1. Contractual terms and remuneration of the Executive Chairman

Further to the amendment included in Act 31/2014, the Nomination and Remuneration Committee proposed in the meeting held on 16 March 2015 to submit to the Board of Directors the amendment of the contractual terms of the Executive Chairman for the purposes of adjusting them to the provisions of section 249, paragraphs 3 and 4, section, 529 quindecies paragraph 3 (g) and section 529 octodecies of the Companies Act.

Additionally, having assessed the achievement of the objectives for FY2014, the Remuneration committee submitted a motion to the Board of Directors on the determination of the annual variable remuneration of the Executive Chairman for FY2014.

Likewise, the Committeet tabled to the Board of Directors a motion on the determination of the pluri-annual variable remuneration accrued during FY2014 in the scope of the 2013-2016 Long-Term Performance Cash Plan. Additionally, the remuneration of the Executive Chairman for FY2015 was also considered by the Committee. .

The above referred motions were approved by the Board of Directors in the meeting held on 17 March 2015.

2. Preparation of the 2014 Annual Report on the Remuneration of Directors

Pursuant to the regulations then in force and the Recommendations of the CBG, and on the advice of external consultant Towers Watson, the Committee approved on 16 March 2015 the Annual Report on the Remuneration of Directors for FY2015.

Such report was tabled to the Board of Directors, who approved it on 17 March 2015, and sent it to CNMV as a relevant fact. It was subsequently submitted to the advisory say-on-pay vote of the Annual General Meeting last 14 July 2015 and approved with a total 98.39% votes for.

3. Basic terms and conditions of the contracts with Senior Executives, and their remuneration policy

Pursuant to the provisions of sections 249 and 249 bis h) of the Companies Act, as amended by Act 31/2014, the Board of Directors shall approve the basic terms and conditions of the contracts with Senior Executives. During the meeting held on 16 March 2015, the Nomination and Remuneration Committee gave a favourable report to the new standard forms of contracts with Senior Executives of Inditex, pursuant to the provisions of section 529 quindecies e) and g) of the Companies Act.

The Board of Directors approved the basic terms and conditions of the contracts with Senior Executives on 17 March 2015.

4. Long-Term Incentive Plan

The Remuneration Committee acknowledged the 2013-2016 Long-Term Performance Cash Plan in the meeting held on 16 March 2015.

5. Extraordinary plan for employees participating in the economic benefits of the Inditex Group

In the meeting held on 16 March 2016, the Committee gave a favourable report to the goals, terms and, generally, the set of regulations of the Extraordinary Plan for Employees Participating in the Economic Benefits of the Inditex Group and resolved to submit it to the Board of Directors, which approved such Plan on 17 March 2015.