Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 13

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 13
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 and the board members 
 of Banco Sabadell in relation to the exchange offer, the opinion of Banco Sabadell’s directors with respect to the exchange offer, their intention to tender (or not) the Banco Sabadell shares that they directly or indirectly hold into the           
 exchange offer and the existence and nature of any conflict of interest. The report must also contain the potential consequences of the exchange offer on, and the strategic plans of BBVA with respect to, Banco Sabadell, its employees and the        
 location of its activity centers disclosed by BBVA in the offering documents published in Spain. Further, under Rule 14e-2 of the Exchange Act, Banco Sabadell, no later than ten U.S. business days from the                                            
 date the exchange offer is first published, sent or given, will need to disclose its position (or inability to take a position) with respect to the exchange offer. Banco Sabadell’s respective Chairman and Chief Executive Officer have publicly       
 manifested their opposition to the exchange offer.                                                                                                                                                                                                       |

| Q. | What will I receive if I tender my Banco Sabadell shares and the exchange offer is completed? |

| A. | If you tender, and do not withdraw, your Banco Sabadell shares into the exchange offer and the exchange offer                                                                                                                                        
 is completed, you will receive one newly-issued BBVA share and €0.70 in cash for each 5.5483 Banco Sabadell shares tendered (adjusted, as the case may be, as described in this offer to exchange/prospectus). The treatment of fractional shares is 
 described in the following question.                                                                                                                                                                                                                 |

| Q. | Will I receive fractional BBVA shares or a fraction of the exchange offer cash consideration? |

| A. | No fractional BBVA shares will be issued in connection with the exchange offer. Instead of any such fractional                                                                                                                                          
 BBVA shares that a tendering holder of Banco Sabadell shares would otherwise be entitled to receive, BBVA will pay to the relevant tendering holder an amount in cash equal to the weighted average price per BBVA share during the 15 trading sessions 
 prior to the expiration date (including the expiration date) multiplied by the fraction of a BBVA share that a tendering holder of Banco Sabadell shares would otherwise be entitled to receive in accordance with the exchange ratio of 5.5483         
 (adjusted, as the case may be, as described in this offer to exchange/prospectus). Such amount in cash will be rounded to