Suspension of a Director

It is hereby notified that during today's meeting, the Board of Directors of Banca popolare dell’Emilia Romagna acknowledged the order issued by the Court of Appeal of Bologna whereby, on 23rd January 2013, the same Court rejected the application submitted to suspend the enforceability of the disciplinary measure decided by Consob (decision No.  17777 of 11th May 2011), concerning the residual and accessory sanctions applicable in relation to Mr Luigi Cremonini.  Therefore, he shall be suspended from his office as Director for a period of forty-eight days.