Evolution

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In the deeds and in the correspondence of the Company, the Share Capital is indicated as of Corporate Bylaws in force as of the date of their deposit and registration with the Company Register of Rome at July 2, 2010, for an aggregate value of 212.188.324,10 euros.

The above dates refer to the deposit with the Companies Register of the relevant deeds.

Date	Number of ordinary shares	Number of savings shares	Share capital (euro)
06/30/2010	1,446,317,896	5,496,951	212,188,324.10
04/19/2010	329,537,246	5,496,951	100,510,259.10
03/31/2006	3.295.372.469	54.969.513	100.510.259.46
02/09/2006	3.292.009.969	54.969.513	100.409.384.46
12/30/2005	3.289.272.469	54.969.513	100.327.259.46
11/18/2005	3.288.962.469	54.969.513	100.317.959.46
10/18/2005	3.288.702.469	54.969.513	100.310.159.46
09/30/2005	3.651.312.221	61.077.236	111.371.683.71
08/31/2005	3.647.524.221	61.077.236	111.258.043.71
07/28/2005	3.644.024.221	61.077.236	111.153.043.71
11/22/2004	3.642.519.221	61.077.236	111.107.893.71
08/01/2003	3.078.185.264	51.614.574	93.893.995.14