Launch of an accelerated book building on 1.913% of the share capital of Assicurazioni Generali Spa to qualified investors

Press release

Launch of an accelerated book building on 1.913% of the share capital of Assicurazioni Generali Spa to qualified investors

Not for publication, distribution, directly or indirectly, in the United States, Canada, Australia, Japan or in any other jurisdiction where such an announcement would be unlawful.

Not for publication, distribution, directly or indirectly, in the United States, Canada, Australia, Japan or in any other jurisdiction where such an announcement would be unlawful.

Milan, 7 luglio 2014 – Fondo Strategico Italiano Spa (FSI) and Cassa depositi e prestiti Spa (CDP) announce that FSI, holding 4.482% of the share capital of Assicurazioni Generali S.p.A., has launched an accelerated bookbuilding, addressed to Italian and foreign institutional investors (including investors meeting the requirements of qualified institutional buyers in the United States pursuant to Rule 144A of the United States Securities Act of 1933, as amended), of no. 29,777,535 ordinary shares of Assicurazioni Generali, equal to 1.913% of its share capital. Remaining 40,000,000 ordinary shares held by FSI, equal to 2.569% of Assicurazioni Generali share capital, were subject to hedging transaction and related stock lending activity, as already announced.

Merrill Lynch International is acting as sole bookrunner.

Bookbuilding will commence immediately, though the right to close the books at any time is reserved. Final terms of the offering will be promptly communicated to the market.

The offering is carried out in the context of the agreement signed by Bank of Italy, Cassa depositi e prestiti Spa and Fondo Strategico Italiano Spa on 19 December 2012, through which FSI committed to sell its stake in Assicurazioni Generali to third parties, on market terms and conditions, within December 31, 2015.


DISCLAIMER: The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change. It may be unlawful to distribute this announcement in certain jurisdictions. These written materials are not for distribution in the United States, Canada, Australia or Japan or in any other jurisdiction where to do so would be unlawful. The information contained herein does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan. This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities mentioned herein in the United States.

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