BBVA buy back programme

Banco Bilbao Vizcaya Argentaria SA
05 August 2005





With reference to the RNS announcement 7335P (4 August 2005), we inform that the
transactions carried out on August 3, were purchases instead of sales. So that
announcement has to be as indicated below:





'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 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 July 28
and August 1 and 3, 2005:




         Date                Buy / Sell         No  of shares           Price
    28/07/2005              Sell                  25,000                 13.93
    28/07/2005              Sell                  25,000                 13.94
    28/07/2005              Sell                  25,000                 13.95
    28/07/2005              Sell                  25,000                 13.96
    28/07/2005              Sell                  25,000                 13.97
    28/07/2005              Sell                  25,000                 13.98
    28/07/2005              Sell                  25,000                 13.99
    28/07/2005              Sell                  50,000                 14.00
    28/07/2005              Sell                  25,000                 14.01
    28/07/2005              Sell                  25,000                 14.02
    28/07/2005              Sell                  25,000                 14.03
    01/08/2005              Sell                  20,000                 13.92
    01/08/2005              Sell                  20,000                 13.93
    03/08/2005              Buy                   30,000                 13.69
    03/08/2005              Buy                   30,000                 13.70
    03/08/2005              Buy                   50,000                 13.74
    03/08/2005              Buy                   100,000                13.82



                                                           Madrid, 4 August 2005


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