FinecoBank S p A : PR - Assesment requirements directors

PRESS RELEASE

FinecoBank: assessment of the requirements of the Directors appointed by the Shareholders' Meeting

Milan, May 9, 2023

FinecoBank informs that the Board of Directors - in its today meeting and further to the investigation of the Appointments Committee - has verified that the Directors, appointed by the Ordinary Shareholders' Meeting held on April 27, 2023, are in possession of the integrity, experience and independence requirements, the fairness and competence criteria, as well as the criteria of time commitment and the specific limits on the accumulation of offices, and the absence of disqualifying and suspensive situations, in accordance with law and regulatory provisions in force.

The Board of Directors established the possession of said requirements on the basis of the declarations made by the persons concerned and of the information available to the Company regarding any eventual relationship (credit-wise, commercial/professional and employee/employer, as well as regarding relevant positions held) entertained with the Bank by said persons and by other persons referable to them, also evaluated in terms of significance and substance.

With reference to the independence requirements, please note that:

• Marco Mangiagalli, Gianmarco Montanari, Patrizia Albano, Elena Biffi, Giancarla Branda, Maria Lucia Candida, Paola Generali, Marin Gueorguiev, Arturo Patarnello and Maria Alessandra Zunino de Pignier are independent pursuant to art. 148 of Legislative Decree no. 58 of February 24, 1998 ("Consolidated Law on Finance" or "TUF"), as referred to by art. 147-ter TUF, to art. 13 of the Decree of the Ministry of the Economy and Finance no. 169 of November 23, 2020 (including the independence of judgment (art. 15 of M.D. 169/2020)) and to Recommendation n. 7 of art. 2 of the Corporate Governance Code for listed companies;
• Alessandro Foti, CEO and General Manager, is not independent.

The Board of Directors also verified: (i) the correspondence between the qualitative and quantitative composition of the Board of Directors deemed optimal and the actual outcome of the nomination process; and (ii) with reference to the Directors and the Manager charged with preparing the Company's financial reports pursuant to art. 154-bis of the Consolidated Law on Finance, the inexistence of any situation falling within the scope of Article 36 of the Law Decree December 6, 2011 no. 201, converted with amendments by Law December 22, 2011 no. 214, concerning the provisions on the prohibition of interlocking directorates.

FinecoBank

FinecoBank is one of the most important FinTech banks in Europe. Listed on the FTSE MIB, Fineco offers an unique business model in Europe, combining advanced platforms with a large network of financial advisors. It offers a single account with banking, trading and investment services, through transactional and advisory platforms developed with proprietary technologies. Fineco is a leading bank in brokerage in Europe, and one of the most important players in Private Banking in Italy, offering advanced and tailor-made advisory services. Since 2017, FinecoBank is in the UK with an offer focused on brokerage, banking and investment services. Fineco Asset Management was founded in Dublin in 2018, with the mission to develop investment solutions in partnership with top international asset managers.

Contacts:
Fineco - Media Relations	Fineco - Investor Relations
Tel.: [phone]	Tel. [phone]/2358
[e-mail]	[e-mail]
Barabino & Partners
Tel. [phone]
Emma Ascani
[phone]
[e-mail]