Unipol Assicurazioni - Increase in the price of the PTO on BNL and postponement of the cash confirmation

With reference to the option agreement involving 65,281,000 BNL ordinary shares signed by Unipol Assicurazioni and Deutsche Bank AG - London Branch (‘DB’) on 18 July 2005 and then supplemented on 13 August 2005, in order to clarify DB’s commitment not to tender the shares covered by this agreement either in the PTO launched by Unipol on BNL ordinary shares or in any other offer that would be launched within the thirtieth day following the end of the aforesaid PTO (the ‘Option Agreement’), the following is hereby clarified:
(i) Unipol Assicurazioni disclosed to the public the termination of the Option Agreement on 18 July 2005 within a press release announcing the launch of the PTO on BNL, as well as by publishing a summary in the newspaper ‘Il Sole 24 Ore‘ on 26 July 2005;
(ii) the Supervisory Authorities were sent the Option Agreement on 21/22 July 2005 and, later, its relevant supplements;
(iii) the Offer Document published by Unipol Assicurazioni on 14 September 2005 includes, as confirmed by CONSOB regulation as following referred to, ‘complete and detailed information on the agreements with DB, the content of which has been fully disclosed’.