5,000,000,000 Covered Bond Programme

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Data as of 30 June 2015 5,000,000,000 Covered Bond Programme Please note being this report as of June 2015, 30 it does not include: - the V Series new issuance (Eur 750ml, IT0005120198), effective from July 2015, 29.

Data as of 30 June 2015 5,000,000,000 Covered Bond Programme Counterparties Issuer Sellers Guarantor Servicer Calculation Agent Principal Paying Agent Investment Agent Liability Swap Provider Representative of the Covered Bondholders Corporate Servicer Guarantor Calculation Agent Italian Account Bank Cash Manager Italian Paying Agent English Account Bank Asset Monitor Estense Covered Bond S.r.l. The Royal Bank of Scotland plc BNP Paribas Securities Services, London Branch Deloitte & Touche Spa List of the outstanding securities Denomination Series & Tranches Isin Code Currency Notional Amount Issue Date Maturity Date BCA POP EMILIA ROMAGNA 3,375% 15/10/2013-22/10/2018 CB III Series - I and II Tranches IT0004965346 Eur 1.000.000.000 15/10/2013 22/10/2018 BCA POP EMILIA ROMAGNA 0,875% 22/01/2015-22/01/2022 CB IV Series - I Tranche IT0005076929 Eur 750.000.000 22/01/2015 22/01/2022 2

Cover Pool details Overview data Eur collateral currency 100,00% Banca popolare dell Emilia Romagna origination 100,00% Total current loan balance 3.220.484.757 Average current loan balance 86.944 Borrower concentration (% of largest ten borrowers) 0,28% Total number of loans 37.041 Total number of borrowers 36.756 Total number of properties 37.988 Loans to employees of BPER Group 0,00% Residential mortgages loans 100,00% Weighted average seasoning (months) 50,76 Weighted average remaining maturity (months) 199,83 No prior rank on loan collateral 100,00% Weighted average original LTV (as of the granting date) 58,35% Weighted average unindexed current LTV 48,63% Weighted average indexed current LTV 49,52% Fixed rate 10,04% Mixed - Fixed as of this report date 6,55% Floating 30,70% Mixed - Floating as of this report date 52,38% Foreclosure (non performing loans) 0,33% Loans in arrear > 90 days (Foreclosure, alias npl, included) 0,76% WA interest rate on floating loans (Mixed - Floating included) 2,41% WA margin on floating loans (Mixed - Floating included) 2,07% Weighted average interest rate on fixed loans (Mixed - Fixed included) 4,63% Contractual overcollateralisation 19,00% Committed to rating agencies overcollateralisation 20,00% % ABS included in the cover pool 0,00% Unindexed current LTV distribution Number of Loans % Current Balance % 0% - 40% 18.153 49,01% 1.047.807.117 32,54% 40% - 50% 5.471 14,77% 535.133.782 16,62% 50% - 60% 5.124 13,83% 565.198.089 17,55% 60% - 70% 5.280 14,25% 670.847.590 20,83% 70% - 80% 3.013 8,13% 401.498.179 12,47% > 80% - 0,00% - 0,00% Indexed current LTV distribution Number of Loans % Current Balance % 0% - 40% 17.728 47,86% 1.012.497.523 31,44% 40% - 50% 5.354 14,45% 518.423.648 16,10% 50% - 60% 4.993 13,48% 547.159.487 16,99% 60% - 70% 5.243 14,15% 650.030.537 20,18% 70% - 80% 3.646 9,84% 481.103.542 14,94% > 80% 77 0,21% 11.270.020 0,35% 3

Current Loan Amount Number of Loans % Current Balance % 0-25.000 Euro 3.793 10,24% 57.925.256 1,80% 25.001-50.000 Euro 7.536 20,35% 917.781.817 28,50% 50.001-75.000 Euro 2.683 7,24% 459.556.449 14,27% 75.001-100.000 Euro 1.317 3,56% 313.325.493 9,73% 100.001-150.000 Euro 7.559 20,41% 288.528.984 8,96% 150.001-200.000 Euro 7.319 19,76% 455.850.398 14,15% 200.001-300.000 Euro 6.432 17,36% 560.640.765 17,41% over 300.000 Euro 402 1,09% 166.875.597 5,18% Interest Type Number of Loans % Current Balance % Fixed rate 5.873 15,86% 323.221.506 10,04% Mixed - Fixed as of this report date 2.241 6,05% 210.866.898 6,55% Floating 11.463 30,95% 988.715.262 30,70% Mixed - Floating as of this report date 17.359 46,86% 1.686.948.721 52,38% Loans legal maturity Number of Loans % Current Balance % 0-1 year 463 1,25% 2.772.865 0,09% 1-2 year 674 1,82% 9.658.281 0,30% 2-3 year 691 1,87% 15.371.316 0,48% 3-4 year 1.063 2,87% 32.224.266 1,00% 4-5 year 1.650 4,45% 58.952.546 1,83% 5-10 year 8.130 21,95% 473.114.502 14,69% over 10 year 24.265 65,51% 2.617.658.610 81,28% Seasoning (months) Number of Loans % Current Balance % < 12 3.261 8,80% 334.204.260 10,38% 12 - < 24 3.625 9,79% 360.878.332 11,21% 24 - < 36 3.111 8,40% 298.932.449 9,28% 36 - < 60 10.875 29,36% 1.067.123.775 33,14% 60 16.169 43,65% 1.159.345.941 36,00% 4

Interest payment frequency Number of Loans % Current Balance % Monthly 36.147 97,59% 3.146.365.419 97,70% Bimonthly 1 0,00% 196.568 0,01% Quarterly 177 0,48% 18.967.812 0,59% Semi-Annual 611 1,65% 44.222.588 1,37% Annual - 0,00% - 0,00% Geographical Distribution Number of Loans % Current Balance % Abruzzo 4.445 12,00% 286.880.838 8,91% Basilicata 1.394 3,76% 80.770.862 2,51% Calabria 1.780 4,81% 124.564.437 3,87% Campania 2.427 6,55% 172.229.447 5,35% Emilia Romagna 17.854 48,20% 1.681.170.158 52,20% Friuli Venezia Giulia 9 0,02% 1.244.766 0,04% Lazio 2.465 6,65% 250.319.681 7,77% Liguria 29 0,08% 2.461.015 0,08% Lombardia 1.967 5,31% 202.619.905 6,29% Marche 274 0,74% 24.019.009 0,75% Molise 433 1,17% 25.692.663 0,80% Piemonte 25 0,07% 2.306.392 0,07% Puglia 1.056 2,85% 74.233.317 2,31% Sardegna 18 0,05% 1.701.320 0,05% Sicilia 514 1,39% 44.053.075 1,37% Toscana 535 1,44% 64.574.665 2,01% Trentino Alto Adige 155 0,42% 14.374.060 0,45% Umbria 150 0,40% 12.587.550 0,39% Valle d'aosta 1 0,00% 110.952 0,00% Veneto 1.510 4,08% 154.570.645 4,80% Loans performance Number of Loans % Current Balance % 0 (alias no delay on payments) 35.939 97,02% 3.115.029.737 96,73% > 0 - < 2 months 770 2,08% 71.832.794 2,23% 2 - < 6 months 227 0,61% 22.889.856 0,71% If you have any queries regarding this report please contact: Investor Relations Structure Finance Office Mr. Gilberto Borghi Mr. Marco Biale phone + 39 059 202 2194 or + 39 059 202 2219 phone + 39 02 29022 474 or + 39 02 29022 281 gilberto.borghi@bper.it marco.biale@bper.it 5