PRESS RELEASE

MILANO ASSICURAZIONI S.p.A.: CONSOLIDATED REPORT AT SEPTEMBER 30, 2012 APPROVED

CURRENT INDUSTRIAL OPERATIONS IMPROVEMENTS CONTINUE

GROUP NET LOSS OF EUR0 11.5 MILLION (LOSS OF EURO 145.1 MILLION IN 9M 2011) ADJUSTED SOLVENCY RATIO AT 1.37

Direct premiums written