Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 186

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 186
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ell Securities to facilitate or in response to customer orders, including clearance and settlement of these
transactions (including buy-ins); (3) creation, trading and redemption of derivative products (including futures, forwards, options, repurchase agreements, warrants, swaps, cash-settled derivatives, debentures or similar instruments) and structured
products (including structured notes, structured deposits, unit links or similar instruments), the performance of which is determined with reference to Banco Sabadell Securities or any index or basket of which they form a part; (4) hedging and
covering activities, including dynamic hedging, short sales and other forms of hedging and covering; (5) index

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arbitrage activities; (6) program trades on behalf of clients, other than BBVA and Banco Sabadell; (7) stock borrowing and lending in Banco Sabadell Securities; (8) purchasing Banco Sabadell
shares for purposes of delivering such securities upon exercise of call options or warrants or buying Banco Sabadell Securities in respect of the exercise of put options or warrants in connection with the activities described in (4) and (7) above;
(9) buying and selling shares or units in collective investment schemes operated by any of the BBVA Prospective Purchasers, or by their associates, to clients of such BBVA Prospective Purchasers where the schemes in question may hold, acquire, or
dispose of interests in Banco Sabadell Securities; (10) acting as trustee, nominee, or custodian for client positions in Banco Sabadell Securities (including executing instructions to liquidate the assets in a trust which may include Banco Sabadell
Securities, and distributing the proceeds in accordance with the applicable law and contract), or for any other security mentioned in this list; (11) acting as executor or personal representative for a deceased client whose portfolio includes Banco
Sabadell Securities (including executing instructions to liquidate the assets in an estate which may include Banco Sabadell Securities, and distributing the proceeds in accordance with the applicable law and contract); and (12) lending to clients
and accepting a portfolio of securities including Banco Sabadell Securities as collateral for such loan.

The BBVA Prospective Purchasers
intend to effect such purchases in the ordinary course of their businesses in reliance on the relief granted by the SEC, subject to the conditions imposed by the SEC and otherwise in accordance with applicable law.

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DESCRIPTION OF BBVA SHARES

The following summary of material considerations concerning the share capital