Annual Report 2020 OTHER EQUITY INVESTMENTS 93.02% FoF VenturItaly (****) 100.00% Fondo Acceleratori (****) 100.00% Fondo Boost Innovation (****) 100.00% Fondo Tech Transfer (****) 72.37% Fondo Italiano Consolidamento e Crescita 65.22% Fondo Italiano Tecnologia e Crescita 20.83% FoF Fondo Italiano di Investimento 100.00% FoF Private Equity Italia 62.50% FoF Private Debt 100.00% FoF Private Debt Italia (****) 76.69% FoF Venture Capital 100.00% 59.10% 100.00% 100.00% 100.00% 70.00% 100.00% 20.83% Fondo Italiano d’Investimento FII Venture 27.98% Fondo EGO CDP EQUITY S.p.A. CDP RETI S.p.A. CDP INDUSTRIA S.p.A. FINTECNA S.p.A. CDP IMMOBILIARE S.r.l. CDP IMMOBILIARE SGR S.p.A. SACE S.p.A. 21.42% Eni S.p.A. 25.96% Fondo Opes (***) 13.33% Fondo Ver Capital Ansaldo Residenziale Poste Italiane S.p.A. 35.00% 87.57% Terna S.p.A. 29.85% Saipem S.p.A. 12.55% Immobiliare 2004 S.p.A. 100.00% SIMEST S.p.A. 76.01% 16.81% Energia S.p.A. Fondo October 11.77% Telecom Fondo Atlante 9.81% Open Fiber S.p.A. 50.00% Fincantieri S.p.A. 71.32% Alfiere S.p.A. 100.00% SACE FCT S.p.A. 100.00% Italia S.p.A. Italian Recovery Fund 12.90% 49.50% M.T. Manifattura 40.00% Vertis Venture 3 Technology Transfer (**) Treccani S.p.A. 7.48% B.F. S.p.A. 18.79% Snam S.p.A. 31.35% Tabacchi S.p.A. SACE BT S.p.A. 100.00% 37.61% 360 PoliMi TT Fund (**) 100% 49.49% Progress Tech Transfer SLP-RAIF (**) Elite S.p.A. 15.00% Hotelturist S.p.A. 45.95% Consortiums and other SACE Srv S.r.l. 18.49% Sofinnova Telethon SCA (**) 13.50% 26.73% Eureka Fund! I – Technology Transfer (**) ITsART S.p.A. 51.00% Webuild S.p.A. 18.68% SACE do Brasil 100.00% Italgas S.p.A. 26.04% 14.58% Fondo PPP Italia Redo SGR S.p.A. 30.00% 25.14% African Trade Springrowth – Fondo di credito diversificato Insurance Company 3.46% HI CrescItalia PMI 21.87% CDP Venture Capital SGR S.p.A. 70.00% 16.16% Fondo Sviluppo Anthilia BIT III 100.00% Fondo Italiano 68.00% Export 17.55% d’Investimento SGR S.p.A. Oltre II SICAF EuVECA S.p.A. (***) Fondo QuattroR QuattroR SGR S.p.A. 40.00% A share 41.96% B share 0.21% FSI I FSI SGR S.p.A. 39.00% A share 35.81% B share 0.25% F2i - Secondo Fondo Italiano per le Infrastrutture F2i - Fondi Italiani per le 14.01% A share 8.05% C share 0.02% Infrastrutture SGR S.p.A. 4.17% F2i - Terzo Fondo per le Infrastrutture 77.12% Fondo Immobiliare di Lombardia - 3.57% Comparto Uno (formerly Abitare Sociale 1) 2020 European Fund for Energy. Climate Change and 14.08% FSI Investimenti S.p.A. Infrastructure SICAV-FIS S.A. (Fondo Marguerite) 13.42% Marguerite II SCSp (Fondo Marguerite II) 25.69% 23.00% 70.00% 57.42% Rocco Forte Hotels Ltd FSIA SIA S.p.A. Inframed Infrastructure S.A.S. Investimenti S.r.l. à capital variable (Fondo Inframed) A share 38.92% B share 1.20% 25.06% 25.67% Trevi Finanziaria European Energy Efficiency Fund S.A.. Kedrion S.p.A. SICAV-SIF (EEEF Fund) Industriale S.p.A.(*****) A share 44.41% B share 34.75% 10.64% Connecting Europe Broadband Fund SICAV RAIF 0.50% (*) 50.00% IQ Made in Italy 28.40% Investment 50.00% Valvitalia Finanziaria S.p.A. Inalca S.p.A. EAF S.C.A. SICAR – Caravella (Fondo Caravella) Company S.p.A. 100.00% Fondo Investimenti per la Valorizzazione Extra Fondo Investimenti per la Valorizzazione Plus 100.00% 49.31% Fondo Investimenti per l’Abitare (FIA) 90.91% Fondo Nazionale del Turismo (FNT) Investment funds 100.00% Type of control/influence Companies in liquidazione: (*) 49.5% proforma post convertible bond conversion. Fondo FIA 2 Investment vehicles (**) Fund launched under the ITAtech investment platform; managed and co-investment agreement signed by CDP Control Significant influence Europrogetti & Finanza S.r.l. 31.80% Pentagramma Romagna S.p.A.100% and EIF focused on technology transfer funds. 1.11% Fund management relationship Pentagramma Piemonte S.p.A. 100% (***) Fund launched under the Social Impact Italia investment platform; managed and co-investment agreement European Investment Fund Bonafous S.p.A. 100% De facto control Joint control Cinque Cerchi S.p.A. 100% Quadrifoglio Modena S.p.A. 100% signed by CDP and EIF focused on social impact investing. 2.21% (****) Underwritten by CDP Equity S.p.A. Istituto per il Credito Sportivo (*****) SACE holds a further 6.99%. OTHER EQUITY INVESTMENTS 93.02% FoF VenturItaly (****) Group structure 100.00% at 31 December 2020 Fondo Acceleratori (****) 100.00% Fondo Boost Innovation (****) 100.00% Fondo Tech Transfer (****) 72.37% Fondo Italiano Consolidamento e Crescita 65.22% Fondo Italiano Tecnologia e Crescita 20.83% FoF Fondo Italiano di Investimento 100.00% FoF Private Equity Italia 62.50% FoF Private Debt 100.00% FoF Private Debt Italia (****) 76.69% FoF Venture Capital 100.00% 59.10% 100.00% 100.00% 100.00% 70.00% 100.00% 20.83% Fondo Italiano d’Investimento FII Venture 27.98% Fondo EGO CDP EQUITY S.p.A. CDP RETI S.p.A. CDP INDUSTRIA S.p.A. FINTECNA S.p.A. CDP IMMOBILIARE S.r.l. CDP IMMOBILIARE SGR S.p.A. SACE S.p.A. 21.42% Eni S.p.A. 25.96% Fondo Opes (***) 13.33% Fondo Ver Capital Ansaldo Residenziale Poste Italiane S.p.A. 35.00% 87.57% Terna S.p.A. 29.85% Saipem S.p.A. 12.55% Immobiliare 2004 S.p.A. 100.00% SIMEST S.p.A. 76.01% 16.81% Energia S.p.A. Fondo October 11.77% Telecom Fondo Atlante 9.81% Open Fiber S.p.A. 50.00% Fincantieri S.p.A. 71.32% Alfiere S.p.A. 100.00% SACE FCT S.p.A. 100.00% Italia S.p.A. Italian Recovery Fund 12.90% 49.50% M.T. Manifattura 40.00% Vertis Venture 3 Technology Transfer (**) Treccani S.p.A. 7.48% B.F. S.p.A. 18.79% Snam S.p.A. 31.35% Tabacchi S.p.A. SACE BT S.p.A. 100.00% 37.61% 360 PoliMi TT Fund (**) 100% 49.49% Progress Tech Transfer SLP-RAIF (**) Elite S.p.A. 15.00% Hotelturist S.p.A. 45.95% Consortiums and other SACE Srv S.r.l. 18.49% Sofinnova Telethon SCA (**) 13.50% 26.73% Eureka Fund! I – Technology Transfer (**) ITsART S.p.A. 51.00% Webuild S.p.A. 18.68% SACE do Brasil 100.00% Italgas S.p.A. 26.04% 14.58% Fondo PPP Italia Redo SGR S.p.A. 30.00% 25.14% African Trade Springrowth – Fondo di credito diversificato Insurance Company 3.46% HI CrescItalia PMI 21.87% CDP Venture Capital SGR S.p.A. 70.00% 16.16% Fondo Sviluppo Anthilia BIT III 100.00% Fondo Italiano 68.00% Export 17.55% d’Investimento SGR S.p.A. Oltre II SICAF EuVECA S.p.A. (***) Fondo QuattroR QuattroR SGR S.p.A. 40.00% A share 41.96% B share 0.21% FSI I FSI SGR S.p.A. 39.00% A share 35.81% B share 0.25% F2i - Secondo Fondo Italiano per le Infrastrutture F2i - Fondi Italiani per le 14.01% A share 8.05% C share 0.02% Infrastrutture SGR S.p.A. 4.17% F2i - Terzo Fondo per le Infrastrutture 77.12% Fondo Immobiliare di Lombardia - 3.57% Comparto Uno (formerly Abitare Sociale 1) 2020 European Fund for Energy. Climate Change and 14.08% FSI Investimenti S.p.A. Infrastructure SICAV-FIS S.A. (Fondo Marguerite) 13.42% Marguerite II SCSp (Fondo Marguerite II) 25.69% 23.00% 70.00% 57.42% Rocco Forte Hotels Ltd FSIA SIA S.p.A. Inframed Infrastructure S.A.S. Investimenti S.r.l. à capital variable (Fondo Inframed) A share 38.92% B share 1.20% 25.06% 25.67% Trevi Finanziaria European Energy Efficiency Fund S.A.. Kedrion S.p.A. SICAV-SIF (EEEF Fund) Industriale S.p.A.(*****) A share 44.41% B share 34.75% 10.64% Connecting Europe Broadband Fund SICAV RAIF 0.50% (*) 50.00% IQ Made in Italy 28.40% Investment 50.00% Valvitalia Finanziaria S.p.A. Inalca S.p.A. EAF S.C.A. SICAR – Caravella (Fondo Caravella) Company S.p.A. 100.00% Fondo Investimenti per la Valorizzazione Extra Fondo Investimenti per la Valorizzazione Plus 100.00% 49.31% Fondo Investimenti per l’Abitare (FIA) 90.91% Fondo Nazionale del Turismo (FNT) Investment funds 100.00% Type of control/influence Companies in liquidazione: (*) 49.5% proforma post convertible bond conversion. Fondo FIA 2 Investment vehicles (**) Fund launched under the ITAtech investment platform; managed and co-investment agreement signed by CDP Control Significant influence Europrogetti & Finanza S.r.l. 31.80% Pentagramma Romagna S.p.A.100% and EIF focused on technology transfer funds. 1.11% Fund management relationship Pentagramma Piemonte S.p.A. 100% (***) Fund launched under the Social Impact Italia investment platform; managed and co-investment agreement European Investment Fund Bonafous S.p.A. 100% De facto control Joint control Cinque Cerchi S.p.A. 100% Quadrifoglio Modena S.p.A. 100% signed by CDP and EIF focused on social impact investing. 2.21% (****) Underwritten by CDP Equity S.p.A.