Unipol Gruppo Finanziario – Clarifications on news issued by the press

Corporate
Friday, October 19, 2007

Reference is made to the news published by the press on the activities carried out by Lehman Brothers, the advisor entitled by Banca Popolare di Milano S.c.ar.l. to explore strategic growth options for the BPM Group. In relation to these activities, in the past days the aforesaid press media reported that a short list of potential candidates had been identified – also including Unipol Gruppo Finanziario S.p.A. – with which Lehman Brothers would have started preliminary talks on possible alliances, so as to subsequently report to BPM’s Strategic Committee.