PRESS RELEASE

POPOLARE VITA S.P.A.:

THE EXPERT HAS DETERMINED THE SELLING PRICE OF THE SHARES HELD BY UNIPOLSAI

Bologna, 14 November 2017

Unipol Group S.p.A. informs that BDO Italia S.p.A. and BDO AG Wirtschaftsprüfungsgesellschaft - Actuarial Services, in charge of determining the price, in accordance with the shareholders' agreements in place, to be paid by Banco BPM S.p.A. to acquire the shares held by the subsidiary UnipolSai in Popolare Vita S.p.A. (the "Company") (representing 50% of the share capital plus one share), issued their final report today, determining as €1,071m the total value of the Company at 30 June 2017 and, consequently, as €535.5m the selling price of 21,960,001 Popolare Vita shares held by UnipolSai, confirming the evaluation contained in the draft report transmitted to UnipolSai and Banco BPM on 27 October 2017.

Given the intervening distribution of freely available income-related reserves of Popolare Vita S.p.A., unanimously approved by the Shareholders' Meeting on 30 June 2017 (share of UnipolSai equal to

€53.4m), the overall result concerning the disposal of the shares held by UnipolSai amounts to

€588.9m.

Unipol Gruppo S.p.A.

Unipol is one of the main insurance groups in Europe, with total premiums of roughly €14.8bn, of which €7.8bn in Non-Life and €7bn in Life (figures from 2016). Unipol adopts an integrated offer strategy and covers the entire range of insurance and financial products, operating primarily through the subsidiary UnipolSai Assicurazioni S.p.A., founded at the start of 2014 and a leader in Italy in the Non-Life business, particularly MV TPL. The Group is also active in direct MV insurance (Linear Assicurazioni), transport and aviation insurance (Siat), health insurance (UniSalute) and supplementary pensions, and maintains a presence in the bancassurance channel. Lastly, it also operates in the banking realm through the network of Unipol Banca branches and manages significant diversified assets in the real estate, hotel and agricultural (Tenute del Cerro) sectors. Unipol Gruppo S.p.A. is listed on the Italian Stock Exchange.

Unipol Gruppo Barabino & Partners

Media Relations Fernando Vacarini T. +39 051 5077705

pressoffice@unipol.it

Investor Relations

Adriano Donati

T. +39 051 5077933

investor.relations@unipol.it

Massimiliano Parboni T. +39 335 8304078

m.parboni@barabino.it

Giovanni Vantaggi T. +39 328 8317379

g.vantaggi@barabino.it

Follow us Unipol Gruppo @UnipolGroup_PR http://changes.unipol.it www.unipol.it

Unipol Gruppo Finanziario S.p.A. published this content on 14 November 2017 and is solely responsible for the information contained herein.
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Original documenthttp://www.unipol.it/sites/corporate/files/press_related_documents/pre_ug_popolare-vita_114-11-2017_en.pdf

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