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Mediobanca S.P.A A COMPANY LIMITED BY SHARES PAID IN SHARE CAPITAL: EURO 407,760,832.50, RESERVES: EURO 4,295.8 MILLION REGISTERED OFFICE IN MILAN, AT PIAZZETTA ENRICO CUCCIA, 1 REGISTERED ON THE REGISTER OF COMPANIES IN MILAN TAX REFERENCE NO. AND VAT NO. 00714490158 REGISTERED ON THE REGISTER OF BANKS AND BANKING GROUPS, AS NO. 10624 PARENT COMPANY OF THE MEDIOBANCA S.P.A. GROUP OF COMPANIES REGISTRATION DOCUMENT FOR THE YEAR ENDED 30 JUNE 2006 Prepared pursuant to CONSOB Resolution No. 11971 of 14 May 1999, and Commission Regulation (EC) No. 809/2004 of 29 April 2004 implementing Directive 2003/71/EC CONTENTS SECTION PAGE 1. INFORMATION REGARDING THE PERSONS RESPONSIBLE FOR THIS REGISTRATION DOCUMENT ................................................................................. 1 1.1 Persons responsible.................................................................................... 1 1.2 Declaration of responsibility......................................................................... 1 2. AUDITORS OF THE FINANCIAL STATEMENTS ............................................ 2 2.1 Audit firm and auditors responsible for auditing the financial statements............... 2 2.2 External supervisory bodies other than the audit firm........................................ 2 2.3 Information regarding resignations, dismissals or failures to renew the appointment of the audit firm or auditors responsible for auditing the financial statements ..................... 2 3. RISK FACTORS........................................................................................ 3 3.1 Risks relating to the Issuer and the MEDIOBANCA Group.................................... 3 3.2 Consolidated accounts and other financial information as at and for the year ended 30 June 2006 (the annual financial statements) ................................................................. 4 4. INFORMATION REGARDING THE ISSUER ................................................... 6 4.1 History and development of the Issuer............................................................ 6 4.1.1 Company name.......................................................................................... 6 4.1.2 Details of registration on the Register of Companies, and place of registration ........... 6 4.1.3 Issuer’s date of incorporation and duration ....................................................... 6 4.1.4 Issuer’s registered office and legal form, legislation under which it operates, country of incorporation, address and telephone number of the registered office ................................... 6 4.1.5 Any event in the Issuer’s recent history that is substantially material to an assessment of its solvency ........................................................................................................... 6 5. OVERVIEW OF THE BUSINESS .................................................................. 7 5.1 Principal activities ..................................................................................... 7 5.1.1 Activities of the Mediobanca Group................................................................. 7 5.1.2 Brief description of the Issuer’s principal activities, with an indication of the principal categories of products sold and/or services provided........................................................11 Milan-1/182152/05 New/NEW 5.1.3 Indication of new products and/or activities, where material .................................12 5.1.4 Main markets...........................................................................................13 5.1.5 Basis of any statement by the Issuer in the registration document regarding its competitive position ...............................................................................................13 6. ORGANISATIONAL STRUCTURE...............................................................14 6.1 Description of the organisational structure of the group for which the Issuer is the parent ............................................................................................................14 6.2 Any person with control over the Issuer within the meaning of Article 93 of the Financial Act.......................................................................................................14 7. INFORMATION ON EXPECTED TRENDS ....................................................15 7.1 Statement as to expected trends ...................................................................15 7.2 Information regarding events that could significantly affect the Issuer's prospects...15 8. FORECASTS OR ESTIMATES OF PROFITS...................................................16 9. BODIES RESPONSIBLE FOR THE ISSUER’S ADMINISTRATION, MANAGEMENT AND CONTROL ..................................................................................................17 9.1 Information regarding the Issuer’s corporate bodies.........................................17 9.2 Conflicts of interest within bodies responsible for the Issuer’s administration, management and control ........................................................................................18 10. PRINCIPAL SHAREHOLDERS....................................................................19 10.1 Information regarding shareholder structure ..................................................19 10.2 Agreements the performance of which may result – after the date hereof – in a change of control..................................................................................................19 11. FINANCIAL INFORMATION REGARDING THE ASSETS, LIABILITIES, FINANCIAL POSITION, PROFITS AND LOSSES OF THE ISSUER .................................20 11.1 Financial information regarding previous financial years...................................20 11.2 Financial statements..................................................................................20 11.3 Auditing of the annual financial information for previous financial years ..............20 11.3.1 Statement confirming that financial information for previous financial years has been audited ............................................................................................................20 Milan-1/182152/05 New/NEW 11.3.2 Any other information contained in the Registration Document that has been reviewed by the auditors......................................................................................................21 11.3.3 Financial information contained in the Registration Document not extracted from the Issuer’s audited financial statements ..........................................................................21 11.4 Date of latest financial information...............................................................21 11.5 Infra-annual and other financial information..................................................21 11.6 Legal and arbitration proceedings ................................................................22 11.7 Significant changes in the Issuer’s financial position .........................................22 12. MATERIAL AGREEMENTS .......................................................................23 13. INFORMATION FROM THIRD-PARTY SOURCES, EXPERT OPINIONS, AND STATEMENTS OF INTEREST ................................................................................24 14. DOCUMENTS AVAILABLE TO THE PUBLIC................................................25 Milan-1/182152/05 New/NEW 1. INFORMATION REGARDING THE PERSONS RESPONSIBLE FOR THIS REGISTRATION DOCUMENT 1.1 Persons responsible MEDIOBANCA – Banca di Credito Finanziario S.p.A., a company with registered office in Milan, at Piazzetta Enrico Cuccia 1, is responsible for the information supplied in this registration document. 1.2 Declaration of responsibility This Registration Document conforms with the document that was lodged with CONSOB on 20 December 2006 following the approval provided under Note No. DEM/6098594 of 14 December 2006. MEDIOBANCA – Banca di Credito Finanziario S.p.A confirms that, having applied all reasonable diligence relevant for such purposes, the information contained in the Registration Document, is, as far as it is aware, in accordance with the facts and does not present any omissions such as would affect its meaning. Milan-1/182152/05 - 1 - New/NEW 2. AUDITORS OF THE FINANCIAL STATEMENTS 2.1 Audit firm and auditors responsible for auditing the financial statements Reconta Ernst & Young S.p.A., a company with registered office in Milan, at Via della Chiusa 2, has audited the financial statements of MEDIOBANCA and of the Group’s consolidated financial statements as at and for the year ended 30 June 2006. The meeting of the shareholders of MEDIOBANCA held on 28 October 2006 resolved to extend the appointment of Reconta Ernst & Young S.p.A. to the auditing of MEDIOBANCA’s financial statements and the Group’s consolidated financial statements as at and for the years ending 30 June 2007, 2008 and 2009 and MEDIOBANCA’s non-consolidated interim financial statements and the Group’s consolidated interim financial statements as at and for the six- month periods ending 31 December 2006, 2007 and 2008. 2.2 External supervisory bodies other than the audit firm There are no external supervisory bodies other than the audit firm. 2.3 Information regarding resignations, dismissals or failures to renew the appointment of the audit firm or auditors responsible for auditing the financial statements No resignations, dismissals, or failures to renew the appointment of the audit firm have occurred in the relevant period. Milan-1/182152/05
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