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INTESA SANPAOLO COMMUNICATES FIRST WEEK RESULTS OF THE PURCHASE PROGRAMME OF OWN SHARES TO SERVE A FREE ASSIGNMENT PLAN FOR EMPLOYEES

Torino, Milano, 4th June 2007 – Last Friday, 1st June 2007, Intesa Sanpaolo concluded the first week of its purchase programme of own shares to serve a free assignment plan for employees. The programme had been resolved upon at the Shareholders’ meetings of 1st December 2006 and 3rd May 2007 and disclosed in the press release issued on 25th May 2007. The Italian subsidiaries reported in the aforementioned press release also concluded the first week of their purchase programme of the Parent Company’s shares to serve a free assignment plan for employees, which had been resolved upon at their respective Meetings and is similar in terms and contents to the programme approved at the Parent Company’s Meeting. Pursuant to art. 144 bis of Consob Resolution 11971/99 (so-called “Regolamento Emittenti”, Issuer Regulations), details are provided below with respect to the purchases carried out; information is hereby given by Intesa Sanpaolo also on behalf of its above-mentioned subsidiaries.
 
From 28th May, the date on which the programme was started, to 1st June 2007, the Intesa Sanpaolo Group totally purchased - through Banca IMI, responsible for the programme’s execution - 2,234,695 Intesa Sanpaolo ordinary shares (equal to approximately 0.02% of the ordinary share capital), for a total countervalue of 12,665,894.51 euro; the Parent Company purchased 1,570,992 shares for a countervalue of 8,904,124.27 euro.
 
Transactions for the purchase of shares were carried out in compliance with provisions set forth in articles 2357 and following and articles 2359 bis and following of the Italian Civil Code and within the limits of maximum number of shares and consideration as determined in the resolutions of the Shareholders’ meetings. Pursuant to art. 132 of Consolidated law on finance (TUF) and art. 144 bis of “Regolamento Emittenti”, purchases were carried out on regulated markets according to the operating methods set forth in the regulations providing for the organisation and management of such markets. Moreover, the purchases were carried out in daily volumes not higher than 25% of the average daily volume of the Intesa Sanpaolo ordinary shares traded in the month preceding the disclosure of the programme to the market (the daily average in April 2007 was 87.3 million shares), as set forth by Regulation EC 2273/2003.
 
Share purchases are detailed in the enclosure and summarised in the table below:

 

date

number of shares purchased

average purchase price (€)

countervalue (€)

28th May 2007

444,216

5.667

2,517,204.39

29th May 2007

437,961

5.682

2,488,293.09

30th May 2007

440,927

5.632

2,483,159.74

31st May 2007

461,716

5.708

2,635,688.54

1st June 2007

449,875

5.649

2,541,548.75

Total for the week

2,234,695

5.668

12,665,894.51

 


Investor Relations                                                                                                              
+39.02.87943180                                                                                                             
investor.relations@intesasanpaolo.com

Media Relations
+39.02.87963531    
stampa@intesasanpaolo.com
                                 

www.intesasanpaolo.com

 

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