Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 238

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 238
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.05 through the issuance of up to 1,126,339,845 newly-issued BBVA shares to be offered to the holders of Banco Sabadell shares pursuant to the exchange
offer.

At the annual general shareholders’ meeting of BBVA held on March 21, 2025, BBVA’s shareholders approved a reduction
of BBVA’s share capital by up to 10% of BBVA’s share capital as of the date of such resolution, corresponding to 576,328,546 BBVA shares, with a nominal value of €0.49 each, subject to obtaining, where appropriate, the corresponding
regulatory authorizations, through the redemption of own shares acquired derivatively by BBVA by virtue of the authorization granted by BBVA’s general shareholders’ meeting held on March 18, 2022. This resolution may be implemented until
the date of the next annual general shareholders’ meeting of BBVA.

Non-residents of Spain
may hold and vote BBVA shares subject to the general restrictions set forth below. See “—Exchange Controls and Restrictions on Foreign Investments” and “—Restrictions on Acquisitions of BBVA Shares”.

Registry and BBVA’s Object and Purpose

BBVA is registered with the Commercial Registry of Bizkaia (Spain). Its registration number at the Commercial Registry of Bizkaia is volume
2,083, Company section folio 1, sheet BI-17-A, 1st entry. Its

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corporate purpose is to carry out all kinds of activities, operations, acts, contracts and services within the banking business or directly or indirectly related to it, which are permitted or not
prohibited by the provisions in force and supplementary activities. Its corporate purpose also includes the acquisition, possession, use and disposal of securities, public offering of acquisition and sale of securities, as well as all types of
holdings in any entity or company. BBVA’s corporate purpose is stated in Article 3 of BBVA’s bylaws.

Attendance and Voting at Shareholders’ Meetings

Each BBVA share entitles the shareholder to one vote. BBVA shares that are not paid-up in full are not entitled to vote, or to receive distributions of dividends or preemptive rights. As of the date of this offer to exchange/prospectus, all BBVA shares were fully
paid-up.

Any BBVA share may be voted by proxy. Any shareholder who is entitled to attend a
general shareholders’ meeting may be represented at such general shareholders’ meeting by another person