Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
02 April 2004




Payment of Final Dividend and

1Q04 Financial Results Release




1. FINAL DIVIDEND

The BBVA General Shareholders' Meeting held on February 28th, 2004, approved a
total dividend per share for 2003 of 38.4 eurocents (Significant Event of 28
February 2004 regarding the passed resolutions of the last General Shareholders
Meeting), which is a 10.3% increase with regards to the 2002 dividend paid
against 2002 results. The three interim dividends (July, October 2003 and
January 2004) totalled 27 eurocents. Consequently, a final dividend of 11.4
eurocents will be paid for each of all the current issued shares
(3,390,852,043).

On February 28th, 2004, BBVA General Shareholders Meeting approved the
distribution of a final dividend on April 10th, 2004. Due to the fact that the
10th of April is not a working day for the Stock Exchange, the payment will be
postponed until the next immediate working day.


Gross dividend: 11.4 eurocents

(Withholding tax rate 15%)

Business days:


  • Payment: Tuesday, April 13th, 2004

  • Record: Thursday, April 8th, 2004

  • Ex-dividend: Tuesday, April, 13th, 2004






2. 1Q04 FINANCIAL RESULTS RELEASE

BBVA 1Q04 Results will be released next 26th of April. All the information
related to these results will be sent by e-mail and will also be available on
the website: www.bbva.com


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