BBVA + BANCO SABADELL

BBVA presents offer to Banco Sabadell shareholders

BBVA has presented an offer to Banco Sabadell shareholders, offering to exchange one newly issued BBVA share for every 5.0196 Banco Sabadell shares, plus an additional €0.29 in cash.

Under the terms of the offer of May 9, 2024, the original exchange rate—1 newly issued BBVA share for every 4.83 Banco Sabadell shares—has been revised. The adjustment accounts for Banco Sabadell's dividend payment of €0.08 per share on October 1, 2024, altering the exchange rate to 1 BBVA share for every 5.0196 Banco Sabadell shares. In addition, as a result of BBVA's dividend payment of €0.29 per share on October 10, 2024, the offer now includes a cash payment of €0.29 for every 5.0196 Banco Sabadell shares exchanged.

KEY POINTS OF THE OFFER FOR BANCO SABADELL SHAREHOLDERS:

A highly attractive bid

Prior announcement of the voluntary tender offer for the acquisition of shares of Banco de Sabadell, S.A. by Banco Bilbao Vizcaya Argentaria, S.A.

RELEVANT VALUE CREATION ALSO FOR

BBVA shareholders

VALUE CREATION FOR

all stakeholders

Society

Increased capability to finance households and businesses (close to an additional €5 billion).
Higher tax contribution.
Reinforced commitment to business, science and the arts in the regions where Banco Sabadell and its foundations are active. The Sant Cugat headquarters will be retained and Barcelona will gain new strength as a start-up hub.

Customers

Benefit from an enhanced value proposition: complementary franchises, wider product offering and global reach.

Employees

New opportunities for career development in a global bank, based on merit.

Shareholders

Value creation for Sabadell and BBVA shareholders alike..

Retail shareholders

info.opa@bbva.com

+34 800 080 032/ +34910603652

Institutional investors

info.opa@bbva.com

+34 911 859 673

Media (Communications BBVA)

comunicacion.corporativa@bbva.com

+34 664 49 21 02

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