HISPANIA ACTIVOS INMOBILIARIOS SOCIMI, S.A. NOTICE OF ORDINARY GENERAL SHAREHOLDERS' MEETING AGENDA

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1 All translated documents relating to the Annual Shareholder s Meetings have originally been issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. HISPANIA ACTIVOS INMOBILIARIOS SOCIMI, S.A. NOTICE OF ORDINARY GENERAL SHAREHOLDERS' MEETING The Board of Directors of Hispania Activos Inmobiliarios SOCIMI, S.A. (the Company) hereby calls the shareholders to the Ordinary General Meeting of the Company to be held in Madrid, at Hotel Villamagna, Paseo de la Castellana 22, on 4 April 2018, at 17:00, for its first session, and on 5 April 2018, in the same place and time, for its second session, in the event that it was not able to hold the first session as a result of not achieving the necessary legal quorum, in accordance with the following AGENDA ONE.- TWO.- Examination and approval, as applicable, of the (i) Company s individual annual statements for the fiscal year 2017 (comprising the satement of finacial position, profit and loss account, statement of changes in equity, statement of cash flows, and memorandum) andthe management report; and (ii) the Company's consolidated annual accounts for the fiscal year 2017 (comprising the consolidated statement of financial position, the consolidated statement of profit and loss, the consolidated statement of changes in equity, the consolidated statement of cash flows, and the consolidated explanatory notes), and the management report. Examination and approval of the proposed application of earnings relating to the fiscal year ending on 31 December, and application and distribution of the issue premium, as applicable Examination and approval, as applicable, of the proposed application of earnings relating to the fiscal year ending on 31 December Application of issue premium to compensate for Negative Earnings for Previous Years. 2.3 Extraordinary distribution of the issue premium up to the amount of up to 60,000,000 Euro. 2.4 Extraordinary distribution of the issue premium for a gross amount of up to 32,000,000 Euro. THREE.- FOUR.- Examination and approval, as applicable, of the management performed by the Board of Directors during the year Re-election of Board Members Re-election of Mr Rafael Miranda Robredo Re-election of Mr José Pedro Pérez-Llorca y Rodrigo Re-election of Mr Joaquín Ayuso García. Page 1

2 4.4.- Re-election of Mr Luis Alberto Mañas Antón Re-election of Ms. María Concepción Osácar Garaicoechea Re-election of Mr Fernando Gumuzio Iñiguez de Onzoño. FIVE.- Authorisation for the sale of the Company's portfolio of offices and subsequent extraordinary distribution of the issue premium Authorisation for the sale of the Company's portfolio of offices Extraordinary distribution of issue premium. SIX.- SEVEN.- EIGHT.- NINE.- TEN.- Authorisation for the pledge of assets by the Company for the purposes of article 160 f) of the Capital Companies Act. Authorisation to waive the exercise of the right of early termination due to a change of control of the Investment Manager provided for in the Management Agreement (Investment Manager Agreement) signed on 21 February 2014, among others, with Azora Gestión, S.G.I.I.C., S.A.U., in its current novated version. Information on the amendment of the Board of Directors Regulations. Approval of the reduction of the notice period for Extraordinary General Shareholders Meetings under the terms of Article 515 of the Capital Companies Act. Delegation of powers for the formalisation and execution of all agreements adopted by the Ordinary General Shareholders' Meeting, for their validation as public instruments, as well as for their interpretation, correction, supplementation, development and registration. ELEVEN.- Consultative vote on the Annual Report on Company Remuneration for the fiscal year Updates on the subject of corporate governance shall be reported during the meeting. SUPPLEMENT TO THE NOTICE AND SUBMISSION OF AGREEMENT PROPOSALS In accordance with the provisions of Article 519 of the Capital Companies Act, shareholders representing at least three percent (3%) of the company s share capital may request that a supplement to this notice be published, including one or more points on the Agenda, provided that the new points are accompanied by a justification or a proposal for a justified agreement, as applicable, as well as presenting substantiated proposals of agreement on matters already included or that should be included in the Agenda issued. The exercise of these rights must be made by means of reliable notification that is to be received at the registered office of the Company (Calle Serrano 30, 2º izquierda [left], Madrid) within five days following the publication of this notice.

3 The notice shall state the name or corporate name of the requesting shareholder or shareholders, and the number of shares they hold, as well as the content of the justification or, where appropriate, the proposal or proposals submitted by the shareholder including, where appropriate, whaterver documentation that is necessary or appropriate. RIGHT OF ATTENDANCE Thise who may attend the Company s Ordinary General Shareholders' Meeting are any Shareholders who hold at least 1,000 shares in the Company, either individually or in a group with other shareholders, and are registered in the relevant shareholders register at least five days prior to the date on which the Ordinary General Shareholders' Meeting is to be held, and who have the relevant Attendance Card issued by the company Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (Iberclear) or entities participating in these systems. The lack of a card may only be remedied by the relevant certificate of legitimacy that demonstrates compliance with attendance requirements. In the case of shareholders who are legal entities, a copy of the document accrediting the sufficient representative powers of the signatory must be attached. Likewise, it is stated that the Company may request such additional means of identification from shareholders as it deems appropriate to guarantee the identity of the parties involved, the authenticity of the vote or representation conferred, and, in general, the legal certainty of the proceedings of the Ordinary General Shareholders Meeting. In accordance with the provisions contained in Article 11 of the Regulations of the General Shareholders Meeting, it is stated that remote attendance at the Ordinary General Shareholders' Meeting by electronic or telematic means will not be possible. RIGHT OF REPRESENTATION In accordance with the provisions of Article 25 of the Articles of Association, notwithstanding the atttendance of any shareholders legal entities through which they have a legally designated proxy, any shareholder with the right to attend, in accordance with the foregoing, may be represented in the Ordinary General Shareholders' Meeting by another person, even when this is not a shareholder. The foregoing, without prejudice to the provisions of paragraph 3 of said Article 25 in relation to the possibility that shareholders who do not reach the minimum number of shares required to attend the Meeting, may delegate the representation of their shares to another shareholder with right of attendance, as well as to enter into a group with other shareholders until the minimum number of required shares is reached. The representation can always be revoked. As a general rule, the last action taken by the shareholder prior to the holding of the Meeting will be considered valid. In any case, personal attendance of the represented party at the Ordinary General Shareholders' Meeting shall lead to revocation of the representation. The right of representation must be conferred specifically for each Meeting and for all the shares held by the represented party, in writing or by the remote communication method established for this purpose, within the relevant timescale.

4 If the representation document does not indicate the specific person or persons to whom the shareholder confers their representation, it will be understood as being granted in favour of the Chairman of the General Shareholders' Meeting and, in the event of a conflict of interest of the latter, in favour of the Secretary of the General Shareholders' Meeting. Likewise, if the representation document does not include instructions for the exercise of voting rights or if there are any doubts as to the scope of the representation, it will be understood that the delegation refers to all the items on the Agenda, it pronounces in favour of all the proposals made by the Board of Directors in relation to the items included in the meeting Agenda, and extend to the rest of the points not foreseen in it but which can be dealt with in the General Meeting, regarding which the representative will exercise the vote in the sense that it understands most favourable to the interests of the represented party, within the framework of the corporate interest. Additionally, the exercise of the right of representation shall be governed by the provisions of the Capital Companies Act, the Bylaws and the General Shareholders' Meeting Regulations. REMOTE DELEGATION AND VOTING Shareholders may confer representation and perform voting through remote means of communication, prior to the date of the Ordinary General Shareholders' Meeting, in accordance with the provisions contained in Articles 25 and 26 of the Articles of Association and 10 and 21 of the General Shareholders' Meeting Regulations, and in the terms and conditions described on the Company's website ( The Company reserves the right to modify, suspend, cancel or restrict remote voting and delegation mechanisms when technical or security reasons require or impose it. The Company shall not be liable for damages that may result to the shareholder arising from breakdowns, overloads, fallen power lines, connection failures, malfunction of the postal service or any other event of the same or similar nature which hinders or prevents the use of remote voting and delegation mechanisms and is beyond the control of the Company. In accordance with the provisions of the aforementioned precepts, the Board of Directors has determined the rules applicable to remote delegation and voting prior to the General Meeting as follows: 1. VOTING USING REMOTE COMMUNICATION METHODS In accordance with the provisions of Article 26 of the Articles of Association and Article 21 of the Regulations of the General Shareholders' Meeting Regulations, the shareholders of the Company may cast their vote on the proposals related to the matters included in the Agenda of the General Shareholders' Meeting via of remote communication media, prior to the date of the Meeting, 1.1 Methods for casting a vote via of remote communication media The valid means of communication to cast votes remotely are as follows:

5 (a) Postal delivery or correspondence For the remote vote by postal mail, the shareholders must complete and sign the Remote Vote section of the Remote Attendance, Delegation, and Voting Card issued in hard copy by the participating entity in IBERCLEAR in which they have deposited their shares. Once the section of the Attendance, Delegation and Remote Voting Card corresponding to "Remote Vote is completed and signed with self-signed signature the shareholder may send it: (i) By delivery, postal mail or equivalent courier service to the address: Hispania Activos Inmobiliarios SOCIMI, S.A., (General Shareholders' Meeting), Calle Serrano, 30, 2º izquierda [left], Madrid. (ii) By delivery to the participating entity in IBERCLEAR in which they have deposited their shares. In the event that the Remote Attendance, Delegation, and Voting Card issued by the participant in IBERCLEAR does not include the section dedicated to Remote Voting or is incomplete, the shareholder wishing to vote remotely by delivery or postal correspondence must download the Remote Attendance, Delegation, and Voting Card from the Company's website ( and print it, filling it out and signing it along with the attendance card issued by the participating entity in IBERCLEAR. Once it are completed and signed with hand-written signature the shareholder may send them: (i) By delivery, postal mail or equivalent courier service to the address: Hispania Activos Inmobiliarios SOCIMI, S.A., (General Shareholders' Meeting), Calle Serrano, 30, 2º izquierda [left], Madrid. (i) By delivery to the participating entity in IBERCLEAR in which they have deposited their shares. (b) Electronic communication In order to cast a remote vote via electronic communication with the Company, shareholders of HISPANIA ACTIVOS INMOBILIARIOS SOCIMI, S.A., must do this through the Company website ( accessing the space dedicated to the 2018 General Shareholders Meeting, in the Electronic Voting and Voting Delegation section, following the procedure established therein. In accordance with the provisions contained in the Articles of Association and the General Shareholders' Meeting Regulations, the mechanism for voting by electronic means must have all guarantees necessary to ensure the authenticity and identification of the shareholder exercising the right to the vote To this end, the shareholder voting remotely by electronic communication with the Company must have a recognised or advanced electronic signature, based on a recognised and current electronic certificate, in the terms set forth in Law 59/2003 of 19 December on electronic signatures, issued by the Spanish Public Certification Authority (CERES), a branch of the National Currency and Stamp Factory and Royal Mint (FNMT- RCM), or a National Electronic Identity Document (DNIe).

6 Prior to the deadline for the casting of the vote, the shareholder may, through the Company s website, consult or revoke their electronic vote cast in advance, following the instructions specified in this regard at the aforementioned website. 1.2 Specific rules for casting a vote via remote communication media Any vote cast via remote communication media as covered in the previous paragraph shall only be considered valid when it has been received by the Company at least twenty-four hours prior to the date set for the first session of the General Shareholders' Meeting. Otherwise, the vote will not be considered valid. Any shareholder who casts their vote by postal correspondence or electronic communication and does not mark any or all of the boxes designed to indicate the vote about the items on the Agenda will be understood as wishing to vote in favour of the respective proposals made by the Board of Directors. Shareholders who cast their vote remotely in the terms indicated above will be considered as present for the purpose of constituting the quorum of the Company s General Shareholders' Meeting. Regarding the vote by remote means of communication and in relation to the proposals of agreement not formulated by the Board of Directors, or on points not included in the meeting Agenda, it will be understood, unless indicated otherwise, that representation is granted to the Chairman of the General Meeting or, in case of conflict of interest of the latter, to the Secretary of the General Shareholders' Meeting, who will vote in the sense that they understand as being most favourable to the interests of the shareholder, within the framework of the corporate interest. 2. DELEGATION USING REMOTE COMMUNICATION METHODS In accordance with the provisions contained in Article 25 of the Articles of Association and Article 10 of the General Shareholders Meeting Regulations, the Company shareholders entitled to attend may grant rights of representation to the General Shareholders' Meeting via remote communication media prior to the meeting itself, provided that the representation granted, the identity of the representative and the represented party, and the security of electronic communications are all adequately guaranteed. 2.1 Methods for granting rights of representation Valid remote communication methods for granting rights of representation are as follows: (a) Postal delivery or correspondence For the granting of rights of representation, shareholders must complete and sign with hand-written signature the relevant section of the Remote Attendance, Delegation, and Voting Card issued in hard copy by the participating entity in IBERCLEAR in which they have deposited their shares. The shareholders may send the Remote Attendance, Delegation, and Voting Card, duly filled out and signed:

7 (i) By delivery, postal mail or equivalent courier service to the address: Hispania Activos Inmobiliarios SOCIMI, S.A., (General Shareholders' Meeting), Calle Serrano, 30, 2º izquierda [left], Madrid. (ii) By delivery to the participating entity in IBERCLEAR in which they have deposited their shares. In the event that the Remote Attendance, Delegation, and Voting Card issued by the participant in IBERCLEAR does not include the section dedicated to Delegation or is incomplete, the shareholder wishing to grant rights of representation remotely by delivery or postal correspondence must download the Remote Attendance, Delegation, and Voting Card from the Company's website ( and print it, filling it out and signing it along with the section titled Delegation of the Remote Attendance, Delegation, and Voting Card issued by the participating entity in IBERCLEAR. Once it is completed and signed with hand-wrtten signature the shareholder may send it via the methods and with the addressed indicated in subsections (i) and (ii) of the previous paragraph. The right of representation must be accepted by the representative; otherwise, it shall not be considered valid. To do this, the Remote Attendance, Delegation, and Voting Card must be signed in the space provided for this purpose in the "Delegation" section. The representative may only exercise the vote of the party they represent by attending the Meeting physically and in person, for which, and in order for the Company to verify the delegation conferred, the representatives must identify themselves by means of their National Identity Document or Passport when entering the venue where the Meeting is held, including, as applicable, a copy of the relevant delegation. (b) Electronic communication In order to confer rights of representation via electronic communication to the Company, shareholders of Hispania Activos Inmobiliarios SOCIMI, S.A., must do this through the Company website ( accessing the space dedicated to the 2018 General Shareholders Meeting, in the Electronic Voting and Voting Delegation section, following the procedure established therein. In accordance with the provisions of the Articles of Association and the Regulations of the General Shareholders' Meeting, the mechanism for conferring delegation by electronic means must have the necessary guarantees to ensure the authenticity of the rights of representation granted and the identification of the representative and represented party. To this end, the shareholder granting delegation by electronic communication to the Company must have a recognised or advanced electronic signature, based on a recognised and current electronic certificate, in the terms set forth in Law 59/2003 of 19 December on electronic signatures, issued by the Spanish Public Certification Authority (CERES), a branch of the National Currency and Stamp Factory and Royal Mint (FNMT-RCM), or a National Electronic Identity Document (DNIe). The shareholder granting their representation by electronic means is obliged to inform the designated representative of the representation conferred. When the right of representation is granted to the Chairman of the General Meeting, to any Director, or to the Secretary of the Board of Directors of Hispania Activos Inmobiliarios SOCIMI, S.A., this communication

8 shall be deemed to have been made upon receipt by the Company of said electronic right of representation. The right of representation must be accepted by the representative; otherwise, it shall not be considered valid. To this end, all electronic delegations made in favour of persons other than the Chairman of the Board of Directors, a Director, or the Secretary of the Board of Directors, must be printed, signed and presented, along with an identification document, by the representatives designated when entering the venue where the Ordinary General Shareholders' Meeting is held, including a copy of the relevant delegation, as applicable, so that the Company is able to verify the delegation conferred. The representative can only exercise the vote of their represented party by attending the Meeting physically and in person. Prior to the deadline for the granting of rights of representation, the shareholder may, through the website of the Company, consult or revoke any rights of representation granted in advance, following the instructions specified in this regard at the aforementioned website. 2.2 Rules for granting of rights of representation via remote communication media For their validity and in accordance with the provisions of the General Shareholders' Meeting Regulations, any representations conferred via remote communication media must be received by the Company at least twenty-four hours prior to the date set for the first session of the General Meeting. Otherwise, the representation will be deemed as not having been conferred. When the right of representation has been validly conferred in accordance with the provisions of these rules on remote delegation, the number of shares represented will be calculated for the valid constitution of the Meeting. In the event that instructions have been issued by the represented shareholder, the representative will cast the vote in accordance with them, and will be obliged to retain said instructions for one year from the date of the Meeting. The representative may have rights of representation for more than one shareholder, without limitation of number of shareholders represented. When a representative holds right of representation for several shareholders, he / she may cast differing votes according to the instructions given by each shareholder. The documents that include the rights of representation for the General Shareholders' Meeting must include, at least, the following details:

9 (i) Date of the General Shareholders' Meeting and the Agenda. (ii) Identity of the represented party and the representative. If not specified, it will be understood that the right of representation has been granted in favour of the Chairman of the General Shareholders' Meeting, notwithstanding what is indicated below in the case of conflict of interests. (iii) Number of shares held by the shareholder granting the right of representation. (iv) Voting instructions from the shareholder granting rights of representation with regard to each of the items on the Agenda. The Chairman of the General Shareholders Meeting or the persons designated by their acts shall be deemed empowered to determine the validity of the rights of representation conferred and compliance with the requirements for attendance at the General Shareholders' Meeting. If the representation had been validly granted in accordance with the Law and the General Meeting Regulations, but the instructions for the exercise of the vote were not included in it, or doubts were raised about the recipient or the scope of the representation, it will be understood, except indication to the contrary, that (i) the delegation is made to the Chairman of the General Shareholders Meeting, and, in case of conflict of interest thereof, to the Secretary of the General Shareholders' Meeting; (ii) it refers to all the proposals that make up the Agenda of the General Meeting; (iii) it is in favour of all the proposals made by the Board of Directors in relation to the items included in the Agenda; and (iv) it also extends to the points not included in the Agenda and in relation to the proposals for agreement not formulated by the Company Board of Directors, in respect of which the representative will exercise the vote in the sense that it understands to be most favourable to the interests of the represented party, within the framework of the corporate interest. The power of representation is understood to exist notwithstanding provisions of the Law for cases of family representation and the granting of general powers of attorney. Before their appointment, the representative must inform the shareholder in detail of whether there is a conflict of interest situation. If the conflict existed subsequent to the appointment and the represented shareholder had not been warned of its possible existence, it must be reported immediately. In both cases, if no new clear voting instructions have been received for each of the matters on which the representative has to vote on behalf of the shareholder, they must abstain from casting a vote. For the purposes of the provisions of Articles 523 and 526 of the Capital Companies Act (Capital Companies Act), it is reported that the Chairman of the Board of Directors and any other member of the Board of Directors (except for Mr Benjamin Barnett) (i) are in a situation of conflict of interest with respect to item four on the Agenda; (ii) may be in a situation of conflict of interest with respect to the third and eleventh items on the Agenda; and (iii) they would be in a situation of conflict of interest in the points set out in sections b), c) or d) of Article of the Capital Companies Act (dismissal, severance or removal of directors, exercise of corporate liability, and approval or ratification of Company transactions with the director in question) that could be presented outside the Agenda in accordance with the Law.

10 In relation to all of the above, if the represented party had not provided precise voting instructions, the right of representation, unless expressly indicated otherwise, shall be understood as being conferred upon the Secretary of the General Shareholders' Meeting. 3. RULES OF PREFERENCE AND OTHER PROVISIONS 3.1 Rules of preference between delegation, remote voting and presence at the Meeting Priorities between delegation, remote voting and physical attendance Personal attendance at the Ordinary General Shareholders' Meeting by a shareholder who has previously delegated or voted remotely will render such delegation or vote null and void, regardless of the means used to cast it. Likewise, a valid and personally cast vote by the shareholder via any remote communication media indicated in section I above, will render ineffective any delegation made either electronically or by submission or mailing of the paper form of the section corresponding to Delegation of the printed Remote Attendance, Delegation, and Voting Card, either prior to it, in which case it will be deemed revoked, or subsequent to it, in which case it will be deemed not to have been made Priorities according to the remote means used In the event that a shareholder validly performs electronic delegation, on the one hand, and by means of a printed card, on the other, the latter shall prevail, regardless of their respective dates. Likewise, any vote validly cast with the handwritten signature on the printed card will render any vote made by electronic means, either earlier or subsequently, invalid Priorities between delegations and votes cast by hand delivery or postal correspondence In the event that a shareholder validly makes several delegations or validly issues several votes by delivery or postal correspondence, the last delegation or the last vote, respectively, received by the Company shall prevail Priorities between delegations and votes cast by electronic means In the event that electronic means is used, only one electronic activation will be allowed for each type of transaction (one vote and one delegation). Once the electronic delegation has been made or electronic vote cast, it may be revoked, but not amended, through the website. It can only be amended by personal attendance at the shareholders meeting by shareholder that made/cast it, or by submission of the Remote Attendance, Delegation, and Voting Card by postal correspondence or equivalent means or submission of the printed card within the established deadline.

11 3.2 Other provisions Both the right of representation and the remote casting of a vote will be rendered ineffective by any divestiture of shares of which the Company becomes aware. Any of the co-holders of a share deposit may vote, delegate or attend meetings, and the priority rules established in this section shall apply. For the purposes of Article 126 of the Capital Companies Act, it is presumed that a co-holder who at any time takes action as regards delegation, voting or personal attendance is deemed designated by the remaining coholders to exercise the shareholder rights. The electronic document that the shareholder completes through the Company's website, duly authorised with their recognized electronic signature, will be deemed, for the purpose of complying with the provisions of the General Shareholders' Meeting Regulations and the Articles of Association regarding the delegation of the representation and the casting of the vote by electronic means, to be a copy in unalterable electronic format of the Remote Attendance, Delegation, and Voting Card. Any shareholder who casts their vote by postal correspondence or electronic communication and does not mark any or all of the boxes designed to indicate the vote about the points on the Agenda will be understood as wishing to vote in favour of the respective proposals made by the Board of Directors. Likewise, any shareholder who confers representation by postal correspondence or electronic communication and does not mark any or all of the boxes designed to provide voting instructions about the points on the Agenda will be understood as wishing to vote in favour of the respective proposals made by the Board of Directors. Likewise, the validity of the representation granted and of the vote cast by remote communication is subject to verification of the shareholder status, with the file provided by the company Sociedad de Gestion de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (IBERCLEAR) In case of divergence between the number of shares communicated by the shareholder conferring representation or casting their vote via remote communication media and that recorded in the shareholders register communicated by IBERCLEAR, the number of shares provided by the latter entity will be considered valid for the purposes of quorum and voting, unless proven otherwise. The Company will make the forms that must be used for representation and remote voting available to the shareholders on its website. In the event of technical problems accessing these, shareholders may contact the address junta@hispania.es. It is the sole responsibility of shareholders to keep possession of their electronic signature in order to vote or confer representation electronically. The Company reserves the right to modify, suspend, cancel or restrict remote voting and delegation mechanisms when technical or security reasons require or impose it. Likewise, the Company reserves the right to request any additional means of identification it deems appropriate from shareholders to guarantee the identity of the parties involved, the

12 authenticity of the vote or representation conferred and, in general, the legal certainty of the proceedings of the Ordinary General Meeting of Shareholders. The Company will not be liable for any harm or prejudice that may be caused to the shareholder arising from breakdowns, overloads, downed lines, connection failures, malfunction of the postal service, or any other event of the same or similar nature that are beyond the control of the Company and which hinder or prevent the use of remote voting and delegation mechanisms. The computer applications for the exercise of the vote and delegation via electronic means will be closed 24 hours before the date of the first session of the General Shareholders' Meeting. 3.3 Special rules Legal entities that are shareholders and non-residents in Spain should contact the Investor Relations telephone number (+34) to examine the possibility of adapting, with due guarantees, the remote voting and representation mechanisms to their particular needs, as applicable. Likewise, if the shareholder is a legal entity, it must inform the Company of any modification or revocation in the powers held by its representative and, as a result of this, the Company rejects any liability until after such notification occurs. RIGHT TO INFORMATION Any shareholder of the Company shall have the right to examine at the registered office of the Company (Calle Serrano 30, 2º izquierda, Madrid) and to request delivery or immediate and free dispatch, when the notice of the General Meeting is issued, of the (i) the annual accounts and management reports, individual and consolidated, of Hispania Activos Inmobiliarios SOCIMI, SA (and its subsidiaries) for the year ending 31 December 2017, as well as the relevant audit report and the directors' declaration of liability in relation to said annual accounts referred to in Article 118 of the Securities Market Law; and (ii) the full text of the proposed resolutions; and any remaining documentation that, at the time of holding this General Meeting, is required to be made available to shareholders at the registered office and/or have sent to them immediately and free of charge if required. All of the aforementioned documents may be consulted and downloaded at the Company's website (

13 Likewise, and in accordance with the provisions contained in Article 7.1 of the General Shareholders' Meeting Regulations, the shareholders may also examine, at the registered office, the full text of the remaining documents (including the reports and proposals of the Board of Directors and the Appointments and Remuneration Committee regarding the reelection of the directors ex Article 529 decies of the Capital Companies Act, the justified proposal of the Company s Appointments and Remuneration Committee in relation to the amendment to the Board of Directors Regulations, the report of the Board of Directors in relation to the seventh item on the Agenda, the Annual Corporate Governance Report for the year ending 31 December, 2017, and the Annual Report on Remuneration of Directors for the year 2017). Additionally, and by virtue of the provisions contained in Articles 197 and 520 of the Capital Companies Act, from the publication of the meeting notice and up to the fifth day prior to the date planned for the first session of the Ordinary General Shareholders' Meeting inclusive, the shareholders may request any information or clarifications from the directors that they deem necessary regarding the matters included in the Agenda or formulate in writing questions they consider pertinent. In addition, shareholders may request the clarifications they deem necessary from the directors, in writing and within the same period, regarding the information accessible to the public that the Company has provided to the National Securities Market Commission since the time that the last General Meeting was held, and regarding the aforementioned auditor's reports on the accounts. In accordance with the provisions of Article 7 of the Company s General Shareholders Meeting Regulations, applications in exercise of the shareholders' right to information may be made by delivering the request at the registered office or by sending it to the Company at the address Calle Serrano 30, 2º izquierda [left], Madrid, or via addressed to junta@hispania.es. In this case and in order to provide the system with adequate guarantees of authenticity and identification of the shareholder exercising their right to information, they must include their name and surname (or company name) and the number of shares of which they are owner in the aforementioned . By virtue of the provisions contained in Article 539 of the Capital Companies Act, and unless the shareholder indicates otherwise, the information requests received at the aforementioned address may be answered by the Company by means of a reply to the address of the shareholder in question. The Board of Directors will provide the information requested in writing prior to the date of the Ordinary General Shareholders' Meeting. Likewise, during theordinary General Shareholders Meeting, shareholders may verbally request the information or clarifications they deem appropriate regarding the matters included in the Agenda and any clarifications they deem necessary regarding the information accessible to the public and which had been provided by the Company to the National Securities Market Commission since the last General Meeting, and regarding the auditor's reports, and, in the event that the right of the shareholder cannot be satisfied at that time, the Board of Directors will provide the requested information in writing within seven days following the termination of the Company's Ordinary General Shareholders' Meeting, except in cases where it is legally inadmissible, or where current legislation allows that such information not be provided.

14 DOCUMENTATION AVAILABLE ON THE COMPANY WEB SITE Notwithstanding the right to information referred to above, from the publication of the meeting notice and up to the date of the Company's Ordinary General Shareholders' Meeting, the Company will publish the following documents and information continuously on its website ( a. The meeting notice. b. The total number of shares and voting rights at the date of the notice. c. The annual accounts and management reports of Hispania Activos Inmobiliarios SOCIMI, S.A. (and its subsidiaries), both individual and consolidated, for the year ended 31 December 2017, and the directors' declarations of liability regarding their content, and the relevant audit reports. d. The full text of the proposals for agreement relating to all the items on the Agenda of the Ordinary General Shareholders' Meeting, as well as, (i) in relation to the fourth item on the Agenda, the justified reports and proposals of the Board of Directors and the Appointments and Remuneration Committee as regards director re-election proposals, which contain the identity, the curriculum vitae and the category to which they belong; (ii) in relation to the seventh item on the Agenda, the report prepared by the Board of Directors; and (iii) in relation to the eighth item on the Agenda, the justified proposal of the Appointments and Remuneration Committee as regards the amendment of the Board of Directors Regulations. e. The Annual Report on the Remuneration of Directors for the year 2017, which is submitted to a consultative vote under the eleventh item of the Agenda. f. The applicable rules for delegation and voting via remote communication media and the necessary documentation for such purpose. g. The Attendance, Delegation and Remote Vote Card. h. The rules of operation of the Electronic Shareholders Forum. i. The Annual Corporate Governance Report for the year j. The Articles of Assocation. k. The Regulations of the Board of Directors. l. The Regulations of the Board of Directors. m. Valid requests for information, clarifications or questions raised by the shareholders in exercise of their right to information, and the responses that may be provided by the directors.

15 SPECIAL INFORMATION FACILITY Pursuant to the provisions of Articles of the Capital Companies Act and 7.10 of the Regulations of the General Shareholders' Meeting, the Company has set up an Electronic Shareholders' Forum on its website, to coincide with the Ordinary General Shareholders' Meeting until it takes place. This can be accessed with applicable guarantees by the shareholders or voluntary groupings of duly constituted shareholders, in order to facilitate communication between them prior to the holding of the Ordinary General Meeting. The rules of operation and the form that must be completed to participate in said Forum are available on the Company's website ( PARTICIPATION OF NOTARY AT THE MEETING The Board of Directors has agreed to require the presence of a Notary to record the minutes of Company s Ordinary General Shareholders' Meeting, in accordance with the provisions of Article 203 of the Capital Companies Act in relation to Article 101 of the Regulations of the Compnaies Register and Article 24.2 of the General Shareholders' Meeting Regulations. DATA PROTECTION The personal data that the shareholders provide to the Company in the exercise of their attendance, delegation and voting rights on the occasion of the holding of the next Ordinary General Shareholders' Meeting, or that are provided by the entities in which said shareholders have deposited their shares, will be processed by the Company (and incorporated into a file of which the Company is responsible) for the purpose of managing the development and monitoring of the shareholder relationship, the convening, holding and dissemination of information about the general meeting, and to comply with any legal obligations it may have. This data will be provided to the Notary who will attend the Ordinary General Shareholders' Meeting, and may be provided to third parties in the exercise of the right to information provided by law or information accessible to the public insofar as they appear in the documentation available on the website or are presented at the Ordinary General Shareholders' Meeting. All rights of access, rectification, cancellation and opposition may be exercised by the owner of personal data, in accordance with the provisions contained in Organic Law 15/1999 of 13 December on the Protection of Personal Data, by means of written communication addressed to the registered office of the Company, calle Serrano 30, 2º izquierda [left], Madrid. If the personal attendance, delegation and remote voting card includes personal data referring to individuals other than the bearer, the shareholder must have the consent of the bearers for the transfer of personal data to the Company, and inform them of the details contained in the previous paragraphs, as well as comply with any other requirements that may be applicable for the correct transfer of personal data to the Company, without the Company being required to perform any additional action.

16 GENERAL INFORMATION The shareholder registration tables will be open from 15:00 on the day of the Meeting. Although two sessions are planned, it is expected to be able to gather the necessary attendance quorum during the first session so it is foreseeable that the Ordinary General Meeting will be held on the date of the first session, that is, on 4 April For the aspects relating to the Ordinary General Shareholders Meeting not covered in this notice, shareholders may consult the General Shareholders' Meeting Regulations that are available on the Company's website. ( All information and documentation for the Ordinary General Shareholders' Meeting is available to shareholders on the Company's website ( Likewise, to obtain more information regarding the exercise of their rights in relation to the Ordinary General Shareholders' Meeting, shareholders can send an to the address junta@hispania.es. Madrid, on 26 February Joaquín Hervada Yáñez. Chairman of the Board of Directors.