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

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 25
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 with the 264,551,530 shares acquired within the framework of its share buyback program authorized by the General Shareholders’ Meeting of Banco Sabadell held on March 20, 2025, and pending to be effectively redeemed.

| 10.2.2 | Offer acceptance procedure |

For the submission of declarations of acceptance, Banco Sabadell shareholders who wish to accept the Offer may:

| (i) | submit in writing their declaration of acceptance to the entity participating in Iberclear where they have deposited              
 their Banco Sabadell shares, either in person, by electronic means or by any other means accepted by said depositary entities; or |

| (ii) | submit their declaration of acceptance to BBVA, as an agent entity, in person at any BBVA branch or by electronic                                                                                                                                       
 means, provided that they have their Banco Sabadell shares directly deposited in an entity participating in Iberclear (i.e., shareholders who hold their Banco Sabadell shares in foreign entities that are not entities participating in Iberclear are 
 excluded from this modality).                                                                                                                                                                                                                           |

The agent entity, as a member of the market, shall collect such statements and shall submit information thereon daily to the Governing Bodies of the Stock Exchanges. Once the information has been received, the Governing Companies of the Stock Exchanges will transmit it, on a daily basis and also at the end of the acceptance period of the Offer, to each entity participating in Iberclear as depositary of shares on which the acceptors have issued declarations of acceptance, for the purposes of the blocking provided for in section 10.2.5 and the subsequent settlement of the Offer in accordance with the declarations made. In any case, BBVA, as the agent in this process, will be responsible for the correct management of the declarations of acceptance that it receives in this capacity and for the reconciliation of the information in the declarations of acceptance in accordance with the Operating Instruction, 15

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.

resolving any incidents that may occur with the shareholders who have submitted the corresponding declarations.

In this process, the participating entities will comply with the provisions of the corresponding Operating Instruction of the Governing Companies of the
Stock Exchanges