Azimut : Update on the monthly share purchase plan by Management, Financial Advisors, PMs and employees on Azimut shares

PRESS RELEASE

Update on the monthly share purchase plan by Management, Financial Advisors, PMs and employees on Azimut shares

Milan, 12 February 2018

Azimut Holding S.p.A. announces that over 1,300 colleagues participating to the Azimut Holding shareholders agreement have completed the share purchase plan of the month of January, at an average share price of € 17.66 for an equivalent total value of € 0.7mln.

As a reminder, the 2016 and 2017 Share Purchase Plans included initially a total of 1,193 participants acquiring Azimut Holding shares on a monthly basis for an equivalent total value of ca. € 34mln (calculated over the full length of the Plans). As of today, ca. € 13.9mln Azimut shares have been bought, of which ca. € 2.1mln by the Chairman Mr. Pietro Giuliani.

Corporate Communications Contacts:

Vittorio Pracca

Head of Investor Relations & Corporate Communications Tel. +39 02 8898 5853

Email:vittorio.pracca@azimut.it

Viviana Merotto

Corporate Communications - Media Relations Tel. +39 02 8898 5026

Email:viviana.merotto@azimut.it

www.azimut-group.com

Azimut is Italy's leading independent asset manager (active since 1989). The Parent Company Azimut Holding was listed on the Italian stock exchange on 7 July 2004 (AZM.MI) and, among others, is a member of the main Italian index FTSE MIB and of the Eurostoxx 600. The shareholder structure includes over 1,600 managers, employees and financial advisors, bound by a shareholders' agreement that controls over 15% of the company. The remaining is free float. The Group comprises various companies active in the sale, management and distribution of financial and insurance products, with Registered Offices in Italy, Luxembourg, Ireland, China (Hong Kong and Shanghai), Monaco, Switzerland, Taiwan, Brazil, Singapore, Mexico, Australia, Chile, USA, UAE, Iran and Turkey. In Italy, Azimut Capital Management SGR sells and manages Italian mutual funds, Italian alternative investment funds, as well as being active in the discretionary management of individual investment portfolios. Furthermore, Azimut Capital Management SGR, following the demerger by incorporation of Azimut Consulenza SIM, distributes Group and third party products in Italy via a network of financial advisors while Azimut Global Counseling provides consulting services. Overseas main operations are AZ Fund Management SA (founded in Luxembourg in 1999), which manages the multi strategy funds AZ Fund 1 and AZ Multi Asset and the Irish AZ Life DAC, which offers life insurance products.