Banco Bilbao Vizcaya Argentaria S.A.

Share Issue/Capital Change • Apr 6, 2022

National Storage Mechanism | Additional information

RNS Number : 5374H

Banco Bilbao Vizcaya Argentaria SA

06 April 2022

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance with the Securities Market legislation, hereby proceeds to notify the following:

INSIDE INFORMATION

Pursuant to the terms and conditions of the issuance of preferred securities contingently convertible into ordinary shares of BBVA, carried out by BBVA on 24 May 2017 for a total amount of EUR 500 million, with ISIN code XS1619422865 (the "Issuance"), and once the prior consent from the Regulator has been obtained, BBVA hereby announces its irrevocable decision to early redeem the Issuance on 24 May 2022 (i.e., the First Reset Date).

The Redemption Price per Preferred Security shall be EUR 202,937.50, which is equal to the Liquidation Preference plus any unpaid Distributions accrued until (but excluding) 24 May 2022, and shall be paid to Holders in accordance with the terms and conditions of the Issuance.

Madrid, 6 April 2022

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