Madrid, 22 July 2016

RELEVANT FACT NOTIFICATION TO THE SPANISH NATIONAL SECURITIES MARKET COMMISSION (CNMV)

Concerning the news that has appeared in various media outlets regarding your branch network and staff, Banco Popular Español, S.A. hereby communicates that, following the completion of the capital increase announced on 25 May, the company is in the process of analysing operations for the better attainment of the objectives established that, once complete, will establish the specific activities to be taken in the different areas.

To date, it has not been possible to precisely quantify the possible impacts of said analysis, nor the potential effect on the profit and loss account for this year or subsequent years.

Any definitive agreement taken following the completion of this analysis will be communicated in due course to the market.

Yours faithfully,

José Heraclio Peña Pérez

Vice-Secretary of the Board of Directors

Banco Popular Español, S.A. Registered Office: Velázquez 34, esq. Goya 35, Madrid. Madrid Companies Registry: Vol. 174, Fol. 44, Sheet 5458, 1st Entry Tax

Banco Popular Español SA published this content on 22 July 2016 and is solely responsible for the information contained herein.
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