Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 48

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 48
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 acting on behalf of a BBVA ADS registered holder in requesting registration of transfer and delivery described in the paragraph
above has the actual authority to act on behalf of the ADS registered holder (notwithstanding any requirements under the Uniform Commercial Code). In the deposit agreement, the parties agree that the depositary’s reliance on and compliance with
instructions received by the depositary through DRS and Profile and in accordance with the deposit agreement, will not constitute negligence or bad faith on the part of the depositary.

BBVA ADSs Outstanding

As of July 28,
2025, there were 218,572,971 BBVA ADSs outstanding.

Exercise of Spanish Bail-inPower and Other Resolution Tools

The ordinary shares of BBVA underlying the ADSs may be subject to the exercise of the Spanish
Bail-in Power. See “Description of BBVA Ordinary Shares—Exercise of Spanish Bail-inPower and Other Resolution Tools”.

35

DESCRIPTION OF RIGHTS TO SUBSCRIBE FOR ORDINARY SHARES We may issue rights to subscribe for our ordinary shares (including ordinary shares represented by ADSs). The applicable prospectus supplement will describe the specific terms relating to such subscription rights and the terms of the offering, including, where applicable, some or all of the following:

| • |     | the title of the subscription rights; |

| • |     | the exercise price for the subscription rights; |

| • |     | the aggregate number of subscription rights issued; |

| • |     | a discussion of the material U.S. federal, Spanish or other income tax considerations, as well as considerations                                                                                                            
 under the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), applicable to the issuance of ordinary shares together with statutory subscription rights or the exercise of the subscription rights; |

| • |     | any other terms of the subscription rights, including terms, procedures and limitations relating to the exercise 
 of the subscription rights;                                                                                      |

| • |     | the terms of the ordinary shares corresponding to the subscription rights; |

| • |     | information regarding the trading of subscription rights, including the stock exchanges, if any, on which the 
 subscription rights will be listed;                                                                           |

| • |     | the record date, if any, to determine who is entitled to the subscription rights and the ex-rights date; |

| • |     | the period during which the subscription rights may be exercised; |

| • |     | the extent to which the offering includes a contractual over-subscription privilege with respect to unsubscribed