Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 3

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 3
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 of 1 September 2025, BBVA holds 4,464 Banco Sabadell shares that correspond entirely to the trading of securities in Banco Sabadell shares to cover BBVA customer positions related to derivatives transactions, but whose voting rights should not be attributed to BBVA for the purposes of Article 5 of Royal Decree 1066/2007. In the 12 months prior to the date of the prior announcement of the Offer and after the prior announcement of the Offer and until the date of this announcement, neither BBVA, nor its directors, nor any of its group companies, nor, to the best of BBVA’s knowledge, after having carried out the appropriate verifications, none of the directors of the companies in its group have carried out or agreed to carry out transactions with Banco Sabadell shares or with securities that give the right to subscribe or acquire shares in Banco Sabadell, whose voting rights must be attributed to BBVA in accordance with Article 5 of Royal Decree 1066/2007. BBVA has not entered into any agreement with any person to acquire, directly or indirectly, by itself or through an intermediary, or in concert, shares of Banco Sabadell, outside of the Offer. On the other hand, BBVA does not intend to acquire Banco Sabadell shares outside the Offer. The foregoing is without prejudice to the fact that, taking into account that BBVA is a credit institution that offers its customers a full range of banking and investment and asset management services in the ordinary course of its activity, the CNMV has communicated guidelines to BBVA that generally prohibit the acquisition and transfer of Banco Sabadell securities by the companies of the BBVA group in order to its own account, except for certain ordinary BBVA transactions with Sabadell shares in relation to the execution, settlement or hedging of transactions with customers in the ordinary course of business, which would not give rise to the consequences of Article 32 of Royal Decree 1066/2007. Upon BBVA’s express request, the treatment granted by the CNMV is based on the fact that these BBVA transactions with Banco Sabadell shares are part of the ordinary course of its business, in accordance with its past practice and not for the purpose of accumulating Banco Sabadell shares or facilitating or influencing the Offer. These exceptions are in line with those permitted by the U.S. Securities and Exchange Commission (“ SEC”) in accordance with U.S. regulations, in particular by virtue of the exemption granted to BBVA