Azimut Holding: Fitch assigns a “BBB” Rating with Stable Outlook

The information herein does not constitute or form part of any offer to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company in the United States or elsewhere. Neither the information nor any part of it shall form the basis of, or be relied on, in connection with, any contract, commitment or investment decision in relation thereto nor does it constitute a recommendation by the Company regarding the securities of the Company. PRESS RELEASE Azimut Holding: Fitch assigns a "BBB" Rating with Stable Outlook Milan, 13 January 2017

Azimut Holding S.p.A. (AZM.IM) (the "Company") announces that, as of today's date, the rating agency Fitch Rating Inc. assigned to the Company a Long-term Issuer Default Rating (IDR) of 'BBB' and a Short-term IDR at 'F2'. The Outlook on the Long-term IDR is Stable. The release of the rating is instrumental to the launch of a deal-related roadshow reserved to Italian and international qualified investors, in order to better assess the market conditions in connection with the possible issuance by the Company of a fixed rate non-convertible notes (the "Notes") over the next weeks. The Company will be assisted, in the roadshow and placement activities, by J.P. Morgan.

The potential launch of the placement of the Notes is subject to certain conditions, including market conditions, the interest expressed by the potential investors and the price trend of similar instruments on the market, as well as to the final decision by the Company's administrative bodies. The issuance will indicatively has a duration from 5 to 7 years and an amount up to € 300 MM. The interest rate, as market standard, will be fixed upon the completion of the placement of the Notes. The Notes will be reserved for subscription by qualified investors, United States of America and other selected countries. The Notes will be listed on the Luxembourg Stock Exchange.

Azimut is Italy's leading independentassetmanager(activesince 1989). The Parent CompanyAzimut Holdingwaslistedonthe Italian stockexchangeon 7 July 2004 (AZM.MI)and, among others, is a member of the main Italian index FTSE MIB and of the Eurostoxx 600. The shareholder structure includes over 1,400 managers, employees and financial advisors, bound by a shareholders' agreement that controls ca. 13% of the company. The remaining is free float. The Group comprises various companies active in the sale, management and distribution of financial and insurance products, with Registered Offices in Italy, Luxembourg, Ireland, China (Hong Kong and Shanghai), Monaco, Switzerland, Taiwan, Brazil, Singapore, Mexico, Australia, Chile, USA and Turkey. In Italy, Azimut Capital Management SGRsellsandmanages Italian mutualfunds, Italianhedgefunds, aswellas being active in the discretionary management of individual investment portfolios. Furthermore, Azimut Capital Management SGR, following the demerger by incorporation of AzimutConsulenza SIM, distributes Groupandthirdpartyproductsin Italyviaanetworkoffinancialadvisorswhile Azimut GlobalCounselingprovidesconsultingservices. Overseas main operations are AZ Fund (founded in Luxembourg in 1999), which manages the multi strategy funds AZ Fund 1 and AZ Multi Asset and the Irish AZ Life Ltd, which offers life insuranceproducts.

INVESTOR RELATIONS

AZIMUT HOLDING SpA -www.azimut.it

MEDIA RELATIONS

Vittorio Pracca tel [phone] +39.342.0368994 Viviana Merotto tel [phone] +39.338.7496248

Gabriele Blei tel [phone] +39.340.532.9911