INTESA SANPAOLO: RATING AGENCIES

Torino, Milano, 2nd January 2007 – Intesa Sanpaolo communicates that today:

• Fitch has upgraded the Support rating of Intesa Sanpaolo to 1 from 2. The bank’s other ratings are affirmed at long-term debt AA-, short-term debt F1+ and Individual B. The outlook is stable.
  
  
• Standard & Poor’s has affirmed Intesa Sanpaolo’s long-term debt rating at AA- and short-term debt rating at A-1+. The outlook is stable.

This communication does not constitute an offer to purchase, sell or exchange or the solicitation  of an offer to purchase, sell or exchange any securities.  The shares of Intesa Sanpaolo S.p.A. may not be  offered or sold in the United States except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.

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