Merger talks terminated

Banco Bilbao Vizcaya Argentaria SA
20 April 2001


                       Uno-e. and enba end merger plans

Madrid /Dublin, April 20, 2001.- Uno-e Bank, S.A. - the interactive bank
promoted by  Banco  Bilbao Vizcaya Argentaria, S.A. (BBVA) and Terra Networks,
S,A, and enba plc - the Dublin-based  holding company for  Internet  financial 
services businesses,  announced  today the end of the ongoing merger  process 
to  create UnoFirst Group.

'After  carefully  analyzing the details of the operation  and  due  to  current
market  conditions,  we  have  together reached the  conclusion  that  both  our
companies  need to focus on our respective core markets before undertaking  any
further expansion. Both companies have the capability and are well positioned to
exploit  new opportunities in the future following from their strong
achievements to date,'  said Dr. Gerhard Huber, CEO of enba plc.

In  the  current  market climate, it was going to be very difficult  to  develop
efficient synergies in the global online financial services arena. Without those
synergies,  our competitive positions would eventually be seriously jeopardized.
That's  why  we  are  announcing the end of this project today'',  added  Manuel
Galatas, Chairman and CEO of Uno-e.

Galatas  thanked Huber for the support and commitment given by his team  and  by
the  shareholders  of enba plc. Huber also thanked Galatas for  the  intensive
efforts  made  by  BBVA,  Terra and the Uno-e team in attempting  to  bring  the
planned merger to fruition.

Uno-e - launched in Spain in March 2000 - will keep on developing its successful
Financial  Supermarket(C)  strategy,  offering  not  only  proprietary 
financial products,  but  also those developed by other banks and financial 
institutions.  Uno-e  has  reported a total customer base of more than 80,000, a
rise  of  54% since the end of 2000, and 358 million under management, a rise of
128% for the same period.

enba plc, founded in 1998, will stay in the hands of its original shareholders,
a group of entrepreneurs led by Dr. Gerhard Huber and prestigious institutional
investors  which  include  Apax  Partners,  Aureus  Private  Equity,  Capital  Z
Financial  Services  Fund,  CGU Insurance plc., Invision,  Morgan  Stanley  Dean
Witter, Vertex, Paine Webber Capital Inc. and Wit Soundview Inc.

About enba Plc.

enba  plc., is a Dublin based holding company for Internet financial services
businesses. The company's  wholly  owned  subsidiary, first-e  group plc., is a
leading international provider of financial services   technologies,  solutions 
and web hosting facilities to other organisations. The group supplies these  
facilities  to  financial  services  providers and other commercial
organisations who wish to provide  an  outsourced  online  financial  services 
capability  to  their  own customers.

The outsourcing of an online financial services capability by institutions is an
increasing trend  and  first-e  group, with a proven capability in the
financial services sector, is particularly well positioned to benefit from this
growing business opportunity in the future.

Through its specialist technology arm, factor-e plc, first-e group plc, provides
technologies, software and support services in the United Kingdom and Germany to
first-e  the  internet bank which is the trademark used by the  French  bank,
Banque  d'Esompte for banking services on the Internet. Banque d'Escompte  is  a
French bank, incorporated as a limited liability company (societe anonyme), with
a  paid  up  capital of 37,500,000 (Paris Companies Register No B 702 950 148).
Registered Office: 13 boulevard Haussmann: 75009 Paris, France.

first-e  the  internet bank offers its customers the very best of banking and
technology  across a portfolio which includes online deposit  and  current  
accounts and a range of insurance products.

The  pioneering  internet bank has redefined banking by reducing  charges  and
maximising the interest returns to its customers in a  high  quality  service
environment.  first-e, the internet bank is well established and continues  to
expand  successfully with over 215,000 customers.  Deposits held by the bank now
exceed 1 billion.

first-e  group plc's technology arm, factor-e plc, provides  advanced  Internet
financial  services technologies and solutions including 'bank in a  box'  and
mobile  commerce  systems  to  companies wishing to  provide  online  financial
services  on an own branding or co-branding basis. The company also provides 
the infrastructure,  staff  resources and back-up  required  by  financial 
services companies to operate Internet based facilities for their own customers.

enba  plc,  has  the  capital backing of Apax Partners, Aureus  Private  Equity,
Capital  Z Financial Services Fund, CGU Insurance plc., Invision, Morgan Stanley
Dean Witter, PaineWebber, Vertex and Wit Soundview Inc., and a number of private
investors.

About Uno-e

Under the Financial Supermarket(C) concept, Uno-e (www.uno-e.com) is offering
not only proprietary financial products, but also those developed by other banks
and financial  institutions.  The  goal  is  to  provide  customers  with  
powerful interactive  tools  to  make personal financial decisions, online 
transactional capability  and  24x7 access to its Web, Contact Center or network
of Personal Agents.

One year after its launch, Uno-e already offers its customers.

     -  A  highly  remunerated current account, fully transactional and  highly
        awarded by the most prestigious financial publications in Spain as      
       the only account that combines high yields and a  full  range  of        
       quality services.

     -  An online broker with highly competitive fees.

     -  A debit card to provide ATM access and payment services.

     -  A co-branded credit card 'Uno-e American Express'.
       
     -  A Mutual Funds Supermarket, with a growing selection of more than  a
        hundred  mutual funds from a dozen different providers, both Spanish    
        and international.

     -  A powerful search engine for mortgages.

     -  A selection of high-yield and commission-free deposits.

     -   Products in Euros, US Dollars and Pounds Sterling.
         
     -  A  broad range of information, news and quotes for customers, including
       market data, mutual funds shopping engines, portfolio managers, etc.

The company is also developing new services such as an Insurance Supermarket
and a Pension Funds Supermarket.

Uno-e, a project promoted by BBVA and Terra Lycos, has 80,000 customers and 358
million under management (as of 03.31,01).

For reference:'
Uno-e Bank                                enba plc,
Alberte G. Patino                          Tim Kinsella
[phone]                           [phone]
[e-mail]                  [e-mail]