Unipol concludes the tender offer of approximately euro 86.5 million of outstanding notes

Further to the notice dated 14 September 2020, Unipol Gruppo S.p.A. (“Unipol” or the “Company”) announces the final results of its invitation to tender its outstanding “€500,000,000 4.375 per cent. Notes due 5 March 2021” (ISIN Code: XS1041042828) with maturity date in March 2021 (the “Invitation” and the “Outstanding Notes” or the “Notes”).

As at 18 September at 17.00 CEST, being the Invitation expiration date, the aggregate principal amount of all Notes tendered was Euro 86,471,000, representing approximately 27.25% of the aggregate principal amount of the Outstanding Notes, equal to Euro 317,352,000.

The buy-back of the Notes by Unipol was made pursuant to the Tender Offer Memorandum and is subject to (i) the successful completion, at Unipol's sole discretion, of the issuance of the New Notes offered on 16 September 2020 (the “New Notes”), as announced by the Company in a press release on the same date (the “New Issue Condition”) or (ii) its waiver to the New Issue Condition. The settlement for the New Notes is expected to take place on 23 September 2020.

The Settlement Date for the Invitation is expected to be on or about 25 September 2020. In the event that the New Issue Condition is fulfilled, or Unipol waives the same, the Company will pay the holders of Notes whose Notes have been accepted the consideration for the buyback that is equal, as indicated in the Tender Offer Memorandum, to 101.93% together with the interest accrued but unpaid in respect of Notes accepted for buy-back by Unipol.