Intesa Sanpaolo Investor Presentation — February 2022

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February 4, 2022A strong Bank for a

sustainable world2021 Results

Ready for the new Business Plan

Excellent performance with Balance sheet further strengthenedMIL-BVA362 -03032014 -90141/VR

1ISP delivered excellent 2021 performance…

(1) Excluding the accounting effect of the combination with UBI Banca and goodwill impairment

(2) Data redetermined -where necessary and material -considering the changes in the scope of consolidation following the inclusion of UBI Banca and, on the basis of management accounts, the reallocation of the contribution of branches sold in 1H21 to Incom e (Loss) from discontinued operations, the full line -by-line consolidation of

Assicurazioni Vita (former Aviva Vita), Lombarda Vita and Cargeas Assicurazioni (not considering, on the basis of management accounts, the contribution of branches sold in 1H21), and the effects of the acq uisition of the REYL Group

(3) Taking into account ~€4.8bn gross (~€1.5bn net) 2022 NPL disposals already funded in 4Q21 and still booked in NPL as at 31.12 .21

(4) According to EBA definitionLowest -ever gross NPL inflow coupled with a strong increase in NPL coverage (53.6%, +5pp vs FY20)Best year since 2007 for Net income at €4.2bn (+19% vs FY20(1)), €5.3bn excluding additional provisions on NPL portfolios

to accelerate NPL deleveraging

Lowest -ever NPL stock and ratios, with gross NPL ratio at 2.4%(4)and net NPL ratio at 1.2 %(4)

(<2% and <1% on a pro -forma basis(3)(4))Best -ever year for Operating income (+1.9% vs FY20(2)) and Operating margin (+5.4% vs FY20(2))

€5.7bn gross NPL reduction on a yearly basis (€ 10.5bn on a pro -forma basis(3), of which €7.8bn in Q4(3))

Excellent performance despite COVID -19 impact while successfully merging UBI Banca

and paving the way for the new Business PlanBest -ever year for Commissions (+9.3% vs FY20(2)), with €90bn growth in Customer financial assets

Decrease in Operating costs ( -1.1% vs FY20(2)), with Cost/Income down to 52.5% ( -1.6pp vs FY20(2))€2.9bn cash dividends for 2021, equal to a 70% payout ratioMIL-BVA362 -03032014 -90141/VR

2… allocating €2.2bn out of 2021 Pre -tax profit to succeed in the coming years

deleveraging(1)Q4 additional

with trade unions~2,220

~€1.7bn in Q4Enabling ~€7.7bn gross NPL disposals

(of which ~€4.8bn(3)in 2022)

Note: figures may not add up exactly due to rounding

(1)Q2 and Q3 additional provisions enabling a total of ~€1.5bn gross NPL disposals

(2)Booked in Net provisions and Net impairment losses on other assets

(3)Still booked in NPL as at 31.12.21MIL-BVA362 -03032014 -90141/VR