Ministero dell'Economia e delle Finanze

       Auction Results: BTP 15 YEARS (9 YEAR RESIDUAL MATURITY)
                            Date: April 29, 2026


ISIN Code                                                      IT0005358806(*)
Tranche                                                                          16th
Coupon                                                                      3.35%
Issue date                                                 September 01, 2018
Maturity Date                                                    March 01, 2035
Auction Date                                                       April 29, 2026
Settlement Date                                                     May 04, 2026
Amount Max Offered                                                      1,500.000
Amount Min Offered                                                      1,000.000
Amount Bid                                                              2,589.000
Amount Allotted                                                         1,500.000
Allotment Price                                                              97.11
Bid To Cover Ratio                                                               1.73
Gross Yield                                                                 3.77%
Accrued Coupon Days                                                               64
Placement Fee                                                               0.20%
Price for Individual Investors                                         97.087270
Price for fiscal purpose                                                    99.609
Amount Offered to Specialists                                             300.000

                                   Issue Volume

Outstanding                                                            24,104.000
Allotted to Specialists in supplementary
                                                                       12,604.000
placements and/or syndacated

(*) The security has at least one tranche issued "ad hoc" for REPO operations.
Nominal Amounts are expressed in millions of Euros.
Gross Yields are calculated on 365 days basis.