Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 16

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 16
---
 the exchange offer? |

| A. | Holders of Banco Sabadell shares who wish to tender their Banco Sabadell shares into the exchange offer must                                                                                        
 (i) submit their declaration of acceptance in writing to the Spanish clearing system (Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (“Iberclear”)) 
 participant where their Banco Sabadell shares are deposited, either in person, by electronic means or by any                                                                                        |

7

| other means permitted by such Iberclear participant, or (ii) submit their declaration of acceptance to BBVA, as agent bank, either in person at any BBVA office or by electronic means, provided                                                   
 that such holder’s Banco Sabadell shares are deposited directly with an Iberclear participant (e.g., this option (ii) is not available to holders of Banco Sabadell shares that hold their Banco Sabadell shares through foreign entities that are 
 not Iberclear participants). Before submitting a declaration of acceptance, holders of Banco Sabadell shares are urged to read this offer to exchange/prospectus in its entirety.                                                                  |

| Q. | Will I have to pay any fees or commissions for tendering my Banco Sabadell shares? |

| A. | Holders of Banco Sabadell shares who tender their Banco Sabadell shares through BBVA will not bear the                                                                                                                                              
 brokerage expenses resulting from the participation of a member entity of the Spanish Stock Exchanges, nor Iberclear’s settlement fees, nor, if applicable, fees resulting from contracting with the Spanish Stock Exchanges, which will be paid in 
 full by BBVA.                                                                                                                                                                                                                                       |

If a member entity of the Spanish Stock Exchanges or an Iberclear participant (other than BBVA) intervenes on behalf of a holder of Banco Sabadell shares who tenders its Banco Sabadell shares into the exchange offer, all brokerage and other costs, including Iberclear’s settlement fees and fees resulting from contracting with the Spanish Stock Exchanges, must be borne by such tendering holder. The expenses incurred by BBVA in the acquisition of the Banco Sabadell shares and their respective settlement, including any expenses derived from the payment of any fractional shares, will be borne by BBVA. BBVA will assume any fees charged by Iberclear participants’ depositary entities for the processing of declarations of acceptance and the settlement of the exchange offer to holders who submit their declarations of