Introduction

The Audit Commission was created by the Board of Directors of Abengoa, S.A. on December 2, 2002 in accordance with art. 44 of the Bylaws with a view to incorporating the provisions of Act 44/2002 on Reform Measures of the Financial System (Ley 44/2002) relating to Audit Commissions. Abengoa also has a corporate governance system in place that remains compliant at all times with applicable law and best practices.

The Audit Commission Activity Report for the year 2014 has been approved at the meeting held by the Audit Commission on February 9, 2015, and presented to the Board of Directors on February 23, 2015. It will then be made available to the company’s shareholders on occasion of the publication of Abengoa’s annual report and, at the latest, by the time the General Shareholders Meeting is announced.