Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 251

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 251
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 in
connection with the exchange offer only through the day prior to the last day of the acceptance period as required by the Spanish Takeover Regulation, rather than through the expiration date of the exchange offer, as would be required by Rule 14d-7,
and that withdrawal rights would not be provided after the expiration date of the exchange offer.

168

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025.

This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all

information herein remains strictly confidential.

DESCRIPTION OF BBVA SHARES

The following summary of material considerations concerning the share capital of BBVA briefly describes certain material provisions of
BBVA’s bylaws (estatutos sociales) and Spanish law relating to the share capital of BBVA. Because it is a summary, it is not meant to be complete, is qualified by reference to the applicable Spanish laws and BBVA’s bylaws and
does not contain all the information that may be important to you. Copies of BBVA’s bylaws are included as an exhibit to the Registration Statement of which this offer to exchange/prospectus forms a part.

General

All rights and obligations of
BBVA’s shareholders are contained in BBVA’s bylaws and in Spanish law. In addition, pursuant to Royal Decree 84/2015 of February 13, implementing Law 10/2014 (Real Decreto 84/2015, de 13 de febrero, por el que se desarrolla la Ley 10/2014, de 26 de junio, de ordenación, supervisión y solvencia de entidades de crédito), as amended, replaced or supplemented from time to time (“RD 84/2015”), amendments of the bylaws of a bank are subject to
notice to or prior authorization of the Bank of Spain. Other requirements to amend BBVA’s bylaws are discussed under “—Attendance and Voting at Shareholders’ Meetings”.

As of the date of this offer to exchange/prospectus, BBVA’s paid-in share capital is
€2,824,009,877.85, represented by 5,763,285,465 BBVA shares (5,763,285,465 voting rights) with a par value of €0.49 per unit, all of them of the same class and series, fully subscribed and paid-up
and represented through the book-entry trading system held by Iberclear, which manages the clearance and settlement