The Resolution of 5 September 2014, of the General Secretariat of the Treasury and Financial Policy, defining the principle of financial prudence applicable to the borrowing operations of the autonomous communities of common rules and cities with autonomy status which are included in the Autonomic Liquidity Fund provides in its third article that " the maximum total cost of borrowing operations, including commissions and other expenses including commissions and other expenditure, other than the fees referred to in the following paragraph, shall not exceed the rates fixed or the applicable maximum differentials which the General Secretariat of the Treasury and Financial Policy publishes on a monthly basis. The maximum published costs shall remain in force for as long as no new costs are published. "

According to that monthly update obligation on the applicable maximum fixed rates or spreads, a new Annex is published, which will replace the Annex included in the Resolution of 5 September 2014.

Madrid, 2 October 2014. -Secretary General of the Treasury and Financial Policy, Rosa María Sánchez-Yebra Alonso.

ANNEX

Maximum differentials applicable for the purposes of compliance with the third paragraph of the Resolution of 5 September 2014, of the General Secretariat of the Treasury and Financial Policy

2

18

20

528

Fixed interest rates and maximum applicable differential rates for operations whose exact average life is not published in this table shall be subject to linear interpolation between the two most different types or spreads. close to the average time of the operation.