Publication of Disposal

Banco Bilbao Vizcaya Argentaria SA
05 April 2006




Banco Bilbao Vizcaya Argentaria, S.A., 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


Having obtained the necessary authorizations and registrations,  BBVA has sold
today its stake of 51% in the share capital of  Banc Internacional d'Andorra,
S.A. to the rest of the shareholders of said entity, the Andorran founding
partners of the bank, for a price of 395,15 million Euros, as provided in the
agreement signed and disclosed as a relevant event on March 9.




                                                          Madrid, April 5,  2006




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