Press Releases

Notice

Rome, November 30th, 2004 – Bulgari S.p.A. announces that Paolo and Nicola Bulgari, respectively Chairman and Vice Chairman of the company and members of the shareholders’ agreement, sold today a total number of 5,900,000 shares, equal to about 1.9% of the share capital to Italian and international institutional investors in order to finance personal projects.

Francesco Trapani – Chief Executive Officer of the Bulgari Group, shareholder, family member and member of the shareholders’ agreement - agreed to this operation after having verified that it will not have any impact on the control of the company and being confident that it will not cause consequences on the industrial politics and on the Group’s dividend policy.

As a result of this sale, the shareholders’ agreement continues to keep the absolute majority of the share capital at about 51.9%.

Bulgari is one of the global players on the luxury market. In 2003 the Group posted a turnover of 759 million Euro, a net profit of 92 million Euro. With a market capitalization (as of November 11th 2004) of 2,531 million Euro, Bulgari relies on a distribution network of 190 stores in the most exclusive shopping areas in the world and on selected distributors. Bulgari has a product portfolio that ranges from jewels and watches to accessories and fragrances. The Group is controlled by the Bulgari family, holding about 51.9% of the share capital. The remaining 48.1% is floating on the Milan Stock Exchange.

For further information
Paolo Piantella
Corporate Financial Press Office Director
Tel. +39 06 68 810 593
Email: paolo.piantella@bulgari.com