BBVA Share Buyback Program

Banco Bilbao Vizcaya Argentaria (BBVA) has received authorization from the European Central Bank to buy back and cancel own shares up to an aggregate amount of 3,960 million euros. This amount has been deducted from BBVA's common equity tier 1 (CET1) capital. The Board of Directors has approved a program scheme for this buyback, aimed at reducing share capital. The first tranche of this program will involve a maximum cash amount of 1,500,000,000 euros, with a maximum of 557,316,433 shares to be acquired. Execution of the first tranche is set to begin on December 22, 2025, and will conclude between March 7, 2026, and April 8, 2026, or earlier if the maximum amount or number of shares is reached. Purchases will be made on Spanish and European trading platforms and will be managed externally by J.P. Morgan SE. The program will adhere to regulations on market abuse and will be communicated accordingly.