Bankia S A : Regime and procedure for the exchange of Bankia shares for CaixaBank shares as a result of the merger.

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

Pursuant to article 227 of the consolidated text of the Securities Market Act, approved by Legislative Royal Decree 4/2015 of 23 October 2015 and further to the communications published in recent months regarding the merger by absorption of Bankia, S.A. ("Bankia") into CaixaBank, S.A. ("CaixaBank"), it is hereby communicated, in accordance with the provisions of the joint merger plan approved and signed by the boards of directors of both companies on 17 September 2020, the regime and procedure for the exchange of Bankia shares for CaixaBank shares as a result of the merger, as described in the announcement attached hereto as an appendix.

Said share exchange is subject to the consummation of the merger next 26 March, which will take place as long as before such date the two outstanding conditions precedent are completed, namely, the obtaining of the authorizations from the anti-trust body (CNMC) and the Ministry of Economic Affairs and Digital Transformation.

Madrid, 23rd March 2021

BANKIA, S.A.

This document is a translation of an original text in Spanish. In case of any discrepancy between the English and the Spanish version, the Spanish version will prevail.

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FRACTIONAL SHARES PURCHASE PROCEDURE

referred to as a "fractional share"-,fractional share to the odd-lot dealer. Unless expresslyof the fractional share acquisition system provided

for each fractional share will be the result of

the fractional share in question; rounding the