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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_GainsLossesOnFinancialAssetsOtherThanEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:label="ext_GainsLossesOnFinancialAssetsOtherThanEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_GainsLossesOnTangibleAndIntangibleAssetsOtherThanGoodwillMeasuredAtFairValue" xlink:label="ext_GainsLossesOnTangibleAndIntangibleAssetsOtherThanGoodwillMeasuredAtFairValue" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_GoodwillImpairment" xlink:label="ext_GoodwillImpairment" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_GrossIncome" xlink:label="ext_GrossIncome" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9OnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="ext_ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9OnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_IncomeFromReinsuranceContractsHeld" xlink:label="ext_IncomeFromReinsuranceContractsHeld" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_IncreaseDecreaseDueToEquityInstruments" xlink:label="ext_IncreaseDecreaseDueToEquityInstruments" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_IncreaseDecreaseOfReserves" xlink:label="ext_IncreaseDecreaseOfReserves" xlink:type="locator"/>
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      <link:label id="id_74" xlink:label="ext_IncreaseDecreaseOfReserves_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase Decrease of Reserves</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_IncreaseDecreaseThroughTreasuryShareDerivatives" xlink:label="ext_IncreaseDecreaseThroughTreasuryShareDerivatives" xlink:type="locator"/>
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      <link:label id="id_76" xlink:label="ext_IncreaseDecreaseThroughTreasuryShareDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase (decrease) through treasury share derivatives</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_InsuranceAssets" xlink:label="ext_InsuranceAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_InsuranceAssets" xlink:to="ext_InsuranceAssets_lbl" xlink:type="arc"/>
      <link:label id="id_78" xlink:label="ext_InsuranceAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">InsuranceAssets</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_InsuranceLiabilities" xlink:label="ext_InsuranceLiabilities" xlink:type="locator"/>
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      <link:label id="id_79" xlink:label="ext_InsuranceLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">InsuranceLiabilities</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_InterestExpenseAndSimilarCharges" xlink:label="ext_InterestExpenseAndSimilarCharges" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_InterestExpenseAndSimilarCharges" xlink:to="ext_InterestExpenseAndSimilarCharges_lbl" xlink:type="arc"/>
      <link:label id="id_80" xlink:label="ext_InterestExpenseAndSimilarCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interest Expense And Similar Charges</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_InterestIncomeAndSimilarRevenues" xlink:label="ext_InterestIncomeAndSimilarRevenues" xlink:type="locator"/>
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      <link:label id="id_82" xlink:label="ext_InterestIncomeAndSimilarRevenues_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interest Income And Similar Revenues</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_InterimDividends" xlink:label="ext_InterimDividends" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_InterimDividends" xlink:to="ext_InterimDividends_lbl" xlink:type="arc"/>
      <link:label id="id_84" xlink:label="ext_InterimDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interim dividends</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_LiabilitiesFairValueChangesOfTheHedgedItemsInPortfolioHedgeOfInterestRateRisk" xlink:label="ext_LiabilitiesFairValueChangesOfTheHedgedItemsInPortfolioHedgeOfInterestRateRisk" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiabilitiesFairValueChangesOfTheHedgedItemsInPortfolioHedgeOfInterestRateRisk" xlink:to="ext_LiabilitiesFairValueChangesOfTheHedgedItemsInPortfolioHedgeOfInterestRateRisk_lbl" xlink:type="arc"/>
      <link:label id="id_85" xlink:label="ext_LiabilitiesFairValueChangesOfTheHedgedItemsInPortfolioHedgeOfInterestRateRisk_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Liabilities: Fair Value Changes Of The Hedged Items In Portfolio Hedge Of Interest Rate Risk</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_LiquidityGeneratedAbsorbedByOtherAssets" xlink:label="ext_LiquidityGeneratedAbsorbedByOtherAssets" xlink:type="locator"/>
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      <link:label id="id_87" xlink:label="ext_LiquidityGeneratedAbsorbedByOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Liquidity Generated Absorbed By Other Assets</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetCashFlowsFromInsuranceContractsIssuedWhichAreLiabilitiesAssets" xlink:label="ext_NetCashFlowsFromInsuranceContractsIssuedWhichAreLiabilitiesAssets" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetCashFlowsFromReinsuranceCessionsConstitutingAssetsLiabilities" xlink:label="ext_NetCashFlowsFromReinsuranceCessionsConstitutingAssetsLiabilities" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetCashFlowsFromUsedInReceiptsPaymentsOfFeesAndCommissionsFromOperations" xlink:label="ext_NetCashFlowsFromUsedInReceiptsPaymentsOfFeesAndCommissionsFromOperations" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetGainsLossesFromHedgeAccounting" xlink:label="ext_NetGainsLossesFromHedgeAccounting" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="ext_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetInterestMargin" xlink:label="ext_NetInterestMargin" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetProfitFromFinancialActivities" xlink:label="ext_NetProfitFromFinancialActivities" xlink:type="locator"/>
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      <link:label id="id_99" xlink:label="ext_NetProfitFromFinancialActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net Profit From Financial Activities</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetProvisionsForRisksAndCharges" xlink:label="ext_NetProvisionsForRisksAndCharges" xlink:type="locator"/>
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      <link:label id="id_101" xlink:label="ext_NetProvisionsForRisksAndCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net Provisions For Risks And Charges</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetProvisionsForRisksAndChargesCommitmentsAndFinancialGuaranteesGiven" xlink:label="ext_NetProvisionsForRisksAndChargesCommitmentsAndFinancialGuaranteesGiven" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_NetProvisionsForRisksAndChargesCommitmentsAndFinancialGuaranteesGiven" xlink:to="ext_NetProvisionsForRisksAndChargesCommitmentsAndFinancialGuaranteesGiven_lbl" xlink:type="arc"/>
      <link:label id="id_103" xlink:label="ext_NetProvisionsForRisksAndChargesCommitmentsAndFinancialGuaranteesGiven_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net Provisions For Risks And Charges Commitments And Financial Guarantees Given</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_NetProvisionsForRisksAndChargesOtherNetProvision" xlink:label="ext_NetProvisionsForRisksAndChargesOtherNetProvision" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OfWhichGoodwill" xlink:label="ext_OfWhichGoodwill" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OperatingCosts" xlink:label="ext_OperatingCosts" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OperatingCosts" xlink:to="ext_OperatingCosts_lbl" xlink:type="arc"/>
      <link:label id="id_109" xlink:label="ext_OperatingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Operating Costs</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherAdministrativeExpense" xlink:label="ext_OtherAdministrativeExpense" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherAdministrativeExpense" xlink:to="ext_OtherAdministrativeExpense_lbl" xlink:type="arc"/>
      <link:label id="id_111" xlink:label="ext_OtherAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Administrative Expense</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherCashInflowsOutflowsFromDiscontinuedOperationsNetOfTax" xlink:label="ext_OtherCashInflowsOutflowsFromDiscontinuedOperationsNetOfTax" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherCashInflowsOutflowsFromDiscontinuedOperationsNetOfTax" xlink:to="ext_OtherCashInflowsOutflowsFromDiscontinuedOperationsNetOfTax_lbl" xlink:type="arc"/>
      <link:label id="id_113" xlink:label="ext_OtherCashInflowsOutflowsFromDiscontinuedOperationsNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Cash Inflows Outflows From Discontinued Operations Net Of Tax</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherComprehensiveIncomeNetOfTaxIntangibleAssets" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxIntangibleAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherComprehensiveIncomeNetOfTaxIntangibleAssets" xlink:to="ext_OtherComprehensiveIncomeNetOfTaxIntangibleAssets_lbl" xlink:type="arc"/>
      <link:label id="id_115" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Comprehensive Income Net Of Tax Intangible Assets</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherComprehensiveIncomeNetOfTaxNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotToBeReclassifiedToProfitOrLoss" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotToBeReclassifiedToProfitOrLoss" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherComprehensiveIncomeNetOfTaxNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotToBeReclassifiedToProfitOrLoss" xlink:to="ext_OtherComprehensiveIncomeNetOfTaxNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotToBeReclassifiedToProfitOrLoss_lbl" xlink:type="arc"/>
      <link:label id="id_117" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotToBeReclassifiedToProfitOrLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Comprehensive Income Net Of Tax Non Current Assets And Disposal Groups Classified As Held For Sale Not To Be Reclassified To Profit Or Loss</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherComprehensiveIncomeNetOfTaxOnHedgingInstrumentsNonDesignatedItems" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxOnHedgingInstrumentsNonDesignatedItems" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherComprehensiveIncomeNetOfTaxOnHedgingInstrumentsNonDesignatedItems" xlink:to="ext_OtherComprehensiveIncomeNetOfTaxOnHedgingInstrumentsNonDesignatedItems_lbl" xlink:type="arc"/>
      <link:label id="id_119" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxOnHedgingInstrumentsNonDesignatedItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Comprehensive Income Net Of Tax On Hedging Instruments Non Designated Items</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherComprehensiveIncomeNetOfTaxTangibleAssets" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxTangibleAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherComprehensiveIncomeNetOfTaxTangibleAssets" xlink:to="ext_OtherComprehensiveIncomeNetOfTaxTangibleAssets_lbl" xlink:type="arc"/>
      <link:label id="id_121" xlink:label="ext_OtherComprehensiveIncomeNetOfTaxTangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Comprehensive Income Net Of Tax Tangible Assets</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherComprehensiveIncomeRelatedToNoncurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleToBeReclassifiedToProfitOrLoss" xlink:label="ext_OtherComprehensiveIncomeRelatedToNoncurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleToBeReclassifiedToProfitOrLoss" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherComprehensiveIncomeRelatedToNoncurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleToBeReclassifiedToProfitOrLoss" xlink:to="ext_OtherComprehensiveIncomeRelatedToNoncurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleToBeReclassifiedToProfitOrLoss_lbl" xlink:type="arc"/>
      <link:label id="id_123" xlink:label="ext_OtherComprehensiveIncomeRelatedToNoncurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleToBeReclassifiedToProfitOrLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Comprehensive Income Related To Noncurrent Assets And Disposal Groups Classified As Held For Sale To Be Reclassified To Profit Or Loss</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" xlink:label="ext_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" xlink:to="ext_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments_lbl" xlink:type="arc"/>
      <link:label id="id_125" xlink:label="ext_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Inflows Outflows From Issue Purchase Of Equity instruments</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" xlink:label="ext_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" xlink:to="ext_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares_lbl" xlink:type="arc"/>
      <link:label id="id_127" xlink:label="ext_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Inflows Outflows From Issue Purchase Of Treasury shares</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" xlink:label="ext_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" xlink:to="ext_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl_lbl" xlink:type="arc"/>
      <link:label id="id_129" xlink:label="ext_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Inflows Outflows From Sale Purchase of Minority control</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherProvisionsForRiskAndCharges" xlink:label="ext_OtherProvisionsForRiskAndCharges" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherProvisionsForRiskAndCharges" xlink:to="ext_OtherProvisionsForRiskAndCharges_lbl" xlink:type="arc"/>
      <link:label id="id_131" xlink:label="ext_OtherProvisionsForRiskAndCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Provisions For Risk And Charges</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_OtherReservesOther" xlink:label="ext_OtherReservesOther" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_OtherReservesOther" xlink:to="ext_OtherReservesOther_lbl" xlink:type="arc"/>
      <link:label id="id_133" xlink:label="ext_OtherReservesOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Reserves Other</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_PostRetirementBenefitObligation" xlink:label="ext_PostRetirementBenefitObligation" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PostRetirementBenefitObligation" xlink:to="ext_PostRetirementBenefitObligation_lbl" xlink:type="arc"/>
      <link:label id="id_135" xlink:label="ext_PostRetirementBenefitObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Post Retirement Benefit Obligation</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_PreviousYearProfitLossAllocationReserves" xlink:label="ext_PreviousYearProfitLossAllocationReserves" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PreviousYearProfitLossAllocationReserves" xlink:to="ext_PreviousYearProfitLossAllocationReserves_lbl" xlink:type="arc"/>
      <link:label id="id_137" xlink:label="ext_PreviousYearProfitLossAllocationReserves_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Previous Year Profit Loss Allocation Reserves</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_ProceedsFromSalesOfTangibleAssetsClassifiedAsInvestingActivities" xlink:label="ext_ProceedsFromSalesOfTangibleAssetsClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ProceedsFromSalesOfTangibleAssetsClassifiedAsInvestingActivities" xlink:to="ext_ProceedsFromSalesOfTangibleAssetsClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label id="id_139" xlink:label="ext_ProceedsFromSalesOfTangibleAssetsClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Proceeds From Sales Of Tangible Assets Classified As Investing activities</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_ProfitLossFromFinancialAndInsuranceActivities" xlink:label="ext_ProfitLossFromFinancialAndInsuranceActivities" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ProfitLossFromFinancialAndInsuranceActivities" xlink:to="ext_ProfitLossFromFinancialAndInsuranceActivities_lbl" xlink:type="arc"/>
      <link:label id="id_141" xlink:label="ext_ProfitLossFromFinancialAndInsuranceActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profit Loss From Financial And Insurance Activities</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_ProvisionForCommittmentsAndGuaranteesGiven" xlink:label="ext_ProvisionForCommittmentsAndGuaranteesGiven" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ProvisionForCommittmentsAndGuaranteesGiven" xlink:to="ext_ProvisionForCommittmentsAndGuaranteesGiven_lbl" xlink:type="arc"/>
      <link:label id="id_143" xlink:label="ext_ProvisionForCommittmentsAndGuaranteesGiven_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Provision For Committments And Guarantees Given</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_ProvisionForEmployeeSeverancesPay" xlink:label="ext_ProvisionForEmployeeSeverancesPay" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ProvisionForEmployeeSeverancesPay" xlink:to="ext_ProvisionForEmployeeSeverancesPay_lbl" xlink:type="arc"/>
      <link:label id="id_145" xlink:label="ext_ProvisionForEmployeeSeverancesPay_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Provision For Employee Severances Pay</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" xlink:label="ext_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" xlink:to="ext_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label id="id_147" xlink:label="ext_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Purchase Of Tangible Assets Classified As Investing activities</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_RedeemableShares" xlink:label="ext_RedeemableShares" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RedeemableShares" xlink:to="ext_RedeemableShares_lbl" xlink:type="arc"/>
      <link:label id="id_149" xlink:label="ext_RedeemableShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Redeemable Shares</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_TangibleAssets" xlink:label="ext_TangibleAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TangibleAssets" xlink:to="ext_TangibleAssets_lbl" xlink:type="arc"/>
      <link:label id="id_151" xlink:label="ext_TangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Tangible Assets</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_TaxAssets" xlink:label="ext_TaxAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TaxAssets" xlink:to="ext_TaxAssets_lbl" xlink:type="arc"/>
      <link:label id="id_153" xlink:label="ext_TaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Tax Assets</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_TaxLiabilities" xlink:label="ext_TaxLiabilities" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TaxLiabilities" xlink:to="ext_TaxLiabilities_lbl" xlink:type="arc"/>
      <link:label id="id_155" xlink:label="ext_TaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Tax Liabilities</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_TotalEquity" xlink:label="ext_TotalEquity" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TotalEquity" xlink:to="ext_TotalEquity_lbl" xlink:type="arc"/>
      <link:label id="id_157" xlink:label="ext_TotalEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Total Equity</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_TotalEquityAttributableToOwnersOfParent" xlink:label="ext_TotalEquityAttributableToOwnersOfParent" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TotalEquityAttributableToOwnersOfParent" xlink:to="ext_TotalEquityAttributableToOwnersOfParent_lbl" xlink:type="arc"/>
      <link:label id="id_159" xlink:label="ext_TotalEquityAttributableToOwnersOfParent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Total Equity Attributable To Owners Of Parent</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_TotalNonControllingInterests" xlink:label="ext_TotalNonControllingInterests" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TotalNonControllingInterests" xlink:to="ext_TotalNonControllingInterests_lbl" xlink:type="arc"/>
      <link:label id="id_161" xlink:label="ext_TotalNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Total Non controlling Interests</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_TotalProfitLossAttributableToOwnersOfParent" xlink:label="ext_TotalProfitLossAttributableToOwnersOfParent" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TotalProfitLossAttributableToOwnersOfParent" xlink:to="ext_TotalProfitLossAttributableToOwnersOfParent_lbl" xlink:type="arc"/>
      <link:label id="id_163" xlink:label="ext_TotalProfitLossAttributableToOwnersOfParent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Total Profit (loss), attributable to owners of parent</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_ValuationReserves" xlink:label="ext_ValuationReserves" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ValuationReserves" xlink:to="ext_ValuationReserves_lbl" xlink:type="arc"/>
      <link:label id="id_165" xlink:label="ext_ValuationReserves_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Valuation Reserves</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_AltreRiserveMember" xlink:label="ext_AltreRiserveMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreRiserveMember" xlink:to="ext_AltreRiserveMember_lbl" xlink:type="arc"/>
      <link:label id="id_167" xlink:label="ext_AltreRiserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reserves Not From Profit Not From Valuation Member</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_AzioniProprieMember" xlink:label="ext_AzioniProprieMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AzioniProprieMember" xlink:to="ext_AzioniProprieMember_lbl" xlink:type="arc"/>
      <link:label id="id_169" xlink:label="ext_AzioniProprieMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Total Treasury Shares Member</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_Capital" xlink:label="ext_Capital" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_Capital" xlink:to="ext_Capital_lbl" xlink:type="arc"/>
      <link:label id="id_171" xlink:label="ext_Capital_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Capital</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_CapitaleAltreAzioniMember" xlink:label="ext_CapitaleAltreAzioniMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CapitaleAltreAzioniMember" xlink:to="ext_CapitaleAltreAzioniMember_lbl" xlink:type="arc"/>
      <link:label id="id_172" xlink:label="ext_CapitaleAltreAzioniMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Shares Member</link:label>

      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_CapitaleAzioniOrdinarieMember" xlink:label="ext_CapitaleAzioniOrdinarieMember" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_SovrapprezziDiEmissioneMember" xlink:label="ext_SovrapprezziDiEmissioneMember" xlink:type="locator"/>
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      <link:loc xlink:href="PSNL19R2RXX5U3QWHI44-2025-06-30.xsd#ext_UtilePerditaDiEsercizioMember" xlink:label="ext_UtilePerditaDiEsercizioMember" xlink:type="locator"/>
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