Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 212

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 212
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     | BBVA’s board of directors’ regulations set forth that the board of directors will set up the following committees: (i) audit committee; (ii) appointments and corporate governance committee;                  
 (iii) remuneration committee; (iv) risk and compliance committee; and (v) technology and cybersecurity committee.                                                                                              |

152

VALIDITY OF SECURITIES

J&A Garrigues, S.L.P., BBVA’s Spanish counsel, is delivering an opinion regarding the validity of the BBVA shares under Spanish law.

EXPERTS

The consolidated financial statements of BBVA included in the 2024 Form 20-F as of and for the years
ended December 31, 2024, 2023 and 2022, and the effectiveness of BBVA’s internal control over financial reporting as of December 31, 2024 have been audited by Ernst & Young, S.L., independent registered public accounting
firm, as set forth in their reports thereon, included therein, and incorporated by reference herein. Such consolidated financial statements and BBVA’s management assessment of the effectiveness of internal control over financial reporting as of
December 31, 2024 are incorporated by reference herein in reliance upon such reports given on the authority of such firm as experts in auditing and accounting.

ENFORCEABILITY OF CIVIL LIABILITIES

BBVA is a public limited company (sociedad anónima) organized under the laws of Spain. Substantially all of its directors and
executive officers, and certain of the experts named in this document, are not residents of the United States. The vast majority of BBVA’s assets and most of its directors and officers are located outside the United States. As a result, it may
not be possible for investors to effect service of process within the United States upon such persons with respect to matters arising under the Securities Act or to enforce against them judgments of courts of the United States predicated upon civil
liability under the Securities Act. BBVA is advised by its Spanish legal counsel that there is doubt as to the enforceability in Spain in original actions or in actions for enforcement of judgments of U.S. courts, of liabilities predicated solely
upon the securities laws of the United States.

153

APPENDIX I CONSOLIDATED FINANCIAL STATEMENTS OF BANCO DE SABADELL, S.A.

| Consolidated financial statements of Banco Sabadell as of and for the year ended December     
 31, 2024