The Company is organised in compliance with applicable Luxembourg law and provisions and, as per resolution of its Board of Directors as of 23 February 2007, resolved to adopt on a voluntary basis the Corporate Governance Code of Conduct of Italian Listed Companies issued and approved by Borsa Italiana in March 2006 as applicable (posted in the Investor Relations section of the Company’s website) ("Corporate Governance Code") and a set of internal governance rules in compliance with the Corporate Governance Code.

The Company is subject to the disclosure obligations related to corporate actions and periodic information established by the Luxembourg law dated 11th January 2008 entered into force on 19th January 2008 (the "Transparency Law") which implements directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (the "Transparency Directive"). The Company is further subject, as applicable, to the disclosure obligations towards the market and Consob (the Italian Financial Regulator) according to the Consob Regulation n. 11971 of 14 May, 1999, implementing the provisions on issuers of Legislative Decree n. 58 of 24 February, 1998, as amended by further Consob resolutions, (hereinafter, the “Consob Issuer Regulation”), as applicable,and to Article 2.1.4 of the Rules of the Markets organised and managed by Borsa Italiana (hereinafter, the “Borsa Italiana Regulation”).

In accordance with the Borsa Italiana Regulation, on the occasion of the Annual General Shareholders' Meeting that approves the Company's Financial Statements, the Annual Report on Corporate Governance is filed with Borsa Italiana and made available both at the registered offices of the Company and in the Investor Relations section of the present website.