Real estate project portfolio valuation terms sets

Following the press release published on October 15, 2009, to which reference should be made, Fondiaria-SAI S.p.A. and Milano Assicurazioni S.p.A. announce the completion today of an agreement concerning the conferment of a number of properties owned by FONDIARIA-SAI and MILANO ASSICURAZIONI to a newly constituted closed-end real estate fund, with a duration of 10 years, reserved for institutional investors and managed by FIMIT SGR S.p.A.. The Tikal R.E. Fund, a real estate fund managed by Sai Investimenti SGR S.p.A. (a FONDIARIA-SAI Group company) will also take part in the operation through the conferment of one property.

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