Company: BBVXF
Filing Date: 2025-09-22
Form Type: 425
Source: 0001193125-25-210709
Chunk: 1

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-22
Form: 425
Chunk 1
---
 Decree 1066/2007 ”). The detailed terms and characteristics of the amendment of the Offer will be contained in the supplement to the explanatory prospectus that will be published after obtaining the aforementioned authorization. TO THE NATIONAL SECURITIES MARKET COMMISSION Banco Bilbao Vizcaya Argentaria, S.A., a listed public limited company of Spanish nationality, with registered office at Plaza de San Nicolás nº 4, 48005 Bilbao, Spain, with NIF A-48265169and code LEI K8MS7FD7N5Z2WQ51AZ71, and registered with the Commercial Registry of Bizkaia, on sheet no. BI-17A, and in the Special Register of Banks and Bankers of the Bank of Spain under number 0182, duly represented by Ms. Victoria del Castillo Marchese, of legal age, of Spanish nationality, with valid National Identity Document (DNI) 01180539H, duly authorized to act on behalf of BBVA by virtue of the powers conferred in her favor by the Board of Directors at its meeting held on September 21, 2025, EXPOSES

| 1. | Decision to amend the Offer |

BBVA, by resolution of its Board of Directors dated September 21, 2025, has decided to amend the terms of the Offer by improving the consideration offered (currently, one ordinary share of BBVA and €0.70 in cash for every 5.5483 ordinary shares of Banco Sabadell), with an amendment of its nature. The improved consideration for the Offer consists of one (1) newly issued ordinary share of BBVA for every four point eight three seven six (4.8376) ordinary shares of Banco Sabadell.

Unofficial English translation for information purposes only

| 2. | Documentation accompanying this request for authorization to amend the Offer |

For the purposes of the provisions of Article 31 of Royal Decree 1066/2007, the following documents are attached to this request for authorization for consideration and analysis by the CNMV:

| (i) | Duly signed copy of the supplement to the prospectus of the Offer; |

| (ii) | Documentation evidencing BBVA’s resolutions in relation to the amendment of the Offer and the granting of powers   
 of attorney in favor of the person responsible for the prospectus and signatory of this request for authorization. |

| (iii) | Copy of the report of Deloitte Strategy Risk