3th Buy back programme BBVA

Banco Bilbao Vizcaya Argentaria SA
22 April 2005



'BBVA, S.A.', pursuant to the provisions of article 82 of the Spanish Securities
Market Act, proceeds by means of the present document to notify the following:


                              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
21, 2005:


   Date                Buy / Sell         No of shares             Price
21/04/2005                Buy                  100,000             11.99
21/04/2005                Buy                  100,000             12.00
21/04/2005                Buy                   75,000             12.01
21/04/2005                Buy                   75,000             12.02
21/04/2005                Buy                   75,000             12.03
21/04/2005                Buy                  275,000             12.04
21/04/2005                Buy                   75,000             12.05
21/04/2005                Buy                  250,000             12.07

                                                         Madrid, April 22,  2005



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