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1.2 CEPSA IN NUMBERS

Results (Millions of euros) 2017 2016 2015 Revenue 18,212 15,455 17,452 Adjusted EBITDA1 1,874 1,549 1,766 Adjusted net attributable profit 884 553 596 Net attributable profit (IFRS2) 743 602 -1,040

Financial data (Millions of euros) 2017 2016 2015 Share capital 268 268 268 Equity attributable to the Parent Company 4,916 4,572 4,306 Net financial debt 1,722 2,109 2,923 Investments during the year 888 572 1,052 Investment in social actions 4.5 4.5 5.2 Dividends distributed by Cepsa 332 332 327

Operational data 2017 2016 2015 Crude oil output (working interest) (barrels/day) 92,114 96,778 108,122 Crude oil sales (barrels/day) 37,089 46,458 48,362 Crude oil distilled (barrels/day) 423,906 433,784 433,699 Product sales (Millions of tonnes) 28.9 27.2 27.2 Electricity output (GWh) 2,808.6 2,140.2 2,040.3 Natural gas sales (GWh) 27,972 28,409 30,083

Markets and business data 2017 2016 2015 Brent crude oil price ($/barrel) 54.3 43.7 52.5 Cracking refining margin ($/barrel) 6.8 5.7 7.7 Hydroskimming refining margin ($/barrel) 2.2 0.6 0.9 Electricity pool price ( /MWh) 52.2 39.6 50.3 Natural gas price (Henry Hub Spot /MWh) 9.15 7.63 8.02 Exchange rate ( /$) 1.130 1.107 1.110 Three-month Euribor (%) -0.329 -0.291 -0.02 CPI (%) 1.1 1.6 0.0

Other performance figures 2017 2016 2015 Number of employees 9,837 9,823 10,512 Female workers (%) 36 35 34 Employees with permanent contract (%) 91 92 91 Hours of training3 208,562 237,728 372,812 Number of occupational accidents resulting in leave4 25 34 57 Absenteeism rates due to common illness2 (%) 2.32 2.23 2.38 Local contracting5 (%) 50 55 53 GHG emissions6 (Scope 1 y 2) (thousands of tCO2eq) 6,886 6,698 7,242 Total energy consumed6 (thousands of GJ) 92,272 87,974 91,485 Water collected volume6 (thousands of m3) 50,241 33,794 36,910 Volume of waste water6 (thousands of m3) 41,663 19,166 15,455 Raw materials consumption6 (thousands of tonnes) 35,400 28.548 28.550 Total waste managed6 (tonnes) 62,641 51,476 66,234

1 Numbers include Corporation: -50, -62.4 and -72 for 2017, 2016 and 2015 respectively. 2 International Financial Reporting Standards. 3 Spain employees. 4 Accidents resulting in temporary or permanent leave or death. Cepsa staff only. 5 For Spain only. 6 Data for 2015 and 2016 have been revised due to criteria changes and recalculations.

2017 ANNUAL AND CORPORATE RESPONSIBILITY REPORT