Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 20

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 20
---
 be paid in October of each year) and a final dividend (which would be paid once the year has ended and the application of the result has been approved by the General Shareholders’ Meeting, foreseeably in April of each year), cash distributions may be combined with share buy-backprograms, all subject to the authorizations and approvals that are applicable at any given time. BBVA also maintains its commitment to the market to distribute to its shareholders in the medium term, all excess capital generated over the 12% CET1 ratio 1(corresponding to the upper part of the target capital range in the group). BBVA plans to maintain BBVA’s shareholder remuneration policy after the settlement of the Offer.

| 9.8 | Plans concerning the structure, composition and functioning of Banco Sabadell’s management bodies |

BBVA intends to reflect the controlling stake it achieves after the settlement of the Offer in the composition of the management, administration and control bodies of Banco Sabadell, through the appointment of a number of directors that corresponds to that controlling stake (which will imply the appointment of more than half of the members of the Board of Directors of Banco Sabadell, although there is no decision on the matter). BBVA also intends to reflect the controlling participation in the composition of the Committees of the Board of Directors of Banco Sabadell to the extent legally possible. In this regard, the Condition of the Council of Ministers recognizes BBVA’s right to appoint directors to the Board of Directors of Banco Sabadell. 1Basel IV Proforma, subject to regulatory approvals. 12

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.

| 9.9 | Plans regarding the maintenance or amendment of Banco Sabadell’s Bylaws |

BBVA has no specific plans or intentions regarding the amendment of Banco Sabadell’s Bylaws within the next 12 months.

| 9.10 | Intentions regarding the maintenance of the listing of Banco Sabadell’s securities |

The Offer is not an exclusion offer. Notwithstanding the foregoing, in the event that the requirements set forth in Articles 116 of the Securities Market Act and 47 of Royal Decree 1066/2007 are met, BBVA will exercise the right to demand the forced sale