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04/11/2002

The Mediolanum Group discloses Q1 2002 Preliminary Results

Consolidated assets under administration +21%
Net inflows of managed savings +11%
Record life net inflows +44%
Gross premiums written +54%
Banca Mediolanum licensed financial advisors +24%



The Mediolanum Group closed the first quarter of 2002 posting satisfying results, particularly considering the prolonged period of uncertainty in the economy.

Consolidated Assets under Administration, despite the considerable depreciation due to the negative performance of the stock market, reached about 22.3 billion Euro, increasing 21% in twelve months (18.4 billion Euro as at 31 March, 2001).
Excluding the assets of the new ventures (Banca Esperia and the controlled foreign groups´ Fibanc and Gamax), assets grew by 15% during the period, to around 18.8 billion Euro, (16.3 as at 31 March, 2001).

With reference to Italy (Core business), the results were as follows:
Milan, April 11, 2002


Last update: April 11, 2002 - 15:00