The Department of Treasury has mandated Banca Monte dei Paschi di Siena S.p.A, BNP Paribas, Intesa Sanpaolo S.p.A. and Unicredit S.p.A. for a syndicated exchange transaction based on the launch of a new CCteu due 15^th October 2031 and on the buyback of the followings bonds:

• BTP 2.45% - 10/01/2023 (ISIN code IT0005344335)
• BTP 0.65% - 10/15/2023 (ISIN code IT0005215246)
• BTP Italia 0.25% - 11/20/2023 (ISIN code IT0005312142)
• CCTeu - 12/15/2023 (ISIN code IT0005399230)
• CCTeu - 04/15/2025 (ISIN code IT0005311508)

The buyback transaction of the aforementioned bonds and the issuance of the new syndicated CCTeu will be executed in the near future, subject to market conditions. FCA/ICMA stabilisation.