Contents 1. Highlights as at 31st March Consolidated results 3. Important events as at 30th April 2016

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2 Contents 1. Highlights as at 31 st March Consolidated results Important events as at 30 th April The structure of the Group and its national and international presence The Corporate Governance Model Organisation chart of the Parent Our customers and our products and services

3 1. Highlights as at 31 st March 2016 UBI Banca - Unione di Banche Italiane is the third largest commercial banking group in Italy by stock market capitalisation. The Group was formed on 1 st April 2007 from the merger of the expertise and experience of the BPU Group Banche Popolari Unite and that of the Banca Lombarda e Piemontese Group. On 10 th October 2015, in compliance with the law, a Shareholders Meeting resolved to transform UBI Banca into a joint stock company. Since 12 th October 2015, the date on which the resolution was filed with the Bergamo Company Registrar, UBI Banca has been an S.p.A. (a joint stock company). The Group employs a federal model of organisation with eight network banks and a broad range of product companies under the leadership of UBI Banca, listed on the Mercato Telematico Azionario (MTA - electronic stock exchange) of Borsa Italiana. Income statement figures as at 31 st March million profit for the period attributable to the shareholders of the Parent 773 million of operating income A dividend of 11 eurocent per share, related to year 2015, resolved in the shareholders general meeting and paid in May 2016 Balance sheet figures 84 billion of loans (loans and advances to customers) 90 billion of direct funding from customers 117 billion of total assets Ratings and capital ratios Ratings: S&P: BBB-/A-3/Stable; Moody s: Baa1/Prime-2/Stable; Fitch: BBB/F3/Negative; DBRS: BBB (high) / R-1 (Low) / Stable Sound capital ratios (Common Equity Tier 1 ratio phased in: 12.07%; Total Capital Ratio phased in: %) Market data approximately 3.5 million customers, mainly retail a national market share of approximately 5.2% in terms of branches. The Group also has market shares of around 12.9% in Lombardy, 6.9% in Piedmont and substantial market presences in central and southern Italy (Bank of Italy data as at ) Human resources and distribution network 17,511 human resources in the workforce as at 31 st March ,531 branches of which 749 in Lombardy and 167 in Piedmont, and six abroad branches in addition (as at 30 th April 2016) 3

4 2. Consolidated results as at 31 st March MAIN INCOME STATEMENT ITEMS - Figures in thousands A B % Net interest income ,0% Net fee and commission income ,2% Operating income ,7% Staff costs ( ) ( ) -4,5% Other administrative expenses ( ) ( ) 16,1% Depreciation, amortisation and net impairment losses on property, plant and equipment and intangible assets (36.042) (38.498) -6,4% Operating expenses ( ) ( ) 1,2% Net operating income ,8% Net impairment losses on loans Pre-tax profit from continuing operations Profit (loss) for the year/period attributable to the shareholders of the Parent ( ) ( ) -18,3% ,4% ,6% MAIN BALANCE SHEET ITEMS - Figures in thousands Customer Loans ,7% Direct Funding ,6% % Total liabilities and equity ,7% 4

5 3. Important events as at 30 th April /03/ UBI Banca inaugurates its office in Dubai UBI Banca has inaugurated a new representative office in Dubai with an official mission led by Andrea Moltrasio, the Chairman of the Supervisory Board. See press release > 31/03/2016 The European Central Bank issues an authorisation to UBI Banca to proceed to the redemption of the shares subject to the exercise of the right to withdrawal The European Central Bank issued an authorisation to UBI Banca to proceed to the redemption of 1,807,220 shares subject to the exercise of the right to withdrawal following the approval of the resolution to transform UBI Banca from a joint stock co-operative company into an ordinary joint-stock company. See press release > 02/04/ Supervisory Board appointed for the three-year period The Shareholders Meeting then approved the proposal for the distribution of a dividend of 0.11 per share on each of the 900,316,743 ordinary shares of UBI Banca outstanding, net of treasury shares held in portfolio, to give a total dividend payout of 99 million. The Shareholders Meeting also proceeded to appoint members of the Supervisory Board for the three-year period See press release > 14/04/ Appointment of the Management Board The Supervisory Board elected by the Shareholders Meeting of 2 nd April 2016, that met under the chairmanship of Andrea Moltrasio, proceeded to appoint seven members of the Management Board for the three-year period and to designate Letizia Moratti as its President. See press release > 18/04/2016 Appointment of the Chief Executive Officer UBI Banca s Management Board on Aprile 18, 2016, has confirmed dott. Victor Massiah as CEO and General Manager of UBI Banca 28/04/2016 UBI Banca sells UBI Banca International to EFG International A contract was signed for the sale of 100% of the share capital of UBI Banca International S.A. (UBI International), with headquarters in Luxembourg, to EFG International AG, a global private banking group offering private banking and asset management services, headquartered in Zurich. See press release > 5

6 4. The structure of the Group and its national and international presence 1. UBI Banca is the Parent listed on the Milan Stock Exchange in the FTSE Mib index. In addition to Group governance and control functions, the Parent also manages commercial and credit co-ordination, treasury, finance, IT, organisation, logistics and purchasing functions centrally. The network banks and the product companies of the Group fall under its leadership; 2. the Network Banks specialise in banking business in their respective historical local markets. They provide multiregional market coverage in the North with Banca Popolare di Bergamo (registered offices in Bergamo), Banco di Brescia (registered offices in Brescia), Banca Popolare Commercio & Industria (registered offices in Milan), Banca Regionale Europea (registered offices at Cuneo, general headquarters in Turin) and Banca di Valle Camonica (registered offices at Breno), in central Italy with Banca Popolare di Ancona (registered offices at Jesi) and in southern Italy with Banca Carime (registered offices at Cosenza). IWBank Private Investments, an internet bank that specialises in the management of individual and family investments, was formed from the merger of IWBank and UBI Banca Private Investment, the Group s promoter network, on 25 th May branches 287 branches 192 branches 204 branches (+3 abroad) 63 branches 202 branches 211 branches 6

7 3. Product Companies that specialise in the creation and supply of specific financial products and operate in the following sectors: asset management, leasing, factoring, and, in partnership, in the banc assurance sector. The Group also has an international presence basically designed to assist customers with their business abroad through its branches and representative offices. A representative offices in Casablanca will be opening soon. (1) Luxembourg UBI Banca International UBI Trustee SA UBI Management Co SA Munich UBI Banca International Branch Krakow UBI Factor Branch Vienna Business Consultant New York from January 2016 Moscow Antibes, Menton, Nice Banca Regionale Europea Branches Shanghai Shanghai Zhong Ou Asset Management Company Co. Ltd* Madrid UBI Banca International Branch Hong Kong São Paulo Casablanca from February 2016 Dubai from August 2015 Mumbai * Joint-venture in which UBI Banca holds the 35% of the total share. (1) In April 2016 a contract was signed for the sale of 100% of the share capital of UBI Banca International S.A. (UBI International), with headquarters in Luxembourg, to EFG International AG, a global private banking group offering private banking and asset management services, headquartered in Zurich. 7

8 5. The Corporate Governance Model UBI Banca was formed on 1st April 2007 in the form of a joint stock co-operative company. On 10th October 2015, in compliance with the law, a Shareholders Meeting resolved to transform UBI Banca into a joint stock company. Since 12 th October 2015, the date on which the resolution was filed with the Bergamo Company Registrar, UBI Banca has been an S.p.A. (a joint stock company). The share capital of UBI Banca 2015 amounts to 2,254 million consisting of 901,748,572 ordinary shares. The consolidated equity of the UBI Banca Group as at 31 st March 2016, including profit for the period, amounted to 9,920 million. UBI Banca s governance model is based on a two tier system. Under this two tier governance system a Shareholders Meeting appoints a Supervisory Board, which then appoints a Management Board. In detail: the Supervisory Board combines in itself some of the powers typical of a shareholders meeting, the functions of a board of statutory auditors and some of the powers of senior management. It therefore performs the duties of strategic policy-making and supervision, including supervision of performance and operations in a broader sense than that typically performed by a board of statutory auditors in a traditional system of management and supervision; the Management Board has exclusive responsibility for the management of the bank and for performing all those operations necessary for implementing the business purpose of the company in compliance with the general strategies and plans drawn up by the Supervisory Board. 8

9 The shareholders meeting held on 2 nd April 2016 appointed the Supervisory Board which will remain in office for the three-year period and is composed as follows: Supervisory Board 1) Andrea Moltrasio Presidente 2) Mario Cera Vice Presidente Vicario 3) Francesca Bazoli 4) Letizia Bellini Cavalletti 5) Pierpaolo Camadini 6) Alessandra Del Boca 7) Giovanni Fiori 8) Paola Giannotti 9) Patrizia Michela Giangualano 10) Gian Luigi Gola 11) Renato Lorenzo Guerini 12) Pietro Gussalli Beretta 13) Giuseppe Lucchini 14) Sergio Pivato 15) Armando Santus The Supervisory Board has then appointed the Management Board which is today composed as follows: Management Board 1) Letizia Moratti Presidente 2) Flavio Pizzini Vice Presidente 3) Victor Massiah 4) Silvia Fidanza 5) Osvaldo Ranica 6) Elvio Sonnino 7) Elisabetta Stegher. 9

10 6. Organisation chart of the Parent as at 30 th April 2016 * On May 1 st, 2016, Ettore Medda retired. Anna Chiara Svelto became Chief of General and Legal Affairs on June 1 st, General Management: Victor Massiah, CEO and General Manager Elvio Sonnino, Senior Deputy General Manager Rossella Leidi, Deputy General Manager Ettore Medda, Deputy General Manager (on May 1 st,, 2016, Ettore Medda retired) * Damiano Carrara, Corporate Social Responsibility Manager reports directly to the Chief Financial Officer. 10

11 7. Our customers and our products and services UBI Banca serves mainly retail and small to medium-sized business customers. The Group also provides products and services for the private banking and corporate markets through its UBI Banca Private & Corporate Unity division. The Group integrates this approach with specialist products and services targeted at specific sectors (e.g. the nonprofit sector) and with cross-market approaches (e.g. products and services for international business). Individual retail customers The retail market units address a broad range of customers with financial demands of standard or average complexity. The Group has a branch network of 1,531 branches distributed throughout its local markets to satisfy the requirements of its customers. It also provides constantly evolving internet services and a customer care service available by telephone and the internet. The retail market is served by a full range of banking products and services needed to manage cash and spending with a variety of accounts and payment cards for the demands of different customer segments. Often these are developed in co-operation with organisations with either commercial or social commitment links with customers. These include co-branded cards which range from enjoy ski, a card which becomes a ski pass in various Alpine districts, to payment cards which carry the names of nonprofit associations connected with UBI Banca by partnerships. Loans to individuals include products specially designed for young couples even with atypical employment contracts, while investments are not only tailored to fit individual risk appetite profiles, but are also oriented towards ethically responsible companies. Insurance policies for individuals include all life and non-life products and cover requirements ranging from personal protection to long-term savings and investment. The Group s internet services provide remote and mobile access to a vast range of services: home banking, trading, the use of UBIPay apps and even the use of digital signatures to purchase banking products and services on the internet. In February 2014 UBI Banca implemented a centre for digital innovation applied to banking services, with 150 experts dedicated to satisfying customer needs with technologically innovative solutions and to provide extremely user-friendly services in order to radically improve the user experience for the Bank s digital services customers. Business persons and SMEs UBI Banca provides a full range of products and services for business persons and SMEs, ranging from payment instruments to finance services, inclusive of leasing and factoring products provided by specialist Group companies. UBI Banca also offers insurance policies specially designed for its corporate clients. 11

12 Digital services for corporate clients include electronic invoicing, which also complies with the requirements of recent legislation which has made it compulsory in the public sector. Finally, with UBIWorld UBI Banca provides an integrated platform of advisory and banking services to carry out and manage international business and expansion abroad. Services for the nonprofit world The UBI Banca Group has a special commercial division created in 2011 to help create social wealth by providing a platform of products and tools integrated in a service model specifically designed for social enterprises and for nonprofit organisations in general. Great importance is placed within this commercial division entitled, UBI Community, on social bonds, debt instruments introduced for the first time in Italy by the UBI Banca Group. They offer subscribers a market yield and at the same time, thanks to the funding generated by the securities issued, the Bank is able either to donate sums to specific and measurable projects or to make loans under competitive terms and conditions to support projects or investments with a high social impact. In November 2015 UBI Banca presented the first Social Impact Project Finance initiative in Italy. Private and Corporate Banking Market UBI Banca satisfies the specific requirements of its private banking and corporate banking clients by means of an organisational division which integrates the expertise of private bankers and corporate bankers. It is therefore able to provide business persons with a network of experts to provide advice not only on the management of personal wealth, but also on the development of their businesses. This division, entitled UBI Private & Corporate Unity, places a dual team at the service of business persons composed of advisors at central level and operational units with bankers available locally. This team is able to assist with both the management of individual or family wealth and with ordinary financing operations and international business, not to mention with generation handover or the management of corporate governance. Business persons may benefit through this division from all the expertise available in the Group, which is maximised by this division with its 360 private banking and corporate banking vision of a client s needs. Thanks to its advisory service model, the unit identifies and satisfies the main requirements of family businesses, business families and high net worth clients as follows: capital protection, asset management and control structure, family governance, corporate governance, succession planning, self caring and philanthropy. The investment banking department of UBI Banca offers high value added consulting services in advisory and M&A to support companies in strategic decisions that change their history and path. UBI Banca Investment Banking offers consultancy and high value added services to support the company in making strategic business decisions that could determine its future. By its Debt&Equity Capital Markets services UBI Banca supports companies willing to obtain financing in capital markets at the right time for each of them. 12

13 For further information please contact: UBI Banca Media relations