Sabadell to Open Remote Voting for August 6 Meetings on July 15

Shareholders of Banco Sabadell wishing to attend the two meetings scheduled for August 6 remotely, one to approve the sale of TSB to Santander (10:00 AM) and the other to approve the extraordinary dividend (1:00 PM), must register in advance between 8:00 AM on July 15 and 5:30 PM on August 4 via the corporate website.

This was explained by the Catalan bank in the meeting announcements sent early this Friday to the National Securities Market Commission (CNMV).

Users of Banco Sabadell's remote banking service (BS Online and BS Mobile) can register using this service exclusively via the Internet, with their personal identification code.

Through this pre-registration process, the shareholder or their representative can connect to the Extraordinary General Meeting Participation Platform on the day of the meeting, that is, August 6 in the second call.

Given the date of the meetings, August 6, with many people already on holiday, it is expected that telematic participation in both meetings will be high.

Shareholders who decide to participate remotely in the meeting can vote from the moment they connect on the day of the meeting until the voting on the agreement proposals begins after the intervention period concludes at the physical meeting venue.

If the attendee does not indicate their voting preference, it will be understood that they vote in favor of the proposal submitted for approval.

Banco Sabadell announced yesterday its decision to call two extraordinary general shareholder meetings on the same day to vote on the sale of the British bank TSB and the distribution of a 50-cent dividend per share.

Specifically, the first meeting, which will address the sale of the entire TSB, along with other capital instruments and securities issued by this company, will take place at 10:00 AM on August 6.

The second meeting will occur three hours later and will also have a single agenda item, which will be the approval of an extraordinary cash dividend of 50 cents per share charged to freely available voluntary reserves. This dividend is conditional on the sale of TSB and will be payable on the last business day of the month following the receipt of the sale price.

Both meetings will be held at the Fira de Sabadell (Tres Creus Street, 202). In both cases, it is a second call, anticipating that they cannot be held on the first call the previous day.

The Catalan entity announced this week the sale of its British subsidiary, TSB, for about 2.65 billion pounds (3.1 billion euros) to Santander, a transaction that requires the approval of the meeting to close due to the passivity duty imposed by BBVA's takeover bid.

This will enable the payment of that dividend, which will represent a distribution of 2.5 billion euros. It will be added to the 1.3 billion euros that Sabadell plans to distribute ordinarily and charged to the 2025 profits. In total, the cash payment to its shareholders would be about 3.8 billion euros over the next 12 months.

The ordinary dividends, in principle, should be paid on August 29, December 29, and another after the 2026 shareholder meeting. This would be added to the extraordinary one, payable upon the closure of the TSB sale expected for March or April 2026.

Initially, both points (sale and dividend) were to be addressed in a single meeting, but the bank's CEO, César González-Bueno, indicated earlier this week that the CNMV was considering whether it was appropriate to hold two meetings, as will finally be the case.