PRESS RELEASE

Fitch Ratings affirms the ratings of Banca Popolare di Milano On the 10th of July 2014, the International Rating Agency Fitch Ratings has affirmed the ratings of Banca Popolare di Milano, among which the long term IDR rating 'BB+ with Outlook Negative and the short term IDR rating 'B'.

For further details, please see the press release of Fitch Ratings dated 10 July 2014, which is available on the Rating Agency website www.fitchratings.com.

Milan, 10 July 2014

Please note that the original version of this press release is in Italian.

For information:

Banca Popolare di Milano Communication

Matteo Cidda

+39 02.77.00.7438 matteo.cidda@bpm.it

Investor Relations

Roberto Peronaglio

+39 02.77.00.2057 investor.relations@bpm.it

AD HOC Communication Advisors

Giorgio Zambeletti, Daniele Biolcati

+39 02.76.06.741 daniele.biolcati@ahca.it

Press Office

Monica Provini

+39 02.77.00.3515 monica.provini@bpm.it

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