Credito Emiliano

Prospectus • Sep 8, 2023

PRESS RELEASE

CREDITO EMILIANO S.P.A. HAS DETERMINED TO AMEND THE SPECIFIED DENOMINATION IN THE FINAL TERMS OF THE FOLLOWING NOTES

Up to €150,000,000 Fixed Rate Senior Social Notes due 25 July 2028 Series Number 2 with ISIN: XS2640881608 AND Up to €100,000,000 Fixed Rate Senior Social Preferred Notes due 31 July 2027 Series Number 3 with ISIN: XS2640884701 (together the Notes)

This Erratum should be read in conjunction with the Final Terms of the Notes dated respectively 23 June 2023 and 6 July 2023 (together the Final Terms) issued pursuant to the Base Prospectus dated 10 March 2023, as supplemented.

Terms used herein shall have the meaning attributed to them in the Final Terms.

Credito Emiliano S.p.A., (the Issuer) informs that today it has determined to amend, pursuant to Condition 17 (b) Modification, the Specified Denomination referred to in point 5 on page 2 of the relevant Final Terms, of the following Notes:

• Series Number 2 (ISIN: XS2640881608); and
• Series Number 3 (ISIN: XS2640884701).

In particular the Specified Denomination shall be amended to read as follows:

"€1,000".

The amendment will become effective on the date of delivery of this Erratum to the relevant clearing system (the Effective Date).

Background:

The Final Terms as at the relevant Issue Date indicated that the Specified Denomination of the Notes was "€10,000 and integral multiples of €1,000 in excess thereof up to and including €19,000. No Notes in definitive form will be issued with a denomination above €19,000" instead of "€1,000". The Issuer intends to correct this error and to amend the Final Terms accordingly, so as to eliminate any obstacles to negotiation on EuroTLX arising from the selection of the Specified Denomination.

All other conditions as stated in the Final Terms remain unchanged.

A copy of this Erratum can be obtained on Borsa Italiana's website.

The Issuer accepts responsibility for the information contained in this Erratum.

Reggio Emilia, September 08, 2023

CREDITO EMILIANO SPA (Chairman) Lucio Igino Zanon di Valgiurata

This Erratum and the amended and restated Final Terms are important and require your immediate attention. If you are in doubt as to the content of this Erratum and the amended and restated Final Terms, you are recommended to seek your own legal, tax, financial, business, regulatory and accounting advice and consult your own professional investment advisor.

This Erratum and the amended and restated Final Terms are not intended to be, and should not be relied upon as, legal, tax, financial, business, regulatory accounting, investment or other advice. The information contained in this Erratum and the amended and restated Final Terms is not intended to be comprehensive.

The distribution of this Erratum and the amended and restated Final Terms may be restricted by law in certain jurisdictions and persons into whose possession this Erratum and the amended and restated Final Terms are requested to inform themselves about, and to observe, any such restrictions.

PRESS RELEASE

This Erratum and the amended and restated Final Terms are not and are not intended to and shall not be deemed to constitute or contain or form part of an offer of financial instruments or invitation to promote and/or engage in any investment activity or an offer or invitation to buy or sell any securities or financial instruments or products in any jurisdiction and is being sent to Noteholders solely in their capacity as such in connection with the Final Terms. In particular, this Erratum and the amended and restated Final Terms does not constitute an offer to the public in the Republic of Italy nor have this Erratum and the amended and restated Final Terms or any other documents or materials relating to this Erratum and the amended and restated Final Terms been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa ("CONSOB").

The distribution of this Erratum and the amended and restated Final Terms may be restricted by applicable laws, rules, regulations and guidelines including but not limited to any trade, economic or financial sanctions laws, regulations, embargoes or restrictive measures administered, enacted or enforced by a sanctions authority (Applicable Law) in certain jurisdictions and persons into whose possession these come are requested to inform themselves about, and to observe, any such Applicable Law.

Nothing in this Erratum and the amended and restated Final Terms or the electronic transmission hereof constitutes or contemplates an offer of, an offer to purchase or the solicitation of an offer to sell securities in the United States or any other jurisdiction. The Notes have not been, and will not be, registered under the Securities Act, or the securities laws of any state or other jurisdiction of the United States.

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