CONVENING OF THE EXTRAORDINARY AND ORDINARY SHAREHOLDERS' MEETING

AGENDA

In extraordinary session

1. Amendments to the Bylaws concerning Articles 1 (Name), 4 (Purpose), 6 (Shares), 7 (Bonds – Capital increases – Contributions), 9 (Shareholders' Meetings), 10 (Calling Shareholders' Meetings), 11 (Attendance at Shareholders' Meetings), 12 (Chairship of Shareholders' Meetings), 14 (Voting Procedure at Shareholders' Meetings and appointment of company officers), 16 (Board of Directors), 17 (Chair and Deputy Chair), 19 (Powers of the Board of Directors), 20 (Executive Committee), 21 (Managing Director), 24 (Directors' Remuneration), 26 (General Manager), 27 (Financial Reporting Officer), 28 (Duties, functions, powers and organisation of the Audit and Internal Control Committee), 29 (Independent audit of the accounts), 31 (Profits, reserves). Resolutions pertaining thereto and arising therefrom.

In ordinary session

1. Appointment of Corporate Bodies. Resolutions pertaining thereto and arising therefrom.
2. Consensual termination of the statutory audit engagement granted to KPMG S.p.A. until the financial year 2026 inclusive, and to Deloitte & Touche S.p.A. for the financial years 2027–2035. Resolutions pertaining thereto and arising therefrom.
3. Assignment of the statutory audit engagement for the period from 2025 to 2033. Resolutions pertaining thereto and arising therefrom.

About the Share Capital

The share capital amounts to Euro 54,789,379.31 fully subscribed and paid in and consists of 84,067,808 ordinary shares with no par value. At the date of this notice, the Company holds 998,182 treasury shares, equal to around 1.2% of the share capital with voting rights, whose voting rights are suspended pursuant to article 2357-ter of the Italian Civil Code. Information on the amount of share capital as well as its breakdown are available at the website www.illimity.com (“Investor Relations” Section).

Attending the Annual General Meeting

Pursuant to Article 9, paragraph 1, of the Bylaws, the Shareholders' Meeting will be held exclusively by means of remote telecommunication, through the link that will subsequently be provided by the Company to the persons entitled to attend the Meeting, in the manner and within the due dates set out below.

Each ordinary share carries one voting right at the Company's Ordinary and Extraordinary Shareholders' Meetings.

Pursuant to article 83-sexies of Italian Legislative Decree no. 58/1998 as amended (Testo Unico della Finanza, “TUF”), eligibility to attend the Meeting and exercise the right to vote is established by means of a notice submitted to the Company by the intermediary authorized to keep securities accounts pursuant to the law, based on evidence from accounting records as at the end of the seventh trading day prior to the date set for the Meeting in single call, i.e. 16 September 2025 (record date). Investors holding shares in the Company after said date shall not be eligible to attend and vote. The intermediary's notice shall be delivered to the Company by the end of the third trading day prior to the date set for the Meeting in single call (i.e., by 22 September 2025). Shareholders will still be eligible to attend and vote if notices are delivered after this deadline but before the start of the Meeting.

To attend the Shareholders' Meeting, persons entitled must send an email to the Company's address illimity@pec.illimity.com prior to the start of proceedings, providing a valid standard email address and including:

• Subject line: “Address for illimity Shareholders' Meeting – 25 September 2025”
• Body: Identifying details of the person entitled to attend, along with a telephone contact.
• Attachments:
  • A copy of the communication from the intermediary (may be received up until the start of the Meeting proceedings).
  • If attending as a natural person: a copy of a valid identity document.
  • If attending as a legal entity or proxy holder: documentation evidencing authority to attend or grant proxy.

Following verification, the Company will send the link and operational instructions to the provided email address.

Eligible persons may appoint a designated representative as a proxy. The proxy form is available on the Company's website (www.illimity.com, “Governance / Shareholders and BoD Meetings” Section). The proxy form can be submitted via registered mail to the office in Milan, via Soperga no. 9, or to the certified email address illimity@pec.illimity.com. A designated representative can also be appointed with a digitally signed document.

Computershare S.p.A. (registered office in Milan, Via Lorenzo Mascheroni no. 19, 20145) may be appointed as proxy delegate at no cost (except for mailing costs), providing voting instructions for all or some agenda items. The proxy form must include voting instructions and is effective only for items with provided instructions.

A proxy is granted by signing the specific form available at the Company's office or website, which includes instructions. The proxy form must be delivered to the Designated Representative by 11:59 p.m. of 23 September 2025. Proxies and voting instructions may be revoked by the same deadline.

Shares with appointed proxies are included in quorum calculation. Shares without voting instructions are not included in majority calculations.

The Designated Representative (Computershare S.p.A.) is available for clarification at +39 02 46776821 - 14 or ufficiomi@computershare.it.

Vote by mail or via electronic means: No procedure has been established.

Right to Request Additional Items to the Agenda and Propose New Resolutions

Shareholders representing at least 1/40th of the share capital may request, within ten days of this notice's publication (i.e., by 16 August 2025), to add items to the agenda or propose new resolutions. This right is exercised via a notice submitted by the authorized intermediary, as per article 43 of the Joint Regulation. The request must be submitted in writing via registered mail to the Company's office in Milan or via email to illimity@pec.illimity.com by the deadline. Proponents must submit a report explaining the reasons for proposed resolutions. Additions or new resolutions will be disclosed in the same forms as the general meeting notice at least fifteen days prior to the Meeting (i.e., by 10 September 2025).

No additions can be requested for matters on which the Meeting votes based on Directors' proposals or reports, except as per article 125-ter, paragraph 1 of the TUF.

Right to Propose Questions About Items on the Agenda

Pursuant to article 127-ter, paragraph 1-bis, of the TUF, shareholders may propose questions about agenda items prior to the Meeting, no later than 23:59 (CET) of 18 September 2025. Questions can be submitted via registered mail or email to illimity@pec.illimity.com. Eligibility is established by a notice from the authorized intermediary. Questions received by the deadline will be answered at the Meeting, potentially with single answers for multiple similar questions.

Appointment of Corporate Bodies

Resolutions regarding the appointment of the Bank's corporate bodies, specifically the Board of Directors and the Audit and Internal Control Committee, will follow Article 14 of the corporate Bylaws.

The appointment of Board of Directors members will comply with gender balance laws, based on lists presented according to the procedure below. Candidates will be listed sequentially, not exceeding 15 per list.

Lists will have two sections:

• Section 1: Up to 14 candidates for the Board of Directors (excluding Audit and Internal Control Committee members).
• Section 2: Up to 5 candidates for both the Board of Directors and the Audit and Internal Control Committee.

Eligible persons to submit lists are:

• Shareholders holding at least 4.5% of the share capital (alone or jointly), as per CONSOB Managerial Decision no. 123 of 28 January 2025.
• The Board of Directors of the Company.

Share ownership for list filing must be certified by a notice from the authorized intermediary, received by 4 September 2025.

No person may submit or participate in submitting more than one list, nor vote for more than one list. Shareholders belonging to the same group of companies or parties to a shareholders' agreement may not submit or vote for more than one list; non-compliance will invalidate their signatures.

Each list must include, by the filing deadline:

• Information on the submitting shareholders and their total voting shareholding.
• Declarations from shareholders submitting lists (especially those holding controlling/relative majority holdings) regarding relevant connections as per applicable laws and regulations.
• A comprehensive description of each candidate's personal and professional characteristics, including other directorships, acceptance of nomination, and confirmation of no ineligibility/incompatibility, meeting directorship requirements.
• Any further documentation required by applicable laws or useful for suitability assessment.

Shareholders should consult the document "Report of the Board of Directors on the Quali-Quantitative Composition of the illimity Bank S.p.A. Corporate Bodies," approved on 12 March 2025, available on www.illimity.com (“Governance / Governance System” Section).

Additional requirements for lists:

• Ensure the presence of independent Directors as per Article 16 of the Bylaws.
• Each section with 3 or more candidates must ensure gender balance, with at least 2/5 of candidates belonging to the less represented gender.

Lists and documentation must be filed by 31 August 2025 via:

• Original at the Company's registered office (Via Soperga no. 9, 20124, Milan).
• Digitally reproduced copy (PDF) sent to illimity@pec.illimity.com, provided the sender uses their certified mail box or digitally signs the document.

Lists will be numbered sequentially upon arrival. Lists not complying with laws, Bylaws, or lacking documentation will be deemed inadmissible. Irregularities concerning individual candidates may lead to their exclusion, but not necessarily the exclusion of the entire list.

Lists and documentation will be made public at least 21 days before the Meeting (i.e., by 4 September 2025) at the Company's registered office, on www.illimity.com (“Governance / Shareholders' and BoD Meetings” Section), and on the authorized storage mechanism “SDIR 1INFO” (www.1info.it).

If only one list or lists from specific shareholder categories are filed by the deadline, the Company will issue a notice. Additional lists may be presented until 3 September 2025 by shareholders representing at least 2.25% of the share capital.

Documents

Meeting documents, including resolution proposals, will be made publicly available at the Company's registered office in Milan, via Soperga no. 9, on its website www.illimity.com (“Governance / Shareholders and BoD Meetings” Section), and on the authorized storage mechanism “SDIR 1INFO” (www.1info.it).

This notice of call is published on the Company's website www.illimity.com (“Governance / Shareholders and BoD Meetings” Section), on the authorized storage mechanism “1INFO Storage” (www.1info.it), and as an extract in the newspaper “Il Sole 24 Ore”.

With reference to the information contained in this notice of call, it is specified that, should the delisting of the Company's shares be resolved between the date of publication of this notice and the date of the Shareholders' Meeting, the Company reserves the right to supplement this notice of call by providing procedures for attendance and voting in accordance with the applicable regulations.