BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

June 30, 2010, the plan assets covering these obligations were invested in both equity and fixed-income
securities.
26.2.3 Estimated future payments for commitments with employees in the BBVA Group
The estimated benefit payments in millions of euros over the next 10 years for all the companies in Spain,
Mexico, Portugal and the United States are as follows:
Millions of Euros
Future Estimated Payments for
Post-Employment Commitments
2011 2012 2013 2014 2015 2016-2020
Pensions Spain 175 174 173 170 170 823
Early-Retirement Spain 546 504 460 412 400 1,198
Welfare Benefits Spain 19 18 17 17 17 83
Pensions México 30 31 31 32 31 191
Pensions Portugal 16 17 18 18 18 102
Pensions United States 8 8 9 10 10 63
Total 794 752 708 659 646 2,460
27. COMMON STOCK
As of June 30, 2010, the share capital of BBVA amounted to €1,836,504,869.29, divided into 3,747,969,121
fully subscribed and paid-up registered shares, all of the same class and series, at €0.49 par value each,
represented through book-entry accounts.
All BBVA shares carry the same voting and dividend rights and no single stockholder enjoys special voting
rights.
BBVA shares are traded on the continuous market in Spain, as well as on the London and Mexico stock
markets. American Depositary Shares (ADSs) listed in New York are also traded on the Lima (Peru) Stock
Exchange, by virtue of an exchange agreement between these two exchanges.
Also, as of June 30, 2010, the shares of BBVA Banco Continental, S.A., Banco Provincial S.A., BBVA
Colombia, S.A., BBVA Chile, S.A., BBVA Banco Frances, S.A. and AFP Provida were listed on their
respective local stock markets, the latter two also being listed on the New York Stock Exchange. BBVA
Banco Frances, S.A. is also listed on the Latin-American market of the Madrid Stock Exchange.
As of June 30, 2010, Manuel Jove Capellán held 4.22% of BBVA common stock through the companies
Inveravante Inversiones Universales, S.L. and Bourdet Inversiones, SICAV, S.A.
As a result of the acquisition of the business of Barclays Global Investors (BGI) as of December 1, 2009, the
company Blackrock Inc, whose registered office is in the United Kingdom, had an indirect holding of 4.45% in
BBVA's common stock as of June 30, 2010, through the company Blackrock Investment Management (UK).
In addition, as of the same date, Chase Nominees Ltd, State Street Bank and Trust Co. and the Bank of New
York Mellon, in their capacity as international custodian/depositary banks, held 6.55%, 4.97% and 3.84% of
BBVA common stock, respectively.
BBVA is not aware of any direct or indirect interests through which ownership or control of the Bank may be
exercised.
BBVA has not been notified of the existence of any agreements between shareholders to regulate the
exercise of voting rights at the Bank’s AGMs, or to restrict or place conditions upon the free transferability of
BBVA shares. It is also not aware of any agreement that might result in changes in the control of the issuer.
At the AGM held on March 13, 2009 the shareholders resolved to delegate to the Board of Directors, in
accordance with Article 153.1.b) of the Spanish Corporations Act, the power to increase capital, on one or
more occasions, by a maximum par value equal to 50% of the Company’s subscribed and paid-up share
capital at the date of the resolution, i.e. €918,252,434.60. Article 159.2 of the Corporations Act empowers the
Board to exclude the preferred subscription right in relation to these share issues, although these powers will
be limited to 20% of the Company's common stock. The directors have the legally-established time period
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