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BBVA PREFERRED CAPITAL LTD Announces Redemption of Preference Shares Series A
 
                                SYMBOL: BBV_pa
                               CUSIP G0899910 7

    MADRID, Spain, May 28 /PRNewswire-FirstCall/ -- BBVA PREFERRED CAPITAL LTD
has today given notice that it intends to redeem all outstanding
Non-Cumulative Guaranteed Preference Shares Series A on June 30, 2002, at the
redemption price of U.S. $25.00 per share plus U.S.$0.49 per share
representing dividends from March 31, 2002 to June 30, 2002.
    Mellon Investor Services, L.L.C. is the Redemption Agent.
SOURCE BBVA PREFERRED CAPITAL LTD



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