Launch of public exchange offer project on Banco di Sardegna saving shares

The Board of Directors of BPER Banca S.p.A. (“BPER”), which met today, has resolved to launch a process aimed at further rationalizing the shareholding structure of Banco di Sardegna S.p.A. ("BdS"), a company belonging to the BPER Group. The implementation of such project, which will result in a capital benefit for the CET1 ratio of the BPER Group, is subject to the necessary authorizations of the competent authorities and the approval of the Extraordinary Shareholders' Meeting of BPER, and may be pursued through the launch by BPER of a voluntary public exchange offer, pursuant to article 102 of Legislative Decree 24 February 1998 no. 58, on all the saving shares of BdS held by third parties other than BPER, aimed at the delisting of such saving shares ("PEO" or "Offer").