Intesa Sanpaolo launches offer for Monte dei Paschi with 1,600 shares plus EUR 1 cash per share

• Intesa Sanpaolo launched a voluntary tender and exchange offer for all shares of Monte dei Paschi di Siena, offering 1,600 new ISP shares per MPS share.
• Offer consideration also includes EUR 1 cash per MPS share; implied value at June 5, 2026 close equaled 1.776 ISP shares.
• Exchange ratio embeds a 12.5% premium to MPS’s June 5, 2026 volume-weighted price of EUR 8.97.
• EY reviewed the valuation methods used to set the exchange ratio, finding them reasonable and not arbitrary under a limited assurance engagement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intesa Sanpaolo S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 158854.pdf), on July 24, 2026, and is solely responsible for the information contained therein.