Buy back plan periodical report

Milan, 4 November 2008 - As an updating of the performance of the buy back plan, authorized by the Shareholders’ Meeting as of 28 January 2008 and started by the Board of Directors on 19 March 2008, Cairo Communication notices that in the period starting from 27 October 2008 and until 31 October 2008 it has been purchased 12,440 ordinary shares of Cairo Communication S.p.A. (corresponding to 0.016 % of the share capital), at an average unit price of 1.9032 Euros and for a total amount of 23,675.63 Euros.
As of 31 October 2008, Cairo Communication owned 879,669 own shares, corresponding to 1.123 % of the share capital.