BANKIA SA
Pursuant to article 82 of Law 24/1988 of 28 July on the Securities Market, Bankia, S.A. hereby notifies that Bankia and Fomento de Construcciones y Contratas, S.A. (FCC) yesterday signed a purchase and sale agreement with the Government of Malaysia's strategic investment fund Khazanah Nasional Berhad for the sale of 100% of the shares of Globalvia Infraestructuras, S.A., a company in which Bankia and FCC
have 50% shareholdings.
The contract establishes, among others, the following conditions precedent for completion:
(i)
The issuance of the required report on the transaction by the Ministry of Finance and Public
Administrations that is referred to in article 31.5 of Law 9/2012 of restructuring and resolution of credit institutions;
14 November on the
(ii) The issuance of the required authorisations by certain government authorities that are the
grantors of the concessions held by Globalvia Infraestructuras, S.A.; and
(iii) The relinquishment by the USS,
OPTrust and PGGM pension funds,
which are the current
holders of a EUR 750 million convertible bond, of the right to acquire the shares of Globalvia
Infraestructuras, S.A.
The price of the purchase and sale transaction is divided into an initial payment of EUR 166 million, to be made when the transfer of the shares is completed, and a deferred payment, to be made in the first half of 2017, which could reach a maximum of EUR 254 million, depending on the val uation of the company
at the time of conversion of the bond.
Compliance with the conditions precedent and completion of the transaction willl be disclosed to the
market in a timely manner.
The above is notified as a Material Disclosure for all pertin nt purposes
Madrid, 1 July 2015
BANKIA, S.A.
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