Post Stabilisation Notice - BBVA

20-Mar-19

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in

which such distribution would be unlawful.

Banco Bilbao Vizcaya Argentaria, S.A

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 14/02/20191 Deutsche Bank AG London (contact: DCM Syndication TA; telephone: 0207 54 54153 hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority)2 was undertaken by the Stabilisation Manager(s)3 named below in relation to the offer of the following securities.

The Securities:

Issuer: Banco Bilbao Vizcaya Argentaria, S.A

Guarantor (if any):

Aggregate nominal amount: EUR750m

Description: BBVA EUR750m 10NC5 T2

Stabilisation Manager(s): BBVA, Credit Agricole CIB, Deutsche Bank, Goldman Sachs International, NatWest Markets and Nomura

Offer Price: 100%