Unipol Gruppo S p A : Corporate›GovernanceResignation of a director and appointment of a new director

RESIGNATION OF A DIRECTOR AND APPOINTMENT OF A NEW DIRECTOR

Bologna, 1 October 2020

At the meeting held today, the Board of Directors of Unipol Gruppo S.p.A ("Unipol" or the "Company") firstly acknowledged the resignation of Mr Paolo Alemagna from his office as Director, for professional reasons.

Mr Alemagna was non-executive and non-independent, and was not a member of any committees. He was appointed by the ordinary Shareholders' Meeting on 18 April 2019 as part of the majority list submitted by the shareholders' agreement regarding Unipol shares. The list included 19 candidates, 18 of whom (including Mr Alemagna) were then elected by said Shareholders' Meeting, along with the first name on the list that came second in terms of numbers of votes. Since the last name on said majority list. in line to replace any outgoing director in accordance with the articles of association, is unable to take up office at the moment due to professional commitments, and since there are no other candidates from that list to elect, the voting list rules provided for under the articles of association do not apply.

The Board therefore appointed Mr Mario Cifiello pursuant to article 2386, first paragraph, of the Italian Civil Code, and the articles of association in effect, as a non-executive Director to replace Mr Alemagna.

The Board of Directors also considered, inter alia, that Mr Cifiello qualifies as non-independent in accordance with both the Consolidated Law on Finance and the Code of Corporate Governance of listed companies.

The newly appointed Director will remain in office until the next Shareholders' Meeting.

The curriculum vitae of Mr Cifiello is available to the public on the Company's website at the address www.unipol.it(Section Governance/Boards and Officials/Board of Directors).

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.

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