Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 15

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 15
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 settlement of the exchange offer, will such dividend payment affect the 
 consideration I will receive in exchange for my Banco Sabadell shares?                                    |

| A. | If BBVA makes any distribution of dividends, reserves or any other type of distribution to its shareholders                                                                                                                                                                                                                                                                                                                           
 (regardless of whether it is an ordinary, extraordinary, interim or complementary distribution) prior to the settlement of the exchange offer or, if applicable, after the settlement of the exchange offer but before the settlement of a subsequent squeeze-out transaction, the consideration payable upon settlement of the exchange offer or settlement of such subsequent squeeze-out transaction, or both, as applicable, will 
 be adjusted upwards by including a cash payment for each Banco Sabadell share tendered pursuant to the                                                                                                                                                                                                                                                                                                                                |

6

| Q. | If I tender my Banco Sabadell shares into the exchange offer, what upcoming dividends of Banco Sabadell and 
 BBVA will I receive?                                                                                        |

| A. | If you tender, and do not withdraw, your Banco Sabadell shares into the exchange offer and the exchange offer                                                                                                                                             
 is completed, you will receive BBVA shares in exchange for your Banco Sabadell shares as described in this offer to exchange/prospectus. As a holder of BBVA shares you will be entitled to receive any dividends paid to BBVA shareholders following the 
 settlement of the exchange offer. BBVA’s current shareholder remuneration policy involves distributing between 40% and 50% of its consolidated net attributable profit annually, combining cash dividends and share buy-backs. BBVA is committed to       
 distributing capital in excess of what is required to maintain a 12% CET1 ratio (subject to any restrictions imposed by, and the approval of, relevant supervisory bodies and BBVA’s corporate bodies, as applicable).                                    |

If you tender, and do not withdraw, your Banco Sabadell shares into the exchange offer and the exchange offer is completed, you will no longer receive any dividends paid by Banco Sabadell that have an ex-dividenddate that occurs after the date of publication of the results of the exchange offer in the Official Quotation Bulletins. BBVA intends to review Banco Sabadell’s shareholder remuneration policy following completion of the exchange offer. BBVA does not have any specific plans with respect to Banco Sabadell’s shareholder remuneration policy, which will be determined by BBVA only after its review of such remuneration policy.

| Q. | How do I tender my Banco Sabadell shares in