PRESS RELEASE

CONTACTS:

www.bancagenerali.com

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

Total net inflows in February at €299 million

(€705 million YTD, +34% YOY)

Net inflows in managed products at €427 million (€649 million YTD)

Milan, 5 March 2015 - Total net inflows in February amounted to €299 million, of which €192 million gathered by the Banca Generali network (€444 million YTD) and €107 million gathered by Banca Generali Private Banking (€261 million YTD)

Net inflows in managed products showed an excellent performance, increasing by 55% compared to the same period of 2014 and totalling €649 million YTD. This result benefited from the new products launched, as well as from the success of the existing wide range of investment solutions, which are key to an effective investment planning activity. They are also instrumental to enhance households' savings in the current environment marked by very low Italian government bonds' returns.

Among asset management products, the multi-line policy BG Stile Libero met with great success, accounting for 53% of total net inflows since year-start. This policy is particularly appreciated thanks to its combination of insurance segregated accounts, flexibility to invest in multi-manager funds and different types of insurance coverage.

Net inflows of funds/SICAVs and portfolio management also grew, totalling €128 million in

February (€195 million YTD, +24%).

The CEO of Banca Generali, Piermario Motta, commented: "The acceleration of net inflows in the first two months of the year, with an increase of more than one third over the same period of 2014, is the result of retail investors' great appreciation of professional financial advisory and quality investment products. The gradual decline of returns, which in the case of government bonds are now close to zero, is heightening households' awareness of the need for high-standing and highly skilled financial investment advisors. The strong success of our wide range of products and innovative investment solutions allow us to look with great confidence towards the coming months."

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PRESS RELEASE

A) NET INFLOWS AND LIFE NEW BUSINESS IN FEBRUARY 2015



Million of Euros Feb 2015 Jan 2015 Abs. Chg



Mutual Funds 103 52 51



Portfolio management 25 15 10



Mutual Funds and Portfolio management 128 67 61

Life Insurance 299 155 144

of which BG STILE LIBERO 269 108 161



Managed Assets 427 222 205
Non Managed Assets -128 184 -312

of which: Securities -162 -70 -92

Total 299 406 -107

Jan-Feb 2015 Jan-Feb 2014 Abs. Chg

Mutual Funds 155 200 -45



Managed Portfolio 40 -43 83



Mutual Funds and Managed Portfolio 195 157 38

Life Insurance 454 261 193

of which BG STILE LIBERO 377 0 377



Managed Assets 649 418 231
Non Managed Assets 56 109 -53

of which: Securities -232 -68 -164



Total 705 527 178

CONTACTS:

www.bancagenerali.com

Life New Business

Feb 2015 Jan 2015 Abs. Chg

Life New Business 434 224 210

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



Jan-Feb 2015 Jan-Feb 2014 Abs. Chg

Life New Business 658 326 332

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