Banco BPM SpA

Capital/Financing Update • Jan 11, 2023

Informazione Regolamentata n. 1928-6-2023		Data/Ora Ricezione 11 Gennaio 2023 19:46:30	Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	171404
Nome utilizzatore	: BANCOBPMN10 - Marconi
Tipologia	:	3.1
Data/Ora Ricezione	:	11 Gennaio 2023 19:46:30
Data/Ora Inizio Diffusione presunta	:	11 Gennaio 2023 19:46:34
Oggetto	:	BANCO BPM HAS SUCCESSFULLY LAUNCHED A GREEN SENIOR PREFERRED BOND FOR EURO 750 MILLION TO INSTITUTIONAL INVESTORS ONLY

Testo del comunicato

Banco BPM S.p.A. has successfully launched a new Green Senior Preferred bond, with a four-year maturity with a total principal amount of Euro 750 million.

PRESS RELEASE

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

ORDERS REACHED €1.4 BILLION, ALMOST TWICE THE AMOUNT ISSUED

FIFTH ISSUANCE WITHIN THE GREEN, SOCIAL AND SUSTAINABILITY BONDS FRAMEWORK

Milan, 11th of January 2023 – Banco BPM S.p.A. has successfully launched a new Green Senior Preferred bond, with a four-year maturity with a total principal amount of Euro 750 million.

Orders reached €1.4 billion, almost twice the issued amount, with an high granularity and diversification (roughly 120 investors involved) confirm the strong interest of investors in Banco BPM. More than 78% of the allocated orders is with ESG-friendly investors.

The bond was issued at a price of 99,613%, 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 Ba1/BBB-/BBB (Moody's/Fitch/DBRS).

The net proceeds of the Notes will be allocated to finance and/or re-finance Eligible Green Loans, as defined within the Issuer's Green, Social and Sustainability Bonds Framework.

The deal is the fifth issuance under Banco BPM's Green, Social and Sustainability Bonds Framework, for a total amount of ESG bond issues equal to 3 billion euro.

The Framework is fully 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 a certification for its Framework from the Institutional Shareholder Services ESG (ISS ESG), as an independent party with expertise on 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-sustainability-bonds-framework/

The investors who have participated in the deal are mainly Asset Managers (61% of the total) and Banks (27%), while the geographical distribution sees predominantly international investors (of which: France at 19%, United Kingdom and Ireland at 18%, with Germany and Austria at 11%) as

Contacts:

Investor Relations Roberto Peronaglio +39 02.94.77.2108 investor.relations@bancobpm.it Communication Matteo Cidda +39 02.77.00.7438 matteo.cidda@bancobpm.it Media Relations Monica Provini +39.02.77.00.3515 stampa@bancobpm.it

well as Italian investors (42%). Banca Akros (issuer's related party[1]), Barclays, Crédit Agricole CIB, Deutsche Bank, J.P. Morgan, NatWest Markets, Société Générale acted as Joint Bookrunners.

Contacts:

Investor Relations

Roberto Peronaglio +39 02.94.77.2108 investor.relations@bancobpm.it Communication Matteo Cidda +39 02.77.00.7438 matteo.cidda@bancobpm.it Media Relations Monica Provini +39.02.77.00.3515 stampa@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 "minor amount" transaction, thus benefiting from the exemptions provided for in the Consob RPT Regulation and the Banco BPM procedure.