fact sheet 2014 Barcelona Stock Exchange Barcelona Stock Exchange



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Barcelona Stock Exchange Barcelona Stock Exchange Passeig de Gràcia, 19. 08007 Barcelona Phone (34) 93 401 35 55. Fax (34) 93 401 36 95 Internet: www.borsabcn.es E-mail: informacion@borsabcn.es fact sheet 2014

fact sheet 2014 General Data History The roots of the Barcelona Stock Exchange go back to the Middle Ages with the emergence of commodity exchanges at the time of the Commercial Revolution in Catalonia. The Ordinacions promulgated by King James I in 1271 is the oldest and most complete text regulating the role of the mercantile mediator. Towards the middle of the nineteenth century, with the industrial boom and the birth of the first Catalan corporations, the trading of securities was started, with an active market in Barcelona where the role of the mediators was carried out by Corredores Reales, forerunners of the later Agentes de Cambio y Bolsa (stockbrokers). The Official Stock Exchange was created in 1915, its government and administration being entrusted, until 29 July 1989, to the Colegio de Agentes de Cambio y Bolsa (Stockbrokers Association). Board of Directors Chairman: Joan Hortalà i Arau Directors: Enrique García Palacio Jorge Harmat Pérez Mª Isabel Munuera Rodríguez José Luis Negro Rodríguez Francisco de Oña Navarro General Manager: José Mª Antúnez Xaus Employees: 53 Organization and operation With the coming into force of Stock Market Act 24/1988 on 29 July 1989, the Barcelona Stock Exchange came under the control of the Sociedad Rectora de la Bolsa de Valores de Barcelona, S.A.U.. In 2002 the Barcelona Stock Exchange, along with Iberclear and the other Spanish markets, formed the Bolsas y Mercados Españoles Group (BME). The organisation and members of the Barcelona Stock Exchange. A network at the service of investment. Members 23 - Securities Companies 10 - Credit Entities 11 2 - Securities Agencies 2 3

Type of market Interconnected Stock-Market System Computer-assisted trading for stocks integrated in the Interconnected Stock-Market System. This system gives equal access to all members of the Spanish Stock Exchanges, to a single national market. More than 95% of the total volume traded on the Spanish stock markets is negotiated in this system. Trading hours: The most liquid shares are traded continuously from 09:00 to 17:30, with an opening auction between 08:30 and 09:00 and a closing auction from 17:30 to 17:35. Less liquid shares are traded via a system based on two daily fixing at 12:00 and 16:00. Warrants A specialised segment of the Interconnected Stock- Market System reserved for the trading of warrants, certificates and other products. Trading hours: from 9:00 h. to 17:30 h. Exchange Traded Funds (ETFs) A special segment of the Interconnected Stock Market System dedicated to the trading of Exchange Traded Funds (ETFs). Floor trading After this auction, there is a continuous trading from 09:00 to 17:35 h. Electronic trading in stocks not integrated in the Interconnected Stock-Market System, included the Barcelona Stock Exchange Second Market for small and medium - sized corporations. Trading hours: First auction period: from 8:30 h. to 12 h. First assignment of prices: 12 h. Second auction period: from 12 h. a 16 h. Second assignment of prices: 16 h. Stock Market system for fixed income and public debt Electronic trading of fixed income and public debt within the Stock Market system. Trading hours: from 9 h. to 16:30 h. Catalonian Public Debt Market Telephonic trading, assisted by screens with information on Catalonia Public Debt. Forms of trading are identical to those available on the market of entries in the CADE (Central de Anotaciones de Deuda del Estado) and all technical procedures have been developed along the same lines. Parallelly to the phone trading system there is a complementary electronic trading system where simple transactions can be carried out. Mercado Alternativo Bursátil (MAB) A Multilateral Trading Facility provided for the trading of securities that, due to the particular legal conditions the issuers are subject, or due to their size or special characteristics, require specific treatment for their trading, clearing, settlement and registration. Currently the MAB has four distinct securities trading segments: Investment Companies with Variable Capital (SICAV) and hedge funds in the form of companies (SIL) segment. Risk capital segment. Growing companies segment. Spanish real estate investment trusts (SOCIMI) segment. Latin-American Market (LATIBEX) A Multilateral Trading Facility for shares issued by entities based in Latin-American countries and previously listed on a Latin-American Stock Exchange. Trading hours: Opening auction: From 8:30 h. to 11:30 h. Continuous trading: From 11:30 h. to 17:30 h. Options and futures market All Barcelona Stock Exchange members have access to the options and futures market on variable income. Products traded: options and futures on stock indices and shares. Trading Trading days Monday to Friday 2014 featured, 255 trading days. Public holidays in 2015 1 January 3 April 6 April 1 May 25 December Transactions All operations are cash transactions, although creditbased operations are allowed in the case of certain stocks. Trading on credit In accordance with the Ministerial Order of 25/3/1991 and the rules established by the Barcelona Stock Exchange, once the investor has provided a cash guarantee of 25% of the total amount involved in the transaction, Securities and Stock Exchange Companies as well as other financial institutions may grant a credit in cash in the case of purchases, and a loan of share certificates in the case of sales, against Trading hours: There is an opening auction between 8:30 Trading hours: Telephonic trading: 9 h. to 17 h. Trading hours: From 9:00 h. to 17:35 h. and 09:00 h. Electronic trading: from 9 h. to 16:30 h. payment of interest. 4 5

Credit may be granted for up to three and a half months. Trading on credit may only be done for a minimum cash value of 1,200 euros. The Barcelona Stock Exchange accepts trading on credit for 35 of the most important stocks. Settlement Settlement of daily transactions is carried out three working days later. Stock market indices BCN Global -100 Index This is the official index of the Barcelona Stock Exchange. It is a trade-weighted index, made up of the 100 most traded companies on the Barcelona Stock Exchange. Date and base: 1-01-1986 = 100. BCN PER-30 Index This is a Barcelona Stock Exchange index composed of the shares of the 30 lowest price/earning ratio (PER) companies, in the IBEX 35. The index is calculated by weighting each equity according to the PER. Date and base: 1-01-2001 = 10,000. BCN ROE-30 Index This is a Barcelona Stock Exchange index composed of the shares of the 30 highest earning/equity ratio (ROE) companies, in the IBEX 35. The index is calculated by weighting each equity according to the ROE. Date and base: 1-01-2001 = 10,000. BCN MID-50 Index This is an index on the Barcelona Stock Exchange, which is representative of the average segment of the Spanish stock market. It is a simple index comprising the 50 companies included in the IBEX MEDIUM CAP and IBEX SMALL CAP Indices. Date and base: 1-01-1994 = 4,000. Spanish Stock Exchanges Index IBEX 35 This is the official index for the continuous market of the Spanish Stock Exchanges. It is an index weighted by market value, made up of the 35 most traded companies on the continuous market of the four Spanish Stock Exchanges. Date and base: 1-01-1990 = 3,000. FTSE Latibex Top Index This is the Latin-American Stock Market index, weighted according to the market value of the main companies listed. Date and base: 12-30-2002 = 1,000. Tax Regime Dividends and General Meeting attendance bonuses 2015 From taxable base As far as dividends distributed by the resident companies are concerned, the exemption of amounts up to 1,500 euros in place until 2015 has been removed. Withholding of 20% of the gross 2015 dividend and of 19% from 1 January 2016 onward, to be deducted from the personal income tax charge. Dividends, General Meeting attendance bonuses Exceptions aside, gross interest income is subject and profit-sharing qualify as investment income, to a withholding of 20% for 2015 and 19% from BCN Profit-30 Index BCN INDEXCAT Index and must generally be added to the savings 1 January 2016 onward, to be deducted from the This is a Barcelona Stock Exchange index composed This is a Barcelona Stock Exchange index composed category of the taxable base of personal income personal income tax charge. 6 of the shares of the 30 most profitable companies in the IBEX 35. The index is calculated by weighting each equity according to the quarterly profits declared by the companies concerned. Date and base: 1-01-2001 = 10,000. of the shares of the 15 Catalonia-based listed companies with the highest stock market capitalisation adjusted for floating capital. The index is weighted by capitalisation. Date and base: 1-01-2001 = 10,000. tax (Impuesto sobre la Renta de las Personas Físicas), which is taxed at a rate ranging from 20% to 24% for 2015 and from 19% to 23% from 1 January 2016 onward, determined by the following bands: 7 Interest Charge Up to taxable base Rate 0.00 0 6,000.00 20% 6,000.00 1,200.00 44,000.00 22% 50,000.00 10,880.00 them 24% 2016 and thereafter From taxable Charge base Up to taxable base Rate 0.00 0 6,000.00 19% 6,000.00 1,140.00 44,000.00 21% 50,000.00 10,380.00 them 23% Interest generally forms part of the savings category of the taxable base, which is taxed at the same rate as that established for dividends.

Capital gains and losses Law 26/2014 has removed the obligation to include on general taxable base capital gains and losses on assets sales arising over a period of less than one year. As a result, all capital gains from the transfer of assets, regardless of the seniority allowance of the element within the taxpayer s assets, will be included within the savings taxable base, with tax payable based on the aforementioned scale. This general tax system is also applicable to capital gains derived from the transfer of or redemption proceeds from shares and stakes in collective investment institutions. Nonetheless, capital gains and loss arising from the transfer of or redemption proceeds from shares and stakes in collective investment institutions, in certain cases, shall not be included in the calculation of income tax if the amount obtained is reinvested in the acquisition of other shares or stakes in collective investment institutions, with the new shares and stakes keeping their value and the date of acquisition of the shares or stakes transferred or redeemed. These deferral rules do not apply if the proceeds of sale or redemption of shares and units of collective investment institutions are made available to the taxpayer in any form. Nor do the deferral rules apply if the sale or redemption concerns shares in the equity of a collective investment institution qualifying as a listed investment fund (ETF). investment institution qualifies as a listed investment fund (ETF). The person under an obligation to pay in a 20% for 2015 (19% from 1 January onward) withholding on the gain is sometimes the shareholder/unitholder making the sale or redemption. Another important new aspect introduced into the reform of the income tax system makes reference to the transfer of subscription rights from negotiated securities, although this will not come into force until 2017. Until 31 December 2016, the amount obtained from subscription rights from negotiated securities will continue to reduce its acquisition value until cancellation, with the excess, if applicable, taxable as capital gains. From 1 January 2017, the amount obtained through the sale of subscription rights from negotiated securities will be integrally calculated as capital gains without reducing the acquisition cost of the securities. Finally, capital gains that are not derived from a transfer will continue to be included within the general taxable base. Offsetting of income savings base can be offset by the positive balance derived from capital gains derived from the transfer of assets, to a limit of 10% for 2015 (15% for 2016, 20% for 2017 and 25% from 2018 onward) of the aforesaid the positive balance. If, after this offsetting, there is still a negative balance, the amount may be offset in the same way over the four following years. Any negative balance regarding capital gains and losses included in the taxable savings base can be offset by the positive balance derived from capital gains on property derived from the transfer of assets, to a limit of 10% for 2015 (15% for 2016, 20% for 2017 and 25% from 2018 onward) of the aforesaid the positive balance. Any remaining negative balance may be offset in the same way over the four following years. Negative balances as a result of the offsetting of capital gains not derived from the transfer of assets can be offset with the rest of the income included within the general taxable base, to a limit of 25%. If, after this offsetting, there is still a negative balance, the amount may be offset in the same way over the four following years. This Law has established a transitory taxation system applicable to negative balances that were pending offsetting from 31 December 2012. International double taxation Here, the tax regime is shaped by the existence of a double taxation treaty between Spain and the investor s country of residence and by the various exemptions available under Spanish tax law. The investor must produce proof of domicile. However, the Ley del Impuesto sobre la Renta de los No Residentes (Non-Resident Income Tax Act) allows an exemption for income obtained by non-resident individuals or entities from the sale of securities or the redemption of units in investment funds taking place on a Spanish regulated market without the involvement of any permanent establishment in Spain if such individual or entity is resident in a state that has in place a double taxation treaty with Spain with an information exchange clause. Under most of the treaties to which Spain is a signatory the final tax rate in the source country is 15% for dividends and 10% to 15% for interest. As far as dividends distributed by the resident companies and profit-shares obtained without the involvement of a permanent establishment in Spain by individuals resident in another member state of the European Union or in a country or territory with which an information exchange agreement are concerned, the exemption of amounts up to 1,500 euros in place until 2015 has been removed. Another significant change is the option to offset returns against capital gains in the savings base, with certain limits. Taxable gains on the sale or redemption of shares or units in collective investment institutions are subject From the 2015 Income Tax Declaration onward, any 8 to a withholding of 21%, except if the collective capital losses on property included in the taxable 9

Exemption from value-added tax and transfer tax Outside certain statutory exceptions specifically involving transfers of title to land, sales of securities, exchange-traded or otherwise, are exempt from transfer tax/stamp duty (Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados) and from value-added tax (Impuesto sobre el Valor Añadido). Wealth tax The reintroduction of wealth tax places taxable persons under a duty to report their assets and rights at year-end. Under the Law 19/1991 (Wealth Tax Act), fixedincome securities, equity securities and investment fund units must be measured as follows: - Fixed-income securities: Securities representing assignments to third parties of own capital (treasury bills, bonds and debentures, etc.) are measured at their average quoted value in the fourth quarter of the year. - Equity securities: Securities representing a share in the equity of any form of entity listed on a regulated market, other than a collective investment institution, are measured at their average quoted value in the fourth quarter of the year. - Collective investment institutions: Securities representing a share in the members funds or equity of a collective investment institution are measured at their net asset value at the date of accrual of the tax (31 December). Foreign Investment Regime Foreign investment in Spain is governed by Royal Decree 664/1999 of 23 April concerning foreign investment. Persons holding title to foreign investments A foreign investment in Spain, to qualify as such, must be held by a non-resident individual or legal person domiciled overseas. Foreign investments in Spain arise in the following ways: - Shareholdings in investment funds registered with the Comisión Nacional del Mercado de Valores, the Spanish securities market regulator. - Acquisition of real property in Spain. - Creation or formation of, or shareholdings in, joint ventures, foundations, economic interest groupings, cooperatives and partnerships. Restrictions on foreign investment Foreign investment in Spain, and disinvestment, is deregulated. However, the deregulated regime may be suspended: - The Council of Ministers may suspend the generally applicable deregulated regime were investment affects activities impinging on the exercise of government powers, or on public order, public safety or public health. Here, investment becomes subject to prior government authorization. - Activities directly relating to national defence require prior government authorization and are subject to a special regime. - Special regimes also apply to foreign investment in Spain in relation to air transport, radio broadcasting, minerals and raw materials, strategic minerals and mining rights, television broadcasting, gambling and telecommunications. Finance s Investment Registry for administrative, statistical and economic purposes. Investment originating in countries or territories qualifying as tax havens, however, are subject to ex ante reporting except, for the purposes with which we are concerned here, if such investment targets tradable securities that have already been issued or publicly offered on a regulated market. Specific registration with the stock exchange is not required. The following persons must report investments/ disinvestments: - As a rule, the non-resident owner of the investment. - In particular: An investment in tradable securities must be reported by an investment service entity, a credit institution or another financial institution holding an authorization or mandatorily involved in subscription for or sale of securities or acting as the depositary or manager of acquired securities. The Spanish company attracting the investment if the shares are registered. The investment fund management company if the transaction involves a Spanish investment fund. - Shareholdings in Spanish companies. Reporting foreign investment in/disinvestment - Creation or expansion of a branch network. from Spain - Subscription for and acquisition of tradable Foreign investment in/disinvestment from Spain securities representing borrowings issued by 10 must be reported to the Ministry of Economy and residents. 11

BCN INDEXCAT Base 1-1-2001 = 10.000 This is calculated daily, in real time. 2014 BCN Global-100 950 2014 in figures Barcelona Stock Exchange Indices BCN Global-100 Base 1-1-1986 = 100 A general index and nine sectorial indices are calculated daily, in real time. Year low: 795.22 (01/02) 03/31/2014: 865.81 09/30/2014: 918.04 BCN Global-100 Yearly Base 1-1-2014 = 100 A general index and nine sectorial indices are calculated daily, in real time. On 12-31-2014 = 105.94 Year high: 945.26 (06/19) 06/30/2014: 919.71 12/31/2014: 857.21 BCN Global-100 Historic Base 1-1-1963 = 100 BCN PROFIT-30 Base 1-1-2001 = 10,000 This is calculated daily, in real time. On 12-31-2014 = 14,411.38 BCN PER-30 Base 1-1-2001 = 10,000 This is calculated daily, in real time. On 12-31-2014 = 22,987.28 BCN ROE-30 Base 1-1-2001 = 10,000 This is calculated daily, in real time. On 12-31-2014 = 21,068.82 On 12-31-2014 = 18,584.29 Spanish stock exchanges indices IBEX 35 Base 1-1-1990 = 3,000 This index, together with the IBEX MEDIUM CAP and IBEX SMALL CAP indices, is calculated daily, in real time. On 12-31-2014 = 10,279.50 FTSE Latibex TOP Base 30-12-2002 = 1,000 This is calculated daily, in real time. On 12-31-2014 = 3,458.40 Activity of the stock market Listed securities Fixed income: Catalonia Public Debt and other Public Funds 54 Debentures 62 Listing changes (number of issuers) New listings 8 Exclusions 6 Market value Million euros Catalonia Public Debt and other Public Funds 9,002 Debentures 4,028 Shares 735,084 Total 748,114 Market value of new listings Million euros Catalonia Public Debt and BCN MID-50 Base 1-1-1994 = 4,000 A general index and eight sectorial indices are Variable income: other Public Funds 93 calculated daily. This is calculated daily, in real time. Shares 125 Debentures - Shares 4,374 12 On 12-31-2014 = 2,203.19 On 12-31-2014 = 14,951.50 Listed Corporations 136 13 Total 4,467 900 850 800 750 700 01-01-14 14-01-14 27-01-14 09-02-14 22-02-14 07-03-14 20-03-14 02-04-14 15-04-14 28-04-14 11-05-14 24-05-14 06-06-14 19-06-14 02-07-14 15-07-14 28-07-14 10-08-14 23-08-14 05-09-14 18-09-14 01-10-14 14-10-14 27-10-14 09-11-14 22-11-14 05-12-14 18-12-14 31-12-14

New capital issues Stock Exchange ratios 12-31-2014 Number of new capital issues 40 - For cash 5 - Scrip issues 35 - For cash 2,747 Million euros - Scrip issues 1,575 Million euros Trading volume Effective Million euros Catalonia Public Debt and other Publics Funds 34,858 Debentures 1,397 Shares 176,570 Total 212,825 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 PER Div/P % Sector P/E Yield Largest corporations according to their market value (Million euros) 1 Banco Santander 88,041 2 Industria de Diseño Textil "INDITEX" 73,880 3 Telefónica 55,514 4 Banco Bilbao Vizcaya Argentaria 48,470 5 Iberdrola 35,756 6 Caixabank 24,923 7 Repsol 20,990 8 Gas Natural SDG 20,824 9 Endesa 17,522 10 Amadeus IT Holding 14,808 11 Abertis Infraestructuras 14,759 12 Bankia 14,258 13 International Consolidated Airlines Group 12,628 14 Ferrovial 12,277 15 Grifols 10,723 16 Red Eléctrica Corporación 9,903 17 ACS, Actividades Construcción y Servicios 9,116 18 Banco de Sabadell 8,874 Most traded corporations (Million euros) 1 Banco Santander 32,046 2 Telefónica 23,337 3 Banco Bilbao Vizcaya Argentaria 22,380 4 Iberdrola 11,408 5 Repsol 11,226 6 Industria de Diseño Textil "INDITEX" 8,869 7 Amadeus IT Holding 7,063 8 Banco Popular Español 3,909 9 Caixabank 3,571 10 Banco de Sabadell 3,554 11 Bankia 3,260 12 Gas Natural SDG 2,692 13 Red Eléctrica Corporación 2,491 14 Enagás 2,397 15 Abengoa 2,192 16 Abertis Infraestructuras 2,144 17 Ferrovial 2,081 18 Mapfre 2,025 17 % Electricals 13.67 6.74 Banks 19.08 5.50 Chemicals 11.62 5.27 Cement, Building and Real Estate 12.58 1.93 Iron and Steel 18.14 1.06 Food, Agric. and Forestry 19.63 2.77 83 % Textiles and Paper 21.33 2.09 Trade and Finances 9.51 4.83 Service and Sundry 15.34 6.27 Variable Income 176,570 19 Banco Popular Español 8,739 19 Grifols 1,915 14 Fixed Income 36,255 General Barcelona Stock Exchange 16.26 5.23 20 Mapfre 8,663 20 Jazztel 1,673 15

Barcelona Stock Exchange Services and products The Electronic Trading Centre Trading and settlement Trading assistance The Barcelona Stock Exchange has an integral communications network which allows its members access to the following markets: - Interconnected Stock-Market System. - Fixed Income and Public Debt Trading System. - Options and Futures market (variable income). Settlement, deposit and back-office services The Barcelona Stock Exchange also provides services in the following areas: - Clearing and Settlement Systems (SCLBARNA). - Deposit Management Service (SGD). - Administration systems. Transmission of book entries. Control of issuers financial operations. Transaction register. Shareholder register. Accounting register of non-listed shares, etc. Information available All Information concerning the Barcelona Stock Exchange and other Spanish and International markets Centrally located and equipped with the most advanced technology, the Electronic Trading Centre is the Order routing service (SGO) A routing system (with automatic interface with is available via the services provided, according to ASP Services. Make it possible to insert financial new gateway to the major national and international the SIBE), allowing Stock Exchange members the agreements reached with Infobolsa. information components or tools (tickers, national markets, as well as a point of reference for and international markets tables, advanced graphics, computerized reception, transmission and broker-dealing and channelling investments, since it confirmation of orders to be traded on the NetStation. This platform provides real time information on the most relevant national and internatio- calculators, etc. into any webpage. All components real time or delayed user portfolio updates, currency permits simultaneous trading on a large number of continuous market and the traditional floor. It also markets, as well as the direct interaction of investors. features a system for publication and matching of nal variable income, fixed income, derivatives, commodities, money markets, currencies and investment of the webpage in question. and tools inserted do not affect the corporate image deals, as well as real-time information on market prices and trading volume. funds. This service also provides economic and financial information, forecasts and consensus of all equi- 16 17 ties included. In addition, it provides real time news from the most prestigious national and international agencies. The NetStation platform has a powerful built-in professional Technical Analysis tool with more than 40 indicators and oscillators. Web Terminal. This service, aimed at non-professional investors, is based on the new Rich Internet Application concept and supports the latest FLEX technologies that allow the reception of information in real time with the same power and reliability as conventional terminals. Without the need to install any new applications on their computer, the user can receive automatically updated information on the Spanish Continuous Market, the main international indexes, the Spanish futures market (MEFF), the German futures market (Eurex) as well as currencies and news. Web Terminal also features a chart analysis tool and allows user customisation of pages and portfolios. World Integrated Feed (WIF) Data Flow. A digital data flow is available to clients whereby they can receive and process financial information from the national and international markets in either real time, delayed or at close of trading, via a single connection.

Mobile Devices. This service makes it possible to offer everyone real time, recorded or close of trading updates on the main international indexes and los valores que los componen, as well as currencies, news and macroeconomic information, via App avalaible on ios platforms (IPhone and IPad) and Android. Publications Periodical publications: Market Price Bulletin. Includes daily information on prices and trading volume as well as information on securities traded. This is available free of charge, from 22.00 onwards at www.borsabcn.es. Services for the general public and issuers All Departments of the Barcelona Stock Exchange are open to the public to deal with any questions about the stock market and the securities traded on it, as well as any questions brought up by listed corporations. Library The Library consists of a collection of books and journals on financial and economic subjects, including mainly data on national and foreign stock exchanges, corporate finance, security analysis and portfolio management. Annual and audit reports of listed corporations are available to the public in the library. Specialised services for small and medium sized companies Apart from the Second Market for Small and Medium sized Companies the Barcelona Stock Exchange has set up a sertes of complementary services designed to encourage new companies to enter the stock market. These services are as follows: - Publishing of operations carried out on unlisted stocks. - Book keeping under the book entry system, of the accounts record of unlisted stocks. The Investors s Ombudsman The person appointed by the Barcelona Stock Exchange to protect and safeguard the rights and legitimate interests of investors and process any complaints made in relation to the operations carried out on the Barcelona Exchange against the Exchange itself or the Companies and Stockbrokers who are members. Quarterly and Biannual Information. Comprises financial statements and other relevant economic information on listed corporations. It is available at www.borsabcn.es. The Barcelona Stock Exchange Annual Report. Features a complete statistical annex. It is available at www.borsabcn.es. Visits to the Stock Exchange There is a daily service of organized visits which, in 2014, catered for 13,737 visitors, mainly university students and students from high schools. Information Leaflets (free). Fact Sheet 2014 (Spanish, Catalan and English). 18 19

Barcelona Stock Exchange Members Securities Companies Ahorro Corporación Financiera, S.A., S.V. Paseo de Gracia, 74, 1º 1ª 08008 Barcelona Office Phone: 93 366 24 00 Auriga Global Investors, S.V., S.A. Av. Diagonal, 468, 3º C 08006 Barcelona Office Phone: 93 441 37 73 Inverseguros, S.V., S.A.U. Pedro Muñoz Seca, 4 28001 - Madrid Office Phone: 91 426 38 20 Link Securities, S.V., S.A. Rambla Volart, 96, entresuelo 08041 Barcelona Office Phone: 93 401 37 41 Stock E. Phone: 93 401 36 87 Credit Entities Banco Alcalá, S.A. Paseo de Gracia, 7, 4º B 08007 Barcelona Office Phone: 93 521 55 00 Banco Bilbao Vizcaya Argentaria, S.A. Pl. Cataluña, 5 08002 Barcelona Office Phone: 93 404 38 00 Stock E. Phone: 93 401 35 45 Banco Mediolanum, S.A. Av. Diagonal, 668-670 08034 Barcelona Office Phone: 93 253 54 00 Stock E. Phone: 93 401 36 66 BNP Paribas, S.A., Sucursal en España Ribera del Loira, 28, 4ª planta 28042 - Madrid Office Phone: 91 209 50 50 Beka Finance, S.V., S.A. Marqués de Villamagna, 3 28001 - Madrid Office Phone: 91 436 78 00 Mercavalor, S.V., S.A. Marqués de Riscal, 11 A 1º 2ª 28010 - Madrid Office Phone: 91 770 98 70 Banco de Madrid, S.A.U. Paseo de la Castellana, 2 28046 Madrid Office Phone: 902 42 33 33 CaixaBank, S.A. Av. Diagonal, 621-629. Torre 2 08028 Barcelona Office Phone: 93 404 60 00 C.M. Capital Markets Bolsa, S.V., S.A. Av. Josep Tarradellas, 8-10 08029 Barcelona Office Phone: 93 176 94 22 Stock E. Phone: 93 401 35 20 Renta 4, S.A., S.V. Paseo de Gracia, 77, principal 08008 Barcelona Office Phone: 93 304 19 00 Stock E. Phone: 93 401 36 44 Banco de Sabadell, S.A. Príncipe de Vergara, 125 28002 Madrid Office Phone: 91 782 90 00 Deutsche Bank AG, Sucursal en Londres Winchester House, 1. Great Winchester Street London, EC2N 2DB, United Kingdom Office Phone: +44 (20) 75 45 8000 GVC Gaesco Valores, S.V., S.A. Doctor Ferran, 3-5 08034 Barcelona Office Phone: 93 366 27 27 Stock E. Phone: 93 401 36 00 Santander Investment Bolsa, S.V., S.A. Paseo de Gracia, 5 08007 Barcelona Office Phone: 93 520 03 50 Stock E. Phone: 93 401 35 51 Banco Espirito Santo de Investimento, S.A., Sucursal en España Serrano, 88 28006 Madrid Office Phone: 91 400 54 00 Société Générale, Sucursal en España Paseo de Gracia, 54, 4º B 08007 Barcelona Office Phone: 93 272 27 50 Banco Inversis, S.A. Av. Diagonal, 640 20 08017 Barcelona 21 Office Phone: 93 238 48 50

Securities Agencies Eurodeal, A.V., S.A. Av. Diagonal, 640, 6ª planta 08017 Barcelona Office Phone: 93 228 78 00 Stock E. Phone: 93 401 36 48 Gestión de Patrimonios Mobiliarios, A.V., S.A. Rambla de Catalunya, 98, 8º 2ª 08008 Barcelona Office Phone: 93 242 78 62 For any further information, please contact: Departments of Markets and Information and Study, Publications and International Relations Barcelona Stock Exchange Passeig de Gràcia, 19 08007 - Barcelona Tlfs. (34) 93 401 36 84 (34) 93 401 36 68 22 Fax (34) 93 401 36 95 (34) 93 401 36 25 23