Company: BBVXF
Filing Date: 2025-05-01
Form Type: 425
Source: 0001193125-25-108507
Chunk: 8

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-05-01
Form: 425
Chunk 8
---
 between clients and BBVA, provided that they in any case comply with the 
 obligations set forth in this commitment.                                                                            |

| c. | Communications from BBVA directed at large companies. For these purposes, large companies shall be understood as those 
 that exceed the thresholds to be considered SMEs.                                                                      |

| 3.5. | Following the Acquisition of Control, each Party shall inform its clients, through its respective corporate websites,                                                                                                                                   
 of the availability of the commercial offering terms of the other Party. To this end, BBVA shall submit a draft of the communication to be published on the corporate websites to the CNMC sufficiently in advance for its approval, and the CNMC shall 
 confirm its decision to BBVA within 10 business days from the receipt of the draft.                                                                                                                                                                     |

| 4. | Commitment to preserve physical presence in certain territories |

This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.

| 4.1. | BBVA undertakes not to discontinue its branch presence (nor replace it with an agent, mobile branch, or ATM) in any of                                                                                                                  
 the municipalities listed in Annex 1 where, as a result of the Proposed Transaction, the resulting entity is present and there is only one competing branch. This commitment shall also apply to the eight municipalities identified in 
 Annex 1 where one of the Parties is currently present and no competing branches exist.                                                                                                                                                  |

| 4.2. | For the purposes of section 4.1 above, it shall be understood that: |

| a. | The Parties are currently present in those municipalities where they operate a bank branch open to the public on the 
 date of notification of the Resolution.                                                                              |

| b. | BBVA shall be deemed to have abandoned a municipality if it closes all its bank branches therein as a consequence of                                                                                                                                  
 the Proposed Transaction. For clarification purposes, the closure of one branch shall not constitute a breach of this commitment in municipalities where two or more branches of the Parties exist on the date on which the CNMC notifies BBVA of the 
 Resolution.                                                                                                                                                                                                                                           |

| 4.3. | BBVA undertakes not to close Banco Sabadell or BBVA branches where there is no other branch of either Party located 
 within a distance of less than 300 meters.                                                                          |

| 4.4. | BBVA undertakes not to close any Banco Sabadell or BBVA branches located