Banco BPM SpA

Investor Presentation • Feb 7, 2023

Group FY 2022 Results Presentation

07 February 2023

Disclaimer

This presentation has been prepared by Banco BPM ("Banco BPM"); for the purposes of this notice, "presentation" means this document, any oral presentation, any question and answer session and any written or oral material discussed following the distribution of this document.

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This presentation does not constitute or form part of, and should not be construed as, any offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Banco BPM or any member of its group or any advice or recommendation with respect to such securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities in Banco BPM or any member of its group, or investment decision or any commitment whatsoever. This presentation and the information contained herein does not constitute an offer of securities in the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933 (the "Securities Act"), as amended), Canada, Australia, Japan or any other jurisdiction where such offer is unlawful.

The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating without notice. Certain statements in this presentation are forward-looking statements about Banco BPM. Forward-looking statements are statements that are not historical facts and are based on information available to Banco BPM as of the date hereof, relying on scenarios, assumptions, expectations and projections regarding future events which are subject to uncertainties because dependent on factors most of which are beyond Banco BPM's control. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates" and similar expressions. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Banco BPM does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. You should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation. All subsequent written and oral forwardlooking statements attributable to Banco BPM or persons acting on its behalf are expressly qualified in their entirety by this disclaimer.

None of Banco BPM, its subsidiaries or any of their respective representatives, directors, officers or employees nor any other person accepts any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or otherwise arising in connection therewith.

By participating to the presentation of the Group results and accepting a copy of this presentation, you agree to be bound by the foregoing limitations regarding the information disclosed in this presentation.

***

This presentation includes both accounting data (based on financial accounts) and internal management data (which are also based on estimates).

Mr. Gianpietro Val, as the manager responsible for preparing the Bank's accounts, hereby states pursuant to Article 154-bis, paragraph 2 of the Financial Consolidated Act that the accounting data contained in this presentation correspond to the documentary evidence, corporate books and accounting records.

Methodological Notes

• Starting from 1 July 2022 Banco BPM Vita & Banco BPM Assicurazioni, previously held at 19%, have been consolidated 100% line-by-line. As a consequence:
• with regard to the balance sheet scheme, as of 31/12/22, the items relating to the portfolios of financial assets and liabilities held by these insurance companies, measured in accordance with IFRS 9, were introduced ("Financial assets of insurance companies"', "Insurance Direct funding and technical reserves", "Financial liabilities of insurance companies measured at amortised cost"). The previous periods remained unchanged;
• with regard to the P&L scheme, starting in the third quarter of 2022, the new item 'Net income from insurance business' was introduced, which includes all income components (interest, dividends, realised gains/losses, valuation gains/losses) relating to the IAS 39 financial assets and liabilities portfolio of these insurance companies and the items attributable to the insurance business represented by net premia and the balance of income and expenses from insurance operations (net change in technical provisions, claims incurred and other income and expenses from insurance operations). It should also be noted that the placement commissions paid by these consolidated insurance companies to Banco BPM's distribution network are shown under the item "Net commissions" for commissions received by the distribution network and under the item "Result from insurance business" for those paid by the companies; the contribution of the above items in the third quarter of 2022, as well as that of the other income statement items relating to these wholly-owned companies, is included, line-by-line, in the consolidated income statement. On the other hand, the total net contribution of these companies in the preceding quarters of 2022 and 2021, when the companies were 19% owned, is shown in the item "Income (loss) from investments in associates carried at equity", for the previous 19% stake held.
• It is also noted that Balance sheet and P&L balances as at 30 September 2022 have been restated compared to the figures published on 8 November 2022 in order to reflect in retrospect the effect of the Purchase Price Allocation process following the acquisition of the two insurance companies, which was fully completed for the 2022 financial statements, on one side, and to measure the insurers' portfolios of financial assets and liabilities under IFRS9, on the other side. As a matter of fact, the Group has not been identified as a "financial conglomerate" yet, which implied the need to apply the recognition and measurement criteria under IFRS 9 for these assets and liabilities already for the financial statements as at 31/12/2022 and calling for the restatement of the P&L balances as at 30 September 2022.
• Under the agreements between Banco BPM and Crédit Agricole Assurances S.A. entered in December 2022 covering, among others, the disposal of the 65% controlling stake in Banco BPM Assicurazione as of 31 December 2022 the assets and liabilities of the above insurance company are not shown on a "line-by-line" basis, whereas they are aggregated in the reclassified balance sheet line items "Non-current assets held for sale and discontinued operations" and "Liabilities associated with assets held for sale", in accordance with IFRS 5. Conversely, in the income statement the associate's contribution is shown on a "line-by-line" basis, as the disposal of the company under examination does not fall within the "discontinued operations" criteria provided under IFRS 5.
• 2022 Group capital ratios included in this presentation are calculated including the interim profit, subject to ECB authorization, and deducting the amount of the dividend pay-out determined according to the current regulation (see the methodological note number 6 included in the FY 2022 results press release published on 7 February 2023 for further details).
• Starting from 30 June 2022, Banco BPM has chosen to adopt the temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income (FVOCI), according to art. 468 of the CRR, as amended by Regulation (EU) 2020/873 (so called "CRR Quick-fix"). During the period of temporary treatment (from 1 January 2020 to 31 December 2022), this treatment allows the institutions to remove from the calculation of their Common Equity Tier 1 an amount of unrealised gains and losses accumulated since 31 December 2019 accounted for as "fair value changes of debt instruments measured at fair value through other comprehensive income" in the balance sheet, corresponding to exposures to central governments, to regional governments or to local authorities referred to in Article 115(2) and to public sector entities referred to in Article 116(4) of the CRR, excluding those financial assets that are credit-impaired. During the last period from 1 January 2022 to 31 December 2022 the institutions shall apply a factor of 40%. Therefore, starting from 30 June 2022, the Group has excluded from the calculation of Common Equity Tier 1 (CET1) an amount equal to 40% of the unrealised gains and losses accumulated from 31 December 2019 and accounted for as changes in the fair value of debt instruments towards the afore mentioned counterparties measured at fair value with an impact on the comprehensive income in the balance sheet. The above-mentioned temporary treatment is considered only for the calculation of phase-in capital ratios while it is not applied to the fully-phased capital ratios.

Agenda

• Executive Summary 5
• Key Highlights 14
• FY 2022 Performance Details 27

1

Executive Summary

Solid delivery track record confirmed, beating the 2022 guidance

Proposed DPS: €23 cents (+21% Y/Y)

Notes: 1. Calculated as Net Profit from P&L (year x) / Tangible Shareholders' Equity end of period (excluding FY Net Profit, AT1 instruments and Intangible assets net of fiscal effect). 2. Adjusted data, including Danish Compromise. CET 1 FL excluding Danish Compromise at 12.8%.

On the road towards excellence…

Q4 2022: a new accelerated trajectory

Notes: 1. IAS 39 data. Restated for managerial purposes (inclusion of a portion of write-offs, in coherence with the restatement done in 2017). 2. Core retail franchise of the commercial network. 3. Proforma operating costs for 2016, updated to take account of the perimeter change. 2016 and 2019 data are also affected by different accounting effects.

…laying the foundations for a strengthened business model

New Bancassurance set-up

• 100% of former BPM Vita, rebranded Banco BPM Vita, consolidated line-by-line starting from Q3 2022
• Process for the recognition of Financial Conglomerate and Danish Compromise well under way
• Strategic partnership agreed with Crédit Agricole Assurances in the P&C sector in Dec. 2022:

disposal of a 65% stake in BBPM Assicurazioni and of Vera Assicurazioni, subject to the repurchase by BBPM

• Exercise of call options on 65% of Vera Vita and Vera Assicurazioni expected to come in H1 2023, with closing in H2 2023

Steady Growth in Remote &

Digital-based customer service model

APP-based exceeding Branch-based transactions

# Branch and APP-based transactions (m)

ESG-focused approach

Business & Environment • «Green» new lending in 2022 1 : €10.9bn	People & Community	• BBPM confirmed in the Bloomberg Gender Equality Index in 2023	• Corporate volunteering: >2,700 hours
• Significant issuance activity of Social & Green bonds: €3.3bn in the period 2021-Jan. 2023 (o/w €2.05bn in 2022, #1 issuer		in the period 2021-2022: 7432 • New hirings , o/w 89.5% <30 years of age	• ESG education for SME clients: 1,175 hours
among Italian banks), already above the target for 2021-2024		Women in managerial positions: +15% Y/Y •	• Donations and sponsorship for
Scope 1&2 net emissions (market-based): > -50% Y/Y, with • compensation of ~8,000 t. of CO2 eq. in 2022		• ESG training for employees: >174,000 hours	social & environmental projects at €4.6m (€3.7m in 2021)

Note 1. Green lending to corporate and enterprise segments (excluding small business & institutional segments) and green residential mortgages. 2. Considering only hirings related to the Solidarity Plan perimeter.

1. Executive Summary 8

See slide 46 for futher details on ESG data.

Excellent performance, with Net Income +93.1% Q/Q and +23.5% Y/Y

P&L							Long-term trend (Adjusted data)
€ m	Q4 2021	Q3 2022 Restated	Q4 2022	Chg. Q/Q	FY 2021	FY 2022	Chg. Y/Y
Net interest income	506	551	724	31.3%	2,042	2,314	13.4%	Evolution of ROTE
Net fees and commissions	486	473	447		1,911	1,887
NII + Net fees and commissions	992	1,025	1,171	14.3%	3,953	4,202	6.3%	6.9% 6.6%
Income from associates	87	32	35		232	157		3.7% 3.2%
Other revenues	9	20	20		75	72		0.2%
Net financial result	-1	75	-9		251	243
Income from insurance business	-	-9	40		-	32		2017 2018 2019 2020 2021
Total revenues	1,087	1,143	1,257	10.0%	4,511	4,706	4.3%
Operating costs	-625	-631	-651		-2,516	-2,539
Pre-Provision income	462	512	606	18.4%	1,995	2,166	8.6%
Loan loss provisions	-214	-194	-185		-887	-682		Evolution of Cost / Income ratio
Profit (loss) on FV measurement of tangible assets	-97	-8	-60		-142	-108
Other1	-18	-19	-28		-45	-64		63.7% 60.6% 59.8% 59.2%
Profit from Continuing operations (pre-tax)	133	291	333	14.3%	921	1,311	42.4%	56.6% 54.0%
Taxes	-37	-84	-93		-254	-409
Net profit from continuing operations	96	207	239	15.8%	667	903	35.3%
Systemic charges and other2	1	-98	-29		-98	-200		2017 2018 2019 2020 2021
Net income	97	109	210	93.1%	569	703	23.5%
				82.9%	710	886	24.8%

Notes:.1. Includes: Net adj. on other financial assets, Net provisions for risks & charges, Profit (loss) on the disposal of equity, other elements (pre-tax). 2. Other includes: PPA and other elements (after tax).

NB. 2017 and 2018 P&L data are not fully comparable, due to different accounting standards (2017) and reclassification schemes (2017 & 2018). ROTE calculated as Net Profit from P&L (year x) / Tangible Shareholders' Equity end of period (excluding FY Net Profit, AT1 instruments and Intangible assets net of fiscal effect).

Strong rate sensitivity to support further growth in NII guidance

Note: 1. Managerial data, based on average balance sheet figures of Dec. 2022, including the partial TLTRO repayment.

Supporting our clients while maintaining a high-quality lending portfolio

Top quality franchise, rooted in the wealthiest areas of the country

New lending² : trend and composition

Notes: 1. See slide 39 for details. 2. M/L-term Mortgages (Secured and Unsec.), Personal Loans, Pool and Structured Finance (including revolving). 3. Management data, Households, Corporate, Enterprises and Small Businesses: rated positions.

Gross NPE ratio down to 4.2% from 5.6%: already ahead of 2024 Strategic Plan target

• Total derisking in 2022²(incl. Project Argo, finalised in Q2 2022): €2.6bn, outperforming the guidance of >€2bn
• UTP big ticket single name transaction perfected in Q4 2022, with no impact on LLPs
• Additional disposals of >€0.5bn targeted over the Plan horizon (mainly bad loans), with CoR already frontloaded
• Overlays at €163m at YE 2022, from €125m end-September 2022

Notes: For further details see pag.42

1. As per the EU Transparency exercise. 2. Including disposals and workout (Cancellations, Write-offs, Recoveries, Cure & Other).

Solid capital position, coupled with impressive derisking track record

Significant organic capital generation, even more valuable given the ~€33bn derisking performed

Note: 1. CET 1 ratio and CET 1 buffer as at 31/12/2022 adjusted including Danish Compromise. 2. Calculated with different regulatory criteria than those applied starting from 2020. 3. Net NPEs over Tangible Net Equity (Shareholders' Net Equity less Intangible assets). 4. Includes a restatement for managerial purposes (inclusion of a portion of writeoffs, in coherence with the restatement done in 2017).

Key Highlights

NII: strong growth in Q4 2022 supported by commercial spread

Net Fees and Commissions at €1.9bn, sustained by commercial banking

Management, Intermediation and Advisory fees

• Positive Y/Y performance from credit card placements, +€21m (+€3m Q/Q) and from intermediation of consumer credit, +€14m (-€2m Q/Q)
• Stable contribution from insurance products Y/Y (+€2m Q/Q)
• Funds & Sicav (-€93m Y/Y, -€16m Q/Q) affected by volatile market scenario mainly on placement activities, with resilient running component²

1. Management data of the commercial network. Include Funds & Sicav, Bancassurance, Certificates and Managed Accounts & Funds of Funds. 2. Managerial analysis.

Operating costs under control

Y/Y increase in energy costs and other inflation dynamics compensated by decrease in staff costs

• Q4 2022 banking costs mainly impacted by seasonality in Other Administrative Expenses (+6.3% Q/Q) and by non-replicable elements in D&A (+20.9% Q/Q)

• Insurance business costs at €15.3m in H2 2022, o/w: €7.9m Staff costs, €6.4m Other Adm. Exp. and €0.9m D&A
• Headcount: 20,157 employees, -280 vs. 31/12/2021, including 143 employees of Banco BPM Vita & Assicurazioni

Note: 1. Banking business excludes "insurance business" costs consolidated in H2 2022.

Declining trend in Cost of Risk with strengthened coverage ratios

887 682 FY 21 FY 22 LLPs & Cost of Risk: Y/Y trend -23.1% € m 81bps 62bps FY 2021 FY 2022 52bps «Core»¹ LLPs Cost of Risk 55bps «Core»¹

Comforting migration rates

	FY 21	FY 22
Default rate (from Performing to NPEs)	0.98%	0.94%
Danger rate (from UTP to Bad Loans)	9.3%	10.1%
Workout rate (Cancellations, Write-offs, Recoveries, Cure & Other)1	20.2%	29.9%

Strengthening of NPE coverage ratios in H2 2022

^{217 256 201 214 151 153 194 185}

Quarterly trend of LLPs

Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22

Asset Quality drivers: active management of a highly guaranteed loan portfolio

Customer loans: increased share of secured exposure, mainly in the SME segment Engagement campaigns: positive results

% share of secured positions on total loans (Stock of Performing, GBV)

up to €5m.

Total Customer Loans to Households and Non-financial Companies at €91.3bn

Early engagement campaigns activated in Q2-Q4 2022 on borrowers particularly exposed to energy/raw material-intensive sectors

• Total exposure of >€10bn (>7,400 clients contacted)
• Reassuring feedback, with limited evidence of financial distress and need for credit intervention:
• >90% (€9.4bn) of total portfolio concentrated on low to medium risk classes
• €1.8bn classified as Stage 2 as of 31/12/22 (vs. €2.5bn as at 30/09/22)
• only €95m classified as NPEs in H2 2022, on top of €55m already classified in Q2

Strong funding & liquidity position

Successful issuance activity: €2.75bn wholesale bonds issued, o/w: €2.05bn with Green features

Improvement in credit ratings

	LT Senior	LT Deposits	Outlook All main ratings upgraded
DBRS	BBB	BBB (high)	by 1 notch in Oct. 2022 Stable
Fitch	BBB-	BBB	Stable All main ratings upgraded
Moody's	Ba1	Baa2	by 1 notch in May 2022 Stable

• €103.7bn of C/A and Deposits (84% of total Direct Funding)
• TLTRO III down to €26.7bn, after an anticipated reimbursement of €12.5bn in Dec. 2022 (net ECB position at €14.5bn)
• Solid liquidity position: €37.9bn Cash + Unencumbered Liquid Assets³(+€1.5bn in Q4)
• Strong Liquidity & Funding ratios, significantly above minimum requirements and above the targets of the Strategic Plan 2021-2024:
• o LCR at 191% vs. 179% as at 30/09/22, higher than pre-pandemic level (>165% as at 31/12/2019)
• o NSFR >100%
• Solid profile recognized also by Rating agencies

Notes: 1. Issued under the Green, Social and Sustainability Bonds Framework. 2. Private Placement. 3. See slide 37 for details.

Optimization and higher diversification of Debt securities portfolio

Italian Govies: reduction in the share on total Govies and mostly concentrated in AC

THIS SLIDE REFERS TO THE SECURITIES PORTFOLIO OF THE BANKING BUSINESS.

Notes: 1. Pre-IFRS 9 accounting criteria, not fully comparable with current ones.

Debt securities portfolio at FVOCI: contribution to NFR and limited impact from Italian Govies

• Yearly trend of FVOCI reserves mitigated by the contribution to NFR of FVOCI-related components (>€200m in FY, largely attributable to option hedging)
• In Q4 2022:

-9

0.2

1.0

1.2

• Stable reserves of debt securities at FVOCI
• Improved capital sensitivity from Govies at FVOCI, with negligible impact from Italian govies confirmed

THIS SLIDE REFERS TO THE SECURITIES PORTFOLIO OF THE BANKING BUSINESS.

Notes: 1. "Other" includes: govies from other countries and corporates. 2. Portfolio sensitivity for a 1 bps rate variation, including hedging and option strategies. Managerial data.

Capital position: strengthened ratios and buffers

All data include also the profit of the period, subject to ECB authorization. Adjusted data include

the expected impact of the application of the Danish Compromise.

Notes: 1. Based on 50% dividend payout ratio. 2. Increase in the impact of the Danish Compromise reflects the change in the goodwill evaluation for BPM Vita. 3. €400m Tier 2 issued in January 2022 and €300m AT1 in April 2022.

FY 2022 in a nutshell: ahead of Strategic Plan and beating 2022 guidance

Operating performance: solid delivery

❑ NET INCOME AT RECORD LEVEL:. €886m Adj. (+24.8% Y/Y), €703m Stated (+23.5%)

❑ ACCELERATED TRAJECTORY IN NII & NET COMMISSIONS (UP AT €4,202m): +6.3% Y/Y, +14.3% Q/Q

❑ INCREASE IN PRE-PROVISION INCOME: €2,166m vs. €1,995m in FY 2021 (+8.6% Y/Y)

❑ C/I RATIO FURTHER DOWN: TO 54% (vs. 56% in FY 2021)

❑ COST OF RISK: 62 BPS (81 BPS IN FY 2021), WITH "CORE" AT 52 BPS

❑ GROSS NPE STOCK DOWN BY €1.6BN IN 2022 (-25.2% Y/Y)

❑ GROSS NPE RATIO DOWN TO 4.2% (from 5.6% at YE 2021)

❑ NET NPE RATIO DOWN TO 2.2% (from 3.0% at YE 2021)

Asset quality: further derisking Capital: solid position and buffers

❑ CET 1 FULLY LOADED¹ at 13.3% (from 12.4% as at 30/09/2022)

❑ MDA BUFFER¹ up at 464 bps (from 387bps as at 30/09/2022)

Reaching EPS of €46 cents (vs. November guidance of ~€45 cents)…

… maintaining a 50% dividend payout ratio (DPS proposal of €23 cents for FY 2022)

Performance Outlook 2023: key drivers

MAIN AREAS OF POTENTIAL UPSIDE

A new, accelerated and long-term sustainable P&L pace of growth

Confident to increase profitability also beyond 2023

FY 2022 Performance Details

Quarterly Stated P&L results

Reclassified income statement (€m)	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 2022 Restated	Q4 22	Chg. Q/Q	Chg. Q/Q %
Net interest income	496.8	522.4	516.4	506.0	511.5	527.6	551.3	724.0	172.6	31.3%
Income (loss) from invest. in associates carried at equity	41.5	56.5	46.8	87.1	49.6	41.5	31.6	34.8	3.2	10.3%
Net interest, dividend and similar income	538.4	578.9	563.2	593.1	561.2	569.1	582.9	758.8	175.9	30.2%
Net fee and commission income	471.4	478.7	475.3	485.8	480.1	486.8	473.2	447.3	-25.9	-5.5%
Other net operating income	18.2	21.7	26.3	9.1	16.7	15.0	20.4	19.5	-0.9	-4.3%
Net financial result	99.7	116.5	35.9	-1.4	127.9	48.9	75.1	-9.0	-84.1	n.m
Income from insurance business	-	-	-	-	-	-	-8.7	40.5	49.2	n.m
Other operating income	589.3	617.0	537.5	493.4	624.7	550.7	560.0	498.3	-61.7	-11.0%
Total income	1,127.7	1,195.9	1,100.7	1,086.5	1,185.9	1,119.7	1,142.9	1,257.0	114.2	10.0%
Personnel expenses	-426.9	-417.1	-409.8	-413.9	-407.9	-405.3	-400.5	-395.2	5.4	-1.3%
Other administrative expenses	-154.1	-153.9	-144.0	-149.1	-155.6	-162.7	-160.7	-171.5	-10.8	6.7%
Amortization and depreciation	-62.9	-60.6	-61.8	-61.6	-61.2	-64.1	-70.1	-84.7	-14.7	20.9%
Operating costs	-643.9	-631.6	-615.6	-624.7	-624.7	-632.1	-631.3	-651.4	-20.1	3.2%
Profit (loss) from operations	483.8	564.2	485.1	461.9	561.2	487.7	511.6	605.7	94.1	18.4%
Net adjustments on loans to customers	-217.1	-255.5	-200.6	-214.0	-151.1	-152.6	-193.9	-184.7	9.2	-4.8%
Profit (loss) on FV measurement of tangible assets	0.1	-37.0	-7.8	-96.9	-1.2	-39.6	-7.5	-60.0	-52.5	n.m.
Net adjustments on other financial assets	-0.4	0.9	0.2	-1.1	-3.2	-2.3	-3.0	-0.5	2.5	-82.2%
Net provisions for risks and charges	-7.2	-5.6	-15.5	2.3	-8.1	-4.6	-16.3	-28.2	-12.0	73.6%
Profit (loss) on the disposal of equity and other invest.	0.0	-0.4	0.4	-18.7	1.5	-0.1	0.3	0.5	0.2	85.9%
Income (loss) before tax from continuing operations	259.1	266.7	261.8	133.4	399.1	288.5	291.2	332.7	41.6	14.3%
Tax on income from continuing operations	-82.7	-50.6	-83.3	-37.2	-138.4	-92.6	-84.5	-93.4	-9.0	10.6%
Income (loss) after tax from continuing operations	176.4	216.0	178.5	96.2	260.6	195.9	206.7	239.3	32.6	15.8%
Systemic charges after tax	-59.2	-19.3	-61.7	-4.8	-74.6	0.0	-77.3	0.0	77.2	-99.9%
Realignment of fiscal values to accounting values	0.0	79.2	0.0	2.5	0.0	0.0	0.0	0.0	0.0
Goodwill impairment	0.0	0.0	0.0	0.0	0.0	-8.1	0.0	0.0	0.0
Income (loss) attributable to minority interests	0.0	0.1	0.0	0.1	0.0	0.1	0.0	0.6	0.6	n.m.
Purchase Price Allocation after tax	-10.3	-9.7	-10.2	-9.3	-8.5	-7.2	-20.4	-9.4	11.0	-53.8%
Fair value on own liabilities after Taxes	-6.8	-5.1	4.0	12.3	0.2	25.5	-0.3	-20.5	-20.2	n.m.
Net income (loss) for the period	100.1	261.2	110.7	97.1	177.8	206.1	108.7	209.9	101.2	93.1%

FY 2022 income statement: stated and adjusted comparison

Reclassified income statement (€m)	FY 21	FY 22	Chg. Y/Y %	FY 21 adjusted	FY 22 adjusted	Chg. Y/Y %
Net interest income	2,041.6	2,314.4	13.4%	2,041.6	2,314.4	13.4%
Income (loss) from invest. in associates carried at equity	231.9	157.5	-32.1%	189.8	157.5	-17.0%
Net interest, dividend and similar income	2,273.6	2,471.9	8.7%	2,231.4	2,471.9	10.8%
Net fee and commission income	1,911.2	1,887.3	-1.2%	1,911.2	1,887.3	-1.2%
Other net operating income	75.3	71.6	-4.9%	75.3	71.6	-4.9%
Net financial result	250.7	243.0	-3.1%	250.7	247.7	-1.2%
Income from insurance business	-	31.7		-	31.7
Other operating income	2,237.2	2,233.6	-0.2%	2,237.2	2,238.3	0.1%
Total income	4,510.7	4,705.5	4.3%	4,468.6	4,710.2	5.4%
Personnel expenses	-1,667.8	-1,608.9	-3.5%	-1,682.2	-1,620.8	-3.6%
Other administrative expenses	-601.2	-650.4	8.2%	-601.2	-650.4	8.2%
Amortization and depreciation	-246.8	-280.1	13.5%	-244.8	-273.0	11.5%
Operating costs	-2,515.8	-2,539.4	0.9%	-2,528.1	-2,544.2	0.6%
Profit (loss) from operations	1,995.0	2,166.1	8.6%	1,940.5	2,166.0	11.6%
Net adjustments on loans to customers	-887.2	-682.3	-23.1%	-693.2	-569.6	-17.8%
Profit (loss) on FV measurement of tangible assets	-141.6	-108.3	-23.5%
Net adjustments on other financial assets	-0.3	-9.1	n.m.	-0.3	-9.1	n.m.
Net provisions for risks and charges	-26.0	-57.2	n.m.	-26.0	-30.4	16.7%
Profit (loss) on the disposal of equity and other invest.	-18.8	2.3	n.m
Income (loss) before tax from continuing operations	921.0	1,311.5	42.4%	1,221.0	1,557.0	27.5%
Tax on income from continuing operations	-253.8	-408.9	61.1%	-350.4	-489.6	39.7%
Income (loss) after tax from continuing operations	667.2	902.5	35.3%	870.6	1,067.4	22.6%
Systemic charges after tax	-145.0	-151.9	4.8%	-125.7	-151.9	20.8%
Realignment of fiscal values to accounting values	81.7	0.0	n.m.			n.m.
Goodwill impairment	0.0	-8.1	n.m.			n.m.
Income (loss) attributable to minority interests	0.3	0.8	n.m.	0.3	0.8	n.m.
Purchase Price Allocation after tax	-39.5	-45.5	n.m.	-39.5	-34.8	-11.8%
Fair value on own liabilities after Taxes	4.4	4.8	10.7%	4.4	4.8	10.7%
Net income (loss) for the period	569.1	702.6	23.5%	710.1	886.3	24.8%

P&L: FY 2022 stated and adjusted comparison with one-off details

Reclassified income statement (€m)	FY 2022	FY 2022 adjusted	One-off	Non-recurring items
Net interest income	2,314.4	2,314.4	0.0
Income (loss) from invest. in associates carried at equity	157.5	157.5	0.0
Net interest, dividend and similar income	2,471.9	2,471.9	0.0
Net fee and commission income	1,887.3	1,887.3	0.0
Other net operating income	71.6	71.6	0.0
Net financial result	243.0	247.7	-4.7	FV adjustments on Financial Assets
Income from insurance business	31.7	31.7	0.0
Other operating income	2,233.6	2,238.3	-4.7
Total income	4,705.5	4,710.2	-4.7
Personnel expenses	-1,608.9	-1,620.8	11.9	1 Release of early retirement fund and one-off remuneration
Other administrative expenses	-650.4	-650.4	0.0
Amortization and depreciation	-280.1	-273.0	-7.1	Software write-offs
Operating costs	-2,539.4	-2,544.2	4.8
Profit (loss) from operations	2,166.1	2,166.0	0.1
Net adjustments on loans to customers	-682.3	-569.6	-112.7	Additional NPE disposals
Profit (loss) on FV of tangible assets	-108.3	0.0	-108.3	Adjustments on tangible assets
Net adjustments on other financial assets	-9.1	-9.1	0.0
Net provisions for risks and charges	-57.2	-30.4	-26.8	Prudential provisions related to contractual duties
Profit (loss) on the disposal of equity and other invest.	2.3	0.0	2.3	Disposal of tangible assets
Income (loss) before tax from continuing operations	1,311.5	1,557.0	-245.5
Tax on income from continuing operations	-408.9	-489.6	80.6
Income (loss) after tax from continuing operations	902.5	1,067.4	-164.9
Systemic charges after tax	-151.9	-151.9	0.0
Goodwill impairment	-8.1	0.0	-8.1	Goodwill impairment
Income (loss) attributable to minority interests	0.8	0.8	0.0
Purchase Price Allocation after tax	-45.5	-34.8	-10.7	Effects from consolidation of insurance business
Fair value on own liabilities after Taxes	4.8	4.8	0.0
Net income (loss) for the period	702.6	886.3	-183.7

Note: 1. Includes €9.9m of remuneration una tantum (€500 per employee) to sustain group personnel (excluding top management) and their families. 3. FY 2022 Performance Details

Reclassified Balance Sheet

Reclassified assets (€ m)			Restated		Chg. Y/Y		Chg. Q/Q
	31/12/21	30/06/22	30/09/22	31/12/22	Value	%	Value	%
Cash and cash equivalents	29,153	33,109	24,370	13,131	-16,023	-55.0%	-11,239	-46.1%
Loans and advances measured at AC	121,261	120,540	113,234	113,633	-7,628	-6.3%	399	0.4%
- Loans and advances to banks	11,878	9,732	3,857	4,178	-7,700	-64.8%	321	8.3%
1 - Loans and advances to customers ( )	109,383	110,808	109,377	109,455	72	0.1%	77	0.1%
Other financial assets	36,326	40,964	40,486	43,094	6,767	18.6%	2,607	6.4%
- Assets measured at FV through PL	6,464	8,486	9,521	8,207	1,743	27.0%	-1,314	-13.8%
- Assets measured at FV through OCI	10,675	10,594	10,012	9,381	-1,295	-12.1%	-631	-6.3%
- Assets measured at AC	19,187	21,883	20,954	25,506	6,319	32.9%	4,553	21.7%
Financial assets pertaining to insurance companies			5,948	5,893	5,893	n.m.	-55	-0.9%
Equity investments	1,794	1,538	1,427	1,454	-340	-19.0%	27	1.9%
Property and equipment	3,278	3,192	3,137	3,035	-244	-7.4%	-102	-3.3%
Intangible assets	1,214	1,203	1,309	1,287	73	6.0%	-22	-1.7%
Tax assets	4,540	4,582	4,685	4,623	83	1.8%	-62	-1.3%
Non-current assets held for sale and discont. operations	230	103	170	215	-15	-6.6%	45	26.4%
Other assets	2,692	3,431	3,319	3,323	631	23.4%	4	0.1%
Total	200,489	208,662	198,086	189,686	-10,803	-5.4%	-8,400	-4.2%
Reclassified liabilities (€ m)			Restated		Chg. Y/Y		Chg. Q/Q
	31/12/21	30/06/22	30/09/22	31/12/22	Value	%	Value	%
Banking Direct Funding	120,213	123,907	119,508	120,639	426	0.4%	1,131	0.9%
- Due from customers	107,121	110,705	106,576	107,679	559	0.5%	1,103	1.0%
- Debt securities and financial liabilities designed at FV	13,092	13,202	12,932	12,960	-132	-1.0%	28	0.2%
Insurance Direct Funding and technical reserves			5,947	5,856	5,856	n.m.	-90	-1.5%
- Financial liabilities measured at FV pertaining to insurance companies			1,494	1,442	1,442	n.m.	-52	-3.5%
- Technical reserves pertaining to insurance companies			4,453	4,414	4,414	n.m.	-38	-0.9%
Due to banks	45,685	46,224	44,151	32,636	-13,049	-28.6%	-11,515	-26.1%
Debts for Leasing	674	679	644	628	-46	-6.8%	-16	-2.5%
Other financial liabilities designated at FV	15,755	17,248	9,351	13,598	-2,158	-13.7%	4,247	45.4%
Other Financial liabilities pertaining to insurance companies			2	0.4	0	n.m.	-1	n.m.
Liability provisions	1,197	1,021	999	989	-208	-17.4%	-10	-1.0%
Tax liabilities	303	287	331	280	-23	-7.5%	-51	-15.4%
Liabilities associated with assets held for sale	0	0	0	32	32	n.m.	32	n.m.
Other liabilities	3,566	6,486	4,577	2,258	-1,308	-36.7%	-2,319	-50.7%
Minority interests	1	1	1	1	0	-35.0%	-1	-46.8%
Shareholders' equity	13,095	12,808	12,576	12,770	-325	-2.5%	194	1.5%
Total	200,489	208,662	198,086	189,686	-10,803	-5.4%	-8,400	-4.2%

Note: 1. "Customer loans" include the Senior Notes of the three GACS transactions.

Direct funding from the Banking business¹

	31/12/21	30/09/22	31/12/22	% chg. Y/Y	% chg. Q/Q
C/A & Sight deposits	104.0	102.8	103.4	-0.6%	0.6%
Time deposits	1.0	0.5	0.3	-70.9%	-47.0%
Bonds	13.1	12.9	12.9	-1.1%	0.1%
Other	1.5	2.7	2.5	71.4%	-6.1%
Capital-protected Certificates	3.6	3.8	4.3	19.2%	12.8%
Direct Funding (excl. Repos)	123.2	122.7	123.4	0.2%	0.6%

Note: 1. For Technical reserves & Financial liabilities from insurance business, see slide 43. 2. Direct funding restated according to a management accounting logic: includes capital-protected certificates, recognized essentially under 'Held-for-trading liabilities', while it does not include Repos (€1.5bn on 31/12/2022 vs €0.6bn on 30/09/2022 and €0.6bn on 31/12/2021), mainly consisting of transactions with Cassa di Compensazione e Garanzia.

Bond maturities: limited and manageable amounts

• €3.9bn institutional bonds reimbursed in FY 2022

Liability profile: Bonds outstanding and issues

Managerial data based on nominal amounts.

Note: 1. Include also Repos with underlying retained Covered Bonds. 2. Issued under the Green, Social and Sustainability Bonds Framework. 3. Private placement.

Indirect customer funding at €91.3bn

Funds & Sicav Bancassurance Managed Accounts and Funds of Funds

Y/Y Q/Q

Total Indirect Customer Funding at €91.3bn, from €87.8bn as at 30/09/2022 and €99.1bn as at 31/12/2021

Managerial data of the commercial network. AuC historic data restated for managerial adjustments. Note: 1. AuC data are net of capital-protected certificates, as they have been regrouped under Direct Funding (see slide 32).

Focus on Govies portfolio

THIS SLIDE REFERS TO THE SECURITIES PORTFOLIO OF THE BANKING BUSINESS.

Solid liquidity position: LCR at 191% & NSFR >100% as at 31/12/2022

• Total Encumbered Eligible Assets at €35.3bn² at end of December 2022
• TLTRO III nominal exposure down to €26.7bn, after an anticipated reimbursement of €12.5bn in Dec. 2022.
• Net ECB position at €14.5bn

Managerial data, net of haircuts.

Notes: 1. Include assets received as collateral and is net of accrued interests. 2. Encumbered in ECB refinancing operations, REPOs and other.

New lending at €26.5bn in 2022: +17.1% Y/Y

New lending guaranteed by the State at €5.9bn in 2022

Note: 1. M/L-term Mortgages (Sec. and Unsec.), Personal Loans, Pool and Structured Finance (including revolving).

Net Customer Loans

Sound increase in Performing Loans

Net Customer Loans¹

					Change
Net Performing Customer Loans	31/12/21	30/09/22	31/12/22	In % Y/Y	In % Q/Q
Core customer loans	99.5	102.9	102.8	3.3%	-0.1%
- Medium/Long-Term loans	77.3	80.6	80.4	4.1%	-0.2%
- Current Accounts	8.2	8.9	8.4	1.7%	-6.2%
- Cards & Personal Loans	1.3	1.0	1.0	-28.5%	-5.8%
- Other loans	12.6	12.3	13.0	3.0%	5.5%
GACS Senior Notes	2.3	2.0	1.9	-15.8%	-4.5%
Repos	3.7	1.2	1.9	-48.5%	54.8%
Leasing	0.7	0.6	0.5	-24.2%	-7.9%
Total Net Performing Loans	106.1	106.7	107.1	0.9%	0.4%

Notes: 1. Loans and advances to customers at Amortized Cost, including also the GACS senior notes.

Analysis of gross Performing loan portfolio

Non-Financial Companies 58.3% Households 26.6% Financials 7.8% Other (Public Sector, No-Profit, etc.) 5.5% GACS Senior Notes 1.8% €107.5bn Management data, GBV Performing customer loan breakdown as at 31/12/2022 1 Breakdown by customer segments (including GACS Senior Notes) 94.9 97.2 94.1 96.7 11.7 11.2 13.0 10.9 31/12/21 30/06/22 30/09/22 31/12/22 Stage 2 Stage 1 GBV in € bn 106.6 Stage classification of Performing Loans: evolution 108.4 11.0% 10.4% 107.1 Share of Stage 2 12.2% 10.1% 107.5 Stage 2 reduction in Q4: • Improving portfolio quality (lower average PD, following historical series update in 2022 and strengthened financial performance of Italian corporates vs. 2020)

• Positive results of the early engagement campaign activated on borrowers particularly exposed to energy/raw material-intensive sectors

NPE migration dynamics

Asset Quality details

Loans to Customers at AC¹

Gross exposures	31/12/2021	30/06/2022	30/09/2022	31/12/2022		Chg. Y/Y	Chg. Q/Q
€/m and %					Value	%	Value	%
Bad Loans	2,190	1,996	1,997	2,047	-143	-6.5%	50	2.5%
UTP	4,126	3,405	3,218	2,639	-1,487	-36.0%	-578	-18.0%
Past Due	60	84	78	82	22	37.6%	4	5.2%
NPE	6,376	5,485	5,293	4,769	-1,608	-25.2%	-524	-9.9%
Performing Loans	106,577	108,392	107,139	107,520	943	0.9%	382	0.4%
TOTAL CUSTOMER LOANS	112,953	113,876	112,432	112,289	-664	-0.6%	-143	-0.1%
Net exposures	31/12/2021	30/06/2022	30/09/2022	31/12/2022		Chg. Y/Y	Chg. Q/Q
€/m and %					Value	%	Value	%
Bad Loans	906	769	744	721	-186	-20.5%	-23	-3.1%
UTP	2,309	2,034	1,876	1,575	-735	-31.8%	-301	-16.1%
Past Due	45	59	56	60	15	34.7%	4	6.9%
NPE	3,261	2,862	2,676	2,356	-905	-27.8%	-321	-12.0%
Performing Loans	106,123	107,947	106,701	107,099	977	0.9%	398	0.4%
TOTAL CUSTOMER LOANS	109,383	110,808	109,377	109,455	72	0.1%	77	0.1%

Coverage ratios %	31/12/2021	30/06/2022	30/09/2022	31/12/2022
Bad Loans	58.6%	61.5%	62.7%	64.8%
UTP	44.0%	40.3%	41.7%	40.3%
Past Due	25.3%	29.8%	28.1%	26.9%
NPE	48.9%	47.8%	49.4%	50.6%
Performing Loans	0.43%	0.41%	0.41%	0.39%
TOTAL CUSTOMER LOANS	3.2%	2.7%	2.7%	2.5%

Notes: 1. Loans and advances to customers at Amortized Cost, including also the GACS senior notes. 3. FY 2022 Performance Details

Details on Insurance business consolidated starting from 1 July 2022

Banco BPM Vita & Banco BPM Assicurazioni portfolio fully consolidated starting from 1 July 2022

from insurance business P&L contribution of Banco BPM Vita & Assicurazioni¹

	H2 22
Fees and other net operating income	1.2
Income from insurance business	31.7
Total income	32.9
Personnel expenses	-7.9
Other administrative expenses	-6.4
Amortization and depreciation	-0.9
Operating costs	-15.3
Profit (loss) from operations	17.7
Tax on income from continuing operations	-6.0
3 Net income (loss) for the period (before PPA)	11.7

Technical reserves & Financial liabilities

	31/12/22
Technical reserves	4,414
Life business	4,412
- Mathematical reserves	4,579
- Reserves for amounts payable	46
- Other reserves	-212
Non-life business	2
- Premium reserves	1
- Claims reserves	1
Financial liabilities of the insurance companies	1,442
- Unit-linked products	1,442
TOTAL2	5,856

Note: 1. See Methodological Notes. 2. Include €5.8bn also considered in the indirect

customer fund, being part of the AUM from bancassurance.

3. PPA: -€4.8m in H2 2022.

Capital position in detail¹

PHASED IN CAPITAL POSITION (€/m and %)	31/12/2021	30/09/2022	31/12/2022
CET 1 Capital T1 Capital Total Capital	9,387 10,564 12,524	8,316 9,705 11,496	8,618 10,008 11,789
RWA	63,931	61,606	60,200
CET 1 Ratio	14.68%	13.50%	14.32%
AT1	1.84%	2.26%	2.31%
T1 Ratio	16.52%	15.75%	16.62%
Tier 2	3.07%	2.91%	2.96%
Total Capital Ratio	19.59%	18.66%	19.58%

Leverage ratio Phased In as at 31/12/2022: 5.21%

FULLY LOADED CAPITAL POSITION (€/m and %)	31/12/2021	30/09/2022	31/12/2022
CET 1 Capital T1 Capital Total Capital	8,559 9,652 11,613	7,397 8,786 10,576	7,700 9,089 10,871
RWA	63,729	61,399	59,996
CET 1 Ratio	13.43%	12.05%	12.83%
AT1	1.71%	2.26%	2.32%
T1 Ratio	15.15%	14.31%	15.15%
Tier 2	3.08%	2.92%	2.97%
Total Capital Ratio	18.22%	17.23%	18.12%
Leverage ratio Fully Loaded as at 31/12/2022: 4.76%

PHASED IN RWA COMPOSITION (€/bn)	31/12/2021	30/09/2022	31/12/2022
CREDIT & COUNTERPARTY RISK	54.1	53.1	51.2
of which: Standard	29.7	27.9	26.3
MARKET RISK	2.5	1.4	1.4
OPERATIONAL RISK	7.1	6.9	7.4
CVA	0.3	0.2	0.3
TOTAL	63.9	61.6	60.2

FULLY LOADED RWA COMPOSITION (€/bn)	31/12/2021	30/09/2022	31/12/2022
CREDIT & COUNTERPARTY RISK	53.9	52.9	51.0
of which: Standard	29.5	27.7	26.1
MARKET RISK	2.5	1.4	1.4
OPERATIONAL RISK	7.1	6.9	7.4
CVA	0.3	0.2	0.3
TOTAL	63.7	61.4	60.0

Notes: 1. Data are indicated without application of the Danish Compromise.

Board of Directors (based on a dividend payout ratio of 50%). • Starting from 30 June 2022, Banco BPM has chosen to adopt the temporary treatment of unrealised gains and losses measured at FVOCI, according to art. 468 of the CRR, as amended by Regulation (EU) 2020/873 (so called "CRR Quick-fix"). The abovementioned temporary treatment is considered only for the calculation of the phase-in capital ratios while it is not applied to the fully-loaded capital ratios. See Methodological Notes for further details.

Further progress in new digital-driven distribution model

Main digital-enabled achievements

Notes: 1. Digital Identity enrolling from November 2020.

ESG integration update: Key results & selected KPIs

		2021	2022
	Green & Social Bonds issued	€0.5bn	€2.05bn 1
BUSINESS	Share of ESG corporate bonds in the proprietary portfolio	14.3%	24.2%
	ESG bond issues assisted by Banca Akros	€8.0bn	€8.1bn
	Net Scope 1&2 emissions (market based) 2 (% chg. y/y)	-3.4%	> -50%
ENVIRONMENT	Total consumptions (% chg. y/y)	-0.9%	> -10%
	Consumption of energy from reneweable sources	100%	100%
PEOPLE	Share of women in managerial positions	23.4%	26.1%
	Hours of ESG training courses	105,300	174,200
	Share of new hirings between 20-30 years (cumulated, since Jan.21)	85.0%	89.5%
COMMUNITY	Donations and sponsorship for social & environmental projects	€3.7m	€4.6m
	Hours of corporate community services, ESG awareness and financial education	9,600	14,600

2022 ESG commercial data

	€10.3bn
Green new lending to corporate and enterprise segments3	55.6% of total new lending to corporate & enterprises
Green residential mortgages (new lending)	€620m
New lending to third sector	€180m

Note: 1. Includes 3 bonds for a total of €1,750m under our Green, Social and Sustainability Bonds Framework and one Private Placement for €300m. 2. 2022 data based on managerial estimates; include compensation of ~8,000 t. of CO2 eq. in 2022 and ~800 t. of CO2 eq. in 2021. 3. New lending to corporate and enterprises belonging to green/low transition risk sectors and green lending products to corporate and enterprise segments (excluding small business & institutional segments).

Key 2022 achievements of the ESG Action Plan (1/2)

• ➢ Maintenance of the ISO Environmental, Energy and Occupational Health and Safety certifications

• ➢ Compensation Project (Tanzania Project, REED + certified Zimbabwe Project REED + certified India Project) → compensating ~8,000 t. of CO2 eq.

• ➢ Gender Program: a tailor-made paths of female empowerment with ~300 women involved → Assessment step to support development actions on a first tranche of >100 women

• ➢ ESG training for all employees, with a more specialized focus on resources involved in the workstreams of our ESG Action Plan
• ➢ Respect Project: ~8,000 people involved

• ➢ Development of the corporate volunteering "Volontariamo" (> 2,700 hours)

• ➢ Development of a social impact investing questionnaire intended for Corporate and SMEs clients

• ➢ Completion of the gap analysis vs. TCFD requirements and definition of the remediation plan

• ➢ Improvement of the materiality analysis for 2022, with the involvement of a broader panel of stakeholders (financial market, customers, employees, local committees)

• ➢ New Code of Ethics

• ➢ Expanding the pool of the ESG Ambassadors, from 52 to 75

Key 2022 achievements of the ESG Action Plan (2/2)

• ➢ Completion of the climate and environmental risk scoring for the Materiality Assessment
• ➢ Inclusion of the ESG risk within the Reputational Risk Framework
• ➢ Deployment of the first ESG RAF KPIs
• ➢ Activities aimed at developing the first new ESG disclosure to be included in Pillar III
• ➢ ESG questionnaire for Corporate and Business segments
• ➢ Evolution of the ESG Credit Policy Framework:
• ✓ ESG assessment inclusion
• ✓ Evolution of the transition risk methodology classification, with greater relevance of emissions
• ✓ Inclusion of physical risk assessment
• ✓ Dedicated strategies on sectors with high environmental impact

• ✓ Extension to Large Corporate segment

• ➢ New products: "Obiettivo Sostenibilità" and "SACE Green" to support ESG transition of Corporate & SMEs, with dedicated training for Corporate salesforce on "Obiettivo Sostenibilità": >2,000 Relationship Managers involved

• ➢ Strengthening the central support to commercial network for technical / operational issues in the ESG area
• ➢ Improving CRM tools and development of new algorithms for analysis of the potential green/ESG growth of Corporate & SMEs

• ➢ Financing the production of energy from renewables: ~€900m project finance facilities granted; identification of 5,000 agri-food companies potentially interested in installing photovoltaic panels on their buildings

• ➢ Issuance of 3 green bonds under the Green Social & Sustainability Bonds Framework, with proceeds used to refinance green mortgages and renewable energy projects

• ➢ Private placement of a Green Senior Preferred for the financing of green loans
• ➢ WM: Proprietary Due Diligence and Product Classification Model in order to match client sustainability preferences and manage greenwashing risks
• ➢ ESG Training initiatives also on regulatory framework of sustainable investments: acquisition of EFPA ESG Advisor Certification for about 200 colleagues (Private Banking, WM, Advisory and Banca Akros)

Contacts for Investors and Financial Analysts

Banco BPM

Registered Offices: Piazza Meda 4, I-20121 Milano, Italy Corporate Offices: Piazza Nogara 2, I-37121 Verona, Italy

investor.relations@bancobpm.it www.gruppo.bancobpm.it (IR section)