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17 Jul 2008

Press release 17th July 2008


Pursuant art 84 bis of the Regulation implementing Legislative Decree no. 58 of 24 February 1998, concerning the regulation of issuers.

Rome, July 17th, 2008

Reference is made to the content of our press release published on June 6th, 2008 to inform that nor the procedure for implementing certain compensation schemes based on financial instruments approved by the shareholders’ meeting or the one cancelling the implementation made on June 20th, 2008 for a subsequent implementation at “normal value” have been completed.

The Chief Executive Officer and the Chairman, in accordance to their respective proxies, also considering the new law which recently came into force changing the fiscal treatment of compensation schemes base on stock options, decided not to proceed with the above indicated implementations nor to cancel those made last June 20th, 2008.