Bff Bank

Share Issue/Capital Change • Mar 5, 2021

PRESS RELEASE

Notice of change in share capital

Milan, March 1, 2021 – BFF Bank S.p.A. ("BFF" or the "Bank"), pursuant to Article 85-bis of the CONSOB Issuers' Regulation n° 11971/1999 as subsequently, amended, communicates the new composition of its share capital (fully subscribed and paid-in), following the effectiveness of the merger by incorporation of DEPObank - Banca Depositaria Italiana - into BFF Bank S.p.A. (the "Merger"), which took place as part of a more complex transaction that involved, among other things, the issue of 14,043,704 ordinary shares with no par value for a capital increase of euro 10,813,6528 to service the Merger

The certificate of the change in share capital was filed with the Companies' Registration List of Milan, Monza Brianza and Lodi on March 1, 2021 effective as of March 5, 2021 (the effective date of the Merger).

TABLE 1	Current share capital			Previous share capital
	Euro	N° of shares	Unitary nom. value	Euro	N° of shares	Unitary nom. value
Total of which:	142.214.646,34	184.694.346	Without nom.value.	131.400.994,34	170.650.642	Without nom. value.
Ordinary shares (regular entitlement: 01/01/2021) Current coupon number: 3	142.214.646,34	184.694.346	Without nom. value.	131.400.994,34	170.650.642	Without nom. value.

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Please also note that today, the new Articles of Association have been made available to the public, at the registered office of BFF Bank S.p.A. in Milan - Via Domenichino n. 5, as well as on the authorized storage mechanism , and in the section of the BFF Investors Group website Investors>Governance > Documentation > Articles of Association.

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

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, Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain. BFF is listed on the Italian Stock Exchange. In 2020 it reported a consolidated Adjusted Net Profit of € 97.6 million, with a 15.5% Group CET1 ratio at the end of December 2020.

www.bff.com

Contacts

Investor Relations Caterina Della Mora, Claudia Zolin investor.relations@bff.com +39 02 49905 631 | +39 02 49905 620 | +39 335 1295 008

Media Relations Alessia Barrera, Gianluca Basciu newsroom@bff.com +39 02 49905 616 | +39 02 49905 623 | +39 340 3434 065

Iberia Mariana Sousa +351 210 164 760

Poland and Central Eastern Europe Ewelina Kolad +48 42 272 82 90