BBVA 5Aug05 Buy Back Programm

Banco Bilbao Vizcaya Argentaria SA
05 August 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:



                            SIGNIFICANT EVENT


In connection with the buy back programme of BBVA shares announced by means of
the significant event number 56415 on March 29, 2005, and pursuant to article
4.4. of Regulation (CE) N(o) 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 August
4, 2005:




    Date          Buy / Sell     N(o) of shares     Price

    04/08/2005        Buy           645,000         13.71
    04/08/2005        Buy            35,000         13.73
    04/08/2005        Buy            35,000         13.74


                                                          Madrid, August 5, 2005




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