SNAI : PR_Filing plan of merger by incorporation of Società Trenno S.r.l. into SNAI S.p.A.

PRESS RELEASE

(pursuant to art. 114 of Legislative Decree 58/98)

Filing plan of merger by incorporation of Società Trenno into SNAI

Milan, December 19, 2016 - SNAI S.p.A. ("SNAI" or the "Surviving Company") hereby communicates that today has been filed with the Companies Register in Milan the joint plan of merger by incorporation of Società Trenno S.r.l. ("Trenno" or the "Absorbed Company") into SNAI, whereas such plan has been previously approved on December 16, 2016 by the Board of Directors of both companies in accordance to Articles 2501-ter and 2505 of the Italian Civil Code given that SNAI holds the entire corporate capital of the Absorbed Company.

Pursuant to Article 2501-septies of the Italian Civil Code and Article 70, paragraph seven of the CONSOB regulation no. 11971, May 14, 1999 (the Listed Companies Regulation), such joint merger plan, including the financial statements of both Surviving Company and Absorbed Company, are made available to the public at SNAI registered office in Milan, Piazza della Repubblica no. 32, on the website www.grupposnai.it (under "Investor Relation/Documenti societari" section), at Borsa Italiana S.p.A. and on the authorized regulated information storage mechanism NIS-Storage (www.emarketstorage.com).

Financial statements of the last three years of SNAI and Trenno are made available to the public at SNAI registered office in Milan, Piazza della Repubblica no. 32.

Given that the Absorbed Company is wholly owned by the Surviving Company and pursuant to Article 2505, paragraph 2, of the Italian Civil Code and to SNAI By-laws, the decision on the merger falls within the competence of the Board of Directors of SNAI. Shareholders of SNAI representing at least the 5% of the share capital, within eight days after the filing of the joint merger plan, could make a request to defer - pursuant to Article 2505, paragraph 3 of the Italian Civil Code - the approval of the joint merger plan to the Extraordinary Shareholders' Meeting.

On this basis, shareholders should be aware that any request must be sent in writing - even by e-mail - to the SNAI registered office (Milan, Piazza della Repubblica no. 32, FAO Dott. Chiaffredo Rinaudo), from Monday to Friday, 9.00 to 17.00, or alternatively by PEC (certified e-mail) at [e-mail], by (and not over) December 27, 2016 (included). Any request must also include certification attesting the ownership of the shares in accordance with the applicable law.

For more information

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Press Office and Investor Relations Ad Hoc Communication Advisors

Press Office - [e-mail] Giorgio Zambeletti - Tel. [phone] e-mail: [e-mail]

IR Team - [e-mail] Demos Nicola - Cell. 335.1415583 e-mail: [e-mail]

All press releases issued by SNAI S.p.A. pursuant to article 114 of Legislative Decree 58/98 and the related implementing provisions are also available on the company's website at www.grupposnai.it and at www.emarketstorage.com