Shares and dividends

Over the time horizon of the 2022-2025 Business Plan: a cash dividend distribution was envisaged corresponding to a payout ratio, based on the consolidated net income, of 70% each year of the Plan; in the second half of 2022 and the first half of 2023 a buyback was executed for a total of 3.4bn euro (*); in 2024, a buyback of 1.7bn euro was executed,
launched in June and concluded in October.

For the 2024 results, cash interim dividends of over 3bn euro paid in November 2024 and
cash remaining dividends of over 3bn euro payable in May 2025, for a total dividend distribution of 6.1bn euro.

Buyback of 2bn euro, to be launched in June 2025, authorised by the ECB and approved by the Shareholders’ Meeting.

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(*) Amount equivalent to the suspended 2019 dividend