Turin - Milan, October 16th 2014 – Intesa Sanpaolo communicates that it concluded, on October 14th 2014, the ordinary share buy-back programme launched on October 13th 2014 and announced to the market in a press release dated October 10th. The programme executes a plan that assigns, free of charge, ordinary shares of Intesa Sanpaolo to the Group’s employees. The plan was approved at the Shareholders’ Meeting of May 8th 2014 as part of the investment plan based on financial instruments, named Leveraged Employee Co-Investment Plan (“Lecoip”). In addition, the Bank’s subsidiaries indicated in the aforementioned press release have terminated their purchase programmes of the Parent Company’s shares to be assigned free of charge to their employees. The programmes were approved by their respective corporate bodies within their remit and are analogous to the programme approved at the Parent Company’s Shareholders’ Meeting.

In compliance with article 113-ter of Legislative Decree 58 of February 24th 1998 (TUF-Consolidated Law on Finance) and article 4 of the EU Commission Regulation 2273/2003, details are provided below concerning the purchases executed. Information is also given by Intesa Sanpaolo on behalf of the aforementioned subsidiaries.

In the days during which the programme was executed (October 13th and 14th 2014) the Intesa Sanpaolo Group purchased a total of 49,476,201 Intesa Sanpaolo ordinary shares through Banca IMI (which was responsible for the programme execution), representing approximately 0.3% of the ordinary share capital and total share capital (comprising ordinary shares and savings shares) of Intesa Sanpaolo, at an average purchase price of 2.233 euro per share, for a total countervalue of 110,469,112 euro. The Parent Company purchased 21,921,796 shares at an average purchase price of 2.234 euro per share, for a countervalue of 48,974,197 euro.

Purchase transactions were executed in compliance with provisions included in articles 2357 and following and 2359-bis and following of the Italian Civil Code and within the limits of number of shares and consideration as determined in the resolutions passed by the competent corporate bodies. Pursuant to article 132 of TUF and article 144-bis of Issuers’ Regulation and related implementing provisions, purchases were carried out on the regulated market MTA managed by Borsa Italiana in compliance with trading methods set out in the market rules for these transactions.

Moreover, as for the purchase modality, transactions were carried out in compliance with conditions and restrictions under articles 5 and 6 of the EU Commission Regulation 2273/2003 and market practices under article 180, paragraph 1, letter c of TUF, approved by Consob.

The daily volume of shares purchased did not exceed 25% of the average daily volume of Intesa Sanpaolo ordinary shares traded in September 2014, which was equal to 143 million shares.

Details of share purchases are available in Excel format on the website group.intesasanpaolo.com (“Investor Relations”/“Press Releases” section) and are summarised in the tables below.



Investor Relations

Media Relations