Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 19

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 19
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 them into the exchange offer, you should follow the                      
 procedures described under “The Exchange Offer—Procedure for Tendering” in this offer to exchange/prospectus beginning on page 138. |

| Q. | When does the exchange offer expire? |

| A. | The exchange offer will expire at 5:59:59 p.m. Eastern time (11:59:59 p.m. Central European time) on the                  
 expiration date. The expiration date is currently    , 2025, but this date will change if the exchange offer is extended. |

| Q. | Can the exchange offer be extended? |

| A. | Yes. BBVA may extend the period of time in which the exchange offer is open one or more times in accordance                                                                                                                                     
 with the provisions of article 23 of the Royal Decree 1066/2007 (the “Spanish Takeover Regulation”), provided that such extension complies with U.S. securities laws, and, provided further that the acceptance period does not exceed 70       
 calendar days and that any extension is communicated in advance to the CNMV. The extension of the acceptance period, if any, must be announced at least three calendar days before the then-scheduled expiration date of the acceptance period, 
 indicating the circumstances that motivate such extension. If BBVA extends the period of time during which the exchange offer is open, the                                                                                                      |

8

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.

| exchange offer will expire at the latest time and date to which BBVA extends the exchange offer. The CNMV may also extend the exchange offer acceptance period at its own discretion under the                                                      
 circumstances set forth in the Spanish Takeover Regulation, including (i) following a supplement to the offering documents published (or that will be published) in Spain when the CNMV considers that the materiality of the information disclosed 
 in such supplement makes the extension of the exchange offer appropriate; or (ii) in other cases where the CNMV deems such extension necessary, through a justified resolution and to the extent legally possible.                                  |

| Q. | Can I withdraw any Banco Sabadell shares that I have tendered? |

| A. | Holders of Banco Sabadell shares may withdraw their declarations of acceptance at any time prior to the last                                                                                                                                          
 day of the