Bankia : The company submits information relating to the Court of Justice of the European Union’s ruling on floor clauses.

Registered in the Valencia Companies Register, Volume 9,341, Book 6,623, Folio 104, Sheet: V-17.274. Tax ID (CIF): A-14010342

Pursuant to article 228 of the recast Stock Market Act, implemented by Legislative Royal Decree 4/2015 of 23 October, and in relation to the ruling of the Court of Justice of the European Union (CJEU) published today, Bankia S.A. reports that the condensed interim financial statements of the Bankia Group for the six-month period ended 30 June 2016 (Note 1.9.2) include the following information:

"To cover any possible legal risk arising from the potential removal of floor clauses with retroactive effect as of 9 May 2013, Bankia has recorded provisions that would, if necessary, cover the estimated maximum amount, which is 114 million euros gross. If the repayment of the amounts unlawfully charged pursuant to the clauses subsequently declared null and void were extended to the amounts charged from the time the floor clause was first applied in each mortgage agreement, the additional amount to be repaid would be around 100 million euros gross."

The estimated amount of potential liabilities that might eventually arise will be covered in the financial statements for 2016.

Bankia stopped applying floor clauses in mortgage loans to consumers in September 2015. The above is notified as a Material Disclosure for all pertinent purposes.

Madrid, 21 December 2016

BANKIA, S.A.

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