Capital increase

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

Further to its announcement on 22 December 2011 in relation to a mandatory convertible bonds issuance (the "Convertible Bonds") and its further announcements made regarding the mandatory conversion of the Convertible Bonds on 22 June 2012, 29 June 2012 and 4 July 2012, Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") hereby confirms that 238,682,213 new BBVA shares, each with a par value of forty-nine euro cents (€0.49), issued under the mandatory bond conversion of the Convertible Bonds, have been admitted to trading on the London Stock Exchange on and with effect from 17 July 2012.