Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 30

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 30
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 said acceptance period). The price resulting from each Pico will be rounded to the nearest hundredth of a euro and, in the case of half of a hundredth of a euro, to the nearest        
 hundredth of a euro.                                                                                                                                                                                                                                     |

| (iii) | The payment in money corresponding to the Cash Consideration and the Picos will be made on the same date on which the                                   
 Banco Sabadell shares that are delivered are registered by Iberclear, in favour of BBVA, and which will correspond to the settlement date of the Offer. |

Those shareholders of Banco Sabadell who participate in the Offer with less than 6 shares of Banco Sabadell will not receive any BBVA shares in consideration, but the corresponding Cash Consideration and Pico. Those shareholders of Banco Sabadell who participate in the Offer with a multiple number of shares of 55,483 will receive the corresponding Cash Consideration and the corresponding newly issued BBVA shares in consideration and will not receive any cash payment for Pico. For a better understanding of how the payment of the Picos works, see the examples included in section III.1.2.3 of the Prospectus.

| 10.2.4 | Publication of the result of the Offer |

In accordance with the provisions of Article 36 of Royal Decree 1066/2007, after the acceptance period provided for in section 10.1 or the period resulting from its extension or modification, and within a maximum period of seven working days from that date, the Governing Companies of the Spanish Stock Exchanges shall publish said result in the Official Quotation Bulletin under the terms and in the session indicated by the CNMV. The date of publication of the result of the Offer shall be understood as the date of the meeting referred to in the aforementioned Official Quotation Bulletin in which the result of the Offer is published.

| 10.2.5 | Intervention, settlement and payment of the Offer consideration in relation to the part consisting of newly issued 
 BBVA shares                                                                                                        |

In accordance with the provisions of Article 37.2 of Royal Decree 1066/2007, as part of the Offer consideration consists of an exchange of securities, its settlement will take place in the way provided for in the Prospectus and as indicated in this section.

| (i) | Entity in charge of calculating the newly issued BBVA shares that need to be issued, as well as the Picos to be paid 
 in the context of the Offer