Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 8

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 8
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 that in the prospectus, see section V.3 of the prospectus.

| 7. | CONDITIONS TO WHICH THE OFFER IS SUBJECT |

| 7.1 | Description of the conditions to which the Offer is subject |

| (i) | Minimum acceptance condition (Article 13.2.b) of Royal Decree 1066/2077) |

Pursuant to Article 13.2.b) of Royal Decree 1066/2007, BBVA has made the effectiveness of the Offer subject to the fulfilment of the condition that it be accepted by a number of shares that allow BBVA to acquire at least more than half of the voting rights of the shares of Banco Sabadell at the end of the acceptance period of the Offer, excluding any treasury stock held by Banco Sabadell as of that time, if applicable (the “ Minimum Acceptance Condition”). Compliance with the Minimum Acceptance Condition, in the terms described, will make the exception 5

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. to the obligation to launch a mandatory takeover bid for the acquisition of shares in accordance with Article 8.f) of Royal Decree 1066/2007 applicable, insofar as the Offer would have been accepted by shares representing, at least, 50% of the voting rights to which the Offer has been targeted (for which purposes the voting rights corresponding to the shares of Banco Sabadell that, at the end of the acceptance period of the Offer, are held by Banco Sabadell as treasury stock must be excluded).

| (ii) | Conditions that have been fulfilled |

The Offer was launched, in accordance with the provisions of Article 13.2.d) of Royal Decree 1066/2007, also subject to the following conditions, which have already been fulfilled:

| (i) | The approval by BBVA’s General Shareholders’ Meeting of the share capital increase through the issuance of          
 new ordinary shares with non-monetary contributions in an amount sufficient to fully cover the Share Consideration. |

This condition has already been fulfilled as of the date of this announcement, given that the aforementioned increase was approved by BBVA’s Extraordinary General Shareholders’ Meeting held on 5 July 2024