Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 4

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 4
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 by the SEC on May 29, 2024, which is detailed in section V.6 of the Prospectus. For more information on transactions with Sabadell shares arising from transactions with BBVA customers in the ordinary course of business, see section I.7 of the Prospectus.

| 5. | SECURITIES TARGETED BY THE OFFER |

The Offer is targeted at all the issued shares of Banco Sabadell representing its share capital, i.e. a total of 5,023,677,732 ordinary shares of Banco Sabadell as of the date of this announcement. According to the publicly available information, Banco Sabadell has not issued non-votingshares or special class shares, nor pre-emptivesubscription rights, convertible or exchangeable bonds or other securities or similar instruments in circulation that could entitle, directly or indirectly, to the subscription or acquisition of Banco Sabadell shares. Consequently, Banco Sabadell has no other securities, apart from the shares subject to the Offer, to which the Offer could be directed. 3

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) did not review this version. In the event of any discrepancies between this document and the corresponding Spanish version, the Spanish version shall prevail.

| 6. | CONSIDERATION OFFERED |

The consideration offered by BBVA to Banco Sabadell shareholders is mixed and consists of: One (1) newly issued ordinary share of BBVA and €0.70 in cash for every five point five four eight three (5.5483) ordinary shares of Banco Sabadell Although the cash equivalent of the Share Consideration will vary from time to time according to the price of BBVA shares, the equivalent cash price resulting from applying to the Exchange Ratio the weighted average price of BBVA shares corresponding to the quarter prior to the previous announcement dated May 9, 2024, in accordance with the provisions of Article 14.4 of Royal Decree 1066/2007, is €1.85 per share of Banco Sabadell (resulting from reducing the initial amount of €2.12 per share in accordance with the exchange ratio provided for in the previous announcement of the Offer by the amount of (i) €0.08 corresponding to the gross interim dividend per share paid by Banco Sabadell on 1 October 2024,