TIDM32RL 
 
RNS Number : 1789W 
Caixa Galicia Pref SA Soc. Uni. 
23 July 2009 
 
23 July 2009 
 
 
Confirmation notice 
 
 
IMPORTANT NOTICE 
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON RESIDENT AND/OR LOCATED 
IN THE UNITED STATES 
OR THE REPUBLIC OF ITALY 
 
 
Series B EURO 250,000,000 Step-Up Fixed/Floating Rate Non-Cumulative Perpetual 
Guaranteed Preferred Securities (ISIN: XS0237727440) (the "Series B Preferred 
Securities") and Series C EURO 150,000,000 Floating Rate Non-Cumulative 
Perpetual Guaranteed Preferred Securities (ISIN: XS0294650535) (the "Series C 
Preferred Securities" and together with the Series B Preferred Securities, the 
"Preferred Securities") of Caixa Galicia Preferentes, S.A., Sociedad Unipersonal 
(the "Issuer") guaranteed by Caja de Ahorros de Galicia 
 
 
Cash tender offers in respect of up to EURO 201,000,000 Series B Preferred 
Securities and in respect of up to EURO 85,000,000 Series C Preferred Securities 
(the "Offers") and proposals to amend the terms and conditions of the Preferred 
Securities (the "Consent Solicitations") announced by the Issuer on 18 June 
2009 
 
 
Capitalised terms used herein and not otherwise defined shall have the meanings 
given to them in the tender offer and consent solicitation memoranda in 
connection with each of the Offers and Consent Solicitations dated 18 June 2009 
(the "Memoranda"). 
 
 
Pursuant to the terms of the Memoranda, the Issuer hereby confirms that (i) the 
Conditions Precedent of the Offers have been satisfied, (ii) it has not 
exercised its right to withdraw or revoke the Offers and/or the Consent 
Solicitations, and (iii) the sale and purchase agreements of the relevant 
Preferred Securities, in respect of which the Offers have been accepted, have 
been perfected ("perfeccionados"). 
 
 The total aggregate amounts in 
Liquidation Preference of Preferred Securities in respect of which the Offers 
have been accepted are (i) EUR 39,500,000 of Series B Preferred Securities and 
(ii) EUR 6,800,000 of Series C Preferred Securities. 
 
 
The Settlement date shall be Friday, 24 July 2009. 
 
 
On the Settlement Date, the Issuer will pay the Total Holder Consideration 
payable for each repurchased Preferred Security in immediately available funds 
delivered to the Clearing Systems for the account of the relevant Holders of 
Preferred Securities, against delivery to the Issuer of the relevant Preferred 
Securities. The Total Holder Consideration shall be comprised of the Tender 
Price plus the Accrued Distributions. The Accrued Distributions amount has been 
determined by the Issuer today according to the Memoranda and amount to: (i) in 
relation to the Series B Preferred Securities EUR 1,098,408.10 (being EUR 
1,390.39 per Series B Preferred Security) and (ii) in relation to the Series C 
Preferred Securities EUR 1,902.64 (being EUR 13.99 per Series C Preferred 
Security). 
 
 
Further information is available on request by eligible Holders of Preferred 
Securities from Lucid Issuer Services Limited at: 
 
 
Lucid Issuer Services Limited 
Leroy House 
436 Essex Road 
London N1 3QP 
United Kingdom 
 
 
Tel:        +44 20 7704 0880 
Attention:    Lee Pellicci / Sunjeeve D. Patel 
Email:    galicia@lucid-is.com 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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