Investment Firms (SIMs), and trust companies referred to in Art. 199, para. 2 of Legislative Decree no. 58/1998, authorised, as of January 2, 2019, to provide investment services and activities pursuant to Art. 1, para. 5, letters a), b), c), c-bis), d), e) and f) of Legislative Decree no. 58/1998;

The maximum amount of contribution is correlated with the volume of revenues from investment services, according to the following brackets:

- for revenues up to € 50,000,000: € 116,520.00;

- for revenues up to € 100,000,000: € 136,950.00;

- for revenues over € 100,000,000: € 155,350.00.

EU investment companies with branches in Italy and non-EU investment companies with or without branches in Italy, authorised, as of January 2, 2019, to provide investment services and activities pursuant to Art. 1, para. 5, letters a), b), c), c-bis), d), e) and f) of Legislative Decree no. 58/1998;

a) one investment service/activity: € 4,035.00;

b) two investment services/activities: € 14,735.00;

c) three investment services/activities: € 26,700.00;

d) four investment services/activities: € 36,110.00;

e) five investment services/activities: € 45,515.00;

f) six investment services/activities: € 59,640.00

Italian banks, Poste Italiane company - BancoPosta Services Division pursuant to Art. 2, para. 1, letter f), of Italian Presidential Decree no. 144 of March 14, 2001, EU banks with branches in Italy and non-EU banks with or without branches in Italy, authorised, as of January 2, 2019, to provide investment services and activities pursuant to Art. 1, para. 5, letters a), b), c), c-bis), d), e) and f) of Legislative Decree no. 58/1998;

The maximum amount of contribution is correlated with the volume of revenues from investment services, according to the following brackets:

- for revenues up to 10,000,000: € 116,520.00;

- for revenues up to € 20,000,000: € 136,950.00;

- for revenues up to € 50,000,000: € 155,350.00;

- for revenues up to € 100,000,000: € 174,780.00;

- for revenues up to € 500,000,000: € 194,200.00;

- for revenues over € 500,000.00: € 213,620.00.

As listed below:

Italian asset management companies pursuant to Art. 1, para. 1, letter o) of Italian Legislative Decree no. 58/1998, authorised, as of January 2, 2019, to provide investment services and activities, pursuant to Art. 1, para. 5, letters d), e) and f), of Italian Legislative Decree no. 58/1998;

The maximum amount of contribution is correlated with the volume of revenues from investment services, according to the following brackets:

- for revenues up to € 50,000,000 : € 116,520.00;

- for revenues up to € 100,000,000: € 136,950.00;

- for revenues up to € 100,000,000: € 155,350.00.

EU asset management companies with branches in Italy pursuant to Art. 1, letter o-bis) of Italian Legislative Decree no. 58/1998, EU alternative investment fund managers (EU AIF) with branches in Italy, pursuant to Art. 1, para. 1, letter p) of Italian Legislative Decree no. 58/1998, authorised, as of January 2, 2019, to provide investment services and activities pursuant to Art. 1, para. 5, letters d), e) and f), of Italian Legislative Decree no. 58/1998;

a) one investment service/activity: € 4,035.00;

b) two investment services/activities: € 14,735.00;

c) three investment services/activities: € 26,700.00;

d) four investment services/activities: € 36,110.00;

e) five investment services/activities: € 45,515.00;

f) six investment services/activities: € 59,640.00.

a) one investment service/activity: € 4,035.00;

b) two investment services/activities: € 14,735.00;

c) three investment services/activities: € 26,700.00;

d) four investment services/activities: € 36,110.00;

e) five investment services/activities: € 45,515.00;

f) six investment services/activities: € 59,640.00.

Stockbrokers entered, as of January 2, 2019, in the special Register provided for by Art. 201, para. 5 of Italian Legislative Decree no. 58/1998;

Asset management companies entered, as of January 2, 2019, in the Register provided for by Art. 35, para. 1 of Italian Legislative Decree no. 58/1998, SICAVs and SICAFs entered, as of January 2, 2019, in the Registers provided for by Art. 35-ter, para. 1 of Italian Legislative Decree no. 58/1998, and collective investment undertakings subject, at the same date of January 2, 2019, to the application of Articles 42, 43 and 44 of Italian Legislative Decree no. 58/1998;

- Fixed fee of € 3,895.00 for subjects authorised to perform collective management, to be increased as follows:

a) for subjects offering to the public their units or shares following the filing of an informative prospectus, the fixed fee shall be increased by € 1,945.00 for each fund or for each sub-funds (if any) for which the public offering is in progress as of January 2, 2019 (for retail funds).

Two funds/sub-fund are excluded from the calculation of the said increase, which also excludes any listed funds/sub-funds and/or those with one or more classes listed;

b) for the subjects for which an offering was closed in previous years and there are subscribers resident in Italy as of January 2, 2019 the said fixed fee shall be increased by € 1,375.00 for each fund or for each sub-fund (if any);

c) for subjects that, following completion in the previous year of a marketing procedure under Artt. 42, 43 e 44 of Italian Legislative Decree no. 58/1998, market AIFs units or shares, the said fixed fee shall be increased by € 1,775.00 for each fund or, if any, for each sub-fund managed;

d) for the managers entered, as of January 2, 2019, in the section of the Register referred to in Articles 35 and 35-ter, as well as in the attached list referred to in Articles 41-bis and 41-ter of Legislative Decree no. 58/1998 (UCITS and AIFs), that market their own or third party's units and/or shares in collective investment undertakings to retail investors, applying tariffs correlated to the volume marketed in Italy exceeding € 100,000.00 as follows:

For EU CIU, SICAVs, SICAFs, EU and Extra-EU AIF through bank transfer (see art. 4, para. 3,4,5,6,7).

- for volumes up to 10,000,000: € 12,000.00;

- for volumes up to 100,000,000: € 20,000.00;

- for volumes up to 1,000,000,000: € 28,000.00;

- for volumes up to 3,000,000,000: € 36,000.00;

- for volumes over 3,000,000,000. € 42.000.00.

The Supervisory Body of Financial Advisors, provided for by art. 31, para. 4 of Italian Legislative Decree no. 58/1998;

PRIIPs manufacturers, provided for by art. 4-decies of Italian Legislative Decree no. 58/1998, who have notified CONSOB the key information document (KID) in compliance with EU Regulation no. 1286/2014, in the time lapse between January 2, 2018 and January 1, 2019.

The maximum amount payable by each single manufacturer is equal to € 50,000.00

Italian issuers that, as of January 2, 2019, had financial instruments admitted to trading on Italian regulated markets;

The maximum amount payable for each issuer is equal to € 646,140.00.

Foreign (EU and extra-EU) issuers that, as of January 2, 2019, had financial instruments admitted to trading on Italian regulated markets;

The maximum amount payable for each issuer is equal to € 646,140.00.

Issuers that, as of January 2, 2019, had financial instruments admitted to trading on EU regulated markets (other than Italian markets) with Italy as their home member State;

The maximum amount payable for each issuer is equal to € 646,140.00.

Italian and Foreign Issuers (EU and ExtraEU) that, as of January 2, 2019, have applied for or have authorised trading on Multilateral Trading Facilities managed by Italian banks, investment firms (‘SIMs’) or operators of Italian regulated markets subject to supervision pursuant to Regulation (EU) no. 596/2014;

• or equity shares and equity securities, the contribution consists in a fixed fee of € 3,385.00 for each instrument traded;
• for instruments other than shares and equity securities, contribution consists in a fixed fee of € 435.00 for each instrument traded.

A maximum of € 135,000.00 is set for contribution from each individual Issuer.

For Foreign Issuers, payment before April 15, 2019 through bank transfer (see art. 4, para. 3,4,5,6,7).

Issuers of widely distributed financial instruments, as referred to in art. 116 of Italian Legislative Decree no. 58/1998 that, as of January 2, 2019, meet the requirements for registration in the specific register provided for by Art. 108, para. 5 of CONSOB’s Regulation no. 11971/1999;

Subjects other than those specified under preceding letter g), as follows:

Subjects that, following the communication prescribed under artircles 94, para. 1, or 102, para. 1, or 113, para. 1 of Legislative Decree no. 58/1998, have had the administrative procedure concerning the prospectus – drawn up as a single document or as separate documents – or base prospectus or bid document, expired between January 2, 2018, and January 1, 2019, before approval of the prospectus;

Application instances for which a new administrative procedure has started within three months after the expiry data are exempted from payment.

For Foreign offerors, payment before April 15, 2019 through bank transfer (see art. 4, para. 3,4,5,6,7).

Subjects that, once sent the notice required in Art. 94, para. 1, or Art. 102, para. 1 of Legislative Decree no. 58/1998, have been granted approval of their prospectus –single document or separate documents – or base prospectus or bid document, but did not make the relative offer and/or sale in the period between January 2, 2018, and January 1, 2019;

For Foreign offerors, payment before April 15, 2019 through bank transfer (see art. 4, para. 3,4,5,6,7).

Offerors that, once completed a offering of underwrtiting and/or sale or a takeover bid or an exchange tender offering in the period between January 2, 2018, and January 1, 2019, are subjected to the application of the provisions of Articles 97 or Art. 103, para. 2 of Legislative Decree no. 58/1998;

a) for public offerings of underwriting and/or sale concerning financial products that entail spot settlement determined by the value of one or more underlying financial assets such as covered warrants or certificates, a fixed fee equal to € 21,880.00 is required for each prospectus – drawn up as a single document or as separate documents – or base prospectus approved, increased by € 1,890.00 for each public offering completed for each separately identified product (offer of a single tranche, i.e. a single series of separately identified securities, with the said series distinguished by a different pre-established theoretical value) issued following the approval of the related prospectus or of the final terms with reference to an approved base prospectus;

b) for public offerings concerning purchase or subscription warrants, a fixed fee equal to € 21,880.00 is required for each individual offering; if the monetary equivalent of the offering is more than € 500,000.00 the said fixed fee is increased by 4.469 % of the portion of the offering’s equivalent value exceeding this amount of € 500,000.00.

The maximum contribution for each individual offering is € 6,000,000.00;

c) for public offerings concerning non-equity securities issued in a continuous or repeated manner by a credit institution, pursuant to Art. 34-ter, para. 4 of CONSOB’s Regulation no. 11971/1999, a fixed fee equal to € 3,440.00 is required for each completed offer;

For Foreign offerors, payment before April 15, 2019 through bank transfer (see art. 4, para. 3,4,5,6,7).

d2) for takeover bid or an exchange tender offering, a fixed fee equal to € 21,880.00 is required for each offer completed. If the monetary equivalent of such offerings results higher than € 13,000,000.00, the contribution shall be increased by 0.164% of the value exceeding the threshold. The maximum contribution for each offer is € 6,000,000.00; each offer’s monetary equivalent value is calculated as follows in the subsequent para. 2.

Subjects that have obtained the approval of their prospectus for the admission to trading of financial instruments in the period between January 2, 2018 and January 1, 2019, pursuant to Art. 113, para. 1 of Legislative Decree no. 58/1998;

For Foreign offerors, payment before April 15, 2019 through bank transfer (see art. 4, para. 3,4,5,6,7).

Subjects that, having obtained the admission to trading of financial instruments following corporate integration operations (mergers or demergers), for which in the period between January 2, 2018, and January 1, 2019, CONSOB has issued an opinion stating that the information contained in an already available document could be regarded as equivalent to that of the prospectus pursuant to Art. 57, para. 1, letter d) of CONSOB’s Regulation no. 11971/1999 (implementing Directive 2003/71/EC), and are therefore subject to the application of the provisions of Art. 114, para. 5, and Art. 115 of Legislative Decree no. 58/1998;

For Foreign offerors, payment before April 15, 2019 through bank transfer (see art. 4, para. 3,4,5,6,7).

Subjects entered, as of January 2, 2019, in the register provided for by Legislative Decree 39/2010, that, on the same date:

- resulted to be in charge of performing the statutory audit of financial statements belonging to Public Interest Entities and Financial Institutions (the so called “Enti Sottoposti a Regime Intermedio, as stated under art. 19-bis of Legislative Decree 39/2010);

- have expressed, thorugh a statement, a positive opinion on the compliance of non-financial information provided by the audited managers;

a) 9.5% of revenues from fees for statutory auditing appointments carried out on the individual and consolidated financial statements of Public Interest Entities, as well as on the financial statements of the subsidiaries included in the consolidation area of the said Entities;

b) 7.8% of revenues from fees for statutory auditing appointments carried out on the individual and consolidate financial statements belonging to Financial Insitutions (Enti Sottoposti a Regime Intermedio), as well as on the financial statements of the subsidiaries included in the consolidaion area of the said Entities;

c) 2.9% of revenues from fees for the release of compliance statements carried out on non financial reports (individual and consolidated) issued by Public Interest Entities.

Investment firms (‘SIMs’), Banks and Regulated Stock Exchange Companies authorised, as of January 2, 2019, to manage Multilateral Trading Facilities and Organised Trading Facilities referred to in Art. 1, para. 5, letters g) and g-bis) of Legislative Decree no. 58/1998;

a) up to 100 financial instruments traded: € 30,610.00;

b) up to 1,000 financial instruments traded: € 74,650.00;

c) up to 3,000 financial instruments traded: € 112,585.00;

d) up to 5,000 financial instruments traded: € 151,185.00;

e) up to 10,000 financial instruments traded: € 198,590.00;

f) over 10,000 financial instruments traded: € 258,165.00.

Systematic internalisers entered, as of January 2, 2019, in the specific register provided for by Art. 72, para. 4 of CONSOB’s Regulation no. 20249/2017;

Managers of extra-EU financial instrument regulated market applying for recognition in Italy under Art. 70, para. 1 of Legislative Decree no. 58/1998;

The payment notice shall be attached to the recognition application, as prescribed in art. 70, para. 1, of Italian Legislative Decree no. 58/1998.

Managers of crowdfunding platforms for small-and medium-sized enterprises and for social enterprises entered as of January 2, 2019, in the register referred to in Art. 50 - quinquies, para. 2 of Legislative Decree no. 58/1998;

Managers of regulated information disclosure services and managers of regulated information storage devices, authorised pursuant to Art. 113-ter, para. 4 of Legislative Decree no. 58/1998, and entered, as of January 2, 2019, in the specific registers provided for by Art. 116-septies, para. 3, and Art. 116-undecies, para. 3, of CONSOB’s Regulation no. 11971/1999;

a) up to 100 issuers subscribing the service: € 6,750.00;

b) up to 200 issuers subscribing the service: € 9,000.00;

c) over 200 issuers subscribing the service: € 11,260.00.

Data communication services providers entered, as of January 2, 2019, in the register referred to in art 79-bis, para. 4 of Legislative Decree no. 58/1998;

Undertakings subject to non financial reporting, obliged to publish a yearly disclosure of non-financial information (NFI), in pursuance of art. 2 of Italian legislative Decree 254/2016, entered, as of January 2, 2019, in the specific register referred to in art. 3, para. 3, of CONSOB Regulation n. 20267 /2018.