Joint press release Fondiaria-Sai S.p.A. and Milano Assicurazioni S.p.A.

FONDIARIA-SAI S.p.A. and Milano Assicurazioni S.p.A. announce that, with order of March 25, 2010 (filed on March 26, 2010), the Lazio Regional Administrative Court – Section III-Ter has suspended the efficacy of art. 3, paragraph 4, of Ministerial Decree No. 186 of April 24, 1997, articles 4 and 45 of ISVAP Regulation No. 10 of January 2, 2008 and ISVAP provisions of February 18, 2010, under which the ineligibility was declared - in accordance with art. 76, paragraph 2, of the Private Insurers Code – of Ms. Giulia Maria Ligresti from the offices of Director and Vice Chairman of FONDIARIA-SAI S.p.A. and Director of Milano Assicurazioni S.p.A. and of Ms. Maria Luisa Mosconi from the offices of Alternate Auditor of FONDIARIA-SAI S.p.A. and Standing Auditor of Milano Assicurazioni S.p.A. and who have already however been provisionally re-appointed to their respective offices in the respective companies following the decree issued by the President of the Lazio Regional Administrative Court – Section III-Ter of March 5, 2010.

The Lazio Regional Administrative Court – Section III-Ter has scheduled a hearing on the matter for June 17, 2010.

Please read pdf document.