Page 1

PRESS RELEASE CONTACTS : www.bancagenerali.com Media Relations Michele Seghizzi Tel . +39 02 40826683 Michele.seghizzi@bancagenerali.i t Investor Relations Giuliana Pagliari Tel : +39 02 408 26548 giuliana.pagliari@bancagenerali.it Increased total assets and operating leverage drive double - digit growth of H1 net profit despite prudential provisions aimed at protecting clients - BANCA GENERALI Net profit : € 190.1 million ( + 44 % ) Recurring net profit¹ : € 83.3 million ( + 23 % ) - Total revenues : € 432.7 million ( + 43 % ) - Core operating costs² : € 101.4 million ( + 4.6 % ) - Results at 30 June 2021 Three - year plan targets relating to total assets and net inflows exceeded - Total assets : € 80.4 billion ( + 17 % ) Assets under Advisory : € 6.8 billion ( + 33 % ) H1 net inflows : € 3.8 billion ( + 35 % ) Dividends and capital solidity confirmed CET1 ratio at 15.3 % and TCR Ratio at 16.5 % - Dividends : € 1.25 floor on 2021 results already allocated , in addition to € 3.3 approved for financial years 2019/2020 Milan , 27 July 2021 - the Board of Directors of Banca Generali approved the consolidated results at 30 June 2021 . Chief Executive Officer and General Manager Gian Maria Mossa stated : “ This was our Bank's best ever half year , driven by sharply growing commercial and financial results , with the positive contribution of all revenue components . We reached our most ambitious three - year plan targets regarding total assets and net inflows six months earlier than forecast : the total assets increase to ¹ Net of performance fees and income ( losses ) from trading , M & As and Covid - 19 - related costs 2 Core operating costs are made up of operating costs net of sales personnel costs , Covid - related donations and expenses linked to the expansion of the consolidation scope to include Nextam and Valeur GENEHALL 1/11