Appointment and composition The Management Board - which is in charge of the management of the Company - is composed of a minimum of 7 and a maximum of 11 Members, including non shareholders, appointed by the Supervisory Board, which determines their number at the time of appointment. The Supervisory Board Meeting of 2 January 2007 determined in 11 the number of its members and appointed Enrico Salza Chairman, Orazio Rossi Deputy Chairman and indicated Corrado Passera as Managing Director and CEO of the Management Board (which proceeded to his appointment in the meeting held on the same date). The Management Board is currently composed as follows:

Name Position Date of birth Date of first appointment Enrico Salza Chairman 25/05/1937 02/01/2007 Orazio Rossi Deputy Chairman 12/02/1932 02/01/2007 Corrado Passera Managing Director and CEO 30/12/1954 02/01/2007 Aureliano Benedetti Member 15/11/1935 20/05/2008 Elio Catania Member 05/06/1946 02/01/2007 Giuseppe Fontana Member 04/06/1954 02/01/2007 Gian Luigi Garrino Member 14/10/1935 02/01/2007 Virgilio Marrone Member 02/08/1946 02/01/2007 Emilio Ottolenghi Member 18/01/1932 02/01/2007 Giovanni Perissinotto Member 06/12/1953 02/01/2007 Marcello Sala Member 06/06/1968 02/01/2007

The Management Board remains in office for three financial years and the term of office expires on the date of the meeting of the Supervisory Board called to approve the financial statements 2009. Functions of the Management Board The Management Board is in charge, in general, of the management of the company in compliance with the general strategic guidelines approved by the Supervisory Board; for this purpose, it takes all required actions, which it deems useful or appropriate to achieve the corporate purpose, relating to both the ordinary and extraordinary administration. Management or control offices of Members of the Management Board Click here to view the number of other management or control offices that the Members of the Management Board hold in other companies listed in regulated markets (even abroad), in financial, banking, insurance or large companies.