ADRs

The BBVA stock is traded on the New York Stock Exchange in the form of American Depositary Receipts. ADRs are attractive as they allow US investors to trade non-US securities while receiving dividends and booking capital gains in US dollars.

An American Depositary Receipt (ADR) is issued by a depositary bank and represents ownership of a number of underlying American Depositary Shares (ADS). Each ADS represents one ordinary share in BBVA.

ADRs are quoted and traded in US dollars just like any other US security. Investors can buy and sell ADRs in BBVA through the Global BuyDIRECT Plan, a direct purchase and dividend reinvestment programme for depositary receipts.

ADRs in BBVA can be exchanged any time for shares listed on the Spanish equity market.

Holders of ADRs receive dividends as smoothly as they would other cash distributions for listed US securities. Dividends are paid through brokers or, for registered holders of ADRs, by check or electronic debit from BBVA’s depositary bank.

Information on historical dividend payments can be obtained from the BNY Mellon website.

Symbol:	BBVA
Exchange:	New York Stock Exchange
ADS/Ordinary Ratio:	1:1
Depositary Bank:	BNY Mellon

For shareholder enquiries, please contact Ed Bilek, Shareholder relations BBVA. Contact details can be found in the right hand column.

Information

Dividend option Information for Registered owners

April 2013 dividend option Questions & Answwers

Click here to see the ADR price