DATABANK: 2009 RESULTS OF THE TOP 170 COMPANIES

ECONOMY DATABANK: 2009 RESULTS OF THE TOP 170 COMPANIES Also this year, Databank carried out for Xylon an interesting survey, analyzing the results of the industries closest to woodworking. The 50 most important companies (in terms of net turnover in 2009) were selected in the areas of: "woodworking machinery"; "wood and furniture: production", "wood and furniture: sales, while the top-20 were included in the wooden windows and parquet segment. For each company, net turnover and number of employees in the 2008/2009 period were measured. For the same period, also the Roe indexes (declared result/own means) were calculated. The ranking of each company is based on the net turnover of 2009. The turnover data refer to consolidated financial statements, so in many cases woodworking machinery are just a part of the total turnover. Unfortunately no data extracted by type of production are available. SOME REMARKS... AT INDUSTRY LEVEL The purpose of the survey was to give a picture of the most significant (largest) manufacturers of woodworking machinery and accessories, and their customers. The overall framework can be summed up in tables 1 and 2. Five companies operating in the woodworking machinery ranking by growth rates top ten, while just three companies are included in the revenue-based one. Three companies of the wood and furniture: production industry are included in the growthbased ranking top ten, while two companies are present in the revenue-based one. Two companies of the wooden windows and parquets industry are included in the growth-based ranking and in the revenue-based one. There are no companies in wood and furniture: sales industry ranking growth-based top ten, while three companies are present in the revenue-based one. In Table 1 - TOP TEN: GROWTH Company Net turnover 2009 Net turnover 2008 Turnover variation (000 ) (000 ) 2009/2008 (%) Falcioni Srl 18,658 10,541 77.00 Del Tongo Industrie Spa 40,993 33,061 23.99 Working Process Srl 10,511 8,849 18.78 Scrigno Srl 44,660 39,833 12.12 Rubner Turenwerk Spa 18,738 17,035 10.00 Primultini Spa 12,305 11,242 9.46 Mobilificio Florida Spa 41,866 39,917 4.88 Cassioli Srl 23,192 22,533 2.92 Europeo Spa 45,184 44,118 2.42 Mion & Mosole Impianti Spa 11,041 10,860 1.67 24 XYLON INTERNATIONAL January-February 2011

Table 2 - TOP TEN: INCOME Company Roe 2009 (%) Montagna F.lli Srl 54.56 Silverox Spa 24.98 Corali Spa 24.59 Ipae - Progarden Spa 23.62 Sicil Legno Srl 22.35 Centro Tecnologico Italiano Sag Spa 21.76 Flexform Spa 19.92 Imeas Spa 18.13 Legnami Scarpaci Giuseppe Srl 15.36 Garofoli Spa 14.74 terms of total dimensions, 170 companies in all four areas considered represent a net turnover in 2009 in about 6,066 million euros, with a decrease, over 2008, equal to 23.85 percent. For each of the four industries considered, the detailed composition is given in table 3.... AND AT ORGANIZATION LEVEL The average size in terms of turnover is 23 million euros for companies in the woodworking machinery industry (it was 37 million euros in 2008); 70 million euros for wood and furniture: production (it was 87 million euros in 2008); 14 million euros for wood and furniture: sales and 36 million euros for wooden windows and parquet industry. With a good average profitability of Woodworking machinery companies, outstanding results were achieved by Corali, Cen- METHOD FOR THE DEFINITION OF RANKINGS The data used in the rankings were provided directly by the companies or taken from their balance sheets. The following calculation criteria were applied. Net turnover: net turnover includes revenues from the sales of finished products, semifinished and raw materials, royalties for know-how transfer, active commissions, fees for leasedout assets and it is net of license fees, Vat, manufacturing duties, discounts and returned sales. For engineering companies, it also includes the variation of current works. Net turnover variation: it is the percent variation of net turnover over the previous year. Employees: employees refers to the average number of employees declared in the balance sheet. Net turnover/employees: it is the ratio between net turnover and average number of employees. Roe: Roe is the percent ratio between net profits/losses and net assets. tro Tecnologico Italiano Sag and Imeas. In terms of growth Falcioni recorded excellent results, while quite good results was recorded by Del Tongo, Working Process, Scrigno, Rubner Turenwerk and Primultini. High productivity per employee characterized the wood and furniture: production industry, with an average of 217 thousand euros, with values above the average for Chateaux D Ax. Only 11 companies of the 170 considered (6.5 percent) recorded a turnover increase. One of the main reasons of this trend so negative was due to the rough shrinkage in exports, representing about 70 percent of Italian production on all major markets. by Emanuela Pezzarossa Table 3 - BALANCES Industry Number 2009 income 2008 income of Companies (000 ) (000 ) Woodworking machinery 50 1,146,436 1,833,366 Wood and furniture: production 50 3,508,850 4,362,289 Wood and furniture: sales 50 698,019 887,791 Wooden windows and parquets 20 712,711 882,384 Total 6,066,016 7,965,830 January-February 2011 XYLON INTERNATIONAL 25

ECONOMY TOP 50 COMPANIES IN THE WOODWORKING MACHINERY INDUSTRY 1 Cefla Scarl 215,769 269,023-19.80 893 242 3.03 9.99 2 Scm Group Spa 206,703 397,067-47.94 1,933 107-13.87 1.81 3 Biesse Spa 186,898 356,412-47.56 1,500 125-18,38 11.58 4 Cms Costruzioni Mac. Spec. Spa 48,543 68,781-29.42 393 124-13.99 14.82 5 Pozzo Spa 24,114 34,277-29.65 50 482-93.57 3.99 6 Imal Srl 23,684 52,030-54.48 130 182 7.07 24.46 7 Cassioli Srl 23,192 22,533 2.92 134 173 6.08 8.73 8 Costa Levigatrici Spa 20,374 33,217-38.66 180 113-6.45 6.16 9 Falcioni Srl 18,658 10,541 77.00 110 170-21.86 65.74 10 Pezzolato Off. Costruz. Mecc. Spa 16,502 18,606-11.31 120 138 0.64 1.11 11 Masterwood Spa 15,441 31,777-51.41 140 110-44.94 5.24 12 Italpresse Engineering Spa 15,310 25,424-39.78 146 105-12.88 0.33 13 Griggio Spa 14,407 30,191-52.28 101 143-26.09-1.21 14 Angelo Cremona Spa 14,291 17,447-18.09 179 80-1.28 3.12 15 Imeas Spa 14,238 17,541-18.83 82 174 18.13 12.63 16 Delmac Spa 13,685 15,639-12.49 10 1.369 11.54 36.44 17 Coral Spa 12,527 18,960-33.93 100 125-1.38 11.73 18 Primultini Spa 12,305 11,242 9.46 60 205 0.63 45.43 19 Corali Spa 11,894 14,909-20.22 72 165 24.59 8.83 20 Ormamacchine Spa 11,644 20,765-43.92 146 80-29.05-21.05 21 Mion & Mosole Impianti Spa 11,041 10,860 1.67 64 173 0.93-1.28 22 Giben International Spa 10,749 19,599-45.16 115 93-20.52 3.16 23 Working Process Srl 10,511 8,849 18.78 n.d. n.c. 11.55 26.83 24 Makor Srl 10,228 14,032-27.11 89 115-16.32 10.81 25 Stark Spa 9,894 18,086-45.29 128 78-14.42 1.23 26 Celaschi Spa 9,674 11,704-17.34 89 109-15.87-20.44 27 Busellato Spa 9,651 22,990-58.02 71 136-59.38 14.41 28 Paolino Bacci Srl 9,380 14,148-33.70 46 204-44.55 0.84 29 Elmag Spa 9,353 15,479-39.58 79 118-133.81 23.01 30 Storti Spa 9,322 22,469-58.51 120 78-6.36 2.82 31 Centro Macchine Legno Srl 9,276 13,175-29.59 62 150 4.88 6.51 32 Centro Tecn. Italiano Sag Spa 8,355 10,779-22.49 57 147 21.76 34.54 33 Centauro Spa 7,896 15,328-48.49 100 79-5.59 3.43 34 Viet Spa 7,600 12,093-37.15 61 126-64.49-17.71 35 Uniteam Srl 7,434 12,698-41.46 68 109-14 13.79 36 Sicar Spa 7,221 16,567-56.41 125 58-391.69-10.52 37 Putsch-Meniconi Srl 6,858 9,674-29.11 59 116-1.95 0.46 38 Friulmac Spa 6,443 8,646-25.48 51 126 1.02-3.36 39 Rekord Srl 6,351 7,571-16.11 50 128 8.47 37.41 40 Manni Spa 6,024 9,836-38.76 50 120 1.66 3.85 41 Gmc Service Srl 5,942 12,549-52.65 60 99 n.d. -23.52 42 Delle Vedove Levigatrici Spa 5,789 7,939-27.08 n.d. n.c. -37.86-34.85 43 Bre.Ma. Brenna Macchine Srl 5,722 13,969-59.04 58 99-1,000-10.33 44 Vivaldi Srl 5,350 6,012-11.01 n.d. n.c. 0,.26 8.24 45 IMmas Aeromeccanica Srl 5,208 6,344-17.91 n.d. n.c. -13.31-5.56 46 Essetre Spa 5,128 7,191-28.69 33 155-3.9 0.85 47 Tagliabue Fratelli Spa 5,115 6,948-26.38 37 138-8.3-2.63 48 Esa/Gv Srl 5,088 7,285-30.16 43 119-34.88 2.76 49 Paoloni Macchine Srl 4,830 10,726-54.97 57 85-46.71-10.27 50 Vitap Costruzioni Meccaniche Srl 4,800 13,414-64.22 54 89-7.14 5.88

TOP 50 COMPANIES IN THE WOOD AND FURNITURE-PRODUCTION INDUSTRY 1 Natuzzi Spa 365,591 499,525-26.81 3,059 120-12.87-6.82 2 Chateau D'Ax Spa 213,057 218,859-2.65 98 2,174 2.69 2.36 3 Scavolini Spa 174,496 181,219-3.71 537 325 6.52 8.05 4 Fantoni Spa 166,899 233,170-28.42 667 250 0.07 0.33 5 B & B Italia Spa 138,605 193,830-28.49 490 283-19.28-8.1 6 Cucine Lube Srl 122,452 131,937-7.19 278 440 0.38 5.35 7 Frati Luigi Spa 114,831 164,923-30.37 372 309-1.71 0.35 8 Veneta Cucine Spa 114,226 130,272-12.32 409 279-6.8 1.38 9 Gruppo Trombini Spa 108,020 143,755-24.86 451 240-12.92-5.03 10 Santarossa Spa 104,078 111,026-6.26 317 328 2.34 9.45 11 Poliform Spa 102,891 113,797-9.58 553 186 3.37 16.35 12 Sama Spa 102,160 139,080-26.55 167 612-1.16 0.59 13 Molteni & C. Spa 93,132 93,480-0.37 318 293 1.46 1.71 14 Snaidero R. Spa 75,128 96,418-22.08 495 152-44.34-10.8 15 Estel Office Spa 73,904 99,589-25.79 465 159-1.15 0.24 16 Aran World Srl 73,594 85,849-14.28 281 262-13.9-5.15 17 Berloni Spa 71,872 86,186-16.61 427 1,683-44.93-39.88 18 Stosa Spa 67,772 66,711 1.59 151 449 4.47 13.84 19 Alpi Spa 62,239 99,863-37.68 709 88-15.25-3.24 20 Saib Spa 62,025 82,448-24.77 150 414-1.23 1.39 21 Unifor Spa 57,608 82,228-29.94 206 280 2.54 4.93 22 Lema Spa 56,904 78,030-27.07 265 215 12.67 15.07 23 Reni Ettore Spa 48,352 59,504-18.74 288 168-4.06 0.84 24 Frezza Srl 46,358 55,964-17.16 212 219-11.49 0.16 25 Europeo Spa 45,184 44,118 2.42 171 264 2.29 1.5 26 A.L.F. Uno Spa 44,555 51,158-12.91 284 157-32.14 1.4 27 Pianca Spa 43,903 50,947-13.83 247 178 1.9-0.45 28 Mobilificio Florida Spa 41,866 39,917 4.88 157 267-10.71-4.21 29 Del Tongo Industrie Spa 40,993 33,061 23.99 190 216 1.76-4.67 30 Boffi Spa 40,913 56,192-27.19 200 205 3.51 9.17 31 Selva Spa 40,676 52,625-22.71 187 218-5.27-0.78 32 Flexform Spa 40,311 52,733-23.56 131 308 19.92 34.99 33 Faram Spa 39,722 49,342-19.50 381 104-128.3-78.59 34 Record Cucine Srl 39,506 44,677-11.57 161 245-147.3-13.5 35 IPAE - Progarden Spa 38,545 43,442-11.27 172 224 23.62 0.69 36 Valcucine Spa 36,426 41,542-12.32 172 212 2.88 9.76 37 Haworth Spa 35,986 66,758-46.09 326 110-105.2-69.38 38 Las Mobili Srl 33,629 59,700-43.67 345 97-3.01 11.74 39 Flou Spa 32,067 39,943-19.72 135 238-1.93 11.39 40 Knoll International Italia Spa 31,218 49,400-36.81 195 160-14.11 8.54 41 Arrital Cucine Spa 30,959 38,480-19.55 149 208 4.54 6.47 42 Moroso Spa 27,588 33,641-17.99 138 200 6.95 14.91 43 Ernestomeda Spa 27,470 31,107-11.69 106 259-0.49-5.27 44 Tiziana e Giuseppe Mascheroni Spa 27,453 30,922-11.22 214 128 0.08-3.75 45 Armet Spa 26,181 27,277-4.02 32 818 0.32-4.78 46 Ar-Due Spa 26,038 29,116-10.57 139 187 2.38 1.25 47 Arrex 1 Spa 25,968 32,902-21.07 149 174 2.16 5.02 48 Invernizzi Srl 25,841 33,280-22.35 149 173-3.03 1.21 49 Effezeta Srl 24,870 40,154-38.06 176 141-846.9 n.d. 50 Sicc Spa 24,762 42,170-41.28 124 200-11.28 1 January-February 2011 XYLON INTERNATIONAL 27

ECONOMY TOP 50 COMPANIES IN THE WOOD AND FURNITURE-SALES INDUSTRY 1 Imola Legno Spa 104,148 125,346-16.91 172 606-2.61-12.27 2 Corà Domenico & Figli Spa 89,161 118,903-25.01 192 464-2.81-0.94 3 Florian Legno Spa 43,997 53,125-17.18 62 710 5.36 5.13 4 Società Legnami Paganoni Spa 38,362 41,783-8.19 39 984 0.3 0.61 5 Bellotti Spa 28,547 47,306-39.65 152 188-2.08-1.08 6 Paganoni Importlegno Spa 24,438 27,853-12.26 17 1,438 0.49 0.65 7 Ala Legnami Spa 23,082 30,133-23.40 48 481-3.1-1.02 8 Piarottolegno Spa 20,780 25,411-18.22 136 153-6.92-18.63 9 Pino Legnami Spa 17,745 25,706-30.97 51 348-21.17-42.69 10 Galifi Srl 17,116 33,509-48.92 15 1,141 4.91 18.42 11 Gatti Legnami Spa 16,686 20,972-20.44 55 303 0.6 0.38 12 Basso Legnami Srl 15,723 17,500-10.15 12 1,310 0.37 0.98 13 Andrighetti Legnami Spa 14,901 16,145-7.71 27 552-12.07-6.17 14 Michele Alfano Legnameria It. Spa 13,944 15,561-10.39 46 303 6.37 3.62 15 Lo Castro Spa 12,391 13,615-8.99 47 264-5.53 0.1 16 Doriguzzi Mario Spa 12,074 15,477-21.99 23 525 0.65 0.93 17 Panalex Srl 11,746 17,775-33.92 21 559-0.62-4.56 18 Pe Pietro Legnami Spa 11,432 15,871-27.97 12 953-11.34-23.44 19 Tts Italia Spa 10,980 13,876-20.87 7,5 1,464-2.61-7.92 20 Legnopan Spa 10,601 13,863-23.53 24 441 6.08 5.21 21 Albricci Srl 9,995 10,022-0.28 18 555 3.97 2.41 22 Serugeri Comm. Carmine e C. Srl 8,908 10,229-12.91 25 356 8.85 11.2 23 Jmel Jesolana Mat. Edili e Leg. Srl 8,660 10,992-21.22 34 254-14.56-12.5 24 Antonini Legnami Srl 8,576 12,362-30.62 11 779-50.66-4.31 25 Co.Mo.La.S. Srl 8,032 11,449-29.85 27 297-2.46 0.06 26 Fratelli Gallo Spa 7,476 12,079-38.11 15 498-14.24-38.41 27 Piva Srl 7,093 9,450-24.93 13 545-1.9 7.12 28 G. Luvisoni & Co. Srl 6,760 9,610-29.65 12 563 0.45 2.58 29 Mar Gi Srl 6,599 9,526-30.72 n.d. n.c. 6.14 5.73 30 Mirrione Francesco Legnami Srl 6,592 7,151-7.81 n.d. n.c. 1.37 4.71 31 Itallegno Spa 6,308 8,061-21.75 22 286-2.35 0.89 32 Dal Lago Spa 6,297 6,789-7.25 8,5 740 6.75 5.92 33 E. Comotti Spa 5,623 6,927-18.83 14 401-6.91 9.18 34 Baldovin Legnami Spa 5,200 5,930-12.30 8 650 7.81 7.19 35 Arduini Legnami Spa 5,198 6,716-22.59 11 472-22.93 0.63 36 Veneta Legnami Spa 5,018 6,661-24.65 13 386-8.19-3.46 37 Orazio Salvo e Figli Srl 4,476 4,641-3.56 n.d. n.c. 12.81 18.76 38 Gaspare Mirrione Spa 4,318 5,398-20.00 n.d. n.c. 4.33 2.24 39 F.lli Bertolazzi G. e F. Srl 3,950 5,088-22.35 n.d. n.c. 0.73 2.46 40 Legnami Scarpaci Giuseppe Srl 3,933 4,339-9.35 n.d. n.c. 15.36 20.25 41 Giorgio Marin Spa 3,915 6,530-40.04 15 261 1.18 0.59 42 Legnami San Giorgio Spa (5) 3,691 4,201-12.15 11 335 3.76 73.6 43 Legnami Crippa Spa 3,592 4,859-26.07 n.d. n.c. -0.75-0.69 44 Tramontina Spa 3,558 n.d. n.c. 14 254-42.54 n.d. 45 Derwood Srl 3.345 3,806-12.11 n.d. n.c. 1.45 6.54 46 Bagnara Legnami Srl 3,041 3,353-9.31 n.d. n.c. -1000-92.68 47 Torrisi Salvatore Legnami Srl 2,660 3,272-18.69 6 443 7.97 12.26 48 Barbieri Legnami Srl 2,620 3,274-19.96 n.d. n.c. -3.15 0.91 49 Sicil Legno Srl 2,365 2,526-6.40 n.d. n.c. 22.35 41.22 50 Montagna F.lli Srl 2,340 2,795-16.30 n.d. n.c. 54.56-1.000 28 XYLON INTERNATIONAL January-February 2011

TOP 20 COMPANIES IN THE WOODEN WINDOWS AND PARQUET SEGMENT 1 Margaritelli Spa 113,485 173,295-34.51 603 188-19.37-10.96 2 Cocif Scarl 73,323 84,482-13.21 418 175 0.86 1.34 3 Cormo Scarl 69,121 86,282-19.89 442 156-2.55 4.58 4 3 Elle La Lav. del Legno Scarl 59,074 71,182-17.01 316 187 1.39 3.9 5 Scrigno Srl 44,660 39,833 12.12 70 638 10.35 6.88 6 Pail Serramenti Srl 34,928 38,325-8.86 279 125-5.81 1.41 7 Garofoli Spa 33,997 41,006-17.09 210 162 14.74 20.78 8 Nusco Porte Spa 29,615 31,194-5.06 163 182 0.13 0.34 9 Piero della Valentina & C. Spa 29,528 41,580-28.99 174 170 2.16 9.64 10 Lavoranti in Legno Scarl 27,087 29,944-9.54 137 198 2.78 9.89 11 Ferrerolegno Spa 26,532 30,880-14.08 85 312 14.44 24.32 12 Coop. Legno Scarl 25,151 37,830-33.52 235 107-16.61 3.63 13 Silverox Spa 21,531 27,273-21.05 155 139 24.98-35.04 14 Rubner Turenwerk Spa 18,738 17,035 10.00 n.d. n.c. 3.21 2.84 15 Soc. Coop. Prod. Serr. Dolcini Scarl 18,400 19,093-3.63 105 175-3.87 2.84 16 Gazzotti Srl 18,260 23,707-22.98 120 152-0.21 1.57 17 Albertini Spa 17,750 20,437-13.15 149 119-15.86 23.26 18 Tre P & Tre Più Spa 17,736 26,972-34.24 114 156-14.69-1.16 19 G.D. Dorigo Spa 17,454 22,120-21.09 94 186 1.34 13.98 20 Panto Spa 16,330 19,904-17.96 163 100-46.87 0.43 NOTES n.a. = not available. n.s. = not significant. n.c. = not calculable. January-February 2011 XYLON INTERNATIONAL 29