Dividend Option Calendar April 2016

Description

BBVA hereby communicates information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Shareholders’ Meeting of BBVA held on 11th March 2016, under section 3.1 of agenda item three, by which the shareholders remuneration system called “Dividend Option” is to be implemented.

Calendar:

4th April 2016 (23:59 Madrid (Spain) local time): Record date for allocation of rights.
5th April 2016: Free allocation rights trading period begins in Spain.
14th April 2016: Deadline for exercising the undertaking to acquire the rights of free allocation assumed by BBVA on the terms set forth above.
19th April 2016: Free allocation rights trading period ends.

21st April 2016: Date of payment to whoever has exercised the undertaking to acquire rights assumed by BBVA6.
27th April 2016: Initiation of ordinary trading of the New Shares on the Spanish Stock Exchanges7, subject to obtaining all necessary authorizations.