UBI Banca Group

2016 (from 1 st January 2020 in the case of the investment in Popolare di Ancona), to exercise
a put option on the same investments at a price equal to the fair value at the time of exercise.
10.5 Commitments relating to equity investments in companies subject to joint control
Commitments connected with the possible payment of further tranches of the price
Nothing to report.
10.6 Commitments relating to equity investments in companies subject to significant
influence
Commitments relating to the possible exercise of options
Lombarda Vita Spa: as part of the renewal of life banc assurance agreements with the
Cattolica Assicurazioni Group concluded on 30 th September 2010, the options on the
respective investments in the Lombarda Vita joint venture were reformulated with purchase
options only, exercisable on the basis of the occurrence of predetermined conditions.
Lombarda China Fund Management Company: the partnership agreement signed between
UBI Banca and Goudu Securities Banca Ltd in the asset management sector, focused on the
Chinese market, involves a series of intersecting put and call options which can be exercised if
determined trigger events occur concerning the respective investment held in Lombarda China
Fund Management.
Recapitalisation commitments
Aviva Vita Spa: on 13 th February 2012, a shareholders meeting of Aviva Vita passed a
resolution to increase the share capital by a total of €15 million (€7.5 million attributable to
UBI Banca), in order to provide a more adequate solvency margin, which could be eroded by
possible fluctuations in the prices of government securities held in portfolio. It granted the
Board of Directors a mandate to request the payment if the solvency margin should fall below
the stability threshold of 120%.
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