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

INSIDE INFORMATION

Further to the notice of (i) Inside Information of 29 October 2021, with CNMV registration number 1127 (the "Initial II"); (ii) Inside Information of 3 February 2022, with CNMV registration number 1277; and (iii) Inside Information of 16 March 2022, with CNMV registration number 1365 (the "Second Tranche Execution II"), BBVA hereby notifies that:

1)   It has agreed to complete the Program Scheme[1] by executing the Second Segment[2] for the purpose of reducing BBVA's share capital, for a maximum amount of 1,000 million Euros and a maximum number of BBVA shares to be acquired of 149,996,808.

2)   The Second Segment, which will also be executed externally, through a lead-manager, is expected to commence on 1 July 2022 and will end no later than 29 September 2022.

BBVA will carry out a separate communication prior to the commencement of the execution of the Second Segment with its specific terms and conditions.

Madrid, 28 June 2022