Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 247

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 247
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 “Banco Sabadell Securities”) prior to and during the conduct of, but outside of, the exchange offer in the ordinary course of their businesses. Such purchases or
arrangements to purchase may not be carried out for the purpose of promoting or otherwise facilitating the exchange offer or for the purpose of creating actual, or apparent, active trading in, or maintaining, or affecting the prices of the Banco
Sabadell Securities.

The ordinary-course trading activities included within the scope of the SEC’s relief from the provisions of
Rule 14e-5 under the Exchange Act include (1) purchasing and selling Banco Sabadell Securities as part of the BBVA Prospective Purchasers’ ordinary course prime brokerage, portfolio and asset management activities and, except with respect to
Banco Sabadell shares, as principal for their own accounts; (2) principal facilitation and unsolicited brokerage transactions involving purchases of Banco Sabadell Securities to facilitate or in response to customer orders, including clearance and
settlement of these transactions (including buy-ins); (3) creation, trading and redemption of derivative products (including futures, forwards, options, repurchase agreements, warrants, swaps, cash-settled derivatives, debentures or similar
instruments) and structured products (including structured notes, structured deposits, unit links or similar instruments), the performance of which is determined with reference to Banco Sabadell Securities or any index or basket of which they form a
part; (4) hedging and covering activities, including dynamic hedging, short sales and other forms of hedging and covering; (5) index arbitrage activities; (6) program trades on behalf of clients, other than BBVA and Banco Sabadell; (7) stock
borrowing and lending in Banco Sabadell Securities; (8) purchasing Banco Sabadell shares for purposes of delivering such securities upon exercise of call options or warrants or buying Banco Sabadell Securities in respect of the exercise of put
options or warrants in connection with the activities described in (4) and (7) above; (9) buying and selling shares or units in collective investment schemes operated by any of the BBVA Prospective Purchasers, or by their associates, to clients of
such BBVA Prospective Purchasers where the schemes in question may hold, acquire, or dispose of interests in Banco Sabadell Securities; (10) acting as trustee, nominee, or custodian for client positions in Banco Sabadell Securities (including
executing instructions