Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 196

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 196
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| (1) | Calculated based on the assumptions and estimates described under “Unaudited Condensed Pro Forma Financial                                                                                                                           
 Information—Assumptions and Estimates Used” and assuming completion of the exchange offer on June 30, 2025 and December 31, 2024, respectively, under the Full Acquisition Scenario (as defined under “Unaudited Condensed Pro Forma 
 Financial Information”).                                                                                                                                                                                                             |

| (2) | Calculated based on the assumptions and estimates described under “Unaudited Condensed Pro Forma Financial                                                                                                                      
 Information—Assumptions and Estimates Used” and assuming completion of the exchange offer on January 1, 2024 under the Full Acquisition Scenario (as defined under “Unaudited Condensed Pro Forma Financial Information”). Only 
 reported earnings are considered; no capital gain realized upon completion of the TSB Sale is included.                                                                                                                         |

| (3) | Calculated assuming acceptance by holders of Banco Sabadell shares representing 100% of the share capital of                                                                                                                                              
 Banco Sabadell (excluding 290,871,859 Banco Sabadell shares held in treasury as of August 1, 2025, based on information published by Banco Sabadell on August 4, 2025). Percentages for the six months ended June 30, 2025 are calculated on the basis of 
 annualized attributable net profit.                                                                                                                                                                                                                       |

| (4) | Calculated based on the assumptions and estimates described under “—Impact of the Acquisition of                                                                  
 Control of Banco Sabadell on the BBVA Group’s CET1 Ratio” and assuming completion of the exchange offer under the Full Acquisition Scenario (as defined therein). |

| (5) | Calculated based on the assumptions and estimates described under “—Impact of the Acquisition of                                                                
 Control of Banco Sabadell on the BBVA Group’s CET1 Ratio” and assuming completion of the exchange offer under the 50% Acceptance Scenario (as defined therein). |

| (6) | Calculated based on the assumptions and estimates described under “—Conditions to Completion of the                                                                                                                      
 Exchange Offer—Potential Waiver by BBVA of the Minimum Acceptance Condition—Impact on the BBVA Group’s CET1 ratio” and assuming completion of the exchange offer under the 30% Acceptance Scenario (as defined therein). |

For additional information on the potential consequences