Figures and ratios - Banca Popolare di Milano

Limits on share ownership
The rule in the banking sector (art. 30 of the Consolidated Banking Act), which is reflected in art. 21 of our Articles of Association provides
that no one can hold shares in excess of 0.50% of the share capital. This limit does not apply to mutual investment funds; the relevant
limits in such cases are those imposed by the rules of the fund concerned.
In 2010, in line with this provision:
� BPM contested 23 shareholders who had exceeded this threshold;
� institutional investors who, according to the information available to the Bank and movements reported by CONSOB, held a
“relevant“ shareholding, i.e. higher than 2%, included the following:
Relevant shareholders at 31 December 2010
Number of shares % held
GRUPPO CM-CIC 20,710,208 4.990
SOCIéTé GéNéRALE 17,859,528 4.303
NORGES BANK 9,132,945 2.200
UBI PRAMERICA SGR SpA 8,518,451 2.052
DIMENSIONAL FUND ADVISORS 8,309,133 2.002
Terms of admission to membership and exclusion
According to the rules on co-operative banks, membership status is not acquired just by owning shares, but by being recorded in the
Register of Members (approval clause); those who do not ask to be registered or those that the Board of Directors do not approve for
registration, giving the reason why, remain simple shareholders and only enjoy capital rights, not the right to vote. If rejected, an aspiring
member can appeal to the Board of Arbitrators according to the rules laid down in the Articles of Association.
The application of the law which refers to the method of admission and exclusion of members (art. 2528 Italian Civil Code and arts. 11
and 16 of the Articles of Association), as well as management of the relationship with them, are governed by a framework resolution that
provides for the creation of a Members' Relations Commission, which is vested with powers of investigation for admission and exclusion
of members and all other powers specified in the Resolution. This Commission also plays a particularly important role in the relationship
with members by studying, planning and proposing initiatives dedicated to them and to support the mutualistic spirit.
During 2010 the Members' Commission developed a series of amendments to the Framework Resolution to promote expansion of the
membership base and increase participation; these amendments were approved by the Board of Directors in January 2011. Specifically,
these amendments concerned the procedures for admission to membership, making it easier in particular for shareholders who do not
have their shares on deposit at BPM (possibility to submit the Application Form through third party representatives or to send it in by
registered mail).
1. Ale & Franz and Friends: March 2010. First event organised by the BPM Club Members : a charity evening exclusively for BPM members at the Auditorium of Milan, with the participation of
artists from the cabaret programme “Zelig“
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