Banco BPM SpA

Capital/Financing Update • Jan 10, 2024

Informazione Regolamentata n. 1928-3	Data/Ora Inizio Diffusione 10 Gennaio 2024 19:32:01		Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	185235
Nome utilizzatore	:	Marconi
Tipologia	:	3.1
Data/Ora Ricezione	:	10 Gennaio 2024 19:32:01
Data/Ora Inizio Diffusione :		10 Gennaio 2024 19:32:01
Oggetto	:	BANCO BPM HAS LAUNCHED A GREEN SENIOR NON-PREFERRED BOND FOR EURO 750 MILLION TO INSTITUTIONAL INVESTORS ONLY

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PRESS RELEASE

BANCO BPM HAS SUCCESSFULLY LAUNCHED A GREEN SENIOR NON-PREFERRED BOND FOR EURO 750 MILLION TO INSTITUTIONAL INVESTORS ONLY

ORDERS ABOVE €3.2 BILLION

EIGHTH ISSUANCE WITHIN THE GREEN, SOCIAL AND SUSTAINABILITY BONDS FRAMEWORK

Milan, 10th January 2024 – Banco BPM S.p.A. has successfully launched a new Green Senior Non-Preferred bond, with a six-year maturity callable in January 2029, with a total principal amount of Euro 750 million.

Orders of over €3.2 billion, four times the issued amount, saw requests from over 200 investors confirming the increasing recognition of Banco BPM among investors. At least 65% of the allocated orders had an ESG connotation.

The bond was issued at a price of 99.537%, with a coupon of 4.875%.

The bond, reserved to institutional investors, was issued under Banco BPM's Euro Medium-Term Note Programme and it has expected ratings of Baa3/BB+/BB+/BBB(low) (Moody's/S&P/Fitch/DBRS).

The net proceeds of the Notes will be allocated to finance and/or re-finance Eligible Green Loans, as defined in the Bank's new Green, Social and Sustainability Bonds Framework, published last November 7.

This is the second issuance under the new Framework, the first in Green format. With this issue, a total of eight ESG issues has been placed so far, with a total funding of €5 billion.

The Framework is complementary with Banco BPM's ESG strategy and reflects a tangible commitment to the achievement of environmental and social sustainability goals which guide and characterize the Bank's conduct in its various business areas in an ever-increasing way. Banco BPM has also obtained certification for its Framework from the Institutional Shareholder Services ESG (ISS ESG) as an independent party with expertise in environmental, social and sustainability issues: Second Party Opinion (SPO). All documents are available on the Bank's website via the link: https://gruppo.bancobpm.it/en/sustainability/green-social-sustainabilitybonds-framework/

The investors who have participated in the deal are mainly Asset Managers (67% of the total) and Banks (23%), while the geographical distribution sees predominantly international investors (of which: United Kingdom at 31%, France at 13%, Germany at 10% and Nordics at 8%, with Italian investors at 26%).

Banca Akros (issuer's related party [1]), BNP Paribas, Deutsche Bank, IMI Intesa San Paolo, Nomura, Société Générale acted as Joint Bookrunners.

For information:

Media Relations e-mail: stampa@bancobpm.it Investor Relations e-mail: investor.relations@bancobpm.it

^[1] The transaction in question is configured as a related party transaction pursuant to Consob Regulation no. 17221 of 12 March 2010 and subsequent amendments (the "Consob RPT Regulation") and the related corporate regulations adopted by the Bank (the "Banco BPM Procedure", available on the website www.bancobpm.it, Corporate Governance section, Company documents) and it qualifies in particular as a "non-relevant amount" - in consideration of the controlling interest held by Banco BPM SpA in Banca Akros S.p.A. - thus benefiting from the exemptions provided for in the Consob OPC Regulation and the Banco BPM procedure, having been noted that there are no significant interests of other related parties.