Financial statements for 9m to 31/03/25 approved

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OUTSTANDING 9M RESULTS:
REVENUES €2.8BN, NET PROFIT APPROX. €1BN, ROTE 14%
INTERIM DIVIDEND €0.56 PER SHARE PAYABLE IN MAY;
BALANCE TO BE PAID IN NOVEMBER 2025
MEDIOBANCA AND BANCA GENERALI
THE COMBINATION¹ CREATES A EUROPEAN LEADER IN WEALTH MANAGEMENT
TFAS >€210BN, NNM >€15BN
REVENUES €4.4BN, 45% FROM WM
NET PROFIT €1.5BN, 50% FROM WM
ROTE 20%
DISTRIBUTION: CONFIRMED AT €4BN FOR FY 2023- 26*

9M: RESULTS CONFIRM GROWTH TRAJECTORY
Group revenues of €2,768m in 9M (up 5%²), with significant growth in all businesses: WM up 5%² (to €727m), CIB up 26%² (to €677m), CF up 7%² (to €954m), INS stable² (at €349m)
Cost/income ratio < 43%
Cost of risk declining to 47 bps (down 3 bps²)
Net profit for 9M: €993m (up 5%²); EPS 9M €1.19 (up 7%²); ROTE 14% (up 60 bps²)

3M: SOLID TREND
Group revenues totalled €920m in 3Q (up 3% YoY²), driven by all banking divisions WM up 6%² (to €247m), CIB up 17%² (to €226m), CF up 7%² (to €326m), INS down 16%² (to €106m)
Net interest income resilient (€497m in 3Q, stable YoY, up 1% QoQ³) driven by recovery in volumes and resilience of asset yields
High fee income of €273m in 3Q (up 15% YoY, down 14% QoQ) following record results in IB advisory business in 2Q
Cost of risk declining to 39 bps (down 11 bps QoQ) writebacks in CIB due to portfolio quality, CoR reducing in CF (to 169 bps)
Net profit €334m (stable)

HIGH CAPITAL GENERATION AND SHAREHOLDER REMUNERATION
CET1 15.6%⁴, following Basel IV benefits of 55 bps
Interim dividend of €0.56 p.s, shares ex-rights on 19 May 2025, balance payable in November
€385m share buyback⁵ in progress (71% already completed)

FY 2024- 25 GUIDANCE CONFIRMED
Growth in TFAs: NNM of €9-10bn
Net interest income resilient
Growth in fee income: low double-digit
Growth in Earnings Per Share (EPS): 6-8%⁶ YoY
High distribution with low execution risk: cash payout 70% + share buyback⁷

^{1 Public exchange offer presented on 28 April 2025, Mediobanca data pro forma (as at 31/12/24, annualized)+ BG (data
as at 31/12/24).
(*) FY 2023-24, FY 2024-25, and FY 2025-26.
2 YoY chg: 9M end-March 2025 vs 9M end-March 2024; or 3M end-March 2025 vs 3M end-March 2024.
3 QoQ: 3M end-March 2025 vs 3M end-March 2024.
4 Including approx. 75 bps in earnings for 9M net of the dividend (payout ratio 70%). The Corep CET1 ratio, net of retained earnings for 9M, is 14.8%, in line with the ECB guidance for banks with buybacks in progress for which the final amounts have not been fully defined. The CET1 ratio fully loaded is equal to approx. 15.3%, including the impacts of CRR III fully operative, but not including the impact of the FRTB regulations.
5 Approved by ECB and by shareholders at the October 2024 AGM for a maximum amount of €385m, launched on 12 November 2024.
6 Includes cancellation of shares acquired as part of the €385m buyback being implemented in FY 2024-25.
7 Amount established at the end of the financial year in accordance with the regulations in force and subject to authorization by the ECB: cumulative distributions for FY 2023-24, FY 2024-25, and FY 2025-26.}