consulate the sustainability strategies of the two banks, leveraging their respective ESG capabilities to strengthen the combined entity's positioning and promote its commitment to the communities and territories where it has its roots.

1.3 Industrial and strategic considerations

The combination with Mediobanca will create a new national champion, ready to support the country's households and businesses with a distinctive business model, characterized by a balanced mix and a solid capital and liquidity position. The strong complementarity between the two banks represents an opportunity to evolve towards a single banking entity by leveraging Innovative and specialised activities:

- a best-in-class Wealth Management player, thanks to the combination of the capabilities of Mediobanca and MPS in private banking and Banca Wibida and Mediobanca Premier in asset gathering, including through approximately 1,200 promoters in aggregate;