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COMMERCIAL INDICATORS CONFIRM GOOD PACE OF THE<br />

INTEGRATION OF CAPITALIA<br />

Net New Current accounts<br />

Data as of 18 April 2008<br />

Gross margin from sales<br />

of Investment Products<br />

% growth 1Q08 vs 1Q07<br />

Small Business S/T loans stock<br />

% growth Mar07-Mar08<br />

+3.5%<br />

Annualized<br />

growth<br />

+4.4%<br />

~53,000<br />

+40%<br />

+35%<br />

+35%<br />

~25,000<br />

+16%<br />

Capitalia<br />

Capitalia<br />

Capitalia<br />

• Former Capitalia networks: performance confirms the restructuring potential,<br />

with:<br />

solid growth across different product classes and<br />

prompt adoption of UCG commercial strategies<br />

20 • keeps delivering solid growth

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