Standard & Poor’s confirms ratings and revises outlook following a similar rating action on the Sovereign

Mediobanca hereby gives notice that yesterday, having changed its outlook on the rating assigned to the Republic of Italy from stable to negative as disclosed on 20 May 2011, ratings agency Standard and Poor’s confirmed its ratings assigned to Mediobanca (A+ for the long term and A-1 for the short term), but revised the outlook from stable to negative.

Milan, 25 May 2011