CIFH's sale

A LA COMISIÓN NACIONAL DEL

MERCADO DE VALORES

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), de conformidad con lo establecido en la legislación del Mercado de Valores, comunica el siguiente:

HECHO RELEVANTE

BBVA has today signed an agreement to sell its participation of 29.68% in Citic International Financial Holdings Limited (CIFH), to China CITIC Bank Corporation Limited (CNCB). CIFH is a non listed subsidiary of CNCB domiciled in Hong Kong. CNCB will thereafter hold a 100% interest in CIFH. The selling price is 8,162 million HK$, equivalent to approximately 845 million euros. The closing of such agreement is subject to the relevant regulatory approvals.

The estimated impact on the consolidated financial statements of the BBVA Group will be a negative impact on the P&L of approximately 25 million euros. The sale will generate a positive impact on the Common Equity Tier 1 fully loaded ratio of approximately 20 bp, equivalent to a capital generation of more than 700 million euros.

Madrid, December 23, 2014