On April 23, 2021, Crédit Agricole Italia has published the provisional results of the cash voluntary public tender offer for all ordinary shares of Credito Valtellinese S.p.A. Based on the provisional results communicated by the appointed intermediaries, approximately 90.94% of the company shares subject to the offer and representing approximately 88.71% of the share capital of the Company have been tendered in acceptance of the offer during the acceptance period. As a result, and taking into account the 2.45% stake in the Company already owned, Crédit Agricole Italia will come to hold a total of approximately 91.17% of the share capital of the Company, which is above the 90% threshold targeted. Crédit Agricole welcomes the fact that the large majority of the Company shareholders seized the opportunity represented by the offer, thus contributing to the creation of a solid Italian banking group, serving 3 million customers, producing positive effects on the local communities, and benefitting all stakeholders.