International expansion plans

In the future, Saeta Yield intends to expand its presence both in Spain and internationally by acquiring other assets for the generation of renewable or conventional electricity and the distribution and transmission of electricity, as well as any other energy-related infrastructure, in each case with long term contracted or regulated revenues. Such acquisitions are expected to be through a Right of First Offer and Call Option agreement (the “ROFO Agreement”) which Saeta Yield signed with the sponsor on 29th of January, 2015, as well as through other acquisitions from third parties.