The Department of Treasury announces the series of guaranteed minimum annual coupon rates for the second issuance of the BTP Valore, that will take place from Monday 2^nd of October until Friday 6^th of October (until 1 p.m.), unless early closing:

• 4.10% for the 1^st, 2^nd and the 3^rd year;
• 4.50% for the 4^th and the 5^th year.

The definitive annual coupon rates will be communicated at the closing of the placement period, and they can be confirmed or revised, but only upwards, based on market conditions of the issuance closing day.

The ISIN code of the bond for the placement period is IT0005565392.

BTP Valore can be subscribed only by individual investors and other persons similarly classified (the so-called retail market) and it entails, for the first time, nominal coupons paid quarterly and a maturity of 5 years with an extra final bonus payment equal to 0.5% of the invested capital.

Easy to subscribe, BTP Valore can be purchased directly on-line, through any home-banking system having an on-line trading feature or in any bank or post office where investors hold a securities account.

The bond will be placed at par (price equal to 100) through MOT, the retail Borsa Italiana’s screen-based market for securities and government bond with no fees to be borne by investors at issuance. As for all government securities, the taxation treatment is equal to 12.5% and the Inheritance Tax does not apply.

The minimum investment is of 1,000 euro and the placement does not entail any cap or allotment, thus ensuring that all orders will be fully met, except for the faculty of the MEF to close the issuance earlier as explained in the Term Sheet.

For more information, please write to the dedicated email box: btpvalore@mef.gov.it.