Financial calendar

• 2007 Results Presentation
  date: 28-02-08
  Location: CONFERENCE CALL
  Time: 4:00pm (Madrid)/3:00pm (GMT)
• Presentation of 1st Quarter Results 2008
  date: 14-05-08
  Location: CONFERENCE CALL
  Time: 4:00pm (Madrid)/3:00pm (GMT)
• Presentation of 1st Half Results 2008
  date: 29-07-08
  Location: 37^th, Ramirez Arellano (Madrid)
  Time: 4:00pm (Madrid)/3:00pm (GMT)
• Q3 2008 Unaudited Results and Outlook Beyond 2010 Presentation
  22-10-08
• Presentation of 2nd Half Results 2008
  28-02-09*

* CNMV results presentation deadline.

Roadshow Calendar

• Milan-Frankfurt, Deutsche Bank
  3-4 March
• London, Morgan Stanley
  5-7 March
• NY, Boston, San Francisco, Citigroup
  10-14 March
• Paris, Caja Madrid
  1-2 APril
• Zurich, Santander
  16 APril
• New York, Lehman Brothers
  30-01JUNE-JULY
• London, Deutsche Bank-Bryan Garnier-Iberian Equities
  02-04 JULY
• Barcelona, Ahorro Corporación
  09 JULY
• London, City Group
  23-24 October
  
• USA, Deutsche Banck
  27-31 October
  
• Paris, HSBC
  4 November
  
• Milan-Zurich, Santander
  5-6 November
  
• Frankfurt, HSBC
  7 November