Popular, Inc. Supplements Proxy Statement

Popular, Inc. (the “Corporation”) (NASDAQ: BPOP) announced today that the Corporation has mailed to its stockholders a supplement to its Proxy Statement dated March 15, 2010. The supplement clarifies that broker non-votes and abstentions will not be counted as either a vote cast for or a vote cast against a nominee for director of the Corporation at the Annual Meeting of Stockholders to be held on May 4, 2010.

The supplement does not change the Proxy Statement other than as described above. The proxy card mailed to stockholders on or about March 19, 2010 remains valid and effective for the proposals set forth in the Proxy Statement as supplemented by the supplement and all proxy cards executed prior to the date of the supplement and not revoked prior to the Annual Meeting will be voted in accordance with the instructions contained in such proxy cards.

You may change your vote at any time before the vote takes place at the Annual Meeting. To do so or to vote by proxy if you have not yet voted, send in a new proxy card with a later date, or cast a new vote by telephone or over the Internet by following the instructions set forth in the supplement, or send a written notice of revocation to the President or Secretary of Popular, Inc., (751), P.O. Box 362708, San Juan, Puerto Rico 00936-2708, delivered before the proxy is exercised.

If you have not yet voted by proxy, we encourage you to do so by following these instructions:

VOTE BY PHONE - 1-800-690-6903

Use any touch-tone telephone to transmit your voting instructions up until 11:59 P.M. Eastern Time the day before the meeting date. Have your proxy card in hand when you call and follow the simple instructions the Vote Voice provides you.

VOTE BY INTERNET - www.proxyvote.com

Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 P.M. Eastern Time the day before the meeting date. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form.

VOTE BY MAIL

Please mark, sign, date and return the most recently mailed proxy card using the postage prepaid envelope enclosed therewith. No postage is required if mailed in the United States, Puerto Rico or the U.S. Virgin Islands.

If you have any questions, please contact Georgeson, Inc., which is assisting the Corporation in connection with the solicitation of proxies, toll-free at 866-316-3922.

About Popular

Founded in 1893, Popular, Inc. (NASDAQ: BPOP) is the leading banking institution by both assets and deposits in Puerto Rico and ranks 38th by assets among U.S. banks. In the United States, Popular has established a community banking franchise providing a broad range of financial services and products with branches in New York, New Jersey, Illinois, Florida and California. Popular also provides processing-technology services through its subsidiary EVERTEC, which processes approximately 1.1 billion transactions annually in the Caribbean and Latin America.

An electronic version of this press release can be found at the Corporation’s website, www.popular.com.

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