Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 87

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 87
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For the calculation of the combined basic and diluted earnings (losses) per share from continuing operations, the negative goodwill (badwill) recognized in results has been taken into account. If excluded, the combined earnings (losses) per share from continuing operations would amount to €1.71 and €1.69 in the event of completion of the exchange offer under the Full Acquisition Scenario or the Minimum Acceptance Scenario, respectively. Impact of Other Potential Scenarios in the Pro Forma Financial Information The description below contemplates the potential impact that other scenarios would have on the pro forma financial information. Sensitivity of Goodwill/(Negative Goodwill) to the Trading Price of the BBVA Shares The sensitivity of goodwill/(negative goodwill), estimated in accordance with the assumptions and information described above, to a positive or negative variation of €0.50 in the BBVA share price is approximately +/- €530 million.

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| consideration, the negative goodwill (badwill) resulting from completion of the exchange offer would be approximately €1,014 million and €507 million, in the event of 
 completion of the exchange offer under the Full Acquisition Scenario and the Minimum Acceptance Scenario, respectively.                                                |

| • |     | Assuming a trading price of €12.17 per BBVA share (corresponding to the closing price per BBVA share on                                                                                                                                     
 February 20, 2025) and €2.42 per Banco Sabadell share (the equivalent price per Banco Sabadell share resulting from the application of the exchange ratio of 5.0196) and the exchange offer cash consideration, the goodwill resulting from 
 completion of the exchange offer would be approximately €1,045 million and €523 million, in the event of completion of the exchange offer under the Full Acquisition Scenario and the Minimum Acceptance Scenario, respectively.            |

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COMPARATIVE MARKET PRICE AND DIVIDEND PER SHARE INFORMATION BBVA shares are listed on the Spanish Stock Exchanges under the symbol “BBVA”. BBVA shares are also listed on the LSE under the symbol “BVA” and the Mexican Stock Exchange under the symbol “BBVA”. BBVA ADSs are listed on the NYSE under the symbol “BBVA”. Each BBVA ADS represents the right to receive one BBVA share. Banco Sabadell shares are listed on the Spanish Stock Exchanges under the symbol “SAB”. The following table presents trading information for the securities on May 8, 2024, the last trading day before the publication of BB