Dividend Option Calendar April 2015

Description

BBVA hereby communicates information relating to the free-of-charge capital increase resolved by the Ordinary General Meeting of BBVA shareholders held on March 13th, 2015, under agenda item fourth, section 4.1, by which a system of flexible shareholder remuneration called “Dividend Option” is to be instrumented.

Calendar:

30th March, 2015: Rights trading period begins in Spain.
9th April, 2015: Deadline for exercising the undertaking to acquire the rights of free allocation assumed by BBVA on the terms set forth above.
14th April, 2015: Rights trading period ends.
17th April, 2015: Date of payment to shareholders who have exercised the undertaking to acquire rights assumed by BBVA.
24th April, 2015: Initiation of ordinary trading of the New Shares on the Spanish Stock Exchanges5, subject to obtaining all necessary authorizations.