The Company has no top management. These responsibilities are carried out by other companies in Grupo Aguas de Valencia.

For the tax years 2016 and 2015 the Company made no payment to any of the members of the Board of Directors under any concept.

With reference to article 229 of Corporate  Law, the directors have stated that they have no conflict of interests with the Company.

There have been no advance payments, loans or pensions or life insurance commitments conceded to members of the Board of Directors.