The Spanish Exchange Trades 130 New Warrants Issued By BBVA Banco De Financiación - The Incorporation Of These Warrants Brings The Total Figure For 2005 To 1,806, Setting A New Record For The Market

The Spanish Exchange on December 30 began trading 130 new warrants issued by BBVA Banco de Financiación. The underlying assets for the warrants are domestic and foreign shares and indices as well as exchange rates.

As to the warrants on exchange rates, 20 were issued on this underlying asset, of which 5 correspond to the Euro / Yen exchange rate, 10 to the Euro / Dollar and 5 to the Dollar / Mexican Peso.

The Spanish shares that will act as the underlying assets for 61 warrant are as follows: Altadis, BBVA, Endesa, Gas Natural, Iberdrola, Inditex, Indra, Banco Popular, Repsol, SCH, Sogecable, Telefónica, Telefónica Moviles and Zeltia.

Among the warrants issued on foreign shares, 37 have been issued on the following underlying assets: Alcatel, Arcelor, AXA, BNP Paribas, Deutsche Bank, Deutsche Telekom, France Telecom, ING, Nokia y Total Fina.

As to the warrants issued on indices, 6 have been issued on the Ibex-35 and 5 on the international Dow Jones Eurostoxx 50.

Among the issues are call and put warrants, with expiry date in September 2006 except for the warrants issued on exchange rates, whose expiry date is June 2006. All the warrants issued are American style, that is, they are exercised automatically by the issuer on the expiry date.

In addition to this, an Asian style issue was made on the Ibex 35, with expiry date in September 2010.