UBI Banca Group

Other information
Treasury shares
In 2011, the companies included in the consolidation did not hold any treasury shares or
those of the Parent, with the sole exception of IW Bank which, as at 31 st December 2011, held
831,168 treasury shares, (corresponding to 1.13% of the share capital), unchanged compared
to twelve months before, for a nominal amount of €207,792 and a value at the purchase price
of approximately €2.6 million.
Litigation
THE MARIELLA BURANI GROUP
On 11 th October 2011, Centrobanca was served with a writ of summons from the Burani
Designers Holding NV (“BDH”) Receivership (advised by Prof. Avv. Bruno Inzitari) to appear
before the Court of Milan. It claimed Centrobanca was liable in relation to a public tender offer
to purchase launched by Mariella Burani Family Holding Spa on the shares of Marella Burani
Fashion Group Spa (“MBFG”). According to the writ of summons, the Burani family and the
directors of BDH provided an inaccurate representation of the accounts to non-controlling
shareholders and markets and conceived of and promoted the public tender offer to purchase
with the sole purpose of artificially inflating the price of the MBFG share, in order to delay the
bankruptcy of the Burani Group. In this context, Centrobanca is considered responsible for
the abusive grant of loans to support the aforementioned operation, thereby generating, as a
consequence, false confidence in the capital and financial solidity of the Burani Group on the
part of creditors and the market.
The damages claimed against Centrobanca in the writ of summons amount to approximately
€134 million.
Centrobanca – which has been duly accepted as a creditor in all the bankruptcy proceedings
concerning the Burani Group – considers that this claim made through the courts is without
foundation and has already applied to the court arguing both on points of law and merit to
defend against the Receiver’s claim and in support of the complete rightfulness of its conduct.
The first hearing, originally scheduled for February 2012, has been postponed until 19 th June.
On 1 st March 2012, Centrobanca was served with a writ of summons from the Mariella Burani
Family Holding Receivership (advised by the lawyers Stefano Ambrosini and Barbara Rovati),
containing a claim for compensation, again in this case too, amounting to approximately €134
million, based on arguments of fact and law similar to those already served in the summons
served by BDH Receiver. The first hearing was set for 30 th June 2012.
The same defence team employed to defend Centrobanca against the previous summons was
engaged, in order to carry out the investigations needed for the Bank to defend itself in the
courts.
As already reported, the total gross exposure of the UBI Banca Group to the Burani Group
amounts to approximately €74.2 million, on which impairment losses of 94.6%. have been
recognised.
NOTIFICATIONS
In 2011, the Guardia di Finanza (Finance Police) served five “Written notifications of
findings” for failure to report suspect transactions for a total of €3,447,000: three notifications
for €1,836,500 were received in the first half and the remaining two, totalling €1,640,500,
were received in the second half.
The recipients of the allegations, served jointly on the legally authorised representatives of the
respective network banks, are three branch managers of Banco di Brescia and two branch
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