Press release

IFIL - Performance of Fiat sharesJuly 26, 2005

Upon request by Consob – in accordance with article 114 paragraph 5 of D.
Lgs. 58/1998 – and with regard to the performance and the significant volumes
of Fiat shares in the last days, IFIL reports that it has no elements to explain
this performance nor does it possess information on new significant events that
could have an influence on said performance. 

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