Prospectus - Notowania

ending dates, by submitting a request with the authorised intermediaries adhering to
the system for the centralised transfer of shares of Monte Titoli and Clearstream.
In Poland the option rights shall be exercised, or be forfeited, within the Option Term
from January 14, 2010 to January 29, 2010, including the starting and ending dates, by
submitting a request with the authorised intermediaries adhering to the system for the
centralised transfer of shares of NDS where the option rights are in custody. If the
holders of the option rights retain their own option rights in a deposit opened with a
custodian bank, the subscription form shall be sent to the intermediary who carries out
the instructions of the clients of the custodian bank.
The option rights shall be tradable on the MTA from January 11, 2010 to January 22,
2010, including the starting and ending dates, and on the Warsaw Stock Exchange
from January 14, 2010 to January 22, 2010, including the starting and ending dates.
Within the month following the expiration of the Option Term, the Issuer shall offer
any unexercised option rights on the MTA for at least five open market days, in
accordance with Article 2441, third paragraph of the Italian Civil Code.
The schedule of the transaction is indicative and it may be subject to change if events
and circumstances outside the issuer’s control should occur, including particular
conditions of volatility of the financial markets, which may compromise the
favourable outcome of the Offering. Any changes to the Option Term shall be notified
to the public with a notice to be published with the same disclosure procedures as the
Prospectus. In any case, the start of the Offering shall take place no later than one
month from the date of issue of the Consob instruction authorising the publication of
the Prospectus. Additionally, the schedule relating to the Offering in Poland could be
subject to possible changes due to the different offering procedures currently in force
in Italy and in Poland. In particular, the owners of shares deposited with authorised
intermediaries adhering to the system for the centralised transfer of shares of NDS that
the Issuer could provide in Poland additional information about the procedures and
terms of the Offering and of the subscription, including a fac-simile of the subscription
form, through the publication of appropriate information documents (current report).
Adhesion to the Offering shall take place by underwriting forms prepared for this
purpose by the authorised intermediaries adhering to the system for the centralised
transfer of shares of Monte Titoli, Clearstream and NDS, which shall contain at least
the identifying elements of the Offering and the following information reproduced
with characters that allow for easier reading.
- the notice that the adherent may receive a copy of the Prospectus free of charge;
- the reference to the First Section, “Risk Factors” Chapter contained in the
Prospectus.
Adhesions to the Offering by subscribers in Germany or Poland shall be notified to
Monte Titoli through Clearstream or NDS, no later than 4.30 p.m. (Italian time) of the
last day of the Option Term or no later than 6.00 p.m. if the notices are sent
electronically.
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