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BBVA Privanza International (Gibraltar) Limited Announces Redemption of Preference Shares Series E Symbol: BVG_E CUSIP 07329Q507
 
     MADRID, Spain, May 28 /PRNewswire-FirstCall/ -- BBVA PRIVANZA
INTERNATIONAL (GIBRALTAR) LIMITED has today given notice that it intends to
redeem all outstanding Non-Cumulative Guaranteed Preference Shares Series E on
June 30, 2002, at the redemption price of U.S. $25.00 per share plus U.S.
$0.50 per share representing dividends from March 31, 2002 to June 30, 2002.
    The Bank of New York is the Redemption Agent.
SOURCE BBVA Privanza International (Gibraltar) Limited



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    CONTACT:
    Jose Luis Dominguez for BBVA Privanza
    International - Gibraltar - Limited, +011-34-91-537-4960
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