Banca Carige S p A Cassa di Risparmio di Genova e Imperia : newly established Board of Directors appoints Francesco Guido as CEO and designates the Members of the Board Committees

PRESS RELEASE

BANCA CARIGE'S NEWLY ESTABLISHED BOARD OF DIRECTORS

APPOINTS FRANCESCO GUIDO AS CEO VESTING HIM WITH POWERS

AND DESIGNATES THE MEMBERS OF THE BOARD COMMITTEES

Genoa, 31 January 2020 - At its meeting today, Banca Carige's Board of Directors, chaired by Vincenzo Calandra Buonaura:

• has appointed Francesco Guido as Chief Executive Officer
• has set up the following Board Committees:
• • Risk Committee, made up of: Angelo Barbarulo (recommended as Chair), Paola Demartini, Miro Fiordi and Leopoldo Scarpa
  • Nomination and Governance Committee, made up of: Lucia Calvosa (recommended as Chair), Vincenzo Calandra Buonaura and Sabrina Bruno
  • Remuneration Committee, made up of: Francesco Micheli (recommended as Chair), Sabrina Bruno and Miro Fiordi
  • Related-PartyTransactions Committee, made up of: Gaudiana Giusti (recommended as Chair), Lucia Calvosa and Francesco Micheli.

The Temporary Administrators and the members of the Surveillance Committee have completed all formalities required by law for the Bank to return to ordinary administration and close the Temporary Administration period, which was imposed on the Bank by the ECB on 2 January 2019.

The reinstatement of the governing bodies follows the turnaround accomplished via the capital strengthening and derisking transaction that was announced by the Temporary Administrators on 9 August and approved by the Extraordinary Shareholders' Meeting on 20 September 2019.

'After the capital strengthening actions which have placed it at the forefront of the banking industry for its high ratios and low risk, Banca Carige aims at strengthening its role as a bank of choice in its footprint areas,' states the Chairman, Prof. Vincenzo Calandra Buonaura. 'The Board of Directors I have the honour to chair brings together high-level skills which will contribute significantly to the Bank going back to being the beating financial heart of the areas in which it operates. More robust and stronger, Carige will be more and more at the service of the development of the economic and social fabric of its areas of operation and an attentive and reliable partner for households, businesses and institutions.'

'Today we are taking over the baton from the Temporary Administrators who laid the foundations for Carige's secure and successful future,' adds the Bank's CEO, Francesco Guido. 'We now want to move "fast forward" along the path chartered by the Plan, in the aim to rightfully regain our role as an asset manager and administrator for households and an engine for development in our areas of footprint. Our journey starts with a sound, healthy, well-capitalised bank, with a robust Governance and a team of excellent professionals.'

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