Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

The Spanish Exchange Trades 211 New Warrants Issued By BNP Paribas - BME To Become, For The First Time, An Underlying Asset For The Warrants

Date 22/05/2007

The Spanish Exchange today began to trade 200 new warrants and 11 turbo warrants issued by BNP Paribas.

The new issues are linked to a wide range of underlying assets, among which it is worth highlighting two call warrants, which, for the first time, have been linked to Bolsas y Mercados Españoles’ stock.

As regards warrants whose underlying assets are commodities, 4 were issued on the Brent oil futures contract and 3 on the Gold ounce.

The 108 warrants on Spanish shares were issued on the following underlying assets: Acciona, Altadis, Avanzit, Banco Popular, Bankinter, BBVA, Bolsas y Mercados Españoles, Ercros, Endesa, Faes Farma, Gamesa, Grifols, Iberdrola, Iberia, Inditex, Indra, Jazztel, Prosegur, Repsol, Sacyr Vallehermoso, SCH, La Seda de Barcelona, Sociedad General de Aguas de Barcelona, Sogecable, Sniace, Sol Meliá, Telefónica and Unión Fenosa. It is worth mentioning the incorporation of the following underlying assets: Avanzit, Bolsas y Mercados Españoles, Ercros, Faes Farma, Grifols, Prosegur, La Seda de Barcelona and Sniace.

As to the warrants on foreign shares, 54 were issued on the following underlying assets: Apple, Alcatel-Lucent, Cisco Systems, Deutsche Telekom, EADS, Google, Intel, Microsoft, Nokia and Total. As regards the warrants on indices, 9 were issued on the Ibex 35, 4 on the Nikkei, 4 on the Standard&Poor’s 500 and 5 on the DJ Euro Stoxx 50. As regards exchange rates 9 issues were made on the euro / dollar exchange rate, of which 6 are call warrants and 3 put. Among the issues are call and put warrants. They are all European style, that is, they are exercised automatically on the expiry date.

With regard to turbo warrants, 11 were issued on the Ibex 35, which carry a barrier level whereby if the price of the underlying asset hits the said barrier, the turbo warrant is exercised in advance of its expiry date.