H. 13.50 - UBI Banca: Board of Directors

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS.

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The UBI Banca press release published on 21st July 2020 referring to the Board of Directors meeting on the same date is available at the following link:

https://www.ubibanca.it/pagine/Public-Exchange-Offer-for-UBI-Banca-shares-Documents.aspx

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This document does not constitute and is not part of an offer to buy and/or exchange, nor of a solicitation to offer to sell, underwrite, exchange or otherwise dispose, any security. The tender offer is made by Intesa Sanpaolo S.p.A., exclusively in Italy, through the publication, by the offeror, of the offer document previously approved by CONSOB. The offer document describes the terms and conditions of the tender offer and the acceptance procedures. Before joining the tender offer, the shareholders of UBI Banca S.p.A. should read the documents concerning such offer pursuant to applicable law.

This document may only be accessed in or from the United Kingdom of Great Britain and Northern Ireland (i) by investment professionals with experience in matters relating to investments falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), or (ii) by high net worth companies and by such other persons falling within the scope of Article 49(2) paragraphs from (a) to (d) of the Order, or (iii) persons to whom the Notice may otherwise be lawfully communicated (jointly, the "Relevant Persons").

A copy of this document, or portions thereof, is not and shall not be sent nor in any way transmitted or otherwise distributed, directly or indirectly, in the United States of America (or to "U.S. Persons" as defined under the U.S. Securities Act of 1933), Canada, Japan, Australia and any other jurisdictions where making the Offer or tendering therein would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority (such jurisdictions, including the United States, Canada, Japan and Australia are referred to as the "Excluded Countries") nor to a person resident, domiciliated or located in the United Kingdom of Great Britain and Northern Ireland who is not a Relevant Person. Anyone receiving such documents shall not distribute, forward or send them (neither by postal service nor by using national or international instruments of communication or commerce) in the Excluded Countries nor to a person resident, domiciliated or located in the United Kingdom of Great Britain and Northern Ireland who is not a Relevant Person.