Unipol Group - The Board of Directors assessed the 2005 preliminary figures and the 2006 budget

Considerable growth of 2005 income for the Unipol Group;
consolidated net profit in line with 2004. 2006 income from insurance business expected at €11bn, with further growing profitability.

• 2005 aggregate income from insurance business for the companies of the Unipol Group exceeded €10.7bn (+12%)
• IAS/IFRS-compliant consolidated income from insurance business was €8.9bn (+12%), about €4.0bn of which were from Non-Life Premiums, €4.2bn from Life Premiums and €0.7bn from Investment Products
• Customer deposits in banking business exceeded €4.8bn (+12%) and loans were over €3.1bn (+20%)
• On the basis of the preliminary figures, consolidated net profit for the Group is expected to be in line with the 2004 financial year of €244m (IAS/IFRScompliant), net of extraordinary expenses connected with the BNL operation and write downs on shareholdings
• The targeted 2006 income from insurance business for the Group companies is €11bn, consolidated profit for the Group is expected to further increase
• Co-optation of the new Board Members Fabrizio Gillone, Massimo Masotti and Milo Pacchioni.