Notices concerning UnipolSai Governance

With reference to the governance requirements imposed by the insurance Supervisory Authority when authorizing the acquisition of a controlling stake in the former Premafin/Fondiaria Sai Group, and in particular with regard to the need to ensure that, within a maximum period of 18 months from the effective date of the merger of Unipol Assicurazioni S.p.A., Milano Assicurazioni S.p.A., Premafin HP S.p.A. into Fondiaria-Sai S.p.A., as a result of which UnipolSai Assicurazioni S.p.A. (“UnipolSai”) was established, two separate Chief Executive Officers be appointed in Unipol Gruppo Finanziario S.p.A. (“UGF”) and in UnipolSai, notice is hereby given of the following:

• in order to ensure a continuity of management objectives and an appropriate degree of coordination and supervision of the above companies during the remaining phases of the integration process now under way, the Unipol Group requested I.V.A.S.S. to extend the period to comply with the aforesaid requirement, originally set at 6 July 2015, until the date of approval of the financial statements for the year 2015, when the mandates of the Board of Directors of UGF and UnipolSai expire and the time span of the respective Business Plans 2013-2015;
  
  
• I.V.A.S.S. accepted the same believing that the observations made by the Unipol Group in support of the request for an extension included aspects worthy of consideration. Therefore, the period referred to above should be understood as extended until the date of approval of the financial statements for the year 2015. The Supervisory Authority at the same time requested that greater impetus should be given to the activities of the Executive Committee in order to encourage a rebalancing of powers between the executive bodies of UnipolSai.

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