Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 17

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 17
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ell’s staff to be one of its main assets, with talent management being a fundamental priority to maintain the competitive advantages of the combined entity. For more information on the strategic plans and intentions regarding the maintenance of the jobs at Banco Sabadell and its group, see section IV.3 of the Prospectus.

| 9.4 | Plans relating to the use or disposal of Banco Sabadell’s assets and expected changes in its net financial 
 indebtedness                                                                                               |

| 9.4.1. | Plans relating to the use or disposal of Banco Sabadell’s assets |

BBVA does not have any specific plan or forecast in relation to the use or disposal of Banco Sabadell’s 10

This is an unofficial English translation for information purposes only of the offer announcement’s official version in Spanish. The National Securities Market Commission (Comisión Nacional del Mercado de Valores) did not review this version. In the event of any discrepancies between this document and the corresponding Spanish version, the Spanish version shall prevail. assets, which will be analyzed in any case after the settlement of the Offer and in any case respecting current legislation and the provisions of the Condition of the Council of Ministers.

| 9.4.2. | Expected changes in Banco Sabadell’s net indebtedness |

BBVA intends to promote the renewal of Banco Sabadell’s wholesale financing, in accordance with its maturity schedule, under better conditions than the current ones due to the difference between the new issuance spreads of the different instruments and maturities of BBVA’s wholesale financing and the conditions of Banco Sabadell’s issuances. Apart from the above, after the settlement of the Offer, BBVA will carry out a review and detailed analysis of Banco Sabadell’s financial structure in order to, where appropriate, promote the implementation of additional optimization measures once integrated into the BBVA Group that contribute to the maximization of Banco Sabadell’s value. Apart from the above, BBVA does not have any plans with respect to Banco Sabadell’s net financial indebtedness.

| 9.5 | Plans relating to the issuance of securities by Banco Sabadell |

Apart from the transactions inherent in the ordinary management of regulatory capital and liquidity of a banking entity and its regulated subsidiaries in the ordinary course of its activity, BBVA does not intend to promote the issuance of new securities by Banco Sabadell and its group.

| 9.6 | Planned corporate restructurings |

| 9.6.1. | Review of