Page 1

FINECO BANK Results at June 30th , 2021 approved FINECO , GROWTH IS EVEN STRONGER IN THE FIRST HALF OF THE YEAR SOLID PUSH COMING FROM THE BANK'S FINTECH DNA , NETWORK PRODUCTIVITY IN CONSTANT INCREASE . Strong growth in net profit thanks to the diversified business model : € 184.6 million ( + 2.0 % y / y¹ ) • Revenues : € 403.5 million ( + 3.0 % y / y¹ ) • Cost / income ratio : 31.3 % • Solid capital position : CET1 at 18.59 % ² Dividend proposal on the 2019/2020 net profit : € 0.53 per share Milan , August 3rd , 2021 The Board of Directors of Fineco Bank S.p.A. has approved the results as of June 30th , 2021 . Alessandro Foti , CEO and General Manager of FinecoBank , stated : " We are satisfied with our first half results , which confirm a turning point for the Bank and its ability to grow in every market phase . The constant improvement of our personal advisors ' network and the initiatives set up over the first six months of the year are the result of a strategy aimed at satisfying even the most sophisticated financial needs of our customers . The net sales results show a significant growth of the asset management area , a trend that we expect to continue in the coming years , also thanks to the increasingly strong contribution of Fineco Asset Management . In the first six months of the year , we pursued the continuous innovation of our products and services offer , while remaining faithful to our pillars of transparency , efficiency and sustainability , which are part of our DNA . This has allowed us to enter a new dimension of growth , leveraging the structural trends , such as digitalization and strong request for financial advisory , which are at the heart of our growth and lead us to be optimistic about the future " . 1 Figures net of non - recurring items recorded in the first half of 2021 : +32.0 million net related to the fiscal realignment of the intangible asset recorded in Financial Statement as of December 31st , 2019 , under the art . 110 of the Legislative Decree 104/2020 . Figures net of non - recurring items recorded in the first half of 2020 : € -1.2 million gross ( € -0.8 million net ) valuation related to the Voluntary Scheme fair value , of which € -1.2 million gross ( € -0.8 million net ) in the first quarter of 2020 . In order to give a better representation of Investing revenues , we have recasted into Investing Net commissions : 1 ) " Other expenses / income " , represented by costs efficiencies by Fineco Asset Management ; 2 ) " Other Administrative expenses " , represented by costs related to the Network of PFAs ( recruiting , loyalty , FIRR , Enasarco ) . 2 Net of the dividend proposal on the 2019/2020 net profit , that today the Board of Directors proposed to the Shareholders ' Meeting for the distribution in the fourth quarter of 2021 1