MATERIAL DISCLOSURE

Pursuant to article 228 of the consolidated text of the Securities Market Act approved by Legislative Royal Decree 4/2015 of 23 October, Bankia, S.A. hereby reports that following the merger through absorption of Banco Mare Nostrum, S.A. by Bankia, S.A., the rating agency Fitch Ratings has today affirmed Bankia's covered bond ratings at "A", maintaining the Stable outlook.

The above is notified as a material disclosure for all pertinent purposes.

InscritaenelRegistroMercantildeValencia,Tomo9.341,Libro6.623,Folio104,Hoja:V-17.274.CIF:A-14010342

Madrid, 23 January 2018

BANKIA, S.A.

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Bankia SA published this content on 23 January 2018 and is solely responsible for the information contained herein.
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