For For Management
 and Cosmed
7 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
8 Approve Independent Firm's Appraisal For For Management
9 Approve Absorption For For Management
10 Amend Articles to Reflect Changes in For For Management
 Capital
11 Approve Agreement to Absorb Luper For For Management
 Industria Farmaceutica
12 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
13 Approve Independent Firm's Appraisal For For Management
14 Approve Absorption For For Management
15 Amend Articles Re: Subsidiary Names For For Management
16 Amend Articles Re: Subsidiary Addresses For For Management
17 Amend Articles Re: Business Lines For For Management
18 Amend Articles Re: Business Lines For For Management
19 Amend Articles Re: Competency of For Against Management
 General Assembly
20 Amend Articles Re: Competency of Board For Against Management
21 Amend Articles Re: Competency of For For Management
 Executive Committee
22 Consolidate Bylaws For Against Management
23 Amend Minutes of Jan. 24, 2011, EGM For For Management
24 Ratify Items Approved at Jan. 24, 2011, For For Management
 EGM
25 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Appoint Independent Firm to Appraise For For Management
 Proposed Acquisition of York SA
 Industria e Comercio, IPH&C Industria
 de Produtos de Higiene e Cosmeticos
 Ltda., DPH Distribuidora de Produtos de
 Higiene Ltda., and Comercial Maripa
 Ltda.
2 Approve Appraisals of York, IPH&C, DPH, For For Management
 and Maripa
3 Ratify Acquisition of 99.136 Percent of For For Management
 York's Shares
4 Ratify Acquisition of IPH&C, DPH, and For For Management
 Maripa
5 Approve a Value of BRL 5.31 per Share For For Management
 to be Paid to Shareholders who Choose
 to Exercise their Right of Withdrawal
 for Items 3 and 4
6 Approve Agreement to Absorb Versoix For For Management
 Participacoes, Ltda.
7 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
8 Approve Appraisal For For Management
9 Approve Absorption of Versoix For For Management
 Participacoes, Ltda.
10 Approve Agreement to Absorb Sapeka - For For Management
 Industria e Comercio de Fraldas
 Descartaveis SA
11 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
12 Approve Appraisal For For Management
13 Approve Absorption of Sapeka - For For Management
 Industria e Comercio de Fraldas
 Descartaveis SA
14 Approve Agreement to Absorb Facilit For For Management
 Odontologica e Perfumaria Ltda.
15 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
16 Approve Appraisal For For Management
17 Approve Absorption of Facilit For For Management
 Odontologica e Perfumaria Ltda.
18 Approve Agreement to Absorb DPH For For Management
19 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
20 Approve Appraisal For For Management
21 Approve Absorption of DPH For For Management
22 Approve Agreement to Absorb Maripa For For Management
23 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
24 Approve Appraisal For For Management
25 Approve Absorption of Maripa For For Management
26 Approve Agreement to Absorb York For For Management
27 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
28 Approve Appraisal For For Management
29 Approve Absorption of York (i) with For For Management
 Issuance of New Shares, or (ii) without
 Issuance of New Shares in the Event
 that the Company Acquires All Shares of
 York
30 Amend Articles to Reflect Changes in For For Management
 Capital in the Event that Shares are
 Issued, per Item 29 above
31 Amend Article 1 to Eliminate Fictitious For For Management
 (DBA) Name of "Farmasa"
32 Amend Article 2 to Reflect New For For Management
 Subsidiaries
33 Consolidate Bylaws For For Management
34 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Appoint Independent Firm to Appraise For For Management
 Proposed Acquisition of York, IPH&C,
 DPH, Comercial Maripa Ltda., and
 Mantecorp Industria Quimica e
 Farmaceutica
2 Approve Appraisals of York, IPH&C, DPH, For For Management
 Maripa, and Mantecorp
3 Ratify Acquisition of 99.136 Percent of For For Management
 York's Shares
4 Ratify Acquisition of IPH&C, DPH, and For For Management
 Maripa
5 Approve Acquisition of 23.77 Percent of For For Management
 Shares of Mantecorp Industria Quimica e
 Farmaceutica SA
6 Approve a Value of BRL 5.31 per Share For For Management
 to be Paid to Shareholders who Choose
 to Exercise their Right of Withdrawal
7 Approve Agreement to Absorb York For For Management
8 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
9 Approve Appraisal For For Management
10 Approve Absorption of York For For Management
11 Approve Agreement to Absorb Versoix For For Management
 Participacoes, Ltda.
12 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
13 Approve Appraisal For For Management
14 Approve Absorption of Versoix For For Management
 Participacoes, Ltda.
15 Approve Agreement to Absorb Sapeka - For For Management
 Industria e Comercio de Fraldas
 Descartaveis SA
16 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
17 Approve Appraisal For For Management
18 Approve Absorption of Sapeka - For For Management
 Industria e Comercio de Fraldas
 Descartaveis SA
19 Approve Agreement to Absorb Facilit For For Management
 Odontologica e Perfumaria Ltda.
20 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
21 Approve Appraisal For For Management
22 Approve Absorption of Facilit For For Management
 Odontologica e Perfumaria Ltda.
23 Approve Agreement to Absorb DPH For For Management
24 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
25 Approve Appraisal For For Management
26 Approve Absorption of DPH For For Management
27 Approve Agreement to Absorb Maripa For For Management
28 Appoint Independent Firm to Appraise For For Management
 Proposed Absorption
29 Approve Appraisal For For Management
30 Approve Absorption of Maripa For For Management
31 Approve Acquisition and Absorption of For For Management
 76.23 Percent of Shares of Mantecorp
 Industria Quimica e Farmaceutica SA
32 Appoint Independent Firm to Appraise For For Management
 Proposed Merger
33 Approve Independent Firm's Appraisal For For Management
34 Approve Issuance of Shares in For For Management
 Connection with Mantecorp Merger
35 Amend Articles to Reflect Changes in For For Management
 Capital
36 Amend Article 1 to Eliminate Fictitious For For Management
 (DBA) Name of "Farmasa"
37 Amend Article 2 to Reflect New For For Management
 Subsidiaries
38 Approve Increase in Authorized Capital For For Management
39 Consolidate Bylaws For For Management
40 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Appoint Independent Firm to Appraise For For Management
 Acquisition of Mabesa do Brasil
 Participacoes Ltda.
2 Approve Independent Firm's Appraisal For For Management
3 Ratify Acquisition of Mabesa For For Management
4 Approve a Value of BRL 5.31 per Share For For Management
 to be Paid to Shareholders who Choose
 to Exercise their Right of Withdrawal
5 Approve Partial Spin-Off of Mantecorp For For Management
 Industria Quimica e Farmaceutica SA and
 Absorption of Spun-Off Assets by the
 Company
6 Appoint Independent Firm to Appraise For For Management
 Mantecorp IQ's Spun-Off Assets and
 Mantecorp Logistica
7 Approve Independent Firm's Appraisal For For Management
8 Approve Agreement to Absorb Mantecorp For For Management
 IQ's Spun-Off Assets, without Issuance
 of New Shares
9 Approve Agreement to Absorb Mantecorp For For Management
 Logistica, without Issuance of New
 Shares
10 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
 Financial Statements for FY 2010
2 Accept Individual and Consolidated For For Management
 Management Reports for FY 2010
3 Approve Discharge of Directors for FY For For Management
 2010
4 Re-elect Ernst & Young SL as Auditors For For Management
 of Individual and Consolidated Accounts
 for FY 2011
5 Approve Allocation of Income and For For Management
 Dividends of EUR 0.03 Per Share
6 Authorize Capital Increase of up to EUR For For Management
 1.91 Billion via Capitalization of
 Reserves, and Amend Article 5
 Accordingly
7 Approve 2011-2013 Restricted Sotck Plan For For Management
8 Authorize Issuance of Equity or For For Management
 Equity-Linked Securities of up to 50
 percent, Excluding Preemptive Riqhts of
 up to 20 Percent
9 Authorize Issuance of Convertible For For Management
 Bonds/Debentures Including Warrants
 without Preemptive Rights up to EUR 5
 Billion
10 Authorize Issuance of (i) For For Management
 Bonds/Debentures/Preferred Stock up to
 Aggregate Nominal Amount of EUR 20
 Billion, and (ii) Notes up to EUR 6
 Billion
11 Authorize Listing on and Delisting from For For Management
 Secondary Exchanges of Shares and Other
 Securities
12 Authorize Board to Create and Fund For For Management
 Associations and Foundations
13.1 Amend Article 1 Re: include Concept of For For Management
 Corporate Governance System and
 Corporate Interest
13.2 Amend Several Articles Re: Technical For For Management
 and Textual Adjustments
13.3 Amend Several Articles Re: General For For Management
 Meeting Rules
13.4 Amend Several Articles Re: Technical For For Management
 and Textual Adjustments on General
 Meeting Rules
13.5 Amend Several Articles Re: Voting For For Management
 Rights
13.6 Amend Articles Re: Board and Committees For For Management
13.7 Adopt Restated Bylaws For For Management
14 Amend General Meeting Regulations For For Management
15 Approve Merger by Absorption of For For Management
 Iberdrola Renovables SA
16 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
17 Advisory Vote on Remuneration Report For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual Financial Statements For For Management
 and Statutory Reports for Fiscal Year
 Ended Jan. 31, 2010
2 Approve Consolidated Financial For For Management
 Statements and Statutory Reports, and
 Discharge of Directors for Fiscal Year
 Ended Jan. 31, 2010
3 Approve Allocation of Income and For For Management
 Dividends
4.1 Re-elect Amancio Ortega Gaona as For For Management
 Director
4.2 Re-elect Pablo Isla Alvarez de Tejera For For Management
 as Director
4.3 Re-elect Juan Manuel Urgoiti as For For Management
 Director
5.1 Elect Nils Smedegaard Andersen as For For Management
 Director
5.2 Elect Emilio Saracho Rodriguez de For For Management
 Torres as Director
6 Amend Articles 12, 21, 31 and 32 of For For Management
 Company Bylaws Re: Preemptive Rights,
 Constitution of General Meeting, Audit
 and Contol Committee, and Nomination
 and Remuneration Committee
7 Amend Article 15 of General Meeting For For Management
 Regulations
8 Re-elect Auditors For For Management
9 Authorize Repurchase of Shares For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends
3 Elect Board of Directors and Fiscal For For Management
 Council
4 Approve Remuneration of Executive For Abstain Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Article 5 to Reflect Changes in For For Management
 Capital
2 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
3 Approve Allocation of Income and For For Management
 Dividends
4 Elect Fiscal Council Members and For For Management
 Approve Their Remuneration
5 Approve Remuneration of Executive For For Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for FY 2010
2 Approve Allocation of Income and For For Management
 Dividends of EUR 0.49 Per Share
3 Approve Discharge of Directors for FY For For Management
 2010
4 Re-elect Deloitte SL as Auditors of For For Management
 Company and Consolidated Group
5 Authorize Share Repurchase For Against Management
6 Re-elect Baltasar Aymerich Corominas as For For Management
 Director
7 Amend Several Articles of Bylaws to For For Management
 Comply with Spanish Corporate
 Enterprises Act and Attribute Duties
 with Respect to OHL Group's CSR Policy
 to Audit and Compliance Committee
8 Amend Article 4 of Bylaws Re: Corporate For For Management
 Purpose
9 Amend Several Articles of General For For Management
 Meeting Regulations
10 Receive Changes to Board of Directors' None None Management
 Guidelines
11 Approve Remuneration Policy Report For Against Management
12 Accept Report on Issuance of Bonds or None None Management
 Debentures
13 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
14 Approve Minutes of Meeting For For Management

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Designate Newspapers to Publish Company For For Management
 Announcements
3 Approve Allocation of Income and For For Management
 Dividends
4 Elect Directors For For Management
5 Approve Remuneration of Executive For Abstain Management
 Officers, Non-Executive Directors
6 Elect Fiscal Council Members and Their For For Management
 Alternates

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Stock Split For Did Not Vote Management
2 Amend Articles to Reflect Changes in For Did Not Vote Management
 Capital
3 Authorize Board to Ratify and Execute For Did Not Vote Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Agreement to Absorb Marlim For For Management
 Participacoes S.A.
2 Approve Agreement to Absorb Nova Marlim For For Management
 Participacoes S.A.
3 Appoint KPMG Auditores Independentes to For For Management
 Appraise Proposed Merger
4 Approve Appraisal of Proposed Merger For For Management
5 Approve Absorption of Marlim For For Management
 Participacoes S.A. and Nova Marlim
 Participacoes S.A.

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Agreement to Absorb Comperj For For Management
 Petroquimicos Basicos SA
2 Approve Agreement to Absorb Comperj PET For For Management
 SA
3 Appoint Independent Firm to Appraise For For Management
 Proposed Mergers
4 Approve Independent Firm's Appraisal For For Management
5 Approve Absorption of Comperj For For Management
 Petroquimicos Basicos SA and Comperj
 PET SA
6 Amend Articles to Reflect Changes in For For Management
 Capital
7 Amend Article 4 to Eliminate Authorized For For Management
 Capital Limit
8 Amend Article 4 to Specify that Share For For Management
 Issuances Will be Submitted to
 Shareholder Meetings
9 Renumber Articles For For Management
10 Renumber Articles For For Management
11 Amend Articles For For Management
12 Amend Articles For For Management
13 Amend Articles For For Management

Ticker: PETR4 Security ID: P78331132
Meeting Date: APR 04, 2011 Meeting Type: Special
Record Date:

# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Article 20 For For Management
2.1 Approve Agreement to Absorb Companhia For For Management
 Mexilhao do Brasil
2.2 Appoint KPMG to Appraise Proposed For For Management
 Absorption
2.3 Approve KPMG's Appraisal For For Management
2.4 Approve Absorption of Companhia For For Management
 Mexilhao do Brasil

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Capital Budget for Upcoming For For Management
 Fiscal Year
3 Approve Allocation of Income and For For Management
 Dividends
4 Elect Directors For Abstain Management
5 Elect Board Chairman For For Management
6 Elect Fiscal Council Members For For Management
7 Approve Remuneration of Executive For For Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports, Allocation of Income, and
 Discharge of Directors for FY 2010
2 Approve Dividends For For Management
3.1 Reelect Pedro Guerrero Guerrero as For For Management
 Director
3.2 Reelect Eugenio Ruiz-Galvez Priego as For For Management
 Director
4.1 Amend Article 2 Re: Corporate Purpose For For Management
4.2 Amend Caption of Title II and Article 6 For For Management
 Re: Regulation on Subscriptions
4.3 Amend Articles 9, 10, and 12 to Adapt For For Management
 to Provisions of and Change to
 Reference to Spanish Corporate
 Enterprises Act Re: Equity-Related
4.4 Amend Articles 14, 15, 17, and 18 Re: For For Management
 General Meeting
4.5 Amend Articles 21, 27, and 28 to Adapt For For Management
 to Revised Legislations Re:
 Board-Related
4.6 Amend Articles 29 and 36 (New Article For For Management
 34), and Delete Articles 34 and 35 Re:
 Annual Accounts, Dissolution and
 Liquidation, Debt Issuance,
 Transformation, Merger, and Spin-Off
5 Delete Preamble and Amend Several For For Management
 Articles of General Meeting Regulations
6 Approve Merger by Absorption of For For Management
 Prosegur Transportes de Valores SA,
 Prosegur Servicio Tecnico SL, Prosegur
 Tecnologia SL, and Prosegur Activa
 Espana SL by Company; Approve Merger
 Balance Sheet and Tax Consolidation
7 Authorize Repurchase of Shares For For Management
8 Authorize Increase in Capital via For For Management
 Issuance of Equity or Equity-Linked
 Securities without Preemptive Rights
9 Authorize Issuance of Securities For For Management
 Including Debentures, Bonds, and
 Warrants Exchangeable and/or
 Convertible to Shares; Authorize
 Exclusion of Preemptive Rights
10 Authorize Issuance of Fixed Income For For Management
 Securities Including Bonds, Debentures,
 Notes, and Preferred Shares
11 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions
12 Advisory Vote on Remuneration Policy For For Management
 Report

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Stock Option Plan For For Management
2 Approve Change in Address of For For Management
 Headquarters and Amend Article 2
 Accordingly
3 Approve Remuneration of Executive For For Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports, and Allocation of Income for
 Fiscal Year Ended Dec. 31, 2010
2 Approve Discharge of Directors for For For Management
 Fiscal Year 2010
3 Reelect Deloitte SL as Auditor For For Management
4 Amend Articles 9, 11, 19, 24, 27, 29, For For Management
 32, 39, 44, 50, and 56 of Company
 Bylaws; Amend Articles 3, 5, 8, 13, 14,
 and 15 of General Meeting Regulations
5 Amend Article 52 of Company Bylaws Re: For For Management
 Allocation of Income
6 Amend Articles 40 and 35 of Company For For Management
 Bylaws Re: Chairman and Vice-Chairman,
 and Board of Directors' Meeting
7 Reelect Antonio Brufau Niubo as For For Management
 Director
8 Reelect Luis Fernando del Rivero For For Management
 Asensio as Director
9 Reelect Juan Abello Gallo as Director For For Management
10 Reelect Luis Carlos Croissier Batista For For Management
 as Director
11 Reelect Angel Durandez Adeva as For For Management
 Director
12 Reelect Jose Manuel Loureda Mantinan as For For Management
 Director
13 Elect Mario Fernandez Pelaz as Director For For Management
14 Approve Share Matching Plan For For Management
15 Approve Payment to Executives and Other For For Management
 Employees of the Group of Compensation
 Owed to Them in the Form of Stock in
 Lieu of Cash
16 Authorize EUR 3 Billion Issuance of For For Management
 Convertibles including Warrants without
 Preemptive Rights and EUR 4 Billion
 Issuance of Convertibles including
 Warrants with Preemptive Rights; Void
 Unused Part of Authorization Granted at
 the AGM Held on June 16, 2006
17 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for FY 2010
2 Approve Allocation of Income for FY For For Management
 2010
3 Approve Discharge of Directors for FY For For Management
 2010
4 Ratify Appointment of Luis Maria Diaz For For Management
 de Bustamante y Terminel as Director
5 Authorize Increase in Capital up to EUR For For Management
 18.48 Million Without Preemptive
 Rights; Void Authorization Granted at
 2010 AGM
6 Authorize Issuance of Non-Convertible For For Management
 and Convertible Debt Securities Without
 Preemptive Rights; Void Authorization
 Granted at 2010 AGM
7 Authorize Repurchase of Shares; Void For For Management
 Unused Authorization Granted at 2010
 AGM
8 Amend Article 1 of Bylaws Re: Company For For Management
 Name
9 Approve Remuneration Report For Against Management
10 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual Financial Statements For For Management
 and Statutory Reports for FY 2010
2 Accept Consolidated Financial For For Management
 Statements and Statutory Reports for FY
 2010
3 Approve Allocation of Income and For For Management
 Dividends
4 Approve Discharge of Directors For For Management
5 Elect PriceWaterhouseCoopers Auditores For For Management
 SL as Auditors of Company and
 Consolidated Group
6 Elect, Reelect, and/or Dismiss For Against Management
 Directors
7 Amend Several Articles of Bylaws to For For Management
 Adapt to Spanish Corporate Enterprises
 Act
8 Amend General Meeting Regulations For For Management
9 Receive Changes to Board of Directors' For For Management
 Guidelines
10 Authorize Repurchase of Shares; Void For For Management
 Previous Authorization
11 Authorize the Board to Establish and For For Management
 Fund Associations or Foundations
12 Fix Maximum Annual Remuneration of For For Management
 Board of Directors at EUR 3 Million
13 Advisory Vote on Remuneration Policy For Against Management
 Report
14 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Capital Budget for Upcoming For For Management
 Fiscal Year
3 Approve Allocation of Income and For Against Management
 Dividends
4 Elect Fiscal Council Members and Their For For Management
 Alternates
5 Approve Remuneration of Executive For Against Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements, Statutory
 Reports, Allocation of Income, and
 Discharge Directors for FY 2010
2 Approve Dividend Distribution of EUR For For Management
 0.77 Per Share Charged to Unrestricted
 Reserves
3.1 Amend Several Articles of Bylaws to For For Management
 Adapt to Revised Legislations
3.2 Add New Paragraph 5 to Article 16 of For For Management
 Bylaws Re: General Meeting
3.3 Add New Article 26 bis to Bylaws Re: For For Management
 Board-Related
4.1 Amend Several Articles of General For For Management
 Meeting Regulations to Adapt to Revised
 Legislations
4.2 Amend Article 14.1 of General Meeting For For Management
 Regulations
5.1 Re-elect Isidro Faine Casas as Director For Against Management
5.2 Re-elect Vitalino Manuel Nafria Aznar For Against Management
 as Director
5.3 Re-elect Julio Linares Lopez as For Against Management
 Director
5.4 Re-elect David Arculus as Director For For Management
5.5 Re-elect Carlos Colomer Casellas as For For Management
 Director
5.6 Re-elect Peter Erskine as Director For Against Management
5.7 Re-elect Alfonso Ferrari Herrero as For For Management
 Director
5.8 Re-elect Antonio Massanell Lavilla as For Against Management
 Director
5.9 Elect Chang Xiaobing as Director For Against Management
6 Authorize Increase in Capital up to 50 For For Management
 Percent via Issuance of New Shares with
 Possibility of Total or Partial
 Exclusion of Preemptive Rights
7 Re-elect Ernst & Young SL as Auditors For For Management
 of Individual and Consolidated Accounts
8 Approve Long-Term Incentive Plan For For Management
 Consisting of Delivery of Company
 Shares to Executive Team Members of
 Telefonica Group
9 Approve Long-Term Incentive Restricted For For Management
 Plan Consisting of Delivery of Shares
 to Employees and Executive Personnel of
 Telefonica Group
10 Approve Share Matching Plan For For Management
11 Authorize Board to Ratify and Execute For For Management
 Approved Resolutions

# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
 Financial Statements and Statutory
 Reports for FY 2010, and Discharge of
 Directors
2 Approve Treatment of Net Loss For For Management
3 Approve Corporate Governance Report of For For Management
 Consolidated Group
4 Authorize Filing of Required For For Management
 Documents/Other Formalities

# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Article 16 Re: Change Length of For Against Management
 Term of Administrators
2 Consolidate Bylaws For Against Management
3 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
4 Approve Capital Budget for Upcoming For For Management
 Fiscal Year
5 Approve Allocation of Income For For Management
6 Elect Directors and Approve For For Management
 Remuneration
7 Re-Ratify Remuneration of Executive For Against Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members Approved at AGM
 on April 28, 2010
8 Elect Fiscal Council Members and For For Management
 Approve their Remuneration

# Proposal Mgt Rec Vote Cast Sponsor
1 Convert Preferred Shares into Common For For Management
 Shares
2 Confirm that Tag-Along Rights in For For Management
 Proposed Draft of Bylaws are Equivalent
 to Provisions in the March 22, 2000,
 Controlling Shareholders' Agreement.

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and For For Management
 Statutory Reports for Fiscal Year Ended
 Dec. 31, 2010
2 Approve Allocation of Income and For For Management
 Dividends and the Capital Budget for
 Fiscal 2011
3 Elect Directors For For Management
4 Elect Fiscal Council Members For For Management
5 Approve Remuneration of Executive For Abstain Management
 Officers, Non-Executive Directors, and
 Fiscal Council Members

# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Board of Directors Report For For Management
2 Accept CEO's Report For For Management
3 Accept Report of Audit and Corporate For For Management
 Governance Committees
4 Approve Financial Statements for Fiscal For For Management
 Year Ended Dec. 31, 2010
5 Present Report on the Share Repurchase For For Management
 Reserves
6 Approve to Cancel Company Treasury For For Management
 Shares
7 Amend Clause Five of Company Bylaws For For Management
8 Approve Allocation of Income for Fiscal For For Management
 Year Ended Dec. 31, 2010
9 Approve Dividend of MXN 0.38 Per Share For For Management
 and Extraordinary Dividend of MXN 0.17
 per Share
10 Accept Report on Adherence to Fiscal For For Management
 Obligations
11 Accept Report Re: Employee Stock For For Management
 Purchase Plan
12 Accept Report Re: Wal-Mart de Mexico For For Management
 Foundation
13 Ratify Board of Directors' Actions For For Management
 Between Fiscal Year Jan. 1 - Dec. 31,
 2010
14 Elect Board Members For For Management
15 Elect Audit and Corporate Governance For For Management
 Committee Chairs