The Chairman of Finsoe SpA thanks Salvatori for the work he has done and announces that he will propose Carlo Cimbri as UGF's new Chief Executive Officer

The Chairman of Finsoe SpA – the holding company that owns the absolute majority of the ordinary share capital of Unipol Gruppo Finanziario Spa (UGF) – has paid tribute to Dr Carlo Salvatori for the work he has done as Chief Executive Officer over the last three and a half years as a result of his announcement today to UGF's Board of Directors of his decision to leave the Group at the end of his current term of office.

The Chairman of Finsoe now intends to propose UGF's current General Manager, Carlo Cimbri, for the post of Chief Executive Officer at the Shareholders' Meeting in Spring 2010.