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Supplement Offering Circular

22nd Mar 2006 13:32

Banco Bilbao Vizcaya Argentaria SA22 March 2006 Publication of Final Terms The following Final Terms have been approved by the UK Listing Authority and areavailable for viewing: BBVA Subordinated Capital, S.A. Unipersonal issue of £300,000,000 CallableSubordinated Step-Up Notes due 2016 guaranteed by Banco Bilbao VizcayaArgentaria, S.A. To view the full document, please paste the following URL into the address barof your browser. http://www.rns-pdf.londonstockexchange.com/rns/2090a_-2006-3-22. For further information, please contact BBVA Subordinated Capital, S.A. UnipersonalManuel NAVEIRA BARREROPhone: +34 91 537 8195Paseo de la Castellana, 81 - (28046) - MADRID DISCLAIMER - INTENDED ADDRESSEES Please note that the information contained in the Prospectus may be addressed toand/or targeted at persons who are residents of particular countries (specifiedin the Prospectus) only and is not intended for use and should not be reliedupon by any person outside these countries and/or to whom the offer contained inthe Prospectus is not addressed. Prior to relying on the information containedin the Prospectus you must ascertain from the Prospectus whether or not you arepart of the intended addressees of the information contained therein. Your right to access this service is conditional upon complying with the aboverequirement. This information is provided by RNS The company news service from the London Stock Exchange

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