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Investor Relations Giuliana Pagliari

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Highest net inflows in 2016: €601 million in July (€3.5 billion YTD)

Best month of the year for managed products: €552 million (€2,254 million YTD)

Milan, 1 August 2016 - July was the best month of 2016 in terms of net inflows (both total and in managed products) and the best ever month for the new 'wrapper' products. Funds, portfolio management and insurance solutions reached €552 million, equal to 92% of the total (€601 million), for a 37% growth YTD in total net inflows to €3.5 billion.

The innovative, bespoke managed solutions for the protection of households' assets, are speeding the acquisition of new customers, particularly in the private segment, as they appreciate the distinctive features of specific products and the bank's new wealth management solutions.

The new wrappers of managed products showed the best result of the year, with overall net inflows of €300 million, of which €180 million gathered by BG Solution and €120 million by the multi-line policy BG Stile Libero. Since inception in March 2016, BG Solution has gathered €603 million, whereas BG Stile Libero has reached €678 million net inflows YTD, for a total of €1.28 billion, accounting for nearly 60% of total net inflows of managed products for the period.

General Manager Gian Maria Mossa stated: "In the first half of the year, we ranked first in terms of net inflows of managed products within the Assoreti market. July recorded an even stronger performance, with the best net inflows figures year-to-date. In a context of ongoing volatility and pressures on the financial system, we further strengthen our ties with households and our professionals using the instruments that could best achieve portfolio stability and exploit opportunities. Our solutions for private customers, with growing services, guarantees and insurance products are increasingly successful, as shown by the record results achieved in July by our managed solutions marked by a high level of customisation and asset protection. The trust that our customers place in us bodes well for further growth in the coming months."

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NET INFLOWS AND LIFE NEW BUSINESS AT JULY 2016

Million of Euros

Jul 2016

Jun 2016

Abs. Chg

Mutual Funds

116

-36

152

Managed Portfolio

165

47

118

Mutual Funds and Managed Portfolio

281

11

270

Life Insurance

271

249

22

of which BG STILE LIBERO

120

106

14

Managed Assets

552

260

292

Non Managed Assets

49

265

-216

of which: Securities

-35

-28

-7

Total

601

525

76

Jan-Jul 2016

Jan-Jul 2015

Abs. Chg

Mutual Funds

-20

629

-649

Managed Portfolio

451

-98

549

Mutual Funds and Managed Portfolio

431

531

-100

Life Insurance

1,823

1,846

-23

of which BG STILE LIBERO

678

1,648

-970

Managed Assets

2,254

2,377

-123

Non Managed Assets

1,264

200

1,064

of which: Securities

217

-377

594

Total

3,518

2,577

941

Life New Business

Jul 2016

Jun 2016

Abs. Chg

Life New Business

369

323

46

Jan-Jul 2016

Jan-Jul 2015

Abs. Chg

Life New Business

2,467

2,626

-159

The Manager responsible for preparing the company's financial reports (Stefano Grassi) declares, pursuant to Paragraph 2 of Art. 154-bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.

Stefano Grassi (CFO of Banca Generali)

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Banca Generali S.p.A. published this content on 01 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 August 2016 16:06:19 UTC.

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