.--,.. Banco de Vizcaya SPAIN

INCORPORATED JN 1901

HEAD OFFICE GRAN VIA. 1 - BILBA0-1

CAPITAL 10J43.938,500 PESETAS

RESERVES 12.176,194.915 PESETAS

659 OFFICES IN SPAIN

INTERNATIONAL DEPARTMENT

Paseo de la Castellana. 114 - Madrid-6 Tel. 411 20 62 - Telex 22571 - 42382

INTERNATIONAL OFFICES NETWORK

LONDON BRANCH

75-79 Coleman StreetLondon EC2R 68H

Tel. (01) 628 45 66/9 - Telex 885245/6

PARIS BRANCH

15. Avenue Matignon75008 Paris - Tel. ( 1) 359 55 09 - Telex: 641423 - 641425

NEW YORK AGENCY

400, Park Avenue - New York, N.Y. 10022 Tel. (212) 826-1540- Telex 66199

SAN FRANCISCO AGENCY

650, California Street. San Francisco. California 94108 Tel. (415) 392 25 30 - Telex: 67534

REPRESENTATIVE OFFICES

MEXICO

Avda. Juarez. 4 - Mexico. 1 D.F. Tel. 585 00 30 -Telex: 1777460

A0En10911

VENEZUELA

Avda. Francisco Miranda - Edificio Torre Europa Oficinas 7 y 8 - Caracas

Tel. 33 43 53 - 33 25 08 - Telex 23532

FEDERAL REPUBLIC OF GERMANY Friedensstrasse. 11

6.000 Frankfurt/Main 1 Tel.611/23 32 91-Telex413215

LEADING SPANISH

BANKING GROUP

AT YOUR SERVICE

@ BANCO DE BILBAO

Est.1857

Extensive network of offices in Spain Branches in London, Southampton, Paris, Rung is, Lyon, Bayonne, Hendaye, Perpignan, Le Perth us.

Representative offices

FRANKFURT/MAIN MILAN

New York Agency GENERAL MOTORS BUILDING 767 FIFTH AVENUE, NEW YORK, N.Y. 10022, TELEPHONE (212) 826-1320