Assicurazioni Generali

Capital/Financing Update • Apr 13, 2023

Informazione Regolamentata n. 0018-29-2023		Data/Ora Ricezione 13 Aprile 2023 19:14:01	Euronext Milan
Societa'	:	ASSICURAZIONI GENERALI
Identificativo Informazione Regolamentata	:	175223
Nome utilizzatore	: ASSGENERN06 - CATALANO
Tipologia	:	REGEM; 3.1
Data/Ora Ricezione	:	13 Aprile 2023 19:14:01
Data/Ora Inizio Diffusione presunta	:	13 Aprile 2023 19:14:03
Oggetto	:	Generali successfully concludes the placement of its fourth green bond
Testo del comunicato

Vedi allegato.

13/04/2023 PRESS RELEASE

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 AND RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THE TENDER OFFER MEMORANDUM

Generali successfully concludes the placement of its fourth green bond

Trieste – Assicurazioni Generali S.p.A. ("Generali") has placed today a new Euro denominated Tier 2 bond due 20 April 2033 (the "New Notes") issued in "green" format in accordance with its Sustainability Bond Framework. This transaction is in line with Generali's sustainability commitment.

The New Notes are being issued in conjunction with the cash buyback offer announced by Generali on 13 April 2023 for its €1,500,000,000 4.596% Fixed-Floating Rate Perpetual Notes (XS1140860534) (the Notes), targeting to buyback up to €500,000,000 in aggregate principal amount of Notes. The buyback offer is expected to expire at 5.00 p.m. (CET) 19 April 2023.

The New Notes have, during the book building process, attracted an order book of €3.9 billion, more than 7 times the offered amount, from around 300 highly diversified international institutional investor base including a significant representation of funds with Green/SRI mandates.

The terms of the New Notes are as follows:

Issuer: Assicurazioni Generali S.p.A. Issue Expected Rating: Baa2 / BBB (Moody's / Fitch) Amount: €500,000,000 Launch date: 13 April 2023 Settlement date: 20 April 2023 Maturity date: 20 April 2033 Coupon: 5.399% p.a. payable annually in arrear First coupon date: 20 April 2024 Issue price: 100% Listing: Luxembourg Stock Exchange, ExtraMOT PRO and Lux Green Exchange

BNP Paribas, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Barclays Bank Ireland PLC, Commerzbank Aktiengesellschaft, Mediobanca – Banca di Credito Finanziario S.p.A. and Société Générale are acting as Joint Lead Managers & Bookrunners.

Generali Group CFO, Cristiano Borean, commented: "The placement of our fourth green bond is another important step in the Group's sustainability journey. The excellent reception that we have received from the market is a confirmation of our strong relations with credit investors. The transaction will further extend the average maturity of our debt, consistent with our proactive approach in shaping the debt maturity profile."

Investor Relations www.generali.com T +39.040.671402 ir@generali.com

Generali @GENERALI generaligroup GruppoGenerali

THE GENERALI GROUP

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 81.5 billion in 2022. With 82,000 employees serving 68 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali's strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.