Banco Sabadell2Q11 Results

July 21st, 2011

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

Index

1. Quarterly highlights

2. 2Q11 Results

3. Commercial activity, balance sheet and liquidity

4. Risk management

5. Real estate portfolio

4

1. Quarterly highlights

5

Quarterly highlights

Net interest income evolution according to expectations

Focus on cost containment

Satisfactory commercial activity delivering on CREA plan

Comfortable liquidity position

Strong capital position confirmed by recent stress test

6

2. 2Q11 Results

7

2Q11 Results

Euros in million

*

* Jun 10 include capital gains of € 250 million related to a Sale & Leaseback transaction

Jun. 10 Jun. 11 % var 11/10

Net Interest Income 765.2 764.6 -0.1%Equity Method & Dividends 47.8 39.2 -18.1%Commissions 253.3 288.4 13.9%Trading Income & Forex 175.7 188.4 7.2%Other Operating Results 5.4 3.2 -40.8%Gross Operating Income 1,247.4 1,283.6 2.9%Personnel Costs -326.0 -370.9 13.8%Administrative Costs -163.4 -191.0 16.9%Depreciations -78.7 -62.6 -20.4%Pre-provisions Income 679.3 659.1 -3.0%

Total Provisions & Impairments -693.8 -545.5 -21.4%Gains on sale of assets 292.1 2.6 -99.1%Profit before taxes 277.7 116.2 -58.1%Taxes and others -44.0 48.1 --Attributable Net Profit 233.6 164.3 -29.7%

8

Core Tier 1 capital ratio 3,240RWA 56,503

Mitigating measures

Countercyclical provisions 344 + 61 bps

Extraordinary gains obtained in 2Q11 130 + 23 bps

Mandatory convertible subordinated bonds 818 + 145 bps

Total mitigating measures 1,292RWA 56,503

Core Tier 1 capital ratio 4,532RWA 56,503 8.0%

5.7%

Strong capital position confirmed in recent stress test

10.80 11.08

6.01

9.37

0.61

1.161.14

3.64 2.49

1.721.33

7.666.678.20

9.27

0.541.44

1.21

1.700.66

2007 2008 2009 2010 1Q11 2Q11

Core Capital Lower Tier I Tier II

9.7810.87

11.8410.47

Stress test result in the adverse scenario December 2012Euros in million and in %

8.0%

5.7%

Capital ratios evolutionIn %

9

Net interest income is improving ...

Net interest income 1H11:-0.1 % YoY

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

374.1 391.1361.2

332.8379.1

Net interest income 1H11 Like-for-like*: -10.2% YoY

385.4

* Including BG in 2010

Net interest income evolutionEuros in million

10

… according to expectations …

1.80% 1.83% 1.79% 1.85%1.98% 2.06%

1.95%1.86% 1.78% 1.81%

1.65%1.47%

1.60% 1.62%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Net interest margin

2.72% 2.52% 2.31% 2.17% 2.05% 1.91%

5.93% 6.06% 5.56%4.93%

4.21%3.79% 3.53% 3.49% 3.50% 3.65% 3.86% 3.99%

3.13% 3.22% 3.47% 3.48%

1.99%1.89%1.80%

2.80% 2.84% 2.81% 2.81% 2.73%

6.29%6.28%

2.00%1.97%

2.83%

2.21%1.70% 1.48% 1.36% 1.44% 1.59%

1.85%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Customer spread Customer loan yield Cost of customer funds

Margin evolutionIn %

11

… driven by active price management

Total volume of repriced assets in the quarter: € 13.3 bn*Positive impact in the stock spread due to our balance sheet flexibility* New granted transactions with price change

Product Jun-10 Jun-11 Var YoY Jun-10 Jun-11 Var YoY

Credits 233 264 +31 174 223 +49Loans 156 247 +91 156 194 +38Mortgages to individuals 81 116 +35 74 78 +4Leasing 161 206 +45 97 113 +16Commercial loans 242 290 +48 267 309 +42Confirming 184 225 +41 168 237 +69Forfaiting 263 225 -38 183 215 +32

Total loans 168 230 +62 134 157 +23

Deposits 182 116 -66 149 157 +8

Front book spreads Back book spreads

12

Commission income driven by customer activity

31.2 30.7 28.1 32.8 30.9 31.7

54.2 51.8 53.160.8 59.1

75.6

43.8 41.6 42.4

45.9 45.8

45.4

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Asset mgmt1 Services Lending

Commission income 1H11:+13.9 % YoY

Commission 1H11 like-for-like*:+4.6% YoY

129.3 124.0 123.7139.5 135.7

152.6

* Including BG in 20101 Including mutual funds commissions and pension funds and non-life insurance brokerage

Commissions evolutionEuros in million

13

Slight reduction in personnel expenses like-for-like …

159.9 162.2 162.5 172.6 179.0 176.0

1.0 2.9 3.215.5 13.1 2.8

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Recurrent Non-recurrent

Personnel expenses 1H11:+13.8% YoY

Personnel expenses 1H11 Like-for-like*:

Recurring personnel expenses 1H11: +10.2% YoY

-0.3% YoY

160.9 165.1 165.7188.1 192.1 178.7

* Including BG in 2010

Personnel expenses evolutionEuros in million

Like-for-like cost containment (-0.3% YoY)* Excluding BG and non-recurrent expenses

14

… and contained general expenses excluding restructuring charges

Recurrent Sale&Leaseback

General expenses 1H11:+16.9% YoY

General expenses 1H11 Like-for-like*:

Recurring general expenses 1H11:+13.1% YoY

-0.1% YoY

Non-recurrent

Like-for-like cost containment (-0.1% YoY)

76.0

87.591.9

101.0 98.5

76.082.4 84.3

93.484.4 84.6

5.17.6 7.9

7.6

7.96.2

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

92.5

General expenses evolutionEuros in million

* Excluding BG, Sale & Leaseback transaction and restructuring charges

15

42.1% 42.3% 43.6%46.2%

49.7%47.0%

Mar. 10 Jun. 10 Sep. 10 Dec. 10 Mar. 11 Jun. 11

1,229 1,230 1,223 1,214 1,221 1,223 1,222 1,221 1,221

9,668 9,615 9,5599,466

9,8399,746 9,701

9,624 9,599

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

10,777

1

1,467

2 Efficiency ratio excluding non-recurrent items* Jun. 11: 45.1%

Branches Employees Without B.GUI

10,721

1,467

10,610

1,378

We continue to optimise the network …Employee and branches evolutionIn number

Cost income evolution*In %

* It excludes gains from debt-for-equity transaction and other repurchase transactions in 2010

11Q10 Acquisition of Sabadell United Bank2 4Q10 Acquisition of Banco Guipuzcoano

16

… and we have made additional efforts in provisions

Provisions and write-downs evolution and breakdownEuros in million

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Specific 228.0 212.2 186.1 124.7 142.2 143.4Extraordinary charge 0.0 90.0 46.0 66.0 186.2 0.0Implementation of regulation in loans (3/20 0.0 0.0 -120.0 0.0 0.0 0.0Substandard -54.2 -31.2 -61.9 -30.3 -32.8 -52.2Metrovacesa 0.0 0.0 0.0 76.1 0.0 0.0Real estate assets 46.0 209.8 160.9 49.9 30.0 62.4BCP 0.0 38.5 0.0 16.2 1.2 34.7Goodwill and others 8.9 5.3 12.2 4.2 0.8 9.3

Subtotal 228.6 524.6 223.3 306.8 327.6 197.6

Generic -61.2 1.7 -103.2 -152.6 2.5 17.9

Total provisions and impairments 167.4 526.3 120.1 154.2 330.1 215.5

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3. Commercial activity, balance sheet and liquidity

18

Jun-10 Jun-11 % Var.

Individuals 96,828 147,152 +52%

Companies 22,661 30,888 +36%

Cuenta Expansión:38,918 new accounts

Cuenta Expansión Negocios: 22,867 new accounts

Now reaching 2.5m customers, in line with CREA

We continue to gather excellent results in customer acquisition …

Remarkable success in customer gathering

With two market-leading products paving the way in 2Q11

19

… on track to meet the targetsof CREA …

Monthly new individual customers Monthly new company customers

0

5,000

10,000

15,000

20,000

25,000

30,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 2011

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 2011

Target 2011: 290,000 new customers

Target 2011: 50,000 new customers

20

… achieving market share gains bothin individuals …

Sight deposits

3.89%

4.39%

May. 10

May. 11

+50 bps

2.06%

2.52%

Jun. 10

Jun. 11

Payrolls

+46 bps

Credit card invoicing (quarterly)

2.99%

2.66%Mar. 10

Mar. 11

+33 bps

3.09%

3.50%

May. 10

May. 11

+41 bps

1 Including cheques, transfers, SEPA transfers, receivables and promissory notes

Transactionality1

21

… as well as companies …

3.13%

4.09%

Jun. 10

Jun. 11

+96 bps

Commercial lending

23.50%

23.52%

Jun. 10

Jun. 11

+2 bps

6.73%

10.90%

May. 10

May. 11

+417 bps

7.58%

9.11%

May. 11

May. 11

+153 bps

Brokerage volume2 ICO loans (public subsidy loans)

Export documentary credit

2 Buy-sell amounts

22

7.367.307.327.217.547.29

6.78 6.95 6.77 6.61 6.19 6.11

2006 2007 2008 2009 2010 Jun-11Banco Sabadell group Market

0 5 10 15 20

BankinterSan Cons Finance

Caixa GaliciaDeutsche Bank

Banco GuipuzcoanoCajasurBanesto

Barclays BankCajasol

CCMUnicaja

Caja DueroBanco PastorCaja España

Banco ValenciaCGACanarias

CajasturBBVA

CAMIbercaja

Banco SantanderBanco Popular

Caja MadridLa Caixa

Caixa CatalunyaBBK

BancajaBanco Sabadell

2009 2008 *

Most valued by the customersClaims ratio amongst sizable institutions by Bank of Spain *

Renewal of the Global Award of European Excellence

Source: Bank of Spain, Service Quality Annual Reports 2009 and 2008.*Number of claims by volume of activity (average of deposit and credit volumes) and refers to the number of claims passed on by the Bank of Spain to be contented by each entity. Only refers to larger institutions.

Four consecutive years (2007-2010) increasing the gap vs. the system

Leaders in quality of service

Source: STIGA, “RCB Objective Quality in Retail Banking Networks” Quarterly report preview, 2Q11

23

Holding up volumes in a difficult environment …

Customer funds evolution

1 Including BG in 20102 Excluding repos, including preference shares and mandatory convertible bond placed in the retail network

Euros in million

Jun-10 Dec-10 Jun-11% Var.

YoY% Var. YoY proforma1

On-balance sheet customer funds2 41,212 49,374 51,055 23.9% 10.7%Fix-term deposits 24,191 30,092 31,456 30.0% 15.7%Sight deposits 16,021 18,285 18,600 16.1% 3.8%

Off-balance sheet funds 17,908 18,834 18,563 3.7% -2.1%Mutual funds 8,532 8,853 8,613 0.9% -6.8%Pension funds 2,777 3,016 2,903 4.6% -6.6%Third party insurance products 5,434 5,727 5,691 4.7% 4.4%

Gross loans to customers ex repos 65,356 73,058 72,309 10.6% -0.8%

24

-2,000

-1,000

0

1,000

2,000

3,000

4,000

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 Jul 11

10,000

15,000

20,000

25,000

30,000

35,000

1Q09 2Q09 3Q094Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q110

2,500

5,000

7,500

10,000

Wholesale funding

Sight deposits

Time deposits

Mutual funds (rhs)

YTD 2011: € 3,919 m

205%

142%

179%170%

148%

2007 2008 2009 2010 2Q11

… continuing to improve the commercial gap quarter after quarter …Change in the commercial funding gapEuros in million

Customer funds evolutionEuros in million

Loan to deposit ratio*In %

* Excluding repos

25No recourse to ECB

*

* Including € 8,851 million in liquid assets and € 2,821 million in structural liquidity

In a demanding environment we continue to command comfortable liquidity levels

Euros in million

Liquidity position 1Q11 13,017

Commercial gap BS change -417Real estate portfolio change -543Issues maturity -354New issues 200Net short term issues change -244Increase of available ECB eligible assets -162Other 175

Liquidity position 2Q11 11,672

26

Deposits 67.33%

Customer repos 4.28%

Client commercial paper 0.06%

Preference shares 1.28%

Wholesale 27.05%

Securitisations 9.09%

Preference shares 0.23%

ECP10.98%

Subordinated debt 4.07%

Senior debt 16.96%

Covered bonds 58.66%

CH issuing capacity 3,372CT issuing capacity 1,300State backed guarantees available 5,601

BS has a balanced funding structure …Funding structureIn %

Breakdown of wholesale fundingIn %

Covered bonds and guaranteed debtissuance buffer Euros in million

27

2,8802,307

1,442

2,739

56%

78%

75%

121%89%

2Q10 3Q10 4Q10 1Q11 2Q11Outstanding amount commercial paper +ECP (excl. BG)% renewal

2.653

1,60

938 0

1,60

01,

366

900

1,35

245

01,

280

1,50

00 0

1,00

00 0

200

01,

500

0 01,

875

774

0 50

300

200

0 0 13 170

100

1.50

0

0

500

1,000

1,500

2,000

Bonds and covered bondsSenior debtGovernment-guaranteed issuesSubordinated and preference sharesOther mid and long term instruments

BS BG BS BGBS BGBS BG2011 2012 2013 >2013

1,8001,047 400

1,7391,699

400

230

2,780 7,52050 25

600

94392

125

2011 2012 2013 2014 2015 2016 2017 2018Matured

… and a comfortable maturity calendar

Wholesale funding maturity calendar Including Banco Guipuzcoano. Euros in million

Maturity by product type Euros in million

Short term funding Euros in million and percentage

28

4. Risk management

29

Mar-11

Total Normal Substandard NPLs NPL ratio*

NPL ratio*

Real Estate development and/or construction purposes 10,195 6,319 1,685 2,191 21.50% 19.98%Construction purposes non-related to real estate dev. 783 752 0 31 2.26% 2.69%Large corporates 22,153 21,094 488 572 2.15% 2.24%SME and small retailers and self-employed 18,907 17,702 304 901 4.52% 4.04%Individuals wit 1st mortgage guarantee assets 16,322 15,770 1 551 3.38% 3.20%

Of whichPurchase of 1st residence 13,320 12,932 1 388 2.91% 2.73%Other real guarantees assets 3,002 2,839 0 164 5.46% 5.20%

Individuals with other guarnatees 400 398 0 2 0.40% 1.26%Individuals other 1,752 1,655 0 97 5.13% 5.88%Subtotal gross loans to customers 70,512 5.55% 5.46%Other gross loans to customers 1 1,923Total gross loans 72,435 5.55% 5.46%

Jun-11

Credit exposure and NPLsaccording to purpose

*Including off-balance sheet items1 Includingcaption 4: public entities; caption 8:other assets and deferral adjustments

30

40%

50%

60%

70%

80%

90%

100%

Entity

1Enti

ty 2

Entity

3Sab

adell

Entity

4Enti

ty 5

Entity

6Enti

ty 7

Entity

8Enti

ty 9

Entity

10Enti

ty 11

Entity

12Enti

ty 13

Entity

14Enti

ty 15

Entity

16Enti

ty 17

Entity

18Enti

ty 19

Entity

20Enti

ty 21

LTV < 80% LTV > 80%

Residential mortgage LTV rankings

Residential mortgage LTV breakdownIn %

BS has one of the lowest risk profiles in the sector

Source: Companies’ transparency effort exercises

31

Coverage levels consistent with ourexpected loss rates

Coverage including mortgage guarantees is 114%

Coverage levels by type Euros in million and %

Amount Fund Coverage

NPLs 4,472 1,197 27%Substandard 2,556 399 16%Acquired and repossessed RE assets 3,601 1,032 29%Write-offs 1,239 1,239 100%Generic 418Potentially problematic exposure 11,868 4,284 36%

Global coverage ratio 4,472 2,014 45%

32

NPL entries and recoveries evolution

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Gross entries 1,021 904 1,033 979 1,092 1,260Recoveries 579 592 617 728 708 698Write-offs -183 -93 -201 -31 -335 -213Subtotal 258 219 214 220 49 349Non performing real estate assets in process of repossession 265 -265Quarterly change on NPLs 258 219 214 220 314 83

Initial impact of Banco Guipuzcoano incorporation 450

Euros in million

33

138.3414.3

92.7 178.5 245.0

637.0498.0

-89.7 -96.1 -67.0 -94.0-29.8-12.3

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Real estate assets represent 2.7% of loans vs. 4.8% for the sector* *Net real estate assets over total net customer loans. Sector percentage shown an average for alll the entities. Source: Banco Sabadell

Remarkable effort in provisioning for on-balance sheet real estate assets

Real estate assetsevolution of coverage levelsEuros in million

Real estate assets. Quarterly additions Euros in million

Repossessions Banco Guipuzcoano

Sales

1Q11 2Q11

Gross portfolio 3,058 3,601

Total fund 964 1,032

Net portfolio 2,094 2,569

Coverage 32% 29%

34

5. Real estate companymanagement

35

Finished property

Land under development Land Total %

1st residence 922 966 537 2,424 67%

2nd residence 168 123 37 328 9%Industrial 151 36 143 330 9%Commercial 117 204 45 366 10%Hotels 80 35 13 128 4%Other 22 2 1 25 1%

Gross portfolio 1,459 1,366 776 3,601 100%Provisions 320 443 269 1,032 29%

Net portfolio 1,139 923 507 2,569

67% of the portfolio is first residence

Real estate portfolio breakdownEuros in million

36

38%

16%

4%

10%

14%

Catalonia 38%

Madrid 16%

Valencia 14%

Andalusia 10%

Balearic islands 4%

82%

Barcelona andmetropolitan area

32%

Over half of our real estate assets are in Catalonia and MadridDistribution of real estate assetsIn %

37

58% of the portfolio has a time tomarket of less than 2 years

Euros in million

Gross portfolio Prov.

Net portfolio

% mobi-lised

Portfolio by time to market 3,601 1,032 2,569

Time to market: short term 2,099 605 1,494Direct sales 984 269 715 7%Rental properties 274 54 220 59%Joint efforts with developers 381 123 258 67%Investments/SPVs 280 101 179 16%Government Subsidised housing 180 58 122 41%

Time to market: 2-4 years 811 211 600

Time to market: >4 years 691 216 475

Already mobilised assets: € 603 million (29%)

38

2009 2010 1Q11 2Q11

Sales price 42 174 48 71

Pre-provision cost1 55 228 67 95Discount to pre-provision costs 23% 24% 27% 25%Provisions built up 12% 23% 29% 23%% of sales price not covered by provisions 11% 1% -1% 2%

Real estate assets are sold at prices in line with current book value

Real estate asset sales evolutionEuros in million and %

Sales target for 2011: € 400 million2

1 Including acquisition, development, and any transaction costs related to the sale of the asset2 Pre-provision cost

39