Dividend Option Calendar April 2017

Description

Further to the relevant information dated 17th March 2017, BBVA hereby communicates information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Meeting of BBVA Shareholders held on 17th March 2017, under agenda item three, by which the shareholder remuneration system called “Dividend Option” is to be implemented.

Calendar:

31st March 2017: Publication of the announcement relating to the Capital Increase in the Official Gazette of the Companies Registry (BORME). Last trading date of the BBVA shares with the right to participate in the Capital Increase.

3th April 2017: Beginning of the trading period of the rights of free allocation. BBVA share trades “ex-coupon” (ex-date).

4th April 2017: Effective settlement date for the transactions executed on 31st March, in a D+2 settlement cycle (record date).

12th April 2017: Deadline for requesting payment in cash in execution of BBVA’s commitment to purchase the rights of free allocation under the indicated terms.

19th April 2017: Trading period of the rights of free allocation ends.

21th April 2017: Payment date to shareholders who have requested payment in cash in execution of BBVA’s commitment to purchase the rights of free allocation. Publication of the result of the Capital Increase.