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                  Catherine Bessant                                      
                                                                                       
    2.    Reason for the notification                                                  
                                                                                       
    (a)   Position/status       Chief Operations and Technology 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    2015 Restricted Stock Units (RSUs) (derivative security
          financial instrument, linked to the issuer's common stock)                   
          type of instrument                                                           
                                                                                       
          Identification code   N/A (No ISIN Code)                                     
                                                                                       
    (b)   Nature of the         Vesting of 2015 RSUs (share settled)                   
          transaction                                                                  
                                                                                       
    (c)   Price(s) and volume           Price(s)         Volume(s)                     
          (s)                                                                          
                                     USD 0.00       30,864                             
                                                                                       
    (d)   Aggregated            N/A                                                    
          information                                                                  
          - Aggregated volume                                                          
          - Price                                                                      
                                                                                       
    (e)   Date of the           2017-02-13                                             
          transaction                                                                  
                                                                                       
    (f)   Place of the          Outside a trading venue                                
          transaction                                                                  
                                                                                       
    5.    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    Shares of common stock                                 
          financial instrument,                                                        
          type of instrument                                                           
                                                                                       
          Identification code   US0605051046                                           
                                                                                       
    (b)   Nature of the         Acquisition of shares of common stock upon vesting of  
          transaction           2015 RSUs (share settled)                              
                                                                                       
    (c)   Price(s) and volume           Price(s)         Volume(s)                     
          (s)                                                                          
                                     USD 23.40      16,082                             
                                                                                       
    (d)   Aggregated            N/A                                                    
          information                                                                  
          - Aggregated volume                                                          
          - Price                                                                      
                                                                                       
    (e)   Date of the           2017-02-13                                             
          transaction                                                                  
                                                                                       
    (f)   Place of the          Outside a trading venue                                
          transaction                                                                  
                                                                                       
    6.    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    Shares of common stock                                 
          financial instrument,                                                        
          type of instrument                                                           
                                                                                       
          Identification code   US0605051046                                           
                                                                                       
    (b)   Nature of the         Shares returned to issuer for taxes upon vesting of    
          transaction           2015 RSUs (share settled)                              
                                                                                       
    (c)   Price(s) and volume           Price(s)         Volume(s)                     
          (s)                                                                          
                                     USD 23.40      14,782                             
                                                                                       
    (d)   Aggregated            N/A                                                    
          information                                                                  
          - Aggregated volume                                                          
          - Price                                                                      
                                                                                       
    (e)   Date of the           2017-02-13                                             
          transaction                                                                  
                                                                                       
    (f)   Place of the          Outside a trading venue                                
          transaction