MINISTERIO DE ECONOMÍA Y COMPETITIVIDAD 5/III/15 RESULTS OF THE LAST AUCTION Three references were auctioned today with the following results: Target range: €4 bn - €5 bn Oct-2017 Nominal amount bid: Nominal amount allotted: Bid-to-cover ratio: Stop-out rate: Weighted average rate: Previous stop-out rate: €4,071.35 million €1,081.35 million 3.77 0.203% 0.18% 0.409% Jan-2020 Nominal amount bid: Nominal amount allotted: Bid-to-cover ratio: Stop-out rate: Weighted average rate: Previous stop-out rate: €4,455.62 million €2,387.62 million 1.87 0.543% 0.517% 0.869% Jul-2032 Nominal amount bid: Nominal amount allotted: Bid-to-cover ratio: Stop-out rate: Weighted average rate: Previous stop-out rate: €2,487.37 million €1,531.37 million 1.62 1.941% 1.927% 1.981% With regard to the regular issuance programme, with today’s auction the gross debt issued reaches €56.9 bn. The gross issuance of medium- and long-term bonds of the regular funding programme stands at €40.4 bn (28.5% of the projected figure of €142.0 bn for 2015). Pº CASTELLANA, 162 28046 MADRID 1 MINISTERIO DE ECONOMÍA Y COMPETITIVIDAD 5/III/15 ULTIMAS SUBASTAS DE BONOS Y OBLIGACIONES / BONOS AND OBLIGACIONES LAST AUCTION RESULTS CUPON/COUPON B 3A B 5A O VR 17,5A 0.50% 1.40% 5.75% CODIGO ISIN/ ISIN CODE 126V0 126C0 12411 FECHA SUB/AUCT. DATE 05-mar-15 05-mar-15 05-mar-15 NOM.SOLIC./NOM.BID AM. 4,071.35 4,455.62 2,487.37 NOM.ADJ./NOM.ALLOT. AM. 1,081.35 2,387.62 1,531.37 PREC.MARG./STOP-OUT PR 100.780 104.120 155.750 INT.MARG./STOP-OUT RATE 0.203 0.543 1.941 PREC.MEDIO/WEIGH AV. PR 100.840 104.251 156.012 INT.MEDIO/WEIGH AV. RAT 0.180 0.517 1.927 ADJ. MARG/ ALLOT. STOP 100.00 100.00 115.00 1 PR.NO ADJ./1 PR NO ALL 100.770 104.110 155.740 VOL 1°PREC/ BID 1ST PR 115.00 113.00 35.00 0.35 0.62 0.37 EFEC.SOLIC./EFFECT. BID 4,097.96 4,632.32 3,950.43 EFEC.ADJ./EFFEC ALLOT 1,092.19 2,491.56 2,441.60 PET.NO.COMP./NO.COMP.BID PRORRATEO/PRO-RATA PERC. RAT.COBERT/BID TO COVER 3.77 1.87 1.62 ANT.MARG/PREV STOP RATE 0.409 0.869 1.981 ADJ.2ªVUELT/ALLOT.2ROUND MONTANTE FINAL/TOTAL AMOUNT Pº CASTELLANA, 162 28046 MADRID 2