# EDGAR Filing Document

**Accession Number:** 0001379481
**File Stem:** 0001410578-25-002240
**Filing Date:** 2025-9
**Character Count:** 37405
**Document Hash:** 4299f8a0f14ec7918ab6a37f881955fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410578-25-002240.hdr.sgml**: 20250912

**ACCESSION NUMBER**: 0001410578-25-002240

**CONFORMED SUBMISSION TYPE**: CB/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250912

**DATE AS OF CHANGE**: 20250912

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mediobanca - Banca di Credito Finanziario SpA
- **CENTRAL INDEX KEY:** 0001379481
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L6
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** CB/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-83841
- **FILM NUMBER:** 251309997

**BUSINESS ADDRESS:**
- **STREET 1:** PIAZZETTA ENRICO CUCCIA, 1
- **CITY:** MILAN
- **STATE:** L6
- **ZIP:** 20121
- **BUSINESS PHONE:** 011 39 02 88291

**MAIL ADDRESS:**
- **STREET 1:** PIAZZETTA ENRICO CUCCIA, 1
- **CITY:** MILAN
- **STATE:** L6
- **ZIP:** 20121
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANCA MONTE DEI PASCHI DI SIENA SPA
- **CENTRAL INDEX KEY:** 0001002788
- **STANDARD INDUSTRIAL CLASSIFICATION:** UNKNOWN SIC - 8880 [8880]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** CB/A

**BUSINESS ADDRESS:**
- **STREET 1:** PIAZZA SALIMBENI, 3 - 53100
- **CITY:** SIENA (SI)
- **STATE:** L6
- **ZIP:** 53100
- **BUSINESS PHONE:** 39 0577 293135

**MAIL ADDRESS:**
- **STREET 1:** PIAZZA SALIMBENI, 3 - 53100
- **CITY:** SIENA (SI)
- **STATE:** L6
- **ZIP:** 53100

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM CB/A**

TENDER OFFER/RIGHTS OFFERING NOTIFICATION FORM

(Amendment No. 5)

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to file this Form:

---

| | |
|:---|:---|
| Securities Act Rule 801 (Rights Offering) | ¨ |
| Securities Act Rule 802 (Exchange Offer) | ⌧ |
| Exchange Act Rule 13e-4(h)(8) (Issuer Tender Offer) | ◻ |
| Exchange Act Rule 14d-1(c) (Third Party Tender Offer) | ◻ |
| Exchange Act Rule 14e-2(d) (Subject Company Response) | ◻ |

---

---

| |
|:---|
| **Mediobanca – Banca di Credito Finanziario Società per Azioni** |
| (Name of Subject Company) |
| **N/A** |
| (Translation of Subject Company's Name into English (if applicable)) |
| **Republic of Italy** |
| (Jurisdiction of Subject Company's Incorporation or Organization) |
| **Banca Monte dei Paschi di Siena S.p.A.** |
| (Name of Person(s) Furnishing Form) |
| **Ordinary Shares** |
| (Title of Class of Subject Securities) |
| **N/A** |
| (CUSIP Number of Class of Securities (if applicable)) |
| **Renzo Filippo Riccardo Quagliana<br> General Counsel**<br> **Banca Monte dei Paschi di Siena S.p.A.**<br> **Piazza Salimbeni, 3<br> 53100 Siena (SI)**<br> **Republic of Italy**<br> **Tel: +39 0577294111** |
| (Name, Address (including zip code) and Telephone Number (including area code)<br> of Person(s) Authorized to Receive Notices and Communications on Behalf of the Filer)<br>Copies to:<br>**Michael Immordino**<br> **White & Case LLP**<br> **Piazza Diaz, 2**<br> **20123 Milan, Italy**<br> **Telephone: +39 349 974 4892** |
| **July 3, 2025** |
| (Date Tender Offer/Rights Offering Commenced) |

---

**PART I - INFORMATION SENT TO SECURITY HOLDERS**

**Item 1. Home Jurisdiction Documents**

(a) The following documents are attached as exhibits to this Form CB:

---

| | |
|:---|:---|
| **<u>Exhibit<br> Number</u>** |  |
| [<u>99.1</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-1.htm) | [<u>Offer Document, Dated July 3, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-1.htm) |
| [<u>99.2</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-2.htm) | [<u>Exemption Document, Dated July 3, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-2.htm) |
| [<u>99.3</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-3.htm) | [<u>Acceptance Form.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-3.htm) |
| [<u>99.21</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925086886/tm2525022d1_ex99-21.htm) | [<u>Press Release Relating to the Cash Increase in the Consideration of the Voluntary Public Exchange Offer Concerning All the Ordinary Shares of MEDIOBANCA – Banca di Credito Finanziario Società per Azioni, Dated September 2, 2025.</u><sup>2</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925086886/tm2525022d1_ex99-21.htm) |
| [<u>99.22</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925086886/tm2525022d1_ex99-22.htm) | [<u>Updated Acceptance Form.</u><sup>2</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925086886/tm2525022d1_ex99-22.htm) |
| [<u>99.23</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925087396/tm2525255d1_ex99-23.htm) | [<u>Press Release Relating to the Exceeding of the 35% Threshold of the Share Capital of MEDIOBANCA – Banca Di Credito Finanziario Società Per Azioni *i.e.*, the Fulfillment of the Threshold Condition, Dated September 3, 2025.</u><sup>3</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925087396/tm2525255d1_ex99-23.htm) |
| [<u>99.24</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925088186/tm2525255d2_ex99-24.htm) | [<u>Information Document on Related Party Transactions of Major Importance, Pursuant to Article 5 of the Regulation on Related Parties Approved by Consob with Resolution No. 17221 of March 12, 2010, and in Accordance with Annex 4 to the Said Regulation, as well as Pursuant to Paragraph 4.6.1 of the BMPS Regulations on Related Parties, in Relation to the Increase in the Consideration of the Voluntary Public Exchange Offer Promoted by Banca Monte dei Paschi di Siena S.p.A. Concerning All the Ordinary Shares of MEDIOBANCA – Banca di Credito Finanziario Società per Azioni, Dated September 2, 2025.</u><sup>4</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925088186/tm2525255d2_ex99-24.htm) |
| [<u>99.25</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925088441/tm2525255d3_ex99-25.htm) | [<u>Press Release on the Provisional Results of the Offer, Dated September 8, 2025.</u><sup>5</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925088441/tm2525255d3_ex99-25.htm) |
| [<u>99.26</u>](tm2525255d4_ex99-26.htm) | [<u>Press Release on the Final Results of the Offer, Dated September 11, 2025.</u>](tm2525255d4_ex99-26.htm) |

---

<sup>1</sup> Previously furnished with the Form CB furnished to the Securities and Exchange Commission on July 7, 2025.

<sup>2</sup> Previously furnished with the updated Form CB furnished to the Securities and Exchange Commission on September 3, 2025.

<sup>3</sup> Previously furnished with the updated Form CB furnished to the Securities and Exchange Commission on September 4, 2025.

<sup>4</sup> Previously furnished with the updated Form CB furnished to the Securities and Exchange Commission on September 8, 2025.

<sup>5</sup> Previously furnished with the updated Form CB furnished to the Securities and Exchange Commission on September 9, 2025.

(b) Not applicable.

**Item 2. Informational Legends**

A legend complying with Rule 802(b) under the U.S. Securities Act of 1933, as amended, is included in each of the documents referred to in Item 1.

**PART II - INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS**

---

| |
|:---|
| **<u>Exhibit<br> Number</u>** |
| [<u>99.4</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-4.htm) [<u>Consolidated Annual Report of Banca Monte dei Paschi di Siena S.p.A. as at December 31, 2024.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-4.htm) |
| [<u>99.5</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-5.htm) [<u>Consolidated Interim Report of Mediobanca – Banca di Credito Finanziario Società per Azioni for the Six Months Ended December 31, 2024.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-5.htm) |
| [<u>99.6</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-6.htm) [<u>Consolidated Annual Accounts and Report of Mediobanca – Banca di Credito Finanziario Società per Azioni as at June 30, 2024.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-6.htm) |
| [<u>99.7</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-7.htm) [<u>Consolidated Interim Report of Banca Monte dei Paschi di Siena S.p.A. as at March 31, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-7.htm) |
| [<u>99.8</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-8.htm) [<u>Press Release Relating to the Interim Financial Results of Mediobanca – Banca di Credito Finanziario Società per Azioni for the Nine Months Ended March 31, 2025, Dated May 8, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-8.htm) |
| [<u>99.9</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-9.htm) [<u>Explanatory Report of the Board of Directors of Banca Monte dei Paschi di Siena S.p.A. on the Proposal to Grant the Board with the Power to Increase the Share Capital of the Company, in Connection with the Voluntary Public Exchange Offer Relating to All Ordinary Shares of Mediobanca – Banca di Credito Finanziario Società per Azioni, Dated April 17, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-9.htm) |
| [<u>99.10</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-10.htm) [<u>Supplementary Note to the Explanatory Report of the Board of Directors of Banca Monte dei Paschi di Siena S.p.A. Dated April 17, 2025, Issued Following a Request for Disclosure of Information from Consob Pursuant to Article 114, Paragraph 5, of Legislative Decree No. 58 of 24 February 1998.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-10.htm) |
| [<u>99.11</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-11.htm) [<u>Information Document Pursuant to Article 70, Paragraph 6, of the Issuers' Regulation Approved by Consob with Resolution No. 11971 of 14 May 1999, and Subsequent Amendments, in Accordance with Schedule No. 3 of Annex 3B to the Same Issuers' Regulation, Issued by Banca Monte dei Paschi di Siena S.p.A., Dated April 2, 2025, to Which is Attached the Appraisal Issued by KPMG Advisory S.p.A., in its Capacity as Independent Expert Pursuant to Article 2343-*ter*, Paragraph 2, Letter B), of the Italian Civil Code.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-11.htm) |
| [<u>99.12</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-12.htm) [<u>Information Document on Related Party Transactions of Major Importance, Pursuant to Article 5 of the Regulation on Related Parties Approved by Consob with Resolution No. 17221 of March 12, 2010, and in Accordance with Annex 4 to the Said Regulation, as well as Pursuant to Paragraph 4.6.1 of the BMPS Regulations on Related Parties, in Relation to the Capital Increase Reserved to the Offer, Issued by Banca Monte dei Paschi di Siena S.p.A., Dated January 30, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-12.htm) |
| [<u>99.13</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-13.htm) [<u>Explanatory Report of the Board of Directors of Banca Monte dei Paschi di Siena S.p.A. Prepared Pursuant to Articles 2441, Paragraph 6, of the Italian Civil Code and 70, Paragraph 7, Letter A) of the Issuers' Regulation Approved by Consob with Resolution No. 11971 of 14 May 1999, and Subsequent Amendments, Relating to the Exercise of the Delegation Granted by the Shareholders' Meeting of Banca Monte dei Paschi di Siena S.p.A., in Extraordinary Session, on April 17, 2025, Pursuant to Article 2443 of the Italian Civil Code, Issued by Banca Monte dei Paschi di Siena S.p.A., Dated June 26, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-13.htm) |
| [<u>99.14</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-14.htm) [<u>Auditor's Report Pursuant to Article 2441, Paragraph 4, Sentence 1, and Paragraph 6 of the Italian Civil Code, and Article 158, Paragraph 1, of Legislative Decree No. 58/1998 on the Issue Price of Shares in the Share Capital Increase With Exclusion of Option Rights, Dated June 26, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-14.htm) |
| [<u>99.15</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-15.htm) [<u>Report Pursuant to Article 2343-*ter*, Letter B) of the Italian Civil Code with Reference to Maximum No. 833,279,689 Ordinary Shares of Mediobanca – Banca di Credito Finanziario S.p.A. Subject to Possible Contribution in Kind within the Framework of the Voluntary Total Public Exchange Offer Promoted by Banca Monte dei Paschi di Siena S.p.A., Dated June 26, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-15.htm) |
| [<u>99.16</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-16.htm) [<u>BMPS Group 2024-2028 Business Plan, Dated August 6, 2024.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-16.htm) |
| [<u>99.17</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-17.htm) [<u>Mediobanca Group 2025-2028 Business Plan, Dated June 27, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-17.htm) |
| [<u>99.18</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-18.htm) [<u>Press Release Relating to the Approval of the Offer Document by CONSOB, Dated July 2, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-18.htm) |
| [<u>99.19</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-19.htm) [<u>Press Release Relating to the Obtainment of the Antitrust Authorization, Dated July 2, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-19.htm) |
| [<u>99.20</u>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-20.htm) [<u>Press Release Relating to the Publication of the Offer Document, the Exemption Document and the Acceptance Form, Dated July 3, 2025.</u><sup>1</sup>](https://www.sec.gov/Archives/edgar/data/1002788/000110465925066019/tm2518026d1_ex99-20.htm) |

---

<sup>1</sup> Previously furnished with the Form CB furnished to the Securities and Exchange Commission on July 7, 2025.

**PART III - CONSENT TO SERVICE OF PROCESS**

Banca Monte dei Paschi di Siena S.p.A. submitted to the Securities and Exchange Commission a written irrevocable consent and power of attorney on Form F-X dated July 7, 2025.

**PART IV - SIGNATURES**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **Banca Monte dei Paschi di Siena S.p.A.** | **Banca Monte dei Paschi di Siena S.p.A.** |
| /s/ Renzo Filippo Riccardo Quagliana | /s/ Renzo Filippo Riccardo Quagliana |
| Name: | Renzo Filippo Riccardo Quagliana |
| Title: | General Counsel |

---

Date: September 12, 2025

## Exhibit 99.26

**Exhibit 99.26**

![](tm2525255d4_ex99-26img001.jpg)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN AUSTRALIA, CANADA OR JAPAN (OR IN ANY OTHER COUNTRIES, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION). THE INFORMATION PROVIDED IN THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY COUNTRY OR JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT AUTHORIZED OR TO ANY PERSON TO WHOM IT IS NOT LAWFUL TO MAKE SUCH AN OFFER OR SOLICITATION.

**VOLUNTARY PUBLIC TENDER AND EXCHANGE OFFER LAUNCHED BY BANCA MONTE DEI PASCHI DI SIENA S.P.A. ON ALL THE ORDINARY SHARES OF MEDIOBANCA – BANCA DI CREDITO FINANZIARIO SOCIETÀ PER AZIONI**

**\* \* \* \* \* \***

**PRESS RELEASE**

**pursuant to Article 41, paragraph 6, of the Regulation adopted by Consob with resolution No. 11971 of 14 May 1999, as subsequently amended and supplemented (the "Issuers' Regulation")**

**THE FINAL RESULTS OF THE OFFER CONFIRM THE PROVISIONAL RESULTS:**

&nbsp;&nbsp;&nbsp;&nbsp;· **62.3% OF THE SHARE CAPITAL OF MEDIOBANCA – BANCA DI CREDITO FINANZIARIO SOCIETÀ PER AZIONI HAS BEEN TENDERED IN ACCEPTANCE OF THE OFFER** 

&nbsp;&nbsp;&nbsp;&nbsp;· **THE OFFER HAS BECOME FULLY EFFECTIVE AND THE OVERALL CONSIDERATION IS SCHEDULED TO BE PAID ON 15 SEPTEMBER 2025** 

&nbsp;&nbsp;&nbsp;&nbsp;· **THE REOPENING OF THE ACCEPTANCE PERIOD WILL TAKE PLACE, IN ACCORDANCE WITH APPLICABLE LAW, FROM 16 TO 22 SEPTEMBER 2025 (BOTH DATES INCLUSIVE), ALLOWING THE REMAINING SHAREHOLDERS TO ACCEPT THE OFFER UNDER THE SAME TERMS AS THOSE APPLICABLE DURING THE ACCEPTANCE PERIOD.** 

*Siena, 11 September 2025 –* With reference to the voluntary public tender and exchange offer (the "**Offer**") pursuant to Articles 102 and 106, paragraph 4, of Legislative Decree No. 58 of 24 February 1998, as subsequently amended and supplemented (the "**TUF**") launched by Banca Monte dei Paschi di Siena S.p.A. ("**BMPS**" or the "**Offeror**") on all the shares of MEDIOBANCA – Banca di Credito Finanziario Società per Azioni ("**Mediobanca**"), including treasury shares directly and/or indirectly held by Mediobanca from time to time, as amended on 2 September 2025 by means of the Press Release of 2 September 2025 (as defined below) and further to the press release issued on 8 September 2025, BMPS hereby announces, pursuant to Article 41, paragraph 6, of the Issuers' Regulation, the final results of the Offer.

Unless otherwise defined, capitalised terms used in this press release have the meaning attributed to them in the offer document relating to the Offer, approved by Consob with resolution No. 23623 of 2 July 2025 and published on 3 July 2025 (the "**Offer Document**"), as well as in the Press Release of 2 September 2025, available, *inter alia*, on the BMPS website (<u>https://www.gruppomps.it/en/</u>).

![](tm2525255d4_ex99-26img001.jpg)

It is recalled that the Offer was amended, pursuant to Articles 36 and 43 of the Issuers' Regulation, on 2 September 2025 by means of an increase in the Consideration with the inclusion of a cash component equal to Euro 0.90 for each Mediobanca share tendered in acceptance of the Offer, as announced to the market on the same date (the "**Press Release of 2 September 2025**").

It should also be noted that *(i)* by means of the Press Release of 2 September 2025 the Offeror announced the waiver of the Threshold Condition and *(ii)* on 3 September 2025, the Offeror announced to the market the fulfilment of the Minimum Threshold Condition.

**Final Results of the Offer and Effectiveness of the Offer**

Based on the final results of the Offer, communicated by the Intermediaries Appointed to Coordinate the Collection of Acceptances, the following have been tendered in acceptance of the Offer: No. 506,633,074 Mediobanca shares, representing approximately 62.3% of its share capital and 61.1% of the Shares Subject to the Offer (*i.e.*, 829,458,551).

Accordingly, the final results reported above remain unchanged from the provisional results communicated in the press release on the provisional results of the Offer published on 8 September 2025.

Taking into account: *(i)* the No. 506,633,074 Issuer's Shares, equal to approximately 62.3% of the share capital of Mediobanca, which have been tendered in acceptance of the Offer as of today's date, *(ii)* the 31,996 Shares of the Issuer, equal to 0.004% of the share capital of the Issuer, held directly by the Offeror (<sup>1</sup>), *(iii)* that in the period between the Offer Document Date and today, the Offeror has not acquired any Issuer's Shares outside the Offer, based on the final results of the Offer, the Offeror will hold – as of the Payment Date (*i.e.*, 15 September 2025) – a total of No. 506,665,070 Issuer's Shares, equal to approximately 62.3% of the share capital of Mediobanca.

With reference to the Conditions for the Effectiveness of the Offer (other than the Threshold Condition, which has been waived, and the Minimum Threshold Condition, which has already been met), the Offeror hereby announces that it waives, to the extent necessary, the remaining conditions set forth in Section A, Paragraph A.1.1(i), (ii), (iii), (iv), (v), (vii), (viii) and (ix) of the Offer Document, considering that, as of today's date, no facts, events, situations, actions, transactions and/or circumstances relevant to the aforementioned Conditions of Effectiveness have occurred. Accordingly, the Offer has become fully effective and enforceable.

**Overall Consideration and Payment Date**

The Overall Consideration for each Mediobanca share tendered in acceptance of the Offer consists of the Initial Consideration – as indicated in the Offer Document – equal to 2.533 newly issued BMPS Shares in execution of the Capital Increase Reserved to the Offer, and the Cash Consideration equal to Euro 0.90.

Payment of the Overall Consideration will be made on 15 September 2025, *i.e.*, the fifth Trading Day following the end of the Acceptance Period, against the transfer to the Offeror of ownership of the Mediobanca shares, free from any encumbrances or liens of any kind, whether real, contractual or personal.

<sup>1</sup> It is hereby specified that this calculation does not include the Mediobanca Shares held by investment funds and/or other collective investment undertakings managed by MPS Group companies in full autonomy from the Group itself and in the interest of their clients.

![](tm2525255d4_ex99-26img001.jpg)

On that date, upon transfer of ownership of the Mediobanca shares to the Offeror, BMPS:

&nbsp;&nbsp;&nbsp;&nbsp;(i) will issue and assign to the tendering shareholders the newly issued BMPS Shares offered as Initial Consideration,
at the exchange ratio of No. 2.533 newly issued BMPS Shares resulting from the Capital Increase Reserved to the Offer for each Mediobanca
share tendered in acceptance of the Offer; and

&nbsp;&nbsp;&nbsp;&nbsp;(ii) will pay the tendering shareholders the Cash Consideration (*i.e.*, Euro 0.90 for each Mediobanca
share tendered).

To provide the Initial Consideration to Mediobanca shareholders who have accepted the Offer, BMPS will issue – in execution of the Capital Increase Reserved to the Offer – No. 1,283,301,577 BMPS Shares, equal to 50.5% of BMPS's share capital as of the Payment Date.

Following this issuance, BMPS's subscribed and paid-up share capital will consist of 2,542,991,283 ordinary shares.

The Offeror will make the Overall Consideration available to the Intermediaries Appointed to Coordinate the Collection of Acceptances, and the latter will transfer the Overall Consideration to the Appointed Intermediaries and/or the Depositary Intermediaries, who will, in turn: (i) transfer the BMPS Shares offered as Consideration, and (ii) credit the securities deposit accounts of their respective clients (as regards the Cash Consideration), in accordance with the instructions provided by the Tendering Shareholders in the Acceptance Form.

Payment of the Fractional Cash Amount to the Tendering Shareholders will be made by 29 September 2025, as provided for in Section F, Paragraph F.6 of the Offer Document.

**Reopening of the Acceptance Period**

Based on the final results of the Offer, the Offeror confirms that the Reopening of the Acceptance Period, pursuant to, and for the purposes of, Article 40-*bis*, paragraph 1, letter a) of the Issuers' Regulation, will take place.

Accordingly, the Acceptance Period will be reopened for five Trading Days, namely for the trading sessions of 16, 17, 18, 19 and 22 September 2025. As a result, shareholders of the Issuer who did not accept the Offer during the Acceptance Period may do so during the Reopening of the Acceptance Period.

The Offeror will pay the Overall Consideration to the tendering shareholders accepting the Offer on the Payment Date of the Reopening of the Acceptance Period (*i.e.*, 29 September 2025).

In respect of the Issuer's Shares tendered during the Reopening of the Acceptance Period, payment of the Fractional Cash Amount to the Tendering Shareholders will be made by 13 October 2025, as provided for in Section F, Paragraph F.6 of the Offer Document.

\* \* \* \* \* \* \*

For further information regarding the Offer, please refer to the Offer Document, the Exemption Document and the Press Release of 2 September 2025, available for public consultation at:

- the registered office of the Offeror, in Piazza Salimbeni, 3, Siena;

- the registered offices of the intermediaries appointed to coordinate the collection of acceptances, in Milan, Viale Eginardo, 29, and in Siena, Piazza Salimbeni, 3;

- the registered offices of the appointed intermediaries;

the Offeror's website (<u>https://www.gruppomps.it/en/</u>), where the privacy policy, provided in accordance with EU Regulation 2016/679 ("**GDPR**"), relating to the processing of the tendering shareholders' personal data can also be consulted (<u>https://www.gruppomps.it/static/upload/inf/information-notice-pursuant-to-article-13-ops-eng.pdf</u>);

![](tm2525255d4_ex99-26img001.jpg)

- the website of the global information agent, Georgeson S.r.l.

Please also note that for any request or information regarding the Offer, holders of Mediobanca Shares can use the dedicated email account (<u>ops-mediobanca@georgeson.com</u>) or contact the toll-free number in Italy 800 189 911 or, alternatively, from abroad +39 06 45212909. These channels will be active from Monday to Friday from 9:00 a.m. to 6:00 p.m. (Central European Time). The Global Information Agent's website is <u>https://www.georgeson.com</u>.

\* \* \* \* \* \*

*This press release will be available on the website at* <u>www.gruppomps.it/en/</u>

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| | |
|:---|:---|
| **For further information:** <br> **Banca Monte dei Paschi di Siena S.p.A.** |  |
| **Media Relations**<br> Tel. +39 0577 296634<br> *<u>ufficio.stampa@mps.it</u>* | **Investors Relations**<br> Tel: +39 0577 299350<br> *<u>investor.relations@mps.it</u>* |
| **Image Building**<br> Cristina Fossati, Anna Pirtali<br> Tel +39 02 89011300<br> *<u>mps@imagebuilding.it</u>* |  |

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*\*\*\*\*\**

**Information for U.S. Persons**

The shares to be issued in connection with the Offer may not be offered or sold in the United States except pursuant to an effective registration statement under the U.S. Securities Act of 1933 (the "**U.S. Securities Act**") or pursuant to a valid exemption from registration.

The Offer is being made for the shares of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni by Banca Monte dei Paschi di Siena S.p.A., each of which is a company incorporated in Italy. Information distributed in connection with the Offer is subject to Italian disclosure requirements that are different from those of the United States. Financial statements and financial information included in the offer document or the exemption document, if any, have been prepared in accordance with the international accounting standards issued by the International Accounting Standards Board and may not be comparable to the financial statements or financial information of U.S. companies.

It may be difficult for you to enforce your rights and any claim you may have arising under U.S. federal securities laws in respect of the Offer, since Banca Monte dei Paschi di Siena S.p.A. and MEDIOBANCA - Banca di Credito Finanziario Società per Azioni are located in Italy, and some or all of their officers and directors may be residents of Italy or other countries outside the U.S. You may not be able to sue a company incorporated outside the U.S. or its officers or directors in a non-U.S. court for violations of U.S. securities laws. It may be difficult to compel a company incorporated outside the U.S. and its affiliates to subject themselves to a U.S. court's judgment.

![](tm2525255d4_ex99-26img001.jpg)

The Offer will not be submitted to the review or registration procedures of any regulator outside of Italy and has not been approved or recommended by any governmental securities regulator. The Offer will be made in the U.S. pursuant to the exemptions from (i) the "U.S. tender offer rules" under the United States Securities Exchange Act of 1934 (the "**U.S. Exchange Ac**t") provided by Rule 14d-1(c) thereunder and (ii) the registration requirements of the U.S. Securities Act provided by Rule 802 thereunder. These exemptions permit a bidder to satisfy certain substantive and procedural U.S. Exchange Act rules governing tender offers by complying with home jurisdiction law or practice, and exempt the bidder from compliance with certain other U.S. Exchange Act rules. As a result, the Offer will be made in accordance with the applicable regulatory, disclosure and procedural requirements under Italian law, including with respect to withdrawal rights, offer timetable, settlement procedures and timing of payments, that are different from those applicable in the U.S. To the extent that the Offer is subject to the U.S. securities laws, such laws only apply to holders of the shares of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni in the U.S. and no other person has any claims under such laws.

To the extent permissible under applicable law or regulation in Italy, and pursuant to the exemptions available under Rule 14e-5(b) under the U.S. Exchange Act, the Offeror and its affiliates or brokers (acting as agents for the Offeror or its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly purchase, or arrange to purchase, the shares of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni, that are the subject of the Offer or any securities that are convertible into, exchangeable for or exercisable for such shares, including purchases in the open market at prevailing prices or in private transactions at negotiated prices outside the U.S. To the extent information about such purchases or arrangements to purchase is made public in Italy, if any such purchases are made, such information will be disclosed by means of a press release or other means reasonably calculated to inform U.S. shareholders of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni of such information. In addition, the financial advisors to the Offeror, may also engage in ordinary course trading activities in securities of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni, which may include purchases or arrangements to purchase such securities.

Since the announcement of the Offer, the Offeror and certain of its affiliates have engaged, and intend to continue to engage throughout the acceptance period, in various asset management, brokerage, banking-related, collateral-taking, estates and trusts services, and custody-related activities involving the Offeror common shares outside the United States. Among other things, the Offeror or one or more of its affiliates intends to engage in trades in the Offeror common shares for the accounts of its customers for the purpose of effecting brokerage transactions for its customers and other customer facilitation transactions in respect of the Offeror common shares. Further, certain of Offeror's asset management affiliates may buy and sell the Offeror common shares or indices including the Offeror common shares, outside the United States as part of their ordinary, discretionary investment management activities on behalf of their customers. Certain of Offeror's affiliates may continue to (a) engage in the marketing and sale to customers of funds that include the Offeror common shares, providing investment advice and financial planning guidance to customers that may include information about the Offeror common shares, (b) transact in the Offeror common shares as trustees and/or personal representatives of trusts and estates, (c) provide custody services relating to the Offeror common shares and (d) engage in accepting the Offeror common shares as collateral for loans. These activities occur outside of the United States and the transactions in the Offeror common shares may be effected on the Euronext Milan, other exchanges or alternative trading systems and in the over-the-counter market.

**IMPORTANT INFORMATION**

The voluntary public exchange offer referred to in this press release has been promoted by Banca Monte dei Paschi di Siena S.p.A. on all the ordinary shares of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni.

This press release does not constitute an offer to buy or sell the shares of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni.

Prior to the commencement of the acceptance period, as required under applicable regulations, the Offeror shall publish an offer document and an exemption document, to be carefully examined by the shareholders of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni.

The Offer has been launched in Italy and is made, on a non-discriminatory basis and on equal terms, to all holders of shares of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni. The Offer has been promoted in Italy as the shares of MEDIOBANCA - Banca di Credito Finanziario Società per Azioni are listed on Euronext Milan, a regulated market organized and managed by Borsa Italiana S.p.A. and is subject to the obligations and procedural requirements provided for by Italian law.

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The Offer is not being made or disseminated in Canada, Japan and Australia, or any other country in which such Offer is not authorized, or to any person to whom such offer or solicitation is not permitted by law (the "**Excluded Countries**").

Partial or complete copies of any documents issued by the Offeror in connection with the Offer shall not be sent, nor shall they be transmitted, or otherwise distributed, directly or indirectly, in the Excluded Countries. Any person receiving such documents shall not distribute, send or dispatch them (whether by post or by any other means or instrumentality of communication or commerce) in the Excluded Countries.

Any acceptances of the Offer resulting from solicitation activities carried out in violation of the above limitations will not be accepted.

This press release, as well as any other document issued by the Offeror in connection with the Offer, shall not constitute or form part of any offer to purchase or exchange, or any solicitation of offers to sell or exchange, securities in any of the Excluded Countries.

This press release may only be accessed in or from the United Kingdom (i) by persons having professional experience in matters relating to investments falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as subsequently amended (the "**Order**"), or (ii) by companies having high net assets and by persons to whom the press release can be legitimately transmitted because they fall within the scope of Article 49(2) paragraphs from (a) to (d) of the Order (all these persons are jointly defined "**Relevant Persons**"). Securities described in this press release are made available only to Relevant Persons (and any solicitation, offer, agreement to subscribe, purchase or otherwise acquire such financial instruments will be directed exclusively at such persons). Any person who is not a Relevant Person should not act or rely on this press release or any of its contents.

Acceptance to the Offer by persons resident in countries other than Italy may be subject to specific obligations or restrictions provided for by laws or regulations. It is the sole responsibility of the addressees of the Offer to comply with such regulations and, therefore, before accepting the Offer, to verify their existence and applicability by contacting their advisors.

To the fullest extent permitted by applicable law, the companies involved in the proposed voluntary public exchange offer disclaim any responsibility or liability for the violation of such restrictions by any person.