Milano, 21 September 2005

In the framework of the disposal of non-core assets envisaged in its Business Plan, Banca Intesa has reached an agreement with Banco Comercial Portugues (BCP) for the sale of its entire shareholding in the latter, equivalent to 7.427% of the share capital.

 

The transaction is going to take place through an Accelerated Global Tender (AGT), organised by Merrill Lynch, addressed to international markets to be started and possibly completed today. Following the success of this transaction there will be no residual share of BCP to be sold by Banca Intesa.

 

Under the same agreement, Banca Intesa will sell to BCP its stake in Banco de Investimento Imobiliario (BII), equivalent to 30.096% of the share capital, for a consideration comprising €92 million and a compensation for termination of the cooperation agreement still to be determined. The finalisation of the sale is subject to obtaining relevant regulatory approval.

 

Further details about this disposal will be promptly made public after completion of the AGT.

 

 

 

This press release does not represent an offer of securities for sale in the United States, and the securities may not be offered in the United States absent registration or an exemption from registration.

 

 

 

Merrill Lynch is acting for Banca Intesa S.p.A. and Intesa Holding International S.A. in connection with the accelerate global tender and no one else and will not be responsible to anyone other than Banca Intesa S.p.A. and Intesa Holding International S.A. for providing the protections offered to their clients nor for providing advice in relation to the above transaction. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Merrill Lynch or by any of its affiliates or agents as to or in relation to the accuracy or completeness of this release, or any other written or oral information made available to or publicly available to any interested party or its advisers and any liability therefor is hereby expressly disclaimed.

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