Banca Carige S p A Cassa di Risparmio di Genova e Imperia : Outcome of the Optional Conversion of Saving Shares into Ordinary Shares

PRESS RELEASE

OUTCOME OF THE OPTIONAL CONVERSION OF SAVINGS SHARES

INTO ORDINARY SHARES

Genoa, 7 December 2020 - Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia (hereinafter "Carige" or the "Bank") announces that the Optional Conversion Period (the "Optional Conversion Period") ended on 4 December 2020.

During the Optional Conversion Period, requests were submitted for the conversion of a total of 5,139 Savings Shares, equal to 20.12% % of the savings share capital and corresponding (as a result of the application of the conversion ratio) to 105,349,500 newly issued Ordinary Shares.

Upon conclusion of the Optional Conversion Period, the Bank's share capital remains unchanged in the amount of EUR 1,915,163,696, divided into 755,371,204,973 Ordinary Shares and 20,403 Savings Shares, with no indication of par value.

Reported below is the composition of Carige's share capital before and after the Optional Conversion.

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	Share capital before the Optional	Share capital after the Optional
	Conversion	Conversion
	(Shares with no indication of par value)	(Shares with no indication of par value)
	EUR	No. of shares	EUR	No. of shares
Total
	1,915,163,696.00	755,265,881,015	1,915,163,696.00	755,371,225,376
of which:
Ordinary shares	1,915,163,631.23	755,265,855,473	1,915,163,644.27	755,371,204,973
Savings Shares	64.77	25,542	51.73	20,403

The new Ordinary Shares arising from the Optional Conversion will be made available to the

entitled holders as of 7 December 2020, by means of book entries on the	intermediar ies'
accounts with the central securities depository Monte Titoli S.p.A.
The amended Articles of Association, specifying	the new composition of the share	capital
(article 5), will be made available on the Group's	corporate	website (www.gruppocarige. it)
and on the	authorised storage portal "eMarket Storage"	(www.emarketstorage.com), when
and as filed	with the Companies' Register, following the Reverse	Stock Split (the "Reverse
Stock Split") of the Bank's ordinary and savings shares becoming	effective,	as expected, on
14 December 2020.
Information concerning the Reverse Stock	Split	will	be	disclosed	with	specific
communication by the effective date.

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