The Spanish Exchange Trades 66 New Warrants Issued By La Caixa And 1 Certificate By Deutche Bank - The Number Of Warrants Issued So Far This Year Has Hit A Record 3,708

The Spanish Exchange today began trading 66 new warrants issued by La Caixa. The warrants are linked to a wide range of underlying assets, including domestic shares and indices and exchange rates.

As regards the Spanish underlying assets, 52 warrants were issued on Telefónica, Repsol, BBVA, SCH, Iberdrola and Inditex.

As to the warrants on indices, 7 were issued on the IBEX 35®.

As to the warrants on exchange rates, 7 issues were made on the Euro / Dollar.

Among the issues are call and put warrants with expiry dates in March and June 2007. They are all American style, that is, they are exercised on the expiry date.

Separately, a “Twin Win” certificate on the IBEX 35® has been issued by Deutsche Bank. Its expiry date is 31 July 2008.