Italian Investor Conference

Tuesday, 3rd October 2006

Under the auspices of:

Banca MPS – – – Finmeccanica – Rete Gas – Socotherm – Tod’s – Valentino Fashion Group

Invitation

Nomura and Borsa Italiana are pleased to invite you to the 3rd annual ‘Italian Investor Conference’ on 3rd October 2005.

Borsa Italiana, in its role as organiser and manager of the Italian securities markets, together with Nomura Securities are honoured to present a number of leading listed Italian companies at the ‘Italian Investor Conference’. The conference represents a unique opportunity for investors to understand more about each company’s financial results and strategies, meet with senior management and receive updates on recent business developments in Italy.

The conference will comprise both company presentations and one-on-one meetings by appointment. In addition, Borsa Italiana officials will be available for discussions with investors throughout the day.

Venue Tokyo Kaikan Urbannet Otemachi Building 21 F 2-2-2 Otemachi, Chiyoda-ku, Tokyo 100-8130

For further information please contact: Nomura Securities Co., Institutional Equity Sales, Mr. Kenichiro Makino, Tel: +81 (0)3 3278 0415 ([email protected]) or Mr. Seiichi Kasai, Tel: +81 (0)3 3278 0415 ([email protected]) http://www.nomura.com

Schedule for Tuesday, 3rd October 2006

Time Event 09:30 Registration Welcome coffee

10:00 Conference opening by Yoshihiro Fukuta, President, Nomura Italia SIM SpA

10:10 – 12:10 Company Presentations 10:10 Campari – Enzo Visone, Chief Executive Officer 10:40 Banca MPS – Antonio Vigni, General Director 11:10 Tod’s – Emilio Macellari, Chief Financial Officer 11:40 Finmeccanica – John Stewart, Head of Investor Relations

12:20 – 13:00 Lunch Italian economy and markets outlook – remarks by: 12:30 – 12:45 Lodovico Rosnati, Director, Equity Market, Borsa Italiana SpA 12:45 – 13:00 Mauro Battocchi, Head of Trade and Investment Promotion, Italian Ministry of Foreign Affairs

13:10 – 15:40 Company Presentations 13:10 Enel – Luigi , Head of Administration, Planning & Control 13:40 Snam Rete Gas – Carlo Malacarne, Chief Executive Officer 14:10 Valentino Fashion Group – Luca Vianello, Chief Financial Officer 14:40 Socotherm – Zeno Soave, Chief Executive Officer

The presenting companies will be available for one-on-one meetings with investors, by appointment

Participating companies

Banca Monte dei Paschi di Siena [BMPS IM] www.mps.it Banca Monte Paschi di Siena, founded in 1472, is the most ancient bank in the world and today represents one of the major Italian banks. It’s the holding company of a Group of relevant size ranking at top positions in terms of market shares in various business areas in Italy. Banca Monte dei Paschi di Siena is active, also through its controlled companies, in the various banking and financial areas, from the traditional business to special credit, to asset management, to bancassurance, to investment banking.

Davide Campari Milano SpA [CPR IM] www.campari.com The Campari Group is a major player in the global beverage sector, trading in over 190 nations around the world with a leading position in the Italian and Brazilian markets and a strong presence in the US, Germany and Switzerland. The Group’s portfolio includes a combination of strong international brands, such as Campari, SKYY , Cynar and Cinzano and leading local brands, such as CampariSoda, Crodino, Aperol, Sella & Mosca, 12, Riccadonna and Mondoro.

Enel SpA [ENEL IM] www.enel.it Enel produces and sells electricity mostly in Europe, North and Latin America; it is Italy’s largest power company, and Europe’s third-largest listed utility for market capitalization (about EUR41 billion at current prices). Enel is also the second-largest Italian distributor and vendor of natural gas, with over 2.2 million customers and a 12% market share. ENEL is actively seeking expansion abroad in the power and gas market after having completed the sale of non-core assets.

Finmeccanica SpA [FNC IM] www.finmeccanica.it Finmeccanica is Italy’s leading high-tech company, operating in the design and manufacture of helicopters, aerostructures, satellites, space infrastructure, missiles and defence electronics. It plays a leading role in the European aerospace and defence industry, and participates in some of the biggest international programmes in the sector through well-established alliances with European and American partners. Finmeccanica also boasts significant manufacturing assets and skills in the transport, energy and IT sectors. The group operates in Italy and abroad through 16 companies and 6 joint ventures.

Snam Rete Gas SpA [SRG IM] www.snamretegas.it Snam Rete Gas owns and manages the natural gas transportation network in Italy, through its nationwide gas pipeline network system which now extends more than 30,000 kilometres. The network is directly connected to the production fields, import lines and storage centres which feed the Italian gas system. The activities are entirely focused on gas transportation in Italy, the third biggest European market, amounting to more than 80 billion cubic metres of gas a year, and in the European market itself, forecast to have the best growth prospects in the world in the period 2000/2010.

Socotherm SpA [SCT IM] www.socotherm.it Socotherm Group is one of the main worldwide operators in the anticorrosion pipe coating field for oil, gas and water transportation industry and it is a world leader in Deep Water pipe insulation and coating technology. Socotherm Group is active in the five continents with about 1200 employees and plants located in Italy, Argentina, Brazil, Venezuela, Australia, Malaysia, China and Nigeria.

Tod's SpA [TOD IM] www.todsgroup.com Tod's is a well-established player in the luxury goods industry, operating in the shoes and leather goods markets, with the Tod's and Hogan brands, and in the casual sector, with the Fay brand. Handcrafted production is undertaken exclusively in Italy, with a distribution network in Europe, US and Asia.

Valentino Fashion Group SpA [V IM] www.valentinofashiongroup.com Valentino Fashion Group is a major international player in the fashion and luxury good sector, offering a wide range of product lines of apparel, accessories, footwear and leather goods through its main brands Hugo Boss, Valentino, Marlboro Classics and M Missoni. The Group relies on a consolidated international presence in over 100 countries with a distribution network of around 1400 mono-brand stores.