Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 46

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 46
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.S. 1000152932861, page 873, sheet B-1561.

Banco Sabadell is a Spanish company with legal status as a public limited company (sociedad anónima) and is governed by the
Spanish Corporation Law. Banco Sabadell is subject to special legislation applicable to credit entities in general, the supervision, control and regulation of the ECB, and, as a listed company, the regulatory oversight of the CNMV.

The main activity carried out by the Banco Sabadell Group in the different jurisdictions in which it operates is banking, and fundamentally
commercial banking through a wide range of products and services for large and medium-sized companies, small and medium-sized enterprises (“SMEs”), retailers
and self-employed workers, professional groups, other individuals and bancassurance. The main customers of the Banco Sabadell Group are SMEs and individual clients in Spain, with a total customer base that is now six times larger than it was in
2008. As of December 31, 2024, the Banco Sabadell Group operated a total of 1,350 branches (1,139 in Spain). The Banco Sabadell Group’s retail banking activities are conducted primarily through this branch network.

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As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential.

Risk Factors (page 41) An investment in BBVA shares involves risks. In considering whether or not to tender your Banco Sabadell shares in the exchange offer, you should carefully consider the information about these risks set forth under “Risk Factors” in this offer to exchange/prospectus beginning on page 41, together with the other information included or incorporated by reference into this offer to exchange/prospectus. The Exchange Offer (page 122)

| Exchange Offer | BBVA is undertaking the exchange offer pursuant to the offering documents published (or that will be published) in Spain and made available (or that will be made available) to all shareholders of Banco Sabadell, to acquire all of the issued and 
 outstanding Banco Sabadell shares. The exchange offer will be addressed to U.S. holders of Banco Sabadell shares pursuant to this offer to exchange/prospectus.                                                                                      |

| Consideration | If the exchange offer is completed, you will receive one newly-issued BBVA share and €0.70 in cash for each 5