Company: BBVXF
Filing Date: 2025-09-05
Form Type: 6-K
Source: 0001193125-25-196713
Chunk: 8

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 6-K
Chunk 8
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 Delay Estimated Synergies and Restructuring Cost Timeline (Annual synergies pre-tax, 4 year phase-in process, €Mn) Fully phased-in synergies 26% 100% fully-phased synergies synergies 1 year delay vs. original 175 €Mn 60 €Mn scenario COST FUNDING SYNERGIES SYNERGIES 175 €Mn 235 €Mn 900 €Mn COST SYNERGIES COST & FUNDING SYNERGIES TOTAL SYNERGIES POST MERGER c. 1.4 €Bn restructuring costs 1 Merger PRE-MERGER PERIOD POST-MERGER 2026 2027 2028 2029 p. 13 p. 13 (1) Subject to the condition set by the Council of Ministers, which can be extended by 2 years.

HIGHLY ATTRACTIVE OFFER 4 More Attractive Oﬀer Today 1 % SHARES CASH SHARES Oﬀer Terms 13.6 subject to acceptance of SAB shareholders FOR 0.70€ stake in the >50% of voting rights 1 5.5483 combined 2 entity 3 AT UNDISTURBED PRICE CURRENT EQUIVALENT VALUE % Increased Value +43 12.2 €Bn 17.4 €Bn of the Oﬀer 4 Current offer valuation + PREMIUMS : 5 Sabadell’s remuneration % % % 30 42 50 1D 1M VWAP 3M VWAP (1) In line with the offer presented on May 9, 2024, the consideration (initially one newly issued BBVA share for every 4.83 shares of Banco Sabadell) has been adjusted to reﬂect: (i) the payment of Banco Sabadell dividends since the announcement of the offer (0.08€ gross per share on Oct 1, 2024, 0.1244€ gross per share on Mar 28, 2025, and 0.07€ gross per share on Aug 29, 2025), and (ii) the payment of BBVA dividends since the announcement of the offer (0.29€ gross per share on Oct 10, 2024, 0.41€ gross per share on Apr 10, 2025). (2) Calculated based on the issuance