Amendments to Bylaws

The Shareholders’ Meeting convened on June 21, 2007 approved resolutions agreeing to carry out a series of amendments to:

• Article 10 (Convening Shareholders’ Meetings),
• Article 11 (Attendance and Representation at Shareholders’ Meetings),
• Article 14 (Management of the Company),
• Article 16 (Corporate Governance Positions),
• Article 17 (Composition of the Board of Directors and Term of Office of Directors),
• Article 22 (Board of Statutory Auditors)
• and Article 24 (Auditing of the Accounting Records)

of the Bylaws, which are required mainly to make the Bylaws consistent with the new requirements of the Italian Civil Code and the Uniform Financial Code.