Project PRIMO Sales of performing mortgage portfolio and/or branches Teaser

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1 Project PRIMO Sales of performing mortgage portfolio and/or branches Teaser Tavagnacco 8 April 2016

2 Disclaimer All information estimates assumptions projections contained in this presentation are based on publicly available documents and data; such informative set is supplied merely to the purpose of preliminary discussions of the issues addressed herein and the related possible project. Hypo Alpe-Adria-Bank S.p.A. is not liable as to accuracy completeness and correctness of the above-mentioned data although it has used all due attention and care in setting up and reporting information and estimates contained in this presentation. Therefore Hypo Alpe-Adria-Bank S.p.A. shall not have any responsibility whatsoever direct or indirect and does not make any representation or warranty express or implied with reference to any information contained in this document; similarly Hypo Alpe- Adria-Bank S.p.A. disclaims any and all liabilities for any decision about the issues addressed herein or about the implementation of the related possible project. This document does not constitute or contain investment advice. It is not and shall not be construed as an offer invitation recommendation or solicitation to sell issue purchase or subscribe for any securities in any jurisdiction or to enter into any transaction. This document and the information herein is connected with the above mentioned preliminary discussions. 2

3 Executive Summary Hypo Alpe Adria Bank S.p.A. ( HAAB or the Bank ) headquartered in Tavagnacco (Udine Italy) and 99.9% owned by the Republic of Austria through the Austrian stock company HBI-Bundesholding AG is a bank regulated by the Bank of Italy and operating under a relevant banking license The Bank intends to divest: its entire performing mortgage portfolio of approx. 160 million (the Mortgage Portfolio ). All loans in the Mortgage Portfolio were performing as of 29 February 2016 and/or all its 26 branches (the Branches ) located in Northern Italy of which: 6 in Friuli Venezia Giulia 10 in Veneto 9 in Lombardia 1 in Emilia Romagna in an open transparent unconditional and non-discriminatory sales process (the Sale Process ) Expressions of interest and non binding offers should me made in respect of either: 100% or less of the Branches (including or excluding the Mortgage Portfolio) or the entire Mortgage Portfolio Indicative Timeline and Key Milestones Phase 1 Phase 2 13 May 2016: Expression of Interest 26 April 2016: info pack 27 May 2016: Non Binding Offer Shortlisting: [+2 wks ] Binding Offer: [+3 wks] Data Room Access Winner selected: [+1 wk] Signing / closing: [+3 wks] 3

4 Key relevant data Branches 26 Branches located in Northen Italy Selling perimeter is the «banking business» (leasing business is excluded) with all employees Total banking volumes as of 29 February 2016 amount to Euro of which: Euro of deposits Euro of AUM Euro of Loans o/w Euro [ ] of Performing Loans 4 of 26 branches are on properties of Hypo Alpe-Adria Bank Italy the remaining 22 are on rental contracts Mortgage portfolio Performing Mortgage Portfolio highlights as of 29 February 2016: Total Oustanding Balance: Euro accounts Residential Mortgage Portfolio: Euro (59%) Commercial Mortgage Portfolio: Euro (41%) Average LTV: 29.7% Average ticket: Euro Floating rate loans: Euro (99.3%) Average spread: 1.62% Portfolio WAL: 109 months Seasoning: 84 months Geo breakdown: North Italy 99.9% First lien: 94.2% Type of borrower: private individuals Euro (49.4%) Employees (former included): Euro (10.1%) 4

5 The Branch Network at a glance as of February Branches location (#) Employees (#) Clients (#) Friuli VG Veneto Ovest Lombardia Est Veneto Est Lombardia Ovest Friuli VG Veneto Ovest Lombardia Est Veneto Est Lombardia Ovest Deposits ( /m) AUM ( /m) Loans to customers ( /m) (o/w performing mortgages portfolio) (43.788) (27.852) 277m (23.087) (28.687) (34.063) 5

6 The Mortgage Portfolio at a glance Residential Mortgages Key relevant data of the Residential Portfolio Outstanding Balance: Euro (59%) Number of Contracts: Average Ticket: Euro Floating Rate portfolio: Euro (991%) Average Spread: 1.50% Fixed Rate portfolio: Euro (0.9%) Average Rate: 1.41% Average Current LTV: 30.3% Geographical distribution Region Outstanding Euro Lombardia Veneto FVG Toscana Emilia Romagna Liguria Piemonte other total Concentration Average Residual Maturity (months): 114 Residential Outstanding Euro % of total outstanding top % top % top % 6

7 The Mortgage Portfolio at a glance Commercial Mortgages Key relevant data of the Commercial Portfolio Outstanding Balance: Euro (41%) Number of Contracts: 270 Average Ticket: Euro Floating Rate portfolio: Euro (99.7%) Average Spread: 2.15% Fixed Rate portfolio: Euro (0.3%) Average Rate: 1.99% Average Current LTV: 26.7% Average Residual Maturity (months): 87 Region Outstanding Euro Veneto Lombardia FVG Piemonte Toscana Emilia Romagna Liguria total Commercial Geographical distribution Concentration Outstanding Euro % of total outstanding top % top % top % Industry distribution Industry Outstanding Euro Real estate constructions Other real estate Services to families Hotels Retail distribution Wholesale distribution Restaurants Leather Mechanics Metals Specialised manufacturing Furnitures Advertising & market research Agriculture Others total

8 Contacts ( ) ( ) Banca IMI S.p.A. Piazza Belgioioso Milan (Italy) 8