The Corporate Governance Committee met today

CORPORATE GOVERNANCE COMMITTEE APPROVES TEXT
FOR THE CODE OF CONDUCT FOR LISTED COMPANIES

The Corporate Governance Committee met today at Palazzo Mezzanotte, headquarters of Borsa Italiana, to conclude its examination of the new Code of Conduct for listed companies.

During the meeting, a proposal for articles prepared by the Working Group was discussed, encompassing several issues, including the internal control system, the Internal Control Committee and the Board of Auditors, Directors’ interests, transactions with related parties, shareholder relations, corporate governance reporting and alternative administration and control systems.

The Corporate Governance Committee approved the unabridged text of the Code, assigning the task of final drafting for publication to Borsa Italiana and to the Board of Experts.

Milan, 10 February 2006

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Note:

The Corporate Governance Committee consists of the following individuals: Luigi Abete, Matteo Arpe, Aureliano Benedetti, Massimo Capuano, Fedele Confalonieri, Pier Luigi Fabrizi, Attilio Piero Ferrari, Dario Frigerio, Gabriele Galateri di Genola, Edoardo Garrone, Piero Gnudi, Mario Greco, Giovanni Landi, Fausto Marchionni, Vittorio Merloni, Vittorio Mincato, Pietro Modiano, Corrado Passera, Giovanni Perissinotto, Alessandro Profumo, Paolo Scaroni, Maurizio Sella, Angelo Tantazzi, Marco Tronchetti Provera, Paolo Vagnone.

The Committee collaborates with a Working Group comprising representatives from Abi, Ania, Assirevi, Assogestioni, Assonime, Borsa Italiana and Confindustria, the activities of which are coordinated by a Board of Experts consisting of Prof. Guido Ferrarini, Mr. Franzo Grande Stevens and Prof. Piergaetano Marchetti.