Company: BBVXF
Filing Date: 2025-09-22
Form Type: 6-K
Source: 0001193125-25-210249
Chunk: 2

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-22
Form: 6-K
Chunk 2
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 for the combined entity assumes that (a) the €1 Bn share buyback announced by BBVA in Apr.25 is executed post closing of the voluntary tender offer and (b) that the capital generated, both from the TSB sale and the extraordinary dividend, is reinvested in shares of the combined entity. Numbers consider a 100% take-upand a price for BBVA of €16.41/share (Sep. 19, 2025). 5Comparing the offers with the VWAP for the month prior to the disclosure of the transactions. For further details on this figure, see BBVA’s presentation about the offer to Banco Sabadell shareholders from Sept. 5, 2025.

| PRESS RELEASE 
 09.22.2025    |

Improved tax regime 6 The consideration is to be 100 percent in shares, so that, as a general rule, shareholders with capital gains would not be subject to taxation in Spain, if acceptance exceeds 50 percent of Banco Sabadell’s voting rights, as the transaction would qualify as tax neutral in that case. Other relevant conditions

| ● |     | The BBVA Board of Directors has decided to waive both the possibility of making further improvements to the                                                                
 consideration, pursuant to the provisions of Article 31.1 of Royal Decree 1066/2007, and of extending the acceptance period, under Article 23.2 of Royal Decree 1066/2007. |

| ● |     | Those Banco Sabadell shareholders who have already tendered their shares will also benefit from the improved terms of 
 the offer.                                                                                                            |

| ● |     | The take-up period will be suspended until the CNMV approves the                                                                                                    
 corresponding supplement with the improved offer. Once approved, the take-up period will resume during the remaining days until the completion of the 30-day period 
 previously established.                                                                                                                                             |

Financial impacts for BBVA shareholders following the offer increase For BBVA shareholders, this transaction is also accretive in terms of earnings per share from the first year following the merger, with an improvement of c. 3 percent and a high return on investment (incremental ROIC of around 17 percent). All this with a limited impact on the CET1 capital ratio of approximately -21basis points at the closing of the transaction, which would result in +40 basis points once the closing of the sale of TSB is completed and the payment of the extraordinary dividend approved by Banco Sabadell is distributed