Assicurazioni Generali

Capital/Financing Update • Oct 28, 2025

; 3.1

Data/Ora Ricezione : 28 Ottobre 2025 17:52:00

Oggetto : Generali announces early redemption of its

EUR 1,500,000,000 4.596 per cent. Fixed-

Floating Rate Perpetual Notes

Testo del comunicato

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28/10/2025 PRESS RELEASE

THIS ANNOUNCEMENT IS 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 THIS ANNOUNCEMENT

Generali announces early redemption of its EUR 1,500,000,000 4.596 per cent. Fixed-Floating Rate Perpetual Notes

Trieste – Assicurazioni Generali S.p.A. (the "Issuer") hereby announces that it has elected to exercise the option to redeem, on the interest payment date falling on 21 November 2025 (the "Optional Redemption Date"), all outstanding subordinated notes the details of which are set out below (the "Notes"):

Description of the Notes: EUR 1,500,000,000 4.596 per cent Fixed-Floating Rate Perpetual Notes issued on 21 November 2014 by Generali Finance B.V. (which merged with and was incorporated into the Issuer)

ISIN Code: XS1140860534

Coupon: 4.596% per annum up to (and excluding) 21 November 2025, subject to the terms and conditions of

the Notes

First call date: 21 November 2025

Current outstanding principal amount of the Notes: € 500,443,000

Early Redemption price: 100%

Listing: Luxembourg Stock Exchange

The outstanding Notes will be redeemed in full on the Optional Redemption Date at their principal amount together with interest accrued up to (but excluding) the Optional Redemption Date, subject to the terms and conditions of the Notes.

The early redemption of the Notes has been approved by Istituto per la Vigilanza sulle Assicurazioni (IVASS). Notice of the early redemption has been given to the holders of the Notes.

THE GENERALI GROUP

Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 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.