Pursuant to and in accordance with Article 144-bis of CONSOB Resolution No. 11971 of 24 February 1999 (the “Issuers’ Regulation”), it is hereby announced that on 8 August the programme for the purchase of ordinary treasury shares (the “Treasury Shares”) shall begin, as resolved by the Board of Directors of Unipol Gruppo Finanziario S.p.A. (“UGF” or the “Company”) during the meeting held on 3 August 2016 (the “Programme”).

With reference to the press release dated 5 August 2016 regarding the start, on 8 August 2016, of the programme for the purchase of treasury shares (the “Treasury Shares”) by Unipol Gruppo Finanziario S.p.A. (“UGF” or the “Company”) to service the compensation plan based on financial instruments of the performance share type intended for the management staff of the Company for the years 2016- 2018, the following should be noted.

Unipol Gruppo Finanziario S.p.A. hereby announces that on 1 July, after reaching the targets envisaged by the 2013-2015 Strategic Plan, the performance shares provided for by the long-term compensation plan based on financial instruments, approved by the relevant Shareholders’ Meetings, were allocated to the management staff of the Unipol Group. For the sole purpose of allowing management to pay the tax charges arising from such allocation, the sale of a proportionate number of shares granted to Group managers was carried out.