Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 52

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 52
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, E.F.G.P, S.A., Spanish pension funds manager company in which Banco Sabadell has a significant shareholding, in accordance with Royal Legislative Decree 1/2002, of November 29, approving the consolidated 
 text of the law of regulation of pension plans and funds. On June 4, 2024, BBVA submitted the required communication to the Directorate-General for Insurance and Pension Funds informing about the indirect acquisition of a significant stake in 
 Bansabadell Pensiones E.F.G.P, S.A. and no express or tacit authorization from the Directorate-General for Insurance and Pension Funds is required thereafter.                                                                                     |

| viii. | The Directorate-General of Insurance and Pension Funds in relation to the indirect acquisition of control of                                                                                                                                        
 Bansabadell Mediación, Operador de Banca-Seguros vinculado del Grupo Banco Sabadell, S.A., Spanish bank-assurance operator subsidiary of Banco Sabadell, in accordance with Royal Decree-law 3/2020, of                                             
 February 4, on urgent measures by which various directives of the European Union in the field of public procurement in certain sectors are incorporated into the Spanish legal system; private insurance; pension plans and funds; in the tax field 
 and tax litigation. On October 4, 2024, the Directorate-General of Insurance and Pension Funds confirmed its non-opposition to the indirect acquisition of control of Bansabadell Mediación, Operador de Banca-Seguros vinculado del Grupo Banco    
 Sabadell, S.A. by BBVA.                                                                                                                                                                                                                             |

| ix. | The Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores)                                                                                                    
 in relation to the acquisition of indirect control of Banco Sabadell S.A., Institución de Banca Múltiple, Mexican multiple banking institution subsidiary of Banco Sabadell, in accordance with the |

35

| xi. | The U.S. Financial Industry Regulatory Authority (“FINRA”) in relation to the acquisition of        
 indirect control of Sabadell Securities USA, Inc., U.S. broker-dealer subsidiary of Banco Sabadell. |

The relevant authorization or non-opposition from the competent regulatory supervisory bodies set forth in items (i) to (x) and (xii) above were obtained on the respective dates indicated therein. Completion of the exchange offer is not conditioned upon obtaining the authorization of FINRA set forth in item (xi) above, and, as a result, the exchange offer will