FinecoBank : PR - Purchase of treasury shares 2020 Incentive System for PFA

PRESS RELEASE

FinecoBank S.p.A.: Purchase of treasury shares to support the 2020 Incentive System for Personal Financial Advisors (PFA) identified staff - "2020 PFA SYSTEM"

Milan, January 15, 2020

FinecoBank S.p.A. informs that today's Board of Directors resolution, according to the provisions of articles 2357 and 2357-ter of the Civil Code, 132 of Legislative Decree no. 58/1998 and 144-bis of Consob Regulation n. 11971/1999, it will be required to the FinecoBank's ordinary shareholders' meeting - that will be called to approve 2019 financial statement - the authorization to purchase and to dispose of treasury shares for a maximum number of 235,516 FinecoBank ordinary shares, in order to acquire the financial instruments needed to carry out the "2020 PFA System" for the Personal Financial Advisors identified staff.

The requested authorization is for a maximum number of 235,516 ordinary shares, equal to 0.04% of share capital and, therefore, well below the maximum limit of 20% provided by the applicable regulation, also taking into consideration the number of 737,448 treasury shares owned by the Company at the date of the present report, equal to 0.12% of the current share capital, and also the maximum number of treasury shares that at the moment is estimated to be assigned to support Incentive Systems already approved or that will be approved in the future, or other needs not foreseeable at the moment.

The amount of the purchasing operations should not be below the nominal per share value, equal to a nominal value of Euro 0.33 and not above, as a maximum, to the official closing price of FinecoBank ordinary shares registered in the MTA ("Mercato Telematico Azionario" - Milan Stock Exchange) in the day preceding the purchase, increased by 5%.

The authorization to purchase will be released for a period of eighteen months from the date of the Shareholders' Meeting that passed the resolution for the authorization.

Buy back operations of treasury shares could be executed only after having received the necessary authorization of the Regulator, according to articles 77-78 Reg. UE no. 575/2013 (CRR) dated June 26, 2013.

FinecoBank

FinecoBank is one of the most important FinTech banks in Europe. It offers from a single account banking, credit, trading and investment services though transactional and advisory platform developed with proprietary technologies, and combined with one of the largest financial advisory network in Italy. Fineco is a bank leader in brokerage in Europe, and one of the most important player in Private Banking in Italy, offering tailor-made advisory services. Since 2017, FinecoBank is also in UK with an offer focused on brokerage and banking services.

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