[Last updated: 1 February 2026, unless otherwise noted]

Initial listing

The Spanish Stock Exchange currently charges the following fees on domestic securities (those issued by a Spanish listed company):

• In relation to the study, exam and filing of proceedings, a fixed fee of €2,000 (approximately US$2,349).
• In relation to admission to listing rights of national securities (shares issued by Spanish companies), €0.12 (approximately US$0.14) per thousand over the capitalization value of the shares to be admitted to trading, calculated as of the first market value they obtain, with a minimum of €7,000 (approximately US$8,222) or 0.5% of the capitalization value of the shares to be admitted to trading, whatever is the lower, and a maximum of €600,000 (approximately US$704,724).

Additionally, the CNMV charges the following fees for the registration of the prospectus and the verification of the necessary requirements for the listing of the shares:

• In relation to admission to listing of Spanish shares in a Spanish regulated market (such as those issued by Spanish companies), 0.01% over the value of the public offering, with a floor and a cap of €4,000 (approximately US$4,698) and €70,000 (approximately US$82,218), respectively. In case of shares of a company admitted to trading for the first time, the floor is €25,000 (approximately US$29,364).
• In relation to admission to listing of shares issued in another EU member state under a prospectus approved by the relevant regulator of such EU member state, 0.002% over the value of the public offering, with a floor and a cap of €600 (approximately US$705) and €11,000 (approximately US$12,920), respectively. In case of shares of a company admitted to trading for the first time, the floor amounts to €4,000 (approximately US$4,698).

Ongoing fees

In general terms, the annual amount of fees will be €0.05 (approximately US$0.06) per thousand over the capitalization value of the shares admitted to trading at closing of the last session of the previous fiscal year.