ADR Program

Grifols has launched a Level I American Depository Receipt (ADR) Program in the U.S. in May 2009. An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market.

Two ADRs represent one common share of Grifols and has full voting rights. The dividends are equivalent to the Grifols’ shares and are paid to investors in U.S. dollars. Dividends are converted into U.S. dollars by the depository bank at the prevailing rate.

ADR depositary

The company ADR program is sponsored by Deutsche Bank Trust Company Americas (Deutsche Bank). As the depository bank, Deutsche Bank performs the following roles for ADR holders:

• Records and maintains the register of ADR holders.
• Is the stock transfer agent.
• Distributes dividends in U.S. dollars.
• Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders.
• Issues and cancels Grifols ADRs.
• Distributes Annual General Meeting documentation.

Contacts

Deutsche Bank Trust Company Americas
C/o American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050
Email: DB@amstock.com
Shareholder Service (toll-free) Tel. (866) 249-2593
Shareholder Service (international) Tel. (718) 921-8137
http://adr.db.com/    http://www.amstock.com.db.com/

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