Page 109 - Consolidated Financial Statements and Management Report

The accrued part of the variable remuneration is included within the remuneration of Senior Management, excluding Executive Directors item. The accrued part of the

variable remuneration that should have been paid in 2013was accounted for as at 31 December 2012. However, this variable remunerationwas not paid out as the targets

set were not achieved to a sufficient degree in some cases and due to a voluntary waiver of the variable remuneration in others.

30.3

Information on conflicts of interest among Directors

At year end 2013, the members of the Board of Directors of NH Hoteles, S.A. and certain individuals associated with the Board, as defined in the Revised Text of the

Capital Companies Act, held interests in the capital of the following companies engaged in the same, similar or complementary type of operations as those comprising

the corporate purpose of NHHoteles, S.A.

Holder

Investee company

Activity

Number of shares

Francisco Javier Illa Ruiz

Hotel Comtat de Vic, S.A.

Hotel Business

23.50%

Francisco Javier Illa Ruiz

Hoteles y Gestión, S.A.

Hotel Business

1.086%

José Antonio Castro Sousa

Bonanova Squash Garden, S.A

Hotel Business

100.00%

José Antonio Castro Sousa

Bristol Services, S.L.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotel Colibri, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotel Conde de Aranda, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Cordobatel, S.A.

Hotel Business

65.47%

José Antonio Castro Sousa

Gerencias y Serv. Turisticos, S.A.

Hotel Business

85.49%

José Antonio Castro Sousa

Hotelera Metropol, S.A.

Hotel Business

85.82%

José Antonio Castro Sousa

Infond, S.A.

Hotel Business

89.52%

José Antonio Castro Sousa

Desjust, S.L.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotelera Sant Just, S.A.

Hotel Business

84.73%

José Antonio Castro Sousa

Playa del Oeste, S.A.

Hotel Business

58.28%

José Antonio Castro Sousa

Hotelera del Noroeste, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotelera del Tormes, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotel Hesperia Madrid, S.L.

Hotel Business

100.00%

José Antonio Castro Sousa

Hoteles Almeria, S.A.

Hotel Business

66.29%

José Antonio Castro Sousa

Hotelera Salvatierra, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotelera del Este, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotel Fontoria, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Hotelera Paseo de Gracia, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Bercuma, S.L.

Hotel Business

86.28%

José Antonio Castro Sousa

Hotels Hesperia Andorra, S.A.

Hotel Business

99.99%

José Antonio Castro Sousa

Corp. Hotelera Hemtex, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Desarrollo Turistico Isla Bonita, C.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Inversiones HMR, C.A.

Hotel Business

35.70%

José Antonio Castro Sousa

Hesperia del Golf, S.L.

Hotel Business

100.00%

José Antonio Castro Sousa

Hesperia Purchasing Center, S.A.

Procurement network

100.00%

José Antonio Castro Sousa

Hotelera de Levante, S.A.

Hotel Business

100.00%

José Antonio Castro Sousa

Espesalud, S.L.

Hotel Business

100.00%

José Antonio Castro Sousa

Fondotel, S.A.

Hotel Business

96.88%

Participaciones y Cartera de Inversión, S.L.

NH Segovia, S.L.

Hotel Business

46.73%

Participaciones y Cartera de Inversión, S.L.

AC Dos Norte, S.L.

Hotel Business

3.33%

Participaciones y Cartera de Inversión, S.L.

Inversora de Hoteles Vacacionales, S.L.

Hotel Business

25%

Participaciones y Cartera de Inversión, S.L.

Playa Hotels & Resorts, S.L.

Hotel Business

7.23%

Participaciones y Cartera de Inversión, S.L.

Fontecruz Inversiones, S.A

Hotel Business

9.89%

Participaciones y Cartera de Inversión, S.L.

Hotel Barcelona Golf, S.A.

Hotel Business

16.64%

Participaciones y Cartera de Inversión, S.L.

VIP Cartera, S.L.

Hotel Business

15.77%