Milano, 24 June 2004

The Extraordinary Shareholders’ Meeting, held today under the chairmanship of Giovanni Bazoli, resolved upon some changes in the Articles of Associations for the purpose of adapting it to the new provisions of the Italian Civil Code introduced in the legal system by the recent reform of company law.

Moreover, with the aim of more effectively safeguarding representation of minority shareholders on the Board of Statutory Auditors, the Meeting resolved upon a decrease, from 2% to 1%, of ordinary share capital necessary for presentation of a list of nominees for the Board of Statutory Auditors.