Banca Sistema S.p.a.MIL: BST

Cf+ - suspension of the review period mandatory offer

· Issued by Banca Sistema S.p.A.

COMMUNICATION ISSUED BY BANCA SISTEMA S.P.A. AT THE REQUEST OF BANCA CF+ S.P.A.

THE DISSEMINATION, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE IS PROHIBITED IN ANY JURISDICTION IN WHICH IT CONSTITUTES A VIOLATION OF APPLICABLE LAW MANDATORY PUBLIC TENDER AND EXCHANGE OFFER ON ALL THE ORDINARY SHARES OF BANCA SISTEMA S.P.A. PROMOTED BY BANCA CF+ S.P.A. PRESS RELEASE pursuant to Article 38, paragraph 1 of the Regulation adopted by Consob with Resolution No. 11971 of May 14, 1999, as subsequently amended and supplemented (the "Issuers' Regulation")

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SUSPENSION OF THE REVIEW PERIOD Milan, April 9, 2026 - With reference to the offer document (the "Offer Document"), intended for publication, filed with Consob on 26 March 2026 by Banca CF+ S.p.A. (the "Offeror" or "CF+") and related to the totalitarian mandatory tender and exchange offer under Articles 102 and 106 of Legislative Decree No. 58 of February 24, 1998 (respectively, the "Offer" and the "TUF") launched by CF+ and having as its object the ordinary shares of Banca Sistema S.p.A., the Offeror hereby announces that, on 8 April 2026, Consob notified the suspension of the time limit for the review period - in any case for no more than 15 calendar days starting from the same date of notification - in order to acquire, pursuant to Article 102, paragraph 4, of the TUF, certain additional information.

The reopening of the review period will be promptly disclosed to the market.

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This press release does not constitute nor is it intended to constitute an offer, invitation or solicitation to buy or otherwise purchase, subscribe for, sell or otherwise dispose of financial instruments, and no sale, issuance or transfer of financial instruments of Banca Sistema S.p.A. will be made in any country in violation of the laws applicable therein. The Offer will be made through the publication of the relevant Offer Document subject to Consob approval. The Offer Document will contain a full description of the terms and conditions of the Offer, including the terms and conditions of acceptance.

The publication or distribution of this press release in countries other than Italy may be subject to restrictions under applicable local law, and therefore any person subject to the laws of any country other than Italy is required to independently obtain information about any restrictions under applicable laws and regulations and ensure that they comply with them. Any failure to comply with such restrictions may constitute a violation of the applicable law of the relevant country.

To the fullest extent permitted by applicable law, no one involved in the Offer shall be held liable or suffer prejudicial consequences arising from the violation of the aforementioned restrictions by the such persons.

This press release has been prepared in accordance with Italian law, and the information disclosed herein may be different from that which would have been disclosed had the press release been prepared in accordance with the laws of countries other than Italy.

No copy of this press release nor any other documents relating to the Offer shall be, nor may be, mailed or otherwise transmitted or distributed to or from any country where the provisions of local law may cause civil, criminal or regulatory risks if information concerning the Offer is transmitted or made available to shareholders of Banca Sistema S.p.A. in such country or other countries where such conduct would constitute a violation of the laws of such country and no person receiving such documents (including as custodians, trustees or fiduciaries) shall mail or otherwise transmit or distribute the same to or from any such country.

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