Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 14

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 14
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 the nearest euro cent and, in the event of a half of a euro cent, to the immediately higher euro cent. Under no circumstances 
 will interest be paid on the cash to be received in lieu of any fractional shares.                                                                                                                                                                      |

With respect to the exchange offer cash consideration, tendering holders of Banco Sabadell shares that tender a number of Banco Sabadell shares that does not entitle them to receive at least one newly-issued BBVA share, or that entitles them to receive a whole number of newly-issued BBVA shares but have an excess number of Banco Sabadell shares that would entitle them to receive the above cash payment in lieu of a fractional BBVA share, will receive an amount in cash equal to €0.70 multiplied by the fraction of a BBVA share that they would otherwise be entitled to receive in accordance with the exchange ratio of 5.5483 (adjusted, as the case may be, as described in this offer to exchange/prospectus). Such amount in cash will be rounded to the nearest euro cent and, in the event of a half of a euro cent, to the immediately higher euro cent. Under no circumstances will interest be paid on the exchange offer cash consideration.

| Q. | If Banco Sabadell pays any dividends before settlement of the exchange offer, will such dividend payment 
 affect the consideration I will receive in exchange for my Banco Sabadell shares?                        |

| A. | If Banco Sabadell makes 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) prior to the settlement of the exchange offer or, if applicable, after the settlement of the exchange offer but before the settlement of a 
 subsequent squeeze-out transaction, the share exchange offered as consideration in the exchange offer or in such subsequent squeeze-out transaction, or both, as                                                                                        
 applicable, will be adjusted                                                                                                                                                                                                                            |

5

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.

| Q. | If BBVA pays any dividends before