Unipolsai

Capital/Financing Update • May 15, 2024

Informazione Regolamentata n. 0230-105-2024	Data/Ora Inizio Diffusione 15 Maggio 2024 09:23:42		Euronext Milan
Societa'	:	UNIPOLSAI
Identificativo Informazione Regolamentata	:	190728
Utenza - Referente	:	UNIPOLSAIN02 - Nerdi
Tipologia	:	3.1
Data/Ora Ricezione	:	15 Maggio 2024 09:23:42
Data/Ora Inizio Diffusione	:	15 Maggio 2024 09:23:42
Oggetto	:	Press release UnipolSai - Issuance by Unipolsai Assicurazioni S.p.A. of a subordinated "Tier 2" instrument
Testo del comunicato

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION 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 OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

ISSUANCE BY UNIPOLSAI ASSICURAZIONI S.P.A. OF A SUBORDINATED "TIER 2" INSTRUMENT IN DEMATERIALISED FORM FOR A NOMINAL AMOUNT OF UP TO EURO 750 MILLION

Bologna, 15 May 2024

The Board of Directors of UnipolSai Assicurazioni S.p.A. ("UnipolSai" or the "Company") authorised the issuance by the Company of a Euro-denominated, fixed rate subordinated Tier 2 instrument, to be issued in dematerialised form and to be held through Euronext Securities (formerly Monte Titoli), for a maximum nominal amount of up to Euro 750 million (the "Issuance" and the "Tier 2"). The Tier 2 will be distributed exclusively among domestic and international qualified investors (with the exception of US investors) and is expected to be listed on the professional segment of the Luxembourg Stock Exchange's regulated market.

The managing body of the Company has also mandated the Chief Executive Officer to implement the transaction in one tranche, subject to appropriate market conditions, to set out its final terms and conditions, including its principal amount, issue date, issue price and final fixed rate coupon on best market conditions, reserving the right to postpone the Issuance and the subscription of the Tier 2 considering the existing economic environment, so as not to prejudice the outcome of the transaction.

BNP Paribas, Goldman Sachs International, IMI Intesa Sanpaolo, J.P. Morgan SE and Mediobanca – Banca di Credito Finanziario S.p.A. will act as joint lead managers on the Issuance.

For the purpose of efficient management of its liabilities and subject to the successful outcome of the Issuance, UnipolSai's Board of Directors resolved to allow the Company to exercise, in accordance with the authorisation received by IVASS, the early redemption option on the subordinated perpetual instrument "Euro 750,000,000 Fixed/Floating Undated Subordinated Notes" (XS1078235733) on its first applicable call date falling on 18 June 2024 and, if more appropriate, on any subsequent dates on which the early redemption option may be exercised pursuant to the relevant documentation. The transaction will contribute to limit the financial leverage of the Company.

UnipolSai will meet with potential institutional investors today to present the transaction to the market.

UnipolSai Assicurazioni S.p.A.

UnipolSai Assicurazioni S.p.A. is the insurance company of the Unipol Group, Italian leader in the Non-Life Business, in particular in the MV and Health businesses. Also active in Life Business, UnipolSai has a portfolio of over 10 million customers and holds a leading position in the national ranking of insurance groups with direct income amounting to €15.1bn, of which €8.7bn in Non-Life Business and €6.4bn in Life Business (2023 figures). The company has the largest agency network in Italy, with more than 2,300 insurance agencies spread across the country. UnipolSai is also active in direct MV insurance (Linear Assicurazioni), transport and aviation insurance (Siat), health insurance (UniSalute) and supplementary pensions and covers the bancassurance channel (Arca Vita and Arca Assicurazioni). It also manages significant diversified assets in the following sectors: property, hotel (Gruppo UNA), medical-healthcare (Centro Medico Santagostino) and agricultural (Tenute del Cerro). UnipolSai Assicurazioni is a subsidiary of Unipol Gruppo S.p.A. and is also listed on the Italian Stock Exchange.

Unipol Gruppo

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 €15.1bn, of which €8.7bn in non-life and €6.4bn in life (2023 figures). Unipol adopts an integrated offer strategy and covers the entire range of insurance products, operating primarily through the subsidiary UnipolSai Assicurazioni. The Group is also active in direct MV insurance (Linear Assicurazioni), transport and aviation insurance (Siat), health insurance (UniSalute) and supplementary pensions and covers the bancassurance channel (Arca Vita and Arca Assicurazioni). It also manages significant diversified assets in the following sectors: property, hotel (Gruppo UNA), medical-healthcare (Centro Medico Santagostino) and agricultural (Tenute del Cerro). Unipol Gruppo S.p.A. is listed on the Italian Stock Exchange.

Fine Comunicato n.0230-105-2024	Numero di Pagine: 4
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