Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 102

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 102
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 transaction takes place. The term “exchange ratio” as used in this section “ —Unaudited Pro Forma Condensed Financial Information” means the exchange ratio of one newly-issued BBVA share for each 5.0196 Target Company shares (adjusted, as the case may be, for any distribution of dividends, reserves or any other type of distribution to Target Company shareholders prior to the settlement date of the Exchange Offer), unless the context otherwise requires. The term “exchange offer cash consideration” as used in this section “ —Unaudited Pro Forma Condensed Financial Information” means an amount in cash equal to €0.29 for each 5.0196 Target Company shares (adjusted, as the case may be, for any distribution of dividends, reserves or any other type of distribution to BBVA shareholders prior to the settlement date of the Exchange Offer). S-64

Main Adjustments to the Pro Forma Financial Information The pro forma financial information presented below reflects the acquisition by BBVA of 100% and 50.01%, respectively, of Target Company shares in exchange for newly-issued BBVA shares and the exchange offer cash consideration, in accordance with the exchange ratio. The assignment of the provisional purchase price implicit in the exchange ratio and included in the pro forma financial information is preliminary, is subject to subsequent adjustments as additional information becomes available and additional analyses are performed through completion of the Exchange Offer, and has been made solely with the aim of preparing the pro forma financial information presented below. The pro forma financial information presented below includes a breakdown of the principal adjustments included based solely upon publicly-available information regarding the Target Company corresponding to the year ended December 31, 2023 and the six months ended June 30, 2024, as applicable. The adjustments included in the pro forma financial information solely include those that are factually supportable on the basis of the information that is publicly available to BBVA. Combined Unaudited Condensed Consolidated Pro Forma Balance Sheet as of June 30, 2024 The table below presents the combined unaudited condensed consolidated pro forma balance sheet of the BBVA Group as of June 30, 2024, as if the Exchange Offer had been completed as of such date and assuming the acquisition by BBVA of 100% and 50.01%, respectively, of Target Company shares.

|                                                                        |     |            |     BBVA 
 June 30, 
     2024 |     |     |   Target 
  Company 
 June 30,