Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 11

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 11
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 dividend reinvestment plans. These market activities have occurred and are expected to continue to occur primarily outside the
United States and, to a lesser extent, inside the United States, in each case solely in the ordinary course of business and not in contemplation of, or with a view to facilitating, the exchange offer.

For additional information, see “The Exchange Offer—Relief Requested from the SEC—Regulation M Exemptive Relief”.

2

QUESTIONS AND ANSWERS ABOUT THE PROPOSED EXCHANGE OFFER The summary term sheet in question-and-answerformat set forth below highlights selected information about the exchange offer that is included elsewhere in this offer to exchange/prospectus. It does not, however, contain all of the information included in, or incorporated by reference into, this offer to exchange/prospectus and you should read and consider all such information carefully before deciding whether or not to tender your Banco Sabadell shares into the exchange offer.

| Q. | Who is offering to acquire my Banco Sabadell shares? |

| A. | The exchange offer is being undertaken by BBVA, the parent company of the BBVA Group. The BBVA Group is a                                                                                                                                             
 customer-centric global financial services group founded in 1857. Internationally diversified and with strengths in retail banking, asset management and wholesale banking, the BBVA Group is committed to offering a compelling digital proposition  
 focused on customer experience. BBVA has a leadership position in the Spanish market, it is the largest financial institution in Mexico in terms of assets, it has leading franchises in South America, and it is the majority shareholder in Garanti 
 BBVA, Turkey’s largest bank in terms of market capitalization. The BBVA Group had consolidated assets of €776,974 million and €772,402 million as of June 30, 2025 and December 31, 2024, respectively, and net attributable                          
 profit/(loss) of €5,447 million and €10,054 million for the six months ended June 30, 2025 and for the year ended December 31, 2024, respectively.                                                                                                    |

Additional information about the BBVA Group is included in the 2024 Form 20-Fand the BBVA First Half 2025 Results Form 6-K (each as defined herein), which are incorporated by reference in this offer to exchange/prospectus.

| Q. | What is BBVA proposing to do? |

| A. | BBVA is undertaking an exchange offer to acquire all of the