| Disclosure Capital Increase Explanatory |
| Capital Increase | | Number of Shares | Common Stock(Millions of Euros) | | As of December 31, 2015 | 6,366,680,118 | 3,120 | | Dividend option - April 2016 | 113,677,807 | 56 | | Dividend option - October 2016 | 86,257,317 | 42 | | As of December 31, 2016 | 6,566,615,242 | 3,218 | | Dividend option . April 2017 | 101,271,338 | 50 | | As of December 31, 2017 | 6,667,886,580 | 3,267 | | As of December 31, 2018 | 6,667,886,580 | 3,267 |
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