INFORMATION MEMORANDUM 2 December 2011 INTESA SANPAOLO BANK IRELAND p.l.c. Société Européenne de Banque S.A. (each an Issuer and together, the Issuers) Name of the Programme Intesa Sanpaolo Bank Ireland p.l.c. and Société Européenne de Banque S.A. Guaranteed Euro-Commercial Paper and Certificate of Deposit Programme Type of the Programme Multi-Issuer Global Guaranteed Euro-Commercial Paper and Certificate of Deposit Programme Maximum Amount of the €30,000,000,000 Programme Guarantor Intesa Sanpaolo S.p.A. Rating(s) Rated Moody's Investors Service Limited (Moody's) Standard & Poor's Rating Services, a division of The McGraw Hill Companies Inc. (Standard & Poor's) Fitch Ratings (Fitch) Arrangers Intesa Sanpaolo Bank Ireland p.l.c. Intesa Sanpaolo S.p.A. Issuing and Paying Agent The Bank of New York Mellon Dealers Barclays Capital BofA Merrill Lynch Citigroup Rabobank International Credit Suisse Deutsche Bank Goldman Sachs International ING Commercial Banking Intesa Sanpaolo S.p.A. Morgan Stanley The Royal Bank of Scotland UBS Investment Bank Listing: Irish Stock Exchange Date of signature of the 2 December 2011 Information Memorandum 0050829-0000188 ICM:13830736.4 1 CERTAIN DEFINITIONS The Guarantor is the surviving entity from the merger between Banca Intesa S.p.A. and Sanpaolo IMI S.p.A., which was completed with effect from 1 January 2007. Pursuant to the merger, Sanpaolo IMI S.p.A. merged by incorporation into Banca Intesa S.p.A. which, upon completion of the merger, changed its name to Intesa Sanpaolo S.p.A. Accordingly, in this Information Memorandum: (a) references to the Guarantor and to Intesa Sanpaolo are to Intesa Sanpaolo S.p.A. in respect of the period since 1 January 2007 and references to the Intesa Sanpaolo Group are to the Guarantor and its subsidiaries in respect of the same period; (b) references to Banca Intesa or Intesa are to Banca Intesa S.p.A. in respect of the period prior to 1 January 2007 and references to the Banca Intesa Group are to Banca Intesa and its subsidiaries in respect of the same period; and (c) references to Sanpaolo IMI are to Sanpaolo IMI S.p.A. in respect of the period from 1 January 2007 and references to Sanpaolo IMI Group are to Sanpaolo IMI and its subsidiaries in respect of the same period. 0050829-0000188 ICM:13830736.4 2 TABLE OF CONTENTS IMPORTANT NOTICE ...............................................................................................................................4 DOCUMENTS INCORPORATED BY REFERENCE .................................................................................7 SUMMARY OF THE PROGRAMME .........................................................................................................9 DESCRIPTION OF INTESA SANPAOLO BANK IRELAND P.L.C.........................................................17 DESCRIPTION OF SOCIÉTÉ EUROPÉENNE DE BANQUE S.A............................................................20 DESCRIPTION OF THE GUARANTOR...................................................................................................24 RECENT EVENTS OF THE GUARANTOR .............................................................................................40 GENERAL INFORMATION .....................................................................................................................60 CERTIFICATION OF INFORMATION OF INTESA SANPAOLO BANK IRELAND P.L.C. ..................62 CERTIFICATION OF INFORMATION OF SOCIÉTÉ EUROPÉENNE DE BANQUE S.A. .....................63 CERTIFICATION OF INFORMATION OF THE GUARANTOR .............................................................64 INFORMATION CONCERNING THE ISSUERS' REQUEST OF THE STEP LABEL .............................65 FORM OF MULTI CURRENCY GLOBAL NOTE....................................................................................66 FORM OF MULTI CURRENCY GLOBAL NOTE WHICH IS A NEW GLOBAL NOTE.........................77 FORM OF DEFINITIVE MULTI CURRENCY NOTE..............................................................................87 FORM OF MULTI CURRENCY GLOBAL CERTIFICATE OF DEPOSIT...............................................97 FORM OF MULTI CURRENCY GLOBAL CERTIFICATE OF DEPOSIT WHICH IS A NEW GLOBAL NOTE..........................................................................................................................................107 FORM OF DEFINITIVE MULTI CURRENCY CERTIFICATE OF DEPOSIT .......................................117 FORM OF CONTRACTUAL TERMS.....................................................................................................127 SELLING RESTRICTIONS.....................................................................................................................130 Appendix 1a .............................................................................................................................................133 Intesa Sanpaolo Bank Ireland p.l.c. 2009 Annual Report...........................................................................133 Appendix 1b.............................................................................................................................................134 Société Européenne de Banque S.A. 2009 Annual Report .........................................................................134 Appendix 1c .............................................................................................................................................135 The Guarantor's 2009 Annual Report ........................................................................................................135 Appendix 2a .............................................................................................................................................136 Intesa Sanpaolo Bank Ireland p.l.c. 2010 Annual Report...........................................................................136 Appendix 2b.............................................................................................................................................137 Société Européenne de Banque S.A. 2010 Annual Report .........................................................................137 Appendix 2c .............................................................................................................................................138 The Guarantor's 2010 Annual Report ........................................................................................................138 Appendix 3...............................................................................................................................................139 Programme Ratings ..................................................................................................................................139 Appendix 4...............................................................................................................................................140 Text of Guarantee for the Instruments.......................................................................................................140 0050829-0000188 ICM:13830736.4 3 IMPORTANT NOTICE This Information Memorandum (together with any supplementary information memorandum and information incorporated herein by reference, the Information Memorandum) replaces and supersedes the information memorandum originally dated 9 March 2011. This Information Memorandum contains summary information provided by INTESA SANPAOLO BANK IRELAND p.l.c. and SOCIÉTÉ EUROPÉENNE DE BANQUE S.A. (each an Issuer and together, the Issuers) and INTESA SANPAOLO S.p.A. (the Guarantor) in connection with a guaranteed euro- commercial paper and certificate of deposit programme (the Programme) under which the Issuers may issue and have outstanding at any time euro-commercial paper notes (the Notes) and/or certificates of deposit (the CDs and, together with the Notes, the Instruments) up to a maximum aggregate amount of €30,000,000,000 or its equivalent in alternative currencies. Under the Programme, the Issuers may issue Instruments outside the United States pursuant to Regulation S (Regulation S) of the United States Securities Act of 1933, as amended (the Securities Act). The Issuers and the Guarantor have, pursuant to a dealership agreement dated 9 March 2011 (the Dealership Agreement), appointed Banc of America Securities Limited, Barclays Bank PLC, Citibank International plc, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank International), Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Goldman Sachs International, ING Bank N.V., Intesa Sanpaolo S.p.A., Morgan Stanley & Co. International plc, The Royal Bank of Scotland plc and UBS Limited as dealers for the Instruments (the Dealers) and authorised and requested the Dealers to circulate the Information Memorandum in connection with the Programme on their behalf to purchasers or potential purchasers of the Instruments. The Instruments will have the benefit of a guarantee by the Guarantor (the Guarantee), the terms of which are contained in the Deed Polls in respect of the Notes and Certificates of Deposit respectively dated 9 March 2011. The text of the Guarantee is set out in Appendix 4. This Information Memorandum comprises listing particulars for the purposes of the application to The Irish Stock Exchange Limited (the Irish Stock Exchange) and has been approved by the Irish Stock Exchange. The approval of the Irish Stock Exchange relates only to Instruments that are admitted to the official list of the Irish Stock Exchange