DoBank : Approval of interim report as at September 30, 2017

• Gross revenues: €145.2 million, +4% compared with €140.2 million;
• Net revenues: €133.9 million, +5% compared with €127.6 million;
• EBITDA: €41.7 million, +4% compared with €40.1 million;
• EBITDA margin: 29%, unchanged on the same period of 2016;
• Net profit: €26.9 million, +16% compared with €23.2 million;
• Net financial position a positive €25.4 million, in line with the €26.3 million posted as at September 30, 2016;
• CET1: 24%, compared with 21% as at December 31, 2016. Portfolio under management
• Gross book value of assets under management (GBV) amounted to €78.9 billion, compared with

  €82.3 billion;

• Collections amounted to €1,234 million, +18% compared with €1,042 million.

Andrea Mangoni, Chief Executive Officer of doBank, remarked: "In the first nine months of 2017, doBank continued along its growth trajectory in line with the results achieved in the same period of 2016, confirming the Group's growth trend in collections, revenues, EBITDA and net profit despite the seasonality of our activities and extraordinary IT projects. We continue to enjoy strong cash generation and a positive financial position. doBank is satisfied to have reached a preliminary agreement to act as special servicer managing bad loans of about €8 billion (in terms of GBV) as part of the planned assignment and securitisation of a portfolio of bad loans with an original value of about €26 billion originated by the MPS Group, equal to about 30% of the total GBV of the operation, with a more-than-proportionate expected return compared with the allocation of the total portfolio. The doBank Group's servicing activities are expected to begin in the first quarter of 2018. The award of the special servicer engagement is an important opportunity for doBank to accelerate implementation of its Business Plan for next year".

As at September 30, 2017, doBank had gross revenues of €145.2 million, an increase of 4% on the Carve-Out Aggregate total of €140.2 million in the same period of the previous year.

More specifically, servicing revenues, generated by the Group's core business, amounted to €133.6 million, up 4% compared with the €128.7 million posted at September 30, 2016, reflecting the improvement in collections

achieved by both doBank and Italfondiario, partly attenuated by a slight decline in average fees due to the collection mix and a reduction in management fees and revenues from indemnities on portfolios sold. Revenues from co-investment and from ancillary products and minor activities totalled €11.6 million, an increase of 1% compared with the first nine months of 2016, when they amounted to €11.5 million. The rise was attributable to business information activities, administrative servicing and other ativities, as well as the increase in co- investment profits. Net revenues at September 30, 2017 amounted to €133.9 million, up 5% compared with the same period of 2016 when they totalled €127.6 million, reflecting a decline in fee and commission expense.

The CET1 ratio was equal to 24%, compared with 21% as at December 31, 2016, with the improvement mainly associated with the increase in own funds.

As at September 30, 2017 collections on loans under management totalled €1,234 million, up 18% compared with the €1,042 million posted a year earlier assuming Italfondiario net collections in 2016 or +12% assuming Italfondiario gross collections, thanks to the greater effectiveness of management activities and the capacity to exploit an improvement in general economic conditions. Collections in the third quarter were affected by the onboarding of the FINO portfolio to the two underlying securitisation vehicles.

On October 17, 2017 doBank announced that it had executed a term sheet under which the doBank Group could be engaged to manage, as a special servicer, bad loans with a GBV of about €8 billion as part of a proposed assignment and securitisation of a portfolio of bad loans with an original value of about €26 billion originated by the MPS Group. Under the engagement, the doBank Group would manage about 30% of the total GBV of the transaction, with a more-than-proportionate return compared with the allocation of the total portfolio. The execution of the servicing contracts, which is conditional on the completion of the transaction and the successful outcome of the negotiations between the parties, is scheduled to take place in conjunction with the issue of the notes in the above securitisation by the end of the year, with the doBank Group's servicing activities to begin in the first quarter of 2018. The award of the special servicer engagement is an important opportunity for doBank to accelerate implementation of its Business Plan for the year.

On October 17, 2017, the Board of Directors of doBank SpA approved the signing of a binding commitment letter for the investment of €30 million in Atlante II Fund operated by Quaestio SGR, which specialises entirely in investing in the junior and mezzanine tranches of securitisations of impaired loans, in line with doBank's co- investment strategy. The investment is conditional on completion of the rescue of Cassa di Risparmio di Rimini, Cassa di Risparmio di Cesena and Cassa di Risparmio di San Miniato as well as the signing of the final contractual documentation.

In October, the Judicial Management Division finalised an agreement with UniCredit for the provision of legal support for a portfolio under management on behalf of UniCredit.

For 2017 the Group expects a scenario of growth in collections and higher operating efficiency on the basis of the contribution of both Servicing and Ancillary Products and Minor Activities, as well as the completion of the extraordinary IT projects and the Italfondiario integration project, with the aim of maintaining high operating cash generation in terms of EBITDA-Capex.

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The results as at September 30, 2017 will be presented on Friday, November 10 at 11:00 in a conference call in audio-webcast format held by the Group's top management.

The conference call can be followed via webcast by connecting to the bank's website at www.dobank.com or the following URL: http://services.choruscall.eu/links/dobank171110.html.

As an alternative to the webcast, it will be possible to participate in the conference call by calling one of the following numbers:

ITALY: +39 02 805 88 11

UK: + 44 121 281 8003

USA: +1 718 7058794

The presentation by top management will be available as from the start of the conference call on the www.dobank.com site in the "Investor Relations/Financial Statements and Reports" section.

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Certification of the financial reporting officer

Mauro Goatin, in his capacity as the officer responsible for preparing corporate accounting documents, certifies

- pursuant to Article 154-bis, paragraph 2, of Legislative Decree 58/1998 (the Consolidated Financial Intermediation Act) - that the accounting information in this press release is consistent with the data in the accounting documentation, books and other accounting records.

The Consolidated Interim Report as at September 30, 2017 will be made available to the public at the Company's headquarters and at Borsa Italiana, as well as on the website www.dobank.com in the Investor Relations / Financial Statements and Reports" section within the statutory deadlines.

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Disclaimer

This press release contains forward-looking information on Group events and results, based on the industry current expectations, estimates and projections and on its management current views. By its very nature, such information entails risks and uncertainties as it depends on the occurrence of future events. Actual results might significantly differ from those announced due to multiple factors, including: global economic trends, competitive scenarios and political, economic and regulatory developments in Italy.

Note that the financial information relating to doBank's third quarter 2017 contained in this document is drawn from the doBank Consolidated Interim Report as of September 30, 2017. This Interim Report is not subject to audit.

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doBank, listed on the Electronic Stock Market (Mercato Telematico Azionario) organised and operated by Borsa Italiana S.p.A., is a leader, among independent servicers, in the business of managing primarily non-performing loans for banks and public and private financial institutions, with a loan portfolio under management of €81 billion (in terms of gross book value) at December 31, 2016, corresponding to more than half the volume of non- performing loans entrusted to external management in the Italian independent servicing market and approximately one-third of the total volume of non-performing loans of the same market. The gross revenues of the doBank Group at December 31, 2016, as reported in the Pro-Forma Consolidated Statements, were approximately €206.2 million, of which 93% from servicing revenues, 4% from revenues from ancillary products and the remaining 3% from revenues generated by minor banking activities.