JOINT PRESS RELEASE

CREDITO EMILIANO AND CREDEMHOLDING STRUCTURING THE NEW "EURO MEDIUM TERM NOTE PROGRAMME" FOR 5 BILLIONS EURO

On March 10th 2023, the new "Euro Medium Term Note" Programme of Credito Emiliano S.p.A. and Credemholding S.p.A has been finalised. The issuers, through such Programme, shall be entitled to issue Senior Unsecured Notes, both preferred and non-preferred, and Tier 2 subordinated loans, which may be subscribed by institutional and retail investors (in respect with the current regulation), up to a maximum amount of 5 billions euro. The Notes, under the Programme shall be issued also on an ESG format, as indicated in the Group's "Green, Social and Sustainability Bond Framework".

Having the EMTN Programme, on the sideline of the already existing Covered Bond Programme, Credem's Group can further consolidate its presence on the capital market, expanding its funding methods and strengthening its quickness to access the market, in order to fulfill its financial and capital needs.

The EMTN Programme's arranger is BNP Paribas. From a legal aspect, Credito Emiliano and Credemholding have been assisted by the law firm Allen & Overy, while BNP Paribas has been assisted by the law firm Clifford Chance.

Reggio Emilia, March 10, 2023

CREDITO EMILIANO HOLDING SPA

CREDITO EMILIANO SPA

(Chairman)

Lucio Igino Zanon di Valgiurata

CONTACTS

Media relations Credem

Investor relations Credem

+39.0522.582075 - +39.02.77426202

+39.0522.583076

rel@credem.it

investor@credem.it

www.credem.it

Attachments

Disclaimer

CREDEM - Credito Emiliano S.p.A. published this content on 10 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2023 17:24:09 UTC.