Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
20 December 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:


                      THIRD INTERIM DIVIDEND FOR YEAR 2005

The BBVA Board of Directors in its meeting held today, has approved the
distribution, as third gross interim dividend against 2005 results, of euros
0.115 for each of all current issued shares, which is a 15% increase with regard
to the 2004 third interim dividend. This interim dividend will be paid as of
January 10th, 2006.

Gross dividend: 0.115 euros per share.

Net Dividend: 0.09775 euros per share (withholding tax rate 15%)

Ex-dividend day: Tuesday, January 10th 2006


The dividend will be paid according to the regulations applicable to the
depositary entities, using the means that IBERCLEAR provides to such entities.


                                                     Madrid, December 20th, 2005


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