Dividend Option Calendar October 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 13th March 2015, under agenda item fourth, section 4.2, by which a system of flexible shareholder remuneration called “Dividend Option” is to be instrumented.

Calendar:

2nd October 2015 (23:59 Madrid (Spain) time): Record date for allocation of rights.

5th October 2015: Rights trading period begins in Spain.

14th October 2015: Deadline for exercising the undertaking to acquire the rights of free allocation assumed by BBVA on the terms set forth above.

19th October 2015: Rights trading period ends.

22nd October 2015: Date of payment to shareholders who have exercised the undertaking to acquire rights assumed by BBVA.

30th October 2015: Initiation of ordinary trading of the New Shares on the Spanish Stock Exchanges6, subject to obtaining all necessary authorizations.