Banca Sistema : Share buy-back plan to support the liquidity of the stock - 12.01.2017 - 18.01.2017

PRESS RELEASE

BANCA SISTEMA: SHARE BUY-BACK PLAN TO SUPPORT THE LIQUIDITY OF THE STOCK - WEEK 12.01.2017 - 18.01.2017

Milan, 19 January 2017

Following the authorized by Shareholders at the Bank's Shareholders meeting held on 27 November 2015 (previously communicated as per article 144 bis of Consob Regulation no. 11971/1999) to purchase and use own shares and the resolution of the Board of Directors on April 29 of this year, Banca Sistema, on 13 May 2016, has launched a share buy-back program aimed to support the liquidity of the stock by the broker appointed: Intermonte Sim S.p.A..

In line with the recent legislation (Delegated Regulation 2016/1052), here are purchases and sales made on the Stock Regulated Market, during the week from January 12 to January 18, 2017:

12.01.2017

Date	Price	Amount	P/S	Time of execution
12/01/2017	2.2960	38	P	09:00:30
12/01/2017	2.2960	1	P	09:00:30
12/01/2017	2.2960	45	P	09:00:30
12/01/2017	2.2920	438	P	10:01:01
12/01/2017	2.2920	62	P	10:01:01
12/01/2017	2.2920	6	P	10:02:32
12/01/2017	2.2920	750	P	10:02:32
12/01/2017	2.2920	259	P	10:02:32
12/01/2017	2.2860	119	P	10:02:32
12/01/2017	2.2860	267	P	10:11:43
12/01/2017	2.2960	1,080	P	10:46:25
12/01/2017	2.2960	129	P	10:46:25
12/01/2017	2.2960	291	P	10:46:25
12/01/2017	2.3080	1,417	P	14:00:36
12/01/2017	2.3080	79	P	14:00:36
12/01/2017	2.3080	467	P	14:00:36
12/01/2017	2.3080	159	P	14:00:36
12/01/2017	2.3080	96	P	14:00:36
12/01/2017	2.3080	32	P	14:00:36
12/01/2017	2.3100	971	P	14:43:14
12/01/2017	2.3120	1,000	P	15:25:23
12/01/2017	2.3120	7	P	15:39:46
12/01/2017	2.3120	383	P	16:08:12
12/01/2017	2.3160	500	P	17:12:37
Average price	2.3033	8,596	# transactions	24

1

Date	Price	Amount	P/S	Time of execution
12/01/2017	2.2960	-1,000	S	10:11:43
12/01/2017	2.2980	-810	S	10:25:31
12/01/2017	2.2980	-190	S	10:46:25
12/01/2017	2.3040	-1,000	S	12:38:57
12/01/2017	2.3120	-500	S	12:44:12
12/01/2017	2.3160	-1,000	S	12:44:29
12/01/2017	2.3160	-600	S	12:59:22
12/01/2017	2.3140	-359	S	14:36:14
12/01/2017	2.3140	-141	S	14:43:14
12/01/2017	2.3160	-400	S	14:43:14
12/01/2017	2.3160	-1,000	S	15:20:10
12/01/2017	2.3200	-644	S	15:20:10
12/01/2017	2.3200	-356	S	15:38:13
12/01/2017	2.3200	-1,500	S	15:38:13
12/01/2017	2.3140	-564	S	15:41:31
12/01/2017	2.3220	-397	S	15:41:31
12/01/2017	2.3180	-1,000	S	16:15:05
12/01/2017	2.3220	-1	S	16:41:57
12/01/2017	2.3220	-602	S	17:01:18
12/01/2017	2.3280	-355	S	17:07:02
12/01/2017	2.3280	-66	S	17:29:47
12/01/2017	2.3280	-111	S	17:35:57
Average price	2.3136	-12,596	# transactions	22
13.01.2017
Date	Price	Amount	P/S	Time of execution
13/01/2017	2.3060	45	P	09:00:32
13/01/2017	2.3240	404	P	09:50:08
13/01/2017	2.3820	2,000	P	13:18:52
13/01/2017	2.3820	500	P	13:24:38
13/01/2017	2.3840	646	P	14:04:36
13/01/2017	2.3820	155	P	14:07:43
13/01/2017	2.3740	800	P	14:10:43
13/01/2017	2.3700	464	P	15:01:51
13/01/2017	2.3700	436	P	15:01:51
13/01/2017	2.3620	2,500	P	15:16:09
13/01/2017	2.3700	879	P	16:14:42
13/01/2017	2.3700	321	P	16:17:08

2

13/01/2017	2.3640	644	P	16:48:17
13/01/2017	2.3640	612	P	16:59:42
13/01/2017	2.3620	582	P	17:16:31
13/01/2017	2.3620	733	P	17:17:08
13/01/2017	2.3620	185	P	17:18:39
Average price	2.3686	11,906	# transactions	17
Date	Price	Amount	P/S	Time of execution
13/01/2017	2.3240	-1,250	S	09:49:37
13/01/2017	2.3960	-2,500	S	12:15:50
13/01/2017	2.3700	-1,500	S	15:23:13
13/01/2017	2.3700	-1,500	S	15:25:34
13/01/2017	2.3700	-300	S	15:28:01
13/01/2017	2.3700	-900	S	15:28:16
13/01/2017	2.3760	-1,200	S	15:54:15
13/01/2017	2.3680	-1,000	S	17:13:13
13/01/2017	2.3640	-1	S	17:28:56
13/01/2017	2.3600	-1,755	S	17:35:02
Average price	2.3696	-11,906	# transactions	10
16.01.2017
Date	Price	Amount	P/S	Time of execution
16/01/2017	2.3620	1,660	P	09:02:07
16/01/2017	2.3620	1,250	P	09:54:39
16/01/2017	2.3620	50	P	09:57:04
16/01/2017	2.3620	950	P	10:23:35
16/01/2017	2.3620	669	P	10:40:50
16/01/2017	2.3620	331	P	11:07:44
16/01/2017	2.3620	1,250	P	12:21:02
16/01/2017	2.3920	14	P	17:35:27
16/01/2017	2.3920	37	P	17:35:27
16/01/2017	2.3920	457	P	17:35:27
16/01/2017	2.3920	742	P	17:35:27
Average price	2.3671	7,410	# transactions	11
Date	Price	Amount	P/S	Time of execution
16/01/2017	2.3680	-1,057	S	11:09:36
16/01/2017	2.3600	-1,280	S	11:29:30
16/01/2017	2.3600	-2,100	S	11:29:30

3

16/01/2017	2.3600	-473	S	11:29:30
16/01/2017	2.3660	-1,250	S	14:35:24
16/01/2017	2.3780	-1,250	S	15:29:19
Average price	2.3652	-7,410	# transactions	6
17.01.2017
Date	Price	Amount	P/S	Time of execution
17/01/2017	2.3820	3	P	09:52:06
17/01/2017	2.3820	472	P	09:52:06
17/01/2017	2.3820	525	P	10:14:24
17/01/2017	2.3860	175	P	10:34:24
17/01/2017	2.3860	415	P	10:34:24
17/01/2017	2.3860	560	P	10:34:24
17/01/2017	2.3920	360	P	11:46:13
17/01/2017	2.3920	90	P	11:46:37
17/01/2017	2.4100	2,189	P	15:31:20
17/01/2017	2.4020	1,250	P	15:36:40
17/01/2017	2.4080	50	P	15:53:56
17/01/2017	2.4080	60	P	15:58:53
17/01/2017	2.4080	586	P	15:59:26
17/01/2017	2.4080	304	P	16:34:25
17/01/2017	2.4080	1,000	P	16:57:41
17/01/2017	2.3960	156	P	17:35:19
17/01/2017	2.3960	195	P	17:35:19
Average price	2.4002	8,390	# transactions	17
Date	Price	Amount	P/S	Time of execution
17/01/2017	2.4180	-400	S	09:00:34
17/01/2017	2.4180	-11	S	09:00:34
17/01/2017	2.3860	-589	S	10:25:20
17/01/2017	2.3900	-1,100	S	10:53:39
17/01/2017	2.3980	-500	S	11:14:56
17/01/2017	2.4040	-550	S	14:46:54
17/01/2017	2.4140	-1,639	S	14:46:54
17/01/2017	2.4140	-1,250	S	16:53:01
17/01/2017	2.4280	-376	S	16:53:01
Average price	2.4063	-6,415	# transactions	9

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