Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 16

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 16
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 be completed? |

| A. | Completion of the exchange offer will take place on the settlement date, provided that each of the conditions                                                                                                                       
 set forth in “The Exchange Offer—Conditions to Completion of the Exchange Offer” has been satisfied or waived (to the extent permitted by law, including in accordance with any applicable timing limitations) as of the end of the 
 acceptance period. See “The Exchange Offer—Extension, Termination and Amendment”.                                                                                                                                                   |

| Q. | Has the exchange offer been subject to the ECB non-opposition? |

| A. | Pursuant to the provisions of Law 10/2014, of June 26, on the regulation, supervision and solvency of                                                                                                                                        
 credit institutions, and Royal Decree 84/2015, of February 13, implementing Law 10/2014, of June 26, on the regulation, supervision and solvency of credit institutions, the acquisition by BBVA of control of Banco Sabadell resulting from 
 the exchange offer was subject to the duty of prior notification to the Bank of Spain and to the obtainment of the non-opposition by the ECB. The ECB’s non-opposition was obtained on September 5, 2024.                                    |

| Q. | What are the conditions to the exchange offer? |

In accordance with the provisions of articles 13 and 26 of the Spanish Takeover Regulation, the exchange offer is subject to the fulfillment of the following conditions:

| i. | In accordance with the provisions of article 13.2.b) of the Spanish Takeover Regulation, the acceptance of the                                                                                                                                          
 exchange offer by a number of shares of Banco Sabadell that permits BBVA to acquire at least more than half of the voting rights of the Banco Sabadell shares outstanding at the end of the acceptance period (thus, excluding any treasury shares held 
 by Banco Sabadell as of that time).                                                                                                                                                                                                                     |

| iii. | In accordance with the provisions of article 26.1 of the Spanish Takeover Regulation, the express or tacit                                     
 authorization of the economic concentration resulting from completion of the exchange offer by the Spanish antitrust authorities (the “CNMC”). |

7

For the exchange offer to be completed, each of these conditions must have been satisfied or waived (to the extent permitted by law, including in accordance with any applicable timing limitations) as of the end of the acceptance period. See “The Exchange Offer—Extension, Termination and Amendment”. As of the date