Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 136

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 136
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 Common Shares are traded ex-rightson the Relevant Stock Exchange. (j) If BBVA determines that a reduction to the Floor Price should be made for whatever reason, the Floor Price will be reduced (either generally or for a specified period as notified to holders of the contingent convertible preferred securities of such relevant series) in such manner and with effect from such date as BBVA shall determine and notify to the holders of the relevant series of contingent convertible preferred securities. Notwithstanding the foregoing provisions in this section “ Anti-Dilution Adjustment of the Floor Price”:

| • |     | where the events or circumstances giving rise to any adjustment of the Floor Price have already resulted or will                                                                                                                                     
 result in an adjustment to the Floor Price or where the events or circumstances giving rise to any adjustment arise by virtue of any other events or circumstances which have already given or will give rise to an adjustment to the Floor Price or 
 where more than one event which gives rise to an adjustment to the Floor Price occurs within such a short period of time that, in the opinion of BBVA, a modification to the operation of the adjustment provisions is required to give the intended 
 result, such modification shall be made to the operation of the adjustment provisions as may be determined in good faith by an Independent Financial Adviser to be in its opinion appropriate to give the intended result; and                       |

| • |     | such modification shall be made to the operation of the anti-dilution adjustment terms described in this section                                                                                                                 
 “Anti-Dilution Adjustment of the Floor Price” as may be determined in good faith by an Independent Financial Adviser to be in its opinion appropriate (A) to ensure that an adjustment to the Floor Price or the economic effect 
 thereof shall not be taken into account more than once and (B) to ensure that the economic effect of a Dividend is not taken into account more than once;                                                                        |

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and in each case, any such modification shall be conclusive and binding on all parties (including the holders and beneficial owners of any contingent convertible preferred security) save in the case of manifest error. For the purpose of any calculation of the consideration receivable or price pursuant to sub-paragraphs(d), (f), (g) and (h) above, the following provisions shall apply:

| • |     | the aggregate consideration receivable or price for Common Shares issued for cash shall be the amount of such 
 cash;                                                                                                         |

| • |     | (A) the aggregate consideration receivable or price for Common Shares to be issued