BLH

O:BROADCAST REQUESTER:134: BLOPIT22
BANCA LOMBARDA E PIEMONTESE SPA
BRESCIA - ITALY

O:BROADCAST TEXT     :312: SECTION 1 OF 10
HEAD OF INTERNATIONAL DIVISION
HEAD OF TREASURY
HEAD OF NETWORK MANAGEMENT
HEAD OF OPERATIONS
RE.: MERGER BY INCORPORATION OF BANCA LOMBARDA E
PIEMONTESE SPA WITH AND INTO BPU BANCHE POPOLARI UNITE SCPA.

WE INFORM YOU HEREWITH THAT ON MARCH 3, 2007 THE PLAN FOR THE  MERGER BY INCORPORATION OF BANCA LOMBARDA E PIEMONTESE SPA WITH  AND INTO BPU BANCHE POPOLARI UNITE SCPA HAS BEEN APPROVED  BY THE EXTRAORDINARY SHAREHOLDERS' MEETING OF THE TWO BANKS.
THE CONSOLIDATED COMPANY WILL BE INCORPORATED UNDER THE NAME
UNIONE DI BANCHE ITALIANE SCPA (SHORT NAME UBI BANCA).
UNIONE DI BANCHE ITALIANE SCPA SHALL SUCCEED TO ALL
RIGHTS AND OBLIGATIONS OF THE FORMER COMPANIES AND WILL HAVE ITS REGISTERED HEAD OFFICE IN BERGAMO AND MAIN OFFICES  IN BERGAMO AND BRESCIA. THE MERGER BECOMES EFFECTIVE VIS-A-VIS THIRD PARTIES NO EARLIER THAN APRIL 1,2007.
END OF SECTION 1 OF 10

O:BROADCAST TEXT     :312: SECTION 2 OF 10
GIVEN THE ABOVE AND IN ORDER TO GUARANTEE THAT THE CONSOLIDATED COMPANY WILL FULLY OPERATE AS OF APRIL 1,2007 IN COMPLIANCE WITH ANY OBLIGATION OF LAW AND REGULATION, DURING THE INITIAL AND TRANSITORY PHASE OF THE INTEGRATION, THE CURRENT ACTIVITIES OF THE CONSOLIDATED COMPANY WILL BE CONDUCTED ACCORDING TO A DUAL OPERATIONAL MODEL BY THE TWO BANKS RESPECTIVE BUSINESS UNITS.
FOR A BETTER UNDERSTANDING, WE PROVIDE YOU WITH SOME BASIC-MERGER INFORMATION VALID AS OF APRIL 1,2007. UNLESS OTHERWISE SPECIFIED, THE FOLLOWING INFORMATION IS
EFFECTIVE FOR BOTH MERGED BANKS AS A WHOLE, INCLUDING HEAD OFFICE, DOMESTIC NETWORK AND FOREIGN BRANCHES WORLDWIDE:
END OF SECTION 2 OF 10

O:BROADCAST TEXT     :312: SECTION 3 OF 10
1. SWIFT ADDRESSES:
     NO CHANGE IN BOTH BANK ADDRESSES WILL TAKE PLACE UNTIL
     FURTHER NOTICE. THE SWIFT BIC CODE BLOPIT22 WILL BE RENAMED
     AS:UNIONE DI BANCHE ITALIANE SCPA (FORMERLY BANCA LOMBARDA E
     PIEMONTESE SPA).
2. TELEGRAPHIC TEST-KEYS:
      NO CHANGE IN ANY TEST KEY OF THE TWO MERGED BANKS WILL TAKE
     PLACE UNTIL FURTHER NOTICE.
3. AUTHORIZED SIGNATURES:
     THEY WILL REMAIN VALID AS THEY ARE UNTIL FURTHER NOTICE.
4. PAYMENT SYSTEMS:
     EBA: BOTH MERGED BANKS WILL CONTINUE TO BE FULLY OPERATIVE
     IN THE EBA SYSTEMS TO CONDUCT THE USUAL BUSINESS ACTIVITIES
ALL EBA BANKS HAVE TO REFER TO THE EURO1/STEP1/STEP2 PARTICIPANT INFORMATION NOTE TO BE DELIVERED BY EBA FOR THE RELEVANT DETAILS.
END OF SECTION 3 OF 10

O:BROADCAST TEXT     :312: SECTION 4 OF 10
     TARGET: PLEASE CONTINUE OPERATING WITH BOTH MERGED BANKS AS USUAL UNTIL FURTHER NOTICE.
5. DEALING ACTIVITIES:
DURING A TRANSITION PERIOD BOTH ENTITIES WILL CONTINUE TO UNDERTAKE THEIR DEALING ACTIVITIES FROM THEIR SEPARATE TRADING FLOORS USING THEIR OWN ABI, SWIFT AND DEALING
CODES IN THE RELEVANT MARKETS WITH THE CURRENT SSI FOR FINANCIAL TRANSACTIONS.
IF ANY AMENDMENT SHOULD BE NECESSARY YOU WILL BE NOTIFIED ACCORDINGLY.
BY THE END OF THE TRANSITION PERIOD, A NEW BROADCAST WILL BE ISSUED DESCRIBING THE FINAL TRADING ARRANGEMENTS AND GUIDELINES.
END OF SECTION 4 OF 10

O:BROADCAST TEXT     :312: SECTION 5 OF 10
OUTSTANDING FOREX, MONEY MARKET, DERIVATIVES AND BULLION TRANSACTIONS:
ALL OUTSTANDING FINANCIAL TRANSACTIONS ORIGINATED UNTIL MARCH 31, 2007 WITH THE FORMER BANCA LOMBARDA E PIEMONTESE SPA REGARDLESS OF THEIR SETTLEMENT DATE, WILL REMAIN IN FORCE AND, AT MATURITY, WILL BE SETTLED ACCORDING TO THE ORIGINAL
INSTRUCTIONS.
ISDA CONTRACTS:
EACH COUNTERPARTY WILL BE CONTACTED FOR THE AMENDMENTS TO ISDA MASTER CONTRACTS NECESSARY TO REFLECT THE MERGER.
6. COMMERCIAL TRANSACTIONS:
ALL OUTSTANDING TRANSACTIONS ORIGINATED WITH THE MERGED BANKS WILL REMAIN IN FORCE AND AT MATURITY WILL BE SETTLED UNDER THE NEW COMPANY-NAME ACCORDING TO ORIGINAL INSTRUCTIONS.
END OF SECTION 5 OF 10

O:BROADCAST TEXT     :312: SECTION 6 OF 10
THEREFORE, UNTIL FURTHER NOTICE, PLEASE CONTINUE TO TREAT THE TWO MERGED BANKS SEPARATELY FROM THE OPERATIONAL POINT OF VIEW.
FOR THE TIME BEING THERE WILL BE NO CHANGES TO THE CURRENT COMMERCIAL INSTRUCTIONS.
   7. CREDIT FACILITIES:
THE TWO FORMER BANKS WILL CONTINUE TO CONDUCT THE USUAL FINANCIAL, COMMERCIAL AND OPERATIONAL ACTIVITIES UNDER THE NEW COMPANY-NAME DIRECTLY AND SEPARATELY.
AS A CONSEQUENCE WE REQUEST OUR CORRESPONDENTS WORLDWIDE TO KEEP IN PLACE THE EXISTING CREDIT LINES.
8. CASH ACCOUNTS:
VOSTRO ACCOUNTS: NO CHANGE WILL OCCUR UNTIL FURTHER NOTICE
NOSTRO ACCOUNTS: ALL NOSTRO ACCOUNTS SHOULD HAVE THEIR NAME CHANGED INTO:
      UNIONE DI BANCHE ITALIANE SCPA FOLLOWED BY 'FORMERLY
      BANCA LOMBARDA E PIEMONTESE SPA'.
END OF SECTION 6 OF 10

O:BROADCAST TEXT     :312: SECTION 7 OF 10
       PLEASE MAINTAIN THE ACCOUNTS UNDER THE SAME NUMBER. INSTRUCTIONS REGARDING THE OPERATIONAL STEPS TO BE TAKEN WILL BE DELIVERED IN DUE COURSE.
IN CASE OF DUAL NOSTRO RELATIONSHIP IN THE NAME OF THE TWO MERGED BANKS, ACCOUNTS HAVE TO BE MANAGED SEPARATELY.
9. CHECKS AND DRAFTS:
NO CHANGE WILL TAKE PLACE.
10.CASH LETTER/SWIFT TO CHEQUE SERVICE PROVIDERS:
NO CHANGES ARE REQUIRED FOR THE TIME BEING. OUR PROVIDERS WILL BE CONTACTED IN DUE COURSE.
11.CASH MANAGEMENT SERVICES:
NO CHANGES WILL OCCUR FOR THE TIME BEING. THIS INCLUDES CURRENT OPERATIONAL MODEL, PRODUCT AND SERVICE LEVEL AGREEMENTS IN PLACE WITH THIRD BANKS (I.E. REQUEST FOR      TRANSFER MT101).
END OF SECTION 7 OF 10

O:BROADCAST TEXT     :312: SECTION 8 OF 10
12.AML ISSUES AND USA PATRIOT ACT:
NO CHANGES FOR THE TIME BEING. ALL INFORMATION RELEVANT TO ANY FUTURE CHANGES ON THE MATTER WILL BE DELIVERED IN DUE TIME.
13.DEPOSITORY BANKS AND SECURITIES ACCOUNTS:
DEPOSITORY BANKS ARE REQUESTED TO RENAME THE SECURITIES ACCOUNTS OPENED IN THE NAME OF BANCA LOMBARDA MAIN AND CLIENTS INTO UNIONE DI BANCHE ITALIANE SCPA, MAIN AND CLIENTS, (FORMERLY BANCA LOMBARDA E PIEMONTESE SPA) WITHOUT CHANGING THEIR NUMBERS.
DEPOSITORY BANKS ARE ALSO REQUESTED TO MAINTAIN ANY SUB-ACCOUNT AND REPLACE THE HEADING PREFIX OUT OF BANCA LOMBARDA E PIEMONTESE SPA INTO UNIONE DI BANCHE ITALIANE SCPA (FORMERLY BANCA LOMBARDA E PIEMONTESE SPA).
THERE WILL NOT BE ANY CHANGES IN SECURITIES SSI UNTIL FUTHER NOTICE.
CUSTOMERS HOLDING SECURITIES SAFEKEEPING ACCOUNTS AT BANCA LOMBARDA E PIEMONTESE SPA WILL BE CONTACTED IN DUE TIME.
END OF SECTION 8 OF 10

O:BROADCAST TEXT     :312: SECTION 9 OF 10
14.ITALIAN NETWORK OF THE FORMER BANCA LOMBARDA E PIEMONTESE        GROUP:
NO CHANGES WILL OCCUR TO THE CURRENT NETWORK OF ITALIAN FULLY OWNED SUBSIDIARIES OF BANCA LOMBARDA E PIEMONTESE GROUP THAT WILL KEEP THEIR EXISTING SWIFT ADDRESSES.     AS A CONSEQUENCE AND UNTIL FURTHER NOTICE YOU WILL RECEIVE PAYMENT INSTRUCTIONS BY ORDER OF CUSTOMERS OF BANCO DI BRESCI A SAN PAOLO CAB SPA (BCABIT21), BANCA REGIONALE EUROPEA SPA (BREUITM1), BANCA DI VALLE CAMONICA SPA (BVCAIT21), BANCO DI SAN GIORGIO SPA (BPGGITG1) AND BANCA LOMBARDA PRIVATE INVVESTMENT SPA (BLPIIT21) THROUGH BLOPIT22 AS SENDING BANK AND RESPECTIVELY, BCABIT21, BREUITM1, BVCAIT21, BPGGITG1, AS ORDERING BANK.
CONVERSELY, YOU ARE KINDLY REQUESTED TO PAY TO BLOPIT22 NOSTRO AGENTS ON ACCOUNT OF BLOPIT22 FOR FURTHER CREDIT TO, RESPECTIVELY, BCABIT21, BREUITM1, BVCAIT21, BPGGITG1,BLPIIT21 INSERTING THESE SWIFT BICS IN THE FIELD OF THE BENEFICIARY
END OF SECTION 9 OF 10

O:BROADCAST TEXT     :312: SECTION 10 OF 10
BANK (FINANCIAL PAYMENTS) OR OF THE BENEFICIARY'S BANK COMMERCIAL PAYMENTS).
15.FOREIGN SUBSIDIARIES OF BOTH BANKS WILL CONTINUE THEIR OPERATIONS WITHOUT ANY CHANGE. ANY QUERY ABOUT THE PRESENT MSG MAY BE ADDRESSED TO: BANCA LOMBARDA E PIEMONTESE SPA CORRESPONDENT BANKING
      VIA SWIFT TO BLOPIT22
      OR
      VIA E-MAIL TO: INTERNATIONAL.RELATIONS(AT)BANCALOMBARDA.IT
      OR
      VIA FAX +39 030 2473625
      .
      FURTHER CONTACTS AVAILABLE IN:WWW.BANCALOMBARDA.IT
END OF SECTION 10 OF 10

BPU

O:BROADCAST REQUESTER:134: BPOUIT22
BANCHE POPOLARI UNITE SCPA
BERGAMO


O:BROADCAST TEXT     :312: ATTN.: HEAD OF INTERNATIONAL DIVISION / HEAD OF TREA
HEAD OF NETWORK MANAGEMENT / HEAD OF OPERATIONS
RE.: MERGER BY INCORPORATION OF BANCA LOMBARDA E PIEMONTESE SPA
WITH AND INTO BANCHE POPOLARI UNITE SCPA.

WE INFORM YOU HEREWITH THAT ON MARCH 3, 2007 THE PLAN FOR THE MERGER BY INCORPORATION OF BANCA LOMBARDA E PIEMONTESE WITH AND INTO BANCHE POPOLARI UNITE SCPA HAS BEEN APPROVED BY THE EXTRAORDINARY SHAREHOLDERS' MEETING OF THE TWO BANKS. THE CONSOLIDATED COMPANY WILL BE INCORPORATED UNDER THE NAME OF
UNIONE DI BANCHE ITALIANE SCPA (SHORT NAME: UBI BANCA).
UNIONE DI BANCHE ITALIANE SCPA SHALL SUCCEED TO ALL RIGHTS AND OBLIGATIONS OF FORMER COMPANIES AND WILL HAVE ITS REGISTERED HEAD OFFICE IN BERGAMO AND MAIN OFFICES IN BERGAMO AND BRESCIA.
THE MERGER BECOMES EFFECTIVE VIS-A-VIS THIRD PARTIES NO EARLIER THAN APRIL 1, 2007. GIVEN THE ABOVE AND IN ORDER TO GUARANTEE THAT THE CONSOLIDATED COMPANY WILL FULLY OPERATE AS OF APRIL 1, 2007 IN COMPLIANCE WITH ANY OBLIGATION OF LAW AND REGULATION, DURING THE INITIAL AND TRANSITORY PHASE OF THE INTEGRATION, THE
CURRENT ACTIVITIES OF THE CONSOLIDATED COMPANY WILL BE CONDUCTED ACCORDING TO A DUAL OPERATIONAL MODEL BY THE TWO BANKS' RESPECTIVE BUSINESS UNITS.
FOR A BETTER UNDERSTANDING, WE PROVIDE YOU WITH SOME BASIC MERGER INFORMATION VALID AS OF APRIL 1, 2007.
UNLESS OTHERWISE SPECIFIED, THE FOLLOWING INFORMATION IS EFFECTIVE FOR BOTH MERGED BANKS AS A WHOLE, INCLUDING HEAD OFFICE, DOMESTIC NETWORK AND FOREIGN BRANCHES WORLDWIDE:
.
1) SWIFT ADDRESS:
NO CHANGE IN BOTH BANKS ADDRESSES WILL TAKE PLACE UNTIL FURTHER NOTICE. THE SWIFT BIC CODE BPOUIT22 WILL BE RENAMED AS UNIONE DI BANCHE ITALIANE (FORMERLY BANCHE POPOLARI UNITE).
END SECTION 1 OF 4

O:BROADCAST TEXT     :312: SECTION 2 OF 4
2) TELEGRAPHIC TEST KEYS:
NO CHANGE IN ANY TEST KEY OF THE TWO MERGED BANKS WILL TAKE PLACE UNTIL FURTHER NOTICE.
3) AUTHORIZED SIGNATURES:
THEY REMAIN VALID AS THEY ARE UNTIL FURTHER NOTICE.
4) PAYMENT SYSTEMS:
EBA: BOTH MERGED BANKS WILL CONTINUE TO BE FULLY OPERATIVE IN THE EBA SYSTEMS TO CONDUCT THE USUAL BUSINESS ACTIVITIES UNDER THE NEW COMPANY NAME DIRECTLY AND SEPARATELY, UNTIL FURTHER NOTICE.
ALL EBA BANKS HAVE TO REFER TO THE EURO1/STEP1-STEP2 PARTICIPANT INFORMATION NOTE TO BE DELIVERED BY EBA FOR THE RELEVANT DETAILS.
TARGET: PLEASE CONTINUE OPERATING WITH BOTH MERGED BANKS AS USUAL UNTIL FURTHER NOTICE.
5) DEALING ACTIVITIES:
DURING A TRANSITION PERIOD BOTH ENTITIES WILL CONTINUE TO UNDERTAKE THEIR DEALING ACTIVITIES FROM THEIR SEPARATE TRADING FLOORS USING THEIR OWN ABI, SWIFT AND DEALING CODES IN THE RELEVANT MARKETS WITH THE CURRENT SSI FOR FINANCIAL TRANSACTIONS.
IF ANY AMENDMENT SHOULD BE NECESSARY YOU WILL BE NOTIFIED ACCORDINGLY.
BY THE END OF THE TRANSITION PERIOD, A NEW BROADCAST WILL BE ISSUED DESCRIBING THE FINAL TRADING ARRANGEMENTS AND GUIDELINES.
OUTSTANDING FOREX, MONEY MARKET, DERIVATIVES AND BULLION TRANSACTIONS: ALL OUTSTANDING FINANCIAL TRANSACTIONS ORIGINATED UNTIL MARCH 31, 2007 WITH THE FORMER BANCHE POPOLARI UNITE SCPA REGARDLESS OF THEIR SETTLEMENT DATE, WILL REMAIN IN FORCE AND, AT MATURITY, WILL BE SETTLED ACCORDING TO THE ORIGINAL
ISTRUCTIONS UNDER THE NEW COMPANY NAME.
ISDA CONTRACTS: EACH COUNTERPARTY WILL BE CONTACTED FOR THE AMENDMENTS TO ISDA MASTER CONTRACTS TO REFLECT THE MERGER.
END SECTION 2 OF 4

O:BROADCAST TEXT     :312: SECTION 3 OF 4
6) COMMERCIAL TRANSACTIONS AND RELATED SSI:
ALL OUTSTANDING TRANSACTIONS ORIGINATED WITH THE MERGED BANKS WILL REMAIN IN FORCE AND AT MATURITY WILL BE SETTLED UNDER THE NEW COMPANY'S NAME ACCORDING TO ORIGINAL INSTRUCTIONS.
THEREFORE, UNTIL FURTHER NOTICE, PLEASE CONTINUE TO TREAT THE TWO MERGED BANKS SEPARATELY FROM AN OPERATIONAL POINT OF VIEW.
FOR THE TIME BEING THERE WILL BE NO CHANGE TO THE CURRENT COMMERCIAL SSI.
7) CREDIT FACILITIES:
THE TWO FORMER BANKS WILL CONTINUE TO CONDUCT THEIR USUAL  FINANCIAL, COMMERCIAL AND OPERATIONAL ACTIVITIES UNDER THE NEW COMPANY'S NAME DIRECTLY AND SEPARATELY.
AS A CONSEQUENCE WE REQUEST OUR CORRESPONDENTS WORLDWIDE TO KEEP IN PLACE THE EXISTING CREDIT LINES.
8) CASH ACCOUNTS:
VOSTRO ACCOUNTS: NO CHANGE WILL OCCUR UNTIL FURTHER NOTICE.
NOSTRO ACCOUNTS: ALL NOSTRO ACCOUNTS SHOULD HAVE THEIR NAMES CHANGED INTO UNIONE DI BANCHE ITALIANE SCPA FOLLOWED BY

'FORMERLY BANCHE POPOLARI UNITE SCPA'.
PLEASE MAINTAIN SAME ACCOUNTS NUMBERS. INSTRUCTIONS REGARDING THE OPERATIONAL STEPS TO BE TAKEN WILL BE DELIVERED IN DUE COURSE.
IN CASE OF DUAL NOSTRO RELATIONSHIP IN THE NAME OF THE TWO MERGED BANKS, ACCOUNTS HAVE TO BE MANAGED SEPARATELY.
9) CHECKS AND DRAFTS:
NO CHANGE WILL TAKE PLACE.
10) CASH LETTER/ SWIFT TO CHEQUE SERVICE PROVIDERS:
NO CHANGES ARE REQUIRED FOR THE TIME BEING. OUR PROVIDERS WILL BE CONTACTED IN DUE COURSE.
END SECTION 3 OF 4

O:BROADCAST TEXT     :312: SECTION 4 OF 4
11) CASH MANAGEMENT SERVICES:
NO CHANGE WILL OCCUR FOR THE TIME BEING. THIS INCLUDES CURRENT OPERATIONAL MODEL, PRODUCT AND SERVICE LEVEL AGREEMENTS IN PLACE WITH THIRD BANKS (I.E. REQUEST FOR TRANSFER MT101).
12) AML ISSUES AND USA PATRIOT ACT:
NO CHANGE FOR THE TIME BEING. ALL INFORMATION RELEVANT TO ANY FUTURE CHANGE ON THE MATTER WILL BE DELIVERED IN DUE COURSE.
13) DEPOSITORY BANKS AND SECURITIES ACCOUNTS:
DEPOSITORY BANKS ARE REQUESTED TO RENAME ALL THE SECURITY SAFEKEEPING ACCOUNTS AS UNIONE DI BANCHE ITALIANE SCPA (FORMERLY BANCHE POPOLARI UNITE SCPA) WITHOUT CHANGING THEIR NUMBERS. DEPOSITORY BANKS ARE ALSO REQUESTED TO MAINTAIN ANY SUBACCOUNT CURRENTLY IN PLACE.
CUSTOMERS HOLDING SECURITIES SAFEKEEPING ACCOUNTS AT BANCHE POPOLARI UNITE SCPA WILL BE CONTACTED IN DUE COURSE.
14) ITALIAN NETWORK OF THE FORMER BANCHE POPOLARI UNITE SCPA GROUP:
NO CHANGE WILL OCCUR TO THE CURRENT NETWORK OF ITALIAN SUBSIDIARIES OF BANCHE POPOLARI UNITE SCPA GROUP THAT WILL KEEP THEIR EXISTING SWIFT ADDRESSES AND SSI.
15) FOREIGN SUBSIDIARIES OF BOTH BANKS WILL CONTINUE THEIR OPERATIONS WITHOUT ANY CHANGE.
ANY QUERY ABOUT THE PRESENT MSG MAY BE ADDRESSED TO:
BANCHE POPOLARI UNITE SCPA INSTITUTIONAL BANKING
VIA SWIFT TO BPOUIT22
OR VIA E-MAIL TO: INSTITUTIONAL.BANKING(AT)BPUBANCA.IT
OR VIA FAX +39 02 6275 5640
FURTHER CONTACTS AVAILABLE IN: WWW.BPUBANCA.IT

END SECTION 4 OF 4