CALENDAR OF CORPORATE EVENTS - 2012

Banca Popolare di Milano would like to announce that today's meeting of the Management Board approved the following Calendar of Corporate Events for 2012 in accordance with art. 2.6.2 of the "Regulations governing the markets organised and run by Borsa Italiana S.p.A.":

• approval of the draft separate and consolidated financial statements of the BPM Group for 2011 by the Management Board:Monday, 12 March 2012;
• approval of the separate and consolidated financial statements of the BPM Group for 2011 by the Supervisory Board: Wednesday, 11 April 2012;
• General Meeting of the Members of BPM: Saturday, 28 April 2012 (1st calling: Friday, 27 April 2012);
• approval of the interim report on operations at 31.3.2012: Monday, 14 May 2012;
• approval of the half-yearly report at 30.6.2012: Monday, 27 August 2012;
• approval of the interim report on operations at 30.9.2012: Monday, 12 November 2012.

As in 2011, assuming that the AGM takes place as scheduled on the above date, any dividend approved by the Members will be paid in May 2012. Taking the Stock Exchange calendar into account, the shares will go ex-coupon on 21 May 2012 and the dividend will be paid on 24 May 2012. Presentations of the results to financial analysts have not yet been scheduled.

Milan, 20 December 2011