Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
01 April 2005



                       Payment of Final Dividend for 2004



The BBVA General Shareholders' Meeting held on February 26th, 2005, approved a
total dividend per share for 2004 of  44.2 eurocents (Significant Event of 26
February 2005 regarding the passed resolutions of the last General Shareholders'
Meeting), which is a 15,1% increase with regard to the 2004 dividend paid
against 2003 results. The three interim dividends (July, October 2004 and
January 2005) totalled 30 eurocents. Consequently, a final dividend of 14.2
eurocents will be paid for each of all the current issued shares
(3,390,852,043). On February 26th, 2005, BBVA General Shareholders' Meeting
approved the distribution of a final dividend on April 11th, 2005.



Gross dividend: 14.2 eurocents

 (Withholding tax rate 15%)



Business days:



-                     Payment: Monday, April 11th, 2005

-                     Record:Friday, April 8th, 2005

-                     Ex-dividend: Monday, April, 11th, 2005






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