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

2013 financial statements and €0.95 DPS (+5.6%) approved by the General Shareholders' Meeting

Trieste, 23 April 2014 - The Extraordinary and Ordinary Shareholders' Meetings of Banca

Generali were held today, chaired by Paolo Vagnone.
During the extraordinary session, the Shareholders' Meeting:
• approved the amendments to Articles 13 and 18 of the Articles of Association in order to bring them into line with (i) the provisions introduced by the Bank of Italy with the Order dated 12 December 2011 concerning risk assets and conflicts of interest for banks and banking groups in relation to Connected Parties, as well as the provisions set forth in the Related Party and Connected Party Transaction Procedure adopted by Banca Generali, (ii) the amendments to Article 136 of Legislative Decree 385/93, and (iii) the provisions of CRD IV (Directive 2013/36/EU), in particular by introducing the power for the Shareholders' Meeting to depart from the 1:1 ratio of the variable to the fixed components of remuneration, upon justified motion by the Board of Directors. The said amendment will become effective upon endorsement of CRD IV into Italian law.
During the ordinary session, the Shareholders' Meeting, inter alia:
• approved the 2013 consolidated financial statements, which showed a net profit of
€141.3 million (+8.8% YOY), and the company's net profit of €94.9 million (-20.1%);
• resolved to distribute a dividend of €0.95 per share (€0.90 in 2012), for a total payout of
€109.6 million. The dividend payment date will be 2 May 2014, with ex-date 19 May and record date 21 May, pursuant to Article 83-terdecies of Consolidated Law on Finance;
• approved the Company's and Group's remuneration policy and acknowledged the report on the implementation in 2013 of the policy approved by the General Shareholders' Meeting of 24 April 2013;
• confirmed Philippe Donnet as a member of the Board of Directors for the remainder of the term of office of the Board and thus until the approval of the financial statements for the year ending 31 December 2014. The resume of the newly confirmed Member of the Board of Directors is available on the corporate website at www.bancagenerali.com, in the section Corporate Governance - AGM.

* * *

Pursuant to applicable laws, the individual and consolidated financial statements, as well as the associated accounting documentation, will be made available to the public at the Company's registered office, its operating offices in Milan at Via Ugo Bassi 6 and the offices of Borsa Italiana

1 / 2


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


S.p.A. as of today, 23 April 2014. The minutes of the General Shareholders' Meeting will also be made available to the public in the same manner and within the terms established by applicable laws and regulations.

* * *

The Manager responsible for preparing the company's financial reports (Stefano Grassi) declares, pursuant to 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

2 / 2
distributed by