Prospectus UBI Banca Covered Bond Programme

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Prospectus Name Riccardo Barbarini.................................................................................................................................. Gianluca Bisognani................................................................................................................................. Francesco Iorio ....................................................................................................................................... Giancesare Toffetti ................................................................................................................................. Luigi Venturati........................................................................................................................................ Francesco De Vecchi .............................................................................................................................. Elizabeth Rizzotti.................................................................................................................................... Position CEO Director Director Director Director Director Director The present Board of Directors has been appointed for a term of office expiring at the shareholders' meeting convened to approve the annual financial statements of UBI Banca Private Investment for the year ending 31 December 2011. Board of Statutory Auditors The following table sets out the composition of the Board of Statutory Auditors. Name Giulio Castelli.............................................................................................................................................. Leonardo Lanzani ........................................................................................................................................ Antonio Minervini ....................................................................................................................................... Sergio Comincioli........................................................................................................................................ Caludio Uberti ............................................................................................................................................. Position Chairman Acting Auditor Acting Auditor Alternate Auditor Alternate Auditor General Management Name Cesare Colombo............................................................................................................................................ Position General Manager Financial Information The following tables set out non consolidated balance sheet and income statement information relating to Banca Lombarda Private Investment. Such information is derived from the separate financial statements of Banca Lombarda Private Investment as at and for the year ended 31 December 2008, which are publicly available (in Italian only) on the website of Banca Lombarda Private Investment (www.ubibancapi.it) as well as the separate financial statements as at the year ended 31 December 2007. As per the year ended 31 December 2007, the accounts of Banca Lombarda Private Investment S.p.A. and UBI Società di Intermediazione Mobiliare S.p.A. were still produced on a stand-alone basis. The financial statements are prepared in accordance with IFRS. The main financial information is the following: Lending Composition of loans to customers (In thousands of Euro) 31.12.2008 % Current accounts ........................................................................................................................................... 14,293 3.73 Mortgage loans ............................................................................................................................................. 336,613 87.85 Credit cards, personal loans and salary-backed loans.................................................................................... 7,305 1.91 Other transactions ......................................................................................................................................... 18,052 4.71 Impaired assets.............................................................................................................................................. 6,923 1.81 TOTAL ........................................................................................................................................................ 383,186 100.0 Defaulted and problem loans The following table shows a breakdown of the Bank's loans as at 31 December 2008. Loans to customers as at 31 December 2008 (In thousands of Euro) Gross exposure % Total net impairment losses Net exposure % Deteriorated loans....................................................................................... 8,885 2.30 (1,961) 6,924 1.81 Non performing loans ................................................................................... 3,026 0.78 (1,448) 1,578 0.41 Impaired loans .............................................................................................. 3,854 1.00 (500) 3,354 0.88 Restructured loans......................................................................................... — — — — — Past due loans ............................................................................................... 2,005 0.52 (13) 1,992 0.52 Performing loans......................................................................................... 377,469 97.70 (1,206) 376,263 98.19 - 156 -
Prospectus Loans to customers as at 31 December 2008 (In thousands of Euro) Gross exposure % Total net impairment losses Net exposure % TOTAL ........................................................................................................ 386,354 100.00 3,167 383,186 100.00 Funding The following table presents the sources of the bank's funding as at 31 December 2008. Figures in thousands of Euro 31.12.2008 Due to customers ................................................................................................................................................................... 630,978 Securities in issue................................................................................................................................................................... 100,288 TOTAL ................................................................................................................................................................................. 731,266 Direct funding from customers 31.12.2008 % Current accounts and deposits................................................................................................................. 424,819 67.33 Time deposits.......................................................................................................................................... 108 0.02 Financing ................................................................................................................................................ 199,090 31.55 Financial leasing................................................................................................................................. — — Other ................................................................................................................................................... 199,090 31.55 Other payables ........................................................................................................................................ 6,961 1.10 TOTAL .................................................................................................................................................. 630,978 100.00 BALANCE SHEET (In thousands of Euro) 31.12.2008 Assets Cash and cash equivalents.................................................................................................................................................... 4,044 Financial assets held for trading........................................................................................................................................... 13 Loans to banks ..................................................................................................................................................................... 405,571 Loans to customers .............................................................................................................................................................. 383,186 Hedging derivatives ............................................................................................................................................................. — Chance in fair value of hedged financial assets.................................................................................................................... 2,123 Equity investments............................................................................................................................................................... 857 Property, plant and equipment ............................................................................................................................................. 2,950 Intangible assets................................................................................................................................................................... 30,675 of which goodwill:................................................................................................................................................................ 30,671 Tax assets............................................................................................................................................................................. 2,592 (a) current .......................................................................................................................................................................... 1,180 (b) deferred......................................................................................................................................................................... 1,412 Other assets.......................................................................................................................................................................... 7,146 Total assets ......................................................................................................................................................................... 839,157 Liabilities and Shareholders' Equity Due to banks ........................................................................................................................................................................ 1,888 Due to customers ................................................................................................................................................................. 630,978 Securities issued................................................................................................................................................................... 100,288 Financial liabilities held for trading ..................................................................................................................................... 14 Hedging derivatives ............................................................................................................................................................. 4,467 Tax liabilities:...................................................................................................................................................................... 1,361 (a) current .......................................................................................................................................................................... 1,100 (b) deferred......................................................................................................................................................................... 262 Other liabilities .................................................................................................................................................................... 15,447 Staff severance provisions ................................................................................................................................................... 801 Provisions for liabilities and charges: .................................................................................................................................. 3,456 (a) other provisions ............................................................................................................................................................ 3,456 Valuation reserve ................................................................................................................................................................. (79) Reserves............................................................................................................................................................................... 10,729 Share issue premium............................................................................................................................................................ 67,950 Profit for the year................................................................................................................................................................. 1,857 Total liabilities and shareholders' equity ......................................................................................................................... 839,157 INCOME STATEMENT (In thousands of Euro) 31.12.2008 Interest and similar income................................................................................................................................................ 34,245 - 157 -
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Prospectus UNIONE DI BANCHE ITALIAN
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Prospectus Figures included in this
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Prospectus INFORMATION INCORPORATED
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Prospectus SUPPLEMENTS, FINAL TERMS
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Prospectus Structure Overview • P
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Prospectus on any Interest Payment
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Prospectus the Conditions and the D
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Prospectus deferral will occur auto
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Prospectus AAA Aaa AAA Governing La
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Prospectus Guarantee in respect of
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Prospectus of each individual Cover
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Prospectus Securitisation and Cover
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Prospectus securities. Generally, t
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Prospectus Catastrophic events, ter
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Prospectus Reliance on Swap Provide
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Prospectus There is no guarantee th
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Prospectus • the right to request
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Prospectus (e) Monte Titoli Mandate
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Prospectus "Calculation Agent" mean
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Prospectus "D 1 " is the first cale
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Prospectus (ii) (iii) (iv) (v) an a
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Prospectus "Optional Redemption Dat
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Prospectus "Relevant Dealer(s) " me
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Prospectus 4. Status and Guarantee
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Prospectus (d) ISDA Determination I
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Prospectus (b) Extension of maturit
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Prospectus Bondholder. Once deposit
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Prospectus withheld or assessed by
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Prospectus (v) Invalidity of the Co
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Prospectus all respects except for
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Prospectus 1. GENERAL RULES OF THE
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Prospectus "Voter" means, in relati
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Prospectus 5. VALIDITY OF BLOCK VOT
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Prospectus where applicable, modifi
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Prospectus 15.2 The Chairman and a
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Prospectus Removal and Remuneration
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Prospectus TITLE III THE REPRESENTA
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Prospectus 28.6 Discretions Save as
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Prospectus 29.2.16 shall not, if in
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Prospectus 30.7 Certificates of Par
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Prospectus 32.5 Notice of waiver If
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Prospectus FORM OF FINAL TERMS Set
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Prospectus [Instalment] [The Covere
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Prospectus (xv) Fall back provision
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Prospectus (i) Optional Redemption
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Prospectus These Final Terms compri
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Prospectus 5. [Fixed Rate Covered B
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Prospectus USE OF PROCEEDS The net
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Prospectus Calabria, Vibo Valentia,
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Prospectus (ix) a banking network o
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Prospectus The actual Supervisory B
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Prospectus Name Position Principal
Page 105 and 106: Prospectus The Supervisory Board al
Page 107 and 108: Prospectus General Management Name
Page 109 and 110: Prospectus approvals from CONSOB an
Page 111 and 112: Prospectus (thousands of Euro) UNIO
Page 113 and 114: Prospectus (thousands of Euro) UNIO
Page 115 and 116: Prospectus Defaulted and problem lo
Page 117 and 118: Prospectus Introduction THE GUARANT
Page 119 and 120: Prospectus Banca Popolare di Bergam
Page 121 and 122: Prospectus ( * ) Member of Executiv
Page 123 and 124: Prospectus Figures in thousands of
Page 125 and 126: Prospectus Name Franco Bossoni( * )
Page 127 and 128: Prospectus (In thousands of Euro) 3
Page 129 and 130: Prospectus of the bank. In accordan
Page 133 and 134: Prospectus Management Banca Regiona
Page 135 and 136: Prospectus INCOME STATEMENT (In tho
Page 137 and 138: Prospectus Detail of amounts due to
Page 141 and 142: Prospectus Funding Banca Carime's p
Page 145 and 146: Prospectus Funding Banca di Valle C
Page 149 and 150: Prospectus Direct funding from cust
Page 153 and 154: Prospectus Direct funding from cust
Page 155: Prospectus (In thousands of Euro) 3
Page 159 and 160: Prospectus Covered Bond Guarantee S
Page 161 and 162: Prospectus Master Loans Purchase Ag
Page 163 and 164: Prospectus Master Servicer shall al
Page 165 and 166: Prospectus receive instructions fro
Page 167 and 168: Prospectus notice substantially in
Page 169 and 170: Prospectus price reasonably availab
Page 171 and 172: Prospectus Rating Downgrade Event U
Page 173 and 174: Prospectus in the name and on behal
Page 175 and 176: Prospectus CREDIT STRUCTURE The Cov
Page 177 and 178: Prospectus "Z" stands for the weigh
Page 179 and 180: Prospectus "Z" stands for the weigh
Page 181 and 182: Prospectus Pre-Issuer Event of Defa
Page 183 and 184: Prospectus (f) (g) (h) (i) Sixth, t
Page 185 and 186: Prospectus • the payment of which
Page 187 and 188: Prospectus DESCRIPTION OF CERTAIN R
Page 189 and 190: Prospectus The issuing bank The Ban
Page 191 and 192: Prospectus and the Covered Bond Gua
Page 193 and 194: Prospectus Finally the Prepayment P
Page 195 and 196: Prospectus authorised intermediary,
Page 197 and 198: Prospectus Where an Italian residen
Page 199 and 200: Prospectus terminate at the end of
Page 201 and 202: Prospectus and (3) an annual net tu
Page 203 and 204: Prospectus Listing and Admission to
Page 205 and 206: Prospectus GLOSSARY "Accounts" mean
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Prospectus "Commercial Mortgage Loa
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Prospectus guarantee) by an entity
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Prospectus "Initial Portfolio" mean
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Prospectus "Luxembourg BdB Interest
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Prospectus "Post-Enforcement Priori
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Prospectus "Representative of the C
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Prospectus "Transfer Date" means: (
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Prospectus PRINCIPAL PAYING AGENT T
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Prospectus UBI Banca Covered Bond Programme

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