Bff Bank

Capital/Financing Update • Nov 21, 2025

PRESS RELEASE

BFF Bank S.p.A. announces the update of its Euro 2.5bn Medium Term Note Programme

Milan, 21 st November 2025 – BFF Bank S.p.A. ("BFF" or the "Bank"), the European leader for the management and non-recourse factoring of trade receivables due from the public-sector organizations and national healthcare systems, announces the update of its Euro 2,500,000,000 Medium Term Note Programme ("EMTN Programme").

On 20th November 2025 the Central Bank of Ireland approved the Base Prospectus for the EMTN Programme, available in the Investors > Debt > EMTN Programme section of BFF's website.

The update of the EMTN Programme confirms BFF's continuous diversification of its funding sources and its access to a wider and deeper investors base through an active and long-term commitment to the capital markets.

Notes issued under the EMTN Programme may be Senior Preferred Notes, Senior Non-Preferred Notes or Subordinated (Tier 2) Notes. The EMTN Program will also allow the Bank to issue bonds whose proceeds may be applied in line with the Social Bond Framework published in September 2023. The general terms and conditions of the EMTN Programme can be found in their entirety in the Base Prospectus.

Intesa Sanpaolo S.p.A. – IMI Corporate & Investment Banking division – acted as Arranger and Sole Dealer on the transaction. White & Case LLP acted as legal counsel to the Issuer and Clifford Chance Società tra Avvocati S.r.l. acted as legal counsel to Intesa Sanpaolo S.p.A.

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This press release is available on-line on BFF Group's website www.bff.com within the Investors > PR & Presentations > Press Releases section.

BFF Banking Group

BFF Banking Group is the largest independent specialty finance in Italy and a leading player in Europe, specialized in the management and non-recourse factoring of trade receivables due from the Public Administrations, securities services, banking and corporate payments. The Group operates in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain. BFF is listed on the Italian Stock Exchange. In 2024 it reported a consolidated Adjusted Net Profit of €143.0 million, with a 13.4% Group CET1 ratio at the end of September 2025.

Contacts

www.bff.com

Investor Relations Caterina Della Mora Marie Thérèse Mazzocca +39 02 49905 631 investor.relations@bff.com

Media Relations Alessia Barrera Sofia Crosta +39 02 49905 623 |+39 340 3434 065 newsroom@bff.com