Notification and public disclosure of transactions by persons discharging
    managerial responsibilities and persons closely associated with them

    1.    Details of the person discharging managerial responsibilities / person       
          closely associated                                                           
                                                                                       
    (a)   Name                  Brian Moynihan                                         
                                                                                       
    2.    Reason for the notification                                                  
                                                                                       
    (a)   Position/status       Chairman and Chief Executive Officer                   
                                                                                       
    (b)   Initial notification/ Initial Notification                                   
          Amendment                                                                    
                                                                                       
    3.    Details of the issuer, emission allowance market participant, auction        
          platform, auctioneer or auction monitor                                      
                                                                                       
    (a)   Name                  Bank of America Corporation                            
                                                                                       
    (b)   LEI                   9DJT3UXIJIZJI4WXO774                                   
                                                                                       
    4.    Details of the transaction(s): section to be repeated for (i) each type of   
          instrument; (ii) each type of transaction; (iii) each date; and (iv) each    
          place where transactions have been conducted                                 
                                                                                       
    (a)   Description of the    2017 Cash Settled Restricted Stock Units (CRSUs)       
          financial instrument, (derivative security linked to the issuer's common     
          type of instrument    stock)                                                 
                                                                                       
          Identification code   N/A (No ISIN Code)                                     
                                                                                       
    (b)   Nature of the         Cash payment on a vesting of 2017 CRSUs                
          transaction                                                                  
                                                                                       
    (c)   Price(s) and volume           Price(s)         Volume(s)                     
          (s)                                                                          
                                     USD 24.38      19,858                             
                                                                                       
    (d)   Aggregated            N/A                                                    
          information                                                                  
          - Aggregated volume                                                          
          - Price                                                                      
                                                                                       
    (e)   Date of the           2017-09-15                                             
          transaction                                                                  
                                                                                       
    (f)   Place of the          Outside a trading venue                                
          transaction