FIRST INTERIM DIVIDEND AGAINST 2011 RESULTS

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), pursuant to the provisions of the Spanish Securities Market Act, hereby proceeds by means of the present document to notify the following:

RELEVANT INFORMATION

BBVA's Board of Directors has approved today the distribution, as gross interim dividend against 2011 results, of euros 0.10 for each of all current issued shares.

Gross dividend: 0.10 euros per share

Net dividend: 0.081 euros (withholding tax rate of 19%)

Ex-dividend date: Friday, July 8th, 2011

The dividend will be paid as of next July 8th, 2011, according to the regulations applicable to the depositary entities and using the means that IBERCLEAR provides to such entities.

Madrid, June 22, 2011