Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 227

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 227
---
 with voting at a 
 shareholders’ meeting or the payment of dividends;                                                                                               |

| · |     | when BBVA ADS holders owe money to pay fees, taxes and similar charges; or |

| · |     | when it is necessary to prohibit withdrawals in order to comply with any laws or governmental regulations that apply to BBVA ADSs or to the withdrawal of 
 shares or other deposited securities.                                                                                                                     |

This right of withdrawal may not be limited by any other provision of the deposit agreement. The depositary, upon BBVA’s request or with BBVA’s approval, may appoint one or more co-transferagents for the purpose of effecting registrations of transfers, combinations and split-upsof BBVA ADSs at designated transfer offices on behalf of the depositary. In carrying out its functions, a co-transferagent may require evidence of authority and compliance with applicable laws and other requirements by holders of BBVA ADSs and will be entitled to protection and indemnity to the same extent as the depositary. Direct Registration System In the deposit agreement, all parties to the deposit agreement acknowledge that the DRS and Profile Modification System (“Profile”) will apply to uncertificated BBVA ADSs upon acceptance thereof to DRS by DTC. DRS is the system administered by DTC pursuant to which the depositary may register the ownership of uncertificated ADSs, which ownership will be evidenced by periodic statements sent by the depositary to the registered holders of uncertificated ADSs. Profile is a required feature of DRS which allows a DTC participant, claiming to act on behalf of a registered holder of uncertificated ADSs, to direct the depositary to register a transfer of those ADSs to DTC or its nominee and to deliver those ADSs to the DTC account of that DTC participant without receipt by the depositary of prior authorization from the ADS registered holder to register that transfer. 26

In connection with the arrangements and procedures relating to DRS and Profile, the parties
to the deposit agreement understand that the depositary will not verify, determine or otherwise ascertain that the DTC participant that is claiming to be acting on behalf of a BBVA ADS registered holder in requesting registration of transfer and
delivery described in the paragraph above has the actual authority to act on behalf of the ADS registered holder (notwithstanding any requirements under the Uniform Commercial Code). In the deposit agreement, the parties agree that the
depositary’s reliance on and compliance with instructions received by the depositary through DRS and Profile and in accordance