The Shareholders’ Meeting of Borsa Italiana

THE SHAREHOLDERS’ MEETING OF BORSA ITALIANA SPA
APPROVES THE 2005 FINANCIAL STATEMENTS

BORSA ITALIANA SPA
Net profit: 43.1 million euros (31.9 million in 2004, +35%)
Revenues: 133.4 million euros (117.5 million in 2004, + 14%)
Dividend: 2 euros for each ordinary share
Pay-out: 75,2%

BORSA ITALIANA GROUP
Net profit: 52.2 million euros (36.2 million in 2004, +44%)
Revenues: 228.3 million euros (195.2 million in 2004, +17%)

THE MEETING APPOINTS THE NEW BOARD OF DIRECTORS AND THE NEW BOARD OF STATUTORY AUDITORS FOR THE THREE-YEAR PERIOD 2006-2008

THE BOARD OF DIRECTORS APPOINTS
ANGELO TANTAZZI AS CHAIRMAN
GIAMPIETRO NATTINO AS DEPUTY CHAIRMAN
MASSIMO CAPUANO AS CEO

The Shareholders’ Meeting of Borsa Italiana Spa, which met today, has approved the 2005 consolidated and separate financial statements for the company and appointed the new Board of Directors for the three-year period 2006-2008, composed as follows: Angelo Tantazzi, Caio Massimo Capuano, Gian Luca Baldassarri, Marco Bolgiani, Jurgen Michael Dennert, Maurizio Faroni, Giovanni Gorno Tempini, Riccardo Lupi, Pietro Vitale Antonio Modiano, Giampietro Nattino, Alessandro Pansa, Massimo Segre, Pietro Sella, Umberto Bertelè, Enzo Berlanda

The Shareholders’ Meeting also appointed the Board of Statutory Auditors, which comprises Roberto Ruozi as Chairman and Giuseppe Levi and Angelo Provasoli as Permanent Auditors.

The Board of Directors appointed Angelo Tantazzi as Chairman, Giampietro Nattino as Deputy Chairman and Massimo Capuano as Chief Executive Officer.

The 2005 financial statements of Borsa Italiana Spa closed with a net profit of 43.1 million euros, for an increase of 35% (31.9 million euros in 2004), while revenues amounted to 133.4 million euros, up 14% (117.5 million in 2004).

The consolidated financial statements of Borsa Italiana Group closed with a net profit of 52.2 million euros, for an increase of over 44% (36.2 million euros in 2004), with revenues amounting to 228.3 million euros, up 17% (195.2 million euros in 2004).

The scope of consolidation changed as a result of the acquisition of MTS Group, which took place during the second half of November 2005; consequently, the consolidated income statement includes data for the month of December only.

The Group adopted the international accounting standards (IFRS) from 1 January 2005, consequently recalculating the final results for 2004.

Shareholders will receive a dividend of 2.00 euros for each of the 16,227,268 ordinary shares with par value of 0.52 euros, for a total of 32,454,536 euros, equal to a pay-out ratio of 75.2% of net profit.