Acquisition

Banco Bilbao Vizcaya Argentaria SA
12 June 2006


Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), 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

Additionally to the disclosed agreement with Texas Regional Bancshares Inc, BBVA
has reached today an agreement for the acquisition of another USA banking group
quoted on the Nasdaq, State National Bancshares Inc., also domiciled and with
its principal activity in Texas. The acquisition price agreed with the Boards of
Directors of the target is $38.50 per share, which amounts to a total price of
approximately $480 million, which shall also be fully paid with internal
resources.

The acquisition will take place through a reverse subsidiary merger. The merger
will only become effective, as provided by the applicable legislation, when 2/3
of the capital represented in the general shareholders meetings of the targeted
entity approve the merger and, as is customary in these types of transactions,
the necessary administrative authorizations have been obtained.

Tomorrow, at 9.30 a.m. (Madrid time) the transaction shall be presented to
analysts and investors. There will be a live webcast of the presentation which
may be accessed from BBVA's corporate site (www.bbva.com), and which will be
available for replay at BBVA's corporate web during at least the following
month.


                                                           Madrid, June 12, 2006


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