Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
27 September 2006

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), pursuant to the provisions of
article 82 of the Spanish Securities Market Act, proceeds by means of the
present document to notify the following:


                                SIGNIFICANT EVENT

                    SECOND INTERIM DIVIDEND FOR YEAR 2006



The BBVA Board of Directors in its meeting held yesterday, approved the
distribution, as second gross interim dividend against 2006 results, of euros
0.132 for each of all current issued shares, which is a 15% increase with regard
to the 2005 second interim dividend. This interim dividend will be paid on
October 10th, 2006.



Gross dividend

    0.132 euros per share.

Net Dividend

    0.1122 euros (withholding tax rate of 15%)

Ex-dividend date

   October 10th, 2006



The dividend will be paid according to the regulations applicable to the
depositary entities, using the means that IBERCLEAR provides to such entities.


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