Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 22

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 22
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 the tax consequences to you of tendering your Banco Sabadell shares in the exchange offer.                                                                               |

| Q. | Is BBVA’s financial condition relevant to my decision to tender my Banco Sabadell shares into the 
 exchange offer?                                                                                   |

| A. | Yes. If the exchange offer is completed, you will receive BBVA shares as consideration in the exchange offer.                                                                                                                 
 Consequently, you should consider BBVA’s financial condition before you decide to become one of BBVA’s shareholders through the exchange offer. The BBVA Group had consolidated assets of €772,402 million as of December 31, 
 2024 and net attributable profit/(loss) of €10,054 million for the year ended December 31, 2024. In considering BBVA’s financial condition, you should also review the documents incorporated by reference in this offer to   
 exchange/prospectus because they contain detailed business, financial and other information about BBVA.                                                                                                                       |

| Q. | If BBVA acquires all of the Banco Sabadell shares in the exchange offer, what percentage of BBVA shares will 
 former holders of Banco Sabadell shares own after completion of the exchange offer?                          |

| Q. | If my Banco Sabadell shares are acquired in the exchange offer, how will my rights as a Banco Sabadell 
 shareholder change?                                                                                    |

| A. | If your Banco Sabadell shares are acquired in the exchange offer, 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 (Texto Refundido de la Ley de Sociedades de Capital aprobado por el Real Decreto  
 Legislativo 1/2010), as amended (the “Spanish Corporation Law”). For a summary of the material differences between the rights of holders of BBVA shares compared to the rights of holders of Banco Sabadell shares, see “Comparison of 
 Rights of Holders of BBVA Shares and Banco Sabadell Shares” in this offer to exchange/prospectus beginning on page 150.                                                                                                                |

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| Q. | When will I receive my BBVA shares? |

| A. | Under Spanish law, a number of procedural steps must be taken after the exchange offer is completed and before                                                                                    
 BBVA shares can be delivered. If the exchange offer is completed, BBVA expects that you will receive