Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 9

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 9
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| (ii) | The authorization, express or tacit, of the indirect acquisition of control of Banco Sabadell’s banking             
 subsidiary in the United Kingdom, TSB Bank plc, by the Prudential Regulation Authority (PRA) of the United Kingdom. |

This condition has already been met as of the date of this announcement, given that the Prudential Regulation Authority (PRA) issued its express authorization on September 2, 2024. The PRA notified BBVA the corresponding resolutions dated December 2, 2024, February 28, 2025, May 28, 2025, and August 19, 2025, agreeing to extend the aforementioned authorization until March 2, 2025, June 2, 2025, September 2, 2025, and March 2, 2026, respectively.

| (iii) | The authorization, express or tacit, of the economic concentration resulting from the Offer by the Spanish 
 authorities, in accordance with the provisions of Article 26.1 of Royal Decree 1066/2007.                  |

The Spanish National Commission for Markets and Competition (the “ CNMC”) authorized, in the second phase, the economic concentration derived from the Offer on April 30, 2025, subject to the fulfillment of commitments offered by BBVA and detailed in section V.1 of the Prospectus. The resolution adopted by the CNMC was communicated to the head of the Ministry of Economy, Trade and Business at the same time as its notification to the interested parties, who, on 27 May 2025, decided to submit it to the Council of Ministers for reasons of general interest. On June 24, 2025, the Council of Ministers agreed to authorize the economic concentration resulting from the Offer with an additional condition (which is reproduced verbatim in section IV.1.1 of the Prospectus) and to confirm the commitments presented by BBVA that were included in the aforementioned CNMC resolution of April 30, 2025. The aforementioned agreement of the Council of Ministers put an end to the procedure for the control of economic concentrations in Spain, with BBVA having the power to withdraw from the Offer by virtue of the provisions of Article 26.1.c) of Royal Decree 1066/2007 as a result of the fact that the authorization is subject to a condition. BBVA communicated by means of an inside information notice dated June 30, 2025 (with