VOLUNTARY PUBLIC EXCHANGE OFFER LAUNCHED BY UNICREDIT ON BANCO BPM’S SHARES

The Board of Directors of Banco BPM ("BBPM" or the "Bank"), which met today in the context of a previously scheduled session, has acknowledged the notice pursuant to Article 102 of the Legislative Decree No. 58 of 24 February 1998 disseminated by UniCredit on November 25 (the "Notice"), concerning the launch of a voluntary public exchange offer on all the shares of BBPM (the "Offer").