BENI STABILI SIIQ: shareholders agreement for fund mgt company resulting from the merger of Beni Stabili Gestioni and Polaris in Investire Immobiliare

PR Newswire/Les Echos/

Press release

   The shareholders of the future fund management company resulting from the
    merger of Beni Stabili Gestioni SGR and Polaris Real Estate SGR into
      Investire Immobiliare SGR enter into a shareholders' agreement

3 July 2014 - Having regard to the draft terms of merger of Beni Stabili
Gestioni SGR and Polaris Real Estate SGR into Investire Immobiliare SGR,
approved by the respective boards on 27 and 30 June 2014, today Banca Finnat
Euramerica S.p.A., Beni Stabili S.p.A. SIIQ, Regia S.r.l., Fondazione Cariplo,
Cassa Italiana di Previdenza e Assistenza dei Geometri and Fondazione Cassa di
Risparmio di Forlì entered into a shareholders' agreement setting out the rules
of governance and shareholder structure of the company resulting from the
merger, subject to approval by the Supervisory Authority and the fulfillment of
the other conditions precedent contained in the mentioned draft terms of
merger.

Investire Immobiliare SGR is the fund management arm of Banca Finnat and its
activities consist in setting up, placing and managing real estate funds. The
Benetton Group holds a 20% minority stake through its holding Regia S.r.l..
Investire Immobiliare manages a real estate portfolio of around EUR 4.5 billion,
through 9 funds and 2 asset management mandates.

Beni Stabili Gestioni SGR is fully dedicated to the structuring and management
of closed-end real estate investment funds. The company is controlled by Beni
Stabili Siiq, property company leader of the Italian real estate market. Beni
Stabili Gestioni currently manages assets worth about EUR 1. 7 billion through
15 funds.

Polaris Real Estate SGR establishes and manages real estate funds for
institutional investors and promotes real estate development projects, mostly in
the social housing sector. The company, whose main shareholders are Fondazione
Cariplo (48%), Cassa Italiana di Previdenza e Assistenza dei Geometri (43%) and
Fondazione Cassa dei Risparmi di Forlì (9%), currently manages 6 funds, with a
further 3 funds in the set-up stage, besides another 2 funds for which the
company acts as promoter, for an overall estimated commitment of over EUR 1.9
billion, at the end of 2014.

For further information:

Beni Stabili Siiq
Investor Relations -
Lorenza Rivabene - +39.02.3666.4682 - lorenza.rivabene@benistabili.it

Media Contact -
Barbara Ciocca - +39.02.3666.4695 - barbara.ciocca@benistabili.it

PMS Media Relations

Giancarlo Frè - +39.329.4205000 - g.fre@pmsgroup.it

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