23 April 2020

The AGM approves the 2019 Financial Statements

Banca Generali's Shareholders' Meeting addressed the items on the agenda during a session held, exceptionally, at the office of Notaries Paparo and Dado of Trieste to respond regulatory provisions related to the Covid epidemic19.

In particular, the Assembly has among others:

• approved the individual financial statements for the year 2019 which closed with a consolidated net profit of € 272.1 million (€ 180.1 million in 2018);
• took note of the consolidated non-financial declaration;
• has agreed to distribute a dividend of 1.55 euros per share between 15 October and 31 December 2020 and a dividend of 0.30 euros per share between 15 January and 31 March 2021;
• has established that the payment of both tranches of the aforementioned dividend should be made subject to the prior verification of the existence, (i) of the conditions indicated by ECB Recommendation 2020/19, (ii) of compliance with the provisions and supervisory guidelines in force at the time and ( iii) the maintenance of an individual and consolidated Total Capital Ratio higher than 9.2% and 13.0% respectively;
• authorized the purchase of 491,000 treasury shares;

At the end of the Shareholders' Meeting, the President Giancarlo Fancel released a video message addressed to all shareholders.