Banco BPM SpA

Legal Proceedings Report • Dec 23, 2020

Informazione Regolamentata n. 1928-116-2020		Data/Ora Ricezione 23 Dicembre 2020 14:31:13	MTA
Societa'	:	Banco BPM S.p.A.
Identificativo Informazione Regolamentata	:	140717
Nome utilizzatore	:	BANCOBPMN01 - Marconi
Tipologia	:	3.1
Data/Ora Ricezione	:	23 Dicembre 2020 14:31:13
Data/Ora Inizio Diffusione presunta	:	23 Dicembre 2020 14:31:14
Oggetto	:	Banco BPM - Project Django
Testo del comunicato

Vedi allegato.

Banco BPM - Project Django:

• finalized the non-recourse sale to Amco and Credito Fondiario of an Unlikely-to-Pay portfolio with a Gross Book Value exceeding 900 million euro;

• finalized sales of Single Name positions with a GBV of roughly 60 million euro.

Milan, 23 December 2020 – Following the market disclosure on 5 November 2020 on the bids for Unlikely-to-Pay loans portfolios (also known as project "Django"), Banco BPM announces that it has finalized the non-recourse sale of two separate NPE portfolios, sold to AMCO and Credito Fondiario, and of some Single Name exposures to other counterparties.

The main disposals involved two portfolios with a total GBV exceeding 900 million euro as at 30 September 2020, comprising 129 corporate exposures – mainly secured loans. More specifically, the deal closed with AMCO refers to a portfolio of 88 loans with a total GBV in excess of 600 million Euro, while the deal with Credito Fondiario refers to a portfolio of 41 loans with a total GBV of about 300 million Euro. The total GBV of Single Name exposures sold to other counterparties comes to roughly 60 million Euro. As a whole, the GBV of the UtP loans disposed under project Django added up to about 1 billion euro.

Note that basically the P&L effect of the transaction has already been recognized in the quarterly results as at 30 September 2020.

For this transaction Banco BPM was assisted by Banca Akros and Deloitte acting as financial advisors and by Chiomenti as legal advisor.

Contacts:

Investor Relations Roberto Peronaglio +39 02.94.77.2108 investor.relations@bancobpm.it Communications Matteo Cidda +39 02.77.00.7438 matteo.cidda@bancobpm.it Media Relations Monica Provini +39 02.77.00.3515 monica.provini@bancobpm.it