1. Vittoria De Franco Istanbul, 25 November 2011 1

2. Vittoria De Franco Istanbul, 25 November 2011 2 Futurimpresa SGR Shareholders structure Futurimpresa SGR is a General Partner (“Società di Gestione del Risparmio”) authorised by Bank of Italy on September 18th, 2009 Futurimpresa manages the 10-year private equity fund “Finanza e Sviluppo Impresa” reserved to qualified Investors 55% 18% 9% [Through Parcam S.r.l. Holding ] Futurimpresa shareholders

3. Vittoria De Franco Istanbul, 25 November 2011 3 Futurimpresa SGR “Development Capital” We provide capital to excellent Small and Medium Enterprises based in Lombardia on the principle that “successful investments create value and wealth for the firm, the investors and the society” The Fund intends to reward medium-sized companies with sound Business Plans and with a strong focus on innovation and internationalisation The average investment’s value is 2 – 3 mln euros The Fund supports its portfolio companies from an operational point of view and with a specific attention to managerial and organisational aspects Culture Management Organisation Planning Growth Innovation Internationalisation

4. Vittoria De Franco Istanbul, 25 November 2011 4 Futurimpresa SGR Futurimpresa has an “investments style” in line with its objectives and its institutional nature FUND Private funds Banks Fundations FUND Private funds Banks Fundations COMPANIES Entrepreneurial Firms COMPANIES Entrepreneurial Firms FUTURIMPRESA SGR Instiutional subject Chambers of commerce FUTURIMPRESA SGR Instiutional subject Chambers of commerce Compared with usual private funds Fururimpresa acts as a mediator, solving the implicit conflict between th and balancing interests and returns Community Balanced return Growth & Culture Economic developement

5. Vittoria De Franco Istanbul, 25 November 2011 5 Futurimpresa SGR Success cases Investment in the renewable energy sector: Futurimpresa promoted the aggregation of six enterprises in an industrial holding which developed a new innovative technology in the field of photovoltaic power generation Investment in an enterprise in the pharmaceutical sector, supporting the development of a new strategy based on the creation of its own brand and on the transition from a pull to push approach; Investment in a company specialised in the production of machinery for food industry, in order to support a plan for growth and internationalization and the development of a new product line Investment in an enterprise in the field of waste industry and ricycling with the aim of facilitating the transition of the company from pure waste trading to an integrated player