BPER Banca S p A : Outcome of the 2021 SREP Assessment

BPER Banca S.p.A ("BPER or "the Bank") announces that, following completion of the annual Supervisory Review and Evaluation Process ("SREP"), it has received notification of the European Central Bank ("ECB")'s new decision concerning the prudential requirements to be met on a consolidated basis under art. 8 of Regulation (EU) 1024/2013.

Based on the outcome of the SREP assessment conducted in 2021 with reference date 31 December 2020 and any other relevant information received thereafter, the ECB has established that, with effect from 1 March 2022, BPER will have to maintain a minimum consolidated capital ratio in terms of Common Equity Tier 1 ("CET1 ratio") of 8.3%, consisting of the sum of the minimum regulatory Pillar 1 requirement of 4.5%, the additional Pillar 2 requirement of 1.3% and the Capital Conservation Buffer of 2.5%, while the minimum Total Own Funds requirement ("Total Capital Ratio") shall be 12.8%.

BPER's consolidated capital ratios as at 30 September 2021 are as follows:
• Phased-in Common Equity Tier 1 (CET1) ratio: 14.7%. Calculated on a fully phased basis, the ratio is 13.7%;
• Phased-in Total Capital Ratio: 17.4%.

The above ratios are significantly in excess of the ECB's minimum capital requirements.