The UBI Banca Group

Consolidated Results as at 30th September 2013

13th November 2013

Disclaimer

This document has been prepared by Unione di Banche Italiane Scpa ("UBI") for informational purposes only and for use in the presentation ofNovember 2013. It is not permitted to publish, transmit or otherwise reproduce this document, in whole or in part, in any format, to any thirdparty without the express written consent of UBI and it is not permitted to alter, manipulate, obscure or take out of context any information setout in the documentout in the document.

The information, opinions, estimates and forecasts contained herein have not been independently verified and are subject to change withoutnotice. They have been obtained from, or are based upon, sources we believe to be reliable but UBI makes no representation (eitherexpressed or implied) or warranty on their completeness, timeliness or accuracy. Nothing contained in this document or expressed during thepresentation constitutes financial legal tax or other advice nor should any investment or any other decision be solely based on thispresentation constitutes financial, legal, tax or other advice, nor should any investment or any other decision be solely based on thisdocument.This document does not constitute a solicitation, offer, invitation or recommendation to purchase, subscribe or sell for any investmentinstruments, to effect any transaction, or to conclude any legal act of any kind whatsoever.This document contains statements that are forward-looking: such statements are based upon the current beliefs and expectations of UBI andare subject to significant risks and uncertainties These risks and uncertainties many of which are outside the control of UBI could cause theare subject to significant risks and uncertainties. These risks and uncertainties, many of which are outside the control of UBI, could cause theresults of UBI to differ materially from those set forth in such forward looking statements.Under no circumstances will UBI or its affiliates, representatives, directors, officers and employees have any liability whatsoever (in negligenceor otherwise) for any loss or damage howsoever arising from any use of this document or its contents or otherwise arising in connection withthe document or the above mentioned presentation.For further information about the UBI Group, please refer to publicly available information, including Annual, Quarterly and Interim Reports.By receiving this document you agree to be bound by the foregoing limitations.Please be informed that some of the managers of UBI involved in the drawing up and in the presentation of data contained in this documenteither participated in a stock option plan and were therefore assigned stock of the company or possess stock of the bank otherwise acquired.The disclosure relating to shareholdings of top management is available in the annual reportsThe disclosure relating to shareholdings of top management is available in the annual reports.

Methodology

The “notes on the reclassified financial statements” contained in the periodic financial reports of the Group may be consulted for a fullercomprehension of the rules followed in preparing the reclassified financial statements.

2

Executive summary

CORE TIER 1 ratio: 12 5%A l it l d CORE TIER 1 ratio: 12.5%

TOTAL CAPITAL ratio: 19.3%

Total RWA / Total ASSETS: 48.2%

CAPITALAmple capital and liquidity buffers

uphold balance sheet

CET ratio (fully loaded): confirmed above 10% and

further strengthened

LEVERAGE* 5 07%BASEL 3

balance sheet soundness

LEVERAGE*: 5.07%

NSFR > 1

LCR > 1

BASEL 3

Total ELIGIBLE ASSETS: € 33.7** bln (as at 31 Oct ’13)

LOAN / DEPOSIT ratio: 96.9%LIQUIDITY

Net Profit: € 49 mln in 3Q13 (approx. € 102 mln in 9M13)PROFIT & LOSSSolid quarterly results

3* On the basis of Basel 3 requirements, the maximum financial leverage ratio is set at 3%, in order to contain total banking debt and as a consequence,

the tier one capital must be equal to at least 3% of on- and off-balance-sheet assets ** Including assets pledged for CCG repos (€ 4.2 bln)

Lending volumes still weak due to low demand but new origination inflows show slight improvement in 3Q13/3Q12, both as concerns retail mortgage and

in bln € 30 Sept '12 31 Dec '12 30 June '13 30 Sept '13 % Yo Y % Qo Q

g p , g gSmall Business loans

in bln € 30 Sept 12 31 Dec 12 30 June 13 30 Sept 13 changes changes

46.5 46.1 44.7 44.4 -4.6% -0.8%

of which: Private Customers 21.3 21.3 21.2 21.3 -0.3% 0.4%

Small business 15.3 15.3 14.5 14.5 -5.4% -0.1%

Retail Trends in new origination (Network Banks):

Small business 15.3 15.3 14.5 14.5 5.4% 0.1%

UBI Banca (former Banca 24/7)* 6.9 6.7 6.5 6.1 -11.4% -6.0%

Prestitalia* 3.0 2.9 2.6 2.5 -16.1% -3.2%

30.3 29.5 29.5 28.6 -5.8% -3.1%Corporate

RUN-OFF 3Q13 / 3Q12: positive growth of m/l termloans both in the private customers segment(mortgage loans +40.2%) and in the smallbusiness segment (+3.3%)

of which: Core corporate 15.5 15.3 14.9 14.7 -5.1% -1.4%Large corporate 8.1 7.9 8.9 8.3 1.9% -6.6%UBI Banca (former Centrobanca) 6.7 6.3 5.7 5.6 -16.9% -2.0%

0.8 0.8 0.8 0.8 -2.1% -0.6%Private

9M13 / 9M12: growth in new origination ofmortgage loans in the private customerssegment (+2.1%) while new origination ofsmall business and corporate m/l term loans is0.8 0.8 0.8 0.8 2.1% 0.6%

17.2 16.5 16.3 16.1 -6.3% -1.0%

of which: UBI Leasing 8.3 8.1 7.8 7.6 -8.3% -2.2%UBI Factor 2.1 2.4 2.3 2.2 2.1% -3.6%UBI*** 2 5 1 7 1 5 1 6 34 4% 12 8%

Private

Other**

small business and corporate m/l term loans isdown (approx. 6%)

Stocks:

Trends in lending are also affected by theUBI*** 2.5 1.7 1.5 1.6 -34.4% 12.8%

94.8 92.9 91.3 89.8 -5.3% -1.6%Total

Trends in lending are also affected by theprogressive run-off of the former Banca 24-7portfolio (merged in UBI Banca) and, followingthe dismissal of third party agents contracts,by the restructuring and downsizing of thesalary-backed loans (Prestitalia) and leasingy ( ) g(UBI Leasing) businesses

4

* Following the merger of Banca 24/7 in UBI Banca, effective July 2012, UBI Banca is managing the remaining stock of non captive mortgages andpersonal and special purpose loans. Prestitalia is managing the “salary backed loan” operations

** Minor companies, IAS adjustments, loans not segmented to commercial portfolios and intercompany eliminations*** UBI net of intercompany

UBI Banca’s liquidity position allowed optimisation of higher cost funding with a benefit in terms of NIILoan to Deposit ratio: 96.9% (94.8% including € 2 bln recent public issuances)

IAS amounts in € bln 30 Sept '12 31 Dec '12 30 June '13 30 Sept '13 quarterly % changes

annual % changes

TOTAL DIRECT FUNDING 100.3 98.8 96.3 92.8 -3.7% -7.5%Current accounts and depositsare down YoY due to:100%

FROM ORDINARY CUSTOMERS 81.4 80.3 77.9 75.3 -3.4% -7.5%

Current accounts & deposits (other than CCG) 45.8 44.7 43.0 42.6 -1.0% -7.0%CCG (run-off due to new regulation) 1.5 0.4 0.0 0.0

-€2 bln euro of higher cost morevolatile institutional and largecorporate funding (-€0.4 bln3Q/2Q13) and switch to AUMTerm deposits contraction

~80%

Term deposits, other payables and repos 4.7 4.7 4.4 3.1 -30.1% -33.8%

Securities in issue: Network banks + UBI 23.1 24.5 24.4 23.8 -2.6% 2.7%Extra-captive customers* 4.3 3.9 3.8 3.8Other (mainly customer CDs) 2 0 2 1 2 2 2 0

Term deposits contractionsupports further improvement inmark down (+22bps 3Q/2Q13 and+51 bps 3Q13/3Q12)

€0 64 bln soft mandatory conOther (mainly customer CDs) 2.0 2.1 2.2 2.0

FROM INSTITUTIONAL CUSTOMERS 18.9 18.5 18.5 17.5 -5.2% -7.3%

Securities in issue:Covered Bonds 6 3 6 3 6 3 6 3

€0.64 bln soft mandatory con-vertible bond redeemed in July ‘13Retail bonds replacement rate:100%

~20%

Covered Bonds 6.3 6.3 6.3 6.3EMTN 6.9 7.1 5.8 5.1CD and ECP 0.9 0.8 0.6 0.3Preferred shares 0.3 0.3 0.3 0.3

Repos with CCG 4.4 3.9 5.4 5.5

In October 2013, new issuances: € 1.25 bln Covered Bond € 0.75 bln EmtnRepos with CCG 4.4 3.9 5.4 5.5

5* Bonds placed on third party banks networks

Securities in issue: maturity profile

Network BanksUBI Banca and former Centrobanca*

(Nominal amounts in € bln, netted of bond repurchases)

Ordinary customersRetail bonds

3.012.83

8.36

Cash redemption of € 639 mln soft mandatory bond on10th July ’13 (5.75% annual gross coupon)

Matured (€ bln) 1Q13 2Q13 3Q13

1.355.60

3.55 2.110.35

4Q13 2014 2015 2016 and following

Matured (€ bln) 1Q13 2Q13 3Q13

UBI Banca and former Centrobanca 0.14 0.04 0.74Network Banks 1.19 1.16 1.40

following

EMTN Covered Bonds**

I S t ‘13 f L Ti 2 h d f € 70 4

(Nominal amounts in € bln, excl. preference shares for € 0.3 bln)October 2013 issuances

(see annex 3 for detail)

Institutional investorsEMTN and Covered Bonds

2.08

0.03

0.05

0.551.80

In Sept ‘13, former Lower Tier 2 repurchased for € 70.4mln (out of € 182 mln, at 93%). Subordination clauseeliminated on remaining outstanding bonds

Matured (€ bln) 1Q13 2Q13 3Q13

1.250.75

1.6008

0.970.10 0.05 0.16 0.03

1.801.05 0.05 1.05

1.11

4Q13 2014 2015 2016 2017 2018 2019 2020 and

Matured (€ bln) 1Q13 2Q13 3Q13

EMTN 1.42 - 0.72Covered bonds - - -

6

and following

* Extra-captive: bonds placed on third party banks networks** Inclusive of € 0.5 bln of private placement with BEI expiring in 2022. Further € 0.75 bln retained issue not included

Italian Govies proprietary portfolio stable QoQ at around € 19.5 billion

I € l IAS l

Financial assets: total portfolioItalian Govies portfolio breakdown: 30 September 2013

In € mln, IAS values

Debt instruments 20,188 20,713 20,608of which: Italian Govies 17,966 19,545 19,445

31 Dec 12 30 June 13 30 Sept 13

HFT (Held for trading)

€ 19.4 bln, IAS values

15%Equity instruments* 390 345 275

Units in O.I.C.R.** 217 220 220

Others*** 588 484 474 HTM (Held to maturity)AFS (Available for sale)

16%

69%

Total 21,383 21,763 21,576

AFS Reser e e ol tion on Italian Go ies

30 Sept 11 31 Dec 12 30 Sept 13 11 Nov 13 0.2 2013

AFS Reserve evolution on Italian Govies(€ mln)

Maturity Profile(market values, € bln)

(868)(589) (404)

(230)

2.7

1.6

5.8 2.8 3.2

2018-2021

2016-2017

2014-2015

(868)3.1 Over

Reference for EBA capital exercise as

at 8th Dec 2011Modified Duration of Italian Govies portfolio: 0.9 years

* Progressive sale of the stake in Intesa Sanpaolo: in 3Q13, 63.6 mln shares sold (in addition to 33.4 mln in 1H13). At the end of Sept’ 13,UBI held 0.11% of Intesa Sanpaolo ordinary share capital

** Collective investment units *** Others: financial derivatives and financing7

Net Profit: € 49 mln in 3Q13, €102 mln in 9M13

MAIN INCOME STATEMENT ITEMSFigures in € mln 9M12 9M13 % change 3Q12 2Q13 3Q13 % YoY % QoQ

Net interest income 1,446 1,291 (10.7%) 466 428 446 (4.4%) 4.2% Net commission income 872 888 1.9% 286 297 286 0.1% (3.9%) Net result from finance 148 168 13.6% 43 67 59 37.7% (12.3%) Other income items 170 138 (18.4%) 46 59 43 (6.4%) (27.5%)

Operating income 2,635 2,486 (5.7%) 841 852 834 (0.8%) (2.2%) Staff costs (1,037) (974) (6.1%) (349) (315) (328) (5.9%) 4.2%

Other administrative expenses (514) (494) (3.8%) (161) (174) (159) (1.7%) (8.6%)

Net impairment losses on property, equipment and investment property and intangible assets (142) (135) (4.6%) (46) (45) (45) (2.4%) (1.0%)

Operating expenses (1,693) (1,603) (5.3%) (556) (534) (532) (4.4%) (0.4%)

Net operating income 943 883 (6.4%) 285 319 303 6.1% (5.1%)

Net impairment losses on loans (495) (577) 16.6% (160) (226) (193) 20.2% (14.8%)

Net impairment losses on other assets and liabilities (51) (22) (56.1%) (1) (9) (5) n.s. (44.1%)

Net provisions for risks and charges (21) (14) (31.2%) 0 (9) (3) n.s. (70.6%)

Profits from disposal of equity investments 9 0 (97.9%) 9 2 (1) n.s. n.s.

Pre-tax profit from continuing operations 385 270 (30.0%) 132 76 101 (23.6%) 32.9%

Taxes on income for the period from continuing operations (139) (150) 7.8% (63) (47) (46) (25.7%) (0.1%)

Profit for the period attributable to non-controlling interests (16) (18) 16.2% (1) (3) (6) n.s. 81.5% o t o t e pe od att butab e to o co t o g te ests ( 6) ( 8) ( ) (3) (6)

Profit for the period attributable to the shareholders of the Parentbefore charges for exit incentives impairments on goodwill andintangible assets

231 102 (55.8%) 69 26 49 (28.5%) 85.1%

Charges for exit incentives (8) n s (5) n s n s(net of tax and non-controlling interests) (8) - n.s. (5) - - n.s. n.s.

Profit for the period 223 102 (54.2%) 63 26 49 (22.5%) 85.1%

Profit for the period NET OF NON-RECURRING ITEMS 180 74 (58.8%) 60 33 22 (63.2%) (33.6%)

8Net interest income and other income items have been restated to include in the latter all credit-related fees, according to newBank of Italy regulations Further detail on non-recurring items in annex 7

Net Interest Income: +4.2% 3Q/2Q13 (+2.6% 2Q/1Q13) Positive 2013 QoQ trend is confirmed thanks mainly to optimisation of fundingPositive 2013 QoQ trend is confirmed thanks mainly to optimisation of funding and notwithstanding lending evolution and low market rates

Net Interest Income (Quarterly Evolution)Net Interest Income (Yearly Evolution)

466 446

(€ mln) +4.2%-10.7%

466417 417

428446

3Q12 4Q12 1Q13 2Q13 3Q13

1,4461,291

9M12 9M13 3Q12 4Q12 1Q13 2Q13 3Q13

Euribor and Customer spread evolution*

9M12 9M13

3Q12 2Q13 3Q13 3Q13 2Q13 3Q13 3Q12

Progressive improvement inQoQ spread is compensatinglower lending volumes

3Q12 2Q13 3Q13 3Q13 vs 2Q13 3Q13 vs 3Q121M Euribor  0.17% 0.12% 0.13% +1 bp  ‐4 bps

 Customer Spread  1.62% 1.61% 1.68% + 7 bps + 6 bps

Mark Up 2.91% 2.81% 2.80% ‐1 bp ‐11 bps

Mark Down by type of funding (stocks)

o e e d g o u es Mark Up  2.91% 2.81% 2.80% 1 bp 11 bps

Mark Down ‐1.29% ‐1.20% ‐1.12% + 8 bps + 17 bps

3Q12 2Q13 3Q13 3Q13 vs 2Q13 3Q13 vs 3Q12Sight Deposits ‐0.33% ‐0.27% ‐0.22% + 5 bps + 11 bpsTerm Deposits ‐3.13% ‐2.84% ‐2.62% +22 bps +51 bpsRetail Bonds ‐1.76% ‐1.54% ‐1.49% + 5 bps  +27 bpsInstitutional Bonds ‐1.98% ‐1.76% ‐1.77% ‐1 bp +21 bps

9* Average Period Data, stocks referred to the whole Group

p p

Net Commission Income. Positive 9 month progression: +1.9% YoY3Q13 influenced by seasonality vs. 2Q13 (-3.9%) but in line with vs. 3Q12 (+0.1%)

872 888 297+1.9%

(€ mln)-3.9%(€ mln)

872 888 287 286 286

9M12 9M132Q12 2Q13 3Q12 3Q13

Net Commission Income€ mln 9M12 9M13 % YoY

Guarantees (commissions on State guaranty bonds) (31.0) (34.8) 12.2%

BANKING RELATED COMMISSIONS 501 3 482 7 3 7% Banking related commissions affected

Excluding fee expense on State guarantybonds, Net Commission Income up by +2.2% 3Q12 2Q13 3Q13

% 3Q13 vs.

3Q12

% 3Q13 vs.

2Q13

(11.8) (11.6) (11.7) -0.7% 1.1%

168 7 159 0 157 9 6 4% 0 7%BANKING RELATED COMMISSIONS 501.3 482.7 -3.7%

of which:Guarantees (bank ing activity) 37.0 36.9 -0.4%

Collection and payment services 78.4 79.8 1.8%

Services for factoring transactions 19.4 17.9 -7.8%

Banking related commissions affectedby trends in lending (among Otherservices, commitment fee is down byapprox. € 10 mln)

168.7 159.0 157.9 -6.4% -0.7%

11.5 10.4 11.6 1.2% 11.3%23.7 27.3 26.4 11.7% -3.0%

6.2 5.9 5.5 -10.9% -5.8%

Current accounts management 157.5 151.1 -4.1%Other services 209.0 197.0 -5.7%

MANAGEMENT, TRADING & ADVISORY SERVICES 401.3 440.2 9.7%

of which:

Management, trading and advisoryservices fees benefit from better portfolio

t lt th l t f iti

53.5 50.8 52.2 -2.5% 2.8%73.8 64.7 62.2 -15.7% -3.9%

128.7 150.0 139.6 8.5% -6.9%*

Portfolio management 169.6 174.2 2.7%Placement of securities 102.3 125.7 22.8%Third party services distribution 101.1 114.3 13.1%

TOTAL 871.6 888.1 1.9%

mgmt results, the placement of securities(particularly UBI Pramerica Sicavproducts) and successful distribution ofthird party services (especially insuranceproducts)

56.6 58.8 58.8 3.9% 0.0%

29.7 43.8 33.8 13.6% -22.9%33.7 38.4 39.0 15.8% 1.5%

285.5 297.5 285.9 0.1% -3.9%

10* Includes FX negotiations

Discipline in cost containment persists: - 5.3% YoY (-0.4% 3Q/2Q13)Total Operating Costs Evolution:

2.4%1,693 1,603-5.3%

D&A

Total operating costs

p gSolid Track Record

(€ mln)

-1.8%

FY08/FY07 FY09/FY08 FY10/FY09 FY11/FY10 FY12/FY11 9M13/9M12514 494

142 135-3.8%

-4.6%Other Adm.Expenses

(incl. PPA*)

-3.7% -3.2%

-5.1% -5.3%1,037 974-6.1%

Staff costs

9M12 9M13

(€ mln)

5563Q12

Total operating costs

331

3491Q13

3Q12

Staff costs

162

1611Q13

3Q12

Other Adm. Exp.

343 175FY12 avg.

FY12 avg. FY12 avg.

( )

532

534

538556

3Q13

2Q13

1Q13

3Q12

328

315

331

3Q13

2Q13

1Q13

159

174

162

3Q13

2Q13

1Q13567

5323Q13

Structural drop confirmedBenefits from Nov12/Feb13 trade union agreement2Q13 benefited from the release of

Quarterly costs anyway below2012 average2Q13 included commercial campaigncosts (mortgage loans for young couples

11* PPA effect amounted to € 15.1 mln in 9M12 and to € 15.3 mln in 9M13

provisions costs (mortgage loans for young couplesand start up businesses financing)

Lower growth in deteriorated loans stocks in 9M13 vs 9M12 (1.4 bln vs 1.8 bln)

Gross deteriorated loans amount (€/mln)

- STOCKSLower increase in deteriorated loans stocks in

+€1.4 bln+€1.8 bln

8,589 9,107 9,454 10,343 10,958 11,457 11,840 12,367Lower increase in deteriorated loans stocks in9M13 vs 9M12: €1.4 bln vs €1.8 blnQuarterly CAGR 4.1% in 9M13 vs 6.4% in 9M12

- INFLOWS (9M13 vs 9M12):

Dec '11 Mar '12 June '12 Sept '12 Dec '12 Mar '13 June '13 Sept '13

+3.8%

+9.4%+6.0%

+4.5%+3.3%

INFLOWS (9M13 vs 9M12):All riskier categories of deteriorated loans showa DECREASE in new inflows from performingloansPast due loans show higher inflows however

+6.0%+4.4%

Inflows from performing loans to deteriorated loans (€/mln) INFLOWS (€/mln) FROM PERF

ast due oa s s o g e o s o e emitigated by higher outflows to performingloans (€433 mln vs €258 mln)

1 317Non Performing(“Sofferenze”)

INFLOWS (€/mln) FROM PERF. LOANS TO:

23593

€3.06 bln€2.99 bln

-60.5%

1,2421,148811

1,020 1,1581,317

1,069 967 1,028

1,497 1 814

+25.8% +13.5% +13.7% Past due

Impaired(“Incagli”) -7.6%

+21.2%

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

1,814 -18.9% -9.5% 16 9

9M12 9M13

Restructured

+6.4%+21.2%

-44.2%

12

Asset Quality: trends in stated coverage reflect higher level of collateralised deteriorated loans, low LTV on top of write-offs and disposals

Coverage

30 Sept '13pro forma NPLs disposal 30 Jun '13 30 Sept '13

30 Sept '13including

Stated including write-offs

Total deteriorated loans 26.31% 25.86% 35.44% 26.45% 35.89%NPLs (sofferenze) 41.78% 41.30% 55.57% 42.28% 56.12%

Coverage 30 Jun 13 30 Sept 13 including write-offs

Highly provisioned NPLs disposals:

• 9M13: €107.3 mln covered at ~95%

• 2012: € 108 2 mln covered at ~96%Impaired loans (incagli) 14.07% 14.03% 14.03% 14.03% 14.03%Restructured loans 14.45% 15.28% 15.28% 15.28% 15.28%Past due loans 3.23% 3.06% 3.06% 3.06% 3.06%Performing loans 0.56% 0.57% 0.57% 0.57% 0.57%

• 2012: € 108.2 mln covered at 96%

• 2011: € 219.4 mln covered at ~98.5%

• …

g

type of prevailing guarantee:well over 60% of loan portfolio

conservative loan to value***:Stocks

Coverage of non collateralised p

assisted by collateral (mainly real estate)*

Deteriorated Performing

57.4%44.8%> 60%Total loan book

Italian banking system** ~45%

Fair value updated every 6 months

deteriorated loans (including write-offs for non

performing loans)

65 8%I i d l

Retail

60%

21 3%I i d l

61.4%

65.8%

NPLs

Impaired loans

Corporate

51.8%42.8%

Italian banking system** 41%

71.8%

21.3%

NPLs

Impaired loans

13*Adding up personal guarantees, over 77% of the portfolio is secured **Source: Bankit-Bollettino Statistico II/2013, tables TDC30136 and TDC30033*** Arithmetic mean

CorporateManagement data, figures as at Sept’13, unless otherwise stated

Annualised Cost of Credit at 86 bps vs. 70 bps in 2012

(€ mln)Impairment Losses on Loans Impairment Losses on Loans (quarterly evolution)

(€ mln)

160

353

158226 193

495 577

160 1583Q12 4Q12 1Q13 2Q13 3Q13

Total customer loans (bln€)

Cost of credit

94.8 92.9

68 152*

92.3

68

9M12 9M1391.3

99

89.8

86Cost of credit(bps annualised)

68 152* 68

Of which, Breakdown of Analytical Impairment

99 86

‐245 523Q13

y p(€ mln)

414

‐230

‐281

40

75

69

4Q12

1Q13

2Q13

‐202

‐414

40

40

3Q12

4Q12

Write downs Write backs **Write downs Write backs

14* Including Bank of Italy inspection ** Writebacks net of time reversal: €143 mln in 9M12, €133 mln in 9M13, € 26mln in 3Q12 and €33 mln in 3Q13

Outlook for 4Q2013

The weak performance of the Italian economy is forecast to continue again in the lastquarter of 2013quarter of 2013

As concerns the UBI Group, a further slight improvement is expected in net interestincome under current market conditions. This is due, amongst other things, to abalanced financial structure which has allowed pursuit of an attentive policy to managethe more expensive and less stable components of funding

Good performance is expected by fee and commission income which will benefit Good performance is expected by fee and commission income, which will benefit,amongst other things, from the performance fees of the asset management company

Containment of operating expenses is confirmed year on year

Recent developments on financial markets allow a positive forecast to be made for theGroup finance results in the fourth quarter which should substantially offset the higherloan loss provisions resulting from the delay in the economic recoveryloan loss provisions resulting from the delay in the economic recovery.

15

Annexes

16

Reclassified balance sheet: highlightsAnnex 1

Financial assets (AFS, HFT, FV, HTM) 20,003 21,383 21,763 21,576 7.9% -0.9%

30.09.2013 % quarterly change

MAIN ASSETS ITEMSFigures in millions of euro

% annual change30.09.2012 31.12.2012 30.06.2013

Loans to customers 94,843 92,888 91,268 89,846 -5.3% -1.6%

Property, equipment and investment property 1,973 1,967 1,922 1,909 -3.3% -0.7%

Intangible assets 2,962 2,965 2,946 2,938 -0.8% -0.3%

of which: goodwill 2,539 2,537 2,537 2,537 -0.1% 0.0%

Tax assets 2,526 2,628 2,393 2,386 -5.5% -0.3%

Other assets 1,139 1,060 1,543 940 -17.5% -39.1%

Total assets 132,103 132,434 127,930 125,002 -5.4% -2.3%

30.09.2013 % quarterly change

MAIN LIABILITIES AND EQUITY ITEMSFigures in millions of euro

% annual change30.09.2012 31.12.2012 30.06.2013

Net interbank position* 9,479 9,139 10,250 10,948 15.5% 6.8%

Due to customers 56,356 53,758 52,843 51,223 -9.1% -3.1%

Securities issued 43 908 45 059 43 501 41 546 5 4% 4 5%

changeg change

Securities issued 43,908 45,059 43,501 41,546 -5.4% -4.5%

Tax liabilities 632 666 537 620 -2.0% 15.4%

Net worth attributable to the Parent 9,401 9,655 9,809 9,907 5.4% 1.0%

N t lli i t t 885 839 832 838 5 4% 0 7%Non-controlling interests 885 839 832 838 -5.4% 0.7%

Profit for the period 223 83 53 102 -54.2% 92.6%

Total liabilities and equity 132,103 132,434 127,930 125,002 -5.4% -2.3%

17* Including €12 bln LTRO

Ratios as at 30 September 2013: Core Tier 1 at 12.53%, Tier 1 at 13.16% and Total Capital Ratio at 19.30%

Annex 2

p

Potential dividend included pro-rata

Figures in millions of euro31 Dec 2012 Basel II AIRB

30 June 2013Basel II AIRB

30 Sept 2013*Basel II AIRB

Tier 1 (before filters) 8 124 2 8 160 4 8 204Tier 1 (before filters) 8,124.2 8,160.4 8,204Preference shares, minorities saving and priv. shares net of grandfathering

382.9 382.9 382.9

Tier 1 capital filters -30.5 -25.0 -14.9 Tier 1 (after filters) 8,476.6 8,518.3 8,571.5

Increase from June ‘13 followingadoption of AIRB model on RetailCredit Risk

Deductions from Tier 1 -212.9 -578.0 -638.0

of which: negative elements for 50% deduction excess of expected losses over impairment losses

-71.6 -370.4 -424.2

Tier 1 after filters and specific deductions 8,263.7 7,940.3 7,933.5Supplementary capital after filters 4,310.5 4,270.8 4,299.2

Deductions from supplementary capital -212.9 -578.0 -638.0 of which: negative elements for 50% deduction excess of expected losses over impairment losses

-71.6 -370.4 -424.2

S l t it l ft filt d ifi d d ti 4 097 7 3 692 8 3 661 2Supplementary capital after filters and specific deductions 4,097.7 3,692.8 3,661.2Deductions from Tier 1 + supplementary capital -157.8 - -

Total supervisory capital 12,203.6 11,633.2 11,594.7Credit risk prudential requirements 5,611.6 4,518.6 4,342.0Market risk 78 3 63 5 59 5Market risk 78.3 63.5 59.5Operational risk 437.3 421.0 421.0

Total prudential requirements 6,127.1 5,003.1 4,822.6

Tier III subordinated liabilitiesComputable value 55.9 45.3 42.5p

Risk weighted assets 76,589 62,539 60,282

Core Tier I after deductions from Core capital 10.29% 12.08% 12.53% Tier I 10.79% 12.70% 13.16% Total capital ratio 16 01% 18 67% 19 30%

In 4Q13, updating of PD and LGDhistorical data

18* AIRB models both on network banks’ Corporate and Retail Credit Risk are applied as from June 2013. In Dec ’12 AIRB models were applied only in the calculation of network banks’ Corporate Credit Risk. Data as at 30th September 2013 reported on a basis comparable with December 2012 and June 2013.

Total capital ratio 16.01% 18.67% 19.30%

Annex 3

New issuances in October: EMTN and Covered Bond issuances

€ 750 mln 3.5 year senior unsecured issued in October 2013, fixed rate 2.75%

EMTN

€ 1.25 bln 7 year covered bond issued in October 2013, fixed rate 3.125%

COVERED BOND

in October 2013, fixed rate 2.75% October 2013, fixed rate 3.125%

Italian Italian

Allocation by Geography

Investors, 34%

Italian Investors,

40%

GeographyForeign

Investors, 66%

Foreign Investors,

60%

I Oth 5%

Allocation by

Insurances and Pension Funds, 15%

Other, 5% Insurances and Pension Funds, 19%

Other, 3%

Investor TypeFund

Managers, 65%Banks, 15%

Fund Managers,

60%Banks 18%

19

65%Banks, 15% 60%Banks, 18%

Annex 4

As at end October 2013, total eligible assets amount to € 33.7 bln.Unencumbered eligible assets at € 17.3 bln, representing a broad liquidity bufferg , p g q y

%Eligible assets breakdown

Italian Govies

Gov. Guaranteed bonds

Retained securitisations

~58%~17%

~13%

Eligible assets pool*:

€ 33.7 bln(net of haircut)

of which

Retained covered bonds

Other (ABACO)

~7%

~5%

(net of haircut)

Unencumberedeligible assets:

€ 17.3 bln

~ 40% of short term deposits

Eligible assets l d d f LTRO *

High-quality available assets

guarantee pledged for LTROs*:

€ 12.2** blnimmediate access to liquidity

Eligible assets used in CCG repos:

€ 4.2 bln

20* € 6 bln of LTRO were taken in December 2011, further € 6 bln in February 2012 ** Including among others interest expense accrued

Securities Portfolio Details* Annex 5

Composition of the portfolio 30.09.2012 31.12.2012 30.06.2013 30.09.2013

Government bonds 89.5% 91.1% 92.9% 92.9%

Corporate bonds (mainly bank issues) 9.2% 7.7% 6.0% 6.0%

Hedge funds 0.7% 0.6% 0.6% 0.6%

BY TYPE OF FINANCIAL

INSTRUMENT g

Funds and shares 0.6% 0.6% 0.5% 0.5%

Floating rate** 27.9% 26.0% 21.1% 27.4%

INSTRUMENT

Fixed rate 66.8% 69.0% 74.1% 67.7%

Structured securities 4.0% 3.8% 3.7% 3.8%

Shares, funds, convertible bonds 1.4% 1.2% 1.1% 1.2%

BY FINANCIAL PROFILE

Securities in euro 99.5% 99.5% 99.6% 99.6%

Securites of the euro area 97.9% 98.1% 98.6% 98.6%

BY CURRENCY

BY GEOGRAPHICAL

USA securities 1.2% 1.1% 1.0% 1.0%

Investment grade 97.9% 98.0% 98.4% 98.9%

BY GEOGRAPHICAL DISTRIBUTION

BY RATINGS (BONDS)Average rating Baa1 Baa1 Baa1 Baa2

BY RATINGS (BONDS)

21* Analysis refers to a portfolio which excludes participations, some smaller portfolios and derivatives** Fixed rate securities with asset swaps are considered as floating rate securities; securities in asset swap represent 83%

of floating rate securities as at 30 September 2013

Asset Quality detailsAnnex 6

LOANS TO CUSTOMERS - AS AT 30 SEPTEMBER 2013GROSS EXPOSURE IMPAIRMENT

LOSSES € mln€ mln %* CARRYING AMOUNT COVERAGE

RATIO %€ mln %*

NPLs (Sofferenze) 6.11% 2,361IMPAIRED LOANS (Incagli) 5.36% 703RESTRUCTURED LOANS 0.73% 105PAST DUE 1 02% 29

3.73%3,355 41.30%4.79%4,307 14.03%0.65%580 15.28%1 03%926 3 06%

5,7165,010

685956PAST DUE 1.02% 29

TOTAL DETERIORATED LOANS 13.22% 3,198

1.03%926 3.06%

10.21%9,169 25.86%TOTAL PERFORMING LOANS 86.78% 466 89.79%80,677 0.57%

TOTAL LOANS TO CUSTOMERS 100% 3 664 100%89 846 3 92%

956

12,367

81,143

93 10

LOANS TO CUSTOMERS - AS AT 30 JUNE 2013GROSS EXPOSURE IMPAIRMENT CARRYING AMOUNT COVERAGE

TOTAL LOANS TO CUSTOMERS 100% 3,664 100%89,846 3.92%93,510

GROSS EXPOSURE IMPAIRMENT LOSSES € mln

NPLs (Sofferenze) 5.88% 2,331IMPAIRED LOANS (Incagli) 4.90% 654

€ mln %* CARRYING AMOUNT

3.56%3,249 41.78%4.38%3,994 14.07%

COVERAGE RATIO %

5,5804 648

€ mln %*

IMPAIRED LOANS (Incagli) 4.90% 654RESTRUCTURED LOANS 0.73% 100PAST DUE 0.97% 30

TOTAL DETERIORATED LOANS 12.48% 3,115

4.38%3,994 14.07%0.65%591 14.45%0.97%891 3.23%

9.56%8,725 26.31%

4,648691921

11,840TOTAL PERFORMING LOANS 87.52% 468 90.44%82,544 0.56%

TOTAL LOANS TO CUSTOMERS 100% 3,583 100%91,269 3.78%

83,012

94,852

22* As a percentage of total loans

9M13 non-recurring items: detailAnnex 7

Post tax contribution of non-recurring items to net profit of the period (in € mln)

2013Disposal of

equity stakes (mainly Intesa

Impairment losses on AFS stakes and

collective

Earn out from previous equity stake disposal

Write-off of G.E.C. Spa investment

Income from repurchase of

financial

Loss from disposal of equity

i

Total impact of non-recurring

i

Normalised Net Profit

Stated Net Profit( y

Sanpaolo)collective

investment unitsstake disposal (Cerved Group)

Spa investment financial liabilities (EMTN) investment items

Net Profit Profit

1Q13 12.0 (6.0) 1.4 7.4 19.1 26.5

2Q13 1.7 (7.1) (1.3) (6.7) 33.2 26.5

3Q13 28.4 (4.1) 3.2 (0.5) 27.0 22.0 49.0( ) ( )

9M13 42.1 (17.2) 1.4 (1.3) 3.2 (0.5) 27.7 74.3 101.9

P&L reference line

Net result from finance

Net impairment losses on financial

assets and liabilities

Net result from finance

Net impairment losses on financial

assets and net provisions for risks

and charges

Net result from finance

Loss from disposal of equity

investments

(A) (B) (A+B)

2012Disposal of

equity stakes (mainly ARCA)

Staff leaving incentives

Tier 1 tender offer capital gain

Impact on taxes from fiscal regulations

Total impact of non-recurring

items

Normalised Net Profit

Stated Net Profit

Impairment losses on AFS stakes and collective investment units

(mainly Intesa Sanpaolo)

9M12 9.2 (7.9) 15.0 70.5 42.4 180.3 222.8

P&L reference line

Net result from finance and

fit f

Charges for exit incentives

Net result from finance

Taxes on income for the period

(C) (D) (C+D)Net impairment losses on financial assets and liabilities

(44.3)

23

profit from

Indirect Funding EvolutionAnnex 8

In bln€ Sept '12 Dec '12 June '13 Sept '13 Sept '13 vs. June '13

26.6 26.8 27.3 27.8 1.9% AUM (excl.bancassurance)

11.4 11.3 11.4 11.6 1.1%

32.7 32.1 30.2 30.7 1.7%

70 7 70 2 68 9 70 1 1 7%Total indirect funding

( )

BancassuranceAUC

Mix of AuM: breakdown by fund type in UBI Pramerica

70.7 70.2 68.9 70.1 1.7% Total indirect funding

Mix of AuM: breakdown by fund type in UBI Pramerica

30 June 2013 30 Sept 2013

Balanced11%

Bond62%

Balanced14% Bond

59%

Equity13%

CashFlexible

Equity13%

CashFlexible

3%Cash11%

3% Cash11%

3%

24

Source: Assogestioni’s “PATRIMONIO GESTITO*” aggregate

* Customers assets managed to which assets received for management under a mandate from other managers are added and from which assetsentrusted under mandate to other managers are subtracted. With reference to UBI Pramerica, as from June ‘12 Assogestioni includes again in thisaggregate the amounts managed by third parties, i.e. approx. € 4.8 bln managed by Prudential