Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 104

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 104
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 case may                                                                                                                                       
 be, the only holders of depositary or other receipts or certificates representing ordinary shares of Newco, are Existing Shareholders and the Voting Rights in respect of Newco are held by Existing Shareholders in the same proportions as their 
 respective holdings of such Voting Rights immediately prior to the Scheme of Arrangement;                                                                                                                                                          |

| (c) | immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries 
 of Newco are) the only ordinary shareholder (or shareholders) of BBVA;                                        |

| (d) | all Subsidiaries of BBVA immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a     
 Subsidiary) are Subsidiaries of BBVA (or of Newco) immediately after completion of the Scheme of Arrangement; and |

| (e) | immediately after completion of the Scheme of Arrangement, BBVA (or Newco) holds, directly or indirectly, the                                                    
 same percentage of the ordinary share capital and equity share capital of those Subsidiaries as was held by BBVA immediately prior to the Scheme of Arrangement; |

“Non-CashDividend” means any Dividend which is not a Cash Dividend, and shall include a Spin-Off; “Notice Cut-offDate” shall have the meaning set forth under “— Conversion—Conversion Procedures”; “Parity Securities” means any instrument issued or guaranteed by BBVA (including the guarantee thereof), which instrument or guarantee, respectively, ranks pari passuwith the contingent convertible preferred securities upon the insolvency of BBVA; “Paying Agent”, when used with respect to the contingent convertible preferred securities of any series, means any person (which may include BBVA) authorized by BBVA to pay the Liquidation Preference (and premium, if any) of, or Distributions on, or any Additional Amounts with respect to, the contingent convertible preferred securities of such series on behalf of BBVA, which expression shall include the Principal Paying Agent. Except as otherwise specified in the relevant prospectus supplement, The Bank of New York Mellon, London Branch (or a successor thereof), will act as Paying Agent in respect of the contingent convertible preferred securities of any series; 71

“Paying and Conversion Agent” means, when used with respect to the contingent
convertible preferred securities of any series, the Principal Paying Agent and any other paying and conversion agent appointed in accordance