For Intesa Sanpaolo, as listed company, control of accounts must be exclusively conducted by an
independent auditing firm, who is responsible for the verification in the course of the financial year, of the regular keeping of the company's accounts and the correct registration of operations in the books, as well as ascertaining that the Parent Company's and Consolidated financial statements correspond to the registrations in the company's books and to the verifications conducted and that such reports comply with the relevant regulations. The independent auditors express their opinion on the Parent Company's and Consolidated financial statements as well as on the half-year report with a specific report.

The independent auditors currently appointed by Intesa Sanpaolo is Reconta Ernst & Young,
whose appointment will expire with the Shareholders' Meeting for the approval of the financial statements as at 31st December 2011.

The appointment of the independent auditors is conferred by the Ordinary Shareholders' Meeting after the motivated proposal of the Supervisory Board.