Generali exercises the early redemption option in respect of subordinated notes

Trieste - Assicurazioni Generali S.p.A. will exercise the early redemption option (call date 12th December
2022) in respect of all outstanding subordinated notes due December 2042, the details of which are set out
below (the “Notes”):

Description of the Notes: € 1,250,000,000 7.75 per cent. Fixed/Floating Rate Notes duly December 2042
issued by Assicurazioni Generali S.p.A.

ISIN Code: XS0863907522

First Call Date: 12th December 2022

Coupon: 7.75% (to and excluding 12th December 2022)

Current outstanding principal amount of the Notes: € 467,600,000

Early Redemption price: 100%

Listing: Luxembourg Stock Exchange

The early redemption of the Notes has been approved by Istituto per la Vigilanza sulle Assicurazioni (IVASS)
and will take place on 12^th December 2022 with the respect to all Notes currently outstanding, in accordance
with the relevant terms and conditions.