Company: BBVXF
Filing Date: 2025-09-05
Form Type: 425
Source: 0001193125-25-197292
Chunk: 13

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 425
Chunk 13
---
 the numbers the restructuring costs that we were including then because these will take place later on and we are doing a fully loaded on back of the numbers. A - Carlos Torres Vila Originally it was 15-16basis points. A - Maria Luisa Gomez Bravo Correct. And so that is not there. And obviously as well, I would highlight that primarily we have updated the numbers to the last June numbers and we have been also updating the basis of the underlying sensitivities are different because obviously our CET1 numbers are also higher. So I think that that, but basically I would say, I would highlight that the main difference is, again, the restructuring cost and the basis of the underlying update of the numbers. A - Patricia Bueno Olalla Thank you very much, Benjamin. Next question, please.

| Operator |

Our next question comes from Cecilia Romero from Barclays. Your line is open. Please go ahead.

2025-09-05

Q - Cecilia Romero

Thank you very much for taking my question. If I’m not mistaken, BBVA interim dividend usually goes ex-date in early October. Should we expect this year payment to proceed on the same timetable? And if so, will this trigger a revision of the offer terms or are Sabadell shareholders who tend to expect to receive
this on top? And could you refresh our memory until when under Spanish takeover rules, are you able to change the terms of the offer? And if you were to revise the offer, how would that affect the landfill timing or the acceptance period? Thank you.

A - Onur Genc

The interim dividend? Maybe I should.

A - Carlos Torres Vila

Yeah, Luisa. Luisa, do you want to take it? Why not?

A - Maria Luisa Gomez Bravo

Well, okay. Thank you. I think that what we are estimating now is that with the calendar that we have
on-board. It is important that we have the VTO finalizes. If you’ve had the opportunity, I’m sure you have in detail read the prospectus. We are going to be waiting for the VTO to end and the deal
to settle. And once the deal settles in terms of shares, we will proceed with the payment of the interim dividend. And we expect that timing to be now towards the end of October, during the second half of October.

A - Carlos Torres Vila

And then on the other questions, a bit detailed, and I wouldn’t want to miss it, so