Remuneration of structured deposits

Characteristics of deposit

Name of deposit	Depósito Dual Retorno Garantido II BBVA
Institution	BANCO BILBAO VIZCAYA ARGENTARIA, S.A., SUCURSAL EM PORTUGAL
Start date	31-05-2010
Maturity date	31-05-2013
Term	3 years
Underlying market	Shares
Currency	EUR
Document	Retorno Garantido II BBVA .pdf

Remuneration of deposit

Rate of return on maturity date
Rate of return	See components

Component 1
Type:	Fix
Start date:	31-05-2010
Maturity date :	31-08-2010
Underlying market:	Fixed interest rate
Rate of return :	3,500%

Component 2
Type:	Indexed
Start date:	31-05-2010
Maturity date :	31-05-2013
Underlying market:	Shares
Rate of return :	0,328%