Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 194

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 194
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, announcing the call of respective extraordinary general shareholders’ meetings to be held at 10:00 a.m. CET and 1:00 p.m. CET on August 6, 2025, on second call, to (i) authorize the TSB Sale and (ii) approve the payment of the TSB Sale Dividend, respectively. On July 22, 2025, Banco Sabadell published an other relevant information notice in response to a request from the CNMV to provide certain clarifications in relation to certain aspects of the information made available by Banco Sabadell with respect to the TSB Sale. According to the TSB Sale Inside Information Notice:

| • |     | The consideration for all of the shares representing the share capital of TSB is an initial price of                                                                                                                   
 £2,650 million, determined by reference to the Tangible Net Asset Value (“TNAV”) resulting from TSB’s unaudited consolidated balance sheet as of March 31, 2025, subject to adjustment as a result of the evolution of 
 TSB’s TNAV between April 1, 2025 and the closing of the TSB Sale.                                                                                                                                                      |

| • |     | The purchase and sale price of the equity instruments and securities issued by TSB and subscribed by Banco                                                                                                                                           
 Sabadell not matured, repurchased or redeemed as of the closing date of the TSB Sale will correspond to the sum of the fair values assigned to such equity instruments and securities based on the credit spreads agreed by Banco Sabadell and Banco 
 Santander, S.A. for each such equity instrument and security as of such closing date.                                                                                                                                                                |

| • |     | Closing of the TSB Sale is expected to occur in the first quarter of 2026. |

| • |     | The sale and purchase agreement for the TSB Sale provides for an allocation of risks and liabilities customary                                                                                                                       
 for transactions of this type, certain non-competition and non-solicitation covenants and the payment of a break-up fee to Banco Santander, S.A. if following the approval of the TSB Sale by Banco Sabadell’s extraordinary general 
 shareholders’ meeting, Banco Sabadell sells TSB to a third party for a price higher than the price agreed with Banco Santander, S.A.                                                                                                 |

On August 6, 2025, extraordinary general shareholders’ meetings of Banco Sabadell (i) authorized the TSB Sale and (ii) approved the