Company: BBVXF
Filing Date: 2025-05-01
Form Type: 425
Source: 0001193125-25-108507
Chunk: 5

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-05-01
Form: 425
Chunk 5
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. File C/1470/24, BBVA / Banco Sabadell COMMITMENTS [...]

| 1. | Definitions |

| ◾ |     | Closing of the Proposed Transaction: the transfer to BBVA of the Banco Sabadell shares tendered in the public                                                      
 takeover bid, including all rights inherent to such shares, on the settlement date of said offer, which shall take place after the announcement of the bid result. |

| ◾ |     | Commitments: the obligations assumed by BBVA in this document, conditional upon the Closing of the Proposed 
 Transaction.                                                                                                |

| ◾ |     | Competition Directorate: the Competition Directorate of the Spanish Competition and Market Commission (CNMC). |

| ◾ |     | Merger: a corporate restructuring transaction whereby Banco Sabadell is absorbed and integrated into BBVA,                        
 transferring all of Banco Sabadell’s assets and liabilities to BBVA in a single block, resulting in Banco Sabadell’s dissolution. |

| ◾ |     | Parties: jointly, BBVA and Banco Sabadell. |

| ◾ |     | SME: an incorporated company operating in Spain that meets the requirements set forth in Annex I of Regulation                                                                                                   
 (EU) No. 651/2014, namely: a commercial company employing less than 250 persons and having either an annual turnover not exceeding EUR 50 million or an annual balance sheet total not exceeding EUR 43 million. |

| ◾ |     | Resolution: the Resolution issued by the Competition Chamber of the CNMC Board authorizing the Proposed                                       
 Transaction in the second phase of the merger control procedure, once it becomes effective and enforceable pursuant to Article 58 of the LDC. |

| ◾ |     | Acquisition of Control: the moment when BBVA appoints a number of members to Banco Sabadell’s Board of                   
 Directors corresponding to its acquired majority interest, once the Closing of the Proposed Transaction has taken place. |

This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.

| 2. | Commitment in relation to Vulnerable Clients |

| 2.1. | Further to the Acquisition of Control has occurred, the Parties shall identify their respective clients in Spain for                                                                                                                    
 whom sufficient information is available to confirm that they meet the eligibility conditions set forth in section 2.2 (the “Vulnerable Clients”), and shall inform them of the possibility of benefiting from a new product (