Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 16

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 16
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 an amount in cash equal to €0.70 multiplied by the fraction of a BBVA share that they would otherwise be entitled to receive in accordance with the exchange ratio of 5.5483 (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 be paid on the exchange offer cash consideration.

| Q. | If Banco Sabadell pays any dividends before settlement of the exchange offer, will such dividend payment 
 affect the consideration I will receive in exchange for my Banco Sabadell shares?                        |

| A. | If Banco Sabadell makes any distribution of dividends, reserves or any other type of distribution to its                                                                                                                                                
 shareholders (regardless of whether it is an ordinary, extraordinary, interim or complementary distribution) prior to the settlement of the exchange offer or, if applicable, after the settlement of the exchange offer but before the settlement of a 
 subsequent squeeze-out transaction, the share exchange offered as consideration in the exchange offer or in such subsequent squeeze-out transaction, or both, as                                                                                        
 applicable, will be adjusted                                                                                                                                                                                                                            |

5

Tendering holders of Banco Sabadell shares who become shareholders of BBVA pursuant to the exchange offer will no longer receive any dividends paid by Banco Sabadell that have an ex-dividenddate that occurs after the date of publication of the results of the exchange offer in the Official Quotation Bulletins but will however receive any dividends paid by BBVA that have an ex-dividenddate that occurs after the date of publication of the results of the exchange offer in the Official Quotation Bulletins.

| Q. | If BBVA pays any dividends before settlement of the exchange offer, will such dividend payment affect the 
 consideration I will receive in exchange for my Banco Sabadell shares?                                    |

| A. | If BBVA makes any distribution of dividends, reserves or any other type of distribution to its shareholders                                                                                                                                                                                                                                                                                                                           
 (regardless of whether it is an ordinary, extraordinary, interim or complementary distribution) prior to the settlement of the exchange offer or, if applicable, after the settlement of the exchange offer but before the settlement of a subsequent squeeze-out transaction, the consideration payable upon settlement of the exchange offer or settlement of such subsequent squeeze-out transaction, or both, as applicable, will 
 be adjusted upwards by including a cash payment for each Banco Sabadell