Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 198

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 198
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. BBVA does not intend to make any distribution of dividends, reserves or any other type of
distribution to its shareholders (regardless of whether it is an ordinary, extraordinary, interim or complementary distribution) during the acceptance period.

Tendering holders of Banco Sabadell shares who become shareholders of BBVA pursuant to the exchange offer will no longer receive any dividends
paid by Banco Sabadell that have an ex-dividenddate that occurs after the date of publication of the results of the exchange offer in the Official Quotation Bulletins but will however receive any dividends paid by BBVA that have an
ex-dividenddate that occurs after the date of publication of the results of the exchange offer in the Official Quotation Bulletins.

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For a description of Spanish and U.S. federal income tax consequences of these dividend
payments for U.S. shareholders, see “—Spanish Tax Consequences for U.S. Shareholders” and “—Material U.S. Federal Income Tax Considerations for U.S. Holders” below.

The BBVA shares to be issued in connection with the exchange offer will have the same dividend, voting and other rights as the other currently
outstanding BBVA shares.

BBVA ADSs

If the exchange offer is completed, holders of Banco Sabadell shares who tender their Banco Sabadell shares into, and do not withdraw them
from, the exchange offer, will receive BBVA shares as described in this offer to exchange/prospectus. BBVA shares trade in the form of ADSs in the United States on the NYSE. Tendering Banco Sabadell shareholders who receive BBVA shares in the
exchange offer may, subject to the provisions of the amended and restated deposit agreement dated June 29, 2007, among BBVA, the Bank of New York Mellon (the “Depositary”) and the holders from time to time of BBVA ADSs (the
“Deposit Agreement”), following the exchange offer deposit the BBVA shares they receive in the exchange offer with the depositary for such ADS facility and receive BBVA ADSs that are tradeable on the NYSE.

Pursuant to the terms of the Deposit Agreement, the Depositary may charge persons who deposit BBVA shares in exchange for BBVA ADSs up to
U.S.$5.00 per 100 BBVA ADSs or portion thereof. In addition, such persons are responsible for the payment of any stock transfer or other taxes (including Spanish income taxes) and other governmental charges; cable, te