September 2021 Net Inflows: € 1 billion

PRESS RELEASE

September 2021 Net Inflows: € 1 billion

9M 2021 Net Inflows: € 15.3 billion

Milan, 7th October 2021

The Azimut Group recorded total net inflows of ca. € 1 billion in September 2021, thereby reaching € 15.3 billion since the beginning of the year (€ 8.4 billion net of the consolidation of Sanctuary Wealth).

September net inflows benefited from the consolidation of Cranage Financial Group in Australia, becoming part of AZ NGA and overseeing ca. €140 million in assets under administration.

Total Assets under Management stood at € 52.4 billion and including assets under custody reached € 78.6 billion at the end of September.

Gabriele Blei, CEO of the Group, comments: "The Group's growth continued at a strong pace in September, a seasonally weak month for financial activities. Notwithstanding the recent increase in market volatility, the average net performance to clients remains positive at +5%. The current uncertainty on financial markets is pushing our clients and our distribution networks to review the asset allocation of their portfolios, including real economy solutions. We are the only ones offering, through our financial advisors, a diversified range of both liquid and illiquid products, continuing to expand and capture opportunities especially in the private markets area. Lastly, we are focused on continuing our growth internationally, which we consider one of the main pillars of our strategy in terms of development and geographical diversification, and whose assets have now reached 39% of total."

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	Net Inflows	Assets
Data in € million	September	2021	at 30/09/2021	∆ in 2021
Funds(1)	310.1	4,616.4	40,635.3	16.9%
of which Private Markets (2)	30.9	1,523.1	3,584.8	79.0%
Individual Managed Portfolios	141.7	213.3	14,450.7	9.6%
AZ LIFE Insurance	22.1	278.2	6,774.5	9.9%
Advisory(3)	5.8	-155.2	1,862.4	-10.2%
Total Managed Assets(5)	392.1	3,791.7	52,426.7	12.0%
Assets under custody - c/accts	625.3	11,490.1	26,204.2	92.0%
Total Assets	1,017.4	15,281.9	78,630.9	30.1%

(1) Assogestioni does not include assets gathered outside of Italy and entry fees; it includes mutual. hedge and alternative funds

(2) The figure collected for private markets products is entered only upon reaching certain closings, therefore the value does not reflect the actual net inflows made of the month. Including Club Deals

(3) Includes M AX product (fee-based advisory)

(4) Net of double counting

Total Assets Evolution (€bn)

Mutual funds Private Markets Discret.accts Insurance Advisory AuC and c.a.

77.2

26.260.4

			56.3
1.9		13.6		13.0
6.8
		2.1
			2.0
14.5		6.2		5.9
	13.2
		12.6
3.6
37.1		2.0		1.8
	32.8		32.4
09/21	12/20	09/20

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Azimut is one of Europe's leading independent asset manager (active since 1989). The parent company Azimut Holding was listed on the Italian stock exchange on 7 July 2004 (AZM.MI) and, among others, is a member of the main Italian index FTSE MIB. The shareholder structure includes over 2,000 managers, employees and financial advisors bound by a shareholders' agreement that controls ca. 21.8% of the company. The remaining is free float. The Group comprises various companies active in the sale, management and distribution of financial and insurance products, with Registered Offices mainly in Italy, Luxembourg, Ireland, China (Hong Kong and Shanghai), Monaco, Switzerland, Taiwan, Brazil, Egypt, Singapore, Mexico, Australia, Chile, USA, UAE and Turkey. In Italy, Azimut Capital Management SGR sells and manages Italian mutual funds, Italian alternative investment funds, as well as being active in the discretionary management of individual investment portfolios. Furthermore, Azimut Capital Management SGR, following the demerger by incorporation of Azimut Consulenza SIM, distributes Group and third party products in Italy via a network of financial advisors while Azimut Libera Impresa focuses on the Alternatives business. Overseas main operations are Azimut Investments (formerly AZ Fund Management, founded in Luxembourg in 1999), which manages the multi strategy funds AZ Fund 1 and AZ Multi Asset and the Irish Azimut Life DAC, which offers life insurance products.

Contacts - AzimutHolding S.p.A.
www.azimut-group.com
Investor Relations	Media Relations
Maria Laura Sisti (Esclapon & Co.)
Vittorio Pracca
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Galeazzo Cornetto Bourlot	Viviana Merotto
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