BancoPosta’s Ring-Fenced Capital

By resolution of the Extraordinary General Meeting of Shareholders of Poste Italiane S.p.A. held on 14 April 2011, Bancoposta’s Ring-Fenced Capital was formally created to guarantee the activities of BancoPosta as established by Italian Presidential Decree no. 144 of 14 March 2001.

This capital was established in compliance with Banca d’Italia’s rules on prudential supervision and as a guarantee for obligations assumed in the operations of BancoPosta.

The same Shareholders’ Meeting also approved the “Regolamento del Patrimonio BancoPosta” (“BancoPosta’s Ring-Fenced Capital Regulations”), a document establishing the rules for organising, managing and supervising BancoPosta’s Ring-Fenced Capital.