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Media Relations Michele Seghizzi

Tel. +39 02 6076 5683

Michele.seghizzi@bancagenerali.it

Investor Relations Giuliana Pagliari

Tel: +39 02 6076 5548

giuliana.pagliari@bancagenerali.it

Net inflows at €310 million in August (€3.8 billion YTD; +37%)

Net inflows of managed products at €306 million (€2,560 million YTD)

Milan, 5 September 2016 - Banca Generali has recorded the best August performance ever in terms of net inflows, which amounted to €310 million, up 43% compared to the same month of the previous year. Net inflows of managed products grew even more markedly to €306 million, up by over 60% compared to August 2015. Total net inflows rose by 37% to €3.8 billion YTD.

Market uncertainties over the past few months have heightened demand for qualified advisory to protect assets and the Bank's innovating tools together with the accuracy of its professionals succeeded in comprehensively meeting this need.

August saw a continuation of the uptrend of managed solutions for private customers. Net inflows of the new wrappers of managed products marked by a high level of customisation and asset protection, insurance covers and innovative services amounted to €213 million. The new "BG Solution" gathered €129 million net inflows and the multi-line "BG Stile Libero Private Insurance" totalled €84 million.

Since inception in March 2016, BG Solution has gathered €732 million, whereas BG Stile Libero has reached €762 million net inflows YTD, for a total of €1.5 billion, accounting for 58% of total net inflows of managed products for the period.

General Manager Gian Maria Mossa stated: "The outstanding work of our professionals to help households protect their assets continued over the past few weeks as, despite reduced volatility, the markets were not free from unknowns and uncertainties. Our new managed solutions are attracting much attention, especially from private customers who are provided a dedicated range of products, with bespoke insurance covers and services, as well as next generation advisory services aimed to stabilise portfolios through models that minimise volatility risks. Our strategic focus on the risk concept is indeed a distinctive feature of our advisory services. We look towards the coming months with great enthusiasm."

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NET INFLOWS AND LIFE NEW BUSINESS AT AUGUST 2016

Million of Euros

Aug 2016

Jul 2016

Abs. Chg

Mutual Funds

75

116

-41

Managed Portfolio

99

165

-66

Mutual Funds and Managed Portfolio

174

281

-107

Life Insurance

132

271

-139

of which BG STILE LIBERO

84

120

-36

Managed Assets

306

552

-246

Non Managed Assets

4

49

-45

of which: Securities

27

-35

62

Total

310

601

-291

Jan-Aug 2016

Jan-Aug 2015

Abs. Chg

Mutual Funds

55

733

-678

Managed Portfolio

550

-162

712

Mutual Funds and Managed Portfolio

605

571

34

Life Insurance

1,955

1,997

-42

of which BG STILE LIBERO

762

1,773

-1,011

Managed Assets

2,560

2,568

-8

Non Managed Assets

1,268

226

1,042

of which: Securities

244

-329

573

Total

3,828

2,794

1,034

Life New Business

Aug 2016

Jul 2016

Abs. Chg

Life New Business

196

369

-173

Jan-Aug 2016

Jan-Aug 2015

Abs. Chg

Life New Business

2,663

2,845

-182

The Manager responsible for preparing the company's financial reports (Paolo Tamagnini) 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.

Paolo Tamagnini (CFO of Banca Generali)

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Banca Generali S.p.A. published this content on 05 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 September 2016 16:05:51 UTC.

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