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 amounted to €131 million in August (€1,724 million YTD)

Net inflows of managed products reached

€117 million (€1,941 million YTD)

Milan, 5 September 2013 - Total net inflows of Banca Generali in August amounted to €131 million, of which €106 million gathered by the Banca Generali network (€1.064 million YTD) and

€25 million gathered by the Banca Generali Private Banking (€660 million YTD).

The severe market volatility of the past few weeks has further heightened customers' attention towards investment advisory, as shown by the positive net inflows performance. The recent recruitment of high-profile professionals at the beginning of the summer also contributed to this result. The prudent and attentive portfolio requalification strategy that has been pursued over the past several months continues to meet with a high degree of approval from investors. This was further confirmed by €117 million net inflows of managed products.

Net inflows have reached €1,724 million YTD, thus exceeding in just eight months the €1,602 million net inflows reported for full year 2012. Net inflows of managed products proved particularly significant, as they neared €2.0 billion YTD, with an increase of about 20% compared to full year

2012.

In line with previous months, most net inflows in August (€79 million) were generated by funds and SICAVs, which brought the YTD figure to €1,220 million, accounting for over 70% of total net inflows.

The market complexity also continued to fuel interest in insurance solutions, whose effective capital guarantee and defensive investment components generated €59 million life new business for the month, with a total of €840 million YTD.

The CEO of Banca Generali, Piermario Motta, commented: "Our August result bears witness to the high level of professionalism of our investment advisors. Against the backdrop of exceptional stock market volatility, they remained at customers' sides even during the traditional vacation period to promptly and accurately face the challenges posed by the market. The constant increase in inflows of managed assets reflects the strong focus on portfolio diversification and the quality of our various solutions aimed at safeguarding investors. These factors have set our bank apart for years and allow us to look with confidence towards our prospects for the coming months."

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PRESS RELEASE


A) NET INFLOWS AND LIFE NEW BUSINESS IN AUGUST 2013

Million of Euros Aug 2013 Jul 2013 Abs. Chg

Mutual Funds 79 121 -42

Asset Management -6 3 -9

Mutual Funds and Managed Portfolio 73 124 -51

Life Insurance 44 113 -69

Managed Assets 117 237 -120
Non Managed Assets 14 -56 70

of which: Securities -42 45 -87

Total 131 181 -50
Jan-Aug 2013 Jan-Aug 2012 Abs. Chg

Mutual Funds 1,220 165 1,055

Asset Management 75 25 50

Mutual Funds and Managed Portfolio 1,295 190 1,105

Life Insurance 646 687 -41

Managed Assets 1,941 877 1,064
Non Managed Assets -217 382 -599

of which: Securities -256 169 -425

Total 1,724 1,259 465
Life New Business
Aug 2013 Jul 2013 Abs. Chg

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

Life New Business 59 130 -71
Jan-Aug 2013 Jan-Aug 2012 Abs. Chg
Life New Business 840 967 -127

***

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.

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