PRESS RELEASE

COMPANY RESTRUCTURING NEGOTIATIONS – FINAL RESTRUCTURING PROPOSAL MONTHLY REPORT PURSUANT TO ARTICLE 114, PARAGRAPH 5, LEGISLATIVE DECREE NO. 58/1998

Milan, January 31, 2012 - As anticipated in our press release dated 17 January 2012, and following consultations with its financial creditors, the board of directors of the Company have formulated and approved a final proposal for a consensual restructuring of the Company's financial obligations (the "Final Company Proposal").
The key terms of the Final Company Proposal are set out in a term sheet (the "Term Sheet") attached to this press release.

Download the attached files:

• Press release
• Term Sheet

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