29th April 2010

1Q10 Results

Banco Sabadell

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

Agenda

1. 1Q10 Results

2. Commercial activity and liquidity

3. Risk management

4

Quarterly results

Euros in millions

Mar-09 Mar-10 10/09 (%)

Net Interest Income 394.6 374.1 -5.2%Equity Method & Dividends 17.3 20.1 16.3%Commissions 134.9 129.3 -4.1%Trading Income & Forex 29.2 36.0 23.3%Other Operating Results 2.6 2.6 3.2%Gross Operating Income 578.5 562.2 -2.8%Personnel Costs -189.7 -160.9 -15.2%Administrative Costs -73.7 -76.0 3.0%Depreciations -33.8 -38.4 13.7%Pre-provisions Income 281.3 286.9 2.0%

Total Provisions & Impairments -149.0 -167.4 12.3%Profit before taxes and asset sales 132.2 119.4 -9.7%Discontinued transactions results 30.5 4.1 -86.7%Taxes and others -0.7 -15.1 --Attributable Net Profit 162.1 108.4 -33.1%

5

6.60

1.341.47

2.311.65

7.70

1Q09 1Q10

BIS ratio (%)

Lower Tier I

Core Capital

Tier II

10.2410.82

Strong capital position

6

Continued effort on improving the capital position (I)

ASSETS

PRICE

ACQUIRER

YIELD

Moor Park Capital Partners LLP

€ 403 m6.65%

GROSS GAPITAL GAINS € 265 mCLOSING OF DEAL 2Q10

378 properties in Spain

6.60

7.707.70

6.63

7.66 7.70

0.30

1Q09 2Q09 3Q09 4Q09 1Q10 1Q10proforma

Core capital (%)

Capital gains from the Sale and Leaseback transaction are equivalent to 30 bps of core capital

7

6.60

7.707.70

6.63

7.66 7.70

0.11

1Q09 2Q09 3Q09 4Q09 1Q10 1Q10proforma

EXCHANGED SUBORDINATED BOND

EXCHANGED PREFERRED SECURITIES € 193.9 m€ 283.4m

€ 500 m at 6.25% GROSS CAPITAL GAIN € 89 m

Core capital (%)

Continued effort on improving the capital position (II)

NEW SUBORDINATED BOND

Capital gains from the debt exchange offer are equivalent to 11 bps of core capital

8

374.1394.6

1Q09 1Q10

- 5.2 %

Euros in millions

394.6 374.1

1Q09 2Q09 3Q09 4Q09 1Q10

394.6 418.6 402.3 385.2 374.1

Margin evolution reflecting the interest rate environment

Mar-10NII 374.1

Dividends 0.2

Equity Method 19.9

Commissions 129.3

Trading income 24.9

Forex 11.1

Other op. results 2.6

Gross Op. Income 562.2

Personnel exp. -160.9

Administration exp. -76.0

Deprec. & amort. -38.4

Pre-provis.Op.Income 286.9

Prov. for NPLs and others -167.4

Gains on sale of assets 4.1

Taxes and minority int. -15.1

Disc. transactions 0.0Attr. Net Profit 108.4

9

2.73%2.81%2.80%2.84% 2.81%

2.72% 2.52% 2.31%2.17%

3.79%

5.56%

6.28%5.93% 6.06% 6.29%

4.93%

4.21%

3.53%

2.83%3.47%

3.13%

2.21%

3.22%3.48%

1.70% 1.48% 1.36%

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

1.78%1.86%1.80% 1.83% 1.79% 1.85%

1.98%2.06%

1.95%

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

Net Interest Margin

Customer loan yield

Cost of customerfunds

Customer spread

Margin pressure is contained

10

29.8

60.6

28.634.1 31.2 31.2

52.8 51.952.1 54.2

44.438.1

45.3 43.842.3

1Q09 2Q09 3Q09 4Q09 1Q10

29.8

60.6

43.8

31.2

54.2

44.4

1Q09 1Q10

134.9 - 4.1%129.3

AssetMgmt1

Services

Lending

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

AssetMgmt1

Services

Lending

134.9 132.2 118.7 125.3 129.3

Positive start to the year in commissions

Mar-10

NII 374.1

Dividends 0.2

Equity Method 19.9Commissions 129.3

Trading income 24.9

Forex 11.1

Other op. results 2.6

Gross Op. Income 562.2

Personnel exp. -160.9

Administration exp. -76.0

Deprec. & amort. -38.4

Pre-provis.Op.Income 286.9

Prov. for NPLs and others -167.4

Gains on sale of assets 4.1

Taxes and minority int. -15.1

Disc. transactions 0.0Attr. Net Profit 108.4

11

158.1 157.2 159.6 153.7 159.9

31.61.020.923.6 10.6

1Q09 2Q09 3Q09 4Q09 1Q10

159.9158.1

31.61.0

1Q09 1Q10

189.7160.9

+ 1.1%

Recurrent Non-recurrent

- 15.2%

189.7 180.8

- 1.0%Like-for-like

170.2 174.6 160.9

Operating income sustained by excellent cost control

Personnel expenses

Euros in millions

Mar-10

NII 374.1

Dividends 0.2

Equity Method 19.9

Commissions 129.3

Trading income 24.9

Forex 11.1

Other op. results 2.6

Gross Op. Income 562.2Personnel exp. -160.9

Administration exp. -76.0

Deprec. & amort. -38.4

Pre-provis.Op.Income 286.9

Prov. for NPLs and others -167.4

Gains on sale of assets 4.1

Taxes and minority int. -15.1

Disc. transactions 0.0Attr. Net Profit 108.4

12

Administrative costs are under control

78.9 76.088.080.873.7

1Q09 2Q09 3Q09 4Q09 1Q10

73.7 76.0

1Q09 1Q10

73.7 76.0

+ 3.0%

0.0%Like-for-like

Euros in millions

Mar-10

NII 374.1

Dividends 0.2

Equity Method 19.9

Commissions 129.3

Trading income 24.9

Forex 11.1

Other op. results 2.6

Gross Op. Income 562.2

Personnel exp. -160.9Administration exp. -76.0

Deprec. & amort. -38.4

Pre-provis.Op.Income 286.9

Prov. for NPLs and others -167.4

Gains on sale of assets 4.1

Taxes and minority int. -15.1

Disc. transactions 0.0Attr. Net Profit 108.4

13

The transformation plan continues to move forward …

FTEs* administrative by branch

Accumulated reduction -693 FTE

The operating efficiency program continues to reduce back office time at the branch level

*FTE= Full Time Equivalents

Cost reduction measures

2.252.00 1.95

1.67

1.37 1.34 1.25

2004 2006 2007 2008 2009 1Q10 2010P

Cost optimization through the creation of an off-shore centre, reducing the administrative work load at the branch level

Strengthening the self-service channels and focusing on telebanking

14

9,4669,6159,668 9,559

9,839

9,487

1Q09 2Q09 3Q09 4Q09 1Q10

Number of branchesNumber of employees

1,221

1,2231,229 1,2301,214 1,206

1Q09 2Q09 3Q09 4Q09 1Q10

… with a positive impact on efficiency

* Excluding Sabadell United

*

*

15Euros in millions

Total provisions and impairments

Significant efforts on provisions

Solid coverage ratio of 61.9% Including the guarantees the coverage ratio would be 117.8%

1Q09 2Q09 3Q09 4Q09 1Q10

Specific 105.9 148.4 168.5 141.0 228.0 of which: NPLs entry 11.0 16.2 14.5 4.1 50.5 Calendar effect 80.8 121.7 155.2 174.8 164.6Substandard 41.9 87.5 258.7 3.4 -54.2Metrovacesa 0.0 46.7 43.4 94.3 0.0Real estate assets 0.3 57.0 67.1 57.2 45.3BCP 0.0 0.0 0.0 210.0 0.0Goodwill and others 1.0 -0.3 9.1 53.5 9.6

Subtotal 149.1 339.2 546.8 559.4 228.6

Generic 0.0 -129.4 -315.5 -311.8 -61.2

Total prov. and impair. 149.1 209.8 231.3 247.6 167.4

16

Agenda

1. 1Q10 Results

2. Commercial activity and liquidity

3. Risk management

17

Loans to customers 64,185 64,960+4.4%

On-balance sheet customer funds* 36,191 39,328 +8.7%

Mar-09 Mar-10 Var.

Fix-term deposits 22,117 22,675 +2.5%

+1.2%

Loans to customers excluding real estate

500

700

900

1,100

1,300

1,500

1,700

1,900

1Q 2Q 3Q 4Q1,250

1,750

2,250

2,750

3,250

3,750

1Q 2Q 3Q 4Q

2009

2009

Loans (number of contracts) Mortgages (number of contracts)

The commercial activity shows a continued positive trend

2010

2010

* Excluding repos and including preference shares placed in the retail network and convertible bond issue. Euros in millions

18

Emisiones en mercados de capitales (no incluye las titulizaciones)Successful new client acquisitions

13,281 newaccounts

25,145 newaccounts

Significant success in gaining new customers:

Two major campaigns to attract clients:

50,133 11,674 Individuals Companies

19

Improving market share in mutual funds

1. Including Real Estate Investment Trusts and Securities Mutual Funds. Source: Inverco.2. Banco Sabadell market share refers to AuM managed by BanSabadell Inversión excluding SICAV´s.

Mutual funds AuM for the sector1

(euros in billions)

In 1Q10, AuM sector outflows have been € -2.95 billion (1.75%).

In this context, Banco Sabadell has managed to increase its market share

Market shares2

175.1

168.1166.7

169.0 169.7166.8

dec-08 mar-09 jun-09 sep-09 dec-09 mar-10

Market shareMar-10

Mar-10/Dec-09

Entity 1 19.04% -31Entity 2 18.00% -19Entity 3 8,41% 28Entity 4 4.53% 2Entity 5 4.48% -18Entity 6 4.17% -6Banco Sabadell 3.94% 3Entity 8 2.98% -9

bp

20

FINANCIACIÓN

Emisiones en mercados de capitales (no incluye las titulizaciones)

Liquidity: A well-balanced maturity calendar

1,79

01,

005

301,

209

50 01,

630

1,28

990

028

020

080

1,50

050

00

1,00

00 0

200

01,

500

0 01,

750

1,42

00 50

300

200

0 0 1317

0

1,50

0

0

500

1,000

1,500

2,0002Q

10

4Q10

2Q11

4Q11

2Q12

4Q12

2Q13

4Q13

2Q14

4Q14

2Q15

4Q15

2Q16

4Q16

2Q17

4Q17

2Q18

€ m

-1,000

0

1,000

2,000

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

€ m

Positive commercial gap

Wholesale funding maturity calendar

21

Service quality

7.917.907.838.037.827.44

6.797.20 7.37 7.19 7.03

6.59

2005 2006 2007 2008 2009 1T10

Banco Sabadell group Market

Ranking in service quality 1

The only Spanish financial institution with a global ISO

9001 quality certificate

Renewal of the Global Award of

European Excellence

Ranking in retail banking network independent quality surveys 2

Source: 1 Bank of Spain, 4Q08 Bulletin 2 STIGA, “RCB Objective Quality in Retail Banking Networks” 1Q10

22

Agenda

1. 1Q10 Results

2. Commercial activity and liquidity

3. Risk management

23

02468

10

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 Mar-10System NPLs BS NPLs

*

Source: Bank of Spain * Banco Sabadell estimates

Continued NPL gap versus the rest of the sector

NPL ratio

Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10

NPL ratio BS 2.35% 2.82% 3.19% 3.47% 3.73% 4.09%

NPL ratio system 3.37% 4.27% 4.60% 4.86% 5.08% 5.44%

GAP (bp) 102 145 141 139 135 135

24

709.0806.7

625.4748.5 788.3

671.8 670.9

531.9480.1

35.1

489.4

223.1

532.9 578.9

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

Net new entries in line with forecast

Evolution of entries and recoveries

Entries

Recoveries

Euros in millions

1Q09 2Q09 3Q09 4Q09 1Q10

Entries 806.7 788.3 709.0 671.8 670.9

Other provisioned loans entries 0.0 35.4 41.0 63.9 349.7

Recoveries -480.1 -532.9 -531.9 -489.4 -578.9

Write-offs -1.7 -25.4 -9.2 -31.2 -183.3

Quarterly change on NPLs 324.8 265.4 208.9 215.1 258.4

25

NPL by segments

mar-09 jun-09 sep-09 dic-09 mar-10

Companies 2,54% 2,89% 2,97% 2,85% 2,63%

SME 2,18% 2,77% 3,12% 3,07% 3,20%

Small retailers and self-employed 2,42% 2,93% 3,59% 3,93% 3,96%

Real estate development 7,34% 7,73% 8,05% 9,33% 12,60%

Mortgages to individuals 1,48% 1,69% 1,99% 1,95% 2,11%

Individual others 4,24% 4,91% 5,53% 5,43% 5,46%

Total 2,82% 3,19% 3,47% 3,73% 4,09%

26

0

50

100

150

200

250

300

350

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10-20

0

20

40

60

80

100

NPL by segments

Quarterly change of the NPL ratios by segment

Individuals

TOTAL

SMEs

Real estate (LHS)

27

931 1,025 1.1121,025

Dic-08 Jun-09 01/12/yy

-68

872 1,216 1,313 1,468 1,498

-59 -59-129

-193

-43

250460

617

Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10

714

-244

-84

1,112

1,566

-288

1,112

-95

837

Solvia. Real estate assets

Accumulated portfolio evolution

Euros in millions

Acquisition

Repossession

SalesProvisions

Significant real estate provisioning effort has continued

28

Land under development

47%

Finished property

12%

Real Estate under

development7%

Land34%

Other5%

Industrial12%

Residential73%

Tertiary10%

Madrid & Metropolitan area

22%

Barcelona & Metropolitan area

40%

Rest38%

Solvia. Real estate assets

Assets by type Geographic distributionAssets by use

29

0%

2%

4%

6%

8%

10%

12%

14%

16%

3% 5% 7% 9% 11% 13% 15% 17% 19% 21%

Coverage ratios of real estate portfolios

Saving banksBanksAverage

Wei

ght

Coverage ratio

Banco Sabadell has a relatively high coverage ratio compared to the rest of the Spanish system

Banco Sabadell

30

Real Estate in Spain

New property transactions: absolute numbers and quarterly changes

Source: Ministerio de Vivienda and Banco Sabadell

49,80654,227

46,25051,166

1Q09 2Q09 3Q09 4Q09

Spain

9121,059 1,096

1,672

1Q09 2Q09 3Q09 4Q09

Changes versus 1T09

3%

-7%

9%

+9%-15%

+11%

+16% +3%

+53%

Changes versus 1T09

84%21%16%

31

281321 310

332 331

535

January February M arch2009 2010

535

331332

451

768

453

338

210

548

406

347306310321

281

Jan-09

Feb-09

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

Jan-10

Feb-10

Mar-10

Real Estate. Sales

% price discount

304353

366

557

399

Units sold QoQ average Subrogation success

+18%+3%

+73%

76%66%61%62%65%59%58%59%61%56%

44%50%

39%43%31%

26%

32

Softened net interest income decline

Improvement in commissions

Excellent cost management: Consolidation of Optima plan

Net NPL entries in line with expectations

Sustained high level of coverage ratio

Strong capital and solvency ratios, strengthened by recentSale&Lease back and debt exchange transactions

Renewed level of activity in mortgages

1Q10 in summary

33

El valor de la confianza