Company: BBVXF
Filing Date: 2025-05-01
Form Type: 425
Source: 0001193125-25-108507
Chunk: 12

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-05-01
Form: 425
Chunk 12
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VA to divest 6.27%. |

| c. | Sociedad de Procedimientos de Pago, S.L. (Bizum), with a shareholding cap of 24%, requiring BBVA to divest 6.06%. |

| d. | Sociedad Española de Medios de Pago, S.A. (ServiRed): BBVA currently holds a 28.71% shareholding and undertakes    
 to divest the excess (indirect) shareholding in ServiRed resulting from the Proposed Transaction down to this cap. |

| 7.1. | If BBVA is unable to carry out the divestment under the terms set forth in the bylaws and the shareholders’                                                                                                                                          
 agreements, and for so long as such divestment has not taken place, if ultimately possible, BBVA undertakes not to exercise, under any circumstances, the voting rights attached to the portion of its shareholding derived from Banco Sabadell that 
 exceeds the aforementioned ownership thresholds.                                                                                                                                                                                                     |

| 7.2. | BBVA undertakes not to vote in favor of any amendment to the bylaws of the aforementioned companies that may be                                                                                                                           
 proposed with the aim of increasing the majority requirements for the approval of resolutions, in order to obtain veto rights that could grant negative control, for a period of three years from the date of the Acquisition of Control. |

| 8. | Commitment on maintain credit facilities |

| 8.1. | BBVA undertakes to maintain the working capital credit lines (including those intended for the import and export of                                                                                                                                       
 goods) contracted by SMEs with Banco Sabadell as of the date of the Acquisition of Control. For these purposes, working capital credit lines shall be understood as financing products offered to SMEs to meet their short-term liquidity needs, that is, 
 for a term of one year or less. BBVA undertakes to maintain the credit lines and the lines intended for the import and export of goods, with a term of one year or less, contracted by self-employed clients of Banco Sabadell as of the date of the      
 Acquisition of Control.                                                                                                                                                                                                                                   |

| 8.2. | As from the Change of Control, BBVA undertakes to maintain the credit volume granted to SME clients whose CIRBE4 exposure is at least 85% concentrated with BBVA and/or Banco Sabadell. |

Additionally, in the Autonomous Communities where the market share of the resulting entity exceeds