Analyst Coverage (*) Date Firm Name Analyst Rating Contact 11/21/11 La Caixa Antonio Castell Buy eMail 10/20/11 Cheuvreux Iñigo Egusquiza Overperform eMail 09/28/11 Banesto Juan Tuesta Buy eMail 07/26/11 BES Nuno Estacio Neutral eMail 05/04/11 Banco Sabadell Maria Cebollero Sell eMail Santander has ceased its coverage on 02/02/2010 with an Underweight rating. UBS (Ignacio Sanz) has ceased its coverage on 09/27/2010 with a Buy rating. (*) Cazenove (Chris Brown), Liberum Capital (Katherine Burgdorf), Numis Securities (James Glass) and RBS (Louisa Symington-Mills) follow Dinamia without full coverage.