Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 27

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 27
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 need to do anything if I want to retain my Banco Sabadell shares? |

| A. | No. If you want to retain your Banco Sabadell shares, you do not need to take any action. |

| Q. | Do I need to vote at any meeting to approve the exchange offer? |

| A. | Your vote is not required in connection with the exchange offer. You simply need to tender your Banco Sabadell 
 shares during the acceptance period, if you choose to do so.                                                   |

| Q. | Will tendered shares be subject to proration? |

| A. | No. Subject to the terms and conditions of the exchange offer, BBVA will acquire any and all Banco Sabadell 
 shares validly tendered into, and not withdrawn from, the exchange offer.                                   |

| Q. | If I do not participate in the exchange offer, will my Banco Sabadell shares continue to be listed on the                      
 Spanish Stock Exchanges? Can BBVA squeeze-out the holders of Banco Sabadell shares that do not tender into the exchange offer? |

| A. | The exchange offer is not a delisting offer so if you do not participate in the exchange offer and the exchange                                                                                                                                           
 offer is completed, you will continue to hold your Banco Sabadell shares and your Banco Sabadell shares will continue to be listed. However, if the requirements set forth in articles 116 of the Law 6/2023, of March 17, on the Securities Markets      
 and Investment Services, as amended (Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, the “Spanish Securities Market Law”), and 47 of the Spanish Takeover                                                         
 Regulation are met, which would require that (i) the exchange offer be accepted by holders of Banco Sabadell shares representing at least 90% of the Banco Sabadell shares subject to the exchange offer; and (ii) following completion of the            
 exchange offer, BBVA holds a number of Banco Sabadell shares representing at least 90% of the voting rights in Banco Sabadell’s share capital (excluding, in each case, any treasury shares held by Banco Sabadell), BBVA will exercise its right         
 to demand the squeeze-out of the remaining Banco Sabadell shares at the same consideration (including the share consideration and the exchange offer cash consideration) as offered pursuant to the exchange                                              
 offer