ANNUAL SHAREHOLDERS' MEETING OF ILLIMITY BANK S.P.A.

NEW BOARD MEMBER APPOINTED

TO REINTEGRATE THE BOARD OF DIRECTORS

APPROVAL OF THE 2023 SEPARATE FINANCIAL STATEMENTS AND DISTRIBUTION OF

A DIVIDEND EQUAL TO 0.2488 EURO PER SHARE

  • Ivana Bonnet Zivcevic appointed by the Shareholders' Meeting as Director
  • Approval of the Separate Financial Statements of illimity Bank S.p.A. at 31 December 2023 and presentation of the Consolidated Financial Statements showing a net profit of 104.4 million euro (+39% y/y), total assets at 7.3 billion euro (+14% y/y) and an asset quality under control as well as a strong capital base (CET1 ratio at 14.7%)
  • Approval of the allocation of net profit as at 31 December 2023
  • Presentation of the 2023 Consolidated Non-Financial Statement and the 2023 Report on Corporate Governance and Ownership Structure
  • Approval of the Report on the 2024 Remuneration Policy and Compensation Paid in 2023 and the annual incentive plan called "MBO Plan"
  • Approval of the authorization to purchase and dispose of treasury shares

Milan, 24 April 2024 - The General Meeting of the Shareholders of illimity Bank S.p.A. ("illimity" or the "Bank") was held today at the company's offices in Via Soperga 9, Milan and adopted the following resolutions by a large majority.

Integration of the Bank's Board of Directors with the appointment of Ivana Bonnet Zivcevic

The Shareholders' Meeting approved by majority the appointment of Ivana Bonnet Zivcevic as a new member of illimity's Board of Directors, upon the proposal of a plurality of asset management companies and investment fund manager companies, following the resignation of Director Patrizia Canziani (as already communicated to the market).

Ivana Bonnet Zivcevic will continue to serve for the remaining period of the current term, until the Shareholders' meeting convened for the approval of the financial statements as of December 31, 2024.

The curriculum vitae of the Director is available on the Bank's website www.illimity.com.

Illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com

Approval of the 2023 Separate Financial Statements and allocation of net profit as at 31 December 2023

The Shareholders' Meeting approved the Separate Financial Statements of illimity at 31 December 2023, which closed with a net profit of 102,307,086.65 euro, resolving to:

  • allocate 1,855,834.25 euro to the legal reserve, so reaching the maximum amount of the reserve corresponding to one-fifth of the share capital;
  • distribute dividend of 0.2488 euro, or 24.88 cents, to each of the 83,916,330 outstanding ordinary shares, for a total of 20,878,382.901 euro (20% dividend payout on consolidated net profit). The dividend will be put into payment on 22 May 2024 (payment date), with the detachment of coupon no. 2 on 20 May 2024 and the record date pursuant to article 83- terdecies of the Consolidated Law on Finance being 21 May 2024;
  • allocate the remaining profit of 52,222,380.35 euro to retained earnings.

The Shareholders' Meeting also formally acknowledged illimity's Consolidated Financial Statements as of 31 December 2023, which closed with a net profit of 104.4 million euro, total assets 7.3 billion euro, as already announced to the market on 9 February 2024.

Consolidated Non-Financial Statement and Report on Corporate Governance and Ownership Structure

The illimity Group's Sustainability Report - or Consolidated Non-FinancialStatement pursuant to Legislative Decree no. 254/2016 (CNFS) - was also presented to the Shareholders' Meeting.

The 2023 Report on Corporate Governance and Ownership Structure, prepared pursuant to article 123-bisof Legislative Decree no. 58/1998 (the "TUF") and the "Supervisory Provisions" issued by the Bank of Italy, were also presented at the meeting.

Remuneration policy and annual incentive scheme for 2024, compensation paid in 2023

In addition, the Shareholders' Meeting approved Section I of the Report on the 2024 Remuneration Policy and Compensation Paid in 2023, which sets out the reasoning behind the remuneration and incentives to be granted in 2024 to members of the corporate bodies having strategic supervisory, management and control functions and to the other members of staff, including the material risk takers, of the Bank's subsidiaries, prepared pursuant to article 123-ter of the TUF, article 84-quarter of Consob Regulation no. 11971/1999 (the "Issuers' Regulation") and the requirements of Bank of Italy Circular no. 285/2013 on remuneration.

The Shareholders' Meeting also resolved in favour of Section II of the above-mentioned report, relating to compensation paid in 2023, as well as on the annual incentive system for fiscal year 2024, called "MBO Plan", which provides, in part, the allocation of illimity Bank ordinary shares.

1 Including 22,005.12 euro due as dividend to treasury shares.

Illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com

Authorization to purchase and disposal of treasury shares

Lastly, the Shareholders' Meeting approved the authorization to purchase and dispose of treasury shares (following the authorization already received from Bank of Italy) to implement the 2024 Incentive Schemes, in compliance with the transition of illimity to the cluster of banks with larger dimension or operational complexity2.

***

Reference should be made to the summary report published today for details of how votes were cast at the meeting on the items on the agenda.

The documentation relating to the Shareholders' Meeting is available for consultation on the website www.illimity.comunder the section "Governance/Shareholders and BoD Meetings".

***

For further information:

Investor Relations & Sustainability

Fabio Pelati +39.335.7853370 - fabio.pelati@illimity.com

Press & Communication illimity Vittoria La Porta, Elena Masseipress@illimity.com

Ad Hoc Communication Advisors Flavia Antongiovanni +39 345 7751791 Simona Di Nicola +39 335 141 5578 illimity@ahca.it

illimity Bank S.p.A.

illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. More specifically, illimity extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform ARECneprix and provides digital direct banking services through illimitybank.com. illimity SGR, which sets up and manages alternative investment funds, the first of which dedicated to UTP loans, is also a member of the Group. The story of the illimity Group began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A., which ended with a record 600 million euro being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., with the resulting merger between the two giving rise to "illimity Bank S.p.A." which has been listed on the Italian Stock Exchange since 5 March 2019 (ticker "ILTY"), first on the MTA exchange and since September 2020 on the STAR segment. The banking group, headquartered in Milan, can count on 921 employees and ended 2023 with assets of around 7.3 billion euro.

2 Balance sheet assets, on an individual basis, in excess of 5 billion euro, calculated as an average of the four years immediately preceding the current fiscal year.

Illimity Bank S.p.A., Sede Legale Via Soperga 9, 20124 Milano, Italia - www.illimity.com

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illimity Bank S.p.A. published this content on 24 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2024 15:53:07 UTC.