Banco Desio: the Board Of Directors has resolved to commence the own share purchase program authorised by the Shareholders' Meeting

PRESS RELEASE

BANCO DESIO: THE BOARD OF DIRECTORS HAS RESOLVED TO COMMENCE THE

OWN SHARE PURCHASE PROGRAM AUTHORISED BY THE SHAREHOLDERS'

MEETING

The Programme authorised by the Shareholders' Meeting concerns the purchase of a maximum number of shares equal to 3% of the share capital and for a maximum total amount of EUR 20.2 million

Desio, 30 July 2024 - The Board of Directors of Banco di Desio e della Brianza S.p.A. ("Banco Desio"), having taken note of the authorisation measure issued on 12 July 2024 by the Bank of Italy pursuant to articles 77 and 78 of EU Regulation No. 575/2013 ("CRR"), today resolved the start of the own share purchase programme (the "Programme") authorised by the Shareholders' Meeting on 18 April 2024 on the proposal of the Board itself.

The main purpose of the Programme is to optimise the capital with respect to the prospective needs of the Banco Desio Group.

The Programme concerns the purchase of a maximum of 4,030,891 own shares, equal to 3% of the share capital, for a maximum total amount of EUR 20.2 million, at a unit price that is not higher than highest price between the last independent transaction and the price of the highest current independent offer in trading venues where the purchase is made, without prejudice to the fact that it cannot be 10% lower as a minimum and 10% higher as a maximum than the average official price recorded by the Banco Desio share in the ten trading days prior to each individual purchase transaction. Regardless of the total value, Banco Desio has undertaken the commitment not to exceed the maximum volume of own shares that can be purchased according to the applicable regulations, i.e. the aforementioned 4,030,891 shares.

According to the provisions of art. 28 of Regulation (EU) no. 241/2014, starting from the date of the measure received from the Bank of Italy (12 July of this year), the entire amount of the shares forming the object of the buyback application must be deducted from the consolidated and individual Own Funds. In determining the Own Funds as at 30 June 2024, the deduction was not taken into account, which will be applied from the reporting as at 30 September 2024. The impact of the deduction of EUR 20.2 million to be applied to the equity of Banco Desio is estimated at -13 bps on the TCR of Brianza Unione.

Purchases will be made, effective from 31 July 2024, in accordance with the procedures established in the applicable legal and regulatory provisions in force from time to time, including Article 132 of the Consolidated Law on Finance (TUF), the relative implementing provisions and Article 144-bis of CONSOB Regulation No. 11971/1999, and in compliance with the conditions and restrictions on trading set forth in Articles 3 and 4 of Regulation (EU) No. 1052/2016. In particular, purchases will be made on each trading day for volumes not exceeding 25% of the average daily volume of shares in the trading venue where the purchase is made, calculated in compliance with the aforementioned Art. 3 of Regulation (EU) no. 1052, letter a), on the month preceding the month of this public disclosure; this fixed volume referring to the month of June this year (equal to 21,481 shares) applies for the entire duration of the Programme.

Banco Desio has appointed Equita SIM SpA as broker that will execute the Programme

The authorisation for the purchase of own shares was issued by the Shareholders' Meeting for the period of 18 months from the date of the resolution of the Ordinary Shareholders' Meeting and, in any case, for the duration of 12 months from the authorisation provision of the Bank of Italy, therefore the authorisation will expire on 12 July 2025. The authorisation to dispose of own shares was issued by the Shareholders' Meeting without time limits.

As of today's date, Banco Desio does not hold any treasury shares in its portfolio.

Any subsequent changes to the Programme will be promptly disclosed to the public in the manner and terms envisaged by current legislation.

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The transactions carried out will be communicated to the market within the terms and in the manner prescribed by the laws and regulations in force.

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BANCO DI DESIO E DELLA BRIANZA S.P.A. Established in 1909 and listed since 1995 on the Milan Stock Exchange, Banco Desio is now a modern multi-productfuture-oriented banking Group in accordance with its own traditions, with strong territorial roots and an organisational structure focused on offering quality services to its customers, including through digital channels. The Banco Desio Group operates in Northern and Central Italy and in Sardinia, with a distribution network of 280 branches and roughly 2,400 employees. It is present in the consumer credit sector with Fides S.p.A., a holding company specialised in salary-backed loans. It operates through distribution agreements with leading national and international parties in the assets under management and "bancassurance" areas. It has total assets of over EUR 18 billion (data updated to 31.2.2024).

The Chairman

Stefano Lado

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