Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 140

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 140
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 if any of the regulatory supervisory bodies in items (x) and (xi) above does not authorize the 105

exchange or authorizes the exchange offer subject to conditions or any such authorization has not been received by the expiration date. See “Risk Factors—Risks Relating to the Exchange
Offer—Completion of the exchange offer is not conditioned on the obtainment of certain antitrust and regulatory approvals and authorizations; however, if such approvals and authorizations are not obtained, and the exchange offer is completed,
the business, financial condition and results of operations of BBVA and Banco Sabadell may be adversely affected”.

BBVA has notified
or requested the corresponding authorizations or declarations of non-opposition from the aforementioned competent regulatory supervisory bodies, other than the authorization from FINRA for the reasons
explained above.

The exchange offer has also been notified to the European Commission pursuant to Regulation (EU) 2022/2560 of the
European Parliament and of the Council of December 14, 2022, on foreign subsidies that distort the internal market. This authorization was obtained on November 26, 2024.

Procedure for Tendering

Upon settlement of the exchange offer, holders of Banco Sabadell shares who tender, and do not withdraw, their Banco Sabadell shares into the
exchange offer will receive one newly-issued BBVA share and €0.29 in cash for each 5.0196 Banco Sabadell shares. The participation of an Iberclear participant will be necessary for the delivery of the exchange offer consideration.

As BBVA is a credit institution legally authorized to perform the functions of an agent and is a member entity of the Spanish Stock Exchanges
and an Iberclear participant, BBVA will be responsible for intervening and settling the exchange offer, acting as the agent bank.

Holders
of Banco Sabadell shares who wish to tender their Banco Sabadell shares into the exchange offer must submit their declaration of acceptance in writing to the Iberclear participant where their Banco Sabadell shares are deposited, either in person, by
electronic means or by any other means permitted by such Iberclear participant. Holders of Banco Sabadell shares may tender all or part of their Banco Sabadell shares, from the first day of the acceptance period until the expiration date (both
inclusive) and every declaration of acceptance must tender at least one Banco Sabadell share.

Banco Sabadell shares tendered into the
exchange offer must be transmitted in favor