Banco BPM S p A : ESG PROFILE

2021 SUSTAINABILITY WEEK PRESENTATION

Investor Presentation

July 1st, 2021

Gruppo Banco BPM - Uso Interno

DISCLAIMER

This presentation has been prepared by Banco BPM ("Banco BPM"); for the purposes of this notice, "presentation" means this document, any oral presentation, any question and answer session and any written or oral material discussed following the distribution of this document.

The distribution of this presentation in other jurisdictions may be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of, and observe, these restrictions. To the fullest extent permitted by applicable law, Banco BPM and its subsidiaries disclaim any responsibility or liability for the violation of such restrictions by any person.

This presentation does not constitute or form part of, and should not be construed as, any offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Banco BPM or any member of its group or any advice or recommendation with respect to such securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities in Banco BPM or any member of its group, or investment decision or any commitment whatsoever. This presentation and the information contained herein does not constitute an offer of securities in the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933 (the "Securities Act"), as amended), Canada, Australia, Japan or any other jurisdiction where such offer is unlawful.

The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating without notice. Certain statements in this presentation are forward-looking statements about Banco BPM. Forward-looking statements are statements that are not historical facts and are based on information available to Banco BPM as of the date hereof, relying on scenarios, assumptions, expectations and projections regarding future events which are subject to uncertainties because dependent on factors most of which are beyond Banco BPM's control. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates" and similar expressions. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Banco BPM does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. You should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation. All subsequent written and oral forward-looking statements attributable to Banco BPM or persons acting on its behalf are expressly qualified in their entirety by this disclaimer.

None of Banco BPM, its subsidiaries or any of their respective representatives, directors, officers or employees nor any other person accepts any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or otherwise arising in connection therewith.

By participating to the presentation of the Group results and accepting a copy of this presentation, you agree to be bound by the foregoing limitations regarding the information disclosed in this presentation.

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This presentation includes both accounting data (based on financial accounts) and internal management data (which are also based on estimates).

For financial data, please also refer to Methodological Notes of Q1 2021 Results presentation: https://gruppo.bancobpm.it/en/investor-relations/presentations/

Mr. Gianpietro Val, as the manager responsible for preparing the Bank's accounts, hereby states pursuant to Article 154-bis, paragraph 2 of the Financial Consolidated Act that the accounting data contained in this presentation correspond to the documentary evidence, corporate books and accounting records.

Gruppo Banco BPM - Uso Interno

AGENDA

Group presentation

Sustainability profile

ESG strategic roadmap

Sustainability actions and initiatives

ESG ratings and certifications

Gruppo Banco BPM - Uso Interno

BANCO BPM: THIRD ITALIAN BANKING PLAYER WITH A VERY STRONG FRANCHISE AND LOCAL ROOTS

AMONG THE TOP PLAYERS IN THE ITALIAN

BANKING INDUSTRY

Total Assets as at 31/03/2021, in € bn

1001

942

#3

197

147 129

59 51 25

• Customers: ~4 million
  # Branches1: ~1,500

National Market share2: 7.6%

Leadership in the wealthiest

regions of Italy

2°		3°	3°
Lombardy		Veneto	Piedmont
# branches:		# branches:	# branches:
663		212	210
Market share:	Market share:	Market share:
13.8%		9.0%	11.0%
BRANCHES:		North	77%
GEOGRAPHIC	Centre	15%
DISTRIBUTION
(ITALY)		South	8%

Market share ≥ 15% in 18 provinces, including the location in some highly important industrial clusters

LEADING POSITION IN NORTHERN ITALY

NUMBER OF BRANCHES AND NATIONAL MARKET SHARES2

5		11	9
	1.5%
6.8%		1.4%
663	212
210	13.8%	9.0%
11.0%		186

88 7.8%

13.7%	168		1
		9.4%	6 0.1%
			1.5%	1	5
			100
			0.2%	5.1%
			5.2%
						36
		1			43	3.4%
	0.2%		3.5%	2
		1.0%
						1
Regional market share1:				0.3%
0 - 2%		2 - 5%
5 - 10%		>10%		61
				5.1%

Note:

1. Includes Banca Aletti PB branches and other Group outlets.
2. Market shares and ranking by number of branches as at 31/03/2021, excluding ICCREA and Cassa Centrale Banca. Source: Studies and Research on Bank of Italy Supervisory Reports

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Gruppo Banco BPM - Uso Interno

SUPPORTING THE ITALIAN ECONOMY WHILE MAINTAINING A SAFE LIQUIDITY & CAPITAL PROFILE

«CORE» NET PERF. CUSTOMER LOANS		CA & CUSTOMER DEPOSITS

€ bn	+13.3bn		€ bn	+28.5bn		▪ STRONG SUPPORT TO OUR
						CUSTOMERS AND TO THE ITALIAN
	98,4	99,2		100,0	101,7	ECONOMY CONFIRMED ALSO IN
85,9	73,2	THE TOUGH ECONOMIC
						ENVIRONMENT AFFECTED BY COVID
31/12/16	31/12/20	31/03/21	31/12/16	31/12/20	31/03/21
(IAS 39)	1		(IAS 39) PF 1

	LIQUIDITY RATIOS
(%)
	LCR		NSFR:
	191	209
184	ALWAYS >100%
31/12/16	31/12/20	31/03/21

	CET1 RATIO FL		▪	SAFE LIQUIDITY PROFILE AND
(%)
+130bps				STRONG CAPITAL POSITION
		Including		IMPROVED FURTHER VS THE
11,4	13,3	12,7	headwinds2		BEGINNING OF THE MERGER
			12.0	▪	MDA BUFFER FL AT +377BPS AS AT
			Management		31/03/2021, WELL ABOVE THE
			guidance		MANAGEMENT GUIDANCE
31/12/16	31/12/20	31/03/21			(>250BPS)

Notes: 1. PF data exclude the volumes of the custodian bank (€2.4bn at YE 2016), sold in Q3 2018. 2. Regulatory headwinds related to internal credit risk model update (-85bps).

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