PRESS RELEASE Azimut Holding: completed the first tranche of the share buyback programme as per the resolution obtained by the AGM on 28 April 2016 (the "Programme") Milan, 27 February 2017

Following the press release dated 7 February 2017 announcing the commencement of the share buyback programme, Azimut Holding informs that the first tranche has been executed and completed for a total value of Euro 25 million, in line with what previously announced.

Azimut is Italy's leading independentassetmanager(activesince 1989). The Parent CompanyAzimut Holdingwaslistedonthe Italian stockexchangeon 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 1,400 managers, employees and financial advisors, bound by a shareholders' agreement that controls ca. 13% 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, USAand Turkey. In Italy, Azimut Capital Management SGRsellsandmanages Italian mutualfunds, Italianhedgefunds, aswellas being active in the discretionary management of individual investment portfolios. Furthermore, Azimut Capital Management SGR, following the demerger by incorporation of AzimutConsulenza SIM, distributes Groupandthirdpartyproductsin Italyviaanetworkoffinancialadvisorswhile Azimut GlobalCounselingprovidesconsultingservices. Overseas main operations are AZ Fund (founded in Luxembourg in 1999), which manages the multi strategy funds AZ Fund 1 and AZ Multi Asset and the Irish AZ Life Ltd, which offers life insuranceproducts. INVESTOR RELATIONS

AZIMUT HOLDING SpA -www.azimut.it

MEDIA RELATIONS

Vittorio Pracca tel +39.02.8898.5853 +39.342.0368994 Viviana Merotto tel +39.02.8898.5026 +39.338.7496248

Gabriele Blei tel +39.02.8898.5849 +39.340.532.9911

Azimut Holding S.p.A. published this content on 27 February 2017 and is solely responsible for the information contained herein.
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