Banco Sabadell1Q13 Results

April 25th, 2013

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 BancoSabadell 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 BancoSabadell 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. 1Q13 in summary and commercial highlights

2. 1Q13 Results

3. Commercial activity and liquidity

4. Risk and capital management

5. Managing real estate assets

6. Update on M&A activity

Index

22

4

1. 1Q13 in summary

33

5

1Q13 in summary

�Good income generation in a low interest rate environment

�Cost control and delivery of synergies

�Strong coverage levels with problematic assets growing at a slower pace

� Intensified commercial efforts to sell real estate properties are showing results and units sales are up by 26% YoY

�Comfortable capital position even including recent acquisitions. No market capital call in the pipeline

44

6

Commercial highlights

�Remarkable success in customer gathering, now with main focus on customer value

�Strong deposit growth and positive impact from flight-to-quality, reflected in our new marketing campaign

�Commissions from the old Banco CAM network showing a faster growth than that of Sabadell, closing the gap with the rest of the group

�Significant increase in market shares with emphasis on SMEs and corporates

55

7

2. 1Q13 Results

66

1Q13 Results

Euros in million

8

Mar. 12 Mar. 13% var 13/12

Net Interest Income 407.3 451.2 10.8%

Equity Method & Dividends 5.6 -6.3 ---Commissions 133.5 168.4 26.1%Trading Income & Forex 161.4 292.7 81.4%Other Operating Results -15.6 -26.3 69.4%Gross Operating Income 692.2 879.8 27.1%

Personnel Costs -188.0 -260.3 38.5%Administrative Costs -94.2 -147.1 56.2%Depreciations -32.0 -50.4 57.2%Pre-provisions Income 378.1 422.0 11.6%

Total Provisions & Impairments -293.4 -325.0 10.7%Gains on sale of assets 28.0 -2.5 -108.9%Badwill ---Profit before taxes 112.6 94.6 -16.0%Taxes and others -32.6 -43.5 33.4%

Attributable Net Profit 80.0 51.1 -36.1%

77

1Q12 2Q12 3Q12 4Q12 1Q13

Lower NII growth …

Net interest income 1Q13:+10.8% YoY

407.3447.0

526.4487.3

451.2

9

Net interest income evolutionEuros in million

88

... in a low interest rate environment …

Customer loan yield, cost of customer funds and Eur ibor 12 monthsIn percentage

10

2.21%

1.59%1.44%1.36%1.70%

2.83%

1.48%2.03%2.00%2.12%2.11%2.06%2.00%1.97%1.85%

2.19%2.09%

5.56%4.93%

4.21%3.79%

3.53% 3.49% 3.50% 3.65% 3.86% 3.99%4.12% 4.22% 4.28% 4.16%

4.04% 4.02% 3.94%

1.91%1.61%

1.26% 1.24% 1.22% 1.28% 1.42% 1.53%1.92% 2.14% 2.07% 2.00%

1.50%1.22%

0.74% 0.54%0.55%

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13

* Monthly average

Customer loan yields holding up well despite lower interest rates

Euribor 12 months*Cost of customer fundsCustomer loan yield

99

11

… and customer spreads reaching an inflection point

Margin evolutionIn percentage

Spread evolution on new contractsIn percentage

Customer spread between new contracts on loans and deposits (excluding sight deposits)Net interest margin Customer spread

Spreads for new production have increased significantly

1.26%

0.85%

1.31%

1.96%2.00%

1Q12 2Q12 3Q12 4Q12 1Q13

1.61%1.42%

1.28% 1.21% 1.14%

2.16% 2.16%2.01%

1.93%1.75%

1Q12 2Q12 3Q12 4Q12 1Q13

Highest levelsince January2012

1010

Active price management

Spreads are improving in all segments of the loan book

Credit portfolio spreadsBasis points

12

*Product Mar-12 Dec-12 Mar-13 Var QoQ Var YoY Mar-12 Dec-12 Mar-13 Var QoQ Var YoY

Credits 363 410 417 +7 +54 279 366 395 +29 +116Loans 278 385 364 -21 +86 216 225 234 +9 +18Mortgages to individuals 146 179 174 -5 +28 83 86 87 +1 +4Leasing 226 249 338 +89 +112 125 139 144 +5 +19Renting 525 701 751 +50 +226 345 417 447 +30 +102Commercial loans 368 485 469 -16 +101 404 502 491 -11 +87Confirming 270 397 412 +15 +142 280 375 398 +23 +118Forfaiting 349 496 521 +25 +172 382 526 567 +41 +185Total loans 287 374 353 -21 +66 182 177 182 +5 +0

Front book spreads Back book spreads

* March 2012, Banco Sabadell stand alone

*

1111

13

Contractual rates on depositsIn percentage

New deposits have already seen a reduction in interest rates

New deposits by maturitiesSplit of maturities, in percentage

The cost of new deposits has been reduced while the term has been extended

Stock New production

3.32% 3.26%3.35%

3.58%

3.36%

2.80%

2.50%

3.06%

3.39%

2.16%

1Q12 2Q12 3Q12 4Q12 1Q13

1212

22% 25%15% 11% 15%

16% 13%

9%7%

9%

14% 19%

16%

11%8%

16%

6%19%

52%

53%

56%36%43%

4% 3%

1Q12 2Q12 3Q12 4Q12 1Q13

Up to 3 months From 3 to 6 monthsFrom 6 to 12 months From 12 to 18 monthsAbove 18 months

Good performance in commissions …

26.1 24.8 25.2 26.6

47.5 48.2 55.8 54.7

59.973.6

83.694.0

25,9

52,4

90,1

8.7

1Q12 2Q12 3Q12 4Q12 1Q13

Asset Mgmt ServicesLending

Commission income 1Q13:+26.1% YoY

Commissions from fixed income issues

168.4

133.5

155.3164.6

175.3

14

Commissions evolutionEuros in million

1 Including mutual funds commissions and pension funds and non-life insurance brokerage1313

15

7,6087,8728,012

9,230

Original BS network Original B. CAM network

1T12 1T13

15,923

8,922

16,841

11,906

Original BS network Original B. CAM network

1T12 1T13

… showing convergence of the old B.CAM network and the rest of the group

Net commissions: credit cardsEuros in thousand

Net commissions: current accountsEuros in thousand

+5.8%

+5.3%+33.4%

+17.2%

Commissions from the old Banco CAM network showing a faster growth

1414

16

Personnel expenses are reduced as synergies are delivered …

182.2221.5

292.2 281.2258.4

5.8

5.8

2.0

1.95.9

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13eRecurrent Non-recurrent

Personnel expenses 1Q13:+38.5% YoY

188.0 Recurrent personnel expenses1Q13*:

-13% YoY

227.2

* Including Banco CAM in 2012 and excluding non-recurrent expenses.

294.2 287.1260.3

250

Delivery of synergies

Personnel expenses evolutionEuros in million

1515

17

93.8113.1

151.9 153.1 147.1

1.9

0.9

0.4

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13e

… as well as in general expenses on a like-for-like basis

General expenses 1Q13:+56.2% YoY

Non-recurrent

94.2 Recurrent general Expenses 1Q13*:

-5,8% YoY

115.1

Recurrent

154.0151.9

147.1

135

Delivery ofsynergies

General expenses evolutionEuros in million

* Including Banco CAM in 2012 and excluding non-recurrent expenses. 1616

18

Dec-12 Mar-13 Jun-13e Sep-13e Dec-13e

Revised plan Level of achieved synergies

41% of synergies already achieved

� Achievement of synergies is ahead of plan

84%

38%

41%

� 96% of the branch closures required by the European Commission and 99% of the planned headcount reduction have been achieved

� In addition, another 21 branches will be closed during 2013 and the headcount will be reduced by another 23 employees

Level of achievementIn percentage

1717

19

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13

49.7%47.0%

49.7%51.1%

45.7%

40.8%

47.6%47.3% 46.3%

Mar. 11 Jun. 11 Sep. 11 Dec. 11 Mar. 12 Jun. 12 Sep.12 Dec. 12 Mar. 13

Optimising the network

1,467

10,721 10,610

1,379

10,699

1,387

Lydian P. Bank

Acquisition

1,383

10,675 10,550

1,382

2,202

16,754

Banco CAMAcquisition

16,413

2,204

1,898

15,59614,957

1,889

Employee and branch evolutionIn number

Cost income evolutionin %

Branches Employees

1818

20

3. Commercial activity and liquidity

1919

21

Remarkable success in customer gathering

Growing the customer base …

8,800 new customers per

week

The main driver is customer value, particularly in the old B. CAM network

Jan.13 Feb. 13 Mar. 13 1Q13

Individuals 28,144 30,028 32,536 90,708

Companies 7,658 8,438 8,236 24,332

% Var.Total 0.3%

Dec. 12 Mar. 135,502,584 5,517,110

Evolution of total number of customers

2020

22

… the old B. CAM network converging with the rest of the group …

Cuenta Expansión: 80,554 new accounts in 1Q13

Cuenta Expansión Negocios: 33,612 new accounts in 1Q13

48,525

80,554

32,029

Original BSnetwork

Original B. CAMnetwork

Total newaccounts

27,006

6,606

33,612

Original BSnetwork

Original B. CAMnetwork

Total newaccounts

New accounts Var. (%)

Total accounts

Original BS network 48,525 12.8% 428,720

Original B. CAM network 32,029 107.5% 61,832

Total 80,554 19.6% 490,552

New accounts Var. (%)

Total accounts

Original BS network 27,006 16.3% 192,236

Original B. CAM network 6,606 108.5% 12,694

Total 33,612 19.6% 204,930

2121

… with strong growth in customer funds, even in a low interest rate environment

53 ,4 4 6

75,4 2 0 75,0 58 8 0 ,1798 2 ,6 9 2

M ar-12 Jun-12 Sep-12 Dec-12 M ar-13

Organic growth:

€8.3bn Non-organic growth:

€20.9bn

Positive impact from flight-to-quality, reflected in our new

marketing campaign

23

Customer funds evolutionEuros in million

Organic growth: c.16%

2222

24

3.94%Feb. 12

Feb. 13

5.39%Nov.12

Mar.13

+37 pbs

Gaining market share both in individuals …

5.55%Dec. 11

Dec. 12

+52 bps

+37 bps

6.36%Mar. 12

Mar. 13

+40 bps

6.07%

5.76% 6.76%

+17 bps

4.11%

Credit card volumeHousehold term deposits

Payroll accounts Transactionality 1

Note: Data is presented like-for-like, including B. CAM in 20121 Including cheques, transfers, SEPA transfers, receivables and promissory notes

2323

25

… as well as in companies

12.31%Aug. 12

Mar. 13

8.48%Feb. 12

Feb. 13 9.71%

+123 bps

32.59%

+2,028 bps

10.59%

8.84%Feb. 12

Feb. 13

+175 bps

10.68%

+139 bps 9.29%Dec. 11

Dec. 12

Sabadell continues to provide credit to SMEs and corpo ratesNote: Data is presented like-for-like, including B. CAM in 2012

Corporate credit

Sight deposits companies Volume at BS card PoS

ICO loans (publicly subsidised loans)

2424

26

137.1%137.8%

174.8%

182.1%168.3%

146.7% 144.0%

125.8%118.4%

2007 2008 2009 2010 2011 2012 1Q13

Ex. EPA815 1,322

5,8113,439 4,516

10,500

-2,682

15,452

2007 2008 2009 2010 2011 2012 1Q13 2013e

Commercial gap improvement continues …

Change in commercial gapEuros in million

Loan to deposit ratioEuros in million

Banco CAM acquisition

Customer funds and loans evolution Euros in million

1 Other on-balance sheet term funds include term deposits and other funds placed in the retail network: preference shares, mandatory convertible bonds, senior debt, commercial paper and other. Excludes repos. Note: In 2012, changes in commercial funding cap include adjustments for capital increase.2012 numbers include Banco CAM

Mar-12 Dec-12 Mar-13% Var.

YoY

On-balance sheet customer funds 53,446 80,179 82,692 54.7%Other on-balance sheet term funds1

34,103 53,095 53,819 57.8%Sight deposits 19,343 27,085 28,874 49.3%

Off-balance sheet funds 18,345 20,659 21,173 15.4%Mutual funds 8,295 8,585 8,987 8.3%Pension funds 2,929 3,709 3,731 27.4%Third party insurance products 5,780 7,313 7,270 25.8%

Total funds 71,791 100,838 103,865 44.7%

Gross loans to customers ex repos 74,235 115,392 113,389 52.7%

2525

27

Deposits65.2%

ICO financing4.8%

Wholesale funding21.6%

Prefs0.1%

Retail issues3.4%

Repos4,9%

… maintaining a balanced funding structure …

Group funding structure Group wholesale funding breakdown

Covered bonds63.2%

Senior debt1.5%

Prefs + Subordinated

3,7%

ECP4.4%

Securitisation19.1%

GGB8.1%

2626

28

… and efficiently managing liquidity

Group wholesale funding maturities Euros in million

Maturity by product type Euros in million

ECB liquidity position Euros in million

1,429

0 197

4,022

2,8043,037 3,050

1,562

796

2,765

0

1,000

2,000

3,000

4,000

5,000

2Q12

3Q12

4Q12

2014

2015

2016

2017

2018

2019

>2020

2Q12 3Q12 4Q12 2014 2015 2016 2017 2018 2019 >2020 Outst. Amo untCovered bonds (CH) 1,429 0 197 2,946 2,804 2,577 1,907 1,445 796 2,132 16,233Covered bonds (CT) 0 0 0 0 0 0 0 0 0 0 0GGB 0 0 0 1,006 0 0 1,066 0 0 0 2,072Senior debt 0 0 0 0 0 157 0 100 0 25 282Preference and Subordinated 0 0 0 0 0 302 77 0 0 590 969Other mid- and long-term financial instruments 0 0 0 70 0 0 0 18 0 18 106TOTAL 1,429 0 197 4,022 2,804 3,037 3,050 1,562 796 2,765 19,661

December 2012 23,650

Returned amounts 2013January 30 1,150February 1 1,000February 20 500February 27 500Total amount 3,150

March 2013 20,500

2727

29

Mortgage Covered Bonds Over-collateralization Ratio

Mortgage Covered Pool

58,829 Total Eligible36,803

Total Not Eligible22,026

Maximum IssuanceAmount29,442

Covered Bonds(allocated and retained)

25,727

Over-collateralization Ratio 229%

Data as of March 2013

Euros in Million

OCRatio over-eligible

portfolio143%

2828

30

4. Risk and capital management

2929

31

Evolution of NPLs and RE assets

Evolution of NPLs, substandard and real estate asse ts, ex-APSEuros in million

9.1% of global coverage ex-APS (loans and real estate assets)

2Q12 3Q12 4Q12 1Q13Net entries 249 667 1,094 385Change in RE assets 522 327 233 394Net entries + Change in RE assets 771 994 1,327 778Write-offs 228 232 387 247Quarterly change in non-performing assets 543 762 940 5 31

4T12 1T13NPLs volume 10,287 10,424RE assets 5,927 6,320NPLS+ RE assets 16,214 16,744Substandard exposure 2,844 2,897

Total problematic assets ex-APS 19,058 19,641

Total provisions ex-APS 9,410 9,516

Coverage ex-APS 49.4% 48.4%

3030

32

NPL ratios by segment

NPL ratios by segment, excl. APSIn percentage

Note: NPL ratio is calculated including contingent risk.

The NPL ratio increased by 36 basis points in 1Q13

2Q12 3Q12 4Q12 1Q13

Real Estate development and/or construction purposes 25.33% 26.87% 32.50% 38.38%BS stand-alone 26.30% 25.01% 29.96% 36.03%

Construction purposes non-related to real estate dev. 4.19% 4.28% 5.53% 5.96%BS stand-alone 3.92% 3.92% 5.04% 5.76%

Large corporates 6.32% 6.92% 7.10% 7.40%BS stand-alone 2.91% 3.43% 3.88% 4.10%

SME and small retailers and self-employed 7.33% 7.98% 9.00% 8.98%BS stand-alone 6.64% 7.26% 7.30% 7.09%

Individuals with 1st mortgage guarantee assets 6.16% 6.67% 7.61% 8.07%BS stand-alone 3.42% 3.82% 4.41% 4.70%

NPL ratio 7.82% 8.46% 9.33% 9.69%

BS stand-alone 6.24% 6.78% 7.41% 7.98%

3131

33

1Q13BS ex-

APSAPS Total

Real estate assets 39.4% 47.8% 43.3%Real estate development loans 36.0% 44.2% 39.8%Total real estate exposure 37.4% 45.6% 41.2%

Construction 6.2% 42.6% 7.8%Large corporates 3.7% 27.2% 4.7%SME and small retailers and self-employed 5.2% 27.3% 8.0%Individuals 3.6% 11.6% 4.1%Other 3.3% 59.2% 4.4%Rest of loan book 4.0% 22.3% 5.2%

Total loan book and RE assets 9.1% 38.3% 13.8%

Coverage

Maintaining high coverage levels of credit and real estate exposure

Coverage by segmentSplit between Asset Protection Scheme and rest

13.8% of coverage of total loans and real estate assets

3232

34

No market capital call in the pipeline

Core capital evolution including Penedés and Banco Ga llegoIn percentage

Minimum level according to Basel III CRD IV

Comfortably exceeding minimum capital levels according to Basel 3, even on a fully phased in bas is

Evolution on a fully phased in basis

Core capital evolution according to Basel III CRD IV 12.2%

11.1%

9.7%10.3%

9.5% 9.5%9.9%

10.6%10.4%

Dec.12 Mar.13 2013e 2014e 2015e 2016e 2017e 2018e 2019e

7.0%

4.0%-4.5%

5.0%4.9%

5.7%

6.8%7.7%

9.4%

11.2%

3333

35

5. Managing Real Estate assets

3434

36

Latest commercial efforts are showing results …

Target 2013: >16,000 units sold

Sales evolutionNumber of units

1,988

2,945 2,8645,976

2,497

1Q 2Q 3Q 4Q

2012 2013

+26%

3535

37

In 89% of the houses sold by Sabadell in 1Q13 the price

was below €100,000

62% of the houses sold by Sabadell in 1Q13 without

mortgage financing

31%

49%

66%

71%

76%

83%

Barcelona

Madrid

Hosp.Llobregat

Zaragoza

Sevilla

Valencia

Source: XVI Informe sobre el mercado de la vivienda Tecnocasa-Univ. Pompeu Fabra (Mar 2013)

Transactions with a price <€100,000 (%, Spain sector data)

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Jan-07

May-07

Sep-07

Jan-08

May-08

Sep-08

Jan-09

May-09

Sep-09

Jan-10

May-10

Sep-10

Jan-11

May-11

Sep-11

Jan-12

May-12

Sep-12

Jan-13

Hipotecas sobre viviendas(número)

Compraventa de viviendas nuevas y2ª mano (unidades)

Source: INE

� Higher proportion of affordable houses

� Increase in the number of cash transactions

3737

… addressing market segmentswith positive momentum ….

404039393636

Spanish house transaction and mortgage data (monthly)

Number of mortgages

Number of house transactions

3636

38

38,618

22,968

41,790

30,332 29,83925,360

2007 2008 2009 2010 2011 2012

… and with an offer that is meeting strong demand

� Strong demand for coastal properties

� Increased importance of foreign buyers

8,3%

2,6%

-0,6%

Mediterranean coast and islands

Inland

Price declines from peak

Change in number of transactions2012 vs. 2011

-30%

-41%

-39%Madrid /Barcelona

Source: Consejo General del Notariado

75% of Sabadell’s finished properties are located along

the coast

14% of Sabadell sales in 1Q13 where to foreign

buyers

Number of transactions by foreign buyers

Source: Ministerio de Fomento, TINSA

38384141404037373737

39

More efficient marketing campaigns …

Better results than in 4Q12Results after 5 weeks of latest marketing campaign

More than 35% more offers received than in the last

campaign of 2012

2.5% 2.7%Conversion rate (online contacts/visits)

5.8% 6.1%Conversion rate (offers/ contacts)

393942424141

� More than 3,600 offers received

� More than 3,000 buyers on waiting lists

� Increase in the reservation rate by number of contacts

� Price increases in selected developments (for example in Valencia and Cádiz)

� Auction sales when properties receive more than one offer

3838

4Q12 Campaign 1Q13 Campaign

3838

40

… addressing all market segments

Solvia launches its “Premium” brochure

http://www.solviarealestate.com/premium/catalogo.pd f 4040434342423939The “Premium” brochure is available online:

3939

41

6. Update on M&A activity

41414444434340404040

42

Update M&A: BMN

� Asset and liability transfer concerning the former Caixa Penedésbanking network in Catalonia and Aragon

� Estimated integration date: October 12th, 2013

Loans €10bn

Customer funds

€8,2bn

RWA ~€5.3bn

Branches 462

Clients ~900,000

Employees ~2,000

Data as of February 2013.

Key

num

bers

424245454444

Synergies €66M

4141

ROE(post synergies)

10%

Number of branches and split of loans and customer funds by region

# Branches: 37Loans: 8% Customer funds: 5%

# Branches: 350Loans: 76%Customer funds: 84%

# Branches: 32Loans: 7% Customer funds: 5%

# Branches: 24Loans: 6%Customer funds: 4%

# Branches: 9Loans: 2%Customer funds: 1%

# Branches: 10Loans: 1% Customer funds: 2%

Huesca

Zaragoza

Lleida

Barcelona

Girona

Tarragona

4141

43

Update M&A: Banco GallegoK

ey n

umbe

rs

Loans €2,200M

Customer funds

€3,000M

Branches 183

Employees 737

Clients ~125.000

Assets €4,200M

RWA €1,900M

NPL ratio 8.3%

� Capital injection by the FROB of €245 million

� Sabadell significantly increases its presence in a region that represents 5.3% of Spanish GDP

14% coverage of total loans

434346464545

Synergies €19M

4242ROE

(post synergies)14%

Galicia branch network, pro-forma

Branch market

share of 7%

BSBanco GallegoPro-forma

Loans by segment

Corporates 27%SMEs 18%Rest of companies 8%Mortgages 41%Rest of individuals 6%

28

117

145

A Coruña

Pontevedra

Ourense

Lugo

6 16

229 57

66

3 14

1710 30

40

4242

44

Sabadell branch distribution

4444

Total number ofbranches: 636

20062001

Total number ofbranches: 1.187

Total number ofbranches: 2.338Total number of

branches: 1.853

Note: The region of León is included in Asturias and not in Castilla y León.

Market share by region

4747464643434343

2012

4% 5%13%

≥ 10%≥4 y <10%<4%

7%13%

6%

13%

10%

6%12%

13%

6%

5%

14%

10%

6%7%

4%

5% 5%

5%

2013e

45