Aurora Assicurazioni: The Board Of Directors approved the outlines of the reorganization plan

Corporate
Monday, December 11, 2006

The plan provides for the merger by incorporation of Aurora Assicurazioni into Unipol Assicurazioni.
Prior to the merger, Unipol and Aurora will contribute their insurance businesses into two subsidiaries which they will fully control.
Prior to the merger, Unipol will launch a voluntary public tender offer on all Aurora ordinary shares not already held by Unipol, at a price of €2.45 per share.