Re:                                                                                             CAIXA PENEDES CAPITAL
II S.A.
                                                                                                 EUR 125000000
                                                                                                 MATURING: 31-Dec-2099
                                                                                                 ISIN: XS0257959113
                                                                                                                              
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 22-Dec-2008 TO 23-Mar-2009 HAS BEEN FIXED AT 4.355000 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 23-Mar-2009 WILL AMOUNT TO:
 EUR 550.42 PER EUR 50000 DENOMINATION
    
    


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