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Significant event

CaixaBank hereby reports that it has reached an agreement with SH Findel, S.À R.L. (a company controlled by TPG Sixth Street Partners) to acquire 51% of the share capital of Servihabitat Servicios Inmobiliarios, S.L. for a price of EUR 176.5 million. The transaction is subject to approval of competition authorities.

With this acquisition, CaixaBank will regain control of its real estate assets, allowing for greater flexibility and efficiency in managing and commercializing such assets, in addition to cost reductions.

It is expected that such purchase will have a negative impact of approximately 15 basis points (-0.15%) in the Common Equity Tier 1 fully loaded ratio and approximately EUR -200 million in the 2018 P&L account.

In following years, it is expected that a positive impact of circa EUR 45 million per year will be generated in the P&L account.

June 8th 2018

© Caixabank, S.A., 2018

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CaixaBank SA published this content on 08 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 June 2018 16:17:09 UTC