NOTICE

The cash tender offer for the Banca Cassa di Risparmio di Firenze ordinary shares (the Offer) described herein is not being, and will not be, made, directly or indirectly, in or into the United States of America, Canada, Japan, Australia or any other jurisdiction outside Italy in which the Offer would require the authorization of the relevant regulatory authorities or would violate applicable laws or regulations (the "Other Countries"). Intesa Sanpaolo will not be permitted to accept, directly or indirectly, any tenders made, in connection with the Offer, in or from any of the foregoing jurisdictions.

The Offer is not being, and will not be, made, directly or indirectly, through the facility of any securities exchange, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce (including, without limitation, by post, facsimile transmission, telex, e-mail, telephone, the Internet or any other electronic mechanism) of, the United States of America, Canada, Japan, Australia, or Other Countries, and any such offer will not be capable of acceptance by any such use, means, instrumentality or facility.

Click here if you are a resident of the United States of America, Canada, Japan, Australia or one of the Other Countries (as defined above) or if you are physically located in the United States of America, Canada, Japan or Australia or one of the Other Countries.

Click here if you are a resident of Italy or another country in which the Offer is made.