Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 35

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 35
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2007, in the event of a negative result of the Offer, the entities or persons that receive the declarations of acceptance on behalf of BBVA will be obliged to return the documents evidencing the ownership of the shares that have been delivered by the accepting shareholders. All expenses generated by such a refund will be borne by BBVA. Any other expenses other than those described above will be borne by the person who incurs them.

| 10.4 | Deadlines for waiver of the condition to which the effectiveness of the Offer is subject |

The only outstanding condition to which the Offer is subject is the Minimum Acceptance Condition described in section 7.1(i) of this announcement. In accordance with the provisions of Article 33.3 of Royal Decree 1066/2007, BBVA may waive the Minimum Acceptance Condition until no later than the trading day following the day on which the CNMV anticipates the number of declarations of acceptance of the Offer submitted and not revoked. In this regard, BBVA has a waiver granted by the SEC under the terms described in section 7.2 previous.

| 10.5 | Designation of the financial intermediary acting on behalf of BBVA in the acceptance and settlement procedure |

BBVA will be the entity in charge of processing and settling the transactions for the acquisition of Banco Sabadell shares resulting from the Offer, in accordance with the provisions of Chapter III of the Prospectus. BBVA will also be the entity in charge of processing and settling the acquisition transactions of those Banco Sabadell shares that are affected by the forced sale and purchase rights. All this in the terms described in the following section for forced sale and section IV.11 of the Prospectus. BBVA will also be the entity responsible for the intervention and settlement, where appropriate, of the forced sale and purchase transactions, under the terms described in the Prospectus.

| 10.6 | Forced sale and purchase rights |

In accordance with the provisions of Article 116 of the Securities Market Law and Article 47 of Royal Decree 1066/2007, the necessary requirements for the exercise of the right of forced sale will be met if, on the settlement date of the Offer: (i) BBVA holds shares representing at least 90% of the voting share capital of Banco Sabadell, and (ii) the Offer has been accepted by holders of shares representing at least 90% of the voting rights of Banco Sabadell to whom the Offer has been addressed. In the event that the