Banca Mediolanum : PRESS RELEASE

PRESS RELEASE

€ 311 million in Total Net Inflows for the Group; 1,998 million YTD

€ 617 million in Mutual Fund Net Inflows; 2,385 million YTD

Banca Mediolanum S.p.A. announces business results for the month of May 2017.

Group Total Net Inflows amounted to € +311 mn.In particular, Net Inflows into Mutual Funds & Managed Accounts were at € +617 mn.

NET INFLOWS - data in € mn	May 2017	YTD 2017
- Net Inflows into Managed Assets & similar	578	2,139
o/w Net Inflows into Mutual Funds, U-L &Managed Accounts	617	2,385
- Net Inflows into Administered Assets & similar	(267)	(141)
GROUP TOTAL NET INFLOWS	311	1,998

YTD 2016

1,111

1,350

1,565

2,676

In more detail:

- Net Inflows into Managed Assets & similar	540	1,891	928
o/w Net Inflows into Mutual Funds, U-L & Managed Accounts	559	2,093	1,141
- Net Inflows into Administered Assets & similar	(282)	(159)	1,615
ITALY - TOTAL NET INFLOWS	258	1,732	2,543

- Net Inflows into Managed Assets & similar	37	248	183
o/w Net Inflows into Mutual Funds, U-L & Managed Accounts	58	291	209
- Net Inflows into Administered Assets & similar	15	19	(50)
FOREIGN MARKETS- TOTAL NET INFLOWS	53	266	133

Preliminary data subject to change

"The month of May confirmed an excellent level of mutual fund inflows, which once again exceeded 600 million euros. The flows benefitted greatly from the success of the Banca Mediolanum PIRs (Individual Savings Plans), which are receiving a great deal of liquidity," said Massimo Doris, CEO of the Bank. "I am proud of the results we have achieved especially if you consider that the more than one billion in PIR inflows will be invested in support of the Country, and in particular, directly in small and medium-sized enterprises. I'm convinced that the PIRs represent an excellent investment for our customers besides providing a boost to the recovery of the Italian economy."

Basiglio - Milano 3 City, June 7, 2017 Contacts:

Media Relations Investor RelationsRoberto De Agostini Alessandra Lanzone

Tel. [phone] Tel. [phone]

e-mail:[e-mail]-mail:[e-mail]

The Officer responsible for preparing Banca Mediolanum S.p.A accounting documents, Angelo Lietti declares that, in compliance with the requirements of the second paragraph of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books.