Banca Carige and Nexi Sign Agreement for the Creation of a Payment Systems Partnership

PRESS RELEASE

BANCA CARIGE AND NEXI SIGN AGREEMENT FOR THE CREATION OF A PAYMENT SYSTEMS PARTNERSHIP

BANCA CARIGE WILL TRANSFER THE MERCHANT ACQUIRING ASSETS TO ITS PARTNER

Genoa, 3 April 2018 – Banca Carige S.p.A. (“Banca Carige”) and Nexi S.p.A (“Nexi”), a leading player in the management of payment services, announce they have today entered into a ten-year partnership for the distribution of new, innovative payment products and services through the

Carige Group’s distribution network.

Under the agreement, the Merchant Acquiring business will be sold by Banca Carige to Nexi

Payments S.p.A. (“Nexi Payments”), a company controlled by Nexi, for a consideration of EUR 25 million.

Banca Carige currently runs the Merchant Acquiring business by distributing products and services to approximately 20,000 customers through its branch network in Italy. The transactional volume in the Merchant Acquiring business totalled EUR 1.8 bn in 2017.

Thanks to the partnership, Banca Carige will have the opportunity to leverage the specialised expertise and investment capacity of Nexi, a leader in digital payments, and will be able to distribute new, innovative payment systems for faster and safer transactional processing to its customers.

Taking advantage of new solutions designed and developed by Nexi, Banca Carige will boost the use of cards -including for small everyday payments- and will be able to offer the new suite of international credit and debit cards featuring digital payment options to its customers.

The ten-year partnership is expected to generate up to EUR 15 mln in fee and commission income linked to the achievement of pre-set sales targets for the distribution of Merchant Acquiring services, in addition to revenues generated by the placement of services connected with other agreements.

The closing of the transaction, which is expected to take place in the second half of the year, is subject, inter alia, to the authorisation of the Bank of Italy.

Banca Carige was assisted in the deal by PwC Deals as financial advisor and law firm Gianni

Origoni Grippo Cappelli & Partners as legal advisor. Nexi was assisted by law firm BonelliErede.

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