Banco SabadellFY10 Results

January 27th, 2011

2

Disclaimer

Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business. financial condition. results of operations. strategy. plans and objectives of the Banco Sabadell Group. While these forward looking statements represent our judgement and future expectations concerning the development of our business. a certain number of risks. uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include. but are not limited to. (1) general market. Macroeconomic. governmental. political and regulatory trends. (2) movements in local and international securities markets. currency exchange rate. and interest rates. (3) competitive pressures. (4) technical developments. (5) changes in the financial position or credit worthiness of our customers. obligors and counterparts. These risk factors could adversely affect our business and financial performance published in our past and future filings and reports. including those with the Spanish Securities and Exchange Commission (Comisión Nacional del Mercado de Valores).

Banco Sabadell is not nor can it be held responsible for the usage. valuations. opinions. expectations or decisions which might be adopted by third parties following the publication of this information.

Financial information by business areas is presented according to GAAP as well as internal Banco Sabadell group´s criteria as a result of which each division reflects the true nature of its business. These criteria do not follow any particular regulation and can include forecasts and subjective valuations which could represent substantial differences should another methodology be applied.

The distribution of this presentation in certain jurisdictions may be restricted by law. Recipients of this presentation should inform themselves about and observe such restrictions.

These slides do not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe to any securities nor shall they or any one of them form the basis of or be relied on in connection with any contract or commitment whatsoever.

3

1. 2010 in summary

2. FY10 Results

3. Commercial activity, balance sheet and liquidity

4. Risk management

5. Banco Guipuzcoano integration

6. CREA

Index

4

1. 2010 in summary

5

2010 in summary

Capital ratios improvement

Important commercial GAP generation

Comfortable liquidity position, no reliance on ECB

Net interest margin reflects a higher cost of funding

Sustained growth in the number of customers and deposits

Loan growth

Continued improvement in the new NPL entries trend

High coverage of real estate assets

Good cost management and efficient integration of BancoGuipuzcoano

6

2. FY10 results

7

FY10 results

2009 Var.2010

Net Interest Income 1,600.6 1,459.1 -8.8%Equity Method & Dividends 86.5 87.1 0.7%Commissions 511.2 516.5 1.0%Trading Income & Forex 297.4 262.7 -11.7%Other Operating Results 9.3 5.9 -36.9%Gross Operating Income 2,505.0 2,331.3 -6.9%Personnel Costs -715.3 -679.7 -5.0%Administrative Costs -321.5 -356.3 10.8%Depreciations -142.7 -159.0 11.4%Pre-provisions Income 1,325.5 1,136.3 -14.3%

Total Provisions & Impairments -837.7 -968.1 15.6%Gains on sale of assets 83.6 296.1 -Profit before taxes 571.3 464.3 -18.7%Taxes and others -48.9 -84.3 72.5%Attributable Net Profit 522.5 380.0 -27.3%

8

Well capitalised

Capital ratios evolutionIn %

10.80 11.08 Core capital 2010: 8.20% +54 bp YoY

Tier I capital 2010: 9.36% +26 bp YoY

6.01

0.61

1.163.642.49

1.72

8.206.67 7.66

1.21

1.44

1.70

2007 2008 2009 2010

Core CapitalLower Tier I

Tier II

9.7810.87

9

Net interest margin reflects the higher cost of funding ...

- 8.8 %

Net interest income evolutionEuros in million

1,459.11,600.6

2009 2010

394.6 418.6 402.3 385.2 374.1 391.1 361.2 332.8

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

10

… with impact in the customer spread

Margins evolutionIn percentage

1.80% 1.83% 1.79% 1.85%1.98% 2.06%

1.95%1.86% 1.78% 1.81%

1.65%1.47%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

Net interest margin

2.72% 2.52% 2.31% 2.17% 2.05% 1.91%

5.93% 6.06% 6.28% 6.29% 5.56%4.93%

4.21%3.79% 3.53% 3.49% 3.50% 3.65%

3.13% 3.22% 3.47% 3.48%

1.80%2.80% 2.84% 2.81% 2.81% 2.73%

2.83%

2.21%1.70% 1.48% 1.36% 1.44% 1.59% 1.85%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

Customer spread Customer loan yield Cost of customer funds

11

The cost of new term deposits has declinedCost of new term depositsIn percentage

9,279 8,378 8,086 7,956

New term depositsEuros in million

Stock of term depositsIn percentage

No incluye Banco Guipuzcoano

2,02% 2,17% 2,07% 2,17%

2,61%2,81% 2,84% 2,94% 2,97% 3,07% 3,28% 3,11%

2,80%

1,25% 1,23% 1,22% 1,21% 1,24% 1,26% 1,31% 1,42% 1,41% 1,43% 1,54% 1,53% 1,51%

d-09 e-10 f -10 m-10 a-10 m-10 j-10 j-10 a-10 s-10 o-10 n-10 d-10

Coste depósitos a plazo nueva entrada Euribor 12M

61%

41% 48% 49%

21%45% 34% 30%

18% 14% 18% 21%

1Q10 2Q10 3Q10 4Q10

1-6 months Up to 12 monthsOver 12 months

19%

50%

31%

1-6 months Up to 12 months Over 12 months

12

Commissions show an improvement

Commissions evolutionEuros in million

+ 1.0 %

29.8 34.1 28.6 31.2 31.2 30.7 28.1 32.8

60.6 52.852.1 51.9 54.2 51.8 53.1

60.8

44.4 45.338.1 42.3 43.8 41.6 42.4

45.9

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

123.6 122.8

173.7

219.9217.4

170.1

2009 2010

511.2 516.5

Asset Mgmt1 Services Lending

1 Including mutual funds commissions and pension funds and non-life insurance brokerage

13

Personnel expenses reflect good cost control…

Personnel expenses evolutionEuros in million

158.1 157.2 159.6 153.7 159.9 162.2 162.5 172.6

31.6 23.6 10.6 20.9 1.0 3.22.915.5

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

628.7 657.1

86.6 22.6

2009 2010

715.3 679.7- 5.0 %

Personnel cost control like-for-like (+0,1% YoY)

Recurrent Non-recurrent

14

Administrative costs remain flat like-for-like

Administrative costs evolutionEuros in million

73.7 78.9 80.888.0

76.0 82.0 84.393.5

5.17.6

7.6

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

321.5 336.1

20.3

2009 2010

321.5356.3

Recurrent Sale&Leaseback

+10.8 %

15

The transformation plan has achieved its targets for 2010

Cost reduction measures FTEs* administrative by branch

Accumulated reduction -790 FTE

• The new outsourcing centre has already exceed 160,000 monthly transactions, reaching cost optimization and enabling us to free-up capacity in order to take on new network administrative tasks

• Strengthening the self-service channels and focusing on Internet and mobile phone banking

• Internet based transactions are increasing by 14% and the number of Internet/mobile users has increased by 10%

* FTE= Full Time Equivalents

2.252.00 1.95

1.671.37

1.25

2004 2006 2007 2008 2009 2010

16

Network optimisation continues

Employees and branches evolution In number

Cost /income ratioIn %

11Q10 Sabadell United Bank acquisition2 4T10 Banco Guipuzcoano acquisition

10,777

1

1.467

2

Cost / income ratio excluding non-recurrent costs 4Q10: 45.2%

Branches Employees Excluding BG

45.5%43.1% 41.9% 43.1% 42.1% 42.3% 43.6%

46.2%

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

1,229 1,230 1,223 1,214 1,221 1,223 1,222 1,221

9,668 9,615 9,5599,466

9,8399,746 9,701

9,624

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

17

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

Specific 105.9 148.4 168.5 141.0 228.0 212.2 186.1 124.7Extraordinary charge 0.0 0.0 0.0 0.0 0.0 90.0 46.0 66.0New regulation in loans 0.0 0.0 0.0 0.0 0.0 0.0 -120.0 0.0Substandard 41.9 87.5 258.7 3.4 -54.2 -31.2 -61.9 -30.3Metrovacesa 0.0 46.7 43.4 94.3 0.0 0.0 0.0 76.1Real estate assets 0.3 57.0 67.1 57.2 46.0 209.8 160.9 49.9BCP 0.0 0.0 0.0 210.0 0.0 38.5 0.0 16.2Goodwill and others 1.0 -0.3 9.1 53.5 8.9 5.3 12.2 4.2

Subtotal 149.1 339.2 546.8 559.4 228.6 524.6 223.3 306.8

Generic 0.0 -129.4 -315.5 -311.8 -61.2 1.7 -103.2 -152.6

Total prov. and impair. 149.1 209.8 231.3 247.6 167.4 526.3 120.1 154.2

Important effort in provisions during 2010

Total provisions and impairments evolution and breakdown Euros in million

With a provisions coverage ratio of 57%

€ 837.8m € 968.1m

Metrovacesa NAV: € 21.07

18

3. Commercial activity, balance sheet and liquidity

19

Dec-09 Dec-10 % Var.

Individuals 128,567 200,507 +56%

Companies 24,567 39,611 +61%

Significant success in gaining new customers

Two major campaigns to attract clients

Cuenta Expansión:92,463 new accounts

BS Negocios: 46,585 new accounts

Important growth in the number of customers …

Comparative brand recognition*

BS

* BS compared with the main Spanish financial institutions

0

5

10

15

20

25

S30 S32 S34 S36 S38 S40 S42

20

… maintaining a good level of transactions on the credit side …Mortgages

1.000

2.000

3.000

4.000

5.000

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10

2.000

4.000

6.000

8.000

10.000

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10

2.000

4.000

6.000

8.000

10.000

500

1.000

1.500

2.000

2.500

Loans

Credit lines Working capital financing*

4Q10 4Q10

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

In number of new contracts* Under CreditGlobal product

21

… increasing market shares …

5.10%

6.04%

Dec. 09

Dec. 10

2.74%

2.60%Dec. 09

Dec. 10

5.53%

7.97%

Dec. 09

Dec. 10

+380 bp

+94 bp

ICO Credit

9.33% (incl. BG)

Cards turnover

+14 bp

PoSs turnover

Improved market shares in international trade, an important driver of the Spanish economy recovery

23.33%

21.33%Dec. 09

Dec. 10

+200 bp

Documentary letter of credit, exports

15.73%

15.02%Dec. 09

Dec. 10

Documentary credit of credit, imports

+71 bp

22

7.417.457.387.607.397.01

6.38 6.786.95

6.77 6.61 6.11

2005 2006 2007 2008 2009 2010

Banco Sabadell group Market

0 5 10 15 20

BankinterSantander

Caixa GaliciaDeutsche Bank

Banco GuipuzcoanoCajasurBanesto

Barclays BankCajasol

CCMUnicaja

Caja DueroBanco PastorCaja España

Banco ValenciaCGACanarias

CajasturBBVACAM

IbercajaBanco Santander

Banco PopularCaja Madrid

La CaixaCaixa Catalunya

BBKBancaja

Banco Sabadell

… and a leader in quality of service

Most valuedFewest claims

Renewal of the Global Award of European Excellence

2009 2008

Source: Banco de España, Memoria del servicio de reclamaciones del BdE 2009 and 2008

Source: STIGA, “RCB Análisis de Calidad Objetiva en RedesComerciales Bancarias. Avance trimestral de resultados, 4Q10

Four consecutiive years (2007-2010) increasing the difference vs the system

23

Customer funds growing …

* Excluding repos and including preferent shares and mandatory convertible bonds placed in the retail network.

Customer funds evolutionEuros in million

2009 2010 % Var.% Var.

(ex. BG)

On-balance sheet customer funds* 38,131 49,374 29.5% 16.0%Fix-term deposits 22,150 30,092 35.9% 20.7%

Off-balance sheet funds 18,082 18,834 4.2% -1.2%Mutual funds 9,151 8,853 -3.3% -9.9%Pension funds 2,788 3,016 8.2% -4.2%Third party insurance products 5,380 5,727 6.4% 6.1%

Gross loans to customers ex repos 65,013 73,058 12.4% 0.6%

24

… with strong cross selling …

€ 685.6 million

Significant effort in customer retention following the deposit campaigns

Cross selling4.7 products per client

Gathered during 4Q10

€ 1,051.2 million

Flexible Deposit

Platinum Deposit

€ 416.0 million18 months deposit

• Mass market• Personal banking 7.6 products per client

25

-2,000-1,000

01,0002,0003,000

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

10,000

15,000

20,000

25,000

30,000

35,000

1Q09 2Q09 3Q094Q09 1Q10 2Q10 3Q10 4Q100

2,500

5,000

7,500

10,000

-0.5

1.2 1.3

3.35.1 5.8

7.4 7.6 6.88.1

9.611.8

1.7

… generating a positive commercial gap quarter after quarter …Commercial gapEuros in million

Funding evolutionEuros in million

Wholesale funding

Sight deposits

Fix-term deposits

Mutual Funds (rhs)

2010:€5,895m*

* Including €204m from the commercial GAP generated by Banco Guipuzcoano in December

Accumulated commercial gap evolutionEuros in billion

3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

12.7

26

2.47%

2.59%

2.70% 2.73% 2.69%2.77% 2.74%

2.79% 2.78% 2.78% 2.79% 2.83%2.88%

2.94%

3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

… reflected in the deposits market share …

Deposit market share of other resident sectors1 Including Banco Guipuzcoano

Deposits market share evolutionIn %

3.32%1

27

… and having an impact in the loan to deposits ratio

* Repo transactions not included (neither in loans nor in deposits)

Loan to deposit ratio evolution*In %

Wholesale funding / Total assetsIn %

21%

35%

2007 2010

205%

179%

170%

148%

2007 2008 2009 2010

28

Liquidity position 2009 5,940

Commercial GAP BS change 5,691Real estate portfolio change -596Issues maturity -3,012New issues 2,832Net short term issues change -3,473Increase of available ECB eligible assets 1,107B. Guipuzcoano liquidity contribution 1,223Other 857

Liquidity position 2010 10,570

In a demanding environment we concluded 2010 with a comfortable liquidity position…

We continue to generate positive commercial gap

We issued €2.832m in the wholesale markets in 2010

Euros in million

29

Liquid assets Dec-2010

*Liquidity position = Treasury + liquid assets (ECB eligible)

Primary liquidity lineEuros in million

ECB facility

Liquidity position*

… which is shown in the zero balance with the ECB at year-end

Euros in million

Liquid assets (nominal amount) 12,675Liquid assets (Market value including ECB haircut) 10,386

0

2,000

4,000

6,000

8,000

10,000

12,000

Dec-20

05

Mar-20

06

Jun-2

006

Sep-20

06

Dec-20

06

Mar-20

07

Jun-2

007

Sep-20

07

Dec-20

07

Mar-20

08

Jun-2

008

Sep-20

08

Dec-20

08

Mar-20

09

Jun-2

009

Sep-20

09

Dec-20

09

Mar-20

10

Jun-2

010

Sep-20

10

Dec-20

10

30

Repo's 7.94% Client Commercial Paper 1.03%

Wholesale 26.44%

Preferred Shares 0.97%

Deposits 63.61%

Covered bonds

58.34%

Securitization 9.41%

Preference shares 0.79%

ECP 10.40%

Subordinated debt 5.97%

Senior debt 15.09%

2.50%

1.58%2.01%

1.01%0.89%1.10%0.75% 0.70% 0.63% 0.76%

1.48%1.28%1.48%

1.83%

2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

BS has a balanced funding structure …Funding structureIn percentage

Wholesale market breakdownIn percentage

Issuing capacity Euros in million

Wholesale funding cost evolutionIn percentage

Wholesale funding cost

Euribor 3m

*

* BS has not used the State guarantee

CH issuing capacity 2,638CT issuing capacity 842State backed guarantees available 5,601

3030

31

1,4422,3072,8804,6884,914

75%78%56%

149%

100%

4Q09 1Q10 2Q10 3Q10 4Q10

Outstanding amount commerciapaper + ECP (excl. BG)% renewal

1,60

963 0

1,60

01,

289

900

1,46

248

080

1,50

00 0

1,00

00 0

250

01,

500

0 01,

875

1,13

70 50

1500

300

200

0 0 1317

010

0

0

500

1,000

1,500

2,000

1Q11

3Q11

1Q12

3Q12

1Q13

3Q13

1Q14

3Q14

1Q15

3Q15

1Q16

3Q16

1Q17

3Q17

1Q18

3Q18

… with a comfortable maturity calendar

Wholesale funding maturity calendar Including Banco Guipuzcoano. Euros in million

Maturity by product type Euros in million

Short term funding Euros in million and percentage

Matured

BS BG BS BG BS BG BS BGCovered bonds (CH) 1,800 1,739 1,580 7,220 500Public sector covered bonds (CT)Senior debt 1,047 400 1,732 50 25Asset backed guarantees 400Subordinated, preference and convertible bonds 1,371 125Other mid- and long-term financial instruments 230 92

2011 2012 2013 >2013

32

4. Risk management

33

NPL ratio below the system average …

1%

2%

3%

4%

5%

6%

7%

8%

9%

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 1009

BS NPL ratioSystem NPL ratio

1

1 November data

Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10

BS NPL ratio 2.82% 3.19% 3.47% 3.73% 4.09% 4.38% 4.72% 5.01%

System NPL ratio 4.27% 4.60% 4.86% 5.08% 5.33% 5.35% 5.49% 5.68%

34

… with new entries in a downward trend

Entries and recoveriesEuros in million

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10

Entries 806.7 788.3 709.0 671.8 670.9 647.7 650.7 623.5

Other provisioned loans entries 0.0 35.4 41.0 63.9 349.7 256.4 382.0 362.1

Recoveries -480.1 -532.9 -531.9 -489.4 -578.9 -591.6 -617.3 -728.3

Write-offs -1.7 -25.4 -9.2 -31.2 -183.3 -93.1 -201.3 -30.5

Quarterly change on NPLs 324.8 265.4 208.9 215.1 258.4 219.4 214.1 226.8

NPLs from B. Guipuzcoano 442.8

Total 669.6

35

Total Normal Substan- dard NPL NPL

ratio*Companies 52,999 46,810 2,928 3,260 5.53%

Real Estate development and/or RE construction purposes 10,170 6,451 2,174 1,543 15.31%Construction purposes, not related to real estate development 928 783 1 145 7.16%Other purposes 41,901 39,576 753 1,572 3.34%

Large corporates 14,706 14,091 292 323 1.77%SME, small retailers and self-employed 27,195 25,485 461 1,249 4.36%

Individuals 18,751 18,087 1 661 3.49%1st mortgage guarantee assets 16,396 15,888 1 507 3.09%Other real guarantees assets 474 468 0 5 0.99%Other 1,881 1,732 0 149 7.21%

Subtotal gross loans to customers 71,750 64,897 2,929 3,921 5.01%Other gross loans to customers 1 1,307 22

Total gross loans to customers 73,057

Credit exposure and NPLsaccording by purpose

*Includes off-balance sheet items1Includes caption 4: public entities; caption 8:other assets and deferral adjustments.

Euros in million

36

Total 10,170

No mortgage guarantee 642Mortgage guarantee 9,528

Finished buildings 3,765Housing 3,633Other 132

Buildings under development 1,248Housing 1,133Other 115

Land 3,043Developed land 2,741Rest of land 302

Financing real estate developers with mortgage guarantees 1,472

Breakdown of credit exposure for real estate development and/or RE construction purposes

37

The coverage of real estate assets increases to 31%

Focus on building up a real estate coverage buffer which currently stands at 31%

Coverage evolutionEuros in million

Transactions by type Euros in million

Repossessions Banco Guipuzcoano

Sales

2009 2010

Gross portfolio 1,786 2,880

Total fund 248 888

Net portfolio 1,538 1,992

Coverage 14% 31%

138.3

414.3

92.7 178.5

498.0

-89.7 -96.1-29.8-12.3

1T10 2T10 3T10 4T10

38

26%

31%

Peer Group Banc Sabadell0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

Real estate over total loans In %

Coverage of real estate assets In %

Source: Bank of Spain and annual reports

The weight of the real estate portfolio is below the sector average

Sav. banks System BanksBS

5,06%

3,93%

2,93%

2,77%

39

Real estate portfolio breakdown

Breakdown of real estate assets by origin: asset swaps, mortgagerepossessions and others Euros in million

Gross value Coverage (in %)

Net book value

Real estate assets from financing addressed toconstruction and RE development companies 2.571 774 30% 1.797

Finished buildings 594 126 21% 468Housing 379 90 24% 289Other 215 36 17% 179

Buildings in construction 244 61 25% 183Housing 106 34 32% 72Other 138 27 20% 111

Land 1.733 587 34% 1.146Land under development 695 219 32% 476Building land 1.038 368 35% 670Other 0 0 - -

Real estate assets from mortgages for house acquisition 293 104 35% 189Other repossessed real estate assets 16 10 64% 6

Real estate portfolio 2.880 888 31% 1.992

40

Amount % Fund Coverage

Gross loans to customers ex repos 73,058Of which:

NPLs 4,074 5.6% 1,370 33.6%Substandard 3,028 4.1% 511 16.9%

Acquired and repossessed RE assets 2,880 3.9% 888 30.8%Write-offs 680 0.9% 680 100.0%Potentially problematic exposure 10,662 14.6% 3,449 32.3%

Pro memoria:10,662 424 36.3%

Global coverage ratio 4,074 2,305 56.6%

% Coverage including generic provision

Coverage breakdown as per Bank of Spain’s Financial Stability Report

Total lending Euros in million and percentage

41

5. Banco Guipuzcoanointegration

42

Goodwill resulting from the incorporation of Banco Guipuzcoano

626

288

326

12

GuipuzcoanoEquity

Sharesexchanged

Convertiblebonds

exchanged

Initialdifference

(capitalgeneration)

-12

238 226

Initial difference Provisions fromconsolidation

Final Goodwill

Capital generationEuros in million

Goodwill calculationEuros in million

As a result of the consolidation of Banco Guipuzcoano gross provisions of €340m (credit, real estate and others) have been recognized. The impact net of taxes is €238m.

43

2010

Closing

16-25/11

• Implementation of the “squeeze out”

• Corporate governance adjustments in BG

• Change of Control

• Commercial coordination BG/BS

• Boosting commercial platform at BG

• Liquidity management integration

9/4

2011

“Big Bang” IT integration

• Integration IT/OPS

• Network streamlining and commercial approach rest of areas

• New brand implementation

• Merger of commercial management and risk control

• Corporate center plan

• Business integration (real estate, insurance, asset management)

2012

Streamlining of branches

Enero

New reporting lines presented

BG’s integration will be done via “Big Bang” in April

44

Early retirements

Euros in million

IT costs & others

Restructuring costs amount to € 113 million

2010 2011e 2012e TOTAL

TOTAL

12 54 9 75

34 4 38

88 13 11312

45

Cost synergies breakdown

79% of synergies will be achieved by 2011; payback in 24 months

Synergies breakdownEuros in million

Achievement by

Administrativeexpenses

Personnel

2011E 2012E

19 26

24 29

43 55

46

6. CREA (2011-2013)A plan based in 2010 commercial success

47

CREA Plan (2011-2013)

CrecimientoRentabilidad

AmbiciónEficiencia

Growth

Profitability

Efficiency

Ambition

48

Domestic market

+

International business

Net interest margin

management

New clients and market share gains

Cost and efficiency

Sabadell““Profitable growth”

Perfect integration of Banco Guipuzcoano

CREA Plan (2011-2013)Liquidy

Solv

ency

1 2

• Diversification balance sheet / risks

• Development of Project America

• Improvement of positioning of international business

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Increasing individual customers by 1,000,000 and companies by 160,000

Productivity improvement of 33%, increasing customers per branch to 2,400

Increasing market share to 4.9% in individuals and 24% in companies

Annual growth of 5% in loans and 10% in customer funds

Plan CREA (2011-2013)Objectives

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InvitationBanco Sabadell cordially invites you to attend its Investor Day on February 16th. The Management Team will present Banco Sabadell's strategic business plan 2011-2013, Plan CREA.

WHERE: LondonWHEN: 16th February 2011

SPEAKERSJosep Oliu, Chairman and CEOJaume Guardiola, Consejero DelegadoTomás Varela, CFO

Agenda:8.00 a.m. – 8.15 a.m. Registration8.15 a.m. – 9.45 a.m. Management presentations9.45 a.m. – 10.30 a.m. Q&A10.30 a.m. – 11.00 a.m. Closing remarks

Venue: Clothworkers' Hall (map and address of the venue attached)

Please confirm your attendance to the Banco Sabadell Investor Relations department before February 1st.

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Banco Sabadell Investor Relations. C/Sena 12, Sant Cugat del Vallés, Barcelona (Spain).investorrelations@bancsabadell.com ℡ + (34) 93 728 1200

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