Publication of Prospectus

Banco Bilbao Vizcaya Argentaria SA
15 February 2006

This announcement has been re-released for maximum market exposure.


Publication of Prospectus


The following prospectus has been approved by the UK Listing Authority and is
available for viewing:


Global Medium Term Note Programme


To view the full documents, please paste the following URLs into the address bar
of your browser.


http://www.rns-pdf.londonstockexchange.com/rns/4926y_1-2006-2-15.pdf
http://www.rns-pdf.londonstockexchange.com/rns/4926y_2-2006-2-15.pdf
http://www.rns-pdf.londonstockexchange.com/rns/4926y_3-2006-2-15.pdf



DISCLAIMER - INTENDED ADDRESSEES


Please note that the information contained in the Prospectus may be addressed to
and/or targeted at persons who are residents of particular countries (specified
in the Prospectus) only and is not intended for use and should not be relied
upon by any person outside these countries and/or to whom the offer contained in
the Prospectus is not addressed. Prior to relying on the information contained
in the Prospectus you must ascertain from the Prospectus whether or not you are
part of the intended addressees of the information contained therein.


Your right to access this service is conditional upon complying with the above
requirement.


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