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

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 25
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 consummated, TSB will, following consummation of the TSB Sale, no longer be part of the BBVA Group. Additionally, the exchange ratio for the exchange offer would be adjusted as a result of the payment of the TSB Sale Dividend only if the ex-dividenddate occurs prior to the date of publication of the results of the exchange offer in the Official Quotation Bulletins. Given that, according to the TSB Sale Inside Information Notice, the closing of the TSB Sale is expected to occur in the first quarter of 2026, the exchange ratio is not expected to be adjusted as a result of the payment of the TSB Sale Dividend”.

| Q. | Do I need to do anything if I want to retain my Banco Sabadell shares? |

| A. | No. If you want to retain your Banco Sabadell shares, you do not need to take any action. |

| Q. | Do I need to vote at any meeting to approve the exchange offer? |

| A. | Your vote is not required in connection with the exchange offer. You simply need to tender your Banco Sabadell 
 shares during the acceptance period, if you choose to do so.                                                   |

| Q. | Will tendered shares be subject to proration? |

| A. | No. Subject to the terms and conditions of the exchange offer, BBVA will acquire any and all Banco Sabadell 
 shares validly tendered into, and not withdrawn from, the exchange offer.                                   |

| Q. | If I do not participate in the exchange offer, will my Banco Sabadell shares continue to be listed on the                      
 Spanish Stock Exchanges? Can BBVA squeeze-out the holders of Banco Sabadell shares that do not tender into the exchange offer? |

| A. | The exchange offer is not a delisting offer so if you do not participate in the exchange offer and the exchange                                                                                                                                           
 offer is completed, you will continue to hold your Banco Sabadell shares and your Banco Sabadell shares will continue to be listed. However, if the requirements set forth in articles 116 of the Law 6/2023, of March 17, on the Securities Markets      
 and Investment Services, as amended (Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, the “Spanish Securities Market Law”), and 47 of the Spanish Takeover                                                         
 Regulation are