UBI Banca Group

Certification of the consolidated financial statements pursuant to Art. 81-ter of the
Consob Regulation 14 th May 1999, No.11971 and subsequent modifications and
integrations
1. The undersigned Victor Massiah, Chief Executive Officer, and Elisabetta Stegher, Senior Officer
Responsible for preparing the company accounting documents of UBI Banca Scpa, having taken account
of the provisions of paragraphs 3 and 4 of article 154 bis of Legislative Decree No. 58 of 24 th February
1998, hereby certify:
• the adequacy in relation to the characteristics of the company and
• the effective application
of the administrative and accounting procedures for the preparation of the consolidated financial
statements during the course of 2011.
2. The model employed
The assessment of the adequacy of the administrative and accounting procedures for the preparation of
the consolidated financial statements as at and for the year ended 31 st December 2011 was based on an
internal model defined by UBI Banca Scpa and developed in accordance with the framework drawn up
by the Committee of Sponsoring Organisations of the Treadway Commission (COSO) and with the
framework Control Objectives for IT and related technology (COBIT) which represent the generally
accepted international standards for internal control systems.
3.Furthermore, it is certified that:
3.1 the consolidated financial statements:
a) were prepared in compliance with the applicable international financial reporting standards
recognised by the European Community in accordance with the Regulation No. 1606/2002
(EC) issued by the European Parliament on 19 th July 2002;
b) correspond to the records contained in the accounting books;
c) give a true and fair view of the capital, operating and financial position of the issuer and of
the group of companies included in the consolidation.
3.2 the management report comprises a reliable analysis of the performance, operating results and
position of the issuer and of the companies included in the consolidation, together with a description,
insofar as they are known, of the main risks and uncertainties to which they are exposed.
Bergamo, 27 th March 2012
Victor Massiah
Chief Executive Officer
(signed on the original)
Elisabetta Stegher
Senior Officer Responsible for
preparing the company accounting
(signed on the original)
224