Unipol Assicurazioni - Reveiced ISVAP authorization for issuing the subordinated loan

Corporate
Tuesday, October 25, 2005

With reference to the fundraising methods of the public tender offer on BNL ordinary shares (the ‘Offer’) launched by Unipol Assicurazioni on 16 August 2005, the following is hereby communicated.
After starting the share capital increase of €2.6bn - the rights issue of which will end on 28 October 2005 and the subscription of which is fully guaranteed by a syndicate of international banks - and after acquiring the right to dispose of up to 35% of the subsidiary Aurora Assicurazioni S.p.A.’s share capital, for a total of €751.7m, it is hereby communicated that the procedure provided for by ISVAP Ruling 2322 of 6 December 2004 has also been successfully completed.