Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 18

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 18
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. | Do I need to vote at any meeting to approve the exchange offer? |

| A. | Your vote is not required in connection with the exchange offer. You simply need to tender your Banco Sabadell 
 shares during the acceptance period, if you choose to do so.                                                   |

| Q. | Will tendered shares be subject to proration? |

| A. | No. Subject to the terms and conditions of the exchange offer, BBVA will acquire any and all Banco Sabadell 
 shares validly tendered into, and not withdrawn from, the exchange offer.                                   |

8

| Q. | If I do not participate in the exchange offer, will my Banco Sabadell shares continue to be listed on the                      
 Spanish Stock Exchanges? Can BBVA squeeze-out the holders of Banco Sabadell shares that do not tender into the exchange offer? |

| A. | The exchange offer is not a delisting offer so if you do not participate in the exchange offer and the exchange                                                                                                                                                                                                                                                                                                                                   
 offer is completed, you will continue to hold your Banco Sabadell shares and your Banco Sabadell shares will continue to be listed. However, if the requirements set forth in articles 116 of the Law 6/2023, of March 17, on the Securities Markets                                                                                                                                                                                              
 and Investment Services, as amended (Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, the “Spanish Securities Market Law”) and 47 of the Spanish Takeover Regulation                                                                                                                                                                                                                                       
 are met, which would require that (i) the exchange offer is accepted by holders of Banco Sabadell shares representing at least 90% of the Banco Sabadell shares subject to the exchange offer; and (ii) following completion of the exchange                                                                                                                                                                                                      
 offer, BBVA holds a number of Banco Sabadell shares representing at least 90% of the voting rights in Banco Sabadell’s share capital (excluding, in each case, any treasury shares held by Banco Sabadell), BBVA will exercise its right to demand                                                                                                                                                                                                
 the squeeze-out of the remaining Banco Sabadell shares at the same consideration (including the share consideration and the exchange offer cash consideration) as offered pursuant to the exchange offer                                                                                                                                                                                                                                          
 (adjusted, as the case may be, as described in this offer to exchange/prospectus). To this effect, within the three Spanish stock exchange business days following the