Poste Italiane: Board of Directors resolves on the merger by incorporation of Poste Tutela S.p.A. within Poste Italiane S.p.A.

Rome, 9 November 2017 - The Board of Directors of Poste Italiane S.p.A. ("Poste Italiane") met today under the chairmanship of Maria Bianca Farina to resolve on the merger by incorporation - previously disclosed to the market in the press release of 20 September 2017 - of Poste Tutela S.p.A. ("Poste Tutela"), entirely controlled by Poste Italiane, within Poste Italiane itself.

The resolution was taken by the Board of Directors and not the Shareholders' Meeting - under the terms of article 20.2 of the Company By-laws and article 2505, paragraph 2, of the Civil Code - this being a simplified merger involving a fully owned subsidiary.

The merger was also approved today by the Board of Directors of Poste Tutela. Once the legal term has elapsed the companies will proceed to the signing of the deed of merger.

The minutes of the resolution taken today by the Poste Italiane Board of Directors will be published in accordance with the terms and procedures of law. For full details on the operation, please see the terms of the merger plan (approved by the Board on 20 September 2017) and the additional documentation already available on the Company web site.

For more information:

Poste Italiane S.p.A. - Press Office Pierpaolo Cito

Head of Press Office Tel. +39 0659589008

Mail citopier@posteitaliane.it

Poste Italiane S.p.A. - Investor Relations Alessandro Baj Badino

Head of Investor Relations Tel. +39 0659584716

Mail alessandro.bajbadino@posteitaliane.it