The Ordinary General Meeting of the shareholders on 28/3/2006 will decide on the following amendment of Article 5 par. 1 of the company's Articles of Association:

At the end of par. 1 of Article 5 of the Articles of Association, the following is added:

"Article 5 par. 1 - By the resolution of the Ordinary General Meeting of the shareholders dated 28/3/2006 which amended the Articles of Association, the share capital of the company increased by the amount of EUR 68.187.308 with an increase of the par value of each share by EUR 1.40 through the capitalization of a corresponding amount deriving from a Share Premium Account and decrease by EUR 73.057.830 with a decrease of the par value of each share by EUR 1,50. The entire amount of the decrease will be returned-in cash-to company shareholders. Thus, the total share capital of the company will amount to EUR 43.834.698, divided into 48.705.220 common bearer shares of a par value of EUR 0,90 each".