Illimity Bank S.p.A. — M&A Activity 2025

May 9, 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS

ILLIMITY BOARD OF DIRECTORS MEETING FOR THE ANALYSIS OF THE ISSUER'S NOTICE IN RELATION TO THE VOLUNTARY TENDER AND EXCHANGE OFFER PROMOTED BY BANCA IFIS WILL BE HELD ON 15TH MAY 2025

Milan, 9 May 2025 – In relation to the voluntary exchange and tender offer promoted by Banca Ifis S.p.A. on all the shares of illimity Bank S.p.A. ("illimity"), following today's publication of the Offer Document, illimity announces that the Board of Directors is expected to meet in the late afternoon of Thursday 15th May next, for the analysis of the Issuer's Notice, pursuant to art. 103 of Legislative Decree no. 58/1998 (Consolidated Law on Finance).

It is therefore assumed that the Issuer's Notice will be published, in accordance with current legislation, by the deadline of Friday 16 May next.

For additional information:

Investor Relations & Sustainability Fabio Pelati +39 335 7853370 – fabio.pelati@illimity.com

Ufficio Stampa & Comunicazione illimity

Vittoria La Porta, Elena Massei press@illimity.com

Ad Hoc Communication Advisors Valentina Zanotto +39 335 141 5575 Riccardo Schiavon +39 340 082 3015 illimity@ahca.it

illimity is the banking group led by Corrado Passera, specialising in offering performing loans to SMEs, restructuring, turnarounds, and investment banking services. illimity covers the entire value chain in credit management, from financing activities to asset management and structuring through ARECneprix. illimity SGR also forms part of the Group, which establishes and manages alternative investment funds to support institutions and companies, both in the UTP space and in private capital. The story of the illimity Group began in January 2018 with the launch of the Special Purpose Acquisition Company SPAXS S.p.A., which closed a record capital market funding of EUR 600 million. SPAXS subsequently acquired Banca Interprovinciale S.p.A. and the merger of the two companies formally created 'illimity Bank S.p.A.' which has been listed on Borsa Italiana S.p.A. (ticker 'ILTY') since 5 March 2019, first on the MTA and on the STAR segment since September 2020.

This document does not constitute and is not part of an offer to buy and/or exchange, nor of a solicitation to offer to sell, underwrite, exchange or otherwise dispose, any security. The tender offer is made by Banca ifis S.p.A., exclusively in Italy, through the publication, by the offeror, of the offer document previously approved by CONSOB. The offer document describes the terms and conditions of the tender offer and the acceptance procedures. Before joining the tender offer, the shareholders of illimity Bank S.p.A. should read the documents concerning such offer pursuant to applicable law. This document may only be accessed in or from the United Kingdom of Great Britain and Northern Ireland (i) by investment professionals with experience in matters relating to investments falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), or (ii) by high net worth companies and by such other persons falling within the scope of Article 49(2) paragraphs from (a) to (d) of the Order (jointly, the "Relevant Persons"). Any person other than the Relevant Persons shall not act or rely on the contents of this document. A copy of this document, or portions thereof, is not and shall not be sent nor in any way transmitted or otherwise distributed, directly or indirectly, in the United States of America (or to "U.S. Persons" as defined under the U.S. Securities Act of 1933), Canada, Japan, Australia and any other jurisdictions where making the Offer or tendering therein would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority (such jurisdictions, including the United States, Canada, Japan and Australia are referred to as the "Excluded Countries"). Anyone receiving such documents shall not distribute, forward or send them (neither by postal service nor by using national or international instruments of communication or commerce) in the Excluded Countries.