In the Extraordinary Session, the Shareholders’ Meeting of the April 19,. 2007, approved the amendments to the Bylaws mostly aimed at complying with the Italian Law on investors’ protection (Law No. 262 of 28 3/3December 2005, as amended by Legislative Decree 303 of 29 December 2006). Specifically, the amendments regarded the statutory provisions on list-based voting for the appointment of Directors and Members of the Board of Auditors. The minimum stake necessary to present a list shall be equal to that envisaged for the Company by the new regulation, or, in any case, shall be no more than 2% of the share capital with voting rights in ordinary shareholders’ meetings.

Moreover, the procedures for the appointment and the professional skills required of the manager with responsibility for drafting company accounting statements were defined.