Aug 4, 2022

07/29 08/04/2022 | 12:08pm EDT Message : Disclaimer This document has been prepared by "BPER Banca" solely for information purposes, and only in order to present its strategies and main financial figures. The information contained in this document has not been audited. No guarantee, express or implied, can be given as to the document's contents, nor should the completeness, correctness or accuracy of the information or opinions herein be relied upon. BPER Banca, its advisors and its representatives decline all liability (for negligence or any other cause) for any loss occasioned by the use of this document or its contents. All forecasts contained herein have been prepared on the basis of specific assumptions which could prove wrong, in which case the actual data would differ from the figures given herein. No part of this document may be regarded as forming the basis for any contract or agreement. No part of the information contained herein may for any purpose be reproduced or published as a whole or in part, nor may such information be disseminated. The Manager responsible for preparing the Company's financial reports, Marco Bonfatti, declares, in accordance with art. 154-bis, para. 2, of the "Consolidated Financial Services Act" (Legislative Order No. 58/1998), that the accounting information contained in this document corresponds to documentary records, ledgers and accounting entries. Marco Bonfatti Manager responsible for preparing the Company's financial reports BPER Banca S.p.A., head office in Modena, via San Carlo, 8/20 - Tax Code and Modena Companies Register no. 01153230360 - Company belonging to the BPER BANCA GROUP VAT, VAT no. 03830780361 - Share capital Euro 2,100,435,182.40 - ABI Code 5387.6 - Register of Banks no. 4932 - Member of the Interbank Deposit Guarantee Fund and of the National Guarantee Fund - Parent Company of the BPER Banca S.p.A. Banking Group - Register of Banking Groups no. 5387.6 - Tel. 059.2021111 - Telefax 059.2022033 - e-mail: servizio.clienti@bper.it - Certified 2 Change in the scope of consolidation and Purchase Price Allocation Change in the scope of consolidation In 2Q22 the BPER Group changed the scope of consolidation following the acquisition of the controlling stake in Banca Carige's share capital from the Interbank Deposit Protection Fund and the Voluntary Intervention Scheme, on 3rd June 2022. The assets and liabilities of Banca Carige have therefore been included on a line by line basis in the Group's Balance Sheet items as at 30th June 2022, while its full 1H22 P&L contribution has been included in the calculation of the income statement item "Bargain Purchase" (Badwill). Purchase Price Allocation (PPA) The 1H22 results include the impact of the PPA carried out following the first accounting treatment of Banca Carige ("Carige") stake acquired on 3rd June 2022, in accordance with IFRS 3 "Business Combinations". The difference between Carige's net equity as at 30 June 2022 and the purchase price ("Badwill" or "Bargain Purchase") amounted to 1,494.1 €mln. The allocation process through the measurement at fair value of the assets and liabilities acquired as at the initial recognition date, led to the following PPA adjustments: -145.0€mln FV adjustments on loans; -69.2€mln FV adjustments on RE assets; -60.0€mln related to branch disposal; -56.6€mln related to contingent liabilities; +25.2 €mln related to tax effects and other; As a result of the PPA, a Bargain Purchase amount of 1,188.4 €mln was booked in the 1H22 P&L. 3