Company: BBVXF
Filing Date: 2025-09-05
Form Type: 6-K
Source: 0001193125-25-196713
Chunk: 9

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 6-K
Chunk 9
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 of 905 million new BBVA shares (taking into consideration 5,024 million Banco Sabadell shares at a 5.5483x share exchange ratio and 100% take-up) over the post-deal BBVA total shares outstanding of 6,669 million shares. (3) Considering BBVA Undisturbed Price (10.90€/Sh. as of Apr 29, 2024, day before merger discussions were disclosed) at 4.83x share exchange ratio and 5,388 million shares. (4) Implied premiums over Banco Sabadell 1 day, 1-month VWAP (Volume Weighted Average Price) and 3-month VWAP as of Apr 29, 2024. (5) Considers 14.3 €Bn payment in BBVA shares according to BBVA share price of € 15.81 per share (Sept 4, 2025), and 0.6€Bn payment in cash plus Banco Sabadell’s p. 14 p. 14 shareholder remuneration distributed since the announcement of the tender offer (1.5€Bn cash dividends and 1.0€Bn share buybacks).

HIGHLY ATTRACTIVE OFFER 4 Current Equivalent Value Represents Highest Valuation of Sabadell in More than a Decade Market Value of Banco Sabadell vs. BBVA Offer (€Bn, end of period) 1 2.5 2 14.9 Sabadell Shareholder remuneration since the announcement of the offer Value of BBVA Offer Market cap of Banco Sabadell Apr 29, Value of BBVA Offer 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Apr 29, Sep 4, 3 2024 2025 Source: Bloomberg. (1) Banco Sabadell’s shareholder remuneration distributed since the announcement of the tender offer (1.5€Bn cash dividends and 1.0€Bn share buybacks). (2) Considers 14.3€Bn payment in BBVA p. 15 p. 15 shares according to BBVA share price of € 15.81 per share (Sept 4, 2025), and 0.6€Bn and payment in cash. (3) Value of BBVA Offer has been calculated based on the Undist