Bper Banca

AGM Information • Mar 18, 2025

Shareholders' Meeting of 18 April 2025

Report of the Board of Directors on item 2 b) on the agenda of the ordinary session

BPER Banca S.p.A., Head Office in Via San Carlo 8/20, Modena - Tax Code and Modena Companies Register No. 01153230360 – Company belonging to the BPER BANCA VAT GROUP, VAT No. 03830780361 – Share capital Euro 2,121,637,109.40 - ABI Code 5387.6 - Register of Banks No. 4932 - Member of the Interbank Deposit Guarantee Fund and of the National Guarantee Fund - Parent Company of the BPER Banca S.p.A. Banking Group - Register of Banking Groups No. 5387.6 - Tel. +39 059.2021111 - Telefax +39 059.2022033 - e-mail: servizio.clienti@gruppobper.it - Certified e-mail (PEC): bper@pec.gruppobper.it - bper.it – group.bper.it

BPER Banca S.p.A.

Shareholders' Meeting of 18 April 2025

Report of the Board of Directors on item 2 b) on the agenda of the ordinary session

2025 MBO Incentive plan based on financial instruments pursuant to art. 114-bis of Legislative Decree no. 58 of 24 February 1998.

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Shareholders,

with reference to item 2 b) on the agenda of the ordinary session, the Board of Directors has called you, pursuant to article 114-bis of Legislative Decree no. 58 of 24 February 1998 (the "Consolidated Law on Finance"), Bank of Italy Circular no. 285 of 17 December 2013 (Part One, Title IV, Chapter 2, Section II) and article 11, para. 2 of the Articles of Association, to resolve upon the proposal for a Remuneration Plan based on financial instruments (the "Plan"), described in the specific "Information Document on the remuneration plan based on financial instruments - 2025 MBO Plan" prepared in compliance with the above-mentioned article 144-bis of the Consolidated Law on Finance and article 84-bis of the Issuers' Regulation (the "Information Document"), which is available to the public according to the terms and deadlines set by regulations in force.

As described in the Information Document (which refers in particular to the share component of the short-term incentive plan - 2025 MBO plan), the recipients identified in the Plan, in addition to the CEO, are BPER Banca S.p.A.'s executives with strategic responsibilities and other BPER Group employees qualifying as "Material Risk Takers", pursuant to applicable regulations.

As far as the structure is concerned, the Plan - subject to the fulfilment of the conditions for its activation ("entry gates") - envisages the free-of-charge, personal allocation of a specific number of BPER shares, taking into account the degree of achievement of the assigned targets and the amount of the bonus pool and, therefore, the individual bonus amount accrued.

The period of implementation of the Plan spans between 2026 (when the results for 2025 are reported) and 2032 (inclusive of the retention period for the last deferred part of the bonus to be paid in shares).

In line with the regulations issued by the Bank of Italy, the rules laid down in the Information Document may be associated not only with the variable remuneration paid in the form of bonuses, but also with any compensation agreed upon in view or on the occasion of early termination of the employment relationship or early termination of office that is granted to the recipients of the Plan.

For more detailed information on the content of the Plan, please see the Information Document.

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Resolution proposed to the Shareholders' Meeting

In light of the above, and taking into account the content of the "Information Document on the remuneration plan based on financial instruments - 2025 MBO Plan" published in compliance with regulations in force, the Board of Directors submits the following proposal to the Shareholders' Meeting for approval:

"The Ordinary Shareholders' Meeting of BPER Banca S.p.A., having reviewed the explanatory report by the Board of Directors on item 2 b) on the agenda of the ordinary session and the related "Information Document on the remuneration plan based on financial instruments", prepared in compliance with article 114-bis of Legislative Decree no. 58 of 24 February 1998 and article 84-bis of the Issuers' Regulation, adopted with Consob resolution no. 11971 of 14 May 1999, and made available to the public according to the terms and deadlines set by regulations in force, in acceptance of the proposal submitted by the Board of Directors,

resolves to

• approve the Remuneration Plan based on financial instruments pursuant to article 114-bis of Legislative Decree no. 58 of 24 February 1998, as described in the above-mentioned "Information Document on the remuneration plan based on financial instruments - 2025 MBO Plan";
• vest the Board of Directors with all the powers –subject to the possibility for the powers to be sub-delegated- as are necessary for giving material effect to the Plan, which should be exercised in accordance with the instructions of the Information Document. To this end, the Board of Directors or the person delegated by the Board of Directors, if any, may -by way of a non-limiting example- approve the Plan-implementing regulation or any amendments thereto and identify the recipients of the Plan and arrange for anything else that may be required to implement the Plan, in compliance with the applicable regulatory framework including the Group's internal regulations."

Modena, 18 March 2025

BPER Banca S.p.A. The Chair Fabio Cerchiai