BANCO BILBAO VIZCAYA ARGENTA

Ticker: BBVA CUSIP: 05946K101 Class: ADR

RATIONAL ADVISORS LLC's Holding History (CIK: 0001143565)

Note: Option positions (PUT/CALL) are excluded.

Q1 2012
Shares 46,000 Value ($000) $368 Avg Close — Range —
Q4 2011
Shares 35,000 Value ($000) $300 Avg Close — Range —
Q3 2011
Shares 567,774 Value ($000) $4,616 Avg Close — Range —
Q2 2011
Shares 558,774 Value ($000) $6,560 Avg Close — Range —
Q1 2011
Shares 540,774 Value ($000) $6,489 Avg Close — Range —
Q4 2010
Shares 540,774 Value ($000) $5,500 Avg Close — Range —
Q1 2010
Shares 540,774 Value ($000) $7,403 Avg Close — Range —
Q4 2009
Shares 540,774 Value ($000) $9,756 Avg Close — Range —
Q3 2009
Shares 540,774 Value ($000) $9,647 Avg Close — Range —
Q2 2009
Shares 452,874 Value ($000) $5,688 Avg Close — Range —
Q1 2009
Shares 602,950 Value ($000) $4,902 Avg Close — Range —