ANNUAL REPORT 2007

Finally, it should be noted that the Company provided for the adjustment to the Safety Programmatic Document for the purpose of guaranteeing the correct treatment of personal information in compliance with what is provided for in Leg. Decree nr. 196/2003.
For other information provided for by article 2428 of the Civil Code, reference should be made to the Notes to the Accounts.
No significant events emerged after the closing of the financial statements due to the fact that company activity proceeded as normal; it should be noted that during the first part of the year 2008 the respective social offices dehberated the merger of Sogi SpA by Impresa Pizzarotti & C starting from 1 January 2008.

30 May 2008
The Chairman of the Board of Directors
Dott Franco Nobili