BBVA Acquisition of shares

Banco Bilbao Vizcaya Argentaria SA
22 June 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 June 20
and 21, 2005:




          Date            Buy / Sell              No of shares          Price
       20/06/2005             Buy                      300,000          12.83
       21/06/2005             Buy                      100,000          12.70
       21/06/2005             Buy                      100,000          12.71
       21/06/2005             Buy                      115,000          12.72
       21/06/2005             Buy                      140,000          12.73
       21/06/2005             Buy                      140,000          12.74
       21/06/2005             Buy                      532,781          12.75
       21/06/2005             Buy                      302,219          12.76
       21/06/2005             Buy                      235,000          12.77
       21/06/2005             Buy                    1,135,000          12.78
       21/06/2005            Sell                       25,000          12.89






                                                           Madrid, June 22, 2005


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