Intesa Sanpaolo

Annual / Quarterly Financial Statement • Feb 28, 2023

Informazione Regolamentata n. 0033-22-2023		Data/Ora Ricezione 28 Febbraio 2023 14:38:56	Euronext Milan
Societa'	:	INTESA SANPAOLO
Identificativo Informazione Regolamentata	:	172883
Nome utilizzatore	:	BINTESAN18 - Tamagnini
Tipologia	:	1.1
Data/Ora Ricezione	:	28 Febbraio 2023 14:38:56
Data/Ora Inizio Diffusione presunta	:	28 Febbraio 2023 14:38:58
Oggetto	:	Intesa Sanpaolo: Board of Directors approves draft financial statements of parent company, and consolidated financial statements, as at 31.12.22
Testo del comunicato

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PRESS RELEASE

INTESA SANPAOLO: BOARD OF DIRECTORS APPROVES PARENT COMPANY DRAFT FINANCIAL STATEMENTS, AS WELL AS CONSOLIDATED FINANCIAL STATEMENTS, AS AT 31 DECEMBER 2022

Turin - Milan, 28 February 2023 – At its meeting today, the Board of Directors of Intesa Sanpaolo approved the parent company draft financial statements, as well as the consolidated financial statements, as at 31 December 2022 which confirm the results as at 31 December 2022 approved by the Board and disclosed to the market on 3 February 2023. In 2022, net income for the parent company was 4,284 million euro (in 2021: 2,948 million euro, 3,047 million euro redetermined to reflect corporate actions undertaken in 2022) and consolidated net income was 4,354 million euro (in 2021: 4,185 million euro).

The approval of the parent company draft financial statements includes the approval of the proposal for net income allocation, which reflects the proposal made by the Board of Directors upon approval of the results as at 31 December 2022 and disclosed to the market on 3 February 2023.

The parent company financial statements as at 31 December 2022 and the proposal regarding a cash dividend distribution of 8.68 euro cents per share, before tax, as remaining dividend will be submitted for approval at the Ordinary Shareholders' Meeting scheduled for 28 April 2023. Specifically, the Board of Directors has decided to propose, at the next Ordinary Shareholders' Meeting, a total dividend distribution of 3,047,836,282.28 euro on 2022 net income, corresponding to a payout ratio of 70% of consolidated net income. The proposal, given the interim dividends of 1,399,608,167.99 euro (*) already paid in November 2022, is to distribute 1,648,228,114.29 euro as remaining dividends. This corresponds to 8.68 euro cents per share (**) , calculated on the basis of the current number of 18,988,803,160 ordinary shares representing the share capital. Dividends on the shares annulled upon conclusion of the buyback of the remaining amount of 1,700 million euro, in execution from 13 February 2023 and to be concluded by 12 May 2023, will be assigned on a proportional basis to the other outstanding shares with dividend entitlement. Dividends will not be paid to own shares held by the Bank at the record date and their amount will be allocated to the extraordinary reserve. The dividend payment, if approved at the Shareholders' Meeting, will take place from 24 May 2023 (with coupon presentation on 22 May and record date on 23 May).

Investor Relations Media Relations +39.02.87943180 +39.02.87962326 investor.relations@intesasanpaolo.com stampa@intesasanpaolo.com

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group.intesasanpaolo.com

^(*) Interim dividends are considered net of the portion not distributed to own shares held by the Bank at the record date, which is equal to 1,765,505.22 euro.

^(**) The amount of the dividend per share could increase, taking into account the execution of the programme of purchase of own shares for annulment. Intesa Sanpaolo will communicate the final amount of the remaining dividend per share, upon conclusion of the programme, by 18 May 2023.