Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 106

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 106
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441 million and €221 million under the Full Acquisition Scenario and the 50% Acceptance Scenario, respectively, which amounts correspond to the par value of the new BBVA shares to be issued, and an increase in share premium in the amount of €11,317 million and €5,659 million, respectively, which represent the difference between such trading price and the par value of the BBVA shares to be issued. These adjustments have been recorded under shareholders’ funds (share capital and share premium) in the combined unaudited condensed consolidated pro forma balance sheet. In addition, the line item “Shareholders’ funds—reserves and other components of shareholders’ funds” is adjusted as follows:

|                                                                                                              |     | Full        
 Acquisition 
 Scenario    |         |   |     | 50%        
 Acceptance 
 Scenario   |         |   |
|                                                                                                              |     | -€ million  |         |   |     |            |         |   |
| Reclassification of other line items included in net equity attributable to Banco                            
 Sabadell                                                                                                     |     |             |   8,450 |   |     |            |   8,450 |   |
| Elimination of net equity attributable to Banco Sabadell                                                     |     |             | (13,743 | ) |     |            | (13,743 | ) |
| Dividends paid by Banco Sabadell and execution of Banco Sabadell Share Buy-Back Programs (after              
 June 30, 2025 and through August 1, 2025 based on information published by Banco Sabadell on August 4, 2025) |     |             |    (712 | ) |     |            |    (712 | ) |
| Changes in reserves and other components of shareholders’ funds                                              |     |             |  (6,005 | ) |     |            |  (6,005 | ) |

Additionally, the combined unaudited condensed consolidated pro forma balance sheet of the BBVA Group as of June 30, 2025 in the 50% Acceptance Scenario recognizes “minority interests” measured at fair value amounting to €5,989 million. The table below shows a reconciliation between the aggregated total equity and the combined pro forma total equity under each of the Full Acquisition Scenario and the 50% Acceptance Scenario:

|                                                                                                                                                                                          |     | Full        
 Acquisition 
 Scenario    |         |   |     | 50%        
 Acceptance 
 Scenario   |