Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 35

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 35
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 nearest      
 hundredth with five one thousandths of a BBVA share being rounded upwards (e.g., 0.205 would be rounded to 0.21)) that a tendering holder of Banco Sabadell shares would otherwise be entitled to receive in accordance with the exchange ratio of 5.0196 
 (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 cash to be received in lieu of any fractional shares.                                                                                                                                                                        |

| Exchange Offer Cash Consideration | Holders of Banco Sabadell shares will receive, in addition to the BBVA shares they are entitled to receive, €0.29 in cash for each 5.0196 Banco                                                                                                           
 Sabadell shares tendered and not withdrawn. 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 €0.29 multiplied by the       
 fraction of a BBVA share (rounded to the nearest hundredth with five one thousandths of a BBVA share being rounded upwards (e.g., 0.205 would be rounded to 0.21)) that they would otherwise be entitled to receive in                                    |

23

| accordance with the exchange ratio of 5.0196 (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.                                |

| Expiration Date | You may tender your Banco Sabadell shares into the exchange offer at any time prior to the expiration time, which is 17:59:59 p.m. Eastern time (23:59:59 p.m. Central European time) on the expiration date (which is 
 currently    , 2025).