UBI Banca Group

22.2 Details of the item 330 “Loss for the year attributable to non controlling
interests”
Losses attributable to non controlling interests, inclusive of the effects of consolidation entries,
totalled €32,138 thousand and were composed as follows:
2011 2010
Banca Regionale Europea Spa (18,361) (848)
Banco di San Giorgio Spa (6,081) (954)
Banca di Valle Camonica Spa (4,202) (637)
UBI Leasing Spa (826) (792)
Ubi Pramerica (2,365)
Investnet International Sa (292) (1,305)
IW Bank Spa - (92)
Other companies (11) (3)
Total (32,138) (4,631)
SECTION 23 Other information
No situations exist which require further information.
SECTION 24 Earnings per share
Introduction
With the adoption of international accounting standards, all listed companies, or companies
for which listing is in progress, which are required to prepare separate company and/or
consolidated financial statements in compliance with IFRS (Legislative Decree No. 38/2005),
must report the calculation of their earnings per share (EPS) in their financial statements in
accordance with IAS 33.
More specifically that standard requires both basic earnings per share and diluted earnings
per share to be reported:
(i) basic EPS has been calculated by dividing the profit attributable to the ordinary
equity holders of the Parent (numerator) by the weighted average number of
ordinary outstanding shares (denominator) during the year
(ii) diluted EPS has been calculated by taking into account the dilutive effect of
potential ordinary shares, i.e. financial instruments and/or contracts which assign
rights to the holders to acquire ordinary shares.
Earnings per share for the year ended 31 st December 2011
Calculation of basic EPS
On the basis of what has been stated above, the numerator for calculating basic EPS amounts
to -€1,841,488 thousand.
With regard to the denominator of this indicator, the weighted average number of outstanding
ordinary shares as at 31 st December 2011 was 774,891,234.
In this respect:
(i) as at 1 st January 2011 the outstanding ordinary shares of UBI Banca numbered
639,145,902;
(ii) on 3 rd March 2011 268 shares were issued for the conversion of a convertible bond
issue,
(iii) on 3 rd June 2011 96 shares were issued for the conversion of a convertible bond
issue;
(iv) on 24 th June 2011 242,331,448 shares were issued following the exercise of option
rights for the share capital increase;
365