Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 6

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 6
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5; (iv) the final dividend in the gross amount of €0.41 per share paid by BBVA to its shareholders on April 10, 2025; and (v) the interim dividend against 2025 results for a gross amount of €0.07 per share paid by Banco Sabadell to its shareholders on August 29, 2025; the Offer became one (1) newly issued ordinary share of BBVA and €0.70 for every five point five four eight three (5.5483) ordinary shares of Banco Sabadell. Adjustment for dividends or distributions from Banco Sabadell If Banco Sabadell makes any other distribution of dividends, reserves or any other distribution to its shareholders prior to the settlement of the Offer, whether ordinary or extraordinary, on account or complementary, the exchange offered as consideration will be adjusted accordingly again in an amount equivalent to the gross amount per share of Banco Sabadell of the dividend or distribution, provided that the date of publication of the result of the Offer in the quotation bulletins coincides with or is after the ex-dividenddate. No adjustment to the Exchange Ratio will be derived from the buy-backprograms that Banco Sabadell may execute. Adjustment for dividends or distributions from BBVA 4

This is an unofficial English translation for information purposes only of the offer announcement’s official version in Spanish. The National Securities Market Commission (Comisión Nacional del Mercado de Valores) did not review this version. In the event of any discrepancies between this document and the corresponding Spanish version, the Spanish version shall prevail. If BBVA makes any other distribution of dividends, reserves or any other distribution to its shareholders prior to the settlement of the Offer, the Offer will be adjusted upwards by increasing the Cash Consideration by an amount equal to the aforementioned dividend or distribution per BBVA share, provided that the date of publication of the result of the Offer in the listing notes coincides with or is later than the ex-dividenddate. No adjustment to the Exchange Ratio will be derived from any buyback program that BBVA may execute. The Offer is voluntary and is made in accordance with the provisions of Article 13.5 of Royal Decree 1066/2007 and, therefore, the consideration is not subject to the fair price rules established in Article 9 of Royal Decree 1066/2007. Consequently, BBVA has not taken into account the criteria and valuation methods of the rules on fair pricing for mandatory takeover bids. The Offer will be settled by