Disposal

Banco Bilbao Vizcaya Argentaria SA
09 March 2006





Banco Bilbao Vizcaya Argentaria, 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:



RELEVANT EVENT




BBVA has reached an agreement to sell its stake of 51% in the share capital of
Banc Internacional d'Andorra, S.A. to the rest of the shareholders of said
entity, the founding partners of the bank, for a price of 395,15 million Euros.
The transfer will only be fully effective once the necessary authorizations and
registrations have been obtained.



Through this sale, BBVA will obtain a net capital gain of 111,9 million Euros.









                                                      Madrid, March 09, 2006




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