Banca Sistema

Remuneration Information • Mar 22, 2018

INFORMATION DOCUMENT ON THE 2017-2019 STOCK GRANT PLAN OF THE BANCA SISTEMA GROUP, DRAWN UP IN ACCORDANCE WITH ART. 114–BIS OF LEG. DECREE 58/98 AND ART. 84-BIS OF REGULATION 11971, AS APPROVED BY CONSOB RESOLUTION DATED 14 MAY 1999, AS SUBSEQUENTLY AMENDED

2018 UPDATE

Milan, 8 March 2018

Banca SISTEMA S.p.A. Corso Monforte, 20 - 20122 Milan Tel +39 02 802801 Fax +39 02 72093979 Tax Code and VAT number 12870770158 Fully paid-up share capital € 9,650,526.24 Parent company of Banca Sistema banking group – No. 3158 in the Register of Banking Groups Register of Banks – ABI No. 03158.3 and subject to the supervisory activity of the Bank of Italy Member of the Interbank Deposit Protection Fund and National Guarantee Fund

Introduction

On 8 February 2018, the Board of Directors approved the Document on the 2018 Remuneration Policies of the Banca Sistema Group ("2018 Policies").

The 2018 Policies are enclosed with the Report of the Board of Directors to the shareholders' meeting to be held on 23 April 2018, drafted pursuant to Art. 125-ter of Legislative Decree No. 58 of 24 February 1998, as amended and supplemented), on the agenda as item 5 "Approval of the 2018 Remuneration Policies of the Banca Sistema Group and setting of the maximum limit of 2:1 as the ratio between the variable and fixed remuneration components for the CEO and General Manager. Related and resulting resolutions."

Updates

The 2018 Policies have adopted the basic approach of the document of the previous year. The small changes that have been made are described in the aforementioned Report.

The document "2017-2019 STOCK GRANT PLAN OF THE BANCA SISTEMA GROUP", already approved by the shareholders' meeting in 2017 and made available on the website of Banca Sistema ("2017-2019 Stock Grant Plan"), also continues to apply, with the following qualifications:

• the references to the Document on the 2017 Remuneration Policies, also known as "2017 Policies", are understood to be made to the 2018 Policies;
• the "Beneficiaries" are understood to be the parties falling in the key personnel category, as identified by the 2018 Policies. Therefore, the LTIP recipients are the managers and employees holding the positions indicated in Table "A" below.

FASCIA 1	AMMINISTRATORE DELEGATO E DIRETTORE GENERALE	1
FASCIA 2	DIREZIONE CENTRALE COMMERCIALE	7
	DIREZIONE COMMERCIALE FACTORING
	DIREZIONE CENTRALE CREDITI
	DIREZIONE CENTRALE FINANZA
	FUNZIONE CORPORATE STRATEGY
	DIREZIONE AFFARI LEGALI
	DIREZIONE CENTRALE OPERATIONS
FASCIA 3	DIREZIONE TESORERIA	18
	DIREZIONE OPERATIONS
	FUNZIONE INVESTOR RELATIONS
	CHIEF OF STAFF
	DIREZIONE MARKETING E COMUNICAZIONE
	FUNZIONE UNDERWRITING
	FUNZIONE COLLECTION STRAGIUDIZIALE
	FUNZIONE COLLECTION LEGALE
	FUNZIONE ICT
	FUNZIONE PRICING & STRUCTURING
	DIREZIONE COMMERCIALE BANKING
	FUNZIONE AFFARI SOCIETARI
	RUOLI COMMERCIALI SENIOR - DIREZIONE CENTRALE COMMERCIALE
FASCIA 4	DIREZIONE INTERNAL AUDIT	5
	DIREZIONE RISORSE UMANE
	DIREZIONE RISCHI
	DIRIGENTE PREPOSTO
	FUNZIONE COMPLIANCE & ANTIRICICLAGGIO

TABELLA "A"