Statement after Board of Directors

Milan – Assicurazioni Generali Board of Directors, chaired by Gabriele Galateri di Genola, has decided on the proposal of the Group CEO - and following the positive opinion of the Nomination and Remuneration Committee – on the appointment of Isabelle Conner, Group Chief Marketing & Customer Officer and Monica Alessandra Possa, Group Chief HR & Organization Officer to the Group Management Committee (GMC). The Board of Directors has resolved to terminate by mutual agreement the working relationship with Valter Trevisani, Group Chief Insurance Officer (GCInsO). The Managing Director and Group CEO, Philippe Donnet, will assume with immediate effect the role on an interim basis. Mr. Trevisani will leave the Group on 31 October 2017.

The Group CEO Philippe Donnet said: "I thank Valter Trevisani for his profound commitment and for the great work he accomplished at Generali and I am happy to announce the expansion of the GMC with the addition of two excellent professionals, who are responsible for Marketing and HR, which are functions of strategic importance to the Group".

It should be noted that the Group Chief Insurance Officer is a related party of the Company as he is a manager with strategic responsibilities. The conditions for the termination of the working relationship were approved by the Appointments and Remuneration Committee and are in line with the Group Remuneration policy approved by Shareholder’s meeting and do not exceed the materiality thresholds set out in article 4(1)(a) of Consob Regulation 17221/2010.

As of today, Valter Trevisani holds 28.577 shares in Assicurazioni Generali SpA.