Procedures for Related Party Transactions

In accordance with Consob Regulation no. 17221/2010 and having obtained the favourable opinion of all the members of the Audit, Risk and Corporate Governance Committee (entirely made up of independent directors), the Board of Directors has unanimously approved on 3 november 2010 the "Procedure for related party transactions" and has entrusted the Audit, Risk and Corporate Governance Committee with the task of also serving "Committee for related party transactionswith the exception of remuneration issues entrusted to the Remuneration Committee.
On 5 november 2013 the Board of Directors, having heard the opinion of the Committee for Related Party Transactions, decided that the Procedure is substantially valid and effective, only introducing the definition of “transaction” and removing the provisional Article 22.2 which is no longer effective.

Rules of Conduct for Effecting Transactions with Related Parties Annual Financial Report: Rules of Conduct for Effecting Transactions with Related Parties

Last Revised: 07 Nov 2013