Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 30

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 30
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 order, public health and public security reasons (the “Screening Mechanism”). The Screening Mechanism aligns part of the Spanish foreign investment legal framework with Regulation (EU) 2019/452 of March 19, 2019 establishing a framework for the screening of foreign direct investments into the EU. Certain provisions of Regulation (EU) 2019/452, such as the list of sectors affecting public order and public security or the definition of state-owned enterprises and other similar investors, are mirrored in the regulations establishing the Screening Mechanism. In addition, and according to Sole Transitional Provision of Royal Decree-Law34/2020 (as amended first by article 4 of Royal Decree-Law27/2021, of November 23, and subsequently by article 1 and article 62 of Royal Decree-Law20/2022, of December 27 and article 1 of Royal Decree Law 1/2025, of January 28), effective November 19, 2020 and until December 31, 2026, the following persons will also be deemed to be foreign investors, provided they invest in listed companies or the investment value exceeds €500 million for investments in private—non-listed—companies:

| • |     | EU and European Free Trade Association (“EFTA”) residents in countries other than Spain; and |

| • |     | Spanish residents beneficially owned by EU or EFTA residents in countries other than Spain, that is, those in                                                                                   
 which an EU or EFTA resident other than in Spain ultimately owns or controls more than 25% of the share capital or voting rights of, or otherwise exercises control over, the Spanish resident. |

Foreign direct investments (“FDI”) are:

| • |     | investments that result in a foreign investor reaching a stake of at least 10% of the share capital of a Spanish 
 company; and                                                                                                     |

| • |     | any corporate transaction, business action or legal transaction which confers control of a Spanish company. |

Not all foreign direct investments are subject to the Screening Mechanism. Investments are subject to the Screening Mechanism only if they qualify as FDI and the investment is made in one of the critical sectors mentioned in article 7 bis of Law 19/2003, is made pursuant to what is foreseen in Sole Transitional Provision of Royal Decree-Law34/2020, or —only where the investor is a Non-UEor non-EFTAinvestor—by investors that meet