INVESTOR PRESENTATION May 2016 Disclaimer This presentation on no account should be considered as a (i) service of financial analysis, (ii) investment recommendation (iii) or advice of any type, (iv) nor does it aim to offer any kind of financial product or service. The information contained in this presentation is general and does not reveal all the risks or other material factors. Before entering into any transaction, potential investors must ensure that they fully understand the terms of the securities/transactions and the risks inherent in them, considering (i) the information submitted to the Comisión Nacional del Mercado de Valores www.cnmv.es (not the information contained in this presentation) and (ii) having taken appropriate professional or other advice. Ibercaja Banco cautions that this presentation might contain forward-looking statements. While these statements represent our judgement and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results that differ materially from our expectations. It is expressly remarked here that no information herein contained should be taken as a guarantee of future performance or results. The content in this presentation is regulated by the Spanish law applicable at time of writing, and it is not addressed to any person or legal entity located in any other jurisdiction (particularly USA or UK). For this reason it may not necessarily comply with the prevailing rules or legal requirements as required in other jurisdictions. Neither Ibercaja nor other persons shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this communication. Any price(s) or value(s) are provided as of the date or time indicated and no representation is made that any trade can be executed at these prices or values. In addition, Ibercaja has no obligation to update any information contained herein. This marketing communication is not intended for distribution to any kind of investors in the U.S.A., nor retail clients in the UK under any circumstances. Information set out on the presentation has come from a variety of sources, which Ibercaja considers to be reliable and have been chosen by Ibercaja with due diligence and reasonable care. Ibercaja does not provide any guarantee or warranty in respect of the accuracy, completeness, up-to-datedness’, or quality as well as the availability at any time of the data and other information provided on the presentation. Any views, statements or representations provided for on this presentation do not necessarily reflect the opinion of Ibercaja. Under no circumstances, including negligence, shall Ibercaja be liable for any DIRECT, INDIRECT, INCIDENTAL, SPECIAL or CONSEQUENTIAL DAMAGES, or LOST PROFITS that result from the reliance by a recipient on any information obtained from this presentation. 2 Index Overview of Ibercaja Banco Update on our Strategic Plan 3 Overview of Ibercaja Banco Overview of Ibercaja Banco ththth Ranking by Assets –––2015 €bnbnbn 888 largest bank in Spain in terms of assets, 357 Peer 1 with market shares of 2.6% in customer 344 Peer 2 loans and 3.2% in customer deposits. 343 Peer 3 207 Peer 4 Acquired Banco Grupo Cajatres in July 165 Peer 5 2013. 159 Peer 6 60 Peer 7 666th6ththth largest domestic financial entity in 59 Ibercaja asset gathering with €21bn in assets 59 Peer 8 under management and a total market 58 Peer 9 share of 4.3%. Ranking in Asset Gathering AuM ––– 2015 €bnbnbn 100 Peer 1 One of the four former savings banks (out 67 Peer 2 of 45) that has not directly received any 60 Peer 3 state aid. 25 Peer 4 23 Peer 5 CET1 Phased-In of 11.9%, vs. SREP 21 Ibercaja decision of 9.25% 19 Peer 6 13 Peer 7 8 Peer 8 8 Peer 9 4 Overview of Ibercaja Banco Shareholder Structure The main shareholder of the bank, Ibercaja, became a banking foundation in June 2014. By law, the Fundación Bancaria Ibercaja’s stake in the Bank will have to be at least below 50% by February 2020. Our target is to be a listed company no later than December 2018. Shareholders’ Structure Fundación Bancaria Ibercaja 87.80% Fund. Caja Inmaculada 4.85% Fund. Caja Former Cajatres Fund. Caja 3.90% shareholders Badajoz Ibercaja Banco 3.45% Fund. Caja CCCíCííírculorculo 5 Overview of Ibercaja Banco Banking Business Ibercaja is a pure retail bank. Specialist in first home retail mortgages and asset gathering. One of the highest quality mortgage portfolio in the sector Profitable and stable retail funds mix: 73% of customer funds are in current accounts and off-balance products Lending Split by Segment (1Q2016) Customer Funds (1Q2016) 111 RED & Construction Time Deposits OffOff----BalanceBalance 4% 3% 7% Insurance Residential Others Mortgages 20% 27% SME & Corporate 31% 37% Consumer and Mutual 36% 18% 50% 66% Others Funds Public Sector & Other Current Accounts Pension Funds Gross loans ex REPO: €33.4bn Retail Customer Funds : €49.4bn 1 Commercial network distribution 6 Overview of Ibercaja Banco Positioning in the Spanish Market Clear leadership in theHome Markets of Aragón (c. 40% market share), La Rioja, Guadalajara, Burgos and Badajoz (≈15% market shares).These These markets represent 606060% 60 %%%ofofof Ibercaja’s business volumevolume. ... Throughout the 80’s and 90’s, the bank built a significant presence in key regions of the Spanish economy such asMadrid and thethethe Mediterranean Basin (Cataluña and Comunidad Valenciana), with 190 and 156 branches, respectively. This early expansion has resulted in a well established footprint in the wealthiest regions of the Spanish economy thatrepresent 303030%30 %%%ofofof Ibercaja’s business volumevolume. ... Nationwide distribution network of 1,272 branches with 5,500 employees (dec-15). Branch Network 2015 GDP per Capita 2014 Average EU28=100 1 Home Markets Growth Markets 1,272 Branches 1 Source: Eurostat 7 Overview of IbercajaBanco Well Established Presence in our Core Markets Attractive geographical position: Leadership in home markets and relevant growth potential in the wealthiest regions of the Spanish economy. Distribution by Business Volume (%) 111 Distribution by Branches (%) Home Markets 10% 8%8%8% 12% 12% Madrid 15% Mediterranean 60% 18% Basin 18% 64% Rest of Spain Growth Markets Madrid and the Mediterranean Basin represent ≈30% of Ibercaja business volume and branches 1 Defined as the sum of customer loans, retail customer deposits and off-balance sheet customer funds. Commercial network distribution Note: Home Markets consist of Aragón, La Rioja, Guadalajara, Burgos and Badajoz; Mediterranean Basin consists of Cataluña and Comunidad Valenciana 8 Overview of Ibercaja Banco BestBest----inininin----ClassClass Customer Service Levels Net Promoter Score 2015 1 10% Ibercaja has achieved its 20% 20% 18% 16% 17% 28% position in these markets 38% thanks to a commercial 40% model that has been certified 44% 37% 45% 39% 43% by third parties and that 34% provides best-in-class 49% customer service levels 51% 41% 46% 38% 36% 41% 39% 40% 13% Peer 1 Ibercaja Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Promoters Passives Detractors In 2007 Ibercaja was awarded with the In 2012, Ibercaja was the first Spanish stamp for the European Foundation for bank certified by the Spanish Association Quality Management (EFQM) where it for Standardization and Certification has achieved the 500+ mark (AENOR) for its excellence in personal Only 3 more banks in Spain are entitled banking advisory with this distinction: Sabadell (2006), Only 1 more bank in Spain is entitled Caixabank (2012) & Santander (2015) with this distinction: Caixabank (2013) 1 Source: FRS INMARK for retail customers; Peers include ING, Santander, Popular, BBVA, Caixabank, Sabadell & Bankia 9 Overview of Ibercaja Banco Ibercaja Financial Group (1/3) Ibercaja Financial Group consists of a group of companies specialized in mutual funds, savings and pension plans, bancassurance, private banking, renting and leasing Established ininin 1988 Ibercaja Banco 100100%%%%Ownership Managing over €21bn 111 of assets Ibercaja Ibercaja Ibercaja assets Pension Gestión Patrimonios Pension fund Mutual fund Private AuM CAGR >>>11 >111111%%%%since 2002 management management Banking company company Market share well ininin excess ofofof Ibercaja Ibercaja thethethebanking business Mediación de Vida Seguros Non-life Highly valuable ininin current Life insurance insurance environment ofofof lowlowlow interest broker rates and high volatility 1 Mutual Funds, Pension Funds and Insurance Products managed or intermediated by Ibercaja 10 Overview of IbercajaBanco Ibercaja Financial Group (2/3) Ibercaja AuM Evolution ( €bnbnbn)bn ) Mutual funds Pension funds Insurance Others 21.6 21.7 19.6 1.2 1.3 18.2 1.0 0.9 6.1 6,3 13.7 12.7 13.0 12.9 13.0 13.1 6.4 11.1 11.1 0.7 6.6 0.8 1.0 0.8 0.8 0.7 4.7 0.4 4,6 3.2 3.1 0.7 3.7 3.9 4.6 4.9 4.4 7.4 2.9 3.2 4.3 6.3 2.8 3.1 5.0 1.8 2.3 3.4 3.6 3.3 3.5 1.3 0.9 3.0 1.1 0.7 7.8 9.6 9.5 0.6 5.5 6.0 5.9 6.4 3.4 4.3 4.8 4.2 5.1 4.7 4.5 4.6 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q2016 Commissions from NonNon----BankingBanking Business % of Average Total Assets ---1Q2016 Annualized --- Comm. from Non-BankingBusiness ( €mm) 167 % of Average Total Assets 148 Ibercaja 0.29% 133 118 Peer 1 0.26% 113 110 108 102 102 99 Peer 2 0.21% 0.30% 0.29% 0.28% 0.25% 0.24% Peer 3 0.18% 0.24% 0.24% 0.23% 0.22% 0.21% Peer 4 0.14% Peer 5 0.13% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Peer 6 0.07% Peer Group includes Bankinter, Caixabank, Sabadell ex TSB, Bankia, Liberbank & Popular 11 Overview of Ibercaja Banco Ibercaja Financial Group (3/3) 555 Life Insurance ––– Technical Provisions Market Share 5th largest Life Insurance Company (3.7% market share) +110 b.pb.pb.p.b.p ..