Directorate Change

Banco Bilbao Vizcaya Argentaria SA
8 May 2002



                    SUSANA RODRIGUEZ VIDARTE, RICARDO LACASA 
                      AND ROMAN KNORR JOIN THE BOARD OF 
                            DIRECTORS OF BBVA

• New chairpersons appointed to the Board committees

• New, short-term committee set up to draw up the new code of corporate 
  government

At the proposal of the Chair, Francisco Gonzalez, the Board has appointed
Susana Rodriguez Vidarte, Ricardo Lacasa and Roman Knorr as new directors.

The Board has also approved the reorganisation of the Board committees and
appointed chairpersons for them. As part of this reorganisation, a short-term
committee has been set up to prepare recommendations for the drawing up of a new
code of corporate government.

Susana Rodriguez Vidarte is Dean of the La Comercial Faculty of Economics and
Business Science at the University of Deusto; Ricardo Lacasa is a former C.E.O.
of Banco Popular with broad experience in banking; and Roman Knorr is a
businessman and the chairman of the Basque employer's association Confebask.

The incorporation of these new directors and the changes in the committees mark
a new period for BBVA in which the Board of Directors will play a more active
role in monitoring and co-ordinating with the management staff, and in
supervising corporate strategy.

Roman Knorr also joined the Standing Committee, which is chaired by Francisco
Gonzalez. The remaining members are Jesus Maria Cainzos, Jose Ignacio
Goirigolzarri, Enrique Medina, Jose Maria San Martin and Jaume Tomas. The
Monitoring and Compliance Committee will be chaired by Ricardo Lacasa.

A Risks Committee has been set up to replace the Operations Committee. It has
overall strategic functions in risk definition, in line with the principles
announced by Basle II. This committee will be chaired by Jesus Maria Cainzos.

The Board of Directors also agreed to reorganise the Remuneration Committee,
which is to be chaired by Ignacio Ferrero, so that there are no executive
directors among its members. The Board's informative committees will be chaired
by Ramon Bustamante.

Finally, the Board has approved the setting up of a new, short-term committee
comprising the chairs of the Risks Committee, Jesus Maria Camzos, the Monitoring
and Compliance Committee, Ricardo Lacasa, the Remuneration Committee, Ignacio
Ferrero, and the Director/ Secretary to the Board, Jose Maldonado. This
committee will have the job of drawing up recommendations for the preparation of
the new BBVA code of corporate government.




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