Madrid, 13 October 2016

SIGNIFICANT EVENT NOTIFICATION TO THE SPANISH NATIONAL SECURITIES MARKET COMMISSION (CNMV)

Regarding certain news appeared on the press today, and further to the Significant Event Notification number 24,796, dated on 16 September 2016, Banco Popular Español, S.A. reports that it is still searching for alternatives to reduce the level of non-performing assets from its balance.

In particular, in relation to the project of creating a Special Purpose Vehicle, it would contain real estate assets belonging to the Bank. Once the necessary authorisations have been obtained, such Special Purpose Vehicle would not consolidate in the Group Banco Popular any longer. As of the date, the Bank has not received any negative indication from any supervisor regarding the mentioned transaction. For this reason, the Bank continues to work in the same line of the alternatives analised until today.

Every relevant progress shall be communicated to the market.

José Heraclio Peña Pérez Vicesecretary of the Board of Directors

Banco Popular Español, S.A. Domicilio Social: Velázquez 34, esq. Goya 35, Madrid. Reg. Mec. de Madrid: T 174, F 44, H 5458, Inscrip. 1ª NIF A-28000727

Banco Popular Español SA published this content on 13 October 2016 and is solely responsible for the information contained herein.
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