2nd - Buy back programme

Banco Bilbao Vizcaya Argentaria SA
21 April 2005

                                 RELEVANT EVENT

In connection with the buy back programme of BBVA shares announced by means of
the relevant event number 56415 on March 29, 2005, and pursuant to article 4.4.
of Regulation (CE) No 2273/2003 of the European Commission, Banco Bilbao
Vizcaya Argentaria, S.A. announces that the company Corporacion Industrial y de
Servicios, S.L., fully owned subsidiary of the group BBVA, has conducted the
following trades in shares of Banco Bilbao Vizcaya Argentaria, S.A. on April 20,
2005:

           Date           Buy / Sell             No of shares      Price
        20/04/2005            Buy                        75.000      12,07
        20/04/2005            Buy                       586.006      12,08
        20/04/2005            Buy                        75.000      12,09
        20/04/2005            Buy                       100.000      12,10

                                                          Madrid, April 21, 2005



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