PRESS RELEASE

Share capital increase: all unexercised rights sold in the first stock exchange trading session

Bergamo, 4 th July 2011 – UBI Banca reports that all the 53,154,927 option rights (the “ Rights ”), unexercised at the end of the Offer Period of the share capital increase, were sold by UBI Banca through today in the first session of the Rights offer on the stock exchange in accordance with article 2441, paragraph three of the Italian Civil Code. The Rights may be used to subscribe 20,249,496 newly issued ordinary shares of UBI Banca (the “ Shares ”) with a par value of 2.50 euro each, of the same class as the shares already outstanding and with regular dividend entitlement, at a price of 3.808 euro per share and at an exchange ratio of 8 Shares for every 21 Rights held, for a total amount of 77,110,080.77 euro. Subscription of the Shares must be performed through authorised intermediaries who are members of the Monte Titoli S.p.A. centralised system by and not later than 11 th July 2011, when the Rights expire. The Shares subscribed by the end of the offer period on the Stock Exchange shall be credited to the accounts of the intermediaries who are members of the centralised management system operated by Monte Titoli S.p.A. at the end of the accounting day of the last day for the exercise of option rights and shall therefore be available from the following settlement day. Communication of the final results of the Offer will be made within five working days of the subscription of the Shares at the end of the offer period for the Rights, in a specific press release. The share issue is underwritten by a syndicate of co-ordinated and led by Mediobanca – Banca di Credito Finanziario S.p.A. and Centrobanca – Banca di Credito Finanziario e Mobiliare S.p.A., as joint global co-ordinators, and by as co-global co-ordinator. Mediobanca – Banca di Credito Finanziario S.p.A., Morgan Stanley, Capital, BNP Paribas, Citi, Deutsche AG London Branch and ING as joint bookrunners, together with the co-bookrunners, have agreed to subscribe – under the usual terms and conditions for this type of operation – those shares not taken up at end of the offer period on the stock exchange. Crédit Agricole Corporate & Investment Bank, EQUITA S.I.M. S.p.A., HSBC, Intermonte, , Nomura, Société Générale Corporate & and The Royal are acting as co-bookrunners. The prospectus is available at the registered offices of UBI Banca at 8, Piazza Vittorio Veneto, Bergamo, on the website www.ubibanca.it and on the website of Borsa Italiana S.p.A. at www.borsaitaliana.it.

This communication does not constitute an offer or an invitation to subscribe for or purchase any securities. The securities referred to herein have not been registered and will not be registered in the United States under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful. The securities may not be offered or sold in the United States or to U.S. persons unless such securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.

For further information UBI Banca – Investor Relations – tel. +39 0353922217 E-mail: [email protected] UBI Banca – Media relations – tel.+39 0302433591 – +39 3358268310 E-mail: [email protected] Copy of this press release is available on the web site www.ubibanca.it

This communication does not constitute an offer or an invitation to subscribe for or purchase any securities. The securities referred to herein have not been registered and will not be registered in the United States under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful. The securities may not be offered or sold in the United States or to U.S. persons unless such securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.