Assicurazioni Generali

Capital/Financing Update • Jan 5, 2026

; 3.1

Data/Ora Ricezione : 5 Gennaio 2026 17:00:07

Oggetto : Generali announces early redemption of

Perpetual Fixed/Floating Rate Notes

Testo del comunicato

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05/01/2026 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 GBP350,000,000 6.269% Perpetual Fixed/Floating Rate Notes

Trieste – Assicurazioni Generali S.p.A. (the "Issuer") hereby announces that it has elected to exercise the option to redeem, on the 5 February 2026 (the "Regulatory Event Redemption Date"), in accordance with Condition 6(b) (Redemption due to a Regulatory Event), all outstanding notes the details of which are set out below (the "Notes"):

Description of the Notes: GBP350,000,000 6.269% Perpetual Fixed/Floating Rate Notes issued by Assicurazioni Generali S.p.A. on 16 June 2006.

ISIN Code: XS0257010206

Coupon: 6.269% per annum up to (and excluding) 16 June 2026, subject to the terms and conditions of the

Notes.

Current outstanding principal amount of the Notes: GBP350,000,000

Make Whole Amount: 104.719%

Listing: Luxembourg Stock Exchange

In accordance with Article 308b (Transitional measures) of the Solvency II Directive, the Notes have ceased to qualify as Tier 1 basic own funds on 1 January 2026.

The Issuer has given notice to the Noteholders that, in accordance with Condition 6(b) (Redemption due to a Regulatory Event), the outstanding Notes will be redeemed in full on the Regulatory Event Redemption Date, at the Make Whole Amount, subject to the terms and conditions of the Notes.

The Issuer has informed Istituto per la Vigilanza sulle Assicurazioni (IVASS) of its intention to redeem 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.

www.generali.com 2