CDP: HALF-YEARLY REPORT AS AT 30 JUNE 2026 APPROVED RESOURCES DEPLOYED TO THE REAL ECONOMY EXCEED 20 BILLION EURO

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CDP: HALF -YEARLY REPORT AS AT 30 JUNE 2026 APPROVED

RESOURCES DEPLOYED TO THE REAL ECONOMY

EXCEED 20 BILLION EURO

In the first six months of 2026, the CDP Group deployed a record 20.1 billion euro in resources, up 27% compared with the same period in 2025

Supported investment rose to 49.5 billion euro, growing significantly (+19%) compared with the first half of 2025, with a leverage effect of 2.5 times the resources deployed, also driven by the attraction of additional capital

CDP SpA's outstanding loans to Public Administration, Enterprises, Infrastructure and International Cooperation amounted to approximately 130 billion euro (+2% compared with year -end 2025)

CDP SpA's total funding reached 363 billion euro (+2% compared with year -end 2025)

Consolidated net income amounted to 4.3 billion euro, an increase of 1 billion euro compared with the same period of the previous year. CDP SpA's net income amounted to 1.8 billion euro

Eighteen months after the launch of the 2025 -2027 Strategic Plan, the results achieved in terms of deployed resources and supported investments have significantly exceeded the Plan’s expectations

Rome, 30 July 2026 – The Board of Directors of Cassa Depositi e Prestiti SpA (CDP), chaired by Giovanni Gorno Tempini , today approved the half-yearly report as of 30 June 2026 , as presented by the Chief Executive Officer and General Manager, Dario Scannapieco .

The Board of Directors also approved transactions with a total value of approximately 1.3 billion euro , comprising initiatives to support local communities, businesses, infrastructure, international development cooperation and social housing .

Key Results and Activities for the Half -Year

In the first half of 2026, the CDP Group1 achieved record levels of resources deployed and supported investments . In line with the four priorities set out in the 2025 -2027 Strategic Plan (national competitiveness, social and territorial cohesion, economic security and the Just Transition), the Group deployed a record 20.1 billion euro in resources, marking a strong increase by 27% from the 15.8 billion euro deployed in the first six months of 2025.

During the same period, supported investments totalled 49.5 billion euro , representing a significant ( +19% ) increase from 41.6 billion euro in the first half of the previous year, with a leverage

1 For the purposes of financial reporting, the CDP Group comprises CDP and its subsidiaries subject to Management and Coordinati on.

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effect of 2.5x , exceeding the Plan's projected 2.1x over the three -year period, also thanks to the attraction of additional capital.

CDP SpA's loan portfolio supporting Public Administration, businesses, infrastructure and international development cooperation amounted to approximately 130 billion euro, up 2% compared with the end of 2025 (127 billion euro). The committed loan portfolio , which also includes amounts yet to be disbursed and guarantees issued, stood at approximately 155 billion euro as at June 2026, up 1% from 153 billion euro at year -end 2025.

CDP SpA’s total funding amounted to 363 billion euro , of which 301 billion euro related to postal savings, up 1% compared with 297 billion euro at year -end 2025. At the same time, bond funding totalled 24 billion euro, down 2% compared with the end of the previous financial year.

CDP SpA’s equity amounted to 31 billion euro , down slightly compared with the previous financial year's closing balance, reflecting the impact of profits and dividend distributions during the period.

CDP SpA net income for the first half of the year amounted to 1.8 billion euro , down slightly from 1.9 billion euro in the corresponding period of the previous year, primarily attributable to higher tax expense resulting from legislative changes to the applicable tax regime and to the trend in dividends received from Group companies .

Consolidated net income2 amounted to 4.3 billion euro , an increase of 1 billion euro compared with the first half of 2025.

With regard to the investee companies , the most significant developments included the increase of the stake held in CDP's stake in Nexi, aimed at promoting shareholder stability and supporting the company's long -term industrial strategy, as well as the pro rata subscription participation of in the capital increase of Trevi Finanziaria I ndustriale .

At the international level, key developments included initiatives carried out within the framework of the Italian Government's Mattei Plan, as well as support provided to businesses to enhance their competitiveness in international markets. During the first half of 2026, CDP held the Presidency of JEFIC (Joint European Financiers for International Cooperation ), which brings together some of Europe's leading bilateral development finance institutions. In this capacity, CDP hosted the network's High -level Meeting in Rome.

In the area of sustainability , CDP further strengthened its positioning through the recognition from MSCI , which for the first time assigned CDP the highest rating on the agency's scale, and by expanding stakeholder engagement initiatives through the second edition of the Impact Award .

Eighteen months after the launch of the 2025 -2027 Strategic Plan, results are well ahead of expectations. At the midpoint of the Plan, more than 60% of the three -year target for deployed resources had already been achieved, with a leverage effect of 2.5x, exceeding the Plan's projected 2.1x.

The key innovation measures set out in the Plan have been successfully implemented, and all priority strategic initiatives have been launched. CDP has strengthened its role in supporting the country's economic fabric , including through the full roll -out of its direct lending channel for SMEs , the

2 The consolidated half -yearly report includes, in addition to CDP Group, companies over which CDP does not exercise management and coordination.

3

launch of innovative financial instruments and the initiation of high -impact transactions3. The Group also strengthened its collaboration with Public Administrations , expanded its support for strategic infrastructure and reinforced its local presence through an increasingly extensive network and the establishment of five macro -regional hubs. At the same time, the international dimension of its activities continued to grow, spanning development cooperation, European initiatives and partnerships with global organisations. Finally, CDP reaffirmed its leadership in sustainable finance through new Green and Social bond issuances, bringing the total number of ESG issuances completed to twelve4.

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"The first half of the year just ended," said Giovanni Gorno Tempini, Chairman of Cassa Depositi e Prestiti, "provides a snapshot of a strong and dynamic institution that creates value through the constant commitment of its people, helping to build the country's future with confidence and a spirit of service, even against the backdrop of a challenging global env ironment. The results we are presenting today confirm CDP's ability to combine financial strength, a long -term vision and innovation, while mobilising and attracting capital to generate a significant leverage effect. From this perspective, postal savings c ontinue to represent a fundamental resource that we have a responsibility to transform into productive investment, supporting the sustainable, inclusive and long -

term growth of the real economy. We will continue to carry out our role with a strong sense of responsibility, supported by our shareholders, the Ministry of Economy and Finance and the banking foundations, and in constant dialogue with institutions, the productive system and local communities".

“The results achieved in the first half of the year,” said Dario Scannapieco, Chief Executive Officer and General Manager of Cassa Depositi e Prestiti , “confirm the effectiveness and quality of the path we have embarked upon. More than 20 billion euro in deployed resources and 49.5 billion euro in supported investment enable us to look back with pride on what has been accomplished so far and ahead with co nfidence to the next steps. Behind these figures lies the determination to make the many initiatives introduced fully operational, including direct, high -impact support for SMEs and Mid-Caps, the management of funds on behalf of public sector entities, the expansion of CDP's role at both the European and international levels, a stronger local presence, and a continued focus on innovation and the efficiency of its operating model. Eighteen months after the launch of the Strategic Plan, CDP continues to demon strate the strength of its contribution to the country's development through an increasingly innovative approach and a growing commitment to economic security, competitiveness and social cohesion”.

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CDP SpA

Resources deployed : 14.0 billion euro (11.1 billion in the first half of 2025) Net income : 1.8 billion euro (1.9 billion in the first half of 2025) Loans : 130 billion euro (127 billion at the end of 2025) Postal savings : 301 billion euro (297 billion at the end of 2025) Equity : 31 billion euro (32 billion at the end of 2025)

3 Regarding financing transactions characterised by a higher risk profile in exchange for the greater impact generated by the underlying project.

4 Aggregate figure calculated from 2017 onwards.

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CDP Group

Resources deployed : 20.1 billion euro (15.8 billion in the first half of 2025) Consolidated net income : 4.3 billion euro (3.3 billion in the first half of 2025) Consolidated net income pertaining to the Parent Company CDP SpA : 3 billion euro (2 billion in the first half of 2025) Total consolidated assets : 502 billion euro (489 billion at the end of 2025) Consolidated equity : 53 billion euro (50 billion at the end of 2025)

For more information on the key results, please refer to the following sections.

Half-Year Business and Financial Performance

CDP SpA

As regards the balance sheet items , total assets amounted to 401 billion euro (+3% compared to 2025) and mainly included:

• cash and cash equivalents and other short -term assets amounted to 142 billion euro , up 4% compared with year -end 2025 (137 billion euro), reflecting the overall trend

in funding;

• loans amounting to 130 billion euro , an increase of 2% compared with the year -end 2025 balance (127 billion euro), mainly driven by higher lending to the private sector. The committed loan portfolio, including commitments and guarantees issued, stood at approximately 155 billion euro at the end of June 2026, up 1% compared with the level recorded at the end of 2025 (153 billion euro);

• debt securities amounted to 85 billion euro , up 1% compared with year -end 2025 (84 billion euro), reflecting purchases made during the period as part of asset -liability

management activities;

• equity investments and funds amounted to 39 billion euro , an increase of 2% compared with year -end 2025, as new investments exceeded distributions received during the period.

Total funding amounted to 363 billion euro , up compared with the end of the previous financial

year. Specifically:

• postal funding amounted to 301 billion euro , up 1% compared with year -end 2025 (297 billion euro), reflecting positive net funding recorded during the first half of the year and interest accrued in favour of savers;

• funding from banks and customers amounted to 38 billion euro , an increase of 15% compared with year -end 2025 (33 billion euro), mainly driven by higher short -term

funding;

• bond funding amounted to 24 billion euro , down 2% compared with year -end 2025 (24 billion euro5), reflecting bond maturities only partially offset by new issuances during the first half of the year, in both the institutional and retail markets. Notably, CDP successfully issued its eighth Social Bond.

Lastly, equity amounted to 31 billion euro , down slightly compared with year -end 2025, as profit for the period partially offset the dividends distributed during the first half of the year.

5 More specifically, bond funding decreased from 24.2 billion euro at the end of 2025 to 23.7 billion euro as at 30 June 2026.

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With regard to CDP SpA's financial performance, net income amounted to 1.8 billion euro , a slight decrease (0.1 billion euro) compared with the corresponding period of the previous financial year. In particular:

• net interest income amounted to 1.4 billion euro , up 58 million euro compared with the first half of 2025, mainly reflecting the continued implementation of asset -liability management initiatives, including the optimisation of the financial asset mix and the benefits of self -funding achieved in line wit h the Strategic Plan guidelines;

• dividends amounted to 1.0 billion euro , down 98 million euro compared with the first half of 2025, mainly due to the trend in dividends received from Group companies;

• other net revenues amounted to 0.1 billion euro , up by 36 million euro compared with the first half of 2025;

• cost of risk amounted to 18 million euro , worsening by 33 million euro compared with the same period of 2025, which had benefited from positive fair value changes in

investment funds;

• tax expense amounted to 583 million euro , up 73 million euro compared with the corresponding period of 2025, primarily due to changes in the applicable tax legislation;

• cost/income ratio remained low at 8%.

Main Activities of the CDP Group

During the first half of the year, the CDP Group continued to implement initiatives across the five pillars of the 2025 -2027 Strategic Plan – Business, Advisory, Equity, Real Assets and International – deploying total resources of approximately 20.1 billion euro , up 27% compared with the same period of 2025.

On the Business front, lending activities continued in support of companies, Infrastructures and Public Administration, as well as the management of public mandates. In particular:

➢ Enterprises and Financial Institutions: approximately 14.5 billion euro were deployed.

Among the Group's principal initiatives in support of the business sector was the further strengthening of its direct operations for companies with 20 transactions involving SMEs and 21 high -impact transactions6 focused on Southern Italy, ESG and innovation, with resources deployed totalling 142 million euro;

➢ Infrastructures: approximately 2.0 billion euro were deployed. The main initiatives included support for investments aimed at enhancing the safety and modernisation of the transport network, as well as support for the expansion of infrastructure dedicated to energy generation from renewable sources, pa rticularly in Southern Italy;

➢ Public Administration: around 2.3 billion euro were deployed. Among the key activities during the period were new loans to local authorities, including treasury advances, amounting to 735 million euro, together with the management of NRRP (National Recovery and Resilience Plan) resources to support th e development of student accommodation.

In the Advisory area, during the first half of the year the CDP Group supported Public Administration investment programmes through the continued delivery of services in support of the NRRP and advisory assistance on 30 InvestEU projects, primarily in the areas of social housing, transport and road infrastructure, as well as energy and the environment.

6Regarding financing transactions characterised by a higher risk profile in exchange for the greater impact generated by the underlying project.

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With regard to the Equity pillar, approximately 0.4 billion euro were deployed. Key direct equity initiatives included the increase of the stake held in Nexi , aimed at promoting shareholder stability and supporting the company's long -term industrial strategy, as well as the pro rata subscription of the rights issue launched by Trevi Finanziaria Industriale. Indirect equity activities also continued in support of corporates, start -ups and infrastructure.

In the Real Asset area, resources of approximately 0.6 billion euro were deployed. Other key initiatives included commitments to investment funds supporting the housing sector and investments in the tourism industry to foster the sector's growth.

CDP also further strengthened its international role. In particular:

➢ International Cooperation & Development Finance: approximately 0.4 billion euro were deployed. Key initiatives included support for the African continent, particularly within the framework of the Italian Government's Mattei Plan, with approximately 1 billion euro of approved resources, as well as the signing of an agreement, in partn ership with Europe's leading national promotional institutions, to support the reconstruction of Ukraine;

➢ European and International Affairs : CDP secured additional resources under the InvestEU programme to support investment in high -impact projects placing CDP among Europe's leading National Promotional Banks (NPBs). The Group also further strengthened its global positioning through the expansion of its Business Matching platform.

Consolidated Financial Statements

The half-yearly condensed consolidated financial statements include, in addition to the companies within the CDP Group, entities over which CDP does not exercise management and coordination, including major listed subsidiaries such as SNAM, Terna, Italgas, Trevi and Fincantieri, as well as significant listed assoc iates including ENI, Poste Italiane, Saipem, WeBuild and Nexi.

Consolidated net income for the first half of the year amounted to 4.3 billion euro , an increase of 1 billion euro compared with the corresponding period of the previous year, driven by improved results from equity investments and the strong performance of the industrial companies. Net income pertaining to the Parent Company was 3 billion euro (2 billion in the first half of 2025).

Total consolidated assets amounted to 502 billion euro , up approximately 2.6% compared to the end of the previous financial year (489 billion euro).

Total funding amounted to 414 billion euro , up 2.3% compared with year -end 2025 (405 billion euro). This item mainly includes the Parent Company's postal funding, funding from banks, and bond issuances primarily attributable to CDP and the Terna, Snam, and Italgas groups.

Consolidated equity amounted to 53 billion euro , an increase of 4.9% compared with the previous year-end (50 billion euro), reflecting the positive results for the period and the impact on non -

controlling interests of the capital instrument issuances completed during the first half of the year, net of dividends distributed.

Sustainability: Progress on the 2025 -2027 ESG Plan

During the first half of 2026, CDP further strengthened its ESG (Environmental, Social and Governance) activities, in line with the commitments set out in the 2025 -2027 Group ESG Plan .

In particular, during the first 18 months of the Plan, CDP further consolidated its role in supporting local communities and businesses, with approximately 8.5 billion euro deployed in support of SMEs . During the same period, reflecting the growing focus on environmental issues, approximately

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3.4 billion euro in deployed resources was allocated to climate action in support of counterparties demonstrating a strong level of alignment with the EU Taxonomy.

In addition, approximately 1.9 billion euro was dedicated to promoting sustainable and inclusive growth and to protecting the climate and the environment in partner countries under international development cooperation programmes. Support for ESG -related activities also continued through advisory s ervices provided to Public Administration, particularly for social and sustainable infrastructure projects (including school and healthcare facilities) and initiatives supporting the digital transition.

Stakeholder engagement initiatives on sustainability were also strengthened through the second edition of the Impact Award , which recognises initiatives by businesses, Public Administrations and in the field of International Cooperation that generate positive and measurable social and environmental impact.

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Please note that the Independent Auditors are completing the review of the half -yearly condensed consolidated financial statements as at 30 June 2026. The reclassified consolidated financial statements set out in the Annex are not subject to auditing by the Independent Auditors.

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The Manager in charge with preparing the company's financial reports, Fabio Massoli, declares pursuant to Article 154 -bis, paragraph 2, of the Consolidated Law on Finance that the accounting information contained in this press release corresponds to docume ntary evidence and the accounting books and records.

The 2026 consolidated half -yearly report , together with the certification pursuant to Article 154 -bis, paragraph 5, of the Consolidated Law on Finance and the Independent Auditors’ Report will be made available to the public at the Company's registered office, on the CDP website and in any other manner provided for by the applicable law, within the legal time limits.

CDP Media Relations

T +39 06 4221 3990

ufficio.stampa@cdp.it | www.cdp.it Investor, Co -Investor & Rating Agencies Relations

T +39 06 4221 3253

investor.relations@cdp.it | www.cdp.it

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ANNEXES

Reclassified balance sheet and income statement figures for CDP S.p.A. at 30 June

2026 (*)

(*) The reclassified figures are not subject to auditing by the Independent Auditors

RECLASSIFIED BALANCE SHEET - Assets

(millions of euro; %) 30/06/2026 31/12/2025 Change (+ / -) (%) change Cash and cash equivalents and other short term investments 142,119 136,606 5,513 4.0% Loans 129,948 127,343 2,605 2.0% Debt securities 85,333 84,090 1,243 1.5% Equity investments and funds 38,629 37,990 639 1.7% Assets held for trading and hedging derivatives 1,949 2,151 (202) -9.4% Property, plant and equipment and intangible assets 612 481 131 27.3% Accrued income, prepaid expenses and other non-interest-

bearing assets1,885 1,559 325 20.9% Other assets 500 586 (86) -14.7% Total assets 400,975 390,807 10,168 2.6% RECLASSIFIED BALANCE SHEET - Liabilities and equity (millions of euro; %) 30/06/2026 31/12/2025 Change (+ / -) (%) change Funding 363,458 354,808 8,649 2.4%

- of which :

- postal funding 301,467 297,184 4,283 1.4%

- funding from banks 32,739 28,663 4,075 14.2%

- funding from customers 5,537 4,753 785 16.5%

- bond funding 23,715 24,208 (493) -2.0% Liabilities held for trading and hedging derivatives 1,355 1,200 155 12.9% Accrued expenses, deferred income and other non-interest-

bearing liabilities1,262 1,154 108 9.4% Other liabilities 2,976 1,451 1,525 105.1% Provisions for contingencies, taxes and staff severance pay 776 657 119 18.1% Equity 31,148 31,536 (389) -1.2% Total liabilities and equity 400,975 390,807 10,168 2.6%

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CDP S.p.A. Statements of reconciliation of accounting and operating figures

Balance sheet – Assets - Reconciliation

RECLASSIFIED INCOME STATEMENT

(millions of euro; %) 30/06/2026 30/06/2025 Change (+ / -) (%) change Net interest income 1,425 1,367 58 4.2% Dividends 1,036 1,134 (98) -8.7% Other net revenues (costs) 139 103 36 34.5% Gross income 2,600 2,605 (5) -0.2% Write-downs (18) 15 (33) n/s Staff costs and other administrative expenses (184) (165) (19) 11.4% Amortisation and other operating expenses and income (17) (29) 12 -42.5% Operating income 2,381 2,426 (44) -1.8% Provisions for risks and charges (0) 8 (8) n/s Income taxes (583) (510) (73) 14.4% Net income for the period 1,798 1,924 (126) -6.6% 10. Cash and cash equivalents 489 489 0 0 20. Financial assets measured at fair value through profit or loss 4,611 180 4,070 360 1 a) Financial assets held for trading 360 360 1 b) Financial assets designated at fair value c) Other financial assets mandatorily measured at fair value 4,251 180 4,070 30. Financial assets measured at fair value through other comprehensive income11,811 362 11,267 82 101 40. Financial assets measured at amortised cost 349,097 141,630 129,330 74,066 4,071 a) Loans to banks 31,158 4,043 26,998 117 b) Loans to customers 317,939 137,586 102,333 74,066 3,954 50. Hedging derivatives 1,589 1,589 60. Fair value change of financial assets in hedged portfolios (+/-) (2,298) (2,298) 70. Equity investments 34,477 34,477 80. Property, plant and equipment 533 533 90. Intangible assets 79 79 100. Tax assets 313 313 110. Non-current assets and disposal groups held for sale 120. Other assets 273 75 11 186 400,975 142,119 129,948 85,333 38,629 1,949 612 1,885 500(millions of euro) ASSETS - Balance sheet items

Total assetsOther

assets 30 June 2026Cash and

cash

equivalents

and other short

term

investments LoansDebt

securitiesEquity

investments

and fundsAssets held for

trading and

hedging

derivativesProperty, plant

and equipment

and intangible

assetsAccrued income,

prepaid expenses

and other non-

interest bearing

assets

10

Balance sheet – Liabilities and equity - Reconciliation

Income statement - Reconciliation

10. Financial liabilities measured at amortised cost 364,548 363,458 301,467 32,739 5,537 23,715 1,090 a) Due to banks 24,058 23,990 369 23,620 68 b) Due to customers 316,571 315,753 301,097 9,118 5,537 818 c) Securities issued 23,918 23,715 23,715 203 20.Financial liabilities held for trading 305 305 30.Financial liabilities designated at fair value 40.Hedging derivatives 1,050 1,050 50.Fair value change of financial liabilities in hedged portfolios (+/-

) 60.Tax liabilities 315 315 70.Liabilities associated with assets held for sale 80.Other liabilities 3,148 172 2,976 90.Staff severance pay 1 1 100. Provisions for risks and charges 459 459 110. Valuation reserves 950 950 120. Redeemable shares 130. Equity instruments 140. Reserves 21,901 21,901 150. Share premium reserve 2,447 2,447 160. Share capital 4,051 4,051 170. Treasury shares (-) 180. Net income (loss) for the period 1,798 1,798 400,975 363,458 301,467 32,739 5,537 23,715 1,355 1,262 2,976 776 31,148Funding detail

Funding from

customers Bond Funding Postal FundingFunding from banks(millions of euro) LIABILITIES AND EQUITY - Balance sheet items Total liabilities and equity30 June 2026 FundingLiabilities held for

trading and

hedging

derivativesAccrued expenses,

deferred income and

other non-interest

bearing assetsOther

liabilitiesProvisions for

contingencies,

taxes and staff severance pay Total equity (milions of euro) 10.Interest income and similiar income 5,297 5,297 5,297 5,297 5,297 20.Interest expense and similar expense (3,213) (3,213) (3,213) (3,213) (3,213) 40.Commission income 144 60 84 144 144 144 50.Commission expense (740) (720) (20) (740) (740) (740) 70.Dividends and similar revenues 1,036 1,036 1,036 1,036 1,036 80.Profits (losses) on trading activities (5) (5) (5) (5) (5) 90.Net gain (losses) on hedging activities (16) (16) (16) (16) (16) 100. Gains (losses) on disposal or repurchase 94 94 94 94 94 110. Profits (losses) on financial assets and liabilities measured at fair value through profit or loss(1) 1 2 3 (4) (1) (1) 130. Net impairment adjustments for credit risk (10) (10) (10) (10) 140. Gains/losses from changes in contrats without derecognition(0) (0) (0) (0) 160. Administrative expenses (190) (190) (190) (190) 170. Net accruals to the provisions for risks and charges (4) (4) (4) (0) (4) 180. Net adjustments to/recoveries on property, plant and equipment(13) (13) (13) (13) 190. Net adjustments to/recoveries on intangible assets (15) (15) (15) (15) 200. Other operating income (costs) 17 1 16 17 17 220. Gains (losses) on equity investments 0 0 0 0 230. Gains (losses) on tangible and intangible assets measured at fair value 240. Goodwill impairment 250. Gains (losses) on disposal of investments 0 0 0 270. Income tax for the period on continuing operations (583) (583) (583) 290. Income (loss) after tax on discontinued operations 1,798 1,425 1,036 139 2,600 (18) (201) 2,381 (0) (583) 1,798 Total income statementNet income (loss) for the period INCOME STATEMENT-Financial statement items Write-downsOperating

costsOperating

incomeNet provisions

for risks and

chargesNet interest

incomeOther net

revenues

(costs)Gross

Income 30 June 2026 DividendsIncome

taxes

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Reclassified balance sheet and income statement figures for the CDP Group at 30 June

2026 (*)

Reclassified consolidated balance sheet

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3 (*) The reclassified figures are not subject to auditing by the Independent Auditors

(millions of euro; %) 30/06/2026 31/12/2025 Change (+/-) (%) change

Assets

Cash and cash equivalents and other treasury investments 149,789 142,244 7,545 5.3% Loans 118,400 118,332 68 0.1% Debt securities, equity securities and units in collective investment undertakings107,647 104,204 3,443 3.3% Equity investments 28,122 27,180 942 3.5% Trading and hedging derivatives 2,170 2,265 (95) -4.2% Property, plant and equipment and intangible assets 76,116 73,845 2,271 3.1% Other assets 19,388 20,846 (1,458) -7.0% Total assets 501,632 488,916 12,716 2.6% (millions of euro; %) 30/06/2026 31/12/2025 Change (+/-) (%) change Liabilities and equity Funding 413,893 404,627 9,266 2.3%

- of which :

- postal funding 301,467 297,184 4,283 1.4%

- funding from banks 50,009 46,112 3,897 8.5%

- funding from customers 7,344 6,263 1,081 17.3%

- bond funding 55,073 55,068 5 0.0% Liabilities held for trading and hedging derivatives 1,594 1,732 (138) -8.0% Other liabilities 27,281 26,223 1,058 4.0% Provisions for contingencies, taxes and staff severance pay 5,907 5,844 63 1.1% Total equity 52,957 50,490 2,467 4.9% Total liabilities and equity 501,632 488,916 12,716 2.6%

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Reclassified consolidated income statement

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3 (millions of euro; %) 30/06/2026 30/06/2025 Change (+/-) (%) change Net interest income 939 998 (59) -5.9% Gains (losses) on equity investments 2,120 1,207 913 75.6% Net commission income (expense) 101 122 (21) -17.2% Other net revenues (costs) (8) (85) 77 -90.6% Gross income 3,152 2,242 910 40.6% Net recoveries (impairment) (16) (7) (9) n/s Administrative expenses (7,319) (6,656) (663) 10.0% Other net operating income (costs) 11,629 10,527 1,102 10.5% Operating income 7,446 6,106 1,340 21.9% Net provisions for risks and charges (43) (33) (10) 30.3% Net adjustments to PPE and intangible assets (1,833) (1,653) (180) 10.9% Goodwill impairment n/s Other 28 35 (7) -20.0% Income taxes (1,320) (1,170) (150) 12.8% Net income (loss) for the period 4,278 3,285 993 30.2% Net income (loss) for the period pertaining to non-controlling interests1,296 1,243 53 4.3% Net income (loss) for the period pertaining to the Parent Company2,982 2,042 940 46.0%

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CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 202 6 OF CDP GROUP (*)

CONSOLIDATED BALANCE SHEET

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3 (*) The independent audit of the accounts had not been completed at the date of this press release.

30/06/2026 31/12/2025

3,975,593 5,023,607

4,615,862 4,437,735

400,254 389,014

166,318 193,221

4,049,290 3,855,500

13,548,986 13,159,027

354,095,849 342,549,387

35,775,670 33,042,032

318,320,179 309,507,355

1,769,623 1,875,780

(2,298,381) (2,494,012)

28,121,533 27,179,795

54,876,717 52,853,981

21,239,196 20,991,164

of which:

1,888,435 1,890,031

2,287,809 2,326,562

107,061 178,359

2,180,748 2,148,203

30,200 320,757

19,369,334 20,692,368

501,632,321 488,916,151a) financial assets held for trading b) financial assets designated at fair value c) other financial assets mandatorily measured at fair value a) loans to banks b) loans to customers 130. Other assets Total assets110. Tax assets a) current tax assets b) deferred tax assets 120. Non-current assets and disposal groups held for sale90. Property, plant and equipment 100. Intangible assetsa) insurance contracts issued that are assets b) reinsurance contracts held that are assets(thousands of euro)

Assets

10. Cash and cash equivalents 20. Financial assets measured at fair value through profit or loss 30. Financial assets measured at fair value through other comprehensive income 40. Financial assets measured at amortised cost 50. Hedging derivatives 60. Fair value change of financial assets in hedged portfolios (+/-) 70. Equity investments 80. Insurance assets

- goodw ill

14

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3

30/06/2026 31/12/2025

413,884,393 404,618,571

41,582,784 41,926,200

317,228,426 307,624,828

55,073,183 55,067,543

345,880 595,643

8,210 8,067

1,248,028 1,136,633

2,902,869 2,709,698

421,646 151,602

2,481,223 2,558,096

75 46,478

27,281,820 26,176,930

175,021 178,396

2,829,342 2,955,747

368,795 373,525

2,460,547 2,582,222

708,424 443,344

21,747,691 20,651,403

2,447,172 2,433,786

4,051,143 4,051,143

(80,693)

21,020,027 19,803,915

2,982,226 3,187,090

501,632,321 488,916,151a) insurance contracts issued that are liabilities b) reinsurance contracts held that are liabilities110. Insurance liabilities 190. Non-controlling interests (+/-) 200. Net income (loss) for the period (+/-) Total liabilities and equity170. Share capital 180. Treasury shares (-)120. Valuation reserves 130. Redeemable shares 140. Equity instruments 150. Reserves a) guarantees issued and commitments b) pensions and other post-retirement benefit obligations c) other provisions b) deferred tax liabilities 80. Other liabilities70. Liabilities associated with assets held for sale 100. Provisions for risks and charges90. Staff severance pay a) current tax liabilities(thousands of euro) Liabilities and equity 10. Financial liabilities measured at amortised cost c) securities issued 20. Financial liabilities held for trading 60. Tax liabilitiesa) due to banks b) due to customers 30. Financial liabilities designated at fair value 40. Hedging derivatives 50. Fair value change of financial liabilities in hedged portfolios (+/-) 160. Share premium reserve

15

CONSOLIDATED INCOME STATEMENT

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3 (thousands of euro) Items 1st half of 2026 1st half of 2025 10. Interest income and similar income 5,463,399 5,484,135

- of w hich: interest income calculated using the effective interest rate method 5,459,723 5,390,200 20. Interest expense and similar expense (3,864,229) (3,879,062) 30. Net interest income 1,599,170 1,605,073 40. Commission income 212,536 257,129 50. Commission expense (771,081) (741,804) 60. Net commission income (expense) (558,545) (484,675) 70. Dividends and similar revenues 76,752 82,637 80. Profits (losses) on trading activities (35,447) (228,413) 90. Net gains (losses) on hedge accounting (29,886) 69,445 100. Gains (losses) on disposal or repurchase of: 95,299 35,119 a) financial assets measured at amortised cost 29,737 172 b) financial assets at fair value through other comprehensive income 65,562 34,947 c) financial liabilities 110. Net gains (losses) on other financial assets/liabilities at fair value through profit or loss: (38,200) 38,123 a) financial assets and liabilities designated at fair value (26,904) (222) b) other financial assets mandatorily at fair value (11,296) 38,345 120. Gross income 1,109,143 1,117,309 130. Net impairment adjustments for credit risk relating to: (10,875) (9,285) a) financial assets measured at amortised cost (9,528) (9,971) b) financial assets at fair value through other comprehensive income (1,347) 686 140. Gains/losses from changes in contracts without derecognition (118) 150. Financial income (expense), net 1,098,150 1,108,024 160. Insurance service result a) insurance revenue from insurance contracts issued b) insurance service expenses arising from insurance contracts issued c) insurance revenue arising from reinsurance contracts d) insurance service expenses arising from reinsurance contracts 170. Balance of financial income/expenses relating to insurance business a) net financial expenses/income relating to insurance contracts issued b) net financial income/expenses relating to reinsurance contracts held 180. Net income from financial and insurance operations 1,098,150 1,108,024 190. Administrative expenses (7,318,680) (6,655,770) a) staff costs (1,796,412) (1,567,395) b) other administrative expenses (5,522,268) (5,088,375) 200. Net accruals to the provisions for risks and charges: (47,374) (30,374) a) guarantees issued and commitments (4,765) 2,347 b) other net accrual (42,609) (32,721) 210. Net adjustments to/recoveries on property, plant and equipment (1,159,361) (1,056,858) 220. Net adjustments to/recoveries on intangible assets (673,706) (595,537) 230. Other operating income (costs) 11,628,340 10,526,983 240. Operating costs 2,429,219 2,188,444 250. Gains (losses) on equity investments 2,043,151 1,124,608 260. Net gains (losses) on property, plant and equipment and intangible assets measured at fair value 270. Goodwill impairment 280. Gains (losses) on disposal of investments 27,513 33,799 290. Income (loss) before tax from continuing operations 5,598,033 4,454,875 300. Income tax for the period on continuing operations (1,320,020) (1,169,369) 310. Income (loss) after tax on continuing operations 4,278,013 3,285,506 320. Income (loss) after tax on discontinued operations 330. Net income (loss) for the period 4,278,013 3,285,506 340. Net income (loss) for the period pertaining to non-controlling interests 1,295,787 1,243,093 350. Net income (loss) for the period pertaining to shareholders of the parent company 2,982,226 2,042,413

16

STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3 1st half of 2026 1st half of 2025 10. Net income (loss) for the period 4,278,013 3,285,506 Other comprehensive income (net of tax) not transferred to income

statement105,529 1,003,962

20. Equity securities designated at fair value through other comprehensive

income110,716 963,516

30. Financial liabilities designated at fair value through profit or loss (change in the entity's own credit risk) 40. Hedging of equity securities designated at fair value through other

comprehensive income

50. Property, plant and equipment 60. Intangible assets 70. Defined benefit (540) (1,312) 80. Non-current assets and disposal groups held for sale 90. Share of valuation reserves of equity investments accounted for using equity method(4,647) 41,758 100. Financial income or expenses relating to insurance contracts issued Other comprehensive income (net of tax) transferred to income

statement166,578 (1,224,271)

110. Hedging of foreign investments 120. Exchange rate differences 4,297 (12,551) 130. Cash flow hedges (32,965) 71,391 140. Hedging instruments (elements not designated) 150. Financial assets (other than equity securities) measured at fair value through other comprehensive income(39,360) 44,557 160. Non-current assets and disposal groups held for sale 170. Share of valuation reserves of equity investments accounted for using equity method234,606 (1,327,668) 180. Financial income or expenses relating to insurance contracts issued 190. Financial income or expenses relating to reinsurance contracts held 200. Total other comprehensive income (net of tax) 272,107 (220,309) 210. Comprehensive income (items 10+200) 4,550,120 3,065,197 220. Consolidated comprehensive income pertaining to non-controlling interests 1,298,583 1,280,864 230. Consolidated comprehensive income pertaining to shareholders of the parent company3,251,537 1,784,333(thousands of euro)

Items

17

CONSOLIDATED CASH FLOW STATEMENT (INDIRECT METHOD)

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3

* The cash and cash equivalents reported in the Cash flow statement comprise the balance of item 10 “Cash and cash equivalent s” (Euro/000 3,975,593 vs Euro/000 5,023,607 as of 31/12/2025), the balance on the current account held with the Central Treasury (Euro/000 134,977,572 vs Euro/000 120,201,499 as of 31/12/2025), and the balance of the cash and cash equivalents reported under item 120 "Non -current assets and disposal groups held for sale" (Euro/000 3,252 vs Euro/000 2,824 as of 31/12/2025), net of current (thousands of euro) 1st half of 2026 1st half of 2025

A. OPERATING ACTIVITIES

1. Operations 3,694,058 807,298

- net income for the period (+/-) 4,278,013 3,285,506

- gains (losses) on financial assets held for trading and other financial assets/liabilities measured at fair value through profit or loss (-/+)123,622 83,768

- gains (losses) on hedging activities (-/+) 2,822 (35,766)

- net impairment adjustments for credit risk (+/-) 15,640 6,938

- net value adjustments to property, plant and equipment and intangible assets (+/-) 1,833,067 1,652,395

- net provisions and other costs/revenues (+/-) 42,609 32,721

- net revenue and expenses of insurance contracts issued and reinsurance contracts held (-

/+)

- unpaid charges, taxes and tax credits (+/-) (109,418) (45,759)

- writedowns/writebacks of equity investments (+/-) (2,000,406) (1,093,292)

- income (loss) after tax on discontinued operations (+/-)

- other adjustments (+/-) (491,891) (3,079,213) 2. Cash generated by/used in financial assets 4,342,268 (9,197,189)

- financial assets held for trading (93,569) (250,009)

- financial assets designated at fair value

- other financial assets mandatorily measured at fair value (207,336) (123,437)

- financial assets measured at fair value through other comprehensive income (308,476) 1,443,800

- financial assets measured at amortised cost 3,469,466 (11,553,965)

- other assets 1,482,183 1,286,422 3. Cash generated by/used in financial liabilities 8,227,048 5,604,126

- financial liabilities measured at amortised cost 8,778,709 7,058,247

- financial liabilities held for trading (249,763) (46,630)

- financial liabilities designated at fair value 143 (1,696)

- other liabilities (302,041) (1,405,795) 4. Cash flows generated by/used in insurance contracts issued and reinsurance

contracts held

- insurance contracts issued that are liabilities/assets (+/-)

- reinsurance contracts held that are liabilities/assets (+/-) Cash generated by/used in operating activities 16,263,374 (2,785,765)

B. INVESTMENT ACTIVITIES

1. Cash generated by 1,616,834 1,662,597

- sale of equity investments 46,705 238,682

- dividends from equity investments 1,272,291 1,316,742

- sale of property plant and equipment 24,714 58,898

- sale of intangibles 273,124 14,007

- sales of subsidiaries and business units 34,268 2. Cash used in (3,618,420) (6,883,543)

- purchase of equity investments (239,182) (533,949)

- purchase of property, plant and equipment (2,400,250) (2,413,452)

- purchase of intangible assets (951,387) (852,933)

- purchases of subsidiaries and business units (27,601) (3,083,209) Cash generated by/used in investing activities (2,001,586) (5,220,946)

C. FINANCING ACTIVITIES

- issue/purchase of treasury shares 90,148 (590)

- issue/purchase of equity instruments 795,246

- dividend distribution and other allocations (1,400,830) (3,444,937)

- sale/purchase of third-party control Cash generated by/used in financing activities (515,436) (3,445,527)

CASH GENERATED/USED DURING THE PERIOD 13,746,352 (11,452,238)

RECONCILATION

Items (*) 1st half of 2026 1st half of 2025 Cash and cash equivalents at beginning of the period 125,201,849 143,977,494 Total cash generated/used during the period 13,746,352 (11,452,238) Cash and cash equivalents: foreign exchange effect 3,888 (3,340) Cash and cash equivalents at end of the period 138,952,089 132,521,916Key:

(+) generated

(-) used

18

accounts with a negative balance reported under item 10 “Financial liabilities measured at amortised cost” under liabilities (Euro/000 4,328 vs Euro/000 26,081 as of 31/12/2025).

19

CDP Group Statements of reconciliation of accounting and operating figures (*)

Consolidated balance sheet - Assets - Reconciliation

(*) The reclassified figures are not subject to auditing by the Independent Auditors

3,976 3,976

4,616

a) Financial assets held for

trading400 400

b) Financial assets designated at fair value166 166 c) Other financial assets mandatorily measured at fair value 4,049 9 4,040

13,549 13,549

a) Loans to banks 35,776 8,427 18,290 9,059 b) Loans to customers 318,320 137,386 99,935 80,999

1,770

(2,298) (2,298)

28,122 28,122

54,877 54,877

21,239 21,239

2,288 2,288

30 30

19,368 19,368

501,632 149,789 118,400 107,647 28,122 2,170 76,116 19,388 Total assets80.Insurance assets 90. Property, plant and equipment 100. Intangible assets 110. Tax assets 120. Non-current assets and disposal groups held for sale 130. Other assets20. Financial assets measured at fair value through profit or loss 30. Financial assets measured at fair value through other

comprehesinve income

40. Financial assets measured at

amortised cost

50. Hedging derivatives 60. Fair value change of financial assets in hedged portfolios (+/-) 70. Equity investments(millions of euro) ASSETS - Balance sheet items 10. Cash and cash equivalentsDebt securities,

equity

securities and

units in

collective

investment

undertakingsEquity

investments Trading and

hedging

derivativesProperty, plant

and equipment

and intangible

assetsOther assets

30/06/2026Cash and cash

equivalents

and other

treasury

investmentsLoans

20

Consolidated balance sheet - Liabilities and equity – Reconciliation

10. Financial liabilities measured at

amortised cost413,885

a) Due to banks 41,583 41,583 369 41,214 b) Due to customers 317,229 317,229 301,098 8,795 7,336 c) Securities issued 55,073 55,073 55,073 20.Financial liabilities held for trading 346 346 30.Financial liabilities designated at fair value8 8 8 40.Hedging derivatives 1,248 1,248 50.Fair value change of financial liabilities in hedged portfolios (+/-) 60.Tax liabilities 2,903 2,903 70.Liabilities associated with assets held for sale 80.Other liabilities 27,281 27,281 90.Staff severance pay 175 175 100. Provisions for risks and charges 2,829 2,829 110. Insurance liabilities 120. Valuation reserves 709 709 150. Reserves 21,748 21,748 160. Share premium reserve 2,447 2,447 170. Share capital 4,051 4,051 180. Treasury shares 190. Non-controlling interests 21,020 21,020 200. Net income (loss) for the period 2,982 2,982 501,632 413,893 301,467 50,009 7,344 55,073 1,594 27,281 5,907 52,957 Total liabilities and equityProvisions for

contingencies,

taxes and staff severance pay Total equity (millions of euro)

Postal

FundingFunding from

banksFunding from

customers Bond FundingLIABILITIES AND EQUITY - Balance sheet items 30/06/2026 FundingFunding detail

Liabilities

held

for trading

and hedging

derivativesOther

liabilities

21

Consolidated income statement – Reconciliation

10.Interest income and similiar income 5,463 5,463 5,463 5,463 5,463 20.Interest expense and similar expense (3,864) (3,864) (3,864) (3,864) (3,864) 40.Commission income 212 60 152 212 212 212 50.Commission expense (771) (720) (51) (771) (771) (771) 70.Dividends and similar revenues 77 77 77 77 77 80.Profits (losses) on trading activities (35) (35) (35) (35) (35) 90.Net gains (losses) on hedging activities (30) (30) (30) (30) (30) 100. Gains (losses) on disposal or repurchase 95 95 95 95 95 110. Net gains (losses) on other financial assets/liabilities at fair value through profit or loss(38) (38) (38) (38) (38) 130. Net impairment adjustment for credit risk (11) (11) (11) (11) 140. Gains/losses from changes in contracts without derecognition 160. Insurance service result 170. Balance of financial income/expenses relating to insurance

business

190. Administrative expenses (7,319) (7,319) (7,319) (7,319) 200. Net accruals to the provisions for risks and charges (48) (5) (5) (43) (48) 210. Net adjustments to/recoveries on property, plant and equipment (1,159) (1,159) (1,159) 220. Net adjustments to/recoveries on intangible assets (674) (674) (674) 230. Other operating income (costs) 11,629 11,629 11,629 11,629 250. Gains (losses) on equity investments 2,043 2,043 2,043 2,043 2,043 270. Goodwill impairment 280. Gains (losses) on disposal of investments 28 28 28 300. Income tax for the period on continuing operations (1,320) (1,320) (1,320) 320. Income (loss) after tax on discontinued operations 4,278 939 2,120 101 (8) 3,152 (16) (7,319) 11,629 7,446 (43) (1,833) 28 (1,320) 4,278 340. Net income (loss) for the period pertaining to non-controlling

interests1,296 1,296

2,982 2,982 350. Net income (loss) for the period pertaining to shareholders of the Parent CompanyNet adjustments to PPE and

intangible

assetsNet commission

income

(expense)Other net

revenues

(costs) Gross Income 1st half of 2026Net interest

incomeGains (losses)

on equity

investments

330. Net income (loss) for the periodNet income (loss) for the periodNet recoveries

(impairment)Administrative

expensesOther net

operating

income (costs) Operating incomeNet provisions for risks and

chargesGoodwill

impairment Other Income taxes(millions of euro) INCOME STATEMENT-Financial statement items

22

Reclassified income statement by business segment 06.202 6

(*) Total of the segment “Support for the economy” and “Companies subject to management and coordination” net of elimination of dividends.

(millions of euro)Support for the

economyInternational

expansionOther

segments Total(*) Total Net interest income1,431 11 (30) 1,412 (473) 939 Dividends1,036 817 71 6 77 Gains (losses) on equity investments1 1 2,042 2,043 Net commission income (expense)63 25 5 93 8 101 Other net revenues (costs)51 2 (25) 28 (36) (8) Gross income 2,581 38 768 1,605 1,547 3,152 Net recoveries (impairment)(15) (15) (1) (16) Administrative expenses(188) (24) (66) (278) (7,041) (7,319) Other net operating income (costs)12 28 40 11,589 11,629 Operating income 2,390 14 730 1,352 6,094 7,446 Net provisions for risks and charges 15 15 (58) (43) Net adjustment to property, plant and equipment and intangible assets(25) (1) 2 (24) (1,809) (1,833)

Goodwill impairment

Other28 28

Income (loss) for the period before tax 2,365 13 747 1,343 4,255 5,598

Income taxes(1,320)

Income (loss) for the period 4,278 Companies subject to management and coordination Companies not

subject to

management

and coordination

23

Reclassified income statement by business segment 06.202 5

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3 (*) Total of the segment “Support for the economy” and “Companies subject to management and coordination” net of elimination of dividends.

(millions of euro)Support for the

economyInternational

expansionOther

segments Total(*) Total Net interest income 1,380 10 (25) 1,365 (367) 998 Dividends 1,134 906 79 4 83 Gains (losses) on equity investments (9) (9) 1,133 1,124 Net commission income (expense) 79 28 5 112 10 122 Other net revenues (costs) 56 (10) 46 (131) (85) Gross income 2,649 38 867 1,593 649 2,242 Profit (loss) on insurance business Profit (loss) on banking and insurance operations2,649 38 867 1,593 649 2,242 Net recoveries (impairment) (4) (1) (5) (2) (7) Administrative expenses (173) (24) (51) (248) (6,408) (6,656) Other net operating income (costs) (6) 24 18 10,509 10,527 Operating income 2,466 13 840 1,358 4,748 6,106 Net Provisions for risks and charges 8 (1) (3) 4 (37) (33) Net adjustment to property, plant and equipment and intangible assets(22) (2) 12 (12) (1,641) (1,653)

Goodwill impairment

Other 29 29 6 35 Income (loss) for the period before tax 2,481 10 849 1,379 3,076 4,455 Income taxes (1,170) Income (loss) for the period 3,285Companies subject to management and coordination Companies not

subject to

management

and coordination

24

Main consolidated balance sheet figures reclassified by business segments 06.202 6

Main consolidated balance sheet figures reclassified by business segments 2025

The comparative figures have been restated to reflect the effects of the completion of the Purchase Price Allocation (PPAs) finalised within twelve months of the acquisition date , in accordance with IFRS 3

(millions of euro)Support for the

economyInternational

expansionOther

segments Total Total Loans and cash and cash equivalents 258,082 437 818 259,337 8,852 268,189 Equity investments 29 29 28,093 28,122 Debt and equity securities and units in collective investment undertakings104,047 5 2,346 106,398 1,249 107,647 Property, plant and equipment/technical investments327 1 1,868 2,196 52,681 54,877 Other assets (including Inventories) 267 26 137 430 18,941 19,371 Funding 361,916 107 1,936 363,959 49,934 413,893

- of w hich bonds 23,192 898 24,090 30,983 55,073 Companies subject to management and coordination Companies not

subject to

management

and coordination

(millions of euro)Support for the

economyInternational

expansionOther

segments Total Total Loans and cash and cash equivalents 252,666 466 822 253,954 6,622 260,576 Equity investments 28 28 27,152 27,180 Debt and equity securities and units in collective investment undertakings100,379 5 2,171 102,555 1,649 104,204 Property, plant and equipment/technical investments330 1 1,811 2,142 50,712 52,854 Other assets (including Inventories) 360 33 116 509 20,186 20,695 Funding 354,042 140 1,916 356,098 48,529 404,627

- of w hich bonds 23,955 877 24,832 30,236 55,068 Companies subject to management and coordination Companies not

subject to

management

and coordination