Press release

CDP, extraordinary shareholders’ meeting approves the modification of Articles of Association regarding the governance and the conversion of preferred shares into ordinary shares

Cassa depositi e prestiti Spa (CDP) announces that an extraordinary shareholders’ meeting, held today, has approved a further modification of Article 7, Paragraph 10, of the Articles of Association, as provided for by Article 36, paragraph 3 bis – 3 decies, of Law Decree 18 October 2012, n.

Cassa depositi e prestiti Spa (CDP) announces that an extraordinary shareholders’ meeting, held today, has approved a further modification of Article 7, Paragraph 10, of the Articles of Association, as provided for by Article 36, paragraph 3 bis – 3 decies, of Law Decree 18 October 2012, n. 179, converted into law with modifications by Law 17 December 2012, n. 221, with regards to the conditions and terms for the conversion of CDP preferred shares into ordinary shares.

There were also approved some modifications regarding company governance. In particular, the percentage of stake ownership necessary for the presentation of lists of candidates for the position of director and statutory auditor is reduced from 15% to 10%. And a provision has been introduced allowing for the chief executive officer to be drawn from the majority list, while the chairman of the board of directors is drawn from the list with the second-largest number of votes.

Rome, 19 December 2012

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