Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 76

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 76
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 including, without limitation, the pro forma financial information included herein, has been subject to rounding. As a result, figures shown as totals in tables or elsewhere in this exchange offer/prospectus may not compute due to
rounding.

According to the consolidated financial statements of Banco Sabadell as of and for the year ended December 31, 2024,
as of December 31, 2024, Banco Sabadell held 78,840,390 Banco Sabadell shares in treasury, representing approximately 1.45% of its share capital, of which 52,531,365 treasury shares had been acquired by Banco Sabadell pursuant to a share buy-back
program announced on April 25, 2024. On January 29, 2025, Banco Sabadell announced the completion of a capital reduction consisting of the redemption of such 52,531,365 Banco Sabadell shares (although the capital reduction has not yet been
registered with the relevant commercial registry).

Purpose of Pro Forma Financial Information

The pro forma financial information has been prepared in accordance with Article 11 of Regulation S-X
and on the basis of the facts and circumstances set forth under the headings “—Sources of Information” and “—Assumptions and Estimations Used” below. Its purpose is to reflect the estimated impact of completion of the
exchange offer under the assumption that (i) BBVA acquires 100% of the Banco Sabadell shares (excluding 78,840,390 Banco Sabadell shares held in treasury by Banco Sabadell as of December 31, 2024) in exchange for newly-issued BBVA shares according
to the exchange ratio (for purposes of this section, the “Full Acquisition Scenario”), and (ii) BBVA acquires the minimum number of Banco Sabadell shares necessary to satisfy the related condition to the exchange offer in exchange for
newly-issued BBVA shares according to the exchange ratio (for purposes of this section, the ”Minimum Acceptance Scenario”). See also “—Impact of Other Potential Scenarios in the Pro Forma Financial Information”.

The pro forma financial information includes (i) a combined unaudited condensed consolidated pro forma balance sheet of the BBVA Group as
of December 31, 2024 which would result from the combination of the consolidated balance sheet of the Banco Sabadell Group and the consolidated balance sheet of the BBVA Group as of such date; and (ii) a combined unaudited condensed