Moody’s improves BPER Banca's stand-alone rating to ba2 with a "stable" outlook Subordinated debt rating upgraded to Ba3 from B1

BPER Banca S.p.A. (“BPER Banca”) would like to announce that on 12 February the international rating agency, Moody's Investors Service, has raised BPER Banca’s stand-alone rating (“Baseline Credit Assessment – BCA”)  to ba2 from ba3 with a “stable” outlook. At the same time, the subordinated debt rating has improved to Ba3 from B1. The long-term deposit and issuer ratings of Baa3 and Ba3 have been confirmed.