THE FINANCIAL REPORT AS AT 30 JUNE

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1 VENETO BANCA: THE BoD APPROVES THE FINANCIAL REPORT AS AT 30 JUNE 2014 Strengthened equity and a growing shareholder base, after conversion of the convertible bond loan (CBL) and the subsequent successful completion of the capital increase. A return to profit was also recorded for the half-year period, with growing volumes and margins. The BIM group was classified under assets from discontinued operations, pursuant to IFRS 5. Strong financial solidity The shareholder's equity of the Group to date including the CBL conversion (30 June) and the successful completion of the capital increase (28 July) stands at Euro 3.76 billion with the CET 1 rising to 10.46%, well above the 8% specified by the ECB. On completion of the sale of the majority stake held by the bank in BIM and in Banca IPIBI, agreed by the Board of Directors on 7 August 2014, the CET 1 will gain another 87 bps, bringing it up to 11.33%. Growth in the number of shareholders, in all regions covered by the Group Following the CBL conversion and the capital increase, the Veneto Banca ownership structure has grown since the beginning of the year by 12,325, reaching 88,033 shareholders, thus widening its reach beyond the Parent Company's traditional area of activity. The total number of shares also rose, reaching 124 million (+21.2 million compared to 2013). BIM group classified under assets from discontinued operations In the financial statements for the first half of 2014, the BIM Group was classified under "assets from discontinued operations", following the decision to sell made by the BoD on 7 August. Pursuant to the IFRS 5 accounting standard, the equity and economic results of the BIM Group are not therefore included in the amounts presented. Comparison with 2013 figures is then on a pro-forma basis: Positive net result Profit of Euro 8.39 million CET 1 rises to 10.46% Gross banking income Euro billion, +3.9% compared to the end of 2013 Direct deposits Euro billion, +6.1% compared to the end of 2013 Indirect deposits Euro billion, +3.6% compared to the end of 2013 Loans Euro billion, +2.0% compared to the end of 2013 Interest margin Euro million, +8.3% compared to the figure at 30 June 2013 Earning margin Euro million, +8.0% compared to the figure at 30 June 2013 Cost of lending Down to 1.22%, compared to 1.43% at the end of 2013 and 1.67% at the end of 2012 Comprehensive value adjustments Euro million against Euro million at the end of June 2013 Cost/Income ratio 1

2 Rises from 66.1% to 61.5%, down 7% compared to the figure for the end of 2013 The Bank of Italy, concluding the routine inspection launched in April 2013, has announced fines for a total of Euro 2.7 million for the Directors and Auditors in office at the time of the inspection. The Board of Directors of Veneto Banca S.C.p.A., having met today chaired by Francesco Favotto, examined and approved the consolidated interim financial report as at 30 June With this interim report, the Veneto Banca group marks a return to profit and closes the reporting period with a positive result of Euro 8.39 million, confirming itself as reactive, and capable of facing the challenges of a very uncertain market with determination announced the Veneto Banca Chairman, Francesco Favotto. In a still fragile economic situation, in a country technically returning to recession after two consecutive quarters with decreasing GDP, our Group has been able to react and achieve very positive results, with completion of a Euro million capital increase in just a month. Thanks to this operation, and the conversion of the CBL, our CET 1 has risen to 10.46%, well above the 8% specified by the ECB. On completion of the sale of the majority stake held by the Bank in BIM and in Banca IPIBI, agreed by the Board of Directors on 7 August 2014, the CET 1 will gain another 87 bps, bringing it up to 11.33%. In the last few days, we have received authorisation from Banca d'italia for the closure of the sanction procedure launched regarding ex-directors and auditors after the inspection findings released in November A chapter has been closed and we can move on with trust and determination: the economic results for the first half of the year, together with the implementation of the plan to strengthen the share capital approved by the previous Board of Directors and confirmed by the present one, allows us, together with the other key European Banking Groups, to approach the coming appointments fixed by the ECB with confidence concluded Mr Favotto. Participation in the capital increase pointed out General Manager Vincenzo Consoli was extraordinary, not only in the North East, the historic foothold of the Parent Company, but across all of the areas in which the company operates, with the entry of 9,520 new shareholders, taking us to over 88 thousand units. This number is even more significant if we consider the uncertain economic situation in the country, and confirms yet again the trust placed in our Bank by investors, which provides additional resources for us to continue supporting our country, our families and our businesses. The results for the first half of the year are encouraging, but there remains an element of uncertainty for 2014 with the promise of a recovery which is not materialising. Continued Consoli Growing direct and indirect deposits confirm the quality of our sales network and the recovery in the earning margin is a positive and fundamentally important sign commented Mr Consoli The 7-percentage-point decrease in cost income during the half year proves that the process of streamlining and increasing the efficiency of the Group, underway for some time now, is the correct approach. The element we should be most proud of, however, is the fact that we have stayed true to our mission as a regional bank, as demonstrated by the increase in loans, which totalled over Euro 25 billion at the end of June. Financial aggregates The Veneto Banca Group has returned to profit, closing the first half of 2014 with a net result of Euro 8.39 million. Gross banking income has reached Euro billion, up 3.9% compared to the figure at the end of

3 Loans came in at Euro billion, 2% growth since 31 December The Veneto Banca Group went against the general trend, which, at the end of June, recorded a decrease in loans to households and businesses of 2.2% on an annual basis. The ratio between net non-performing loans/shareholders equity, decreased from 47.4% at the end of 2013 to 44.8% at the end of June 2014, while the ratio of net non-performing loans to total loans was 5.8% at the end of June compared to 5.7% at the end of December. The coverage ratio of non-performing loans has improved, rising from 44.74% at the end of December 2013 to 44.96% at the end of June 2014 (53.2% including write-offs) In absolute terms, net non-performing loans (excluding BIM) stood at Euro 1.42 billion, up Euro 55 million on the end of The cost of lending shows ongoing improvement, reaching 1.22% at the end of the first half of 2014, lower than 2013 (1.43%) and 2012 (1.67%). Direct deposits are up +6.1% (from Euro 24 billion at the end of 2013 to Euro billion at the end of June 2014). In the first half of the current year, Veneto Banca successfully completed various transactions. In January, a Euro 350 million three-year bond was placed, aimed at qualified institutional investors. In February, the Bank re-opened issuing, collecting a further Euro 150 million. On both occasions, demand was significantly higher than supply. In April, Veneto Banca completed the first securitisation operation of residential loans by a bank on the primary international market since 2011, for Euro 550 million, with demand more than three times higher than supply. In May, a Euro 500 million five-year bond was placed, which again was met with great interest by Italian and European banks and fund managers. Finally, in June, the sale of the senior tranche of the Claris 2011 securitisation took place, generating cash flow of Euro 687 million. Indirect deposits have increased by 3.6% (from Euro to billion). Administered assets, up by 2.8%, were characterised by a reduction in government securities (-13%) and bonds (-3.4%), corresponding with a significant increase in the share segment (+21.9%). On the managed savings front, up 5.4%, funds and SICAVs performed well (+6.6%), along with the lifeinsurance segment (+5.6%), and unlike asset management (-5.2%). Consolidated Group shareholders' equity stood at Euro 3.46 billion at the end of June 2014, up 9.8% compared to the Euro 3.15 billion at the end of Furthermore, following the capital increase successfully completed in just a month, from 26 June to 28 July, shareholders' equity has increased a further 13.7%, reaching Euro 3.93 billion. Regarding capital ratios, the CET 1 ratio of Veneto Banca stood at 8.56% at the end of June, well above the 8% specified by the European Central Bank, while the total capital ratio was 10.2% These ratios have now risen to 10.46% (CET 1) and 12.07% (total capital ratio), thanks to the successful completion of the capital increase, and are expected to improve by a further 0.87% with the sale of the majority stakes held by the bank in BIM and Banca IPIBI. The ownership structure has grown since December In June 2013, after the CBL conversion, there were 78,615 shareholders and, today, after the capital increase, there are 88,033: +12,325 new shareholders compared to the end of Economic results The Veneto Banca group has returned to profit, closing the first half of 2014 with a net result of Euro 8.39 million. 3

4 The interest margin shows growth of 8.3% year on year: from Euro million at 30 June 2013 to Euro million at the same date this year. Net commissions also show a positive trend, rising in the same period from Euro million to Euro million (+7%) The earning margin is up by +8%, going from Euro million to Euro million. Operating expenses have remained largely stable: the figure of +0.1% is for the most part due to a +8.6% increase in administrative expenses, while the cost of personnel and write-downs of tangible and intangible assets have decreased by -4% and -2.9%, respectively. There has been a decrease in total value adjustments, which came to Euro million, as compared with the Euro million of June 2013 (-12.5%), with a positive effect on the annualised cost of lending, which fell to 1.22%. This acted as confirmation of the excellent management of this area by the bank, despite the constant growth in loans, demonstrating the Bank's continuing proximity to the real economy. Finally, the improvement in the cost-income ratio should be highlighted: in June this stood at 61.5%, representing a 7% decrease on the figure at the end of 2013 (66.1%). The corporate reorganisation After the merger by incorporation of Banca Italo-Romena, which took place at the end of May, the process of rationalisation and reorganisation of the Group continues, with the objective of further increasing efficiency, both in terms of the Central Management and across the Network. * * * On 15 April 2013, the Bank of Italy launched a routine inspection, aimed at evaluating the suitability of the credit-risk government, management and control system, which concluded on the 9 August The findings of the inspection were presented on 6 November 2013, with reference to a number of notifications and criticisms regarding structure and internal controls, as well as claimed violations of the provisions of the Consolidated Law on Banking, the Supervisory Body launched a sanction procedure regarding the Directors and Auditors in office at the time the facts covered by the inspection occurred. On 3 January 2014, holding the claims to be unfounded, Veneto Banca and the individual company representatives then in office, sent their pleadings regarding the matter to the Bank of Italy. The procedure came to a close on 5 August 2014, and on 18 August a total of Euro 2,774, in fines was announced regarding the Directors and Auditors in office at the time when the events subject to sanctions occurred. In compliance with European Community Directive 2004/109/EC (the "Transparency Directive") and Consob Regulation 11971/1999, the consolidated interim financial report will be published in accordance with the terms of law and is available for consultation on the website under the section "Documenti societari" (corporate documents). * * * * * 4

5 Mr Stefano Bertolo, Executive Appointed for the preparation of the company accounts of Veneto Banca s.c.p.a, declares, in accordance with Art. 154-bis, paragraph 2, of Italian Legislative Decree 58 of 24 February 1998, that the accounting disclosure contained in the present document corresponds to the documentary evidence, and to the accounting books and records. * * * * * Press contacts Veneto Banca Mirella Piva mirella.piva@venetobanca.it Community Group Auro Palomba auro.palomba@communitygroup.it