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

2012 net inflows amounted to €1.6 billion, entirely generated by managed products

December total net inflows at €88 million, with net inflows of managed products at

€219 million

Milan, 9 January 2013 - Banca Generali's total net inflows in December amounted to €88 million. Total net inflows for 2012 were €1,602 million, of which €1,131 million gathered by the Banca Generali network and €471 million by Banca Generali Private Banking.

December witnessed a further considerable pick-up of inflows of asset management products compared to the previous months. In further detail, maturing securities and other administered products continued to be transformed into asset management solutions with the aim of diversifying portfolios and maximising return on investment.

Overall, net inflows of managed products amounted to €219 million for the month, compared to outflows of €131 million from administered products.

In all of 2012, total net inflows reached €1,602 million (+27%) and were composed solely of asset management products (€1,627 million or +210%).

Within the asset management category, inflows of funds and portfolio management showed significant growth (€98 million in December and €512 million YTD). Insurance products also continued to register a good performance: life new business amounted to €123 million for the month, bringing the balance since the beginning of the year to €1,430 million.

The CEO of Banca Generali, Piermario Motta, commented: "The net inflows figure achieved in

2012 is one of the best results of all time in terms of both volumes and product mix. We are very proud of this result, which reflects the Bank's strengths: the quality of our financial advisory service, the recognised professionalism of our network, our constant innovation in product offerings, significant investments in technological infrastructure and, last but certainly not least, the strong performances generated for our clients despite the defensive investment approach. We believe that these distinctive factors will allow us to continue to grow in the coming months by successfully meeting the strong demand for financial advice from Italian households."

***

The Manager responsible for preparing the Banca Generali's financial reports (Giancarlo Fancel) 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.

1 / 2

A) NET INFLOWS AND LIFE NEW BUSINESS IN DECEMBER 2012



Million of Euros Dec 2012 Nov 2012 Abs. Chg

Mutual Funds 92 85 7



Asset Management 6 3 3



Mutual Funds and Managed Portfolio 98 88 10

Life Insurance 121 80 41



Managed Assets 219 168 51

Non Managed Assets -131 -117 -14

of which: Securities -255 -37 -218



Total 88 51 37

Jan-Dec 2012 Jan-Dec 2011 Abs. Chg

Mutual Funds 444 -11 455



Asset Management 68 -177 245



Mutual Funds and Managed Portfolio 512 -188 700

Life Insurance 1,115 713 402



Managed Assets 1,627 525 1,102

Non Managed Assets -25 735 -760

of which: Securities -310 626 -936



Total 1,602 1,260 342

Life New Business

Dec 2012 Nov 2012 Abs. Chg

Life New Business 123 90 33

Jan-Dec 2012 Jan-Dec 2011 Abs. Chg

Life New Business 1,430 969 461

2 / 2

distributed by