Mediobanca S p A : capital ratios comfortably higher than the requirement set by the ECB

PRESS RELEASE

MEDIOBANCA CAPITAL RATIOS

COMFORTABLY HIGHER THAN THE REQUIREMENT SET BY THE ECB

Mediobanca has received notice from the ECB regarding the Pillar 2 Capital Requirement (P2R) to be met at the consolidated level starting from 1 January 2024, in accordance with the outcome of the Supervisory Review and Evaluation Process (SREP) for 2023.

In particular, the overall capital requirements to be met are 8.15% for the Common Equity

Tier 1 ratio, 9.99% for the Tier 1 ratio, and 12.45% for the Total Capital Ratio.1

The requirement is made up of:

4.5% Common Equity Tier 1 ratio;

Pillar 2 requirement 1.82%, 1.02% by way of Common Equity Tier 1 ratio and 1.37% of Tier 1 ratio;

Capital Conservation Buffer of 2.5%, all of which Common Equity Tier 1 ratio.

A new O-SII buffer of 0.125%2, all of which Common Equity Tier 1 ratio, after Mediobanca was included among the banks classified as systemically important financial institutions.

Mediobanca's capital ratios at the consolidated level as at 30 September 2023, including the dividend accruals with a payout ratio of 70%, were comfortably higher than the requirements set, as follows:

15.5% for the Common Equity Tier 1 ratio;

17.6% for the Total Capital ratio.

Milan, 1 December 2023

1. Ratios do not include the Countercyclical Buffer of 0.13% as at 30/9/23.
2. Fully-loadedbuffer at 0.25% in 2025.