Buy back programme of shares

Banco Bilbao Vizcaya Argentaria SA
19 April 2005



RELEVANT EVENT


First announcement regarding the buy back programme
of own shares  of BBVA


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 April
18, 2005:



      Date             Buy / Sell                  N(o) of shares          Price
   18/04/2005              Buy                             50.000          12,07
   18/04/2005              Buy                            115.926          12,08
   18/04/2005              Buy                            234.074          12,09
   18/04/2005              Buy                            200.000          12,10
   18/04/2005              Buy                            150.000          12,11
   18/04/2005              Buy                            100.000          12,12
   18/04/2005              Buy                             50.000          12,13
   18/04/2005              Buy                             50.000          12,14
   18/04/2005              Buy                             50.000          12,15
   18/04/2005              Buy                            450.000          12,16
   18/04/2005              Buy                             50.000          12,17
   18/04/2005              Buy                            100.000          12,18
   18/04/2005              Buy                            100.000          12,19
   18/04/2005              Buy                            100.000          12,20





                                                         Madrid, April 19,  2005






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