Dividend Payment

Banco Bilbao Vizcaya Argentaria SA
14 February 2000


With reference to the remuneration to the shareholder, Mr Emilio de Ybarra, in
his speech of the Shareholders General Meeting held in Bilbao, the 12th of
February of 2000, said as follows: 

'In order to recover the traditional frequency of quarterly dividend payment, so
well accepted by our shareholders, which was altered for the advance of the
dividend payment caused by the birth of BBVA, the Board of Directors has the
purpose to pay on April the extraordinary merger dividend of 10 pesetas per
share, already known.  In addition, 5 pesetas will be paid as return of nominal
as soon as the Shareholders Ordinary General Meeting takes place, and we will
try that this payment happens at the same time than the previous one.  Then, at
the beginning of July, the first interim dividend would be paid, recovering like
this the former schedule.'

Signed by BBVA
(Jose Manuel de la Puente)