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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
The balance drawn down at year end 2011 includes the par ticipating loan granted by Mediaset Investment, S.R.L.A.
(Note 17).
The interest rates applicable to these credit facilities, excluding those arranged as par ticipating loans, were EURIBOR
plus a market spread of 100 basis points for 2011 and 2010.
Financing provided to associates consists primarily of credit facilities or commercial loans.
25.2. Remuneration of directors
The Company’s Board members earned total remuneration of EUR 4,731 thousand and EUR 4,990 thousand in 2011
and 2010, respectively, in the form of salaries and other compensation in kind.
The Company has not granted the directors any advances or loans and it does not have any pension or other obligations
to them.
In addition, in 2011 the Company’s Board of Directors granted directors a total of 198,625 share options (397,250 share
options in 2010) valued at EUR 41 thousand, which had not been exercised at 2011 year-end.
Each option granted carries the right to purchase one share of the Parent.
The exercise price of each option in 2011 is EUR 5.83 (EUR 7.00 in 2010), see Note 21.
At 31 December 2011, the most significant information on the share options granted by the Company to its directors
is summarised as follows:
Number of share
options
Exercise Price
(euros)
Beginning of
Exercise Period
End of Exercise
Period
Total Board of Directors
Options granted in 2007
433,250
19.74
25/07/10
24/07/12
Options granted in 2008
216,625
7.13
30/07/11
29/07/13
Options granted in 2009
108,312
5.21
29/07/12
28/07/14
Options granted in 2010
397,250
7.00
28/07/13
27/07/15
Options granted in 2011
198,625
5.83
27/07/14
26/07/16
Other disclosures on the Board of Directors
Information on equity investments held by directors in companies with similar activities and functions performed by
these on their own behalf or on behalf of third parties.
In compliance with Ar ticle 229,2 of the Spanish Corporation Law, and regarding the parent company, we hereby
state that Giuseppe Tringali, Paolo Vaisle, Giuliano Adreani, José Ramón Alvarez Rendueles, Pier Silvio Berlusconi, Fedele
Confalonieri, Ángel Durández Adeva, Marco Giordani, Manuel Polanco Moreno, Alfredo Messina, Borja de Prado Eulate,
Massimo Musolini, Helena Revoredo Delvecchio and Juan Luis Cebrián Echarri, members of the Board of Directors
of Mediaset España Comunicación, S.A. as of 31 December 2011, nor any related par ty to the above board members
according to ar ticle 231 of the Capital Companies Law, have not owned and do not own shareholdings in the share
capital of companies that have a corporate purpose identical, similar or complementary to the activity that constitutes
Mediaset España Comunicación, S.A.’s corporate purpose.