Principles of Intesa Sanpaolo Regarding Non-Armament Policy

<p style="text-align: justify;"><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;"><span lang="EN-US">Dear clients</span><span lang="EN-US">!</span></span></span></p><p style="text-align: justify;"><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;"><span lang="EN-US">We inform you that theposition of PRAVEX-BANK as a part of Intesa Sanpaolo Group is in fullcompliance with the principles of the Group which reject war as a means ofsettling international disputes.</span></span></span></p><p style="text-align: justify;"><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;"><span lang="EN-US">As a result, the Bank, in accordance with the valuesand principles, reflected in the Code of Ethics,&nbsp;<strong>hasintroduced the internal &ldquo;Non-Armament Policy&rdquo;</strong>, which, within operations of the Bank and the Group in the arms sector,&nbsp;<strong>providesfor non-participation of the Bank in activities of the financing and executionof transactions, relating to trading and manufacturing of weapon and weaponsystems, even if permitted by the law.</strong></span></span></span></p>