Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 80

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 80
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 analysis to finalize the purchase price allocation exercise are performed and any necessary accounting changes and adjustments related to such acquisition of control are identified, and these differences could be material. The differences, if any, could have a material impact on the accompanying pro forma financial information. In accordance with paragraphs 45 and B67 of IFRS 3 “Business Combinations”, it is possible to extend the valuation measurement period to one year from the date the transaction takes place. Main Adjustments to the Pro Forma Financial Information The pro forma financial information presented below reflects completion of the exchange offer under each of the Full Acquisition Scenario and the Minimum Acceptance Scenario. The assignment of the provisional purchase price implicit in the exchange ratio and included in the pro forma financial information is preliminary, is subject to subsequent adjustments as additional information becomes available and additional analyses are performed through completion of the exchange offer, and has been made solely with the aim of preparing the pro forma financial information presented below. 53

The pro forma financial information presented below includes a breakdown of the principal adjustments included based solely upon publicly-available information regarding Banco Sabadell corresponding to the year ended December 31, 2024. The adjustments included in the pro forma financial information solely include those that are factually supportable on the basis of the information that is publicly available to BBVA. Combined Unaudited Condensed Consolidated Pro Forma Balance Sheet as of December 31, 2024 The table below presents the combined unaudited condensed consolidated pro forma balance sheet of the BBVA Group as of December 31, 2024, as if the exchange offer had been completed as of such date and assuming completion of the exchange offer under each of the Full Acquisition Scenario and the Minimum Acceptance Scenario.

|                                                                   |     |            |         BBVA 
 December 31, 
         2024 |     |     |        Banco 
     Sabadell 
 December 31, 
      2024(*) |     |     | Aggregated |     |     |   Pro forma 
 adjustments 
    assuming 
        Full 
 Acquisition 
    Scenario |   |     |     |    Combined 
   pro forma 
     balance 
       sheet 
    assuming 
        Full 
 Acquisition 
    Scenario |     |     |   Pro forma 
 adjustments 
    assuming 
     Minimum 
  Acceptance 
    Scenario |   |     |     |   Combined 
  pro forma 
    balance 
      sheet 
   assuming 
    Minimum 
 Acceptance 
   Scenario |
|:------------------------------------------------------------------|