The coming into force of CE regulation No. 1606/2002, passed by the European Parliament and
the European Council in July 2002, implies that companies with shares admitted to negotiations in a
regulated European Union member state market, starting from 2005, must draw up their consolidated
financial statements in keeping with the international accounting standards (IAS/IFRS) issued by
the International Accounting Standards Board (IASB), if approved at community level and published
in the European Community Official Gazette (ECOG).
In particular, in compliance with the Regulations issued by CONSOB (the Italian Securities
and Exchange Commission), SEAT PAGINE GIALLE S.p.A. adopted the international accounting standards
starting from the interim report ending June 30, 2005, at consolidated and separate
level.
Please, refer to the attached "
Effects of the transitions to IAS/IFRS" for more detailed information.