Unipol Assicurazioni - Clarifications relating to the PTO on BNL shares

Corporate
Monday, December 12, 2005

The Board of Directors of Unipol Assicurazioni, in a meeting held today, considering the delays of the authorisation process for the acquisition of control over Banca Nazionale del Lavoro – which have been going on for over 4 months – expressed concern about the damage to the Company, its shareholders, as well as BNL shareholders.
The prolongation of this period of uncertainty has been accompanied by a media campaign mainly negative for the Unipol Group, which must, furthermore, operate according to regulation restrictions imposed by the launch of a PTO. The many false and misleading news systematically issued by the press and attributed, without any evidence, to diverse institutions would have required filing complaints in several domestic tribunals, thus absorbing further Group’s resources.