The Supervisory Board, in the meeting held on 2nd January 2007, established within itself the three Technical Committees set forth by the Articles of Association:

• The Control Committee proposes, consults and enquires on matters regarding internal controls system, risk management and the ICT and accounting system. In addition, the Control Committee supports the Supervisory Board in the consulting/inquiring function as Audit Committee pursuant to the U.S. regulations (Sarbanes-Oxley Act). Lastly, the Control Committee performs duties and functions as Surveillance Body pursuant to Legislative Decree 231/2001 as concerns administrative responsibility of companies, supervising on the functioning and compliance of the organisation, management and control models.
• The Nomination Committee is responsible for selecting and proposing appointments to the Management Board.
• The Remuneration Committee is responsible for proposing and consulting on remuneration in accordance with applicable law and the Articles of Association.

Control Committee Enrolment with the Register of Auditors and practice in the legal audit of accounts Independence requirements as set forth by the Corporate Governance Code Giulio Lubatti (Chairman) Rosalba Casiraghi Pietro Garibaldi Gianluca Ponzellini Livio Torio

Nomination Committee Enrolment with the Register of Auditors and practice in the legal audit of accounts Independence requirements as set forth by the Corporate Governance Code Giovanni Bazoli (Chairman) Angelo Ferro Giuseppe Mazzarello Riccardo Varaldo Rodolfo Zich

Remuneration Committee Enrolment with the Register of Auditors and practice in the legal audit of accounts Independence requirements as set forth by the Corporate Governance Code Gianluca Ponzellini (Chairman) Giulio Lubatti Eugenio Pavarani

In addition, the Supervisory Board established two further Technical Committees: The Strategy Committee is in charge of assisting the Supervisory Board and its Chairman in the examination of the proposals submitted by the Management Board as concerns strategic orientations and transactions, formulating proposals in respect of their approval or requesting of any integration or amendment to address to management bodies. The Financial Statements Committee is in charge of assisting the Supervisory Board and its Chairman on the discussion of matters regarding the preparation of the Company's and the consolidated financial statements, also formulating recommendations in respect of the approval of financial reports and autonomously proceeding, in the name and on behalf of the Supervisory Board, to the request of details and clarifications addressed to management bodies.

Strategy Committee Enrolment with the Register of Auditors and practice in the legal audit of accounts Independence requirements as set forth by the Corporate Governance Code Giovanni Bazoli (Chairman) Carlo Barel di Sant'Albano Antoine Bernheim Giovanni Costa Rodolfo Zich

Financial Statement Committee Enrolment with the Register of Auditors and practice in the legal audit of accounts Independence requirements as set forth by the Corporate Governance Code Eugenio Pavarani (Chairman) Marco Ciabattoni Gianluca Ferrero Gianguido Sacchi Morsiani Ferdinando Targetti