Issue of up to USD 250,000,000 Fixed Step Up Rate Notes due 18 September 2023

Issuer: Mediobanca

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

Issue Date: 18/09/2019

Maturity Date: 18/09/2023

Minimum Quantity: 20,000

Coupon: Gross fixed cuopons equal to 2,00 per cent per annum for the first year, equal to 2,00 per cent per annum for the second year, equal to 2,10 per cent per annum for the third year and equal to 2,10 per cent per annum for the fourth year payable on 18 September of each year starting from and including 18 September 2020 up to and including the maturity date.