Deutsche Bank AG, London Branch, Morgan Stanley & Co. International plc y UBS Limited (the “Bookrunners”), on behalf of Banco Financiero y de Ahorros, S.A. are carrying out a private placement among qualified investors

Deutsche Bank AG, London Branch, Morgan Stanley & Co. International plc y UBS Limited (the “Bookrunners”), on behalf of Banco Financiero y de Ahorros, S.A. are carrying out a private placement among qualified investors

[at noodls] – UBS Limited 1 Finsbury Avenue London, EC2M 2AN Tel. +44‐20‐7567 8000 www.ubs.com # TO THE NATIONAL SECURITIES MARKET COMMISSION (CNMV) Madrid, 27 February 2014 Accelerated bookbuilt offer of shares of … more

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