Annual General Meeting approves financial statements

Cairo Communication

Milan 27 January 2005 – The Annual General Meeting which was convened today granted majority approval of the financial statements at 30 September 2004, as well as the distribution of a dividend of Euro 1.60 per share gross of legal deductions with the detachable coupon (coupon 4) of 7 February 2005, effective 10 February 2005.