BBVA buy back programme

Banco Bilbao Vizcaya Argentaria SA
12 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) 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 August
11, 2005:


          Date                Buy / Sell                 No of shares             Price

       11/08/2005                Sell                          15,000             14.09
       11/08/2005                Sell                          15,000             14.10
       11/08/2005                Sell                       1,015,000             14.11
       11/08/2005                Sell                          15,000             14.12
       11/08/2005                Sell                          15,000             14.13
       11/08/2005                Sell                          15,000             14.14
       11/08/2005                Sell                          15,000             14.15


                                                         Madrid, August 12, 2005


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