Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
Chunk: 38

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
Chunk 38
---
 did not review this version. In the event of any discrepancies between this document and the corresponding Spanish version, the Spanish version shall prevail. The acquisition by BBVA of control of Banco Sabadell as a result of the Offer will result in the indirect acquisition of control or significant stakes in such regulated entities that are subsidiaries or investees of Banco Sabadell, which may require, in accordance with the applicable regulations in each case, the obtaining of authorization or non-oppositionfrom the competent Spanish supervisory bodies or from other jurisdictions other than Spain, as applicable. The indirect acquisition of control or significant stakes by BBVA in subsidiaries or investees of Banco Sabadell has obtained the authorization or non-oppositionof the competent supervisory bodies. For more information on authorizations from other competent supervisory bodies, see section V.2 of the Prospectus.

| 12. | TERRITORIAL RESTRICTION |

The Offer is addressed exclusively to the holders of shares of Banco Sabadell under the terms set out in the Prospectus, and the Prospectus or its contents do not constitute an extension of the Offer to any other jurisdiction where the Offer could constitute a violation of the legislation applicable to that jurisdiction or where the Offer requires the distribution or registration of additional documentation to the Prospectus. Banco Sabadell shareholders who reside outside Spain and decide to participate in the Offer are advised that the Offer may be subject to legal and regulatory restrictions other than those contemplated in Spanish law. For all purposes permitted by law, BBVA has not confirmed compliance, nor does it intend to take any action to comply, with any laws relating to the verification, applicability and implications of the Offer, except as provided in the Prospectus. BBVA shares will not be offered, sold or otherwise transferred in the United States of America without having been previously registered or unless the Offer is exempt from registration or is not subject to the registration obligation under the U.S. Securities Act of 1933, as amended. A registration document (Form F-4)is expected to be filed with the SEC for shareholders or investors residing in the United States of America. The Offer is being made outside the United States of America in accordance with Regulation S of the U.S. Securities Act of 1933, as amended.

| 13. | INFORMATION FOR SHAREHOLDERS RESIDENT IN THE UNITED STATES OF AMERICA |

The Prospectus has not been reviewed by the SEC and does not constitute an offer or solicitation to purchase securities in the United States of America. No copy of