MARKET STATISTICS YEAR BIt Stat

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1 MARKET STATISTICS YEAR 2008 BIt Stat

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3 Year INDEX MAIN INDICATORS PAGE MAIN INDICATORS KEY INDICATORS INDEX INDICES OVERVIEW INDICES PERFORMANCE STOCK INDICES CAPITALISATION CAPITALISATION BY SECTOR ON 30 DECEMBER CAPITALISATION ON THE S&P/MIB BASKET ON 30 DECEMBER CAPITALISATION MIDEX BASKET ON 30 DECEMBER CAPITALISATION OF THE LISTED SHARES ON 30 DECEMBER LISTED SHARES BY CAPITALISATION ON 30 DECEMBER LISTED COMPANIES CAPITALISATION ON 30 DECEMBER LISTED COMPANIES BY CAPITALISATION ON 30 DECEMBER S FINANCIAL INSTRUMENTS MONTHLY OF FINANCIAL INSTRUMENTS SHARE TRADING VOLUME DURING THE PERIOD FROM JANUARY TO DECEMBER TOP 50 SHARES BY JANUARY-DECEMBER TOP 50 SHARES BY CONTRACTS JANUARY-DECEMBER MOT TRADING ETFPLUS TRADING CLOSED END FUNDS TRADING IDEM - EQUITY DERIVATES TRADING IDEM - SINGLE STOCK FUTURES TRADING IDEM - STOCK OPTIONS TRADING PERFORMANCE TOP 50 SHARES BY PERFORMANCE JANUARY-DECEMBER LAST 50 SHARES BY PERFORMANCE JANUARY-DECEMBER IPOS PERFORMANCES FINANCIAL INSTRUMENT MTA - INTERVENTION ON TRADED SHARES IN MERCATO EXPANDI - INTERVENTION OF THE LISTED SHARES IN MAC - INTERVENTION OF THE LISTED SHARES IN WARRANTS LISTINGS AND DELISTINGS IN CLOSED END FUNDS LISTINGS AND DELISTINGS IN ETF AND OPEN FUNDS LISTINGS IN ETF AND OPEN FUNDS DELISTINGS IN ETC LISTINGS AND DELISTINGS IN CONVERTIBLE BONDS LISTINGS AND DELISTINGS IN GOVERNMENT BONDS LISTINGS IN GOVERNMENT BONDS DELISTINGS IN BONDS LISTINGS IN BONDS DELISTINGS IN EUROMOT BONDS LISTINGS IN EUROMOT BONDS DELISTINGS IN LISTINGS AND DELISTINGS OF COMPANIES AND SHARES PRIMARY MARKET INVESTMENT FLOWS CHANNELED THROUGH THE EXCHANGE OVERSUBSCRIPTION VALUE FOR IPOS IN TAKEOVER BIDS ON LISTED COMPANIES This document is meant for information and personal purposes only. Borsa Italiana S.p.A. accepts no liability, rising, without limitation to the generality of foregoing from inaccuracies and/or mistakes, for decisions and/or actions taken by any part based on this document. The diffusion of this document does not represent solicitation by Borsa Italiana S.p.A. of public saving.

4 Year COMPILING STANDARD In the tables, a dash (-) indicates a statistical phenomenon which does not exist or which never occured; two dots (..) indicate that results did not reach the minimum set level or that they were not significant; four dots (...) indicate that data were not available at the time of publication. ABBREVIATIONS AC AEG AVV BC BIt CONSOB D DIP EST FRAZ GR INV.IST. IPO ME MOT MTA MTAI MTF3 O OBB OBB CV OCV OPA OPAS OPS OPV OPVS ORD P PP PRV R RAG RCV Rid. Vn RSP SPO ST STD SUB TAH TF TV UIC W Capital Increase Ante esercizio greenshoe Borsa Italiana announcement Blue Chip Borsa Italiana Commissione Nazionale per le Società e la Borsa Subscription right Offer reserved to employees Foreign company Share split Scrip issue Offer reserved to institutional investors Initial Public Offering Mercato Expandi Electronic bond and government securities market Electronic share market MTA International Investment Companies Ordinary share Bond Convertible bond Convertible bond Public offer for purchase Public offer for purchase and / or swap Public offer for subscription Public offer for sale Public offer for sale and subscription Ordinary share Preferred share Private Placement Peferred share Saving share Reverse stock split Convertible saving shares Per value reduction Saving share Secondary public offer Star Standard Subordinate Trading After Hours Fixed rate Variable rate Ufficio Italiano Cambi Warrant

5 Year MAIN INDICATORS (1) YEAR LISTED _ COMPANIES _ CAPITALISATION Shares Expandi MAC Total % GDP (3) VELOCITY Total Daily Avg. Market (2) Market () () % 15.1% % 15.1% % 12.2% % 19.0% % 21.1% % 29.4% % 31.1% % 9.6% % 15.0% % 14.5% % 32.6% % 43.7% % 24.1% % 24.6% % 26.1% % 25.2% % 16.9% % 18.6% % 48.3% % 69.6% % 44.5% % 43.4% % 67.6% % 106.3% % 83.8% % 112.5% % 93.3% % 120.7% % 143.6% % 137.1% % 151.9% % 157.5% % 208.3% % 185.7% MAIN INDICARTORS (1) Up to 1993 data are for companies listed on the Milan Stock Exchange. (2) Includes MTA and the companies admitted to MTA International. (3) GDP value estimated for 2008 (source Ref). NB: Blocks () in 1992, in 1993, in 1994, in 1995, in 1996, in 1997, in 1998, in 1999, in 2000, in 2001, in 2002, in 2003, in 2004, in 2005, in 2006, nel Off market () in 1992, 384 in 1993, 565 in 1994, 239 in 1995, 72 in 1996, 120 in 1997, 454 in 1998, in 1999, in 2000, in 2001, in 2002, in 2003, in 2004, in 2005, in 2006, nel Odd lots () 241 in 1995, 293 in 1996, in 1997, in CAPITALISATION ON S&P/Mib BASKET OF S&P/Mib BASKET ( and % on total domestic shares) ( and % on total shares) _ % YEAR % % YEAR % % YEAR % % YEAR % % YEAR % % YEAR % % YEAR % % YEAR % % YEAR % % YEAR % % YEAR %

6 Year MAIN INDICARTORS Listed companies: Blue Chip -Domestic Blue Chip -Foreign Star -Domestic Star Foreign Standard Domestic Standard Foreign Investment Companies MTA International Total MTA Mercato Expandi MAC Total Equity Market KEY INDICATORS - 30 DECEMBER 2008 on on on on on Flows Flows Flows Flows Flows (+46 e -17) 344 (+49 e -16) 336 (+10 e -18) Listed shares: Blue Chip Star Standard Investment Companies MTA International Total MTA Mercato Expandi MAC Total Equity Market (+46 e -20) 375 (+50 e -21) 367 (+10 e -18) Securitised Derivatives: Warrant : MTA MTAX Closed End Funds: ETF: ETC: Fixed income: - Convertible bonds MTA Mercato Expandi Total - MOT Government Bonds Bonds Eurobonds and ABSs ( e ) ( e ) ( e ) ( e ) ( e ) 17 (-6) 14 ( +4 e -7) 13 (+4 e -5) 13 (+6 e -6) 12 (+3 e -4) - (-3) - (-) (+1) 22 ( +4) 27 ( +5) 30 (+3) 29 (-1) 27 (-2) 20 ( +7) 30 ( +10) 87 (+57) 171 (+84) 279 (+108) 37 (+37) 47 (+10) 12 (+4 e -4) 14 ( +4-2) 13 (+1 e -2) 13 (+2 e -2) 12 (-1) 2 (-) 1 (-1) 2 (+1) 3 (+1) 2 (-1) (+48 e -52) 92 (+46 e -50) 91 (+43 e -44) 92 (+47 e -46) 93 (+49 e -48) 289 (+32 e -89) 305 (+71 e -55) 303 (+52 e -54) 288 (+36 e -51) 276 (+35 e -47) 58 (+12 e -3) 67 ( +15 e -6) 135 (+77 e -9) 155 (+35 e -15) 195 (+67 e -27) Nominal Value () - MTA (domestic companies) - MTAX (domestic companies) - Mercato Expandi (domestic companies) - MAC - Convertible bonds - MOT Government bonds Bonds Eurobonds and ABSs (2.2%) (12.5%) (-1.6%) (1.4%) (10.8%) 851 (7.3%) 855 (0.4%) 871 (2.0%) (15.5%) (33.8%) (25.5%) (48.8%) (16.3%) (2.9%) 5 34 (548.3%) (11.7%) (-35.3%) (9.4%) (-8.2%) (-8.2%) (3.5%) (2.4%) (1.3%) (5.1%) (6.0%) (6.1%) (7.8%) (-0.5%) (0.5%) (-8.3%) (2.5%) (13.3%) (97.3%) (11.6%) (24.1%) Capitalisation () - Blue Chip - STAR - Standard - Investment Companies - Mercato Expandi - MAC Total Domestic (20.1%) (16.0%) (13.8%) (-5.2%) (-49.3%) (34.8%) (22.6%) (29.9%) (-8.9%) (-45.6%) (-6.9%) (20.4%) (27.0%) (-19.9%) (-45.8%) (8.3%) 372 (-30.8%) (14.7%) (37.6%) (41.4%) (4.0%) (-39.1%) Capitalisation ( % GDP) - MTA - Mercato Expandi Total 41.4% 47.0% 52.1% 49.0% 24.9% 0.4% 0.5% 0.7% 0.7% 0.5% 41.8% 47.5% 52.8% 49.7% 25.4%

7 Year Capital Increase - Number of operations - Money raised () Public offer for sale and subscription - Number of operations (listed shares) - Money raised () Public offer for purchase - Number of concluded operations - Total amount () KEY INDICATORS - 30 DECEMBER 2008 YEAR 2004 YEAR 2005 YEAR 2006 YEAR 2007 YEAR MAIN INDICARTORS FINANCIAL INSTRUMENTS () Nr. of trading days Shares Blue Chip Star Standard Investment Companies MTA International Mercato Expandi MAC Total Securitised Derivatives: Warrant: Closed End Funds: ETF: ETC: Convertible Bonds: Subscription rights: MOT: - Government Bonds - Bonds - Eurobond and ABSs Blocks - Shares Off market - Shares Other moviments - Shares Index futures: - STD contracts - Notional turnover Index mini futures: - STD contracts - Notional turnover Index options: - STD contracts - Notional turnover Stock futures: - STD contracts - Notional turnover Stock options: - STD contracts - Notional turnover Elecricity Futures: - STD contracts - Notional turnover - MWH Total Daily Avg. Total Daily Avg. Total Daily Avg. Total Daily Avg. Total Daily Avg Note: The daily average is calculated with reference to the effective number of trading days; S&P/Mib derivatives trading began on , ETC trading on , MAC trading on and Electricity Futures trading on

8 Year MAIN INDICARTORS Euro million EVOLUTION OF CAPITALISATION as % of GDP 80% % 60% 50% 40% 30% 20% 10% 0% EVOLUTION OF THE NUMBER OF COMPANIES Equity Market Mercato Expandi MAC

9 Year INDICES OVERVIEW DEC DEC DEC DEC DEC DEC 2008 Var. % 2007 END MIB base = % MIBTEL last base = % S&P/MIB last base = % MIB 30 last base = % MIDEX last base = % ALL STARS last base = % MEX INDEX base = % SECTORAL MIB INDICES base = INDEX MACROSECTOR SECTOR INDUSTRIAL % FOOD % AUTO % PAPER % CHEMICALS % CONSTRUCTIONS % ELECTRONICS % MACHINARY-MECHANICAL % MISCELLANEOUS % MINERALS - METAL - OIL % TEXTILES - CLOTHING - ACCESS % SERVICES % DISTRIBUTION % PUBLISHING % PUBLIC UTILITIES % MISCELLANEOUS % TRASPORT - TOURISM % FINANCIAL % INSURANCE % BANKING % MISCELLANEOUS % HOLDING COMPANIES % REAL ESTATE CONSTRUCTIONS % FINANCIAL SERVICES %

10 Year PERIOD 2 JANUARY - 30 DECEMBER 2008 INDICES PERFORMANCE MIB INDEX MEX INDEX Days up Days no change Days down YEAR 2008 YEAR 2007 FROM 1990 FROM 1975 _ INDEX MIB MAX MIN MAX % MIN % 02 Jan May Mar Mar Dec Nov Sep Dec Oct % 19 Sep % 29 Oct % 27 Jul % 10 Oct % 16 Aug % 28 Oct % 29 May % Mibtel MAX MIN 02 Jan : May : Mar Dec : Nov : Jul S&P/Mib MAX MIN 02 Jan : May : mar Dec : Nov : Mar Mib 30 MAX MIN 02 Jan : May : Mar Dec : Nov : Oct Midex MAX MIN 02 Jan : Apr : Mar Dec : Nov Dec All Stars MAX MIN 02 Jan : May : Dec : Dec : Mex MAX MIN 02 Jan May Dec Dec Dec Nov Nov Jan

11 Year STOCK INDICES - END OF MONTH MIB MIBTEL last S&P/MIB last value var % value var % value var % prev. data end of year prev. data. end of year prev. data end of year JANUARY % 2.31% % 2.37% % 1.39% FEBRUARY % 3.68% % 3.65% % 3.06% MARCH % 4.98% % 4.71% % 4.53% APRIL % 0.45% % 0.41% % 0.03% MAY % 3.29% % 3.10% % 2.71% JUNE % 5.14% % 5.11% % 4.66% JULY % 9.87% % 9.51% % 9.03% AUGUST % 8.83% % 9.13% % 8.47% SEPTEMBER % 14.20% % 14.07% % 12.53% OCTOBER % 6.11% % 6.49% % 6.08% NOVEMBER % 10.29% % 10.09% % 10.31% DECEMBER % 13.85% % 13.78% % 15.54% INDEX JANUARY % 4.00% % 3.86% % 2.66% FEBRUARY % 8.24% % 7.49% % 5.45% MARCH % 9.62% % 9.45% % 6.23% APRIL % 10.04% % 9.87% % 5.79% MAY % 3.36% % 4.28% % 2.09% JUNE % 3.86% % 4.14% % 2.07% JULY % 4.85% % 4.88% % 2.53% AUGUST % 8.48% % 8.43% % 6.26% SEPTEMBER % 9.89% % 9.84% % 7.76% OCTOBER % 13.40% % 13.50% % 10.79% NOVEMBER % 16.40% % 15.76% % 12.79% DECEMBER % 18.99% % 19.10% % 16.05% JANUARY % 2.09% % 1.85% % 1.84% FEBRUARY % 0.00% % -0.08% % -0.67% MARCH % 2.14% % 2.03% % 0.81% APRIL % 6.72% % 6.54% % 5.60% MAY % 5.97% % 5.74% % 3.97% JUNE % 2.88% % 3.12% % 1.26% JULY % -1.07% % -0.93% % -2.93% AUGUST % -2.00% % -1.91% % -3.01% SEPTEMBER % -2.71% % -2.73% % -3.73% OCTOBER % -1.32% % -1.13% % -2.23% NOVEMBER % -6.52% % -6.44% % -5.93% DECEMBER % -8.00% % -7.81% % -6.95% JANUARY % % % % % % FEBRUARY % % % % % % MARCH % % % % % % APRIL % % % % % % MAY % % % % % % JUNE % % % % % % JULY % % % % % % AUGUST % % % % % % SEPTEMBER % % % % % % OCTOBER % % % % % % NOVEMBER % % % % % % DECEMBER % % % % % %

12 Year STOCK INDICES - END OF MONTH MIDEX last ALL STARS last MEX value var % value var % value var % prev. data end of year prev. data. end of year prev. data end of year INDEX JANUARY % 5.01% % 6.41% % 8.54% FEBRUARY % 4.69% % 10.64% % 8.63% MARCH % 3.27% % 10.50% % 8.66% APRIL % -0.25% % 12.58% % 15.36% MAY % 5.46% % 15.11% % 15.98% JUNE % 6.59% % 18.93% % 17.08% JULY % 11.01% % 27.11% % 17.98% AUGUST % 9.96% % 28.30% % 21.06% SEPTEMBER % 12.21% % 36.82% % 23.68% OCTOBER % -0.13% % 27.93% % 23.95% NOVEMBER % 5.04% % 31.41% % 23.33% DECEMBER % 6.57% % 32.87% % 22.11% JANUARY % 9.14% % 5.31% % 5.46% FEBRUARY % 15.79% % 12.13% % 10.74% MARCH % 20.73% % 18.00% % 11.38% APRIL % 24.03% % 20.67% % 13.00% MAY % 11.80% % 10.51% % 8.44% JUNE % 11.95% % 7.26% % 9.77% JULY % 15.30% % 8.57% % 13.18% AUGUST % 19.39% % 10.42% % 15.59% SEPTEMBER % 21.42% % 12.46% % 14.65% OCTOBER % 27.17% % 16.56% % 19.56% NOVEMBER % 28.63% % 17.70% % 16.26% DECEMBER % 32.37% % 21.08% % 22.48% JANUARY % 4.45% % 4.04% % 7.50% FEBRUARY % 4.02% % 4.11% % 6.40% MARCH % 7.57% % 10.49% % 6.68% APRIL % 12.39% % 14.73% % 12.70% MAY % 10.98% % 13.86% % 13.35% JUNE % 4.57% % 11.44% % 9.06% JULY % 0.04% % 9.11% % 6.28% AUGUST % -2.33% % 4.34% % 3.74% SEPTEMBER % -4.26% % -0.61% % -4.33% OCTOBER % -2.15% % 1.16% % -6.63% NOVEMBER % % % % % % DECEMBER % % % % % % JANUARY % % % % % -9.24% FEBRUARY % % % -8.96% % -9.83% MARCH % % % % % % APRIL % % % -8.75% % % MAY % % % -8.59% % % JUNE % % % % % % JULY % % % % % % AUGUST % % % % % % SEPTEMBER % % % % % % OCTOBER % % % % % % NOVEMBER % % % % % % DECEMBER % % % % % %

13 Year MONTHLY RETURN AND VOLATILITY % Mib monthly return Volatility (annual base) 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% % 70% 60% 50% 40% 30% 20% 10% 0% INDEX EQUITY AND MIB INDEX Equity Turnover () MIB Index (base = 1000) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

14 Year CAPITALISATION BY SECTOR ON MACROSECTOR SECTOR NUMBER OF NUMBER OF CAPITALISATION _ SHARES COMPANIES % TOT CAPITALISATION INDUSTRIAL FOOD % INDUSTRIAL AUTO % INDUSTRIAL PAPER % INDUSTRIAL CHEMICALS % INDUSTRIAL COSTRUCTION % INDUSTRIAL ELETTRONICS % INDUSTRIAL MACHINARY-MECHANICAL % INDUSTRIAL MISCELLANEOUS % INDUSTRIAL MINERALS-METALL-PETROLEUM % INDUSTRIAL TEXTILES-CLOTHING-ACCESS % SERVICES DISTRIBUTION % SERVICES PUBLISHING % SERVICES PUBBLIC UTILITIES % SERVICES SERVICES MISCELLAN % SERVICES TRASPORT-TURISM % FINANCIAL INSURANCE % FINANCIAL BANK % FINANCIAL FINANCIAL MISCELLAN % FINANCIAL HOLDING COMPANIES % FINANCIAL REAL ESTATE-CONSTR % FINANCIAL FINANCIAL SERVICES % INDUSTRIAL % SERVICES % FINANCIAL % TOTAL (DOMESTIC SHARES) % MERCATO EXPANDI (DOMESTIC SHARES) % MAC (DOMESTIC SHARES) % TOTAL % Note: Capitalisation is not calculated for unlimited suspended and foreign shares.

15 Year CAPITALISATION S&P/MIB ON % S&P/MIB % S&P/MIB % DOMESTIC % TOTAL DOMESTIC TOTAL MARKET MARKET 1 ENI % 21.44% 17.70% 17.11% 2 INTESA SANPAOLO % 9.65% 7.97% 7.70% 3 ENEL % 8.94% 7.38% 7.13% 4 GENERALI % 8.76% 7.23% 6.99% 5 UNICREDIT % 7.46% 6.16% 5.95% 6 TELECOM ITALIA % 4.97% 4.10% 3.97% 7 TENARIS % % 8 BANCA MONTE PASCHI SIENA % 2.72% 2.24% 2.17% 9 SNAM RETE GAS % 2.51% 2.08% 2.01% 10 ATLANTIA % 2.42% 2.00% 1.93% 11 UBI BANCA % 2.15% 1.77% 1.72% 12 FINMECCANICA % 2.04% 1.68% 1.62% 13 MEDIOBANCA % 1.93% 1.59% 1.54% 14 LUXOTTICA GROUP % 1.91% 1.58% 1.53% 15 SAIPEM % 1.70% 1.40% 1.36% 16 FIAT % 1.62% 1.34% 1.29% 17 ALLEANZA % 1.59% 1.31% 1.27% 18 MEDIASET % 1.55% 1.28% 1.24% 19 TERNA % 1.51% 1.25% 1.21% 20 STMICROELECTRONICS % % 21 A2A % 1.29% 1.06% 1.03% 22 BANCO POPOLARE % 1.03% 0.85% 0.82% 23 LOTTOMATICA % 0.87% 0.71% 0.69% 24 MEDIOLANUM % 0.72% 0.59% 0.57% 25 PARMALAT % 0.63% 0.52% 0.51% 26 PRYSMIAN % 0.63% 0.52% 0.50% 27 BUZZI UNICEM % 0.62% 0.51% 0.50% 28 BANCA POPOLARE MILANO % 0.56% 0.47% 0.45% 29 FASTWEB % 0.54% 0.44% 0.43% 30 UNIPOL % 0.53% 0.43% 0.42% 31 FONDIARIA - SAI % 0.52% 0.43% 0.42% 32 ITALCEMENTI % 0.52% 0.43% 0.41% 33 AUTOGRILL % 0.44% 0.37% 0.35% 34 PIRELLI & C % 0.44% 0.37% 0.35% 35 BULGARI % 0.43% 0.35% 0.34% 36 GEOX % 0.37% 0.31% 0.30% 37 MONDADORI EDITORE % 0.29% 0.24% 0.23% 38 IMPREGILO % 0.26% 0.22% 0.21% 39 SEAT PAGINE GIALLE % 0.16% 0.13% 0.12% 40 GRUPPO EDITORIALE L'ESPRESSO % 0.15% 0.13% 0.12% CAPITALISATION TOTAL S&P/MIB (DOMESTIC) TOTAL S&P/MIB (+ FOREIGN ) TOTAL (DOMESTIC) TOTAL (+ FOREIGN ) S&P/MIB IN % BORSA (DOMESTIC) 79.13% S&P/MIB IN % BORSA (+ FOREIGN ) 79.82%

16 Year CAPITALISATION MIDEX ON % MIDEX % MTA DOMESTIC CAPITALISATION 1 EDISON % 1.26% 2 BANCA CARIGE % 0.76% 3 SARAS % 0.62% 4 ACEA % 0.56% 5 IFIL % 0.53% 6 HERA % 0.42% 7 CAMPARI % 0.37% 8 CREDITO VALTELLINESE % 0.36% 9 ERG % 0.35% 10 CATTOLICA ASSICURAZIONI % 0.35% 11 BENETTON GROUP % 0.30% 12 CREDITO EMILIANO % 0.29% 13 MILANO ASSICURAZIONI % 0.27% 14 SIAS % 0.27% 15 TOD'S % 0.25% 16 BENI STABILI % 0.25% 17 RECORDATI % 0.22% 18 RCS MEDIAGROUP % 0.19% 19 IRIDE % 0.19% 20 ITALMOBILIARE % 0.17% 21 CIR % 0.16% 22 GEMINA % 0.15% 23 AZIMUT HOLDING % 0.15% 24 INDESIT COMPANY % 0.13% 25 AUTOSTRADA TO-MI % 0.13% 26 MAIRE TECNIMONT % 0.12% 27 TISCALI % 0.12% 28 ENIA % 0.11% 29 BANCA ITALEASE % 0.10% 30 IFI PRV % 0.10% 31 PIRELLI & C REAL ESTATE % 0.05% TOTAL MIDEX TOTAL MTA MIDEX IN % MTA 9.30%

17 Year BLUE CHIP SEGMENT CAPITALISATION OF LISTED SHARES ON 30 DECEMBER 2008 MACROSECTOR SECTOR SHARE MARKET BASKET CAPITALISATION () %TOT 1 1 SERVICES PUBLIC UTILITIES A2A MTA S&P/MIB % 2 2 SERVICES PUBLIC UTILITIES ACEA MTA MIDEX % 3 3 SERVICES TRANSPORTATION-TOURISM ALITALIA MTA SUSPENDED FINANCIAL INSURANCE ALLEANZA MTA S&P/MIB % 5 5 SERVICES TRANSPORTATION-TOURISM ATLANTIA MTA S&P/MIB % 6 6 SERVICES TRANSPORTATION-TOURISM AUTOGRILL MTA S&P/MIB % 7 7 SERVICES TRANSPORTATION-TOURISM AUTOSTRADA TO-MI MTA MIDEX % 8 8 FINANCIAL FINANCIAL SERVICES AZIMUT HOLDING MTA MIDEX % 9 9 FINANCIAL BANKING BANCA CARIGE MTA MIDEX % FINANCIAL BANKING BANCA CARIGE RSP MTA % FINANCIAL BANKING BANCA ITALEASE MTA MIDEX % FINANCIAL BANKING BANCA MONTE PASCHI SIENA MTA S&P/MIB % FINANCIAL BANKING BANCA POPOLARE MILANO MTA S&P/MIB % FOREIGN FOREIGN BANCO BILBAO VIZCAYA ARGENTARIA MTA FOREIGN FINANCIAL BANKING BANCO POPOLARE MTA S&P/MIB % FOREIGN FOREIGN BANCO SANTANDER MTA FOREIGN INDUSTRIAL TEXTILES-CLOTHING-ACCESS. BENETTON GROUP MTA MIDEX % FINANCIAL REAL ESTATE - CONSTRUCTION BENI STABILI MTA MIDEX % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. BULGARI MTA S&P/MIB % INDUSTRIAL CONSTRUCTION BUZZI UNICEM MTA S&P/MIB % INDUSTRIAL CONSTRUCTION BUZZI UNICEM RSP MTA % INDUSTRIAL FOOD CAMPARI MTA MIDEX % FINANCIAL INSURANCE CATTOLICA ASSICURAZIONI MTA MIDEX % FINANCIAL HOLDING COMPANIES CIR MTA MIDEX % FINANCIAL BANKING CREDITO BERGAMASCO MTA % FINANCIAL BANKING CREDITO EMILIANO MTA MIDEX % FINANCIAL BANKING CREDITO VALTELLINESE MTA MIDEX % SERVICES PUBLIC UTILITIES EDISON MTA MIDEX % SERVICES PUBLIC UTILITIES EDISON RSP MTA % SERVICES PUBLIC UTILITIES ENEL MTA S&P/MIB % INDUSTRIAL MINERAL-METALS-PETROLEUM ENI MTA S&P/MIB % SERVICES PUBLIC UTILITIES ENIA MTA MIDEX % INDUSTRIAL MINERAL-METALS-PETROLEUM ERG MTA MIDEX % SERVICES PUBLIC UTILITIES FASTWEB MTA S&P/MIB % INDUSTRIAL AUTO FIAT MTA S&P/MIB % INDUSTRIAL AUTO FIAT PRV MTA % INDUSTRIAL AUTO FIAT RSP MTA % INDUSTRIAL ELECTRONICS-ELECTRO. FINMECCANICA MTA S&P/MIB % FINANCIAL INSURANCE FONDIARIA - SAI MTA S&P/MIB % FINANCIAL INSURANCE FONDIARIA - SAI RSP MTA % FINANCIAL HOLDING COMPANIES GEMINA MTA MIDEX % FINANCIAL HOLDING COMPANIES GEMINA RSP MTA % FINANCIAL INSURANCE GENERALI MTA S&P/MIB % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. GEOX MTA S&P/MIB % SERVICES MEDIA GRUPPO EDITORIALE L'ESPRESSO MTA S&P/MIB % SERVICES PUBLIC UTILITIES HERA MTA MIDEX % FINANCIAL HOLDING COMPANIES IFI PRV MTA MIDEX % FINANCIAL HOLDING COMPANIES IFIL MTA MIDEX % FINANCIAL HOLDING COMPANIES IFIL RSP MTA % INDUSTRIAL CONSTRUCTION IMPREGILO MTA S&P/MIB % INDUSTRIAL CONSTRUCTION IMPREGILO RSP MTA % INDUSTRIAL ELECTRONICS-ELECTRO. INDESIT COMPANY MTA MIDEX % INDUSTRIAL ELECTRONICS-ELECTRO. INDESIT COMPANY RSP MTA % FINANCIAL BANKING INTESA SANPAOLO MTA S&P/MIB % FINANCIAL BANKING INTESA SANPAOLO RSP MTA % SERVICES PUBLIC UTILITIES IRIDE MTA MIDEX % INDUSTRIAL CONSTRUCTION ITALCEMENTI MTA S&P/MIB % INDUSTRIAL CONSTRUCTION ITALCEMENTI RSP MTA % FINANCIAL HOLDING COMPANIES ITALMOBILIARE MTA MIDEX % FINANCIAL HOLDING COMPANIES ITALMOBILIARE RSP MTA % SERVICES MISCELLANEOUS LOTTOMATICA MTA S&P/MIB % CAPITALISATION

18 Year CAPITALISATION OF LISTED SHARES ON 30 DECEMBER 2008 MACROSECTOR SECTOR SHARE MARKET BASKET CAPITALISATION () %TOT CAPITALISATION INDUSTRIAL TEXTILES-CLOTHING-ACCESS. LUXOTTICA GROUP MTA S&P/MIB % INDUSTRIAL MACHINERY-MECHANICAL MAIRE TECNIMONT MTA MIDEX % SERVICES MEDIA MEDIASET MTA S&P/MIB % FINANCIAL BANKING MEDIOBANCA MTA S&P/MIB % FINANCIAL INSURANCE MEDIOLANUM MTA S&P/MIB % FINANCIAL INSURANCE MILANO ASSICURAZIONI MTA MIDEX % FINANCIAL INSURANCE MILANO ASSICURAZIONI RSP MTA % SERVICES MEDIA MONDADORI EDITORE MTA S&P/MIB % INDUSTRIAL FOOD PARMALAT MTA S&P/MIB % INDUSTRIAL CHEMICAL PIRELLI & C MTA S&P/MIB % INDUSTRIAL CHEMICAL PIRELLI & C RSP MTA % FINANCIAL REAL ESTATE - CONSTRUCTION PIRELLI & C REAL ESTATE MTA MIDEX % INDUSTRIAL ELECTRONICS-ELECTRO. PRYSMIAN MTA S&P/MIB % SERVICES MEDIA RCS MEDIAGROUP MTA MIDEX % SERVICES MEDIA RCS MEDIAGROUP RSP MTA % INDUSTRIAL CHEMICAL RECORDATI MTA MIDEX % INDUSTRIAL MACHINERY-MECHANICAL SAIPEM MTA S&P/MIB % INDUSTRIAL MACHINERY-MECHANICAL SAIPEM RCV MTA % INDUSTRIAL MINERAL-METALS-PETROLEUM SARAS MTA MIDEX % SERVICES MEDIA SEAT PAGINE GIALLE MTA S&P/MIB % SERVICES MEDIA SEAT PAGINE GIALLE RSP MTA % SERVICES TRANSPORTATION-TOURISM SIAS MTA MIDEX % SERVICES PUBLIC UTILITIES SNAM RETE GAS MTA S&P/MIB % FOREIGN FOREIGN STMICROELECTRONICS MTA S&P/MIB FOREIGN SERVICES PUBLIC UTILITIES TELECOM ITALIA MTA S&P/MIB % SERVICES PUBLIC UTILITIES TELECOM ITALIA RSP MTA % FOREIGN FOREIGN TENARIS MTA S&P/MIB FOREIGN SERVICES PUBLIC UTILITIES TERNA MTA S&P/MIB % SERVICES PUBLIC UTILITIES TISCALI MTA MIDEX % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. TOD'S MTA MIDEX % FINANCIAL BANKING UNICREDIT MTA S&P/MIB % FINANCIAL BANKING UNICREDIT RSP MTA % FINANCIAL BANKING UBI BANCA MTA S&P/MIB % FINANCIAL INSURANCE UNIPOL MTA S&P/MIB % FINANCIAL INSURANCE UNIPOL PRV MTA % TOTAL BLUE CHIP SEGMENT % STAR SEGMENT 97 1 SERVICES MISCELLANEOUS ACOTEL GROUP MTA ALL STARS % 98 2 SERVICES PUBLIC UTILITIES ACTELIOS MTA ALL STARS % 99 3 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. AEFFE MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. AMPLIFON MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. ANSALDO STS MTA ALL STARS % SERVICES PUBLIC UTILITIES ASCOPIAVE MTA ALL STARS % INDUSTRIAL CONSTRUCTION ASTALDI MTA ALL STARS % FINANCIAL BANKING BANCA FINNAT MTA ALL STARS % FINANCIAL BANKING BANCA GENERALI MTA ALL STARS % FINANCIAL BANKING BANCA IFIS MTA ALL STARS % FINANCIAL BANKING BANCA POPOLARE ETRURIA E LAZIO MTA ALL STARS % FOREIGN FOREIGN BB BIOTECH MTA ALL STARS FOREIGN INDUSTRIAL MACHINERY-MECHANICAL BIESSE MTA ALL STARS % INDUSTRIAL MACHINERY-MECHANICAL BOLZONI MTA ALL STARS % INDUSTRIAL AUTO BREMBO MTA ALL STARS % SERVICES MEDIA BUONGIORNO MTA ALL STARS % SERVICES MISCELLANEOUS CAD IT MTA ALL STARS % SERVICES MEDIA CAIRO COMMUNICATION MTA ALL STARS % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. DAMIANI MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. CEMBRE MTA ALL STARS % INDUSTRIAL FOOD CENTRALE DEL LATTE DI TORINO MTA ALL STARS % INDUSTRIAL AUTO COBRA MTA ALL STARS %

19 Year CAPITALISATION OF LISTED SHARES ON 30 DECEMBER 2008 MACROSECTOR SECTOR SHARE MARKET BASKET CAPITALISATION () %TOT SERVICES MEDIA DADA MTA ALL STARS % SERVICES TRANSPORTATION-TOURISM D'AMICO INTERNATIONAL SHIPPING MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. DATALOGIC MTA ALL STARS % FINANCIAL HOLDING COMPANIES DEA CAPITAL MTA ALL STARS % INDUSTRIAL CHEMICAL DIASORIN MTA ALL STARS % SERVICES MEDIA DIGITAL BROS MTA ALL STARS % SERVICES DISTRIBUTION DMAIL GROUP MTA ALL STARS % SERVICES MEDIA DMT-DIGITAL MULTIMEDIA TECHNOLOGIES MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. EEMS MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. EL EN MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. ELICA MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. EMAK MTA ALL STARS % SERVICES MISCELLANEOUS ENGINEERING MTA ALL STARS % SERVICES DISTRIBUTION ESPRINET MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. EUROTECH MTA ALL STARS % SERVICES MISCELLANEOUS EXPRIVIA MTA ALL STARS % INDUSTRIAL MACHINERY-MECHANICAL FIDIA MTA ALL STARS % SERVICES MISCELLANEOUS FIERA MILANO MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. GEFRAN MTA ALL STARS % INDUSTRIAL CHEMICAL GRANITIFIANDRE MTA ALL STARS % FINANCIAL FINANCIAL SERVICES MUTUIONLINE MTA ALL STARS % FINANCIAL REAL ESTATE - CONSTRUCTION IGD - IMMOB. GRANDE DISTRIBUZIONE MTA ALL STARS % INDUSTRIAL MACHINERY-MECHANICAL IMA MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. INTERPUMP GROUP MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. IRCE MTA ALL STARS % INDUSTRIAL CHEMICAL ISAGRO MTA ALL STARS % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. IT HOLDING MTA ALL STARS % SERVICES MISCELLANEOUS IT WAY MTA ALL STARS % SERVICES MEDIA JUVENTUS FOOTBALL CLUB MTA ALL STARS % INDUSTRIAL FOOD LA DORIA MTA ALL STARS % INDUSTRIAL AUTO LANDI RENZO MTA ALL STARS % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. MARIELLA BURANI FASHION GROUP MTA ALL STARS % INDUSTRIAL FOOD MARR MTA ALL STARS % INDUSTRIAL CHEMICAL MIRATO MTA ALL STARS % SERVICES MEDIA MONDO TV MTA ALL STARS % INDUSTRIAL MACHINERY-MECHANICAL NEGRI BOSSI MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. NICE MTA ALL STARS % SERVICES MISCELLANEOUS OMNIA NETWORK MTA ALL STARS % INDUSTRIAL CHEMICAL PANARIAGROUP INDUSTRIE CERAMICHE MTA ALL STARS % INDUSTRIAL MISCELLANEOUS POLIGRAFICA S FAUSTINO MTA ALL STARS % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. POLTRONA FRAU MTA ALL STARS % INDUSTRIAL MACHINERY-MECHANICAL PRIMA INDUSTRIE MTA ALL STARS % INDUSTRIAL CONSTRUCTION RDB MTA ALL STARS % INDUSTRIAL PAPER RENO DE MEDICI MTA ALL STARS % SERVICES MISCELLANEOUS REPLY MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. SABAF MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. SAES GETTERS MTA ALL STARS % INDUSTRIAL ELECTRONICS-ELECTRO. SAES GETTERS RSP MTA ALL STARS % INDUSTRIAL MISCELLANEOUS SOCOTHERM MTA ALL STARS % INDUSTRIAL AUTO SOGEFI MTA ALL STARS % INDUSTRIAL MACHINERY-MECHANICAL TREVISAN COMETAL MTA ALL STARS % SERVICES MISCELLANEOUS TXT MTA ALL STARS % FINANCIAL REAL ESTATE - CONSTRUCTION UNI LAND MTA ALL STARS % FINANCIAL INSURANCE VITTORIA ASSICURAZIONI MTA ALL STARS % INDUSTRIAL CHEMICAL ZIGNAGO VETRO MTA ALL STARS % CAPITALISATION TOTAL STAR SEGMENT % STANDARD 1 SEGMENT SERVICES PUBLIC UTILITIES ACEGAS-APS MTA % SERVICES PUBLIC UTILITIES ACQUE POTABILI MTA %

20 Year CAPITALISATION OF LISTED SHARES ON 30 DECEMBER 2008 MACROSECTOR SECTOR SHARE MARKET BASKET CAPITALISATION () %TOT CAPITALISATION SERVICES PUBLIC UTILITIES ACSM MTA % FINANCIAL REAL ESTATE - CONSTRUCTION AEDES MTA % SERVICES TRANSPORTATION-TOURISM AEROPORTO DI FIRENZE MTA % SERVICES TRANSPORTATION-TOURISM SAT MTA % INDUSTRIAL MISCELLANEOUS AICON MTA % FINANCIAL HOLDING COMPANIES ALERION INDUSTRIES MTA % FINANCIAL FINANCIAL SERVICES ANIMA SGR MTA % INDUSTRIAL FOOD ARENA MTA % FINANCIAL BANKING BANCA INTERMOBILIARE MTA % FINANCIAL BANKING BANCA POPOLARE SPOLETO MTA % FINANCIAL BANKING BANCA PROFILO MTA % FINANCIAL BANKING BANCO DI DESIO E BRIANZA MTA % FINANCIAL BANKING BANCO DI DESIO E BRIANZA RSP MTA % FINANCIAL BANKING BANCO DI SARDEGNA RSP MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. BASICNET MTA % FINANCIAL HOLDING COMPANIES BASTOGI MTA % INDUSTRIAL ELECTRONICS-ELECTRO. BEGHELLI MTA % INDUSTRIAL ELECTRONICS-ELECTRO. BIALETTI INDUSTRIE MTA % INDUSTRIAL FOOD BONIFICHE FERRARESI MTA % FINANCIAL REAL ESTATE - CONSTRUCTION BRIOSCHI MTA % FINANCIAL HOLDING COMPANIES CALTAGIRONE MTA % SERVICES MEDIA CALTAGIRONE EDITORE MTA % SERVICES DISTRIBUTION CAMFIN MTA % INDUSTRIAL AUTO CARRARO MTA % SERVICES DISTRIBUTION CDC POINT MTA % FOREIGN FOREIGN CELL THERAPEUTICS MTA FOREIGN INDUSTRIAL CONSTRUCTION CEMENTIR HOLDING MTA % SERVICES DISTRIBUTION CHL MTA % FINANCIAL HOLDING COMPANIES CICCOLELLA MTA % SERVICES MEDIA CLASS EDITORI MTA % FINANCIAL HOLDING COMPANIES COFIDE MTA % FINANCIAL BANKING CREDITO ARTIGIANO MTA % INDUSTRIAL CHEMICAL CRESPI MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. CSP INTERNATIONAL MTA % INDUSTRIAL MACHINERY-MECHANICAL DANIELI & C MTA % INDUSTRIAL MACHINERY-MECHANICAL DANIELI & C RSP MTA % SERVICES MISCELLANEOUS DATA SERVICE MTA % INDUSTRIAL MACHINERY-MECHANICAL DE' LONGHI MTA % SERVICES PUBLIC UTILITIES ERG RENEW MTA % FINANCIAL INSURANCE ERGO PREVIDENZA MTA % SERVICES TRANSPORTATION-TOURISM EUROFLY MTA % SERVICES PUBLIC UTILITIES EUTELIA MTA % INDUSTRIAL ELECTRONICS-ELECTRO. EVEREL GROUP MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. FILATURA DI POLLONE MTA % FINANCIAL FINANCIAL SERVICES FINARTE CASA D'ASTE MTA % SERVICES MEDIA FMR ART'E' MTA % SERVICES MISCELLANEOUS FULLSIX MTA % FINANCIAL REAL ESTATE - CONSTRUCTION GABETTI PROPERTY SOLUTIONS MTA % SERVICES PUBLIC UTILITIES GAS PLUS MTA % INDUSTRIAL ELECTRONICS-ELECTRO. GEWISS MTA % INDUSTRIAL CHEMICAL GRUPPO CERAMICHE RICCHETTI MTA % SERVICES DISTRIBUTION GRUPPO COIN MTA % INDUSTRIAL MINERAL-METALS-PETROLEUM GRUPPO MINERALI MAFFEI MTA % SERVICES TRANSPORTATION-TOURISM I GRANDI VIAGGI MTA % SERVICES TRANSPORTATION-TOURISM I VIAGGI DEL VENTAGLIO MTA % SERVICES MEDIA IL SOLE 24 ORE MTA % FINANCIAL HOLDING COMPANIES IMMSI MTA % FINANCIAL HOLDING COMPANIES INTEK MTA % FINANCIAL HOLDING COMPANIES INTEK RSP MTA % FINANCIAL HOLDING COMPANIES INVESTIMENTI E SVILUPPO MTA % FINANCIAL REAL ESTATE - CONSTRUCTION IPI MTA % SERVICES MISCELLANEOUS K.R.ENERGY MTA %

21 Year CAPITALISATION OF LISTED SHARES ON 30 DECEMBER 2008 MACROSECTOR SECTOR SHARE MARKET BASKET CAPITALISATION () %TOT INDUSTRIAL CHEMICAL KINEXIA MTA % FINANCIAL HOLDING COMPANIES KME GROUP MTA % FINANCIAL HOLDING COMPANIES KME GROUP RSP MTA % INDUSTRIAL ELECTRONICS-ELECTRO. LAVORWASH MTA % SERVICES MEDIA LAZIO MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. MARCOLIN MTA % SERVICES MEDIA MEDIACONTECH MTA % SERVICES PUBLIC UTILITIES MEDITERRANEA ACQUE MTA % FINANCIAL BANKING MELIORBANCA MTA % FINANCIAL HOLDING COMPANIES MITTEL MTA % INDUSTRIAL CHEMICAL MOLMED MTA % FINANCIAL HOLDING COMPANIES MONRIF MTA % INDUSTRIAL CHEMICAL MONTEFIBRE MTA % INDUSTRIAL CHEMICAL MONTEFIBRE RSP MTA % INDUSTRIAL ELECTRONICS-ELECTRO. OLIDATA MTA % INDUSTRIAL CONSTRUCTION PERMASTEELISA MTA % INDUSTRIAL AUTO PIAGGIO & C MTA % INDUSTRIAL AUTO PININFARINA MTA % SERVICES MEDIA POLIGRAFICI EDITORIALE MTA % FINANCIAL HOLDING COMPANIES PREMAFIN FINANZIARIA - HOLD DI PART MTA % SERVICES TRANSPORTATION-TOURISM PREMUDA MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. RATTI MTA % SERVICES PUBLIC UTILITIES RETELIT MTA % INDUSTRIAL CHEMICAL RICHARD-GINORI 1735 MTA SUSPENDED FINANCIAL REAL ESTATE - CONSTRUCTION RISANAMENTO MTA % SERVICES MEDIA ROMA MTA % INDUSTRIAL MISCELLANEOUS SADI SERVIZI INDUSTRIALI MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. SAFILO GROUP MTA % SERVICES TRANSPORTATION-TOURISM SAVE - AEROPORTO DI VENEZIA MTA % FINANCIAL MISCELLANEOUS SNAI MTA % INDUSTRIAL CHEMICAL SNIA MTA % INDUSTRIAL CHEMICAL SOL MTA % FINANCIAL HOLDING COMPANIES SOPAF MTA % INDUSTRIAL MISCELLANEOUS SORIN MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. STEFANEL MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. STEFANEL RSP MTA % SERVICES MISCELLANEOUS TAS MTA % SERVICES MEDIA TELECOM ITALIA MEDIA MTA % SERVICES MEDIA TELECOM ITALIA MEDIA RSP MTA % INDUSTRIAL MACHINERY-MECHANICAL TREVI FIN INDUSTRIALE MTA % INDUSTRIAL CONSTRUCTION VIANINI LAVORI MTA % CAPITALISATION TOTAL STANDARD 1 SEGMENT % STANDARD 2 SEGMENT INDUSTRIAL CONSTRUCTION BOERO BARTOLOMEO MTA % INDUSTRIAL CONSTRUCTION VIANINI INDUSTRIA MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. ZUCCHI MTA % INDUSTRIAL TEXTILES-CLOTHING-ACCESS. ZUCCHI RSP MTA % TOTAL STANDARD 2 SEGMENT % INVESTMENT COMPANIES FINANCIAL HOLDING COMPANIES INVESTIMENTI E SVILUPPO MEDITERRANEOMTA % FINANCIAL HOLDING COMPANIES MID INDUSTRY CAPITAL MTA % FINANCIAL HOLDING COMPANIES CAPE LIVE MTA % FINANCIAL HOLDING COMPANIES ERGYCAPITAL MTA % FINANCIAL HOLDING COMPANIES MANAGEMENT & CAPITALI MTA % TOTAL INVESTMENT COMPANIES %