Press release

IFIL - Final figures of ordinary shares offer and unopted rights offer on the Italian Stock ExchangeJuly 30, 2003

At the end of the IFIL's ordinary shares offer period, according to final data from Monte Titoli S.p.A., 383,794,965 new ordinary shares have been subscribed, equal to 99.35% of the total amount of ordinary shares offered. The majority shareholder IFI – Istituto Finanziario Industriale S.p.A. has subscribed 233,861,025 ordinary shares.

Therefore, 4,432,500 rights, effective in subscribing 2,526,525 new IFIL ordinary shares are not exercised. The unopted rights will be offered on the Italian Stock Exchange, on behalf of IFIL, by Banca IMI S.p.A., on August, 4th, 5th, 6th, 7th and 8th  and will solely be effective to subscribe new ordinary shares, with regular enjoyment rights, at the price of €1.3 per share, on a ratio of 57 new ordinary shares for every 100 rights. The new ordinary shares should be subscribed by (and not later than) August, 12th, 2003.

The positive outcome of the capital increase is guaranteed by leading Italian and international financial institutions.

 

The offer for Shares (the "Offer") is not being made, and will not be made, directly or indirectly, in the United States of America or any other country in which such offer may not be made absent registration or an exemption from registration granted by the competent authorities (such other countries, collectively, the "Other Countries"). Accordingly, copies of this document and any other documents relating to the Offer are not being, and must not be, mailed or otherwise transmitted or distributed in or into the United States of America or the Other Countries.

This document is not an offer of securities for sale in the United States of America or the Other Countries. Securities may not be offered or sold in the United States of America or the Other Countries absent registration or an exemption from registration. The Shares to be issued pursuant to the Offer have not been and will not be registered under the United States Securities Act of 1933, as amended, or under applicable laws of the Other Countries, and may not be offered, sold or delivered, directly or indirectly, in the United States of America or the Other Countries absent registration or an exemption from registration.

 

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