Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 11

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 11
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 directly or indirectly hold into the exchange offer and the existence and nature of any              
 conflict of interest. The report must also contain the potential consequences of the exchange offer on, and the strategic plans of BBVA with respect to, Banco Sabadell, its employees and the location of its activity centers disclosed by BBVA in the  
 offering documents published in Spain. Further, under Rule 14e-2 of the Exchange Act, Banco Sabadell, no later than ten U.S. business days from                                                                                                           |

3

| the date the exchange offer is first published, sent or given, will need to disclose its position (or inability to take a position) with respect to the exchange offer. |

| Q. | What will I receive if I tender my Banco Sabadell shares and the exchange offer is completed? |

| A. | If you tender, and do not withdraw, your Banco Sabadell shares into the exchange offer and the exchange offer                                                                                                                                        
 is completed, you will receive one newly-issued BBVA share and €0.29 in cash for each 5.0196 Banco Sabadell shares tendered (adjusted, as the case may be, as described in this offer to exchange/prospectus). The treatment of fractional shares is 
 described in the following question.                                                                                                                                                                                                                 |

| Q. | Will I receive fractional BBVA shares or a fraction of the exchange offer cash consideration? |

| A. | No fractional BBVA shares will be issued in connection with the exchange offer. Instead of any such fractional                                                                                                                                           
 BBVA shares that a tendering holder of Banco Sabadell shares would otherwise be entitled to receive, BBVA will pay to the relevant tendering holder an amount in cash equal to the weighted average price per BBVA share during the 15 trading sessions  
 prior to the expiration date (including the expiration date) multiplied by the fraction of a BBVA share (rounded to the nearest hundredth with five one thousandths of a BBVA share being rounded upwards (e.g., 0.205 would be rounded to 0.21)) that a 
 tendering holder of Banco Sabadell shares would otherwise be entitled to receive in accordance with the exchange ratio of 5.0196 (adjusted, as the case may be, as described in this offer to exchange/prospectus). Such amount in cash will be rounded  
 to the nearest euro cent and, in the event of a half of a euro cent, to the immediately higher euro cent. Under no circumstances will interest