Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 205

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 205
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 or administrative proceedings for engaging in illegal or criminal 
 activities.                                                                                             |

Foreign direct investments by the following non-EUand non-EFTAinvestors 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 in Spain.                                                         |

Foreign direct investments described above shall be subject to prior administrative authorization granted by the relevant Spanish Authority, in accordance with the administrative conditions established. In addition to the above, pursuant to Council Regulation (EU) 833/2014, it shall be prohibited to sell euro denominated transferable securities issued after April 12, 2022, or securities denominated in any other currency and issued after August 6, 2023, or units in collective investment undertakings providing exposure to such securities, to any Russian national or natural person residing in Russia or any legal person, entity or body established in Russia. This restriction shall not apply to nationals of an EU member state or a country member of the European Economic Area or of Switzerland, or natural persons having a temporary or permanent residence permit in an EU member state, in a country member of the European Economic Area or in Switzerland. Further, pursuant to Council Regulation (EC) No 765/2006, it shall be prohibited to sell transferable securities denominated in any official currency of an EU member state issued after April 12, 2022 or units in collective investment undertakings providing exposure to such securities, to any Belarusian national or natural person residing in Belarus or any legal person, entity or body established in Belarus. Such prohibition shall not apply to nationals of an EU member state or natural persons having a temporary or permanent residence permit in an EU member state. See also “—Restrictions on Acquisitions of BBVA Shares” below. 145

Restrictions on Acquisitions of