* Remuneration system which allows to choose between new shares or cash. Cash dividend: the price at which Banco Popular will purchase rights is 0.05€. Scrip dividend: one new share for every eighty five rights.

(*) A strip delivery of one share for every seventy shares by way of refund of issue prime. Excess shares are paid taking as a reference the weighted average price at the session on 16/04/2010, the day before the Shareholders Meeting at which this distribution was approved (5.8429€).

(*) A strip delivery of one share for every fifty shares by way of refund of issue prime. Excess shares are paid taking as a reference the weighted average price at the session on 25/06/2009, the day before the Shareholders Meeting at which this distribution was approved (6.1862€).