Amount paid for BPER shares subject to withdrawal

Reference is made to the Shareholders’ Meeting of Banca popolare dell’Emilia Romagna (“BPER Banca”, “Bank”) convened on 25 November 2016 at 9:00 AM at first calling in the assembly hall of "Modena Fiere", in Modena, main entrance in Viale Virgilio and on Saturday, 26 November 2016 at second calling, at the same time and place, via a notice published today in the daily newspapers “Il Sole 24 Ore” and “QN Quotidiano Nazionale” and also on the Company’s web site of BPER Banca (www.bper.it) to resolve, amongst other things, on “Proposal for transformation of Banca popolare dell’Emilia Romagna from a cooperative into a joint-stock company and consequent adoption of new Articles of Association. Relevant and consequent resolutions”.

The transformation of BPER Banca from a cooperative into a joint-stock company confers the right of withdrawal from the Company on those who do not participate in passing the above mentioned resolution pursuant to Art. 2437 of the Italian Civil Code.

In this regard, note that the amount per share paid for Banca popolare dell’Emilia Romagna shares, subject to withdrawal, has been set at:

Euro 3.8070 for each Banca popolare dell’Emilia Romagna share