BBVA BUY BACK PROGRAMME

Banco Bilbao Vizcaya Argentaria SA
30 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
29, 2005:



  Date                         Buy / Sell                   N(o) of shares      Price
29/08/005                          Buy                           55,000         13.36
29/08/005                          Buy                           80,000         13.37
29/08/005                          Buy                          260,000         13.38
29/08/005                          Buy                          180,000         13.39
29/08/005                          Buy                           35,000         13.40
29/08/005                          Buy                           90,000         13.41
29/08/005                          Buy                          145,000         13.42
29/08/005                          Buy                          228,545         13.43
29/08/005                          Buy                          387,302         13.44
29/08/005                          Buy                          309,354         13.45
29/08/005                          Buy                          550,000         13.46
29/08/005                          Buy                          200,000         13.47
29/08/005                          Buy                           33,815         13.49
29/08/005                          Buy                          100,000         13.50
29/08/005                          Buy                          575,000         13.51







                                                         Madrid, August 30, 2005


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