We solve a model that has basic features that are desired for quantum annealing computations: entanglement in the ground state, controllable annealing speed, ground state energy separated by a gap during the whole evolution, and a programmable computational problem that is encoded by parameters of the Ising part of the spin Hamiltonian. Our solution enables exact nonperturbative characterization of final nonadiabatic excitations, including a scaling of their number with the annealing rate and the system size. We prove that quantum correlations can accelerate computations and, at the end of the annealing protocol, lead to the perfect Gibbs distribution of all microstates.