Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 254

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 254
---
,000,000,000 or its equivalent in any other
currency. BBVA’s board of directors is authorized to exclude preemptive rights, in whole or in part, pursuant to the applicable provisions of the Spanish Corporation Law. The board of directors’ authorization to issue CoCos expires on
April 20, 2026.

At the annual general shareholders’ meeting of BBVA held on March 15, 2024, BBVA’s shareholders
approved a reduction of BBVA’s share capital by up to 10% of BBVA’s share capital as of the date of such resolution, corresponding to 583,794,038 BBVA shares, with a nominal value of €0.49 each, subject to obtaining, where
appropriate, the corresponding regulatory authorizations. On May 24, 2024, BBVA announced the partial execution of this share capital reduction resolution, through the reduction of BBVA’s share capital by €36,580,908.35 and the consequent
redemption of 74,654,915 shares of €0.49 par value each acquired by BBVA pursuant to a share buy-back program scheme and held as treasury shares. BBVA does not intend to use any treasury shares as consideration in exchange for Banco Sabadell
shares.

On July 5, 2024, BBVA’s extraordinary general shareholders’ meeting approved to authorize the increase of
BBVA’s share capital in an amount of up to a maximum nominal amount of €551,906,524.05 through the issuance of up to 1,126,339,845 newly-issued BBVA shares to be offered to the holders of Banco Sabadell shares pursuant to the exchange
offer.

At the annual general shareholders’ meeting of BBVA held on March 21, 2025, BBVA’s shareholders approved a reduction of
BBVA’s share capital by up to 10% of BBVA’s share capital as of the date of such resolution, corresponding to 576,328,546 BBVA shares, with a nominal value of €0.49 each, subject to obtaining, where appropriate, the corresponding
regulatory authorizations, through the redemption of own shares acquired derivatively by BBVA by virtue of the authorization granted by BBVA’s general shareholders’ meeting held on March 18, 2022. This resolution may be implemented until
the date of the next annual general shareholders’ meeting of BBVA.

Non-residents of Spain
may hold and vote BBVA shares subject to