Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

STOCK OPTIONS GRANTED TO DIRECTORS, GENERAL MANAGERSAND OTHER MANAGEMENT WITH STRATEGIC RESPONSIBILITIESDisclosure required under Article 78 of Consob resolution no. 11971/99)Options atbeginning of financial yearOptions grantedduring yearOptions exercisedduring yearOptionsexpiringOptions atend of financial yearName PositionNo. ofoptionsAvg. strikepriceAvg.expiryNo. ofoptionsAvg. strikepriceAvg.expiryNo. ofoptionsAvg. strikepriceAvg.marketpriceNo. ofoptionsNo. ofoptionsAvg.strikeprice §Avg.expiryRenato PAGLIARO Chairman 575,000 12.366 > 5 years 350,000 6.537 > 5 years — — — — 925,000 10.161 > 5 yearsAlberto NAGELChief ExecutiveOfficer 575,000 12.366 > 5 years 350,000 6.537 > 5 years — — — — 925,000 10.161 > 5 yearsFrancesco Saverio VINCIGeneral Manager andexecutive director 575,000 12.366 > 5 years 250,000 6.537 > 5 years — — — — 825,000 10.161 > 5 yearsMaurizio CEREDA Executive director 575,000 12.366 > 5 years — — — — — — — 575,000 12.366 < 5 yearsMassimo DI CARLO Executive director 575,000 12.366 > 5 years — — — — — — — 575,000 12.366 < 5 yearsMANAGEMENT withstrategic responsibilities * 240,000 12.609 5 years — — — — 3,725,000 9.949 > 5 years* Aggregate data.§ Average stock market prices for the calendar year prior to the award, adjusted by the Board of Directors on 18 December 2009 by applying the official adjustment coefficient K published by BorsaItaliana on 25 September 2009 of 0.933788. – 425