Ordinary and extraordinary general meetings

Financial statements for the year ended December 31, 2005 and the distribution of a full year dividend of €0.20 eurocents per share approved

Consolidated net profit: €233 million, +42%
Annual dividend: 20 eurocents per share, +43%
Final dividend: 11.5 eurocents per share
Authorization to purchase own shares renewed

At the Ordinary and Extraordinary General Meetings held today in Basiglio (Milan), the shareholders of Mediolanum S.p.A. approved the financial statements for the year ended December 31, 2005 and the distribution of a full year dividend of 20 eurocents per share, including the interim dividend of 8.5 eurocents distributed in December 2005. The final dividend of 11.5 eurocents will be paid out beginning on May 25, 2006 (ex-dividend date May 22, 2006 – coupon n. 12).

The shareholders also:

authorized the Board of Directors to purchase and sell up to 8,000,000 company's own shares, corresponding to 1.10% of share capital (€72,759,692.80), within the limit amount of €80 million, for a period of one year and in any case up until the date of the General Meeting convened to approve the financial statements for the year 2006. That authority enables the Board of Directors to invest in the company's own shares according to stock performance and available liquidity, should the Board consider it appropriate in the interest of the company. Purchases shall be effected at a price which fulfils the requirements of article 5, paragraph 1 of the European Commission Regulation (EC) 2273/2003. Purchases shall be effected on-exchange in accordance with the rules established by Borsa Italiana S.p.A. and in compliance with art. 132 of Legislative Decree 58/98 and article 144-bis, paragraph 1, letter b) of Consob Resolution 11971/99 as subsequently amended.

At the Extraordinary General Meeting the shareholders also resolved:

to amend article 6 of the Company’s Bylaws by replacing “bearing dividend rights from January 1 of the financial year in which shares are issued” with “dividend-bearing” and accordingly amend the resolution passed by the shareholders at the Extraordinary General Meeting of April 12, 2001 authorizing the Board to increase share capital pursuant to art. 2443 of the Italian Civil Code as well as the subsequent related resolutions passed by the Board of Directors as set out in the current text of art. 6 of the Company’s Bylaws.

Basiglio - Milano 3 City, April 27, 2006

Contacts: Media Relations Roberto Scippa Tel +39 02 9049 2902 Fax +39 02 9049 2345 e-mail: gmmedia@mediolanum.it

Investor Relations Alessandra Lanzone Tel +39 02 9049 2039 e-mail: investor.relations@mediolanum.it