Banca Generali S p A : Illustrative report on the Long-term incentive plan for 2021 pursuant to Article 114-bis of TUF

This document has been translated from that issued in Italy, from the Italian into the English language, solely for the convenience of international readers. The Italian version remains the definitive version. ILLUSTRATIVE REPORT. OF THE BOARD OF DIRECTORS OF BANCA GENERALI S.P.A.