Buyback proposal

Milan, 24 March 2010: The Board of Directors of Cairo Communication, meeting today, decided to call the General Meeting of the Company on 28 April 2010 on first call and, if required, on second call on 29 April 2010, to consider - among other items - the proposal to grant a new delegation to the Board to acquire treasury shares, previously revoking the decision of 29 April 2009.
The proposal of the Board, in partial continuity with the previous delegations granted to the Board in the past, aims, on the one hand, at stabilisation of the Company shares’ quotations also though a liquidity provider, and, on the other, if deemed necessary by the Board of Directors, at establishing a “shares stock” (“magazzino titoli”) as provided in the regulations introduced by Consob Resolution No. 16839/2009.