Common use of Variable Fees Clause in Contracts

Variable Fees. The variable fees shall be payable by the Contracting Party on a monthly basis and shall depend on the number of Access ID Codes and Per Quote Individual Requests ("quotes") with access to Real-Time Data. Corresponding Variable Fee for Internal Users of the Contracting Party’s Group will apply as from January 1st, 2015. DATA FEES (monthly) € (VAT ex.) CONTENTS Fee per Device Fee per User Discounted Fee per Device (Non-Professional Investor) (4) Per Quote Equities of the Interconnection Trading System, ETFs, Latibex, BME Growth and Electronic Outcry Trading. SIB FOB 75.00 90.00 - - SIB N2+ 59.00 71.00 - - SIB N10P 54.00 65.00 16.00 - SIB N2 53.00 63.75 15.00 - SIB N1+ 30.00 36.00 3.50 0.01 SIB N1 3.50 4.25 - 0.01 SIB X0- - - - - Xxxxxxxxxx Xxxxxx Xxxxxxx XXX X0+ 1.00 1.25 - 0.01 Warrants, Certificates and Other Products WRR N2 3.00 3.75 - - Latibex LAT N2+ 2.50 3.00 - 0.01 Derivatives (MEFF) MEFF FOB 25.00 30.00 - - MEFF N2 22.00 26.50 3.00 - MEFF N1 14.00 17.00 2.00 - MEFF LP 1.75 2.25 - - MEFF DOR - - 1.00 - Fixed Income BME RF N2 45.00 54.00 10.00 - BME RF LP 30.00 36.00 6.00 - RF MO Retail 10.00 12.00 2.00 - SEND N2 10.00 12.00 2.50 - XXXX X0 5.00 6.00 1.25 - SENAF N2 17.50 21.00 3.00 - MARF N2 5.00 6.00 1.25 - SEND LP 6.00 7.25 1.50 - MERF LP 3.00 3.75 1.00 - SENAF LP 10.00 12.00 2.00 - AIAF LP 17.50 21.00 3.00 - MARF LP 3.00 3.75 1.00 -

Variable Fees. The variable fees shall be payable by the Contracting Party on a monthly basis and shall depend on the number of Access ID Codes and Per Quote Individual Requests ("quotes") with access to Real-Time Data. Corresponding Variable Fee for Internal Users of the Contracting Party’s Group will apply as from January 1st, 2015. DATA FEES (monthly) € (VAT ex.) CONTENTS Fee per Device Fee per User Discounted Fee per Device (Non-Professional Investor) (4) Per Quote Equities of the Interconnection Trading System, ETFs, Latibex, BME Growth and Electronic Outcry Trading. SIB FOB (*) 75.00 90.00 - - SIB TF 60.00 72.00 - - SIB N2+ 59.00 71.00 - - SIB N10P 54.00 65.00 16.00 - SIB N2 53.00 63.75 15.00 - SIB N1+ 30.00 36.00 3.50 0.01 SIB N1 3.50 4.25 - 0.01 SIB X0- N1- - - - - Xxxxxxxxxx Xxxxxx Xxxxxxx XXX X0(*) Not available until further notice. Electronic Outcry Trading CRR N1+ 1.00 1.25 - 0.01 Warrants, Certificates and Other Products WRR N2 3.00 3.75 - - Latibex LAT N2+ 2.50 3.00 - 0.01 Derivatives (MEFF) MEFF FOB 25.00 30.00 - - MEFF N2 22.00 26.50 3.00 - MEFF N1 14.00 17.00 2.00 - MEFF LP 1.75 2.25 - - MEFF DOR - - 1.00 - Fixed Income BME RF N2 45.00 54.00 10.00 - BME RF LP 30.00 36.00 6.00 - RF MO Retail 10.00 12.00 2.00 - SEND N2 10.00 12.00 2.50 - XXXX X0 MERF N2 5.00 6.00 1.25 - SENAF N2 17.50 21.00 3.00 - MARF N2 5.00 6.00 1.25 - SEND LP 6.00 7.25 1.50 - MERF LP 3.00 3.75 1.00 - SENAF LP 10.00 12.00 2.00 - AIAF LP 17.50 21.00 3.00 - MARF LP 3.00 3.75 1.00 - DATA FEES (monthly) € (VAT ex.) CONTENTS Fee per Device Fee per User Discounted Fee per Device (Non-Professional Investor) Per Quote IBEX® and FTSE Latibex Indices, Stock Exchanges Indices (Barcelona, Bilbao, Madrid and Valencia), IBEX 35® DOR Index and Stock Strategy Indices. IND BME 6.50 8.00 1.50 - IND N1 5.50 6.75 - - IND BOL 1.25 1.50 - - IBEX 35® DOR - - 0.25 0.01 CORPORATE ACTIONS AND MATERIAL INFORMATION HR (*) 0.50 0.75 - HR (*) - - - BME Funds FONDOS BME (**) - - - BME APA APA OP 2.50 - - APA QT 1.00 - - APA ALL 3.00 - - FX ROLLING SPOT FUTURES xRolling FX N2 (**) - - - xRolling FX N1 (**) - - - (*) In order to determine which fee is more convenient to your needs, please contact us at xxxxxxxx@xxxxxxxx.xx (**) No Fees are applicable until further notice. The End User complying with all the requirements under Special Case No. 1 (Annex 1 of the Data Distribution Agreement of BME Market Data) shall be deemed as Non-Professional Investor.

Variable Fees. The variable fees shall be payable by the Contracting Party on a monthly basis and shall depend on the number of Access ID Codes and Per Quote Individual Requests ("quotes") with access to Real-Time Data. Corresponding Variable Fee for Internal Users of the Contracting Party’s Group will apply as from January 1st, 2015. DATA FEES (monthly) € (VAT ex.) CONTENTS Fee per Device Fee per User Discounted Fee per Device (Non-Professional Investor) (4) Per Quote Equities of the Interconnection Trading System, ETFs, Latibex, BME Growth and Electronic Outcry Trading. SIB FOB 75.00 90.00 TF 60.00 72.00 - - SIB N2+ 59.00 71.00 - - SIB N10P 54.00 65.00 16.00 - SIB N2 53.00 63.75 15.00 - SIB N1+ 30.00 36.00 3.50 0.01 SIB N1 3.50 4.25 - 0.01 SIB X0- N1- - - - - Xxxxxxxxxx Xxxxxx Xxxxxxx XXX X0Electronic Outcry Trading CRR N1+ 1.00 1.25 - 0.01 Warrants, Certificates and Other Products WRR N2 3.00 3.75 - - Latibex LAT N2+ 2.50 3.00 - 0.01 Derivatives (MEFF) MEFF FOB 25.00 30.00 - - MEFF N2 22.00 26.50 3.00 - MEFF N1 14.00 17.00 2.00 - MEFF LP 1.75 2.25 - - MEFF DOR - - 1.00 - Fixed Income BME RF N2 45.00 54.00 10.00 - BME RF LP 30.00 36.00 6.00 - RF MO Retail 10.00 12.00 2.00 - SEND N2 10.00 12.00 2.50 - XXXX X0 MERF N2 5.00 6.00 1.25 - SENAF N2 17.50 21.00 3.00 - MARF N2 5.00 6.00 1.25 - SEND LP 6.00 7.25 1.50 - MERF LP 3.00 3.75 1.00 - SENAF LP 10.00 12.00 2.00 - AIAF LP 17.50 21.00 3.00 - MARF LP 3.00 3.75 1.00 - DATA FEES (monthly) € (VAT ex.) CONTENTS Fee per Device Fee per User Discounted Fee per Device (Non-Professional Investor) Per Quote IBEX® and FTSE Latibex Indices, Stock Exchanges Indices (Barcelona, Bilbao, Madrid and Valencia), IBEX 35® DOR Index and Stock Strategy Indices. IND BME 6.50 8.00 1.50 - IND N1 5.50 6.75 - - IND BOL 1.25 1.50 - - IBEX 35® DOR - - 0.25 0.01 CORPORATE ACTIONS AND MATERIAL INFORMATION HR (*) 0.50 0.75 - HR (*) - - - BME Funds FONDOS BME (**) - - - BME APA APA OP 2.50 - - APA QT 1.00 - - APA ALL 3.00 - - FX ROLLING SPOT FUTURES xRolling FX N2 (**) - - - xRolling FX N1 (**) - - - (*) In order to determine which fee is more convenient to your needs, please contact us at xxxxxxxx@xxxxxxxx.xx (**) No Fees are applicable until further notice. The End User complying with all the requirements under Special Case No. 1 (Annex 1 of the Data Distribution Agreement of BME Market Data) shall be deemed as Non-Professional Investor.

Variable Fees. The variable fees shall be payable by the Contracting Party on a monthly basis and shall depend on the number of Access ID Codes and Per Quote Individual Requests ("quotes") with access to Real-Time Data. Corresponding Variable Fee for Internal Users of the Contracting Party’s Group will apply as from January 1st, 2015. DATA FEES (monthly) € (VAT ex.) CONTENTS Fee per Device Fee per User Discounted Fee per Device (Non-Professional Investor) (4) Per Quote Equities of the Interconnection Trading System, ETFs, Latibex, BME Growth and Electronic Outcry Trading. SIB FOB 75.00 90.00 - - SIB N2+ 59.00 71.00 62.00 74.50 - - SIB N10P 54.00 65.00 57.00 68.50 16.00 - SIB N2 53.00 63.75 56.00 67.25 15.00 - SIB N1+ 30.00 36.00 32.00 38.50 3.50 0.01 SIB N1 3.50 4.25 - 0.01 SIB X0- - - - - Xxxxxxxxxx Xxxxxx Xxxxxxx XXX X0+ 1.00 1.25 - 0.01 Warrants, Certificates and Other Products WRR N2 3.00 3.75 - - Latibex LAT N2+ 2.50 3.00 - 0.01 Derivatives (MEFF) MEFF FOB 25.00 30.00 - - MEFF N2 22.00 26.50 23.00 27.75 3.00 - MEFF N1 14.00 17.00 15.00 18.00 2.00 - MEFF LP 1.75 2.25 - - MEFF DOR - - 1.00 - Fixed Income BME RF N2 45.00 54.00 10.00 - BME RF LP 30.00 36.00 6.00 - RF MO Retail 10.00 12.00 2.00 - SEND N2 10.00 12.00 2.50 - XXXX X0 5.00 6.00 1.25 - SENAF N2 17.50 21.00 3.00 - MARF N2 5.00 6.00 1.25 - SEND LP 6.00 7.25 1.50 - MERF LP 3.00 3.75 1.00 - SENAF LP 10.00 12.00 2.00 - AIAF LP 17.50 21.00 3.00 - MARF LP 3.00 3.75 1.00 -

Variable Fees. The variable fees shall be payable by the Contracting Party on a monthly basis and shall depend on the number of Access ID Codes and Per Quote Individual Requests ("quotes") with access to Real-Time Data. Corresponding Variable Fee for Internal Users of the Contracting Party’s Group will apply as from January 1st, 2015are applicable. These fees are charged to all Customer Categories that make a Display Usage of the Licensed Data. DATA FEES (monthly) € (VAT ex.) CONTENTS Fee per Device Fee per Active User Discounted Fee per Device (Non-Professional Investor) (4) Per Quote Equities of the Interconnection Trading System, ETFs, Latibex, BME Growth and Electronic Outcry Trading. SIB FOB 75.00 90.00 - - SIB N2+ 59.00 71.00 62.00 74.50 - - SIB N10P 54.00 65.00 57.00 68.50 16.00 - SIB N2 53.00 63.75 56.00 67.25 15.00 - SIB N1+ 30.00 36.00 32.00 38.50 3.50 0.01 SIB N1 3.50 4.25 - 0.01 SIB X0- N1- - - - - Xxxxxxxxxx Xxxxxx Xxxxxxx XXX X0Electronic Outcry Trading CRR N1+ 1.00 1.25 - 0.01 Warrants, Certificates and Other Products WRR N2 3.00 3.75 - - Latibex LAT N2+ 2.50 3.00 - 0.01 Derivatives (MEFF) MEFF FOB 25.00 30.00 - - MEFF N2 22.00 26.50 23.00 27.75 3.00 - MEFF N1 14.00 17.00 15.00 18.00 2.00 - MEFF LP 1.75 2.25 - - MEFF DOR - - 1.00 - Fixed Income BME RF N2 45.00 54.00 10.00 - BME RF LP 30.00 36.00 6.00 - RF MO Retail 10.00 12.00 2.00 - SEND N2 10.00 12.00 2.50 - XXXX X0 MERF N2 5.00 6.00 1.25 - SENAF N2 17.50 21.00 3.00 - MARF N2 5.00 6.00 1.25 - SEND LP 6.00 7.25 1.50 - MERF LP 3.00 3.75 1.00 - SENAF LP 10.00 12.00 2.00 - AIAF LP 17.50 21.00 3.00 - MARF LP 3.00 3.75 1.00 -