Investor Presentaiton

2018 Transactions 2018 Placements and Loans Operation Loan Amount (€ mill) 75,000,000 Settlement date Tenor 01/22/2018 12 Loan 100,000,000 Loan 25,000,000 Loan 150,000,000 Loan (Sustainable) 340,000,000 01/23/2018 12 01/24/2018 9 01/24/2018 11 01/29/2018 14 Loan 36,000,000 Loan 65,000,000 Loan 10,000,000 Loan (Sustainable) 39,000,000 Loan 75,000,000 Тар 385,000,000 Public Placement (Sustainable) 1,000,000,000 02/05/2018 15 02/06/2018 6 02/05/2018 8 02/05/2018 10 02/06/2018 11 02/20/2018 28 02/23/2018 10 -Moderate interest rate with "Contained financial costs" Loan 200,000,000 03/16/2018 30 -5-40 years tenors executed -The average Funding cost for 201 was 2.1% and the average tenor was over 18 years. Loan 250,000,000 04/27/2018 30 Private Placement 92,000,000 10/10/2018 35 Private Placement (Sustainable) 150,000,000 Loan 70,000,000 10/22/2018 40 12/14/2018 5 Total 3,062,000,000 Source: Comunidad de Madrid 39

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