Page 1

INTESA SANPAOLO PRESS RELEASE INTESA SANPAOLO : CONSOLIDATED RESULTS AS AT 30 SEPTEMBER 2021 THE RESULTS FOR 9M 2021 HAVE CONFIRMED INTESA SANPAOLO'S ABILITY TO RESPOND EFFECTIVELY TO THE COMPLEXITIES BROUGHT ABOUT BY THE PANDEMIC AND HAVE ALREADY MADE IT POSSIBLE TO ACHIEVE THE MINIMUM NET INCOME OF € 4 BILLION ENVISAGED FOR FULL - YEAR 2021 . THE RESULTS FOR 9M 2021 REFLECT INTESA SANPAOLO'S SUSTAINABLE PROFITABILITY DERIVING FROM A SOLID CAPITAL BASE AND LIQUIDITY POSITION , A RESILIENT AND WELL - DIVERSIFIED BUSINESS MODEL , STRATEGIC FLEXIBILITY IN MANAGING OPERATING COSTS AND ASSET QUALITY . THESE FEATURES HAVE MADE IT POSSIBLE TO EFFECTIVELY MITIGATE THE IMPACT OF THE ADVERSE SCENARIO OF THE 2021 EBA / ECB STRESS TEST AND ARE REFLECTED IN A LOW RISK PROFILE BOLSTERING THE SUPPORT PROVIDED TO ITALY BY THE GROUP , WHICH IS ALSO COMMITTED TO BECOMING A REFERENCE MODEL IN TERMS OF SUSTAINABILITY AND SOCIAL AND CULTURAL RESPONSIBILITY . VALUE GENERATION FOR ALL STAKEHOLDERS WILL BE ACCRETED BY SYNERGIES ESTIMATED AT OVER € 1 BILLION DERIVING FROM THE MERGER OF UBI BANCA , SUCCESSFULLY COMPLETED WITH NO SOCIAL COSTS , AND BY OVER € 6 BILLION IN 2020 AND ALMOST € 500 MILLION IN 9M 2021 , BOTH OUT OF PRE - TAX PROFIT , DEVOTED BY THE GROUP TO FURTHER STRENGTHENING THE SUSTAINABILITY OF RESULTS . INTESA SANPAOLO'S INITIATIVES TO FACE THE COVID - 19 IMPACTS : PROVIDING SAFE CONDITIONS FOR THE GROUP PEOPLE AND CUSTOMERS ; - SUPPORTING HEALTHCARE INITIATIVES WITH MORE THAN € 100 MILLION DONATED ; PROVIDING € 150 MILLION FROM THE FUND FOR IMPACT ( EQUAL TO 50 % ) TO REDUCE SOCIO - ECONOMIC DISTRESS ; FIRST BANK IN ITALY TO SUSPEND MORTGAGE AND LOAN INSTALMENTS EVEN BEFORE THE SPECIFIC REGULATION CAME INTO FORCE ( SUSPENSIONS OF PAYMENTS FOR € 114 BILLION APPROVED TO DATE ) , AND TO SIGN THE COLLABORATION PROTOCOL WITH SACE , THUS PROVIDING IMMEDIATE SUPPORT TO ENTERPRISES UNDER THE LIQUIDITY DECREE ( € 42 BILLION INCLUDING THE SME FUND GRANTED TO DATE ) ; UP TO € 50 BILLION IN NEW LOANS MADE AVAILABLE TO ENTERPRISES AND PROFESSIONALS TO PROTECT JOBS AND MANAGE PAYMENTS DURING THE EMERGENCY . THE TRENDS OF THE NEW ENVIRONMENT FIND INTESA SANPAOLO FULLY EQUIPPED , THANKS TO THE GROUP'S COMPETITIVE ADVANTAGES : LEADERSHIP IN WEALTH MANAGEMENT & PROTECTION ; EFFECTIVE PROACTIVE CREDIT MANAGEMENT ( PULSE ) AND GROUP'S STRATEGIC PARTNERSHIPS WITH LEADING NPL INDUSTRIAL PLAYERS ; - STRONG DIGITAL PROPOSITION , WITH AROUND 12.5 MILLION MULTICHANNEL CUSTOMERS AND AROUND 7.8 MILLION CUSTOMERS USING THE INTESA SANPAOLO APP , AND STRATEGIC PARTNERSHIP WITH NEXI AS REGARDS PAYMENT SYSTEMS ; SMART WORKING ENABLED FOR AROUND 78,000 GROUP PEOPLE AND OPTIMISATION OF THE DISTRIBUTION MODEL WITH BRANCH RATIONALISATION , THE BANCA 5 SISALPAY STRATEGIC PARTNERSHIP ( MOONEY ) , AND MOST CUSTOMERS WHO WILL BE SERVED THROUGH ALTERNATIVE CHANNELS ; - LEADERSHIP IN INCLUSION IN SUSTAINABILITY INDICES AND ESG INTERNATIONAL ASSESSMENTS , COMMITMENT TO ACHIEVING NET - ZERO EMISSIONS BY 2050 FOR THE GROUP'S OWN EMISSIONS , ITS LENDING AND INVESTMENT PORTFOLIOS , AND ASSET MANAGEMENT AND PARTICIPATION IN THE NET ZERO BANKING ALLIANCE ( NZBA ) AND IN THE NET ZERO ASSET MANAGERS INITIATIVE ( NZAMI ) . THE CAPITAL POSITION WAS SOLID AND WELL ABOVE REGULATORY REQUIREMENTS EVEN UNDER THE 2021 EBA / ECB STRESS TEST ADVERSE SCENARIO : PRO - FORMA FULLY LOADED COMMON EQUITY TIER 1 RATIO WAS 15.1 % AFTER THE DEDUCTION FROM CAPITAL OF € 1.9 BILLION OF RESERVES DISTRIBUTED IN OCTOBER 2021 AND € 2.8 BILLION OF DIVIDENDS ACCRUED IN 9M 2021 . NET INCOME WAS € 4,006 MILLION . A CASH INTERIM DIVIDEND OF € 1,401 MILLION WAS APPROVED , PAYABLE AS OF 24 NOVEMBER 2021 .