BTP Valore - Seventh Issuance

Distribution

• Distribution Period: from Monday, March the 2nd until Friday, March the 6th 2026, with one phase (which may be reduced in the case of early closure) will be reserved to individual investors and other entities with the same nature.
• Settlement date for trades executed during the Placement Period: 10/03/2026
• Maturity date: 10/03/2032
• Dealers selected by the Issuer for the distribution: Intesa Sanpaolo S.p.A., Unicredit S.p.A.
• Fixed price for trades executed during the Placement Period (Issue price): 100%
• Coupon: the coupons will be set on the basis of a pre-set path of increasing rates over time ("step-up" mechanism).
• Placement methods: continuous trading phase only from 9.00 till 17.30 (no opening auction phase) ending at 13.00 on the fifth day of distribution, except for early closure.
• Premium: the final bonus, paid only to investors who purchase the bond at issuance and hold it until its final maturity, will be set equal to 0.8%.
• Orders that can be entered by the Market participants: buy orders only like market orders. Validity types: Good-till-Cancel (GTC).
• Minimum lot purchasable: 1,000 Eur.