Unipol Group - The Bank of Italy resolved not to start the investigation about competition impediments i.r.o. the MTO on BNL

Corporate
Friday, September 16, 2005

As regards the operation aimed at the acquisition of the controlling stake in Banca Nazionale del Lavoro S.p.A. (‘BNL’) by Unipol Assicurazioni through the mandatory Public Tender Offer launched on 1,836,325,334 BNL ordinary shares, please be informed that we have received today the Bank of Italy ruling by which the Supervisory Authority resolved not to start the investigation provided for by Article 16 (4) (6) of Law 287/1990, as the aforesaid operation was deemed not to create or strengthen a dominant position as a result of which competition would be significantly and lastingly eliminated or reduced.