Milan, 3 August 2020 – Banca Generali announces that the implementation of the plan for the buyback of treasury shares in service of the Remuneration and Incentivisation Policies, authorised by the General Shareholders’ Meeting held on 23 April 2020 (as also announced pursuant to Article 144-bis of Consob's Rules for Issuers adopted with Resolution No. 11971/1999), has begun.

Banca Generali announces that, as part of the aforementioned authorisation approved by the Shareholders’ Meeting, it has bought 10,000 treasury shares at the average price of € 25.3084 per share, for a total amount of about € 253,084.

Breakdown of transactions on a daily base: (see Attachment)

Following the purchases made to date, Banca Generali S.p.A. holds a total of 1,321,974 treasury shares, equal to 1.131% of its share capital.