Statement re. Press Comment

Banco Bilbao Vizcaya Argentaria SA 24 March 2005 'BBVA, 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 In relation to the news which have appeared this morning in the Italian media, and responding to the request of the Italian securities markets supervisory authority (CONSOB), BBVA confirms and maintains in their integrity the terms of the communication disclosed to the market on Friday 18th, 2005. March 24th, 2005 This information is provided by RNS The company news service from the London Stock Exchange
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