[Last updated: 1 January 2024, 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 €1,500 (approximately US$1,658).
• In relation to admission to listing rights of national securities (shares issued by Spanish companies), 0.11 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 €6,000 (approximately US$6,630) or 0.5% of the capitalization value of the shares to be admitted to trading, whatever is the lower, and a maximum of €500,000 (approximately US$552,500).

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$4,420) and €70,000 (approximately US$77,350), respecti In case of shares of a company admitted to trading for the first time, the floor is €25,000 (approximately US$27,625).
• 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$663) and €11,000 (approximately US$12,155), respectively. In case of shares of a company admitted to trading for the first time, the floor amounts to €4,000 (approximately US$4,420).

Ongoing fees

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