Sale of Mediobanca's stake in Consortium

17 December 2001

The sale of Mediobanca?s 20% stake in Consortium for a consideration of Lit. 332.4bn was completed today as stated in our press release dated 10 December 2001, yielding a gain of Lit. 53bn. Consortium?s share capital is now held as follows: Banca di Roma and Unicredito (18.4% each), B.B. Investissement (14.7%), Angelini (4.5%), Mediolanum (3.4%), Commerzbank (3%), La Fondiaria, SAI, Cerutti, Doris, Italmobiliare, Lucchini, Ratti, FIAT, Olivetti, Pirelli, RAS, Falck, Franza, Minozzi and Monrif (2.3% each) and Ferrero and Gavio (1.8% each).