021108MP

With effect from November 30 Raffaele Jerusalmi, Executive Director of Financial Markets, will take up ad interim the managing responsibility of Nuovo Mercato, the high growth companies market, replacing Maria Pierdicchi who has announced that later this month will leave the Italian Exchange to join an important financial institution.

Raffaele Jerusalmi was appointed in November 2001 as Executive Director of the Markets at Borsa Italiana, directly reporting to the President and CEO Massimo Capuano.

Borsa Italiana wishes Maria Pierdicchi all the best for her new activity and expresses sincere appreciation for her job during the past years developing and consolidating Nuovo Mercato.

Milan, 8 November 2002