MEDIOBANCA Issue of up to Euro 15,000,000 "MB32 Gold" due 22 January 2021

Issuer: Mediobanca

Issuer Rating: FITCH RATINGS BBB
STANDARD & POOR'S BBB
MOODY'S Baa1

Issue Date: 22/01/2014

Maturity Date: 22/01/2021

Minimum Quantity: 1,000

Coupon: Gross fixed cuopons equal to 3,00 per cent per annum for year 1 and 4.00 per cent for year 2, payable on 22 January 2015 and 22 January 2016; then variable coupon linked to the performance of S&P GSCI Gold Excess Return index, payable on 22 January of each year starting from and including 22 January 2017 up to and including 22 January 2021, which could be equal to gross 4.55 per cent per annum or zero.