Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 8

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 8
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 currently October 7, 2025, but the actual deadline will be different if the exchange offer is extended. i

REGULATORY STATEMENT

Rule 14e-5 relief

Pursuant to
exemptive relief granted on May 29, 2024 by the SEC from Rule 14e-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and subject to certain enumerated conditions set forth in the relief letter, BBVA,
BBVA’s subsidiaries and their respective affiliates and separately identifiable departments (collectively, the “BBVA Prospective Purchasers”) may purchase or arrange to purchase Banco Sabadell shares, securities that are
immediately convertible into, exchangeable for or exercisable for Banco Sabadell shares, and various derivatives related to such securities (collectively, “Banco Sabadell Securities”) prior to and during the conduct of, but outside of,
the exchange offer in the ordinary course of their businesses. Such purchases or arrangements to purchase may not be carried out for the purpose of promoting or otherwise facilitating the exchange offer or for the purpose of creating actual, or
apparent, active trading in, or maintaining, or affecting the prices of the Banco Sabadell Securities.

For a description of the
trading activities included within the scope of the SEC’s relief, see “The Exchange Offer—Relief Requested from the SEC—Tender Offer Rules Exemptive and No-Action Relief”.

The BBVA Prospective Purchasers intend to effect such purchases in the ordinary course of their businesses in reliance on the relief granted
by the SEC, subject to the conditions imposed by the SEC and otherwise in accordance with applicable law.

Rule 14e-1 relief

Pursuant to exemptive relief granted on September 2, 2025 by the SEC from Rule 14e-1(b) under the Exchange Act, and subject to
certain enumerated conditions set forth in the relief letter, BBVA may adjust the share consideration offered in the exchange offer if Banco Sabadell makes any distributions of dividends, reserves or any other type of distribution to its
shareholders (regardless of whether it is an ordinary, extraordinary, interim or complementary distribution) prior to the settlement of the exchange offer, provided that the publication of the results of the exchange offer in the Official
Quotation Bulletins is made on the same day or after the ex-dividenddate of such distribution of dividends, reserves or any other type of distribution, as