Cologne - Assicurazioni Generali S.p.A., Trieste, Italy ("Assicurazioni Generali"), today notified the management board of Generali Deutschland Holding AG, Cologne ("Company"), that Generali Beteiligungs-GmbH, Aachen, a 100% subsidiary of Assicurazioni Generali, has entered into purchase agreements on shares of the Company, containing the unconditional obligation to transfer the shares of the Company to Generali Beteiligungs-GmbH. After the execution of such transfer to Generali Beteiligungs-GmbH, Assicurazioni Generali will hold, directly and indirectly, more than 95% of the share capital of the Company according to § 327a para. 2, § 16 para. 4 AktG. Assicurazioni Generali thereby would be principal shareholder (Hauptaktionär) of the Company within the meaning of § 327a para. 1 sentence 1 AktG.

Assicurazioni Generali further announced that, after Generali Beteiligungs-GmbH has become the owner of the purchased shares, it will submit a request on the transfer of the shares of the remaining shareholders pursuant to§§ 327a et seq. AktG (Squeeze-Out) and will ask the Company to take all necessary measures and steps that the shareholders' meeting of the Company in due course can resolve on the transfer of the shares of the minority shareholders to Assicurazioni Generali S.p.A. in return for the payment of an adequate cash compensation.

Generali Deutschland Holding AG
The Management Board

Generali Deutschland Group
With a premium income of about € 17.2 bn and over 13.5 million customers, the Generali Deutschland Group is the second-largest primary insurance group in the German market. The Generali Deutschland Group includes companies such as Generali Versicherungen, AachenMünchener, CosmosDirekt, Central Krankenversicherung, Advocard Rechtsschutzversicherung, Deutsche Bausparkasse Badenia and Dialog as well as the Group-owned service providers Generali Deutschland Informatik Services, Generali Deutschland Services, Generali Deutschland Schadenmanagement and Generali Deutschland SicherungsManagement.

Contact Generali Deutschland Holding AG
Dr. Andrea Timmesfeld
Head of Corporate Communication
Tunisstrasse 19-23
50667 Cologne (Germany)

Phone: +49 (0) 221 4203-1116
Fax: +49 (0) 221 4203-3830
E-Mail: presse@generali.de
http://www.generali-deutschland.de
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