BBVA Buy back programme

Banco Bilbao Vizcaya Argentaria SA
10 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 May 9,
2005:




         Date                 Buy / Sell             No of shares       Price
      09/05/2005                 Buy                     80,000         12.28
      09/05/2005                 Buy                     48,972         12.29
      09/05/2005                 Buy                    240,000         12.30









                                                            Madrid, May 10, 2005


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