Press Release

As requested by Consob, and with reference to the articles that have appeared in the press regarding the securities lending transaction involving Assicurazioni Generali shares disclosed in the press release issued on 23 September 2021, Mediobanca, under the terms of the contract signed, hereby clarifies that it is fully legitimate to exercise at the Annual General Meeting of Assicurazioni Generali to be held shortly the voting rights in respect of the shares borrowed.

In this regard, Mediobanca reiterates that the aim of the aforementioned securities lending transaction is to protect its proprietary investment which, at market value, is equivalent to approximately €4 billion and whose economic contribution is part of the financial objectives set out in the Bank's current three-year plan.

Milan, 11^th April 2022