The Board of Directors of Banco Bilbao Vizcaya Argentaria, S.A., in its meeting held on December 17, 2014, has approved the appointment of the independent director Mr. José Antonio Fernández Rivero, as Lead Independent Director of the Board of Directors. In addition, the Board of Directors of BBVA has agreed to modify the composition of the Audit and Compliance Committee of the Board, which will be comprised as follows: Chairman Mr. José Luis Palao García-Suelto and Members Mr. Tomás Alfaro Drake, Mrs. Belén Garijo López and Mr. Carlos Loring Martínez de Irujo.