Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 62

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 62
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 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.

Spanish Tax Consequences for U.S. Shareholders (page 144)

As a general rule, no charge to Spanish tax (including Spanish Transfer Tax or
Value Added Tax) will arise to Qualifying Shareholders (as defined in “The Exchange Offer—Spanish Tax Consequences for U.S. Shareholders” beginning on page 144) in respect of the exchange offer.

The ownership and disposition of BBVA shares by Qualifying Shareholders may entail Spanish tax implications. However, under certain
conditions, dividends and capital gains obtained from BBVA shares by Qualifying Shareholders may benefit from the reduced rates and exemptions of the United States-Spain Treaty (as defined in “The Exchange Offer—Spanish Tax Consequences
for U.S. Shareholders” beginning on page 144).

U.S. Federal Income Tax Consequences for U.S. Holders (page 148)

The U.S. federal income tax consequences of the exchange offer are discussed under “The Exchange Offer—Tax Consequences—Material
U.S. Federal Income Tax Considerations for U.S. Holders”. The discussion of the material U.S. federal income tax consequences contained in this offer to exchange/prospectus is intended to provide only a general discussion and is not a complete
analysis or description of all potential U.S. federal income tax consequences that are applicable to you in respect of the exchange offer, nor does it address any tax considerations arising under U.S. state or local or
non-U.S. tax laws. You are urged to consult your tax adviser regarding the tax consequences of the exchange offer.

Comparison of Rights of Holders of BBVA Shares and Banco Sabadell Shares (page 185)

If you tender into, and do not withdraw, your Banco Sabadell shares from the exchange offer and the exchange offer is completed, you will
become a holder of BBVA shares. The rights of a holder of BBVA shares will be governed by BBVA’s bylaws, its general shareholders’ meeting’s regulations and the Spanish Corporation Law. See “Comparison of Rights of Holders