CRZBY Commerzbank Ag (PK)

Post-stabilisation notice

19th March 2015

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

                                CaixaBank S.A.
                     € 1 bn Cédulas Hipotecarias due 2025

                             Stabilisation Notice

Commerzbank Aktiengesellschaft (contact : Denis Rath, telephone: +44 20 7475
3066) hereby gives notice that no stabilisation (in accordance with Commission
Regulation (EC) No. 2273/2003) was undertaken by the Stabilising Manager(s) in
relation to the offer of the following securities.

Issuer:                               CaixaBank S.A.

Guarantor (if any):                   none

ISIN:                                 ES0440609271

Aggregate nominal amount:             EUR 1,000,000,000

Description:                          0.625 % Notes due 27th March 2025

Stabilisation Manager (s):            Coordinating Stabilisation Manager:
                                      Commerzbank Aktiengesellschaft
                                      Stabilisation Managers:
                                      CaixaBank, Goldman Sachs, Natixis and
                                      Nomura

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would be
unlawful.