BBVA buy back programme

Banco Bilbao Vizcaya Argentaria SA
13 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) 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 June 9
and 10, 2005:




         Date                 Buy / Sell        N(o) of shares         Price

      09/06/2005                 Sell               25,000             12.73
      10/06/2005                 Buy               150,000             12.78
      10/06/2005                 Sell               25,000             12.77
      10/06/2005                 Sell               25,000             12.78

      10/06/2005                 Sell               25,000             12.79
      10/06/2005                 Sell                7,500             12.80




                                                          Madrid, June 13, 2005



                      This information is provided by RNS
            The company news service from the London Stock Exchange