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

ANNEXThe tables below shows the structure of the remuneration packages offered by Mediobanca, showing the fixed and variablecomponents (cash and equity, deferred and not deferred), out of total compensation as at 30 June 2010 and 30 June 2011, bycategory of “most relevant staff”.FIXEDCashupfront2009/2010 2010/2011Total Remuneration ¹ Total Remuneration ¹Variable Remuneration Variable RemunerationCashdeferredEquityupfrontEquitydeferredFIXEDCashupfrontCashdeferredEquityupfrontEquitydeferredDirectors 100% 0% 0% 0% 0% 100% 0% 0% 0% 0%Executive directors 92% 0% 0% 0% 8% 100% 0% 0% 0% 0%Heads of main business lines and international branches ² 13% 56% 19% 0% 12% 13% 41% 11% 0% 35%Senior Risk Takers Financial Markets area Italy and elsewhere 14% 40% 25% 0% 21% 11% 35% 18% 0% 36%Senior Bankers non risk-takers (with relevant variable remuneration) 33% 54% 0% 0% 13% 24% 51% 0% 0% 25%Other relevant staff (Junior Risk Takers Financial Markets area ) 49% 36% 15% 0% 0% 26% 52% 22% 0% 0%Heads of control units ³ 72% 20% 0% 0% 8% 77% 23% 0% 0% 0%Other divisional staff 58% 42% 0% 0% 0% 45% 55% 0% 0% 0%Other employees in staff units 65% 33% 0% 0% 3% 70% 30% 0% 0% 0%NOTE¹ Percentage of total compensation. Stock options awarded on 2 August 2010 have been included for 2010. The equity component (performance shares 2011) have beenmeasured and recognized in accordance with IAS/IFRS 2.² Does not include two staff employed at international branches on individual contracts prior to the introduction of the new regulations.³ Head of company financial reporting, Heads of internal audit, Compliance and Risk management units; as from 2011 includes the head of Human resources.– 493