PRESS RELEASE INDEPENDENCE OF DIRECTORS EVALUATED Bologna, December 18, 2012 - Following the appointment of the new Board of Milano Assicurazioni S.p.A. by the Shareholders' Meeting of November 30, 2012, the Board of Directors of the Company today considered the independence of the new directors.

Following the evaluations made at today's meeting - in which each Director was considered individually through applying the principles of international best practice, which places particular importance of the "substantial" independence criteria - the Board of Directors declared the independence of, in accordance with Article 147-ter of Legs. Decree 58/98 and the Self- Governance Code of listed companies, the Directors Angela Carla, Bocci Silvia, Brancadoro
Gianluca, De Benetti Cristina and Rizzi Antonio.

Press Office Stefano Genovese Claudia Galassi

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Investor Relations Giancarlo Lana Floriana Amari

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Tel. +39 02-64022574 investorrelations@fondiaria-sai.it

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Pietro Cavalletti

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