Bff Bank

Share Issue/Capital Change • Jun 17, 2021

Notice of change in share capital

Milan, 17th June 2021 – BFF Bank S.p.A. ("BFF" or the "Bank"), pursuant to Article 85-bis of CONSOB Issuers' Regulation n° 11971/1999 as subsequently amended, communicates the new composition of its share capital (fully subscribed and paid-in), following the partial execution of the share capital increase free of charge resolved by the Bank's Shareholders' Meeting on 2 nd April 2020 ("Share Capital Increase Free of Charge").

As a result of the execution of the Share Capital Increase Free of Charge, overthe period between 17th May 2021 and 14th June 2021, BFF's share capital increased for an amount equal to Euro 81,285.05, through the issuance of 105,565 new BFF ordinary shares, assigned to BFF Group's employees in relation with the remuneration and incentive policies' requirements, in the context of:

• (i) the Management by Objective incentive system;
• (ii) the "Stock Option Plan of Banca Farmafactoring Banking Group" originally approved by the Shareholders' Meeting on 5 th December 2016 and modified by the Shareholders' Meeting on 28th March 2019 ("Stock Option Plan 2016").

The certificate of the change in share capital was filed with the Companies' Registration List of Milan, Monza Brianza and Lodi, on 16th June 2021.

TABLE 1	Current share capital			Previous share capital
	Euro	N° of shares	Unitary nom. value	Euro	N° of shares	Unitary nom. value
Total of which:	142.590.060,61 185.181.897		Without nom. value	142.508.775,56 185.076.332		Without nom. value
Ordinary shares (regular entitlement: 01/01/2021) Current coupon number: 4	142.590.060,61 185.181.897		Without nom. value	142.508.775,56 185.076.332		Without nom. value

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With reference to the Stock Option Plan 2016, it should be further noted that,from the beginning of the exercise period (8th April 2019) until 14th June 2021, 1,130,003 shares (of which 760,005 newly issued) were assigned, against 4,911,092 options exercised on a cash-less basis and 364,638 options exercised with the ordinary method over the same period. The number of

options assigned and not exercised yet to date amounts to 3,082,910, of which 2,088,450 are vested and exercisable options.

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The number of the treasury shares held by the Bank is equal to 293,194 as of 14th June 2021.

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This press release is available on-line on BFF Group's website www.bff.com within the section: Investors > PR & Presentations.

BFF Banking Group

BFF Banking Group is the largest independent specialty finance in Italy and a leading player in Europe for the management and non-recourse factoring of trade receivables due from the Public Administrations, securities services, banking and corporate payments. The Group operates in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain. BFF is listed on the Italian Stock Exchange. In 2020 it reported a consolidated Adjusted Net Profit of € 97.6 million, with a 17.3% Group CET1 ratio at the end of March 2021. www.bff.com

Contacts

Investor Relations Caterina Della Mora, Claudia Zolin investor.relations@bff.com +39 02 49905 631 | +39 02 49905 620 | +39 335 1295 008

Media Relations Alessia Barrera, Gianluca Basciu newsroom@bff.com +39 02 49905 616 | +39 02 49905 623 | +39 340 3434 065

Iberia Mariana Sousa +351 210 164 760

Poland and Central Eastern Europe Ewelina Kolad +48 42 272 82 90