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

Declaration in respect of consolidated financial statementsas required by Article 81-ter of Consob resolutionno. 11971 issued on 14 May 1999 as amended1. The undersigned Alberto Nagel and Massimo Bertolini, in their respectivecapacities as Chief Executive Officer and Head of Company FinancialReporting of Mediobanca, hereby declare and in view inter alia of theprovisions contained in Article 154-bis, paragraphs 3 and 4, of ItalianLegislative Decree 58/98, that the administrative and accounting proceduresused in the preparation of the consolidated financial statements:– were adequate in view of the company’s characteristics; and– were effectively applied during the year ended 30 June 2011.2. Assessment of the adequacy of said administrative and accountingprocedures for the preparation of the consolidated financial statements as at30 June 2011 was based on a model defined by Mediobanca in accordancewith benchmark standards for internal control systems which are widelyaccepted at an international level (i.e. the CoSO and CobiT frameworks).3. It is further hereby declared that3.1 the consolidated financial statements:– have been drawn up in accordance with the International FinancialReporting Standards adopted by the European Union pursuant to CEregulation no. 1606/02 issued by the European Parliament andCouncil on 19 July 2002;– correspond to the data recorded in the company’s books andaccounts ledgers;– are adequate for the purpose of providing a truthful and accuraterepresentation of the capital, earnings and financial situation of theissuer and the group of companies included within its area ofconsolidation.3.2 the review of operations contains reliable analysis of the Group’soperating performance and results, and of the situation of MediobancaS.p.A. and the group of companies comprised within its area ofconsolidation, along with a description of the main risks anduncertainties to which they are exposed.Milan, 21 September 2011Chief Executive OfficerAlberto NagelHead of Financial ReportingMassimo Bertolini– 55