Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 37

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 37
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 of Ministers is not in accordance with the law and, by virtue of this, on July 15, 2025, it proceeded to file the corresponding contentious-administrative appeal with the Spanish Supreme Court under the provisions of Articles 25 and 45 of Ley 29/1998, de 13 de julio, reguladora de la Jurisdicción Contencioso-administrativa. As of the date of this Prospectus, the appeal is pending resolution and there is no guarantee that the Spanish Supreme Court will rule in favor of BBVA. In the event that, in accordance with the provisions of section 7.3 of this announcement, BBVA waives the Minimum Acceptance Condition in accordance with Article 33.3 of Royal Decree 1066/2007 and acquires as a result of the Offer a stake of between 30% and 50% of the voting rights of Banco Sabadell, to the extent that BBVA acquires effective control of Banco Sabadell, the commitments agreed with the CNMC and the Condition of the Council of Ministers will continue to apply. Likewise, the economic concentration resulting from the Offer has been authorized by the competent antitrust authorities. For more information on antitrust authorizations, see section V.1 of the Prospectus.

| 11.2 | Other authorizations or administrative verifications |

| 11.2.1 | Non-opposition from the European Central Bank |

BBVA’s acquisition of control of Banco Sabadell resulting from the Offer is subject to the duty of prior notification to the Bank of Spain and to obtaining non-oppositionfrom the European Central Bank. The aforementioned declaration of non-oppositionby the European Central Bank, which is considered to be authorization prior to the authorization of the Offer by the CNMV for the purposes of the provisions of Article 26.2 of Royal Decree 1066/2007, was agreed by the European Central Bank on 5 September 2024, without imposing conditions, and on July 21, 2025, its extension was obtained until September 5, 2026.

| 11.2.2 | Authorizations from other competent supervisory bodies |

According to the information available, Banco Sabadell holds control or significant stakes in regulated entities both in Spain and in other jurisdictions. 22

This is an unofficial English translation for information purposes only of the offer announcement’s official version in Spanish. The National Securities Market Commission (Comisión Nacional del Mercado de Valores)