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BBVA Privanza International (Gibraltar) Limited Announces Redemption of Preference Shares Series C
 
    NEW YORK, 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 C on June 30,
2003, at the redemption price of U.S. $25.00 per share plus U.S. $0.50 per
share representing dividends from March 31, 2003 to June 30, 2003.

    The Bank of New York is the Redemption Agent.
SOURCE BBVA Privanza International (Gibraltar) Limited



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