Statement

Milan – In the context of the public exchange offer for all shares of Banca Generali S.p.A. announced by Banca Monte dei Paschi di Siena S.p.A. (“MPS”) on August 21^st, 2026, Generali confirms - in line with the continuous assessment of initiatives aimed at creating value for all stakeholders – its willingness to evaluate MPS’ proposal, which envisages a broader industrial collaboration to develop new growth opportunities across strategically important business areas for both companies.

Generali also confirms that it has initiated a process to thoroughly evaluate the business, economic and value implications of the offer, which is unsolicited and was not agreed upon in advance.

The above processes will be conducted in accordance with Generali’s related-party transaction procedure.