Moody's: Modification of BBVA's rating

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

Moody's Investor Service has disclosed on June, 25th 2012 the modification of BBVA´s rating, as follows:

o LT Rating: Baa3 from A3. Rating on review for downgrade

o ST Rating: P-3 from P-2

o Dated subordinated debt rating: Ba1 from Baa1. Rating on review for downgrade

o Preference shares rating: B1 from Ba1. Rating on review for downgrade

Madrid, June 26th, 2012