Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
23 June 2006



Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), pursuant to the provisions of
article 82 of the Spanish Securities Market Act, proceeds by means of the
present document to notify the following:



FIRST INTERIM DIVIDEND FOR YEAR 2006



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



Gross dividend: 0.132 euros per share.



Net dividend: 0.1122 euros per share (withholding tax rate 15%)



Ex-dividend day: Monday, July 10, 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, June 23, 2006


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