BBVA Buy back prgramme

Banco Bilbao Vizcaya Argentaria SA
04 May 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
29, 2005:




        Date                Buy / Sell            No of shares           Price
     29/04/2005                Buy                      50,000             11.89
     29/04/2005                Buy                      25,000             11.90
     29/04/2005                Buy                      50,000             11.91
     29/04/2005                Buy                     100,000             11.92
     29/04/2005                Buy                     150,000             11.93
     29/04/2005                Buy                      45,200             11.93
     29/04/2005                Buy                      50,000             11.94
     29/04/2005                Buy                     389,413             11.95
     29/04/2005                Buy                       4,800             11.95



                                                           Madrid,  May  4, 2005


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