21st October 2010

3Q10 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. 3Q10 Results

2. Commercial activity and liquidity

3. Risk Management

4

Net interest margin reflects a higher cost of funding

Good cost control

Improved coverage ratio of real estate assets portfolio

Net NPL entries maintain a decreasing trend

Important growth in the number of customers and deposits

Generating commercial GAP

Comfortable liquidity position

3Q10 in summary

5

9M Results

Sep-09 Sep-10 10/09 (%)

Net Interest Income 1,215.4 1,126.4 -7.3%Equity Method & Dividends 56.3 67.3 19.5%Commissions 385.8 377.0 -2.3%Trading Income & Forex 279.8 226.2 -19.2%Other Operating Results 6.1 5.7 -6.6%Gross Operating Income 1,943.5 1,802.5 -7.3%Personnel Costs -540.7 -491.7 -9.1%Administrative Costs -233.5 -255.3 9.3%Depreciations -104.9 -118.5 13.0%Pre-provisions Income 1,064.4 937.0 -12.0%

Total Provisions & Impairments -590.1 -813.9 37.9%Gains on sale of assets 64.9 293.4 -Profit before taxes 539.2 416.5 -22.7%Taxes and others -70.7 -76.2 7.7%Attributable Net Profit 468.4 340.3 -27.4%

Euros in million

6

7.70

1.24 1.09

2.25 1.98

7.84

Sep-09 Sep-10

11.19 10.91

Strong capital position

BIS ratio (%)

Lower Tier I

Core Capital

Tier II

7Sep-09 Sep-10

- 7.3 %1,215.4

1,126.4

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

394.6 418.6 402.3 385.2 374.1

Net interest margin reflects the higher cost of funding …

391.1 361.2

Euros in million

8

3.50%

1.91%2.17%2.31%2.52%2.72%

2.81%2.84%2.80% 2.81% 2.73% 2.05%

3.53%

4.21%

4.93%

6.29%6.06%5.93%6.28%

5.56%

3.79%3.49%

1.59%1.44%1.36%1.48%1.70%

3.48%3.22%

2.21%

3.13%3.47%

2.83%

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

1.65%1.81%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 2Q10 3Q10

… putting pressure on the customer spread

Net interest margin

Customer loan yield

Cost of customer funds

Customer spread

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Stable contribution from ALM portfolio

Treasury 46%

ALM 54%

Debt securities: AFS portfolio breakdown (€10.1bn)

Others 56%

Sovereign Debt 44%

Proven quality of the ALM portfolio, with a stable contribution and duration

(GGB, Senir debt, Covered bond, Corporate debt)

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29.8

60.6

28.634.1 31.2 30.7 28.131.2

52.8 51.952.1 51.8 53.154.2

44.4 41.6 42.438.145.3 43.842.3

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

92.5

165.5

127.8

90.0

159.1

127.8

Sep-09 Sep-10

385.8 -2.3%377.0

134.9 132.2 118.7 125.3 129.3

Commissions stay flat and show an improvement vs. 3Q09

124.0 123.7

Asset Mgmt1

Services

Lending

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

Asset Mgmt1

Services

Lending

Euros in million

11

158.1 157.2 159.6 153.7 159.9 162.2 162.5

31.6 23.6 10.6 20.9 1.0 2.9 3.2

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

484.6475.0

65.8 7.1

Sep-09 Sep-10

540.7 491.7

+ 2.0%

- 9.1%

189.7 180.8 170.2 174.6 160.9 165.0 165.7

Personnel expenses

Euros in million

Personnel expenses reflect good cost control…

Recurrent

Non-recurrent

Like-for-like

Total

- 0.7%

12

Sale and leaseback

12-month impact :

€ 30m

Administrative costs

Euros in million

… while higher administrative costs are explained by the sale&leaseback transaction

233.5255.3

0.0%

+ 9.3%

Sale&leaseback

+ 3.9% Recurrent

Like-for-like

Total

233.5 242.6

12.7

Sep-09 Sep-10

78.9 76.0 82.4

5.1 7.6

88.080.873.7 84.3

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

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2.252.00 1.95

1.67

1.37 1.29 1.25

2004 2006 2007 2008 2009 3Q10 2010P

Accumulated reduction -752 FTE

The operating efficiency process keeps the trend in reducing back office time at the branch level

*FTE= Full Time Equivalents

Start up of an outsourcing center, that additionally to cost optimization, enables us to free-up capacity and take on new network administrative tasks

Strengthening the self-service channels and focusing on Internet and mobile phone banking

Internet based transactions are increasing by 14% and the number of Internet/mobile users has increased by 10%

FTEs* administrative by branch Cost reduction measures

The transformation plan continues to move forward …

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45.5%43.1% 41.9% 43.1% 42.1% 42.3% 43.6%

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

1,229 1,2301,223

1,2141,221 1,223 1,222

9,6689,615

9,559

9,466

9,839

9,7469,701

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

* 1Q10 Sabadell United Bank acquisition

Cost / income ratioNumber of employees and branches*

… and has a continued positive impact in the company’s structure

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Lower provisions in the quarter

The new regulation prompts a provision release in loans and a higher provision in real estate

Total provisions and impairments

Euros in million

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

Specific 105.9 148.4 168.5 141.0 228.0 212.2 186.1 of which: NPLs entry 11.0 16.2 14.5 4.1 50.5 26.0 24.0 Calendar effect 80.8 121.7 155.2 174.8 164.6 175.6 144.3Extraordinary charge 0.0 0.0 0.0 0.0 0.0 90.0 46.0New regulation in loans 0.0 0.0 0.0 0.0 0.0 0.0 -120.0Substandard 41.9 87.5 258.7 3.4 -54.2 -31.2 -61.9Metrovacesa 0.0 46.7 43.4 94.3 0.0 0.0 0.0Real estate assets 0.3 57.0 67.1 57.2 46.0 209.8 160.9BCP 0.0 0.0 0.0 210.0 0.0 38.5 0.0Goodwill and others 1.0 -0.3 9.1 53.5 8.9 5.3 12.2

Subtotal 149.1 339.2 546.8 559.4 228.6 524.6 223.3

Generic 0.0 -129.4 -315.5 -311.8 -61.2 1.7 -103.2

Total prov. and impair. 149.1 209.8 231.3 247.6 167.4 526.3 120.1

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Agenda

1. 3Q10 Results

2. Commercial activity and liquidity

3. Risk Management

17

Strong comercial activity …

38,310 42,608 +11.2%

Sep-09 Sep-10 % Var.

22,280 25,824 +15.9%

64,458 64,579 +0.2%+7.4%

8,622 8,393 -2.7%2,442 2,760 +13.0%5,346 5,605 +4.8%

16,930 17,827 +5.3%

On-balance sheet customer funds*

Fix-term deposits

Loans to customersLoans to customers excluding real estate

Off-balance sheet fundsMutual fundsPension fundsThird party insurance products

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

A strong commercial activity in a difficult environment allows us to increase market share

18

Significant success in gaining new customers:

Two major campaigns to attract clients:

Emisiones en mercados de capitales (no incluye las titulizaciones)

36,076 newaccounts

66,183 newaccounts

Sep-09 Sep-10 % Var.

Individuals 97,156 142,526 +47%

Companies 18,751 30,227 +61%

… driven by successful campaigns to attract clients …

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CrediGlobal (number of new contracts)Credit lines (number of new contracts)

1,000

2,000

3,000

4,000

5,000

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

2,000

4,000

6,000

8,000

10,000

1q09 2Q09 3Q09 4QT09 1Q10 2Q10

2,000

4,000

6,000

8,000

10,000

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

500

1,000

1,500

2,000

2,500

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

3Q10 3Q10

3Q10 3Q10

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

… maintaining the level of transactions on the asset side …

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... improving market shares related to foreign trade ...

Source: Ministerio de Comercio

BS has improved its market shares:Dec-09 Sep-10

Documentary letter of credit, exports 21.33% 23.07%

Documentary letter of credit, imports 15.02% 15.72%

The Spanish export/import sector shows strong growth:

Jan-Aug ’10 YoY change

Exports € 119,023 million + 17.0 %

Improved market shares in international trade, an important driver of the Spanish economic recovery

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Emisiones en mercados de capitales (no incluye las titulizaciones)

€ 760.8 milion

Cross selling4.3 products per client

€ 1,237.3 milion

€ 664.4 milion

7.5 products per client

Important efforts in cross selling through new deposits campaigns (30% of the new deposits have also salary

account)

Flexible Deposit

Platinum Deposit

18 months Deposit

Mass market

Personal Banking

3Q10 deposit attraction

… and with an important success in deposits …

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FINANCIACIÓN

Emisiones en mercados de capitales (no incluye las titulizaciones)

10,000

15,000

20,000

25,000

30,000

Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-100

2,500

5,000

7,500

10,000

Positive commercial GAP

Funds evolution

Wholesale funding

Sight deposits

Fix-term deposits

Euros in million

Mutual funds (right axis)

-2,000-1,000

01,0002,0003,000

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

… that generates an important commercial GAP …

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FINANCIACIÓN

Emisiones en mercados de capitales (no incluye las titulizaciones)

€ m

Covered bonds € 2,000m

Subordinated debt € 500m

Senior debt € 182m

Total issues € 2,682m

301,

209

38 01,

630

1,28

990

01,

462

50 801,

500

0 01,

000

0 020

00

1,50

00 0

1,75

01,

137

0 5015

0030

020

00 0 13

170

0

500

1,000

1,500

2,0004Q

10

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

Wholesale funding maturity calendar

9M10 issues:

… and provide us with a comfortable liquidity position for the coming quarters

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Securitization 9.4%Preference shares 0.8%

ECP 10.4%

Subordinated debt 6.0%

Senior debt 15.1% Covered bonds 58.3%

Wholesale 32.3%

Deposits 63.5%

Preference Shares 1.2%

Client Commercial Paper 0,1%Repo's 2.9%

2.50%1.58%

0.89%1.10% 0.75% 0.70% 0.63% 0.76%

1.48%1.28%1.48%1.83%

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

Balanced funding structure

Wholesale funding breakdownFunding structure

3M euribor

Cost of wholesale funding

Cost of funding evolution

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0 0,5 1 1,5 2

Barclays BankBanesto

Deutsche BankBanco Santander

BBVABankinter

Banco PastorBanco ValenciaBanco Popular

Banco Sabadell

7.307.487.467.457.387.607.397.01

6.386.78 6.95 6.77 6.61

6.16 6.10 6.04

2005 2006 2007 2008 2009 1T10 2T10 3T10

Banco Sabadell group Market

4Q08 3Q08

Service quality

Ranking in retail banking network independent quality surveys 2

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

Source: 1 Bank of Spain, dec-08 Bulletin 2 STIGA, “RCB Objective Quality in Retail Banking Networks” 3Q10

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Agenda

1. 3Q10 Results

2. Commercial activity and liquidity

3. Risk Management

27

BS mantains a significant NPL gap…

02468

10

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

Jun-10

Sep-10

* August 2010

*

Continued important NPL gap vs. the system, with a coverage ratio of 52% (114% including mortgage guarantees)

System NPL ratio BS NPL ratio

*

Source: Bank of Spain

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

NPL ratio BS 2.35% 2.82% 3.19% 3.47% 3.73% 4.09% 4.38% 4.72%

NPL ratio banks 2.80% 3.57% 4.02% 4.40% 5.02% 5.22% 5.32% 5.49%

NPL ratio system 3.37% 4.27% 4.60% 4.86% 5.08% 5.33% 5.35% 5.62%

GAP BS vs banks (bp) 45 75 83 93 129 113 94 77

GAP BS vs system (bp) 102 145 141 139 135 124 97 90

28

650.7670.9671.8788.3748.5

625.4

806.7709.0 647,7

617.3591,6578.9532.9

223.1

489.4

35.1

480.1531.9

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

Evolution of entries and recoveries

EntriesRecoveries

Euros in million

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

Entries 806.7 788.3 709.0 671.8 670.9 647.7 650.7

Other provisioned loans entries 0.0 35.4 41.0 63.9 349.7 256.4 382.0

Recoveries -480.1 -532.9 -531.9 -489.4 -578.9 -591.6 -617.3

Write-offs -1.7 -25.4 -9.2 -31.2 -183.3 -93.1 -201.3

Quarterly change on NPLs 324.8 265.4 208.9 215.1 258.4 219.4 214.1

… with entries and recoveries on a converging path …

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…and the NPL ratios by segments remain under control

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

Companies 1.60% 1.81% 1.95% 1.92% 2.05% 2.38% 2.22%

SME 1.97% 2.54% 2.73% 2.89% 2.86% 3.32% 3.68%

Small retailers and self-employed 2.42% 2.93% 3.59% 3.93% 3.96% 4.14% 4.19%

Real estate development 7.34% 7.73% 8.05% 9.33% 12.60% 14.24% 15.83%

Real estate management companies 3.37% 4.01% 4.63% 5.70% 6.95% 7.42% 8.18%

Construction 3.84% 4.23% 4.71% 4.53% 4.88% 5.13% 5.96%

Mortgages to individuals 1.48% 1.69% 1.99% 1.95% 2.11% 2.13% 2.30%

Individual others 4.24% 4.91% 5.53% 5.43% 5.46% 5.43% 5.67%

Total 2.82% 3.19% 3.47% 3.73% 4.09% 4.38% 4.72%

30

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10

10%12%

14%16%

28%

0%

5%

10%

15%

20%

25%

30%

Cajas System BS Banks BS

4Q09 Sep-10Savings banks System BanksBS

4.91%

3.91%

3.04%

2.84%

% Real estate assets over loans % Coverage

With a better scaled portfolio than the sector average

Source: Bank of Spain and annual reports

31Euros in million

Acquisitions

Repossessions

SalesProvisions

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

714

-244-84

1.112

Significant real estate provisioning effort has continued.Real estate assets coverage ratio stands now at 28%

-288

1.112-95

837

-475

-162

1.212

1.112

-625

-183

1.281

1.112

1,4981,566

1,6871,585

1,7421,854

2,162 2,210

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

Grossevolution

Net evolution

Accumulated evolution of the real estate portfolio

Solvia: Real estate assets portfolio

32