Unipol Gruppo S.P.A. (“Unipol” Or the “Company”) Hereby Announces the Final Results of Its Invitation to Tender Its Outstanding €500,000,000 4.375 Per Cent

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO OR TO ANY PERSON LOCATED AND RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT. UNIPOL ANNOUNCES THE RESULTS OF ITS TENDER OFFER IN RESPECT OF ITS OUTSTANDING 2021 NOTES Bologna, 21 September 2020 Further to the notice dated 14 September 2020, Unipol Gruppo S.p.A. (“Unipol” or the “Company”) hereby 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) for purchase by the Company (the “Invitation” and the “Outstanding Notes” or the “Notes”) pursuant to the tender offer memorandum (the “Tender Offer Memorandum”) dated 14 September 2020. Capitalised terms used but not defined herein have the meaning ascribed to them in the Tender Offer Memorandum unless otherwise stated. As at 18 September at 17.00 CEST, being the Invitation Expiration, 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 Invitation is subject to (i) the successful completion, at Unipol's sole discretion, of the issuance of the New Notes placed 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 of the New Issue Condition. The settlement for the New Notes is expected to take place on 23 September 2020. Subject to the terms and conditions of the Invitation (including the satisfaction (or waiver) of the New Issue Condition on or prior to the Settlement Date), the Company hereby announces that it will accept for purchase from Holders all Notes tendered in the Invitation as at the Invitation Expiration. The Accrued Interest Amount is €24.45 per Euro 1,000. 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 Accrued Interest Amount in respect of Notes accepted for buy-back by Unipol. Pagina 1 BNP Paribas, Intesa Sanpaolo S.p.A., J.P. Morgan Securities plc, Mediobanca – Banca di Credito Finanziario S.p.A. and UniCredit Bank AG acted as Dealer Managers for the Invitation (together “Dealer Managers”), and are also acting as joint lead managers in the issuance of the New Notes. Lucid Issuer Services Limited has been appointed as tender agent and information agent (the “Tender Agent”). TENDER AGENT Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom Telephone: +44 20 7704 0880 Attention: Arlind Bytyqi Email: [email protected] DEALER MANAGERS BNP Paribas Intesa Sanpaolo S.p.A. 16, boulevard des Italiens Divisione IMI Corporate & Investment Banking 75009 Paris Via Manzoni 4 France 20121 Milan Italy Telephone: +33 1 55 77 78 94 Telephone: +39 02 7261 2919/ 5362 Attention: Liability Management Group E-mail: [email protected] Email: [email protected] Attention: DCM FINANCIAL INSTITUTIONS J.P. Morgan Securities plc Mediobanca – Banca di Credito Finanziario S.p.A. 25 Bank Street Piazzetta Enrico Cuccia, 1 Canary Wharf 20121 Milan London E14 5JP Italy United Kingdom Telephone: +442071342468 Telephone: +39 02 8829 1 Attention: Liability Management Attention: Debt Capital Markets Group Email: Email: [email protected] [email protected] UniCredit Bank AG Arabellastrasse 12 81925 Munich Germany Telephone: +39 02 8862 0701/0629 / +49 89 378 15150 Attention: Debt Capital Markets, Italy / Liability Management E-mail: [email protected]; [email protected] Pagina 2 Unipol Gruppo S.p.A. Unipol is one of the biggest insurance groups in Europe and the leading company in Italy in the non-life insurance sector, (especially in the MV and health businesses), with total premiums of approximately €14.0bn, of which €8.2bn in non-Life and €5.8bn in life (2019 figures). Unipol adopts an integrated offer strategy and covers the entire range of insurance and financial products, operating primarily through the subsidiary UnipolSai Assicurazioni S.p.A. The Group is also active in direct MV insurance (Linear Assicurazioni), transport and aviation insurance (Siat), health insurance (UniSalute), supplementary pensions and also covers the bancassurance channel (Arca Vita, Arca Assicurazioni and Incontra). It also manages significant diversified assets in the debt collection (UnipolReC), real estate, hotel (Gruppo UNA), medical-healthcare and agricultural (Tenute del Cerro) sectors. Unipol Gruppo S.p.A. is listed on the Italian Stock Exchange. Pagina 3.

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