Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 174

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 174
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 please see “—Plans for Banco Sabadell after the Exchange Offer—Planned Corporate Restructuring Transactions of Any Kind”.

Fees and Expenses

Holders of Banco
Sabadell shares who tender their Banco Sabadell shares through BBVA, as agent bank, will not bear the brokerage expenses resulting from the participation of a member entity of the Spanish Stock Exchanges in the exchange offer, nor Iberclear’s
liquidation fees, nor, if applicable, fees resulting from contracting with the Spanish Stock Exchanges, which will be paid in full by BBVA.

If a member entity of the Spanish Stock Exchanges or an Iberclear participant (other than BBVA) intervenes on behalf of a holder of Banco
Sabadell shares who tenders its Banco Sabadell shares into the exchange offer, all brokerage and other costs, including Iberclear’s liquidation fees and fees resulting from contracting with the Spanish Stock Exchanges, must be borne by such
tendering holder. Under no circumstances will BBVA be responsible for any commissions and expenses that any depository and administrative entities may charge to holders of Banco Sabadell shares for the submission of any declaration of acceptance and
the deposit of their respective Banco Sabadell shares.

The expenses incurred by BBVA in the acquisition of the Banco Sabadell shares
and their respective settlement, including any expenses derived from the payment of any fractional shares and the exchange offer cash consideration, will be borne by BBVA.

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In accordance with the provisions of article 33.5 of the Spanish Takeover Regulation, if the
exchange offer is terminated, all declarations of acceptance submitted in connection with the exchange offer will become null and void and all expenses incurred by the tendering holders of Banco Sabadell shares in the submission of such declarations
of acceptance will be borne by BBVA. In accordance with article 39.1 of the Spanish Takeover Regulation, if the exchange offer is not completed, the entities or persons that received the declarations of acceptance on behalf of BBVA will be required
to return the documents accrediting the ownership of the corresponding Banco Sabadell shares to tendering holders. All expenses incurred as a result thereof will be borne by BBVA.

Source and Amount of Funds

The exchange offer is not conditioned upon any financing arrangements, and no funds have been borrowed for purposes of the exchange offer. BBVA
will use general corporate funds to pay the exchange offer cash consideration and any additional cash requirements of the exchange offer.

BBVA’s