The Convertible Bonds have been admitted to LSE

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 opening, the conversion price and subsequent results of the voluntary conversion period on 7 March 2012, 29 March and 2 April 2012 respectively, Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA") hereby confirms that 157,875,375 new BBVA shares, each with a par value of forty-nine euro cents (€0.49), issued under the voluntary bond conversion of the Convertible Bonds have been admitted to trading on the London Stock Exchange on and with effect from 26 April 2012.