INTESA SANPAOLO CONCLUDES THE PURCHASE PROGRAMME OF OWN SHARES TO SERVE A FREE ASSIGNMENT PLAN FOR EMPLOYEES

Torino, Milano, 26th June 2007 – Today, Intesa Sanpaolo concluded its purchase programme of own shares which will be assigned, for free, to employees tomorrow, 27th June 2007. The programme had been resolved upon at the Shareholders’ meetings of 1st December 2006 and 3rd May 2007 and disclosed in the press release issued on 25th May 2007. The Italian subsidiaries reported in the aforementioned press release also concluded their purchase programme of the Parent Company’s shares to serve a free assignment plan for employees, which had been resolved upon at their respective Meetings and is similar in terms and content to the programme approved at the Parent Company’s Meeting. Pursuant to art. 144 bis of Consob Resolution 11971/99 (so-called “Regolamento Emittenti”, Issuer Regulations), details are provided below with respect to the purchases carried out; information is hereby given by Intesa Sanpaolo also on behalf of its above-mentioned subsidiaries.

In the last period of the programme, from 18th to 26th June 2007 inclusive, the Intesa Sanpaolo Group totally purchased - through Banca IMI, responsible for the programme’s execution - 3,397,452 Intesa Sanpaolo ordinary shares (equal to approximately 0.03% of the ordinary share capital), for a total countervalue of 19,107,936.28 euro; the Parent Company purchased 2,380,510 shares, for a countervalue of 13,388,819.06 euro. From 28th May 2007, the date on which the programme was started, to today, the closing date, the Intesa Sanpaolo Group totally purchased 10,293,907 Intesa Sanpaolo ordinary shares (equal to approximately 0.09% of the ordinary share capital), for a total countervalue of 57,719,618.04 euro; the Parent Company purchased 7,220,124 shares, for a countervalue of 40,485,219.07 euro.
 
Transactions for the purchase of shares were carried out in compliance with provisions set forth in articles 2357 and following ones and 2359 bis and following ones of the Italian Civil Code and within the limits of maximum number of shares and consideration as determined in the resolutions of the Shareholders’ meetings. Pursuant to art. 132 of Consolidated law on finance (”TUF”) and art. 144 bis of “Regolamento Emittenti”, purchases were carried out on regulated markets according to operating methods set forth in the regulations providing for the organisation and management of such markets. Moreover, purchases were carried out in daily volumes not higher than 25% of the average daily volume of the Intesa Sanpaolo ordinary shares traded in the month preceding the disclosure of the programme to the market (the daily average in April 2007 was 87.3 million shares), as set forth by Regulation EC 2273/2003.
 
Share purchases are detailed in the enclosure and summarised in the table below:

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