Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 260

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 260
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1/2025, of January 28), effective November 19, 2020 and until December 31, 2026), the following persons will also be deemed to be foreign investors, provided they invest in listed companies or the investment value exceeds €500 million for investments in private – non-listed– companies:

| • |     | EU and European Free Trade Association (“EFTA”) residents in countries other than Spain; and |

| • |     | Spanish residents beneficially owned by EU or EFTA residents in countries other than Spain, that is, those in                                                                                   
 which an EU or EFTA resident other than in Spain ultimately owns or controls more than 25% of the share capital or voting rights of, or otherwise exercises control over, the Spanish resident. |

Foreign direct investments (“FDI”) are:

| • |     | investments that result in a foreign investor reaching a stake of at least 10% of the share capital of a Spanish 
 company; and                                                                                                     |

| • |     | any corporate transaction, business action or legal transaction which confers control of a Spanish company. |

Not all foreign direct investments are subject to the Screening Mechanism. Investments are subject to the Screening Mechanism only if they qualify as FDI and the investment is made in one of the critical sectors 181

mentioned in article 7 bis of Law 19/2003, is made pursuant to what is foreseen in Sole Transitional Provision of Royal Decree-Law34/2020, or—only where the investor is a Non-UEor non-EFTAinvestor—by investors that meet certain subjective criteria regardless of the business of the target. FDI by the following “foreign investors” are also subject to the Screening Mechanism, regardless of the business of the target:

| • |     | Investors directly or indirectly controlled by a non-EU and non-EFTA government, including state bodies, armed forces or sovereign wealth funds; the possibility of exercising decisive influence as a result of an agreement or through the ownership of shares or interests in 
 another person (directly or indirectly) is deemed to constitute “control” for these purposes.                                                                                                                                                                                    |

| • |     | Investors that have already made an investment affecting national security, public order or public health in 
 another EU member state, including an investment in any of the abovementioned sectors.                       |

| • |     | If there is a serious risk that the investor engages in illegal or criminal activities affecting national 
 security, public order or public health