Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 209

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 209
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 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, telex, facsimile transmission and
delivery charged incurred at the request of persons depositing BBVA shares; and transfer, brokerage or registration fees for the registration of transfers of deposited BBVA shares on any applicable register, in each case payable in connection with
the deposit of BBVA shares. Timing for the delivery for BBVA ADSs will depend upon the satisfaction of conditions for deposit of BBVA shares under the Deposit Agreement, including delivery of any required instructions and evidence of ownership and
payment of the aforementioned fees, as well as the procedures used by any broker assisting the relevant holder with the exchange of BBVA shares for BBVA ADSs.

Spanish Tax Consequences for U.S. Shareholders

General

The description below
summarizes certain material Spanish taxation considerations, is intended as a general guide and applies only to (i) holders exchanging their Banco Sabadell shares for BBVA shares and the exchange offer cash consideration pursuant to the
exchange offer; and (ii) the ownership and disposition of BBVA shares received pursuant to the exchange offer. The description below is based on Spanish law currently in force, which is subject to