Cassa di Risparmio di Volterra S.p.A. was founded in 1494 A.D., and since then has always distinguished itself for its relationship with the local territory. It represents the most typical and essential support for medium and small sized industrial companies, agriculture, commerce and handicraft activities as well as families. It has always shown particular attention to its own territory of business, with a continuous support to local economy. In May 2006, Cassa di Risparmio di Volterra S.p.A. has concluded a syndicated loan operation, allowing the performance in the European interbanking market and enabling to attract funds from the foreign market. The operation was arranged by BNL (Banca Nazionale del Lavoro), London, and Raiffeisen Zentralbank Oesterreich AG, was a success, greater than expected, with a final subscription of 80 million euro, instead of the original proposed 60 million euros total amount. Composed by high standing members and chaired by Prof. Giovanni Manghetti (for over eight years Director and President of ISVAP Italian High Authority for Insurance Services), Cassa di Risparmio di Volterra S.p.A. has started a large number of initiatives which could prepare its own future, while it has continued to deeply root in the local territory of business. Cassa di Risparmio di Volterra S.p.A. has been granted in 2007 by AIFIN (Italian Association for Financial Innovation) the first national award for Best Bank of the Territory 2007 and the first award for supporting local economy. In 2008 Cassa di Risparmio di Volterra S.p.A.s projects have been chosen by AIFIN as best national scheme for art and culture and second best for social initiatives. PROFILE

All savings collected are invested in seven different provinces of Tuscany, where the bank operates with nearly 80 branches, in support to families, small and medium enterprises. Cassa di Risparmio di Volterra S.p.A. is in conclusion a traditional bank, mindful of the market and capable to offer to its customers the answers to their financial and savings requests. TARGET MARKET

SHAREHOLDERS

HEAD OFFICE DETAILS PO Box 65, Piazza Dei Priori 16, Volterra (PI) - Italy Tel: Fax: Tgms: cassarisparmio SWIFT/BIC: CRVO IT 3V ABI/CAB: 06370/71221 CHIPS UID: Website: Ownership type: Joint Stock Bank Regulator: Banca dItalia Member of: Associazione per la Tutela degli Investitori in Titoli Argentini, Banca d'Italia Regolamento Lordo, Corporate Banking Interbancario, Trans-European Automated Real- Time Gross Settlement Express Transfer System. Office Summary: 75 branches Average number of employees divided by category: Managers6 Total officers121 Total remaining employees340 Other employees39 TOTAL506

FINANCIALS UNCONSOLIDATED BALANCE SHEET DICEMBER 31, ASSETS Cash & Banks110,377,47684,955,047 Investments226,547,580236,721,037 Loans & Cash1,447,455,4681,300,423,551 Fixed Assets40,684,53040,736,620 Other Assets28,982,77332,535,729 TOTAL1,854,047,8271,695,371,984 LIABILITIES Deposits1,635,437,6281,471,126,281 Other Liabilities68,685,20281,914,251 Capital36,152,200 Reserves100,998,29491,597,894 Profits/Loss12,774,50314,581,358 TOTAL1,854,047,8271,695,371,984 PROFIT & LOSS STATEMENT Net interests inc.60,843,50657,425,830 Other income28,121,37130,187,258 Other expense( )( ) Net Profit/loss12,774,50314,581,358 PERFORMANCE RATIOS Net Profity/Equity Capital9.31%11.41% Net Profity/Total Assets0.69%0.86% Equity Capital/Total Assets7.40%7.54% For further financial information, please refer to our homepage on the website: For official documents:

Auditors: PricewaterhouseCoopers S.p.A Affiliated Companies (Under 20%) Societa Aeroporto Toscano Galileo Galilei, Pisa1.42% Cedacri SpA, Collecchio6.099% FINEV-SGR S.p.A., Italy4.999% Consorzio Formazione Volterra Soc Consortile19.637% Promozione e Sviluppo Val di Cecina Srl, Cecina5.720% PB SRL, Milan2.890% Terre Dell'Etruria Soc.Coop.a.r.l., Italy1.485%

PERSONNEL PRESIDENT Prof. Giovanni Manghetti BOARD MEMBERS Avv Renzo Verdianelli, Rag Sergio Ninci, Rag Carlo Carli Maltinti, Cav Michele Di Gianni, Rag Giorgio Ghionzoli Board of Statutory Auditors: PRESIDENT Rag Giovanni Del Chicca AUDITORS Rag Lino Suvereti Rag Sergio Volterrani ALTERNATE AUDITORS Dott Ciro Gennaro Corvese Dott. Andrea Fidanzi For further information, please contact: FINANCE & INTERNATIONAL DIVISION Nicola Parenti – C.F.O Stefano Pitti – Vice C.F.O Leonardo Rossi – International Dept. Coordinator MANAGEMENT: GENERAL MANAGER Roberto Pepi VICE GENERAL MANAGER Andrea Nacci