With reference to Consob Communication no DME/5015175 of 10^th March 2005 regarding the implementation of accounting systems and procedures for the application of accounting standards IAS/IFRS, Banca Intesa informs that interventions on the IT systems are being completed and, in parallel, the conversion of balances as at 1^st January 2005 to IAS/IFRS is being carried out.

As provided for by consultation document “International accounting standards: interim financial reports, offering/listing prospectuses, definition of the concept of related parties” published by Consob on 17^th February 2005, Banca Intesa intends to adopt the new international accounting standards starting from the quarterly consolidated report as at 31^st March 2005.  

Therefore, both the effects resulting from the first application of IAS/IFRS and the first quarterly report will be approved by the Board of Directors and unveiled on  13^th May 2005.

Moreover, the Group companies’ Boards of Directors are appointing the auditing firm to verify the figures stemming from the transition process; the outcome will be disclosed together with the 2005 first-quarter results.

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