Capital increase 2013

THIS WEBSITE (AND THE INFORMATION CONTAINED THEREIN) DOES NOT INCLUDE OR CONSTITUTE AN OFFER TO SELL SECURITIES OR A SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER COUNTRY IN WHICH THE OFFER OR SOLICITATION OF SECURITIES WOULD BE SUBJECT TO LOCAL REGULATORY APPROVAL OR OTHERWISE PROHIBITED BY LAW (THE “OTHER COUNTRIES”). ANY PUBLIC OFFERING WILL BE MADE IN ITALY ON THE BASIS OF A PROSPECTUS, APPROVED BY CONSOB IN ACCORDANCE WITH APPLICABLE REGULATIONS. The information contained in this website, in whole or in part, or its distribution cannot form the basis, nor can any reliance be placed on it in this respect, for any investment agreement or decision. THE FINANCIAL INSTRUMENTS that are the subject of the Rights Offering HAVE NOT BEEN AND WILL NOT BE REGISTERED IN THE UNITED STATES UNDER THE U.S. SECURITIES ACT OF 1933, AS FURTHER AMENDED (THE “SECURITIES ACT”), OR UNDER THE CORRESPONDING RULES IN FORCE IN CANADA, JAPAN AND AUSTRALIA OR IN OTHER COUNTRIES, AND SHALL NOT, THEREFORE, BE OFFERED OR OTHERWISE DELIVERED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR TO “U. S. PERSONS”, canada. S. PERSONS”, in canada, japan, autralia or in other countries, without specific authorization in accordance with applicable laws and regulations or in derogation of such provisions. NO OFFERING OF SUCH SECURITIES TO THE PUBLIC WILL BE MADE IN THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUTUMNIA OR OTHER COUNTRIES.

ANY OFFER OF SECURITIES IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (“EEA”) THAT HAS IMPLEMENTED THE PROSPECTUS DIRECTIVE (EACH, A “RELEVANT MEMBER STATE”) WILL BE MADE ON THE BASIS OF A PROSPECTUS APPROVED BY THE COMPETENT AUTHORITY AND PUBLISHED IN ACCORDANCE WITH THE PROVISIONS OF THE PROSPECTUS DIRECTIVE (THE “PERMITTED PUBLIC OFFERING”) AND/OR PURSUANT TO AN EXEMPTION FROM THE REQUIREMENT TO PUBLISH A PROSPECTUS FOR OFFERS OF SECURITIES SET FORTH IN THE PROSPECTUS DIRECTIVE.

ACCORDINGLY, ANY PERSON MAKING OR INTENDING TO MAKE AN OFFER OF SECURITIES IN A RELEVANT MEMBER STATE OTHER THAN A PERMITTED PUBLIC OFFER MAY ONLY DO SO WHERE THERE IS NO REQUIREMENT TO PUBLISH A PROSPECTUS. NO OBLIGATION FOR THE COMPANY TO RESPECTIVELY PUBLISH A PROSPECTUS UNDER ARTICLE 3 OF THE PROSPECT DIRECTIVE OR A PROSPECTUS SUPPLEMENT UNDER ARTICLE 16 OF THE PROSPECT DIRECTIVE, IN CONNECTION WITH SUCH OFFERING.

THE TERM “PROSPECTUS DIRECTIVE” MEANS DIRECTIVE 2003/71/EC (THAT DIRECTIVE AND AMENDMENTS THERETO, AND DIRECTIVE 2010/73/EU, TO THE EXTENT TRANSPOSED IN THE RELEVANT MEMBER STATE, TOGETHER WITH ANY IMPLEMENTING MEASURES IN THE RELEVANT MEMBER STATE). INVESTORS SHOULD NOT SUBSCRIBE TO ANY FINANCIAL INSTRUMENT OTHER THAN ON THE BASIS OF THE INFORMATION CONTAINED IN THE RELEVANT PROSPECTUS.

I confirm that the certificant understands and accepts the above disclaimer. The documents and information contained in this section are for informational purposes only and are not directed at or intended for access by persons located or resident in the United States, Australia, Canada or Japan or any of the Other Countries. I represent that I am not a person residing or located in the United States, Australia, Canada or Japan or one of the Other Countries and that I am not a “U.S. person” (within the meaning of Regulation S of the Securities Act). I have read and understand the above disclaimer. I understand that it may affect my rights. I agree to abide by its terms.