Increase BBVA.s share capital

Banco Bilbao Vizcaya Argentaria SA
10 September 2007



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:



RELEVANT EVENT



BBVA reports that today, the increase of BBVA's share capital approved by the
general shareholders' meeting of June 21, 2007, addressed to COMPASS BANCSHARES
INC's shareholders, as part of the consideration for the acquisition of a 100%
of the latter has been executed.


This capital increase involves the issue of 196.000.000 shares, that represent a
5,2% of the total share capital after such increase (5,5% of the total share
capital before such increase), issued at a rate of €16,77 per share,
corresponding to the closing market price of BBVA's shares on September 6, 2007,
in accordance with the resolutions adopted by the above mentioned general
shareholders' meeting.


These newly issued shares have been admitted to listing on the securities
exchanges of Madrid, Barcelona, Bilbao and Valencia for their trading on the
computerized trading system of the Spanish Stock Exchanges (Automated Quotation
System - 'Mercado Continuo'), as well as on the rest of Securities Markets where
BBVA is listed.



                                                      Madrid, September 10, 2007


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