BUY BACK PROGRAMME OF BBVA

Banco Bilbao Vizcaya Argentaria SA
29 April 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 April
28, 2005:

         Date           Buy / Sell            No of shares              Price
      28/04/2005           Buy                   75,000                 11.91
      28/04/2005           Buy                   75,000                 11.92
      28/04/2005           Buy                   75,000                 11.93
      28/04/2005           Buy                   75,000                 11.94


                                                         Madrid, April 29,  2005


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