Delisting in Argentina

Banco Bilbao Vizcaya Argentaria SA
16 June 2004


                               SIGNIFICANT EVENT


Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports that the Buenos Aires Stock
Exchange has authorized, to the request of BBVA and after getting a favourable
opinion from the argentinian authorities, to delist BBVA shares from that
market.

                                                                   June 15, 2004


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