MARKET STATISTICS • YEAR 2008 BIt Stat - Borsa Italiana · FRAZ Share split GR Scrip issue...

M A R K E T S T A T I S T I C S • Y E A R 2 0 0 8

BIt Stat

BIt Stat M A R K E T S T A T I S T I C S

Year 2008 • 1

INDEX

MAIN INDICATORS PAGEMAIN INDICATORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3KEY INDICATORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

INDEXINDICES OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7INDICES PERFORMANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8STOCK INDICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

CAPITALISATIONCAPITALISATION BY SECTOR ON 30 DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12CAPITALISATION ON THE S&P/MIB BASKET ON 30 DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13CAPITALISATION MIDEX BASKET ON 30 DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14CAPITALISATION OF THE LISTED SHARES ON 30 DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15LISTED SHARES BY CAPITALISATION ON 30 DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21LISTED COMPANIES CAPITALISATION ON 30 DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27LISTED COMPANIES BY CAPITALISATION ON 30 DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

TURNOVERSFINANCIAL INSTRUMENTS TURNOVER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33MONTHLY TURNOVER OF FINANCIAL INSTRUMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38SHARE TRADING VOLUME DURING THE PERIOD FROM JANUARY TO DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46TOP 50 SHARES BY TURNOVER JANUARY-DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53TOP 50 SHARES BY CONTRACTS JANUARY-DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54MOT TRADING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55ETFPLUS TRADING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66CLOSED END FUNDS TRADING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72IDEM - EQUITY DERIVATES TRADING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73IDEM - SINGLE STOCK FUTURES TRADING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77IDEM - STOCK OPTIONS TRADING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93

PERFORMANCETOP 50 SHARES BY PERFORMANCE JANUARY-DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112LAST 50 SHARES BY PERFORMANCE JANUARY-DECEMBER 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113IPOS PERFORMANCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114

FINANCIAL INSTRUMENTMTA - INTERVENTION ON TRADED SHARES IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115MERCATO EXPANDI - INTERVENTION OF THE LISTED SHARES IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118MAC - INTERVENTION OF THE LISTED SHARES IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119WARRANTS LISTINGS AND DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120CLOSED END FUNDS LISTINGS AND DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121ETF AND OPEN FUNDS LISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122ETF AND OPEN FUNDS DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124ETC LISTINGS AND DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125CONVERTIBLE BONDS LISTINGS AND DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126GOVERNMENT BONDS LISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127GOVERNMENT BONDS DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128BONDS LISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129BONDS DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130EUROMOT BONDS LISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131EUROMOT BONDS DELISTINGS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133LISTINGS AND DELISTINGS OF COMPANIES AND SHARES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134

PRIMARY MARKETINVESTMENT FLOWS CHANNELED THROUGH THE EXCHANGE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135OVERSUBSCRIPTION VALUE FOR IPOS IN 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136TAKEOVER BIDS ON LISTED COMPANIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137

This document is meant for information and personal purposes only. Borsa Italiana S.p.A. accepts no liability, rising, without limi-tation to the generality of foregoing from inaccuracies and/or mistakes, for decisions and/or actions taken by any part basedon this document. The diffusion of this document does not represent solicitation by Borsa Italiana S.p.A. of public saving.


Year 2008 • 2

COMPILING STANDARD

In the tables, a dash (-) indicates a statistical phenomenon which does not exist or which never occured; two dots (..) indicatethat results did not reach the minimum set level or that they were not significant; four dots (....) indicate that data were not avai-lable at the time of publication.

ABBREVIATIONS

AC Capital IncreaseAEG Ante esercizio greenshoeAVV Borsa Italiana announcementBC Blue ChipBIt Borsa ItalianaCONSOB Commissione Nazionale per le Società e la BorsaD Subscription rightDIP Offer reserved to employeesEST Foreign companyFRAZ Share splitGR Scrip issueINV.IST. Offer reserved to institutional investorsIPO Initial Public OfferingME Mercato ExpandiMOT Electronic bond and government securities marketMTA Electronic share marketMTAI MTA InternationalMTF3 Investment Companies O Ordinary shareOBB BondOBB CV Convertible bondOCV Convertible bondOPA Public offer for purchaseOPAS Public offer for purchase and / or swapOPS Public offer for subscriptionOPV Public offer for saleOPVS Public offer for sale and subscriptionORD Ordinary shareP Preferred sharePP Private PlacementPRV Peferred shareR Saving shareRAG Reverse stock splitRCV Convertible saving sharesRid. Vn Per value reductionRSP Saving shareSPO Secondary public offerST StarSTD StandardSUB SubordinateTAH Trading After HoursTF Fixed rateTV Variable rateUIC Ufficio Italiano CambiW Warrant

MAIN INDICATORS(1)

YEAR LISTED COMPANIES CAPITALISATION TURNOVER TURNOVER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Shares Expandi MAC Total eur m % GDP (3) VELOCITY Total Daily Avg.

Market (2) Market (eur m) (eur m)

1975 154 - 154 3 835 5.3% 15.1% 578 2 1976 156 - 156 3 612 4.0% 15.1% 564 2 1977 156 - 156 2 774 2.5% 12.2% 389 2 1978 148 23 171 6 085 4.7% 19.0% 844 3 1979 145 28 173 8 269 5.2% 21.1% 1 513 6 1980 141 28 169 18 228 9.2% 29.4% 3 898 15 1981 141 36 177 23 562 9.9% 31.1% 6 497 26 1982 148 36 184 18 619 6.6% 9.6% 2 018 8 1983 150 35 185 22 592 6.9% 15.0% 3 083 12 1984 155 37 192 28 965 7.7% 14.5% 3 728 15 1985 161 35 196 54 786 13.0% 32.6% 13 671 54 1986 202 32 234 103 408 22.2% 43.7% 34 585 138 1987 225 35 260 77 950 15.3% 24.1% 21 858 86 1988 228 35 262 96 659 17.1% 24.6% 21 485 85 1989 235 35 270 118 064 19.1% 26.1% 28 001 112 1990 229 37 266 94 333 13.8% 25.2% 26 805 108 1991 231 41 272 99 081 13.3% 16.9% 16 363 66 1992 229 37 266 95 861 12.2% 18.6% 18 160 71 1993 222 37 259 128 470 15.9% 48.3% 54 173 212 1994 223 37 260 155 811 18.2% 69.6% 98 861 392 1995 221 33 254 171 668 18.6% 44.5% 72 895 292 1996 217 31 248 202 732 20.6% 43.4% 81 228 322 1997 213 26 239 314 720 30.7% 67.6% 174 991 697 1998 223 20 243 485 187 45.2% 106.3% 425 163 1 680 1999 253 17 270 726 566 65.6% 83.8% 507 425 1 998 2000 282 15 297 818 384 70.2% 112.5% 869 135 3 422 2001 282 12 294 592 319 47.4% 93.3% 658 042 2 611 2002 282 13 295 457 992 35.4% 120.7% 633 659 2 515 2003 268 11 279 487 446 36.5% 143.6% 679 017 2 695 2004 265 13 278 580 881 41.8% 137.1% 732 592 2 851 2005 264 18 282 676 606 47.5% 151.9% 954 796 3 730 2006 285 26 311 778 501 52.8% 157.5% 1 145 650 4 510 2007 306 35 3 344 733 614 48.0% 208.3% 1 574 595 6 248 2008 293 39 4 336 374 702 23.6% 185.7% 1 029 131 4 068

(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 (eur m) 5 097 in 1992, 6 643 in 1993, 6 960 in 1994, 5 396 in 1995, 3 168 in 1996, 7 314 in 1997, 18 776 in 1998, 28 370 in 1999, 46 544 in 2000, 45 493 in 2001, 28 904 in 2002, 25 521 in 2003, 24 879 in 2004, 72 104 in 2005, 89 025 in 2006,82 909 nel 2007.Off market (eur m) 1 072 in 1992, 384 in 1993, 565 in 1994, 239 in 1995, 72 in 1996, 120 in 1997, 454 in 1998, 1 441 in 1999,3 318 in 2000, 5 668 in 2001, 6 980 in 2002, 16 309 in 2003, 15 019 in 2004, 15 235 in 2005, 23 352 in 2006, 22 728 nel 2007.Odd lots (eur m) 241 in 1995, 293 in 1996, 1 041 in 1997, 1 894 in 1998.

CAPITALISATION ON S&P/Mib BASKET TURNOVER OF S&P/Mib BASKET(eur m and % on total domestic shares) (eur m and % on total shares) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

30.12.1998 365 991 75.4% YEAR 1998 331 221 77.9%30.12.1999 549 998 75.7% YEAR 1999 399 947 78.8%29.12.2000 618 896 75.6% YEAR 2000 655 027 75.4%28.12.2001 457 301 77.2% YEAR 2001 576 162 87.6%30.12.2002 355 735 77.7% YEAR 2002 570 888 90.1%30.12.2003 383 177 78.6% YEAR 2003 623 760 91.9%30.12.2004 452 003 77.8% YEAR 2004 663 868 90.6%30.12.2005 510 197 75.4% YEAR 2005 834 318 87.4%29.12.2006 573 239 73.6% YEAR 2006 980 655 85.6%28.12.2007 556 158 75.8% YEAR 2007 1 393 643 88.5%30.12.2008 296 518 79.1% YEAR 2008 941 887 91.5%


Year 2008 • 3

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Year 2008 • 4

KEY INDICATORS - 30 DECEMBER 2008

Listed companies:Blue Chip -Domestic Blue Chip -ForeignStar -DomesticStar ForeignStandard DomesticStandard ForeignInvestment CompaniesMTA InternationalTotal MTAMercato Expandi MACTotal Equity Market

Listed shares:Blue ChipStarStandardInvestment CompaniesMTA InternationalTotal MTAMercato ExpandiMACTotal Equity Market

Securitised Derivatives:Warrant :

MTAMTAX

Closed End Funds:ETF:ETC:Fixed income:- Convertible bonds

MTA Mercato Expandi Total

- MOTGovernment Bonds BondsEurobonds and ABSs

Nominal Value (eur m)- MTA (domestic companies)- MTAX (domestic companies)- Mercato Expandi (domestic companies)- MAC- Convertible bonds - MOT

Government bondsBondsEurobonds and ABSs

Capitalisation (eur m)- Blue Chip- STAR- Standard- Investment Companies- Mercato Expandi- MACTotal Domestic

Capitalisation ( % GDP)- MTA- Mercato ExpandiTotal

on 30.12.2004 on 30.12.2005 on 29.12.2006 on 28.12.2007 on 30.12.2008Flows Flows Flows Flows Flows

78 84 80 83 71 7 5 4 4 4

71 70 75 82 75 1 1 1 1 1

107 103 102 95 100 1 1 1 1 1 - - 1 3 5 - - 21 37 36

265 264 285 306 293 13 18 26 35 39

3 4 278 282 311 (+46 e -17) 344 (+49 e -16) 336 (+10 e -18)

108 114 105 110 96 75 74 79 85 77

121 113 113 101 109 - - 1 3 5 - - 21 37 36

304 301 319 336 323 14 19 27 36 40

3 4 318 320 346 (+46 e -20) 375 (+50 e -21) 367 (+10 e -18)

3 021 (+4 478 e -4 051) 4 076 (+7 253 e -6 198) 4 647 (+7 572 e -7 001) 4 408 (+7 609 e -7 848) 3 192 (+6 152 e -7 368)

17 (-6) 14 ( +4 e -7) 13 (+4 e -5) 13 (+6 e -6) 12 (+3 e -4)- (-3) - (-) - - 1 (+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)

14 15 15 16 14

96 (+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)

86 392 (2.2%) 97 233 (12.5%) 95 635 (-1.6%) 96 959 (1.4%) 107 444 (10.8%)851 (7.3%) 855 (0.4%) 871 (2.0%) 1 006 (15.5%)

1 134 (33.8%) 1 423 (25.5%) 2 117 (48.8%) 2 462 (16.3%) 2 534 (2.9%)5 34 (548.3%)

4 992 (11.7%) 3 228 (-35.3%) 3 530 (9.4%) 3 241 (-8.2%) 2 974 (-8.2%)

1 099 802 (3.5%) 1 126 504 (2.4%) 1 141 670 (1.3%) 1 199 898 (5.1%) 1 271 779 (6.0%)58 156 (6.1%) 62 701 (7.8%) 62 373 (-0.5%) 62 713 (0.5%) 57 477 (-8.3%)

426 072 (2.5%) 482 945 (13.3%) 952 868 (97.3%) 1 063 494 (11.6%) 1 319 331 (24.1%)

539 748 (20.1%) 625 842 (16.0%) 711 939 (13.8%) 674 940 (-5.2%) 341 978 (-49.3%)15 103 (34.8%) 18 513 (22.6%) 24 043 (29.9%) 21 900 (-8.9%) 11 909 (-45.6%)20 724 (-6.9%) 24 947 (20.4%) 31 692 (27.0%) 25 396 (-19.9%) 13 759 (-45.8%)

496 538 (8.3%) 372 (-30.8%)5 306 (14.7%) 7 304 (37.6%) 10 330 (41.4%) 10 742 (4.0%) 6 539 (-39.1%)

99 146 580 881 676 606 778 501 733 614 374 702

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%


Year 2008 • 5

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ICARTORS

KEY INDICATORS - 30 DECEMBER 2008

Capital Increase - Number of operations- Money raised (eur m)

Public offer for sale and subscription- Number of operations (listed shares)- Money raised (eur m)

Public offer for purchase- Number of concluded operations- Total amount (eur m)

FINANCIAL INSTRUMENTS TURNOVER(eur m)Nr. of trading daysSharesBlue ChipStarStandardInvestment CompaniesMTA InternationalMercato ExpandiMACTotalSecuritised Derivatives:Warrant:Closed End Funds:ETF:ETC:Convertible Bonds:Subscription rights:MOT:

- Government Bonds- Bonds- Eurobond and ABSs

Blocks - SharesOff market - SharesOther moviments - SharesIndex futures:- STD contracts- Notional turnoverIndex mini futures:- STD contracts- Notional turnoverIndex options:- STD contracts- Notional turnoverStock futures:- STD contracts- Notional turnoverStock options:- STD contracts- Notional turnoverElecricity Futures:- STD contracts- Notional turnover- MWH

YEAR 2004 YEAR 2005 YEAR 2006 YEAR 2007 YEAR 2008

23 21 23 13 15 3 254 12 076 5 115 3 949 7 323

18 18 26 32 7 11 967 6 836 5 341 4 392 143

19 23 15 22 21 530 19 840 7 074 5 626 3 785

Total Daily Avg. Total Daily Avg. Total Daily Avg. Total Daily Avg. Total Daily Avg.

257 256 254 252 253

718 138 2 794.3 917 110 3 568.5 1 102 341 4 339.9 1 518 261 6 024.8 1 007 669 3 998.7 6 075 23.6 18 069 70.3 21 913 86.3 25 040 99.4 11 252 44.6 7 915 30.8 18 621 72.5 18 567 73.1 24 573 97.5 7 849 31.1

- - - - 56 0.4 106 0.4 88 0.3 - - - - 488 4.4 2 833 11.2 1 176 4.7

464 1.8 996 3.9 2 287 9.0 3 778 15.0 1 091 4.3 4 0.1 7 0.03

732 592 2 850.6 954 796 3 729.7 1 145 650 4 510.4 1 574 595 6 248.4 1 029 131 4 083.9 16 468 64.1 49 363 192.1 70 900 279.1 88 777 352.3 22 786 90.4

598 2.3 1 038 4.0 976 3.8 817 3.2 118 0.5 183 0.7 277 1.1 333 1.3 884 3.5 260 1.0

3 226 12.6 8 725 34.0 17 441 68.7 31 405 124.6 46 594 184.9 403 2.3 1 500 6.0

943 3.7 1 275 5.0 1 188 4.7 920 3.7 600 2.4 350 1.4 1 019 4.0 492 1.9 422 1.7 596 2.4

139 338 542.2 108 911 423.8 111 880 440.5 139 312 552.8 165 613 657.2 7 314 28.5 11 067 43.1 7 215 28.4 6 096 24.2 5 732 22.7 3 576 13.9 3 231 12.6 3 153 12.4 3 437 13.6 5 173 20.5

25 026 97.4 73 411 285.6 89 025 350.5 82 909 389.2 .. ..3 226 12.6 15 484 60.3 23 352 91.9 22 728 106.7 .. ..

3 331 843 12 964.4 3 580 695 13 932.7 4 037 973 15 897.5 4 671 557 18 537.9 4 914 300 19 501.2 467 122 1 817.6 585 445 2 278.0 761 580 2 998.3 954 524 3 787.8 698 258 2 770.9

1 485 112 5 778.6 1 294 606 5 037.4 1 659 649 6 534.1 2 065 878 8 197.9 2 909 366 11 545.1 41 495 161.5 42 330 164.7 62 400 245.7 84 212 334.2 81 730 324.3

2 220 807 8 641.3 2 597 830 10 108.3 2 819 916 11 102.0 3 658 686 14 518.6 3 630 359 14 406.2 152 839 594.7 209 526 815.3 262 312 1 032.7 368 966 1 464.2 268 264 1 064.5

1 734 256 6 748.1 5 957 674 23 181.6 7 031 974 27 684.9 6 363 954 25 253.8 4 417 700 17 530.6 7 822 30.4 33 734 131.3 39 257 154.6 46 009 182.6 22 043 87.5

9 500 498 36 966.9 12 439 716 48 403.6 16 056 751 63 215.6 20 364 847 80 812.9 20 056 426 79 589.0 36 734 142.9 54 701 212.8 72 607 285.9 107 956 428.4 77 290 306.7

.. .. .. .. .. .. .. .. 634 16.3

.. .. .. .. .. .. .. .. 129 3.3

.. .. .. .. .. .. .. .. 1 597 272 40 955.7

Note: The daily average is calculated with reference to the effective number of trading days; S&P/Mib derivatives trading began on 22.03.2004, ETC trading on20.04.2007, MAC trading on 17.09.2007 and Electricity Futures trading on 03.11.2009.

MAI

N I

ND

ICAR

TORS


Year 2008 • 6

EVOLUTION OF CAPITALISATION

Euro million as % of GDPEuro million as % of GDP

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

900 000

1 000 000

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

0%

10%

20%

30%

40%

50%

60%

70%

80%

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

900 000

1 000 000

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

0%

10%

20%

30%

40%

50%

60%

70%

80%

EVOLUTION OF THE NUMBER OF COMPANIES

Mercato ExpandiEquity Market MACMercato ExpandiEquity Market MAC

100

125

150

175

200

225

250

275

300

325

350

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


Year 2008 • 7

IND

EX

INDICES OVERVIEW 200830 DEC 2003 30 DEC 2004 30 DEC 2005 29 DEC 2006 28 DEC 2007 30 DEC 2008 Var. %

2007 END

MIB base 2.01.1975 = 1 000 19 483 22 886 26 056 31 005 28 525 14 623 -48.74%MIBTEL last base 3.01.1994 = 10 000 19 922 23 534 26 778 31 892 29 402 15 096 -48.66%S&P/MIB last base 31.12.1997 = 24 402 26 887 30 903 35 704 41 434 38 554 19 460 -49.53%MIB 30 last base 31.12.1992 = 10 000 26 715 31 220 35 371 41 570 38 885 20 064 -48.40%MIDEX last base 30.12.1994 = 10 000 26 347 29 671 31 620 41 856 36 079 17 178 -52.39%ALL STARS last base 28.12.2001 = 10 000 9 096 10 538 14 002 16 953 14 369 8 554 -40.47%MEX INDEX base 3.01.1979=1 000 7 317 7 841 9 575 11 727 10 243 6 088 -40.56%

SECTORAL MIB INDICES base 30.12.1994 = 1 000

MACROSECTOR SECTOR

INDUSTRIAL 1 372 1 632 2 078 2 462 2 445 1 370 -43.97%FOOD 602 746 758 1 041 883 519 -41.22%AUTO 325 319 402 752 871 259 -70.26%PAPER 536 547 490 408 452 119 -73.67%CHEMICALS 1 093 1 136 1 140 1 165 1 140 650 -42.98%CONSTRUCTIONS 1 633 1 952 2 510 3 517 3 023 1 677 -44.53%ELECTRONICS. 1 134 1 288 1 484 1 829 1 794 1 018 -43.26%MACHINARY-MECHANICAL 2 187 2 736 3 922 6 006 8 114 3 565 -56.06%MISCELLANEOUS 2 099 2 594 2 424 2 612 1 681 508 -69.78%MINERALS - METAL - OIL 1 967 2 423 3 191 3 391 3 317 2 181 -34.25%TEXTILES - CLOTHING - ACCESS 1 985 2 235 2 984 3 473 3 187 1 583 -50.33%

SERVICES 3 392 4 335 3 950 4 362 4 186 2 269 -45.80%DISTRIBUTION 1 252 1 361 1 346 1 445 1 615 537 -66.75%PUBLISHING 2 001 2 076 2 091 2 140 1 555 741 -52.35%PUBLIC UTILITIES 3 330 4 380 3 881 4 333 4 320 2 405 -44.33%MISCELLANEOUS 2 343 3 501 3 850 4 390 3 354 2 269 -32.35%TRASPORT - TOURISM 4 647 6 192 6 120 6 902 7 083 3 540 -50.02%

FINANCIAL 1 761 1 994 2 512 3 076 2 687 1 239 -53.89%INSURANCE 1 448 1 688 1 976 2 250 2 127 1 275 -40.06%BANKING 2 251 2 472 3 230 3 986 3 443 1 469 -57.33%MISCELLANEOUS 3 265 5 876 7 713 8 138 6 286 2 537 -59.64%HOLDING COMPANIES 1 190 1 489 1 734 2 575 2 336 838 -64.13%REAL ESTATE CONSTRUCTIONS 1 727 2 414 3 155 4 389 2 433 1 042 -57.17%FINANCIAL SERVICES 3 338 2 032 3 133 4 483 3 628 1 735 -52.18%

IND

EXBIt Stat M A R K E T S T A T I S T I C S

Year 2008 • 8

INDICES PERFORMANCE PERIOD 2 JANUARY - 30 DECEMBER 2008

MIB INDEX MEX INDEX

Days upDays no changeDays down

YEAR 2008 YEAR 2007 FROM 1990 FROM 1975 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

MIBMAXMINMAX %MIN %

MibtelMAXMIN

S&P/MibMAXMIN

Mib 30MAXMIN

MidexMAXMIN

All StarsMAXMIN

MexMAXMIN

110 104- 1

143 148

02 Jan 2008 28 406 18 May 2007 33 363 10 Mar 2000 33 853 10 Mar 2000 33 853 05 Dec 2008 13 935 22 Nov 2007 27 872 16 Sep 1992 5 447 22 Dec 1977 654 13 Oct 2008 8.26% 19 Sep 2007 2.57% 29 Oct 1997 6.41% 27 Jul 1981 8.90%10 Oct 2008 -9.24% 16 Aug 2007 -2.91% 28 Oct 1997 -8.13% 29 May 1986 -9.80%

02 Jan 2008 - 9:45 29 404 18 May 2007 - 16:16 34 369 10 Mar 2000 35 001 .. ..05 Dec 2008 - 16:44 14 029 22 Nov 2007 - 9:55 28 524 23 Jul 1993 8 981 .. ..

02 Jan 2008 - 9:45 38 544 18 May 2007 - 17:33 44 364 06 mar 2000 50 109 .. ..05 Dec 2008 - 16:45 17 803 21 Nov 2007 - 17:05 37 184 12 Mar 2003 20 324 .. ..

02 Jan 2008 - 9:45 38 885 18 May 2006 - 17:34 44 324 07 Mar 2000 51 272 .. ..05 Dec 2008 - 16:44 18 523 21 Nov 2007 - 17:05 37 665 23 Oct 1995 12 895 .. ..

02 Jan 2008 - 9:52 36 173 26 Apr 2007 - 9:45 47 619 01 Mar 2000 38 071 .. ..05 Dec 2008 - 17:46 16 503 22 Nov 2007 - 10.33 35 286 05 Dec 1995 8 758 .. ..

02 Jan 2008 - 10:28 14 494 02 May 2007 - 11:24 19 542 12 Dec 2008 - 14:38 8 299 20 Dec 2007 - 17:02 14 010

02 Jan 2008 10 290 29 May 2007 13 516 29 Dec 2006 11 727 29 Dec 2006 11 727 22 Dec 2008 5 739 22 Nov 2007 9 955 17 Nov 1997 2 079 03 Jan 1979 1 000


Year 2008 • 9

IND

EX

STOCK INDICESMIB 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

- END OF MONTH

JANUARY 2005 23 414 2.31% 2.31% 24 091 2.37% 2.37% 31 334 1.39% 1.39%FEBRUARY 23 729 1.35% 3.68% 24 392 1.25% 3.65% 31 850 1.65% 3.06%MARCH 24 026 1.25% 4.98% 24 642 1.02% 4.71% 32 302 1.42% 4.53%APRIL 22 989 -4.32% 0.45% 23 631 -4.10% 0.41% 30 911 -4.31% 0.03%MAY 23 639 2.83% 3.29% 24 264 2.68% 3.10% 31 739 2.68% 2.71%JUNE 24 062 1.79% 5.14% 24 736 1.95% 5.11% 32 343 1.90% 4.66%JULY 25 145 4.50% 9.87% 25 772 4.19% 9.51% 33 693 4.17% 9.03%AUGUST 24 906 -0.95% 8.83% 25 682 -0.35% 9.13% 33 520 -0.51% 8.47%SEPTEMBER 26 136 4.94% 14.20% 26 846 4.53% 14.07% 34 775 3.74% 12.53%OCTOBER 24 285 -7.08% 6.11% 25 061 -6.65% 6.49% 32 782 -5.73% 6.08%NOVEMBER 25 241 3.94% 10.29% 25 909 3.38% 10.09% 34 090 3.99% 10.31%DECEMBER 26 056 3.23% 13.85% 26 778 3.35% 13.78% 35 704 4.73% 15.54%

JANUARY 2006 27 097 4.00% 4.00% 27 811 3.86% 3.86% 36 654 2.66% 2.66%FEBRUARY 28 202 4.08% 8.24% 28 784 3.50% 7.49% 37 650 2.72% 5.45%MARCH 28 562 1.28% 9.62% 29 309 1.82% 9.45% 37 928 0.74% 6.23%APRIL 28 671 0.38% 10.04% 29 422 0.39% 9.87% 37 773 -0.41% 5.79%MAY 26 931 -6.07% 3.36% 27 923 -5.09% 4.28% 36 450 -3.50% 2.09%JUNE 27 063 0.49% 3.86% 27 886 -0.13% 4.14% 36 444 -0.02% 2.07%JULY 27 321 0.95% 4.85% 28 086 0.72% 4.88% 36 606 0.44% 2.53%AUGUST 28 265 3.46% 8.48% 29 036 3.38% 8.43% 37 938 3.64% 6.26%SEPTEMBER 28 632 1.30% 9.89% 29 414 1.30% 9.84% 38 475 1.42% 7.76%OCTOBER 29 547 3.20% 13.40% 30 392 3.32% 13.50% 39 558 2.81% 10.79%NOVEMBER 30 330 2.65% 16.40% 30 997 1.99% 15.76% 40 270 1.80% 12.79%DECEMBER 31 005 2.23% 18.99% 31 892 2.89% 19.10% 41 434 2.89% 16.05%

JANUARY 2007 31 652 2.09% 2.09% 32 483 1.85% 1.85% 42 197 1.84% 1.84%FEBRUARY 31 005 -2.04% 0.00% 31 868 -1.89% -0.08% 41 155 -2.47% -0.67%MARCH 31 668 2.14% 2.14% 32 541 2.11% 2.03% 41 771 1.50% 0.81%APRIL 33 087 4.48% 6.72% 33 979 4.42% 6.54% 43 755 4.75% 5.60%MAY 32 856 -0.70% 5.97% 33 724 -0.75% 5.74% 43 079 -1.54% 3.97%JUNE 31 898 -2.92% 2.88% 32 886 -2.48% 3.12% 41 954 -2.61% 1.26%JULY 30 673 -3.84% -1.07% 31 595 -3.93% -0.93% 40 221 -4.13% -2.93%AUGUST 30 384 -0.94% -2.00% 31 282 -0.99% -1.91% 40 187 -0.08% -3.01%SEPTEMBER 30 164 -0.72% -2.71% 31 020 -0.84% -2.73% 39 889 -0.74% -3.73%OCTOBER 30 595 1.43% -1.32% 31 533 1.65% -1.13% 40 512 1.56% -2.23%NOVEMBER 28 982 -5.27% -6.52% 29 837 -5.38% -6.44% 38 975 -3.79% -5.93%DECEMBER 28 525 -1.58% -8.00% 29 402 -1.46% -7.81% 38 554 -1.08% -6.95%

JANUARY 2008 25 070 -12.11% -12.11% 25 985 -11.62% -11.62% 34 230 -11.22% -11.22%FEBRUARY 25 052 -0.07% -12.18% 25 687 -1.15% -12.64% 33 587 -1.88% -12.88%MARCH 23 505 -6.18% -17.60% 24 259 -5.56% -17.49% 31 616 -5.87% -18.00%APRIL 24 983 6.29% -12.42% 25 752 6.15% -12.41% 33 954 7.39% -11.93%MAY 24 856 -0.51% -12.86% 25 598 -0.60% -12.94% 33 225 -2.15% -13.82%JUNE 22 004 -11.47% -22.86% 22 721 -11.24% -22.72% 29 346 -11.67% -23.88%JULY 21 264 -3.36% -25.45% 21 775 -4.16% -25.94% 28 331 -3.46% -26.52%AUGUST 21 615 1.65% -24.22% 22 240 2.14% -24.36% 28 789 1.62% -25.33%SEPTEMBER 18 936 -12.39% -33.62% 19 512 -12.27% -33.64% 25 530 -11.32% -33.78%OCTOBER 15 709 -17.04% -44.93% 16 504 -15.42% -43.87% 21 367 -16.31% -44.58%NOVEMBER 15 021 -4.38% -47.34% 15 524 -5.94% -47.20% 19 987 -6.46% -48.16%DECEMBER 14 623 -2.65% -48.74% 15 096 -2.76% -48.66% 19 460 -2.64% -49.53%

IND

EXBIt Stat M A R K E T S T A T I S T I C S

Year 2008 • 10

STOCK INDICESMIDEX 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

- END OF MONTH

JANUARY 2005 31 158 5.01% 5.01% 11 213 6.41% 6.41% 8 511 8.54% 8.54%FEBRUARY 31 064 -0.30% 4.69% 11 659 3.98% 10.64% 8 518 0.08% 8.63%MARCH 30 642 -1.36% 3.27% 11 645 -0.12% 10.50% 8 520 0.02% 8.66%APRIL 29 596 -3.41% -0.25% 11 864 1.88% 12.58% 9 045 6.16% 15.36%MAY 31 290 5.72% 5.46% 12 130 2.24% 15.11% 9 094 0.54% 15.98%JUNE 31 626 1.07% 6.59% 12 533 3.32% 18.93% 9 180 0.95% 17.08%JULY 32 938 4.15% 11.01% 13 395 6.88% 27.11% 9 251 0.77% 17.98%AUGUST 32 626 -0.95% 9.96% 13 520 0.93% 28.30% 9 492 2.61% 21.06%SEPTEMBER 33 293 2.04% 12.21% 14 418 6.64% 36.82% 9 698 2.17% 23.68%OCTOBER 29 633 -10.99% -0.13% 13 481 -6.50% 27.93% 9 719 0.22% 23.95%NOVEMBER 31 165 5.17% 5.04% 13 848 2.72% 31.41% 9 670 -0.50% 23.33%DECEMBER 31 620 1.46% 6.57% 14 002 1.11% 32.87% 9 575 -0.98% 22.11%

JANUARY 2006 34 510 9.14% 9.14% 14 745 5.31% 5.31% 10 098 5.46% 5.46%FEBRUARY 36 613 6.09% 15.79% 15 700 6.48% 12.13% 10 603 5.00% 10.74%MARCH 38 176 4.27% 20.73% 16 523 5.24% 18.00% 10 665 0.58% 11.38%APRIL 39 218 2.73% 24.03% 16 896 2.26% 20.67% 10 820 1.45% 13.00%MAY 35 352 -9.86% 11.80% 15 473 -8.42% 10.51% 10 383 -4.04% 8.44%JUNE 35 398 0.13% 11.95% 15 018 -2.94% 7.26% 10 510 1.22% 9.77%JULY 36 457 2.99% 15.30% 15 202 1.23% 8.57% 10 837 3.11% 13.18%AUGUST 37 750 3.55% 19.39% 15 461 1.70% 10.42% 11 068 2.13% 15.59%SEPTEMBER 38 392 1.70% 21.42% 15 747 1.85% 12.46% 10 978 -0.81% 14.65%OCTOBER 40 210 4.74% 27.17% 16 321 3.65% 16.56% 11 448 4.28% 19.56%NOVEMBER 40 672 1.15% 28.63% 16 480 0.97% 17.70% 11 132 -2.76% 16.26%DECEMBER 41 856 2.91% 32.37% 16 953 2.87% 21.08% 11 727 5.34% 22.48%

JANUARY 2007 43 719 4.45% 4.45% 17 638 4.04% 4.04% 12 606 7.50% 7.50%FEBRUARY 43 537 -0.42% 4.02% 17 649 0.06% 4.11% 12 477 -1.02% 6.40%MARCH 45 025 3.42% 7.57% 18 731 6.13% 10.49% 12 510 0.26% 6.68%APRIL 47 041 4.48% 12.39% 19 451 3.84% 14.73% 13 216 5.64% 12.70%MAY 46 453 -1.25% 10.98% 19 303 -0.76% 13.86% 13 292 0.58% 13.35%JUNE 43 769 -5.78% 4.57% 18 893 -2.12% 11.44% 12 789 -3.78% 9.06%JULY 41 871 -4.34% 0.04% 18 497 -2.10% 9.11% 12 464 -2.54% 6.28%AUGUST 40 881 -2.36% -2.33% 17 688 -4.37% 4.34% 12 166 -2.39% 3.74%SEPTEMBER 40 074 -1.97% -4.26% 16 850 -4.74% -0.61% 11 219 -7.78% -4.33%OCTOBER 40 956 2.20% -2.15% 17 150 1.78% 1.16% 10 950 -2.40% -6.63%NOVEMBER 37 261 -9.02% -10.98% 14 971 -12.71% -11.69% 10 300 -5.94% -12.17%DECEMBER 36 079 -3.17% -13.80% 14 369 -4.02% -15.24% 10 243 -0.55% -12.65%

JANUARY 2008 31 498 -12.70% -12.70% 12 621 -12.17% -12.17% 9 297 -9.24% -9.24%FEBRUARY 31 233 -0.84% -13.43% 13 082 3.65% -8.96% 9 236 -0.66% -9.83%MARCH 29 904 -4.26% -17.12% 12 767 -2.41% -11.15% 8 892 -3.72% -13.19%APRIL 30 155 0.84% -16.42% 13 111 2.69% -8.75% 8 924 0.36% -12.88%MAY 30 753 1.98% -14.76% 13 134 0.18% -8.59% 8 665 -2.90% -15.41%JUNE 26 590 -13.54% -26.30% 12 069 -8.11% -16.01% 7 608 -12.20% -25.72%JULY 25 402 -4.47% -29.59% 11 965 -0.86% -16.73% 7 399 -2.75% -27.77%AUGUST 26 905 5.92% -25.43% 12 355 3.26% -14.02% 7 709 4.19% -24.74%SEPTEMBER 22 666 -15.76% -37.18% 10 731 -13.14% -25.32% 6 815 -11.60% -33.47%OCTOBER 19 131 -15.60% -46.97% 9 307 -13.27% -35.23% 6 408 -5.97% -37.44%NOVEMBER 17 985 -5.99% -50.15% 8 686 -6.67% -39.55% 6 163 -3.82% -39.83%DECEMBER 17 178 -4.49% -52.39% 8 554 -1.52% -40.47% 6 088 -1.22% -40.56%


Year 2008 • 11

IND

EX

MONTHLY RETURN AND VOLATILITY

% Mib monthly return Volatility (annual base)% Mib monthly return Volatility (annual base)

-20%-15%-10%-5%0%5%

10%15%20%25%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080%

10%20%30%40%50%60%70%80%

EQUITY TURNOVER AND MIB INDEX

0

1 500

3 000

4 500

6 000

7 500

9 000

10 500

12 000

13 500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec10 500

12 500

14 500

16 500

18 500

20 500

22 500

24 500

26 500

28 500

0

1 500

3 000

4 500

6 000

7 500

9 000

10 500

12 000

13 500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec10 500

12 500

14 500

16 500

18 500

20 500

22 500

24 500

26 500

28 500

Equity Turnover (eur m) Equity Turnover (eur m)

MIB Index(base 2.1.1975 = 1000)

MIB Index(base 2.1.1975 = 1000)

CAPI

TALI

SATI

ON


Year 2008 • 12

CAPITALISATION BY SECTOR ON 30.12.2008 MACROSECTOR SECTOR NUMBER OF NUMBER OF CAPITALISATION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

SHARES COMPANIES eur m % TOT

INDUSTRIAL FOOD 7 7 3 937.6 1.1% INDUSTRIAL AUTO 10 8 6 948.2 1.9% INDUSTRIAL PAPER 1 1 57.2 0.02% INDUSTRIAL CHEMICALS 17 15 4 093.6 1.1% INDUSTRIAL COSTRUCTION 13 10 6 595.1 1.8% INDUSTRIAL ELETTRONICS 26 24 11 967.5 3.2% INDUSTRIAL MACHINARY-MECHANICAL 14 12 7 612.9 2.0% INDUSTRIAL MISCELLANEOUS 5 5 374.8 0.1% INDUSTRIAL MINERALS-METALL-PETROLEUM 4 4 69 942.7 18.7% INDUSTRIAL TEXTILES-CLOTHING-ACCESS 20 18 11 470.2 3.1% SERVICES DISTRIBUTION 6 6 627.4 0.2% SERVICES PUBLISHING 24 21 9 014.3 2.4% SERVICES PUBBLIC UTILITIES 24 22 77 329.7 20.6% SERVICES SERVICES MISCELLAN. 14 14 3 778.1 1.0% SERVICES TRASPORT-TURISM 12 12 11 176.6 3.0% FINANCIAL INSURANCE 12 9 41 507.5 11.1% FINANCIAL BANK 27 23 91 124.7 24.3% FINANCIAL FINANCIAL MISCELLAN. 1 1 242.8 0.1% FINANCIAL HOLDING COMPANIES 29 24 7 462.9 2.0% FINANCIAL REAL ESTATE-CONSTR. 9 9 1 947.0 0.5% FINANCIAL FINANCIAL SERVICES 4 4 806.5 0.2%

INDUSTRIAL 117 104 122 999.9 32.8% SERVICES 80 75 101 926.1 27.2% FINANCIAL 82 70 143 091.4 38.2%

TOTAL (DOMESTIC SHARES) 279 249 368 017.5 98.2%

MERCATO EXPANDI (DOMESTIC SHARES) 40 39 6 539.0 1.7%

MAC (DOMESTIC SHARES) 4 4 145.9 0.04%

TOTAL 323 292 374 702.4 100.0%

Note: Capitalisation is not calculated for unlimited suspended and foreign shares.


Year 2008 • 13

CAPITALISATION

CAPITALISATION S&P/MIB ON 30.12.2008eur m % S&P/MIB % S&P/MIB % DOMESTIC % TOTAL

DOMESTIC TOTAL MARKET MARKET

1 ENI 66 312.06 22.36% 21.44% 17.70% 17.11% 2 INTESA SANPAOLO 29 851.84 10.07% 9.65% 7.97% 7.70% 3 ENEL 27 635.54 9.32% 8.94% 7.38% 7.13% 4 GENERALI 27 082.61 9.13% 8.76% 7.23% 6.99% 5 UNICREDIT 23 063.92 7.78% 7.46% 6.16% 5.95% 6 TELECOM ITALIA 15 376.89 5.19% 4.97% 4.10% 3.97% 7 TENARIS 8 593.77 .. 2.78% .. 2.22% 8 BANCA MONTE PASCHI SIENA 8 409.29 2.84% 2.72% 2.24% 2.17% 9 SNAM RETE GAS 7 777.26 2.62% 2.51% 2.08% 2.01%

10 ATLANTIA 7 480.38 2.52% 2.42% 2.00% 1.93% 11 UBI BANCA 6 646.07 2.24% 2.15% 1.77% 1.72% 12 FINMECCANICA 6 295.72 2.12% 2.04% 1.68% 1.62% 13 MEDIOBANCA 5 956.64 2.01% 1.93% 1.59% 1.54% 14 LUXOTTICA GROUP 5 912.67 1.99% 1.91% 1.58% 1.53% 15 SAIPEM 5 258.15 1.77% 1.70% 1.40% 1.36% 16 FIAT 5 012.14 1.69% 1.62% 1.34% 1.29% 17 ALLEANZA 4 917.63 1.66% 1.59% 1.31% 1.27% 18 MEDIASET 4 799.35 1.62% 1.55% 1.28% 1.24% 19 TERNA 4 684.86 1.58% 1.51% 1.25% 1.21% 20 STMICROELECTRONICS 4 177.66 .. 1.35% .. 1.08% 21 A2A 3 981.38 1.34% 1.29% 1.06% 1.03% 22 BANCO POPOLARE 3 192.63 1.08% 1.03% 0.85% 0.82% 23 LOTTOMATICA 2 677.71 0.90% 0.87% 0.71% 0.69% 24 MEDIOLANUM 2 224.98 0.75% 0.72% 0.59% 0.57% 25 PARMALAT 1 962.18 0.66% 0.63% 0.52% 0.51% 26 PRYSMIAN 1 954.12 0.66% 0.63% 0.52% 0.50% 27 BUZZI UNICEM 1 922.44 0.65% 0.62% 0.51% 0.50% 28 BANCA POPOLARE MILANO 1 744.20 0.59% 0.56% 0.47% 0.45% 29 FASTWEB 1 664.50 0.56% 0.54% 0.44% 0.43% 30 UNIPOL 1 628.22 0.55% 0.53% 0.43% 0.42% 31 FONDIARIA - SAI 1 609.62 0.54% 0.52% 0.43% 0.42% 32 ITALCEMENTI 1 596.12 0.54% 0.52% 0.43% 0.41% 33 AUTOGRILL 1 375.21 0.46% 0.44% 0.37% 0.35% 34 PIRELLI & C 1 374.28 0.46% 0.44% 0.37% 0.35% 35 BULGARI 1 324.58 0.45% 0.43% 0.35% 0.34% 36 GEOX 1 144.46 0.39% 0.37% 0.31% 0.30% 37 MONDADORI EDITORE 901.63 0.30% 0.29% 0.24% 0.23% 38 IMPREGILO 808.82 0.27% 0.26% 0.22% 0.21% 39 SEAT PAGINE GIALLE 479.61 0.16% 0.16% 0.13% 0.12% 40 GRUPPO EDITORIALE L'ESPRESSO 478.11 0.16% 0.15% 0.13% 0.12%

TOTAL S&P/MIB (DOMESTIC) 296 517.8 TOTAL S&P/MIB (+ FOREIGN ) 309 289.2

TOTAL (DOMESTIC) 374 702.4 TOTAL (+ FOREIGN ) 387 473.8

S&P/MIB IN % BORSA (DOMESTIC) 79.13%S&P/MIB IN % BORSA (+ FOREIGN ) 79.82%

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Year 2008 • 14

CAPITALISATION MIDEX ON 30.12.2008eur m % MIDEX % MTA

DOMESTIC

1 EDISON 4 651.44 13.59% 1.26% 2 BANCA CARIGE 2 805.86 8.20% 0.76% 3 SARAS 2 297.35 6.71% 0.62% 4 ACEA 2 052.98 6.00% 0.56% 5 IFIL 1 935.18 5.65% 0.53% 6 HERA 1 538.99 4.50% 0.42% 7 CAMPARI 1 377.75 4.03% 0.37% 8 CREDITO VALTELLINESE 1 309.54 3.83% 0.36% 9 ERG 1 290.22 3.77% 0.35%

10 CATTOLICA ASSICURAZIONI 1 277.84 3.73% 0.35% 11 BENETTON GROUP 1 098.79 3.21% 0.30% 12 CREDITO EMILIANO 1 057.22 3.09% 0.29% 13 MILANO ASSICURAZIONI 1 002.73 2.93% 0.27% 14 SIAS 983.07 2.87% 0.27% 15 TOD'S 937.92 2.74% 0.25% 16 BENI STABILI 918.32 2.68% 0.25% 17 RECORDATI 815.53 2.38% 0.22% 18 RCS MEDIAGROUP 715.93 2.09% 0.19% 19 IRIDE 688.55 2.01% 0.19% 20 ITALMOBILIARE 636.51 1.86% 0.17% 21 CIR 573.95 1.68% 0.16% 22 GEMINA 549.83 1.61% 0.15% 23 AZIMUT HOLDING 536.82 1.57% 0.15% 24 INDESIT COMPANY 480.35 1.40% 0.13% 25 AUTOSTRADA TO-MI 476.93 1.39% 0.13% 26 MAIRE TECNIMONT 449.63 1.31% 0.12% 27 TISCALI 437.46 1.28% 0.12% 28 ENIA 408.43 1.19% 0.11% 29 BANCA ITALEASE 374.97 1.10% 0.10% 30 IFI PRV 368.86 1.08% 0.10% 31 PIRELLI & C REAL ESTATE 172.32 0.50% 0.05%

TOTAL MIDEX 34 221.27

TOTAL MTA 368 017.47

MIDEX IN % MTA 9.30%


Year 2008 • 15

CAPITALISATION

BLUE CHIP SEGMENT

1 1 SERVICES PUBLIC UTILITIES A2A MTA S&P/MIB 3 981.38 1.06%2 2 SERVICES PUBLIC UTILITIES ACEA MTA MIDEX 2 052.98 0.55%3 3 SERVICES TRANSPORTATION-TOURISM ALITALIA MTA SUSPENDED ..4 4 FINANCIAL INSURANCE ALLEANZA MTA S&P/MIB 4 917.63 1.31%5 5 SERVICES TRANSPORTATION-TOURISM ATLANTIA MTA S&P/MIB 7 480.38 2.00%6 6 SERVICES TRANSPORTATION-TOURISM AUTOGRILL MTA S&P/MIB 1 375.21 0.37%7 7 SERVICES TRANSPORTATION-TOURISM AUTOSTRADA TO-MI MTA MIDEX 476.93 0.13%8 8 FINANCIAL FINANCIAL SERVICES AZIMUT HOLDING MTA MIDEX 536.82 0.14%9 9 FINANCIAL BANKING BANCA CARIGE MTA MIDEX 2 805.86 0.75%

10 10 FINANCIAL BANKING BANCA CARIGE RSP MTA 353.23 0.09%11 11 FINANCIAL BANKING BANCA ITALEASE MTA MIDEX 374.97 0.10%12 12 FINANCIAL BANKING BANCA MONTE PASCHI SIENA MTA S&P/MIB 8 409.29 2.24%13 13 FINANCIAL BANKING BANCA POPOLARE MILANO MTA S&P/MIB 1 744.20 0.47%14 14 FOREIGN FOREIGN BANCO BILBAO VIZCAYA ARGENTARIA MTA FOREIGN ..15 15 FINANCIAL BANKING BANCO POPOLARE MTA S&P/MIB 3 192.63 0.85%16 16 FOREIGN FOREIGN BANCO SANTANDER MTA FOREIGN ..17 17 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. BENETTON GROUP MTA MIDEX 1 098.79 0.29%18 18 FINANCIAL REAL ESTATE - CONSTRUCTION BENI STABILI MTA MIDEX 918.32 0.25%19 19 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. BULGARI MTA S&P/MIB 1 324.58 0.35%20 20 INDUSTRIAL CONSTRUCTION BUZZI UNICEM MTA S&P/MIB 1 922.44 0.51%21 21 INDUSTRIAL CONSTRUCTION BUZZI UNICEM RSP MTA 263.24 0.07%22 22 INDUSTRIAL FOOD CAMPARI MTA MIDEX 1 377.75 0.37%23 23 FINANCIAL INSURANCE CATTOLICA ASSICURAZIONI MTA MIDEX 1 277.84 0.34%24 24 FINANCIAL HOLDING COMPANIES CIR MTA MIDEX 573.95 0.15%25 25 FINANCIAL BANKING CREDITO BERGAMASCO MTA 1 458.91 0.39%26 26 FINANCIAL BANKING CREDITO EMILIANO MTA MIDEX 1 057.22 0.28%27 27 FINANCIAL BANKING CREDITO VALTELLINESE MTA MIDEX 1 309.54 0.35%28 28 SERVICES PUBLIC UTILITIES EDISON MTA MIDEX 4 651.44 1.24%29 29 SERVICES PUBLIC UTILITIES EDISON RSP MTA 128.54 0.03%30 30 SERVICES PUBLIC UTILITIES ENEL MTA S&P/MIB 27 635.54 7.38%31 31 INDUSTRIAL MINERAL-METALS-PETROLEUM ENI MTA S&P/MIB 66 312.06 17.70%32 32 SERVICES PUBLIC UTILITIES ENIA MTA MIDEX 408.43 0.11%33 33 INDUSTRIAL MINERAL-METALS-PETROLEUM ERG MTA MIDEX 1 290.22 0.34%34 34 SERVICES PUBLIC UTILITIES FASTWEB MTA S&P/MIB 1 664.50 0.44%35 35 INDUSTRIAL AUTO FIAT MTA S&P/MIB 5 012.14 1.34%36 36 INDUSTRIAL AUTO FIAT PRV MTA 246.56 0.07%37 37 INDUSTRIAL AUTO FIAT RSP MTA 243.85 0.07%38 38 INDUSTRIAL ELECTRONICS-ELECTRO. FINMECCANICA MTA S&P/MIB 6 295.72 1.68%39 39 FINANCIAL INSURANCE FONDIARIA - SAI MTA S&P/MIB 1 609.62 0.43%40 40 FINANCIAL INSURANCE FONDIARIA - SAI RSP MTA 345.49 0.09%41 41 FINANCIAL HOLDING COMPANIES GEMINA MTA MIDEX 549.83 0.15%42 42 FINANCIAL HOLDING COMPANIES GEMINA RSP MTA 2.30 0.001%43 43 FINANCIAL INSURANCE GENERALI MTA S&P/MIB 27 082.61 7.23%44 44 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. GEOX MTA S&P/MIB 1 144.46 0.31%45 45 SERVICES MEDIA GRUPPO EDITORIALE L'ESPRESSO MTA S&P/MIB 478.11 0.13%46 46 SERVICES PUBLIC UTILITIES HERA MTA MIDEX 1 538.99 0.41%47 47 FINANCIAL HOLDING COMPANIES IFI PRV MTA MIDEX 368.86 0.10%48 48 FINANCIAL HOLDING COMPANIES IFIL MTA MIDEX 1 935.18 0.52%49 49 FINANCIAL HOLDING COMPANIES IFIL RSP MTA 62.01 0.02%50 50 INDUSTRIAL CONSTRUCTION IMPREGILO MTA S&P/MIB 808.82 0.22%51 51 INDUSTRIAL CONSTRUCTION IMPREGILO RSP MTA 10.80 0.003%52 52 INDUSTRIAL ELECTRONICS-ELECTRO. INDESIT COMPANY MTA MIDEX 480.35 0.13%53 53 INDUSTRIAL ELECTRONICS-ELECTRO. INDESIT COMPANY RSP MTA 2.26 0.001%54 54 FINANCIAL BANKING INTESA SANPAOLO MTA S&P/MIB 29 851.84 7.97%55 55 FINANCIAL BANKING INTESA SANPAOLO RSP MTA 1 663.86 0.44%56 56 SERVICES PUBLIC UTILITIES IRIDE MTA MIDEX 688.55 0.18%57 57 INDUSTRIAL CONSTRUCTION ITALCEMENTI MTA S&P/MIB 1 596.12 0.43%58 58 INDUSTRIAL CONSTRUCTION ITALCEMENTI RSP MTA 520.92 0.14%59 59 FINANCIAL HOLDING COMPANIES ITALMOBILIARE MTA MIDEX 636.51 0.17%60 60 FINANCIAL HOLDING COMPANIES ITALMOBILIARE RSP MTA 323.03 0.09%61 61 SERVICES MISCELLANEOUS LOTTOMATICA MTA S&P/MIB 2 677.71 0.71%

CAPITALISATION OF LISTED SHARES ON 30 DECEMBER 2008MACROSECTOR SECTOR SHARE MARKET BASKET CAPITALISATION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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Year 2008 • 16


(eur m) %TOT

62 62 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. LUXOTTICA GROUP MTA S&P/MIB 5 912.67 1.58%63 63 INDUSTRIAL MACHINERY-MECHANICAL MAIRE TECNIMONT MTA MIDEX 449.63 0.12%64 64 SERVICES MEDIA MEDIASET MTA S&P/MIB 4 799.35 1.28%65 65 FINANCIAL BANKING MEDIOBANCA MTA S&P/MIB 5 956.64 1.59%66 66 FINANCIAL INSURANCE MEDIOLANUM MTA S&P/MIB 2 224.98 0.59%67 67 FINANCIAL INSURANCE MILANO ASSICURAZIONI MTA MIDEX 1 002.73 0.27%68 68 FINANCIAL INSURANCE MILANO ASSICURAZIONI RSP MTA 69.15 0.02%69 69 SERVICES MEDIA MONDADORI EDITORE MTA S&P/MIB 901.63 0.24%70 70 INDUSTRIAL FOOD PARMALAT MTA S&P/MIB 1 962.18 0.52%71 71 INDUSTRIAL CHEMICAL PIRELLI & C MTA S&P/MIB 1 374.28 0.37%72 72 INDUSTRIAL CHEMICAL PIRELLI & C RSP MTA 35.85 0.01%73 73 FINANCIAL REAL ESTATE - CONSTRUCTION PIRELLI & C REAL ESTATE MTA MIDEX 172.32 0.05%74 74 INDUSTRIAL ELECTRONICS-ELECTRO. PRYSMIAN MTA S&P/MIB 1 954.12 0.52%75 75 SERVICES MEDIA RCS MEDIAGROUP MTA MIDEX 715.93 0.19%76 76 SERVICES MEDIA RCS MEDIAGROUP RSP MTA 21.40 0.01%77 77 INDUSTRIAL CHEMICAL RECORDATI MTA MIDEX 815.53 0.22%78 78 INDUSTRIAL MACHINERY-MECHANICAL SAIPEM MTA S&P/MIB 5 258.15 1.40%79 79 INDUSTRIAL MACHINERY-MECHANICAL SAIPEM RCV MTA 2.51 0.001%80 80 INDUSTRIAL MINERAL-METALS-PETROLEUM SARAS MTA MIDEX 2 297.35 0.61%81 81 SERVICES MEDIA SEAT PAGINE GIALLE MTA S&P/MIB 479.61 0.13%82 82 SERVICES MEDIA SEAT PAGINE GIALLE RSP MTA 7.97 0.002%83 83 SERVICES TRANSPORTATION-TOURISM SIAS MTA MIDEX 983.07 0.26%84 84 SERVICES PUBLIC UTILITIES SNAM RETE GAS MTA S&P/MIB 7 777.26 2.08%85 85 FOREIGN FOREIGN STMICROELECTRONICS MTA S&P/MIB FOREIGN ..86 86 SERVICES PUBLIC UTILITIES TELECOM ITALIA MTA S&P/MIB 15 376.89 4.10%87 87 SERVICES PUBLIC UTILITIES TELECOM ITALIA RSP MTA 4 733.25 1.26%88 88 FOREIGN FOREIGN TENARIS MTA S&P/MIB FOREIGN ..89 89 SERVICES PUBLIC UTILITIES TERNA MTA S&P/MIB 4 684.86 1.25%90 90 SERVICES PUBLIC UTILITIES TISCALI MTA MIDEX 437.46 0.12%91 91 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. TOD'S MTA MIDEX 937.92 0.25%92 92 FINANCIAL BANKING UNICREDIT MTA S&P/MIB 23 063.92 6.16%93 93 FINANCIAL BANKING UNICREDIT RSP MTA 47.11 0.01%94 94 FINANCIAL BANKING UBI BANCA MTA S&P/MIB 6 646.07 1.77%95 95 FINANCIAL INSURANCE UNIPOL MTA S&P/MIB 1 628.22 0.43%96 96 FINANCIAL INSURANCE UNIPOL PRV MTA 696.74 0.19%

TOTAL BLUE CHIP SEGMENT 341 978.07 91.27%

STAR SEGMENT

97 1 SERVICES MISCELLANEOUS ACOTEL GROUP MTA ALL STARS 161.45 0.04%98 2 SERVICES PUBLIC UTILITIES ACTELIOS MTA ALL STARS 203.93 0.05%99 3 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. AEFFE MTA ALL STARS 71.78 0.02%

100 4 INDUSTRIAL ELECTRONICS-ELECTRO. AMPLIFON MTA ALL STARS 163.88 0.04%101 5 INDUSTRIAL ELECTRONICS-ELECTRO. ANSALDO STS MTA ALL STARS 999.76 0.27%102 6 SERVICES PUBLIC UTILITIES ASCOPIAVE MTA ALL STARS 344.90 0.09%103 7 INDUSTRIAL CONSTRUCTION ASTALDI MTA ALL STARS 386.73 0.10%104 8 FINANCIAL BANKING BANCA FINNAT MTA ALL STARS 183.11 0.05%105 9 FINANCIAL BANKING BANCA GENERALI MTA ALL STARS 312.17 0.08%106 10 FINANCIAL BANKING BANCA IFIS MTA ALL STARS 213.66 0.06%107 11 FINANCIAL BANKING BANCA POPOLARE ETRURIA E LAZIO MTA ALL STARS 301.50 0.08%108 12 FOREIGN FOREIGN BB BIOTECH MTA ALL STARS FOREIGN ..109 13 INDUSTRIAL MACHINERY-MECHANICAL BIESSE MTA ALL STARS 107.34 0.03%110 14 INDUSTRIAL MACHINERY-MECHANICAL BOLZONI MTA ALL STARS 47.38 0.01%111 15 INDUSTRIAL AUTO BREMBO MTA ALL STARS 251.06 0.07%112 16 SERVICES MEDIA BUONGIORNO MTA ALL STARS 63.98 0.02%113 17 SERVICES MISCELLANEOUS CAD IT MTA ALL STARS 44.18 0.01%114 18 SERVICES MEDIA CAIRO COMMUNICATION MTA ALL STARS 159.01 0.04%115 19 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. DAMIANI MTA ALL STARS 68.39 0.02%116 20 INDUSTRIAL ELECTRONICS-ELECTRO. CEMBRE MTA ALL STARS 55.29 0.01%117 21 INDUSTRIAL FOOD CENTRALE DEL LATTE DI TORINO MTA ALL STARS 21.08 0.01%118 22 INDUSTRIAL AUTO COBRA MTA ALL STARS 48.48 0.01%


Year 2008 • 17

CAPITALISATION

119 23 SERVICES MEDIA DADA MTA ALL STARS 111.16 0.03%120 24 SERVICES TRANSPORTATION-TOURISM D'AMICO INTERNATIONAL SHIPPING MTA ALL STARS 187.95 0.05%121 25 INDUSTRIAL ELECTRONICS-ELECTRO. DATALOGIC MTA ALL STARS 270.67 0.07%122 26 FINANCIAL HOLDING COMPANIES DEA CAPITAL MTA ALL STARS 399.80 0.11%123 27 INDUSTRIAL CHEMICAL DIASORIN MTA ALL STARS 751.36 0.20%124 28 SERVICES MEDIA DIGITAL BROS MTA ALL STARS 37.33 0.01%125 29 SERVICES DISTRIBUTION DMAIL GROUP MTA ALL STARS 26.95 0.01%126 30 SERVICES MEDIA DMT-DIGITAL MULTIMEDIA TECHNOLOGIES MTA ALL STARS 138.45 0.04%127 31 INDUSTRIAL ELECTRONICS-ELECTRO. EEMS MTA ALL STARS 49.16 0.01%128 32 INDUSTRIAL ELECTRONICS-ELECTRO. EL EN MTA ALL STARS 66.78 0.02%129 33 INDUSTRIAL ELECTRONICS-ELECTRO. ELICA MTA ALL STARS 52.69 0.01%130 34 INDUSTRIAL ELECTRONICS-ELECTRO. EMAK MTA ALL STARS 110.50 0.03%131 35 SERVICES MISCELLANEOUS ENGINEERING MTA ALL STARS 186.86 0.05%132 36 SERVICES DISTRIBUTION ESPRINET MTA ALL STARS 175.76 0.05%133 37 INDUSTRIAL ELECTRONICS-ELECTRO. EUROTECH MTA ALL STARS 88.37 0.02%134 38 SERVICES MISCELLANEOUS EXPRIVIA MTA ALL STARS 43.84 0.01%135 39 INDUSTRIAL MACHINERY-MECHANICAL FIDIA MTA ALL STARS 14.37 0.004%136 40 SERVICES MISCELLANEOUS FIERA MILANO MTA ALL STARS 179.70 0.05%137 41 INDUSTRIAL ELECTRONICS-ELECTRO. GEFRAN MTA ALL STARS 43.13 0.01%138 42 INDUSTRIAL CHEMICAL GRANITIFIANDRE MTA ALL STARS 122.01 0.03%139 43 FINANCIAL FINANCIAL SERVICES MUTUIONLINE MTA ALL STARS 109.04 0.03%140 44 FINANCIAL REAL ESTATE - CONSTRUCTION IGD - IMMOB. GRANDE DISTRIBUZIONE MTA ALL STARS 324.79 0.09%141 45 INDUSTRIAL MACHINERY-MECHANICAL IMA MTA ALL STARS 453.10 0.12%142 46 INDUSTRIAL ELECTRONICS-ELECTRO. INTERPUMP GROUP MTA ALL STARS 322.46 0.09%143 47 INDUSTRIAL ELECTRONICS-ELECTRO. IRCE MTA ALL STARS 40.67 0.01%144 48 INDUSTRIAL CHEMICAL ISAGRO MTA ALL STARS 45.54 0.01%145 49 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. IT HOLDING MTA ALL STARS 63.63 0.02%146 50 SERVICES MISCELLANEOUS IT WAY MTA ALL STARS 21.84 0.01%147 51 SERVICES MEDIA JUVENTUS FOOTBALL CLUB MTA ALL STARS 155.43 0.04%148 52 INDUSTRIAL FOOD LA DORIA MTA ALL STARS 31.78 0.01%149 53 INDUSTRIAL AUTO LANDI RENZO MTA ALL STARS 367.64 0.10%150 54 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. MARIELLA BURANI FASHION GROUP MTA ALL STARS 301.43 0.08%151 55 INDUSTRIAL FOOD MARR MTA ALL STARS 357.97 0.10%152 56 INDUSTRIAL CHEMICAL MIRATO MTA ALL STARS 78.69 0.02%153 57 SERVICES MEDIA MONDO TV MTA ALL STARS 14.75 0.004%154 58 INDUSTRIAL MACHINERY-MECHANICAL NEGRI BOSSI MTA ALL STARS 26.67 0.01%155 59 INDUSTRIAL ELECTRONICS-ELECTRO. NICE MTA ALL STARS 200.78 0.05%156 60 SERVICES MISCELLANEOUS OMNIA NETWORK MTA ALL STARS 8.25 0.002%157 61 INDUSTRIAL CHEMICAL PANARIAGROUP INDUSTRIE CERAMICHE MTA ALL STARS 101.11 0.03%158 62 INDUSTRIAL MISCELLANEOUS POLIGRAFICA S FAUSTINO MTA ALL STARS 10.93 0.003%159 63 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. POLTRONA FRAU MTA ALL STARS 107.88 0.03%160 64 INDUSTRIAL MACHINERY-MECHANICAL PRIMA INDUSTRIE MTA ALL STARS 59.60 0.02%161 65 INDUSTRIAL CONSTRUCTION RDB MTA ALL STARS 96.28 0.03%162 66 INDUSTRIAL PAPER RENO DE MEDICI MTA ALL STARS 57.22 0.02%163 67 SERVICES MISCELLANEOUS REPLY MTA ALL STARS 151.00 0.04%164 68 INDUSTRIAL ELECTRONICS-ELECTRO. SABAF MTA ALL STARS 167.77 0.04%165 69 INDUSTRIAL ELECTRONICS-ELECTRO. SAES GETTERS MTA ALL STARS 91.49 0.02%166 70 INDUSTRIAL ELECTRONICS-ELECTRO. SAES GETTERS RSP MTA ALL STARS 38.30 0.01%167 71 INDUSTRIAL MISCELLANEOUS SOCOTHERM MTA ALL STARS 50.18 0.01%168 72 INDUSTRIAL AUTO SOGEFI MTA ALL STARS 146.61 0.04%169 73 INDUSTRIAL MACHINERY-MECHANICAL TREVISAN COMETAL MTA ALL STARS 22.85 0.01%170 74 SERVICES MISCELLANEOUS TXT MTA ALL STARS 15.13 0.004%171 75 FINANCIAL REAL ESTATE - CONSTRUCTION UNI LAND MTA ALL STARS 81.08 0.02%172 76 FINANCIAL INSURANCE VITTORIA ASSICURAZIONI MTA ALL STARS 250.25 0.07%173 77 INDUSTRIAL CHEMICAL ZIGNAGO VETRO MTA ALL STARS 270.48 0.07%

TOTAL STAR SEGMENT 11 908.52 3.18%

STANDARD 1 SEGMENT

174 1 SERVICES PUBLIC UTILITIES ACEGAS-APS MTA 270.01 0.07%175 2 SERVICES PUBLIC UTILITIES ACQUE POTABILI MTA 40.08 0.01%


(eur m) %TOT

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ON


Year 2008 • 18

176 3 SERVICES PUBLIC UTILITIES ACSM MTA 42.84 0.01%177 4 FINANCIAL REAL ESTATE - CONSTRUCTION AEDES MTA 45.40 0.01%178 5 SERVICES TRANSPORTATION-TOURISM AEROPORTO DI FIRENZE MTA 155.35 0.04%179 6 SERVICES TRANSPORTATION-TOURISM SAT MTA 84.58 0.02%180 7 INDUSTRIAL MISCELLANEOUS AICON MTA 42.12 0.01%181 8 FINANCIAL HOLDING COMPANIES ALERION INDUSTRIES MTA 176.10 0.05%182 9 FINANCIAL FINANCIAL SERVICES ANIMA SGR MTA 151.72 0.04%183 10 INDUSTRIAL FOOD ARENA MTA 25.43 0.01%184 11 FINANCIAL BANKING BANCA INTERMOBILIARE MTA 432.53 0.12%185 12 FINANCIAL BANKING BANCA POPOLARE SPOLETO MTA 111.26 0.03%186 13 FINANCIAL BANKING BANCA PROFILO MTA 60.41 0.02%187 14 FINANCIAL BANKING BANCO DI DESIO E BRIANZA MTA 537.85 0.14%188 15 FINANCIAL BANKING BANCO DI DESIO E BRIANZA RSP MTA 55.81 0.01%189 16 FINANCIAL BANKING BANCO DI SARDEGNA RSP MTA 52.85 0.01%190 17 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. BASICNET MTA 69.93 0.02%191 18 FINANCIAL HOLDING COMPANIES BASTOGI MTA 29.25 0.01%192 19 INDUSTRIAL ELECTRONICS-ELECTRO. BEGHELLI MTA 102.48 0.03%193 20 INDUSTRIAL ELECTRONICS-ELECTRO. BIALETTI INDUSTRIE MTA 19.95 0.01%194 21 INDUSTRIAL FOOD BONIFICHE FERRARESI MTA 161.41 0.04%195 22 FINANCIAL REAL ESTATE - CONSTRUCTION BRIOSCHI MTA 158.16 0.04%196 23 FINANCIAL HOLDING COMPANIES CALTAGIRONE MTA 293.39 0.08%197 24 SERVICES MEDIA CALTAGIRONE EDITORE MTA 276.08 0.07%198 25 SERVICES DISTRIBUTION CAMFIN MTA 100.83 0.03%199 26 INDUSTRIAL AUTO CARRARO MTA 100.63 0.03%200 27 SERVICES DISTRIBUTION CDC POINT MTA 12.35 0.003%201 28 FOREIGN FOREIGN CELL THERAPEUTICS MTA FOREIGN ..202 29 INDUSTRIAL CONSTRUCTION CEMENTIR HOLDING MTA 397.42 0.11%203 30 SERVICES DISTRIBUTION CHL MTA 26.20 0.01%204 31 FINANCIAL HOLDING COMPANIES CICCOLELLA MTA 134.97 0.04%205 32 SERVICES MEDIA CLASS EDITORI MTA 69.60 0.02%206 33 FINANCIAL HOLDING COMPANIES COFIDE MTA 265.78 0.07%207 34 FINANCIAL BANKING CREDITO ARTIGIANO MTA 559.46 0.15%208 35 INDUSTRIAL CHEMICAL CRESPI MTA 22.10 0.01%209 36 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. CSP INTERNATIONAL MTA 26.90 0.01%210 37 INDUSTRIAL MACHINERY-MECHANICAL DANIELI & C MTA 306.52 0.08%211 38 INDUSTRIAL MACHINERY-MECHANICAL DANIELI & C RSP MTA 178.35 0.05%212 39 SERVICES MISCELLANEOUS DATA SERVICE MTA 9.61 0.003%213 40 INDUSTRIAL MACHINERY-MECHANICAL DE' LONGHI MTA 216.53 0.06%214 41 SERVICES PUBLIC UTILITIES ERG RENEW MTA 86.67 0.02%215 42 FINANCIAL INSURANCE ERGO PREVIDENZA MTA 402.27 0.11%216 43 SERVICES TRANSPORTATION-TOURISM EUROFLY MTA 3.49 0.001%217 44 SERVICES PUBLIC UTILITIES EUTELIA MTA 19.70 0.01%218 45 INDUSTRIAL ELECTRONICS-ELECTRO. EVEREL GROUP MTA 9.76 0.003%219 46 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. FILATURA DI POLLONE MTA 4.90 0.001%220 47 FINANCIAL FINANCIAL SERVICES FINARTE CASA D'ASTE MTA 8.90 0.002%221 48 SERVICES MEDIA FMR ART'E' MTA 14.25 0.004%222 49 SERVICES MISCELLANEOUS FULLSIX MTA 22.03 0.01%223 50 FINANCIAL REAL ESTATE - CONSTRUCTION GABETTI PROPERTY SOLUTIONS MTA 51.37 0.01%224 51 SERVICES PUBLIC UTILITIES GAS PLUS MTA 343.03 0.09%225 52 INDUSTRIAL ELECTRONICS-ELECTRO. GEWISS MTA 311.39 0.08%226 53 INDUSTRIAL CHEMICAL GRUPPO CERAMICHE RICCHETTI MTA 52.05 0.01%227 54 SERVICES DISTRIBUTION GRUPPO COIN MTA 285.26 0.08%228 55 INDUSTRIAL MINERAL-METALS-PETROLEUM GRUPPO MINERALI MAFFEI MTA 43.12 0.01%229 56 SERVICES TRANSPORTATION-TOURISM I GRANDI VIAGGI MTA 33.13 0.01%230 57 SERVICES TRANSPORTATION-TOURISM I VIAGGI DEL VENTAGLIO MTA 28.50 0.01%231 58 SERVICES MEDIA IL SOLE 24 ORE MTA 98.33 0.03%232 59 FINANCIAL HOLDING COMPANIES IMMSI MTA 239.36 0.06%233 60 FINANCIAL HOLDING COMPANIES INTEK MTA 99.54 0.03%234 61 FINANCIAL HOLDING COMPANIES INTEK RSP MTA 10.63 0.003%235 62 FINANCIAL HOLDING COMPANIES INVESTIMENTI E SVILUPPO MTA 19.64 0.01%236 63 FINANCIAL REAL ESTATE - CONSTRUCTION IPI MTA 75.61 0.02%237 64 SERVICES MISCELLANEOUS K.R.ENERGY MTA 232.82 0.06%


(eur m) %TOT


Year 2008 • 19

CAPITALISATION

238 65 INDUSTRIAL CHEMICAL KINEXIA MTA 14.94 0.004%239 66 FINANCIAL HOLDING COMPANIES KME GROUP MTA 103.01 0.03%240 67 FINANCIAL HOLDING COMPANIES KME GROUP RSP MTA 14.16 0.004%241 68 INDUSTRIAL ELECTRONICS-ELECTRO. LAVORWASH MTA 18.40 0.005%242 69 SERVICES MEDIA LAZIO MTA 22.25 0.01%243 70 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. MARCOLIN MTA 62.95 0.02%244 71 SERVICES MEDIA MEDIACONTECH MTA 19.05 0.01%245 72 SERVICES PUBLIC UTILITIES MEDITERRANEA ACQUE MTA 165.09 0.04%246 73 FINANCIAL BANKING MELIORBANCA MTA 368.81 0.10%247 74 FINANCIAL HOLDING COMPANIES MITTEL MTA 202.24 0.05%248 75 INDUSTRIAL CHEMICAL MOLMED MTA 109.16 0.03%249 76 FINANCIAL HOLDING COMPANIES MONRIF MTA 67.00 0.02%250 77 INDUSTRIAL CHEMICAL MONTEFIBRE MTA 28.85 0.01%251 78 INDUSTRIAL CHEMICAL MONTEFIBRE RSP MTA 6.32 0.002%252 79 INDUSTRIAL ELECTRONICS-ELECTRO. OLIDATA MTA 11.37 0.003%253 80 INDUSTRIAL CONSTRUCTION PERMASTEELISA MTA 266.14 0.07%254 81 INDUSTRIAL AUTO PIAGGIO & C MTA 494.53 0.13%255 82 INDUSTRIAL AUTO PININFARINA MTA 36.74 0.01%256 83 SERVICES MEDIA POLIGRAFICI EDITORIALE MTA 50.44 0.01%257 84 FINANCIAL HOLDING COMPANIES PREMAFIN FINANZIARIA - HOLD DI PART MTA 508.83 0.14%258 85 SERVICES TRANSPORTATION-TOURISM PREMUDA MTA 144.92 0.04%259 86 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. RATTI MTA 14.11 0.004%260 87 SERVICES PUBLIC UTILITIES RETELIT MTA 53.40 0.01%261 88 INDUSTRIAL CHEMICAL RICHARD-GINORI 1735 MTA SUSPENDED ..262 89 FINANCIAL REAL ESTATE - CONSTRUCTION RISANAMENTO MTA 119.91 0.03%263 90 SERVICES MEDIA ROMA MTA 81.40 0.02%264 91 INDUSTRIAL MISCELLANEOUS SADI SERVIZI INDUSTRIALI MTA 53.84 0.01%265 92 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. SAFILO GROUP MTA 173.56 0.05%266 93 SERVICES TRANSPORTATION-TOURISM SAVE - AEROPORTO DI VENEZIA MTA 223.15 0.06%267 94 FINANCIAL MISCELLANEOUS SNAI MTA 242.84 0.06%268 95 INDUSTRIAL CHEMICAL SNIA MTA 20.23 0.01%269 96 INDUSTRIAL CHEMICAL SOL MTA 245.10 0.07%270 97 FINANCIAL HOLDING COMPANIES SOPAF MTA 75.73 0.02%271 98 INDUSTRIAL MISCELLANEOUS SORIN MTA 217.73 0.06%272 99 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. STEFANEL MTA 63.21 0.02%273 100 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. STEFANEL RSP MTA 0.28 0.0001%274 101 SERVICES MISCELLANEOUS TAS MTA 23.69 0.01%275 102 SERVICES MEDIA TELECOM ITALIA MEDIA MTA 293.89 0.08%276 103 SERVICES MEDIA TELECOM ITALIA MEDIA RSP MTA 4.86 0.001%277 104 INDUSTRIAL MACHINERY-MECHANICAL TREVI FIN INDUSTRIALE MTA 469.91 0.13%278 105 INDUSTRIAL CONSTRUCTION VIANINI LAVORI MTA 175.53 0.05%

TOTAL STANDARD 1 SEGMENT 13 585.58 3.63%

STANDARD 2 SEGMENT

279 1 INDUSTRIAL CONSTRUCTION BOERO BARTOLOMEO MTA 104.60 0.03%280 2 INDUSTRIAL CONSTRUCTION VIANINI INDUSTRIA MTA 46.06 0.01%281 3 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. ZUCCHI MTA 15.95 0.004%282 4 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. ZUCCHI RSP MTA 6.85 0.002%

TOTAL STANDARD 2 SEGMENT 173.46 0.05%

INVESTMENT COMPANIES

283 1 FINANCIAL HOLDING COMPANIES INVESTIMENTI E SVILUPPO MEDITERRANEOMTA 49.70 0.01%284 2 FINANCIAL HOLDING COMPANIES MID INDUSTRY CAPITAL MTA 57.00 0.02%285 3 FINANCIAL HOLDING COMPANIES CAPE LIVE MTA 22.67 0.01%286 4 FINANCIAL HOLDING COMPANIES ERGYCAPITAL MTA 27.83 0.01%287 5 FINANCIAL HOLDING COMPANIES MANAGEMENT & CAPITALI MTA 214.63 0.06%

TOTAL INVESTMENT COMPANIES 371.83 0.10%


(eur m) %TOT

CAPI

TALI

SATI

ON


Year 2008 • 20

MAC

288 1 SERVICES PUBLIC UTILITIES AREA IMPIANTI MAC 49.19 0.01%289 2 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. RAFFAELE CARUSO MAC 34.85 0.01%290 3 SERVICES PUBLIC UTILITIES SEI MAC 48.79 0.01%291 4 INDUSTRIAL TEXTILES-CLOTHING-ACCESS. TESSITURA PONTELAMBRO MAC 13.09 0.003%

TOTAL MAC 145.93 0.04%

MERCATO EXPANDI

292 1 ANTICHI PELLETTIERI ME 127.69 0.03%293 2 APULIA PRONTOPRESTITO ME 74.22 0.02%294 3 ARKIMEDICA ME 95.75 0.03%295 4 AUTOSTRADE MERIDIONALI ME 36.09 0.01%296 5 B&C SPEAKERS ME 27.63 0.01%297 6 BANCA POP EMILIA ROMAGNA ME 2 484.10 0.66%298 7 BANCA POPOLARE SONDRIO ME 2 005.02 0.54%299 8 BEST UNION COMPANY ME 17.02 0.005%300 9 BIANCAMANO ME 61.17 0.02%301 10 BIOERA ME 32.37 0.01%302 11 BORGOSESIA ME 78.44 0.02%303 12 BORGOSESIA RSP ME 1.15 0.0003%304 13 BOUTY HEALTHCARE ME 26.50 0.01%305 14 CALEFFI ME 14.89 0.004%306 15 COGEME SET ME 43.28 0.01%307 16 COMPAGNIA IMMOBILIARE AZIONARIA ME 19.39 0.01%308 17 CONAFI PRESTITO' ME 35.07 0.01%309 18 ENERVIT ME 26.26 0.01%310 19 FNM ME 122.45 0.03%311 20 GREENVISION AMBIENTE ME 132.50 0.04%312 21 IW BANK ME 161.79 0.04%313 22 KERSELF ME 174.00 0.05%314 23 MONDO HE ME 7.16 0.002%315 24 MONTI ASCENSORI ME 13.76 0.00%316 25 NOEMALIFE ME 25.55 0.01%317 26 NOVA RE ME 22.95 0.01%318 27 PIERREL ME 69.91 0.02%319 28 PIQUADRO ME 38.92 0.01%320 29 PRAMAC ME 47.28 0.01%321 30 RCF GROUP ME 31.41 0.01%322 31 REALTY VAILOG ME 33.26 0.01%323 32 RGI ME 39.64 0.01%324 33 ROSSS ME 5.79 0.002%325 34 SCREEN SERVICE ME 60.94 0.02%326 35 SERVIZI ITALIA ME 63.18 0.02%327 36 TAMBURI INVESTMENT PARTNERS ME 160.94 0.04%328 37 TERNIENERGIA ME 38.62 0.01%329 38 TOSCANA FINANZA ME 22.28 0.01%330 39 VALSOIA ME 24.26 0.01%331 40 YORKVILLE BHN ME 36.40 0.01%

TOTAL MERCATO EXPANDI 6 539.02 1.75%

TOTAL 374 702.41 100.00%


(eur m) %TOT


Year 2008 • 21

CAPITALISATION

1 ENI MTA BC S&P/MIB 66 312.06 17.70% 17.70%2 INTESA SANPAOLO MTA BC S&P/MIB 29 851.84 7.97% 25.66%3 ENEL MTA BC S&P/MIB 27 635.54 7.38% 33.04%4 GENERALI MTA BC S&P/MIB 27 082.61 7.23% 40.27%5 UNICREDIT MTA BC S&P/MIB 23 063.92 6.16% 46.42%6 TELECOM ITALIA MTA BC S&P/MIB 15 376.89 4.10% 50.53%7 BANCA MONTE PASCHI SIENA MTA BC S&P/MIB 8 409.29 2.24% 52.77%8 SNAM RETE GAS MTA BC S&P/MIB 7 777.26 2.08% 54.85%9 ATLANTIA MTA BC S&P/MIB 7 480.38 2.00% 56.84%

10 UBI BANCA MTA BC S&P/MIB 6 646.07 1.77% 58.62%11 FINMECCANICA MTA BC S&P/MIB 6 295.72 1.68% 60.30%12 MEDIOBANCA MTA BC S&P/MIB 5 956.64 1.59% 61.89%13 LUXOTTICA GROUP MTA BC S&P/MIB 5 912.67 1.58% 63.46%14 SAIPEM MTA BC S&P/MIB 5 258.15 1.40% 64.87%15 FIAT MTA BC S&P/MIB 5 012.14 1.34% 66.20%16 ALLEANZA MTA BC S&P/MIB 4 917.63 1.31% 67.52%17 MEDIASET MTA BC S&P/MIB 4 799.35 1.28% 68.80%18 TELECOM ITALIA RSP MTA BC 4 733.25 1.26% 70.06%19 TERNA MTA BC S&P/MIB 4 684.86 1.25% 71.31%20 EDISON MTA BC MIDEX 4 651.44 1.24% 72.55%21 A2A MTA BC S&P/MIB 3 981.38 1.06% 73.62%22 BANCO POPOLARE MTA BC S&P/MIB 3 192.63 0.85% 74.47%23 BANCA CARIGE MTA BC MIDEX 2 805.86 0.75% 75.22%24 LOTTOMATICA MTA BC S&P/MIB 2 677.71 0.71% 75.93%25 BANCA POP EMILIA ROMAGNA ME ME2 2 484.10 0.66% 76.59%26 SARAS MTA BC MIDEX 2 297.35 0.61% 77.21%27 MEDIOLANUM MTA BC S&P/MIB 2 224.98 0.59% 77.80%28 ACEA MTA BC MIDEX 2 052.98 0.55% 78.35%29 BANCA POPOLARE SONDRIO ME ME2 2 005.02 0.54% 78.88%30 PARMALAT MTA BC S&P/MIB 1 962.18 0.52% 79.41%31 PRYSMIAN MTA BC S&P/MIB 1 954.12 0.52% 79.93%32 IFIL MTA BC MIDEX 1 935.18 0.52% 80.45%33 BUZZI UNICEM MTA BC S&P/MIB 1 922.44 0.51% 80.96%34 BANCA POPOLARE MILANO MTA BC S&P/MIB 1 744.20 0.47% 81.42%35 FASTWEB MTA BC S&P/MIB 1 664.50 0.44% 81.87%36 INTESA SANPAOLO RSP MTA BC 1 663.86 0.44% 82.31%37 UNIPOL MTA BC S&P/MIB 1 628.22 0.43% 82.75%38 FONDIARIA - SAI MTA BC S&P/MIB 1 609.62 0.43% 83.18%39 ITALCEMENTI MTA BC S&P/MIB 1 596.12 0.43% 83.60%40 HERA MTA BC MIDEX 1 538.99 0.41% 84.01%41 CREDITO BERGAMASCO MTA BC 1 458.91 0.39% 84.40%42 CAMPARI MTA BC MIDEX 1 377.75 0.37% 84.77%43 AUTOGRILL MTA BC S&P/MIB 1 375.21 0.37% 85.14%44 PIRELLI & C MTA BC S&P/MIB 1 374.28 0.37% 85.50%45 BULGARI MTA BC S&P/MIB 1 324.58 0.35% 85.86%46 CREDITO VALTELLINESE MTA BC MIDEX 1 309.54 0.35% 86.21%47 ERG MTA BC MIDEX 1 290.22 0.34% 86.55%48 CATTOLICA ASSICURAZIONI MTA BC MIDEX 1 277.84 0.34% 86.89%49 GEOX MTA BC S&P/MIB 1 144.46 0.31% 87.20%50 BENETTON GROUP MTA BC MIDEX 1 098.79 0.29% 87.49%51 CREDITO EMILIANO MTA BC MIDEX 1 057.22 0.28% 87.77%52 MILANO ASSICURAZIONI MTA BC MIDEX 1 002.73 0.27% 88.04%53 ANSALDO STS MTA ST ALL STARS 999.76 0.27% 88.31%54 SIAS MTA BC MIDEX 983.07 0.26% 88.57%55 TOD'S MTA BC MIDEX 937.92 0.25% 88.82%56 BENI STABILI MTA BC MIDEX 918.32 0.25% 89.07%57 MONDADORI EDITORE MTA BC S&P/MIB 901.63 0.24% 89.31%58 RECORDATI MTA BC MIDEX 815.53 0.22% 89.52%59 IMPREGILO MTA BC S&P/MIB 808.82 0.22% 89.74%

LISTED SHARES BY CAPITALISATION ON 30 DECEMBER 2008SHARE MARKET SEGM BASKET CAPITALISATION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

(eur m) % TOT % CUM

CAPI

TALI

SATI

ON


Year 2008 • 22

60 DIASORIN MTA ST ALL STARS 751.36 0.20% 89.94%61 RCS MEDIAGROUP MTA BC MIDEX 715.93 0.19% 90.13%62 UNIPOL PRV MTA BC 696.74 0.19% 90.32%63 IRIDE MTA BC MIDEX 688.55 0.18% 90.50%64 ITALMOBILIARE MTA BC MIDEX 636.51 0.17% 90.67%65 CIR MTA BC MIDEX 573.95 0.15% 90.82%66 CREDITO ARTIGIANO MTA STD1 559.46 0.15% 90.97%67 GEMINA MTA BC MIDEX 549.83 0.15% 91.12%68 BANCO DI DESIO E BRIANZA MTA STD1 537.85 0.14% 91.26%69 AZIMUT HOLDING MTA BC MIDEX 536.82 0.14% 91.41%70 ITALCEMENTI RSP MTA BC 520.92 0.14% 91.55%71 PREMAFIN FINANZIARIA - HOLD DI PART MTA STD1 508.83 0.14% 91.68%72 PIAGGIO & C MTA STD1 494.53 0.13% 91.81%73 INDESIT COMPANY MTA BC MIDEX 480.35 0.13% 91.94%74 SEAT PAGINE GIALLE MTA BC S&P/MIB 479.61 0.13% 92.07%75 GRUPPO EDITORIALE L'ESPRESSO MTA BC S&P/MIB 478.11 0.13% 92.20%76 AUTOSTRADA TO-MI MTA BC MIDEX 476.93 0.13% 92.32%77 TREVI FIN INDUSTRIALE MTA STD1 469.91 0.13% 92.45%78 IMA MTA ST ALL STARS 453.10 0.12% 92.57%79 MAIRE TECNIMONT MTA BC MIDEX 449.63 0.12% 92.69%80 TISCALI MTA BC MIDEX 437.46 0.12% 92.81%81 BANCA INTERMOBILIARE MTA STD1 432.53 0.12% 92.92%82 ENIA MTA BC MIDEX 408.43 0.11% 93.03%83 ERGO PREVIDENZA MTA STD1 402.27 0.11% 93.14%84 DEA CAPITAL MTA ST ALL STARS 399.80 0.11% 93.25%85 CEMENTIR HOLDING MTA STD1 397.42 0.11% 93.35%86 ASTALDI MTA ST ALL STARS 386.73 0.10% 93.46%87 BANCA ITALEASE MTA BC MIDEX 374.97 0.10% 93.56%88 IFI PRV MTA BC MIDEX 368.86 0.10% 93.65%89 MELIORBANCA MTA STD1 368.81 0.10% 93.75%90 LANDI RENZO MTA ST ALL STARS 367.64 0.10% 93.85%91 MARR MTA ST ALL STARS 357.97 0.10% 93.95%92 BANCA CARIGE RSP MTA BC 353.23 0.09% 94.04%93 FONDIARIA - SAI RSP MTA BC 345.49 0.09% 94.13%94 ASCOPIAVE MTA ST ALL STARS 344.90 0.09% 94.22%95 GAS PLUS MTA STD1 343.03 0.09% 94.32%96 IGD - IMMOBILIARE GRANDE DISTRIBUZIONE MTA ST ALL STARS 324.79 0.09% 94.40%97 ITALMOBILIARE RSP MTA BC 323.03 0.09% 94.49%98 INTERPUMP GROUP MTA ST ALL STARS 322.46 0.09% 94.57%99 BANCA GENERALI MTA ST ALL STARS 312.17 0.08% 94.66%

100 GEWISS MTA STD1 311.39 0.08% 94.74%101 DANIELI & C MTA STD1 306.52 0.08% 94.82%102 BANCA POPOLARE ETRURIA E LAZIO MTA ST ALL STARS 301.50 0.08% 94.90%103 MARIELLA BURANI FASHION GROUP MTA ST ALL STARS 301.43 0.08% 94.98%104 TELECOM ITALIA MEDIA MTA STD1 293.89 0.08% 95.06%105 CALTAGIRONE MTA STD1 293.39 0.08% 95.14%106 GRUPPO COIN MTA STD1 285.26 0.08% 95.22%107 CALTAGIRONE EDITORE MTA STD1 276.08 0.07% 95.29%108 DATALOGIC MTA ST ALL STARS 270.67 0.07% 95.36%109 ZIGNAGO VETRO MTA ST ALL STARS 270.48 0.07% 95.44%110 ACEGAS-APS MTA STD1 270.01 0.07% 95.51%111 PERMASTEELISA MTA STD1 266.14 0.07% 95.58%112 COFIDE MTA STD1 265.78 0.07% 95.65%113 BUZZI UNICEM RSP MTA BC 263.24 0.07% 95.72%114 BREMBO MTA ST ALL STARS 251.06 0.07% 95.79%115 VITTORIA ASSICURAZIONI MTA ST ALL STARS 250.25 0.07% 95.85%116 FIAT PRV MTA BC 246.56 0.07% 95.92%117 SOL MTA STD1 245.10 0.07% 95.98%118 FIAT RSP MTA BC 243.85 0.07% 96.05%119 SNAI MTA STD1 242.84 0.06% 96.11%


(eur m) % TOT % CUM


Year 2008 • 23

CAPITALISATION

120 IMMSI MTA STD1 239.36 0.06% 96.18%121 K.R.ENERGY MTA STD1 232.82 0.06% 96.24%122 SAVE - AEROPORTO DI VENEZIA MARCO POLO MTA STD1 223.15 0.06% 96.30%123 SORIN MTA STD1 217.73 0.06% 96.36%124 DE' LONGHI MTA STD1 216.53 0.06% 96.42%125 MANAGEMENT & CAPITALI MTA MTF4 214.63 0.06% 96.47%126 BANCA IFIS MTA ST ALL STARS 213.66 0.06% 96.53%127 ACTELIOS MTA ST ALL STARS 203.93 0.05% 96.58%128 MITTEL MTA STD1 202.24 0.05% 96.64%129 NICE MTA ST ALL STARS 200.78 0.05% 96.69%130 D'AMICO INTERNATIONAL SHIPPING MTA ST ALL STARS 187.95 0.05% 96.74%131 ENGINEERING MTA ST ALL STARS 186.86 0.05% 96.79%132 BANCA FINNAT MTA ST ALL STARS 183.11 0.05% 96.84%133 FIERA MILANO MTA ST ALL STARS 179.70 0.05% 96.89%134 DANIELI & C RSP MTA STD1 178.35 0.05% 96.94%135 ALERION INDUSTRIES MTA STD1 176.10 0.05% 96.98%136 ESPRINET MTA ST ALL STARS 175.76 0.05% 97.03%137 VIANINI LAVORI MTA STD1 175.53 0.05% 97.08%138 KERSELF ME ME1 174.00 0.05% 97.12%139 SAFILO GROUP MTA STD1 173.56 0.05% 97.17%140 PIRELLI & C REAL ESTATE MTA BC MIDEX 172.32 0.05% 97.22%141 SABAF MTA ST ALL STARS 167.77 0.04% 97.26%142 MEDITERRANEA ACQUE MTA STD1 165.09 0.04% 97.30%143 AMPLIFON MTA ST ALL STARS 163.88 0.04% 97.35%144 IW BANK ME ME1 161.79 0.04% 97.39%145 ACOTEL GROUP MTA ST ALL STARS 161.45 0.04% 97.43%146 BONIFICHE FERRARESI MTA STD1 161.41 0.04% 97.48%147 TAMBURI INVESTMENT PARTNERS ME ME1 160.94 0.04% 97.52%148 CAIRO COMMUNICATION MTA ST ALL STARS 159.01 0.04% 97.56%149 BRIOSCHI MTA STD1 158.16 0.04% 97.61%150 JUVENTUS FOOTBALL CLUB MTA ST ALL STARS 155.43 0.04% 97.65%151 AEROPORTO DI FIRENZE MTA STD1 155.35 0.04% 97.69%152 ANIMA SGR MTA STD1 151.72 0.04% 97.73%153 REPLY MTA ST ALL STARS 151.00 0.04% 97.77%154 SOGEFI MTA ST ALL STARS 146.61 0.04% 97.81%155 PREMUDA MTA STD1 144.92 0.04% 97.85%156 DMT-DIGITAL MULTIMEDIA TECHNOLOGIES MTA ST ALL STARS 138.45 0.04% 97.88%157 CICCOLELLA MTA STD1 134.97 0.04% 97.92%158 GREENVISION AMBIENTE ME ME2 132.50 0.04% 97.96%159 EDISON RSP MTA BC 128.54 0.03% 97.99%160 ANTICHI PELLETTIERI ME ME2 127.69 0.03% 98.02%161 FNM ME ME1 122.45 0.03% 98.06%162 GRANITIFIANDRE MTA ST ALL STARS 122.01 0.03% 98.09%163 RISANAMENTO MTA STD1 119.91 0.03% 98.12%164 BANCA POPOLARE SPOLETO MTA STD1 111.26 0.03% 98.15%165 DADA MTA ST ALL STARS 111.16 0.03% 98.18%166 EMAK MTA ST ALL STARS 110.50 0.03% 98.21%167 MOLMED MTA STD1 109.16 0.03% 98.24%168 MUTUIONLINE MTA ST ALL STARS 109.04 0.03% 98.27%169 POLTRONA FRAU MTA ST ALL STARS 107.88 0.03% 98.30%170 BIESSE MTA ST ALL STARS 107.34 0.03% 98.33%171 BOERO BARTOLOMEO MTA STD2 104.60 0.03% 98.35%172 KME GROUP MTA STD1 103.01 0.03% 98.38%173 BEGHELLI MTA STD1 102.48 0.03% 98.41%174 PANARIAGROUP INDUSTRIE CERAMICHE MTA ST ALL STARS 101.11 0.03% 98.44%175 CAMFIN MTA STD1 100.83 0.03% 98.46%176 CARRARO MTA STD1 100.63 0.03% 98.49%177 INTEK MTA STD1 99.54 0.03% 98.52%178 IL SOLE 24 ORE MTA STD1 98.33 0.03% 98.54%179 RDB MTA ST ALL STARS 96.28 0.03% 98.57%


(eur m) % TOT % CUM

CAPI

TALI

SATI

ON


Year 2008 • 24

180 ARKIMEDICA ME ME2 95.75 0.03% 98.59%181 SAES GETTERS MTA ST ALL STARS 91.49 0.02% 98.62%182 EUROTECH MTA ST ALL STARS 88.37 0.02% 98.64%183 ERG RENEW MTA STD1 86.67 0.02% 98.66%184 SAT MTA STD1 84.58 0.02% 98.69%185 ROMA MTA STD1 81.40 0.02% 98.71%186 UNI LAND MTA ST ALL STARS 81.08 0.02% 98.73%187 MIRATO MTA ST ALL STARS 78.69 0.02% 98.75%188 BORGOSESIA ME ME1 78.44 0.02% 98.77%189 SOPAF MTA STD1 75.73 0.02% 98.79%190 IPI MTA STD1 75.61 0.02% 98.81%191 APULIA PRONTOPRESTITO ME ME1 74.22 0.02% 98.83%192 AEFFE MTA ST ALL STARS 71.78 0.02% 98.85%193 BASICNET MTA STD1 69.93 0.02% 98.87%194 PIERREL ME ME1 69.91 0.02% 98.89%195 CLASS EDITORI MTA STD1 69.60 0.02% 98.91%196 MILANO ASSICURAZIONI RSP MTA BC 69.15 0.02% 98.93%197 DAMIANI MTA ST ALL STARS 68.39 0.02% 98.94%198 MONRIF MTA STD1 67.00 0.02% 98.96%199 EL EN MTA ST ALL STARS 66.78 0.02% 98.98%200 BUONGIORNO MTA ST ALL STARS 63.98 0.02% 99.00%201 IT HOLDING MTA ST ALL STARS 63.63 0.02% 99.01%202 STEFANEL MTA STD1 63.21 0.02% 99.03%203 SERVIZI ITALIA ME ME1 63.18 0.02% 99.05%204 MARCOLIN MTA STD1 62.95 0.02% 99.06%205 IFIL RSP MTA BC 62.01 0.02% 99.08%206 BIANCAMANO ME ME1 61.17 0.02% 99.10%207 SCREEN SERVICE ME ME2 60.94 0.02% 99.11%208 BANCA PROFILO MTA STD1 60.41 0.02% 99.13%209 PRIMA INDUSTRIE MTA ST ALL STARS 59.60 0.02% 99.15%210 RENO DE MEDICI MTA ST ALL STARS 57.22 0.02% 99.16%211 MID INDUSTRY CAPITAL MTA MTF3 57.00 0.02% 99.18%212 BANCO DI DESIO E BRIANZA RSP MTA STD1 55.81 0.01% 99.19%213 CEMBRE MTA ST ALL STARS 55.29 0.01% 99.21%214 SADI SERVIZI INDUSTRIALI MTA STD1 53.84 0.01% 99.22%215 RETELIT MTA STD1 53.40 0.01% 99.23%216 BANCO DI SARDEGNA RSP MTA STD1 52.85 0.01% 99.25%217 ELICA MTA ST ALL STARS 52.69 0.01% 99.26%218 GRUPPO CERAMICHE RICCHETTI MTA STD1 52.05 0.01% 99.28%219 GABETTI PROPERTY SOLUTIONS MTA STD1 51.37 0.01% 99.29%220 POLIGRAFICI EDITORIALE MTA STD1 50.44 0.01% 99.30%221 SOCOTHERM MTA ST ALL STARS 50.18 0.01% 99.32%222 INVESTIMENTI E SVILUPPO MEDITERRANEO MTA MTF3 49.70 0.01% 99.33%223 AREA IMPIANTI MAC MAC 49.19 0.01% 99.34%224 EEMS MTA ST ALL STARS 49.16 0.01% 99.36%225 SEI MAC 48.79 0.01% 99.37%226 COBRA MTA ST ALL STARS 48.48 0.01% 99.38%227 BOLZONI MTA ST ALL STARS 47.38 0.01% 99.39%228 PRAMAC ME ME2 47.28 0.01% 99.41%229 UNICREDIT RSP MTA BC 47.11 0.01% 99.42%230 VIANINI INDUSTRIA MTA STD2 46.06 0.01% 99.43%231 ISAGRO MTA ST ALL STARS 45.54 0.01% 99.44%232 AEDES MTA STD1 45.40 0.01% 99.46%233 CAD IT MTA ST ALL STARS 44.18 0.01% 99.47%234 EXPRIVIA MTA ST ALL STARS 43.84 0.01% 99.48%235 COGEME SET ME ME1 43.28 0.01% 99.49%236 GEFRAN MTA ST ALL STARS 43.13 0.01% 99.50%237 GRUPPO MINERALI MAFFEI MTA STD1 43.12 0.01% 99.51%238 ACSM MTA STD1 42.84 0.01% 99.53%239 AICON MTA STD1 42.12 0.01% 99.54%


(eur m) % TOT % CUM


Year 2008 • 25

CAPITALISATION

240 IRCE MTA ST ALL STARS 40.67 0.01% 99.55%241 ACQUE POTABILI MTA STD1 40.08 0.01% 99.56%242 RGI ME ME1 39.64 0.01% 99.57%243 PIQUADRO ME ME1 38.92 0.01% 99.58%244 TERNIENERGIA ME ME2 38.62 0.01% 99.59%245 SAES GETTERS RSP MTA ST ALL STARS 38.30 0.01% 99.60%246 DIGITAL BROS MTA ST ALL STARS 37.33 0.01% 99.61%247 PININFARINA MTA STD1 36.74 0.01% 99.62%248 YORKVILLE BHN ME ME1 36.40 0.01% 99.63%249 AUTOSTRADE MERIDIONALI ME ME2 36.09 0.01% 99.64%250 PIRELLI & C RSP MTA BC 35.85 0.01% 99.65%251 CONAFI PRESTITO' ME ME1 35.07 0.01% 99.66%252 RAFFAELE CARUSO MAC 34.85 0.01% 99.67%253 REALTY VAILOG ME ME1 33.26 0.01% 99.68%254 I GRANDI VIAGGI MTA STD1 33.13 0.01% 99.69%255 BIOERA ME ME2 32.37 0.01% 99.69%256 LA DORIA MTA ST ALL STARS 31.78 0.01% 99.70%257 RCF GROUP ME ME1 31.41 0.01% 99.71%258 BASTOGI MTA STD1 29.25 0.01% 99.72%259 MONTEFIBRE MTA STD1 28.85 0.01% 99.73%260 I VIAGGI DEL VENTAGLIO MTA STD1 28.50 0.01% 99.73%261 ERGYCAPITAL MTA MTF4 27.83 0.01% 99.74%262 B&C SPEAKERS ME ME1 27.63 0.01% 99.75%263 DMAIL GROUP MTA ST ALL STARS 26.95 0.01% 99.76%264 CSP INTERNATIONAL MTA STD1 26.90 0.01% 99.76%265 NEGRI BOSSI MTA ST ALL STARS 26.67 0.01% 99.77%266 BOUTY HEALTHCARE ME ME2 26.50 0.01% 99.78%267 ENERVIT ME ME1 26.26 0.01% 99.78%268 CHL MTA STD1 26.20 0.01% 99.79%269 NOEMALIFE ME ME1 25.55 0.01% 99.80%270 ARENA MTA STD1 25.43 0.01% 99.81%271 VALSOIA ME ME1 24.26 0.01% 99.81%272 TAS MTA STD1 23.69 0.01% 99.82%273 NOVA RE ME ME2 22.95 0.01% 99.82%274 TREVISAN COMETAL MTA ST ALL STARS 22.85 0.01% 99.83%275 CAPE LIVE MTA MTF4 22.67 0.01% 99.84%276 TOSCANA FINANZA ME ME1 22.28 0.01% 99.84%277 LAZIO MTA STD1 22.25 0.01% 99.85%278 CRESPI MTA STD1 22.10 0.01% 99.85%279 FULLSIX MTA STD1 22.03 0.01% 99.86%280 IT WAY MTA ST ALL STARS 21.84 0.01% 99.87%281 RCS MEDIAGROUP RSP MTA BC 21.40 0.01% 99.87%282 CENTRALE DEL LATTE DI TORINO MTA ST ALL STARS 21.08 0.01% 99.88%283 SNIA MTA STD1 20.23 0.01% 99.88%284 BIALETTI INDUSTRIE MTA STD1 19.95 0.01% 99.89%285 EUTELIA MTA STD1 19.70 0.01% 99.89%286 INVESTIMENTI E SVILUPPO MTA STD1 19.64 0.01% 99.90%287 COMPAGNIA IMMOBILIARE AZIONARIA ME ME2 19.39 0.01% 99.90%288 MEDIACONTECH MTA STD1 19.05 0.01% 99.91%289 LAVORWASH MTA STD1 18.40 0.005% 99.91%290 BEST UNION COMPANY ME ME1 17.02 0.005% 99.92%291 ZUCCHI MTA STD2 15.95 0.004% 99.92%292 TXT MTA ST ALL STARS 15.13 0.004% 99.93%293 KINEXIA MTA STD1 14.94 0.004% 99.93%294 CALEFFI ME ME1 14.89 0.004% 99.93%295 MONDO TV MTA ST ALL STARS 14.75 0.004% 99.94%296 FIDIA MTA ST ALL STARS 14.37 0.004% 99.94%297 FMR ART'E' MTA STD1 14.25 0.004% 99.95%298 KME GROUP RSP MTA STD1 14.16 0.004% 99.95%299 RATTI MTA STD1 14.11 0.004% 99.95%


(eur m) % TOT % CUM

CAPI

TALI

SATI

ON


Year 2008 • 26

300 MONTI ASCENSORI ME ME1 13.76 0.004% 99.96%301 TESSITURA PONTELAMBRO MAC 13.09 0.003% 99.96%302 CDC POINT MTA STD1 12.35 0.003% 99.96%303 OLIDATA MTA STD1 11.37 0.003% 99.97%304 POLIGRAFICA S FAUSTINO MTA ST ALL STARS 10.93 0.003% 99.97%305 IMPREGILO RSP MTA BC 10.80 0.003% 99.97%306 INTEK RSP MTA STD1 10.63 0.003% 99.98%307 EVEREL GROUP MTA STD1 9.76 0.003% 99.98%308 DATA SERVICE MTA STD1 9.61 0.003% 99.98%309 FINARTE CASA D'ASTE MTA STD1 8.90 0.002% 99.98%310 OMNIA NETWORK MTA ST ALL STARS 8.25 0.002% 99.99%311 SEAT PAGINE GIALLE RSP MTA BC 7.97 0.002% 99.99%312 MONDO HE ME ME1 7.16 0.002% 99.99%313 ZUCCHI RSP MTA STD2 6.85 0.002% 99.99%314 MONTEFIBRE RSP MTA STD1 6.32 0.002% 99.99%315 ROSSS ME ME1 5.79 0.002% 99.99%316 FILATURA DI POLLONE MTA STD1 4.90 0.001% 100.00%317 TELECOM ITALIA MEDIA RSP MTA STD1 4.86 0.001% 100.00%318 EUROFLY MTA STD1 3.49 0.001% 100.00%319 SAIPEM RCV MTA BC 2.51 0.001% 100.00%320 GEMINA RSP MTA BC 2.30 0.001% 100.00%321 INDESIT COMPANY RSP MTA BC 2.26 0.001% 100.00%322 BORGOSESIA RSP ME ME1 1.15 0.0003% 100.00%323 STEFANEL RSP MTA STD1 0.28 0.0001% 100.00%324 ALITALIA MTA BC SUSPENDED .. ..325 RICHARD-GINORI 1735 MTA STD1 SUSPENDED .. ..326 BANCO BILBAO VIZCAYA ARGENTARIA MTA BC FOREIGN .. ..327 BANCO SANTANDER MTA BC FOREIGN .. ..328 STMICROELECTRONICS MTA BC S&P/MIB FOREIGN .. ..329 TENARIS MTA BC S&P/MIB FOREIGN .. ..330 BB BIOTECH MTA ST ALL STARS FOREIGN .. ..331 CELL THERAPEUTICS MTA STD1 FOREIGN .. ..

TOTAL 374 702.41


(eur m) % TOT % CUM


Year 2008 • 27

CAPITALISATION

BLUE CHIP SEGMENT

1 1 A2A 3 981.38 1.06%2 2 ACEA 2 052.98 0.55%3 3 ALITALIA SUSPEDED 4 4 ALLEANZA 4 917.63 1.31%5 5 ATLANTIA 7 480.38 2.00%6 6 AUTOGRILL 1 375.21 0.37%7 7 AUTOSTRADA TO-MI 476.93 0.13%8 8 AZIMUT HOLDING 536.82 0.14%9 9 BANCA CARIGE 3 159.08 0.84%

10 10 BANCA ITALEASE 374.97 0.10%11 11 BANCA MONTE PASCHI SIENA 8 409.29 2.24%12 12 BANCA POPOLARE MILANO 1 744.20 0.47%13 13 BANCO BILBAO VIZCAYA ARGENTARIA FOREIGN 14 14 BANCO POPOLARE 3 192.63 0.85%15 15 BANCO SANTANDER FOREIGN 16 16 BENETTON GROUP 1 098.79 0.29%17 17 BENI STABILI 918.32 0.25%18 18 BULGARI 1 324.58 0.35%19 19 BUZZI UNICEM 2 185.68 0.58%20 20 CAMPARI 1 377.75 0.37%21 21 CATTOLICA ASSICURAZIONI 1 277.84 0.34%22 22 CIR 573.95 0.15%23 23 CREDITO BERGAMASCO 1 458.91 0.39%24 24 CREDITO EMILIANO 1 057.22 0.28%25 25 CREDITO VALTELLINESE 1 309.54 0.35%26 26 EDISON 4 779.98 1.28%27 27 ENEL 27 635.54 7.38%28 28 ENI 66 312.06 17.70%29 29 ENIA 408.43 0.11%30 30 ERG 1 290.22 0.34%31 31 FASTWEB 1 664.50 0.44%32 32 FIAT 5 502.54 1.47%33 33 FINMECCANICA 6 295.72 1.68%34 34 FONDIARIA - SAI 1 955.11 0.52%35 35 GEMINA 552.12 0.15%36 36 GENERALI 27 082.61 7.23%37 37 GEOX 1 144.46 0.31%38 38 GRUPPO EDITORIALE L'ESPRESSO 478.11 0.13%39 39 HERA 1 538.99 0.41%40 40 IFI 368.86 0.10%41 41 IFIL 1 997.19 0.53%42 42 IMPREGILO 819.62 0.22%43 43 INDESIT COMPANY 482.61 0.13%44 44 INTESA SANPAOLO 31 515.70 8.41%45 45 IRIDE 688.55 0.18%46 46 ITALCEMENTI 2 117.03 0.56%47 47 ITALMOBILIARE 959.53 0.26%48 48 LOTTOMATICA 2 677.71 0.71%49 49 LUXOTTICA 5 912.67 1.58%50 50 MAIRE TECNIMONT 449.63 0.12%51 51 MEDIASET 4 799.35 1.28%52 52 MEDIOBANCA 5 956.64 1.59%53 53 MEDIOLANUM 2 224.98 0.59%54 54 MILANO ASSICURAZIONI 1 071.88 0.29%55 55 MONDADORI EDITORE 901.63 0.24%56 56 PARMALAT 1 962.18 0.52%57 57 PIRELLI & C 1 410.13 0.38%

LISTED COMPANIES CAPITALISATION ON 30 DECEMBER 2008COMPANY CAPITALISATION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

(eur m) % TOTCOMPANY CAPITALISATION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

(eur m) % TOT

58 58 PIRELLI & C REAL ESTATE 172.32 0.05%59 59 PRYSMIAN 1 954.12 0.52%60 60 RCS MEDIAGROUP 737.33 0.20%61 61 RECORDATI 815.53 0.22%62 62 SAIPEM 5 260.66 1.40%63 63 SARAS 2 297.35 0.61%64 64 SEAT PAGINE GIALLE 487.58 0.13%65 65 SIAS 983.07 0.26%66 66 SNAM RETE GAS 7 777.26 2.08%67 67 STMICROELECTRONICS FOREIGN 68 68 TELECOM ITALIA 20 110.15 5.37%69 69 TENARIS FOREIGN 70 70 TERNA 4 684.86 1.25%71 71 TISCALI 437.46 0.12%72 72 TOD'S 937.92 0.25%73 73 UNICREDIT 23 111.03 6.17%74 74 UNIONE DI BANCHE ITALIANE 6 646.07 1.77%75 75 UNIPOL GRUPPO FINANZIARIO 2 324.97 0.62%

TOTAL BLUE CHIP SEGMENT 341 978.07 91.27%

STAR SEGMENT

76 1 ACOTEL GROUP 161.45 0.04%77 2 ACTELIOS 203.93 0.05%78 3 AEFFE 71.78 0.02%79 4 AMPLIFON 163.88 0.04%80 5 ANSALDO STS 999.76 0.27%81 6 ASCOPIAVE 344.90 0.09%82 7 ASTALDI 386.73 0.10%83 8 BANCA FINNAT 183.11 0.05%84 9 BANCA GENERALI 312.17 0.08%85 10 BANCA IFIS 213.66 0.06%86 11 BANCA POPOLARE ETRURIA E LAZIO 301.50 0.08%87 12 BB BIOTECH FOREIGN 88 13 BIESSE 107.34 0.03%89 14 BOLZONI 47.38 0.01%90 15 BREMBO 251.06 0.07%91 16 BUONGIORNO 63.98 0.02%92 17 CAD IT 44.18 0.01%93 18 CAIRO COMMUNICATION 159.01 0.04%94 19 CASA DAMIANI 68.39 0.02%95 20 CEMBRE 55.29 0.01%96 21 CENTRALE DEL LATTE DI TORINO 21.08 0.01%97 22 COBRA AUTOMOTIVE TECHNOLOGIES 48.48 0.01%98 23 DADA 111.16 0.03%99 24 D'AMICO INTERNATIONAL SHIPPING 187.95 0.05%

100 25 DATALOGIC 270.67 0.07%101 26 DEA CAPITAL 399.80 0.11%102 27 DIASORIN 751.36 0.20%103 28 DIGITAL BROS 37.33 0.01%104 29 DMAIL GROUP 26.95 0.01%105 30 DMT-DIGITAL MULTIMEDIA TECHNOLOGIES 138.45 0.04%106 31 EEMS 49.16 0.01%107 32 EL.EN. 66.78 0.02%108 33 ELICA 52.69 0.01%109 34 EMAK 110.50 0.03%110 35 ENGINEERING 186.86 0.05%

CAPI

TALI

SATI

ON


Year 2008 • 28

111 36 ESPRINET 175.76 0.05%112 37 EUROTECH 88.37 0.02%113 38 EXPRIVIA 43.84 0.01%114 39 FIDIA 14.37 0.004%115 40 FIERA MILANO 179.70 0.05%116 41 GEFRAN 43.13 0.01%117 42 GRANITIFIANDRE 122.01 0.03%118 43 GRUPPO MUTUIONLINE 109.04 0.03%119 44 IGD - IMMOB. GRANDE DISTRIBUZIONE 324.79 0.09%120 45 IMA 453.10 0.12%121 46 INTERPUMP GROUP 322.46 0.09%122 47 IRCE 40.67 0.01%123 48 ISAGRO 45.54 0.01%124 49 IT HOLDING 63.63 0.02%125 50 IT WAY 21.84 0.01%126 51 JUVENTUS FOOTBALL CLUB 155.43 0.04%127 52 LA DORIA 31.78 0.01%128 53 LANDI RENZO 367.64 0.10%129 54 MARIELLA BURANI 301.43 0.08%130 55 MARR 357.97 0.10%131 56 MIRATO 78.69 0.02%132 57 MONDO TV 14.75 0.004%133 58 NEGRI BOSSI 26.67 0.01%134 59 NICE 200.78 0.05%135 60 OMNIA NETWORK 8.25 0.002%136 61 PANARIAGROUP INDUSTRIE CERAMICHE 101.11 0.03%137 62 POLIGRAFICA S FAUSTINO 10.93 0.003%138 63 POLTRONA FRAU 107.88 0.03%139 64 PRIMA INDUSTRIE 59.60 0.02%140 65 RDB 96.28 0.03%141 66 RENO DE MEDICI 57.22 0.02%142 67 REPLY 151.00 0.04%143 68 SABAF 167.77 0.04%144 69 SAES GETTERS 129.79 0.03%145 70 SOCOTHERM 50.18 0.01%146 71 SOGEFI 146.61 0.04%147 72 TREVISAN COMETAL 22.85 0.01%148 73 TXT 15.13 0.004%149 74 UNI LAND 81.08 0.02%150 75 VITTORIA ASSICURAZIONI 250.25 0.07%151 76 ZIGNAGO VETRO 270.48 0.07%

TOTAL STAR SEGMENT 11 908.52 3.18%

STANDARD 1 SEGMENT

152 1 ACEGAS-APS 270.01 0.07%153 2 ACQUE POTABILI 40.08 0.01%154 3 ACSM 42.84 0.01%155 4 AEDES 45.40 0.01%156 5 AEROPORTO DI FIRENZE 155.35 0.04%157 6 AEROPORTO TOSCANO GALILEO GALILEI 84.58 0.02%158 7 AICON 42.12 0.01%159 8 ALERION INDUSTRIES 176.10 0.05%160 9 ANIMA SGR 151.72 0.04%161 10 ARENA 25.43 0.01%162 11 BANCA INTERMOBILIARE 432.53 0.12%163 12 BANCA POPOLARE SPOLETO 111.26 0.03%



(eur m) % TOT

164 13 BANCA PROFILO 60.41 0.02%165 14 BANCO DI DESIO E BRIANZA 593.66 0.16%166 15 BANCO DI SARDEGNA 52.85 0.01%167 16 BASICNET 69.93 0.02%168 17 BASTOGI-IRBS 29.25 0.01%169 18 BEGHELLI 102.48 0.03%170 19 BIALETTI INDUSTRIE 19.95 0.01%171 20 BONIFICHE FERRARESI 161.41 0.04%172 21 BRIOSCHI 158.16 0.04%173 22 CALTAGIRONE 293.39 0.08%174 23 CALTAGIRONE EDITORE 276.08 0.07%175 24 CAMFIN 100.83 0.03%176 25 CARRARO 100.63 0.03%177 26 CDC POINT 12.35 0.003%178 27 CELL THERAPEUTICS FOREIGN 179 28 CEMENTIR HOLDING 397.42 0.11%180 29 CHL 26.20 0.01%181 30 CICCOLELLA 134.97 0.04%182 31 CLASS EDITORI 69.60 0.02%183 32 COFIDE 265.78 0.07%184 33 CREDITO ARTIGIANO 559.46 0.15%185 34 CRESPI 22.10 0.01%186 35 CSP INTERNATIONAL 26.90 0.01%187 36 DANIELI & C 484.87 0.13%188 37 DATA SERVICE 9.61 0.00%189 38 DE' LONGHI 216.53 0.06%190 39 ERG RENEW 86.67 0.02%191 40 ERGO PREVIDENZA 402.27 0.11%192 41 EUROFLY 3.49 0.001%193 42 EUTELIA 19.70 0.01%194 43 EVEREL GROUP 9.76 0.003%195 44 FILATURA DI POLLONE 4.90 0.001%196 45 FINARTE CASA D'ASTE 8.90 0.002%197 46 FMR-ART'E' 14.25 0.004%198 47 FULLSIX 22.03 0.01%199 48 GABETTI PROPERTY SOLUTIONS 51.37 0.01%200 49 GAS PLUS 343.03 0.09%201 50 GEWISS 311.39 0.08%202 51 GRUPPO CERAMICHE RICCHETTI 52.05 0.01%203 52 GRUPPO COIN 285.26 0.08%204 53 GRUPPO MINERALI MAFFEI 43.12 0.01%205 54 I GRANDI VIAGGI 33.13 0.01%206 55 I VIAGGI DEL VENTAGLIO 28.50 0.01%207 56 IL SOLE 24 ORE 98.33 0.03%208 57 IMMSI 239.36 0.06%209 58 INTEK 110.17 0.03%210 59 INVEST E SVILUPPO 19.64 0.01%211 60 IPI 75.61 0.02%212 61 K.R.ENERGY 232.82 0.06%213 62 KINEXIA 14.94 0.004%214 63 KME GROUP 117.18 0.03%215 64 LAVORWASH 18.40 0.005%216 65 LAZIO 22.25 0.01%217 66 MARCOLIN 62.95 0.02%218 67 MEDIACONTECH 19.05 0.01%219 68 MEDITERRANEA ACQUE 165.09 0.04%220 69 MELIORBANCA 368.81 0.10%221 70 MITTEL 202.24 0.05%


Year 2008 • 29

CAPITALISATION

222 71 MOLECULAR MEDICINE 109.16 0.03%223 72 MONRIF 67.00 0.02%224 73 MONTEFIBRE 35.17 0.01%225 74 OLIDATA 11.37 0.003%226 75 PERMASTEELISA 266.14 0.07%227 76 PIAGGIO & C 494.53 0.13%228 77 PININFARINA 36.74 0.01%229 78 POLIGRAFICI EDITORIALE 50.44 0.01%230 79 PREMAFIN FINANZIARIA -HOLD DI PART 508.83 0.14%231 80 PREMUDA 144.92 0.04%232 81 RATTI 14.11 0.00%233 82 RETELIT 53.40 0.01%234 83 RICHARD-GINORI 1735 SUSPEDED 235 84 RISANAMENTO 119.91 0.03%236 85 ROMA 81.40 0.02%237 86 SADI SERVIZI INDUSTRIALI 53.84 0.01%238 87 SAFILO GROUP 173.56 0.05%239 88 SAVE - AEROPORTO VENEZIA MARCO POLO 223.15 0.06%240 89 SNAI 242.84 0.06%241 90 SNIA 20.23 0.01%242 91 SOL 245.10 0.07%243 92 SOPAF 75.73 0.02%244 93 SORIN 217.73 0.06%245 94 STEFANEL 63.49 0.02%246 95 TAS 23.69 0.01%247 96 TELECOM ITALIA MEDIA 298.76 0.08%248 97 TREVI FIN INDUSTRIALE 469.91 0.13%249 98 VIANINI LAVORI 175.53 0.05%

TOTAL STANDARD 1 SEGMENT 13 585.58 3.63%

STANDARD 2 SEGMENT

250 1 BOERO BARTOLOMEO 104.60 0.03%251 2 VIANINI INDUSTRIA 46.06 0.01%252 3 ZUCCHI 22.80 0.01%

TOTAL STANDARD 2 SEGMENT 173.46 0.05%


253 1 CAPE LIVE 22.67 0.01%254 2 ERGYCAPITAL 27.83 0.01%255 3 INVESTIMENTI SVILUPPO MEDITERRANEO 49.70 0.01%256 4 MANAGEMENT & CAPITALI 214.63 0.06%257 5 MID INDUSTRY CAPITAL 57.00 0.02%

TOTAL INVESTMENT COMPANIES 371.83 0.10%

MAC

258 1 AREA IMPIANTI 49.19 0.01%259 2 RAFFAELE CARUSO 34.85 0.01%260 3 SEI SERVIZI ENERGETICI INTEGRATI 48.79 0.01%261 4 TESSITURA PONTELAMBRO 13.09 0.003%

TOTAL MAC 145.93 0.04%



(eur m) % TOT

MERCATO EXPANDI

262 1 ANTICHI PELLETTIERI 127.69 0.03%263 2 APULIA PRONTOPRESTITO 74.22 0.02%264 3 ARKIMEDICA 95.75 0.03%265 4 AUTOSTRADE MERIDIONALI 36.09 0.01%266 5 B&C SPEAKERS 27.63 0.01%267 6 BANCA POP EMILIA ROMAGNA 2 484.10 0.66%268 7 BANCA POPOLARE SONDRIO 2 005.02 0.54%269 8 BEST UNION COMPANY 17.02 0.005%270 9 BIANCAMANO 61.17 0.02%271 10 BIOERA 32.37 0.01%272 11 BORGOSESIA 79.59 0.02%273 12 BOUTY HEALTHCARE 26.50 0.01%274 13 CALEFFI 14.89 0.004%275 14 COGEME SET 43.28 0.01%276 15 COMPAGNIA IMMOBILIARE AZIONARIA 19.39 0.01%277 16 CONAFI PRESTITO' 35.07 0.01%278 17 ENERVIT 26.26 0.01%279 18 FNM 122.45 0.03%280 19 GREENVISION AMBIENTE 132.50 0.04%281 20 IW BANK 161.79 0.04%282 21 KERSELF 174.00 0.05%283 22 MONDO HE 7.16 0.002%284 23 MONTI ASCENSORI 13.76 0.004%285 24 NOEMALIFE 25.55 0.01%286 25 NOVA RE 22.95 0.01%287 26 PIERREL 69.91 0.02%288 27 PIQUADRO 38.92 0.01%289 28 PRAMAC 47.28 0.01%290 29 RCF GROUP 31.41 0.01%291 30 REALTY VAILOG 33.26 0.01%292 31 RGI 39.64 0.01%293 32 ROSSS 5.79 0.002%294 33 SCREEN SERVICE BROADCASTING TECH. 60.94 0.02%295 34 SERVIZI ITALIA 63.18 0.02%296 35 TAMBURI INVESTMENT PARTNERS 160.94 0.04%297 36 TERNIENERGIA 38.62 0.01%298 37 TOSCANA FINANZA 22.28 0.01%299 38 VALSOIA 24.26 0.01%300 39 YORKVILLE BHN 36.40 0.01%

TOTAL MERCATO EXPANDI 6 539.02 1.75%

TOTAL 374 702.41 100.00%

CAPI

TALI

SATI

ON


Year 2008 • 30

1 ENI MTA BC 66 312.06 17.70% 17.70%2 INTESA SANPAOLO MTA BC 31 515.70 8.41% 26.11%3 ENEL MTA BC 27 635.54 7.38% 33.48%4 GENERALI MTA BC 27 082.61 7.23% 40.71%5 UNICREDIT MTA BC 23 111.03 6.17% 46.88%6 TELECOM ITALIA MTA BC 20 110.15 5.37% 52.25%7 BANCA MONTE PASCHI SIENA MTA BC 8 409.29 2.24% 54.49%8 SNAM RETE GAS MTA BC 7 777.26 2.08% 56.57%9 ATLANTIA MTA BC 7 480.38 2.00% 58.56%

10 UNIONE DI BANCHE ITALIANE MTA BC 6 646.07 1.77% 60.34%11 FINMECCANICA MTA BC 6 295.72 1.68% 62.02%12 MEDIOBANCA MTA BC 5 956.64 1.59% 63.61%13 LUXOTTICA MTA BC 5 912.67 1.58% 65.18%14 FIAT MTA BC 5 502.54 1.47% 66.65%15 SAIPEM MTA BC 5 260.66 1.40% 68.06%16 ALLEANZA MTA BC 4 917.63 1.31% 69.37%17 MEDIASET MTA BC 4 799.35 1.28% 70.65%18 EDISON MTA BC 4 779.98 1.28% 71.93%19 TERNA MTA BC 4 684.86 1.25% 73.18%20 A2A MTA BC 3 981.38 1.06% 74.24%21 BANCO POPOLARE MTA BC 3 192.63 0.85% 75.09%22 BANCA CARIGE MTA BC 3 159.08 0.84% 75.93%23 LOTTOMATICA MTA BC 2 677.71 0.71% 76.65%24 BANCA POP EMILIA ROMAGNA ME ME2 2 484.10 0.66% 77.31%25 UNIPOL GRUPPO FINANZIARIO MTA BC 2 324.97 0.62% 77.93%26 SARAS MTA BC 2 297.35 0.61% 78.54%27 MEDIOLANUM MTA BC 2 224.98 0.59% 79.14%28 BUZZI UNICEM MTA BC 2 185.68 0.58% 79.72%29 ITALCEMENTI MTA BC 2 117.03 0.56% 80.29%30 ACEA MTA BC 2 052.98 0.55% 80.83%31 BANCA POPOLARE SONDRIO ME ME2 2 005.02 0.54% 81.37%32 IFIL MTA BC 1 997.19 0.53% 81.90%33 PARMALAT MTA BC 1 962.18 0.52% 82.43%34 FONDIARIA - SAI MTA BC 1 955.11 0.52% 82.95%35 PRYSMIAN MTA BC 1 954.12 0.52% 83.47%36 BANCA POPOLARE MILANO MTA BC 1 744.20 0.47% 83.93%37 FASTWEB MTA BC 1 664.50 0.44% 84.38%38 HERA MTA BC 1 538.99 0.41% 84.79%39 CREDITO BERGAMASCO MTA BC 1 458.91 0.39% 85.18%40 PIRELLI & C MTA BC 1 410.13 0.38% 85.56%41 CAMPARI MTA BC 1 377.75 0.37% 85.92%42 AUTOGRILL MTA BC 1 375.21 0.37% 86.29%43 BULGARI MTA BC 1 324.58 0.35% 86.64%44 CREDITO VALTELLINESE MTA BC 1 309.54 0.35% 86.99%45 ERG MTA BC 1 290.22 0.34% 87.34%46 CATTOLICA ASSICURAZIONI MTA BC 1 277.84 0.34% 87.68%47 GEOX MTA BC 1 144.46 0.31% 87.98%48 BENETTON GROUP MTA BC 1 098.79 0.29% 88.28%49 MILANO ASSICURAZIONI MTA BC 1 071.88 0.29% 88.56%50 CREDITO EMILIANO MTA BC 1 057.22 0.28% 88.85%51 ANSALDO STS MTA ST 999.76 0.27% 89.11%52 SIAS MTA BC 983.07 0.26% 89.37%53 ITALMOBILIARE MTA BC 959.53 0.26% 89.63%

54 TOD'S MTA BC 937.92 0.25% 89.88%55 BENI STABILI MTA BC 918.32 0.25% 90.13%56 MONDADORI EDITORE MTA BC 901.63 0.24% 90.37%57 IMPREGILO MTA BC 819.62 0.22% 90.59%58 RECORDATI MTA BC 815.53 0.22% 90.80%59 DIASORIN MTA ST 751.36 0.20% 91.00%60 RCS MEDIAGROUP MTA BC 737.33 0.20% 91.20%61 IRIDE MTA BC 688.55 0.18% 91.38%62 BANCO DI DESIO E BRIANZA MTA STD1 593.66 0.16% 91.54%63 CIR MTA BC 573.95 0.15% 91.70%64 CREDITO ARTIGIANO MTA STD1 559.46 0.15% 91.85%65 GEMINA MTA BC 552.12 0.15% 91.99%66 AZIMUT HOLDING MTA BC 536.82 0.14% 92.14%67 PREMAFIN FINANZ. -HOLD DI PART MTA STD1 508.83 0.14% 92.27%68 PIAGGIO & C MTA STD1 494.53 0.13% 92.40%69 SEAT PAGINE GIALLE MTA BC 487.58 0.13% 92.53%70 DANIELI & C MTA STD1 484.87 0.13% 92.66%71 INDESIT COMPANY MTA BC 482.61 0.13% 92.79%72 GRUPPO EDITORIALE L'ESPRESSO MTA BC 478.11 0.13% 92.92%73 AUTOSTRADA TO-MI MTA BC 476.93 0.13% 93.05%74 TREVI FIN INDUSTRIALE MTA STD1 469.91 0.13% 93.17%75 IMA MTA ST 453.10 0.12% 93.29%76 MAIRE TECNIMONT MTA BC 449.63 0.12% 93.41%77 TISCALI MTA BC 437.46 0.12% 93.53%78 BANCA INTERMOBILIARE MTA STD1 432.53 0.12% 93.65%79 ENIA MTA BC 408.43 0.11% 93.75%80 ERGO PREVIDENZA MTA STD1 402.27 0.11% 93.86%81 DEA CAPITAL MTA ST 399.80 0.11% 93.97%82 CEMENTIR HOLDING MTA STD1 397.42 0.11% 94.07%83 ASTALDI MTA ST 386.73 0.10% 94.18%84 BANCA ITALEASE MTA BC 374.97 0.10% 94.28%85 IFI MTA BC 368.86 0.10% 94.38%86 MELIORBANCA MTA STD1 368.81 0.10% 94.47%87 LANDI RENZO MTA ST 367.64 0.10% 94.57%88 MARR MTA ST 357.97 0.10% 94.67%89 ASCOPIAVE MTA ST 344.90 0.09% 94.76%90 GAS PLUS MTA STD1 343.03 0.09% 94.85%91 IGD - IMM. GRANDE DISTRIBUZIONE MTA ST 324.79 0.09% 94.94%92 INTERPUMP GROUP MTA ST 322.46 0.09% 95.02%93 BANCA GENERALI MTA ST 312.17 0.08% 95.11%94 GEWISS MTA STD1 311.39 0.08% 95.19%95 BANCA POP. ETRURIA E LAZIO MTA ST 301.50 0.08% 95.27%96 MARIELLA BURANI MTA ST 301.43 0.08% 95.35%97 TELECOM ITALIA MEDIA MTA STD1 298.76 0.08% 95.43%98 CALTAGIRONE MTA STD1 293.39 0.08% 95.51%99 GRUPPO COIN MTA STD1 285.26 0.08% 95.59%

100 CALTAGIRONE EDITORE MTA STD1 276.08 0.07% 95.66%101 DATALOGIC MTA ST 270.67 0.07% 95.73%102 ZIGNAGO VETRO MTA ST 270.48 0.07% 95.80%103 ACEGAS-APS MTA STD1 270.01 0.07% 95.88%104 PERMASTEELISA MTA STD1 266.14 0.07% 95.95%105 COFIDE MTA STD1 265.78 0.07% 96.02%106 BREMBO MTA ST 251.06 0.07% 96.09%

LISTED COMPANIES BY CAPITALISATION ON 30.12.2008COMPANY MKT SEGM CAPITALISATION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

(eur m) % TOT % TOTCUMUL

COMPANY MKT SEGM CAPITALISATION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _(eur m) % TOT % TOT

CUMUL


Year 2008 • 31

CAPITALISATION

107 VITTORIA ASSICURAZIONI MTA ST 250.25 0.07% 96.15%108 SOL MTA STD1 245.10 0.07% 96.22%109 SNAI MTA STD1 242.84 0.06% 96.28%110 IMMSI MTA STD1 239.36 0.06% 96.35%111 K.R.ENERGY MTA STD1 232.82 0.06% 96.41%112 SAVE - AEROPORTO VENEZIA MTA STD1 223.15 0.06% 96.47%113 SORIN MTA STD1 217.73 0.06% 96.53%114 DE' LONGHI MTA STD1 216.53 0.06% 96.58%115 MANAGEMENT & CAPITALI MTA MTF4 214.63 0.06% 96.64%116 BANCA IFIS MTA ST 213.66 0.06% 96.70%117 ACTELIOS MTA ST 203.93 0.05% 96.75%118 MITTEL MTA STD1 202.24 0.05% 96.81%119 NICE MTA ST 200.78 0.05% 96.86%120 D'AMICO INTERNATIONAL SHIPPING MTA ST 187.95 0.05% 96.91%121 ENGINEERING MTA ST 186.86 0.05% 96.96%122 BANCA FINNAT MTA ST 183.11 0.05% 97.01%123 FIERA MILANO MTA ST 179.70 0.05% 97.06%124 ALERION INDUSTRIES MTA STD1 176.10 0.05% 97.10%125 ESPRINET MTA ST 175.76 0.05% 97.15%126 VIANINI LAVORI MTA STD1 175.53 0.05% 97.20%127 KERSELF ME ME1 174.00 0.05% 97.24%128 SAFILO GROUP MTA STD1 173.56 0.05% 97.29%129 PIRELLI & C REAL ESTATE MTA BC 172.32 0.05% 97.34%130 SABAF MTA ST 167.77 0.04% 97.38%131 MEDITERRANEA ACQUE MTA STD1 165.09 0.04% 97.42%132 AMPLIFON MTA ST 163.88 0.04% 97.47%133 IW BANK ME ME1 161.79 0.04% 97.51%134 ACOTEL GROUP MTA ST 161.45 0.04% 97.55%135 BONIFICHE FERRARESI MTA STD1 161.41 0.04% 97.60%136 TAMBURI INVESTMENT PARTNERS ME ME1 160.94 0.04% 97.64%137 CAIRO COMMUNICATION MTA ST 159.01 0.04% 97.68%138 BRIOSCHI MTA STD1 158.16 0.04% 97.73%139 JUVENTUS FOOTBALL CLUB MTA ST 155.43 0.04% 97.77%140 AEROPORTO DI FIRENZE MTA STD1 155.35 0.04% 97.81%141 ANIMA SGR MTA STD1 151.72 0.04% 97.85%142 REPLY MTA ST 151.00 0.04% 97.89%143 SOGEFI MTA ST 146.61 0.04% 97.93%144 PREMUDA MTA STD1 144.92 0.04% 97.97%145 DMT-DIGITAL MULTIMEDIA TECH. MTA ST 138.45 0.04% 98.00%146 CICCOLELLA MTA STD1 134.97 0.04% 98.04%147 GREENVISION AMBIENTE ME ME2 132.50 0.04% 98.08%148 SAES GETTERS MTA ST 129.79 0.03% 98.11%149 ANTICHI PELLETTIERI ME ME2 127.69 0.03% 98.14%150 FNM ME ME1 122.45 0.03% 98.18%151 GRANITIFIANDRE MTA ST 122.01 0.03% 98.21%152 RISANAMENTO MTA STD1 119.91 0.03% 98.24%153 KME GROUP MTA STD1 117.18 0.03% 98.27%154 BANCA POPOLARE SPOLETO MTA STD1 111.26 0.03% 98.30%155 DADA MTA ST 111.16 0.03% 98.33%156 EMAK MTA ST 110.50 0.03% 98.36%157 INTEK MTA STD1 110.17 0.03% 98.39%158 MOLECULAR MEDICINE MTA STD1 109.16 0.03% 98.42%159 GRUPPO MUTUIONLINE MTA ST 109.04 0.03% 98.45%

160 POLTRONA FRAU MTA ST 107.88 0.03% 98.48%161 BIESSE MTA ST 107.34 0.03% 98.51%162 BOERO BARTOLOMEO MTA STD2 104.60 0.03% 98.53%163 BEGHELLI MTA STD1 102.48 0.03% 98.56%164 PANARIAGROUP IND. CERAMICHE MTA ST 101.11 0.03% 98.59%165 CAMFIN MTA STD1 100.83 0.03% 98.62%166 CARRARO MTA STD1 100.63 0.03% 98.64%167 IL SOLE 24 ORE MTA STD1 98.33 0.03% 98.67%168 RDB MTA ST 96.28 0.03% 98.69%169 ARKIMEDICA ME ME2 95.75 0.03% 98.72%170 EUROTECH MTA ST 88.37 0.02% 98.74%171 ERG RENEW MTA STD1 86.67 0.02% 98.77%172 AEROPORTO TOSCANO G. GALILEI MTA STD1 84.58 0.02% 98.79%173 ROMA MTA STD1 81.40 0.02% 98.81%174 UNI LAND MTA ST 81.08 0.02% 98.83%175 BORGOSESIA ME ME1 79.59 0.02% 98.85%176 MIRATO MTA ST 78.69 0.02% 98.88%177 SOPAF MTA STD1 75.73 0.02% 98.90%178 IPI MTA STD1 75.61 0.02% 98.92%179 APULIA PRONTOPRESTITO ME ME1 74.22 0.02% 98.94%180 AEFFE MTA ST 71.78 0.02% 98.95%181 BASICNET MTA STD1 69.93 0.02% 98.97%182 PIERREL ME ME1 69.91 0.02% 98.99%183 CLASS EDITORI MTA STD1 69.60 0.02% 99.01%184 CASA DAMIANI MTA ST 68.39 0.02% 99.03%185 MONRIF MTA STD1 67.00 0.02% 99.05%186 EL.EN. MTA ST 66.78 0.02% 99.06%187 BUONGIORNO MTA ST 63.98 0.02% 99.08%188 IT HOLDING MTA ST 63.63 0.02% 99.10%189 STEFANEL MTA STD1 63.49 0.02% 99.12%190 SERVIZI ITALIA ME ME1 63.18 0.02% 99.13%191 MARCOLIN MTA STD1 62.95 0.02% 99.15%192 BIANCAMANO ME ME1 61.17 0.02% 99.17%193 SCREEN SERVICE BROADCASTING TECH.ME ME2 60.94 0.02% 99.18%194 BANCA PROFILO MTA STD1 60.41 0.02% 99.20%195 PRIMA INDUSTRIE MTA ST 59.60 0.02% 99.21%196 RENO DE MEDICI MTA ST 57.22 0.02% 99.23%197 MID INDUSTRY CAPITAL MTA MTF3 57.00 0.02% 99.24%198 CEMBRE MTA ST 55.29 0.01% 99.26%199 SADI SERVIZI INDUSTRIALI MTA STD1 53.84 0.01% 99.27%200 RETELIT MTA STD1 53.40 0.01% 99.29%201 BANCO DI SARDEGNA MTA STD1 52.85 0.01% 99.30%202 ELICA MTA ST 52.69 0.01% 99.32%203 GRUPPO CERAMICHE RICCHETTI MTA STD1 52.05 0.01% 99.33%204 GABETTI PROPERTY SOLUTIONS MTA STD1 51.37 0.01% 99.34%205 POLIGRAFICI EDITORIALE MTA STD1 50.44 0.01% 99.36%206 SOCOTHERM MTA ST 50.18 0.01% 99.37%207 INVESTIMENTI SVILUPPO MEDITERRANEO MTA MTF3 49.70 0.01% 99.38%208 AREA IMPIANTI MAC MAC 49.19 0.01% 99.40%209 EEMS MTA ST 49.16 0.01% 99.41%210 SEI SERVIZI ENERGETICI INTEGRATI MAC MAC 48.79 0.01% 99.42%211 COBRA AUTOMOTIVE TECHNOLOGIES MTA ST 48.48 0.01% 99.44%212 BOLZONI MTA ST 47.38 0.01% 99.45%




CUMUL

CAPI

TALI

SATI

ON


Year 2008 • 32

213 PRAMAC ME ME2 47.28 0.01% 99.46%214 VIANINI INDUSTRIA MTA STD2 46.06 0.01% 99.47%215 ISAGRO MTA ST 45.54 0.01% 99.49%216 AEDES MTA STD1 45.40 0.01% 99.50%217 CAD IT MTA ST 44.18 0.01% 99.51%218 EXPRIVIA MTA ST 43.84 0.01% 99.52%219 COGEME SET ME ME1 43.28 0.01% 99.53%220 GEFRAN MTA ST 43.13 0.01% 99.54%221 GRUPPO MINERALI MAFFEI MTA STD1 43.12 0.01% 99.56%222 ACSM MTA STD1 42.84 0.01% 99.57%223 AICON MTA STD1 42.12 0.01% 99.58%224 IRCE MTA ST 40.67 0.01% 99.59%225 ACQUE POTABILI MTA STD1 40.08 0.01% 99.60%226 RGI ME ME1 39.64 0.01% 99.61%227 PIQUADRO ME ME1 38.92 0.01% 99.62%228 TERNIENERGIA ME ME2 38.62 0.01% 99.63%229 DIGITAL BROS MTA ST 37.33 0.01% 99.64%230 PININFARINA MTA STD1 36.74 0.01% 99.65%231 YORKVILLE BHN ME ME1 36.40 0.01% 99.66%232 AUTOSTRADE MERIDIONALI ME ME2 36.09 0.01% 99.67%233 MONTEFIBRE MTA STD1 35.17 0.01% 99.68%234 CONAFI PRESTITO' ME ME1 35.07 0.01% 99.69%235 RAFFAELE CARUSO MAC MAC 34.85 0.01% 99.70%236 REALTY VAILOG ME ME1 33.26 0.01% 99.71%237 I GRANDI VIAGGI MTA STD1 33.13 0.01% 99.72%238 BIOERA ME ME2 32.37 0.01% 99.72%239 LA DORIA MTA ST 31.78 0.01% 99.73%240 RCF GROUP ME ME1 31.41 0.01% 99.74%241 BASTOGI-IRBS MTA STD1 29.25 0.01% 99.75%242 I VIAGGI DEL VENTAGLIO MTA STD1 28.50 0.01% 99.76%243 ERGYCAPITAL MTA MTF4 27.83 0.01% 99.76%244 B&C SPEAKERS ME ME1 27.63 0.01% 99.77%245 DMAIL GROUP MTA ST 26.95 0.01% 99.78%246 CSP INTERNATIONAL MTA STD1 26.90 0.01% 99.79%247 NEGRI BOSSI MTA ST 26.67 0.01% 99.79%248 BOUTY HEALTHCARE ME ME2 26.50 0.01% 99.80%249 ENERVIT ME ME1 26.26 0.01% 99.81%250 CHL MTA STD1 26.20 0.01% 99.81%251 NOEMALIFE ME ME1 25.55 0.01% 99.82%252 ARENA MTA STD1 25.43 0.01% 99.83%253 VALSOIA ME ME1 24.26 0.01% 99.83%254 TAS MTA STD1 23.69 0.01% 99.84%255 NOVA RE ME ME2 22.95 0.01% 99.85%256 TREVISAN COMETAL MTA ST 22.85 0.01% 99.85%257 ZUCCHI MTA STD2 22.80 0.01% 99.86%258 CAPE LIVE MTA MTF4 22.67 0.01% 99.86%259 TOSCANA FINANZA ME ME1 22.28 0.01% 99.87%260 LAZIO MTA STD1 22.25 0.01% 99.88%261 CRESPI MTA STD1 22.10 0.01% 99.88%262 FULLSIX MTA STD1 22.03 0.01% 99.89%263 IT WAY MTA ST 21.84 0.01% 99.89%264 CENTRALE DEL LATTE DI TORINO MTA ST 21.08 0.01% 99.90%265 SNIA MTA STD1 20.23 0.01% 99.91%

266 BIALETTI INDUSTRIE MTA STD1 19.95 0.01% 99.91%267 EUTELIA MTA STD1 19.70 0.01% 99.92%268 INVEST E SVILUPPO MTA STD1 19.64 0.01% 99.92%269 COMPAGNIA IMMOB. AZIONARIA ME ME2 19.39 0.01% 99.93%270 MEDIACONTECH MTA STD1 19.05 0.01% 99.93%271 LAVORWASH MTA STD1 18.40 0.005% 99.94%272 BEST UNION COMPANY ME ME1 17.02 0.005% 99.94%273 TXT MTA ST 15.13 0.004% 99.94%274 KINEXIA MTA STD1 14.94 0.004% 99.95%275 CALEFFI ME ME1 14.89 0.004% 99.95%276 MONDO TV MTA ST 14.75 0.004% 99.96%277 FIDIA MTA ST 14.37 0.004% 99.96%278 FMR-ART'E' MTA STD1 14.25 0.004% 99.96%279 RATTI MTA STD1 14.11 0.004% 99.97%280 MONTI ASCENSORI ME ME1 13.76 0.004% 99.97%281 TESSITURA PONTELAMBRO MAC MAC 13.09 0.003% 99.98%282 CDC POINT MTA STD1 12.35 0.003% 99.98%283 OLIDATA MTA STD1 11.37 0.003% 99.98%284 POLIGRAFICA S FAUSTINO MTA ST 10.93 0.003% 99.98%285 EVEREL GROUP MTA STD1 9.76 0.003% 99.99%286 DATA SERVICE MTA STD1 9.61 0.003% 99.99%287 FINARTE CASA D'ASTE MTA STD1 8.90 0.002% 99.99%288 OMNIA NETWORK MTA ST 8.25 0.002% 99.99%289 MONDO HE ME ME1 7.16 0.002% 100.00%290 ROSSS ME ME1 5.79 0.002% 100.00%291 FILATURA DI POLLONE MTA STD1 4.90 0.001% 100.00%292 EUROFLY MTA STD1 3.49 0.001% 100.00%293 ALITALIA MTA BC SUSPENDED .. ..294 BANCO BILBAO VIZCAYA ARGENT MTA BC FOREIGN .. ..295 BANCO SANTANDER MTA BC FOREIGN .. ..296 STMICROELECTRONICS MTA BC FOREIGN .. ..297 TENARIS MTA BC FOREIGN .. ..298 BB BIOTECH MTA ST FOREIGN .. ..299 CELL THERAPEUTICS MTA STD1 FOREIGN .. ..300 RICHARD-GINORI 1735 MTA STD1 FOREIGN .. ..

TOTAL 374 702.41




CUMUL


Year 2008 • 33

TURN

OVER

FINANCIAL INSTRUMENTS TURNOVER BLUE CHIP SHARES(1) STAR SHARES(1) STANDARD SHARES INVESTM COMP SHARES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVERCONTRACTS eur m CONTRACTS eur m CONTRACTS eur m CONTRACTS eur m

TOTAL

2001 38 048 727 641 991.7 2 117 945 4 977.4 3 990 932 10 674.1 - - 2002 36 063 771 621 904.9 1 309 465 3 894.5 2 932 492 7 573.5 - - 2003 34 037 447 664 851.8 1 619 743 5 139.8 2 854 288 8 635.7 - - 2004 30 114 386 718 138.4 1 656 343 6 075.1 2 358 949 7 914.5 - - 2005 38 966 450 917 110.2 3 892 509 18 068.8 4 229 434 18 620.9 - - 2006 48 165 952 1 102 340.6 4 633 775 21 913.0 4 283 166 18 566.6 15 958 55.62007 60 026 584 1 518 261.2 5 765 991 25 039.7 5 789 478 24 573.1 22 220 105.62008 62 213 849 1 007 668.8 3 669 859 11 251.7 2 894 488 7 848.5 28 233 87.8

JANUARY 2007 5 142 506 110 078.5 424 742 1 852.7 563 186 2 560.7 2 125 4.9FEBRUARY 4 910 692 105 406.0 702 016 3 275.8 566 727 2 709.7 2 373 12MARCH 5 780 541 134 025.1 655 984 2 943.2 681 424 2 932.9 2 171 6.5APRIL 4 618 118 120 521.2 503 740 2 356.8 728 787 3 244.5 1 603 4.2MAY 5 414 402 177 299.4 475 782 2 390.1 628 937 2 796.7 2 346 10.2JUNE 5 056 821 152 696.0 442 246 2 113.1 469 053 2 082.3 1 896 10.1JULY 4 927 317 119 457.2 513 045 2 353.3 435 945 1 988.4 2 421 9.9AUGUST 5 351 767 125 408.8 457 501 1 708.1 369 095 1 343.1 1 409 7.5SEPTEMBER 4 481 138 108 838.7 334 002 1 332.2 344 274 1 238.6 1 483 13.6OCTOBER 4 994 936 147 007.2 421 441 1 703.8 393 644 1 578.9 1 519 5.3NOVEMBER 5 741 095 139 702.4 506 527 1 825.5 361 743 1 253.0 1 397 5.8DECEMBER 3 607 251 77 820.7 328 965 1 185.0 246 663 844.3 1 477 15.4

JANUARY 2008 6 688 696 121 869.9 491 154 1 591.7 354 751 1 088.8 1 611 14.1 FEBRUARY 5 432 884 92 672.7 416 237 1 445.3 284 476 903.3 1 783 16.0 MARCH 5 432 523 89 283.3 294 853 939.6 261 500 721.9 1 735 9.6 APRIL 5 325 631 102 337.7 387 624 1 479.9 275 351 807.6 3 174 6.7 MAY 4 689 659 127 872.9 393 120 1 387.5 272 291 859.3 6 702 17.4 JUNE 4 818 366 85 137.7 286 231 841.0 238 006 641.9 2 883 4.9 JULY 5 468 738 76 691.3 336 008 966.1 208 857 560.8 1 909 2.8 AUGUST 3 866 352 52 664.8 205 988 624.0 159 912 393.0 1 053 7.3 SEPTEMBER 6 079 533 111 833.1 304 241 859.9 256 360 686.8 1 541 2.4 OCTOBER 6 783 975 74 294.8 268 782 586.4 265 142 578.6 2 936 3.9 NOVEMBER 4 251 910 43 582.2 169 666 320.8 170 247 331.5 1 534 1.6 DECEMBER 3 375 582 29 428.3 115 955 209.5 147 595 275.0 1 372 1.0

DAILY AVERAGE

2001 150 987 2 547.6 8 405 19.8 15 608 41.6 - - 2002 143 110 2 467.9 5 196 15.5 11 637 30.1 - - 2003 135 069 2 638.3 6 428 20.4 11 327 34.3 - - 2004 117 177 2 794.3 6 445 23.6 9 179 30.8 - - 2005 152 213 3 582.5 15 205 70.6 16 521 72.7 - - 2006 189 630 4 339.9 18 243 86.3 16 863 73.1 116 0.42007 238 201 6 024.8 22 881 99.4 22 974 97.5 88 0.42008 245 905 3 982.9 14 505 44.5 11 441 31.0 112 0.3

JANUARY 2007 233 750 5 003.6 19 306 84.2 25 599 116.4 97 0.2FEBRUARY 245 535 5 270.3 35 101 163.8 28 336 135.5 119 0.6MARCH 262 752 6 092.0 29 817 133.8 30 974 133.3 99 0.3APRIL 243 059 6 343.2 26 513 124.0 38 357 170.8 84 0.2MAY 246 109 8 059.1 21 626 108.6 28 588 127.1 107 0.5JUNE 240 801 7 271.2 21 059 100.6 22 336 99.2 90 0.5JULY 223 969 5 429.9 23 320 107.0 19 816 90.4 110 0.5AUGUST 243 262 5 700.4 20 796 77.6 16 777 61.1 64 0.3SEPTEMBER 224 057 5 441.9 16 700 66.6 17 214 61.9 74 0.7OCTOBER 217 171 6 391.6 18 324 74.1 17 115 68.6 66 0.2NOVEMBER 260 959 6 350.1 23 024 83.0 16 443 57.0 64 0.3DECEMBER 212 191 4 577.7 19 351 69.7 14 510 49.7 87 0.9

JANUARY 2008 304 032 5 539.5 22 325 72.4 16 125 49.5 73 0.6 FEBRUARY 258 709 4 413.0 19 821 68.8 13 546 43.0 85 0.8 MARCH 285 922 4 699.1 15 519 49.5 13 763 38.0 91 0.5 APRIL 242 074 4 651.7 17 619 67.3 12 516 36.7 144 0.3 MAY 223 317 6 089.2 18 720 66.1 12 966 40.9 319 0.8 JUNE 229 446 4 054.2 13 630 40.0 11 334 30.6 137 0.2 JULY 237 771 3 334.4 14 609 42.0 9 081 24.4 83 0.1 AUGUST 193 318 2 633.2 10 299 31.2 7 996 19.6 53 0.4 SEPTEMBER 276 342 5 083.3 13 829 39.1 11 653 31.2 70 0.1 OCTOBER 294 955 3 230.2 11 686 25.5 11 528 25.2 128 0.2 NOVEMBER 212 596 2 179.1 8 483 16.0 8 512 16.6 77 0.1 DECEMBER 177 662 1 548.9 6 103 11.0 7 768 14.5 72 0.1

(1) DAILY AND AFTER HOURS SESSIONS

TURN

OVE

RBIt Stat M A R K E T S T A T I S T I C S

Year 2008 • 34

FINANCIAL INSTRUMENTS TURNOVER MTA INTERN. SHARES MERCATO EXPANDI SHARES MAC TOTAL SHARES(1) SEDEX(1) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVERCONTRACTS eur m CONTRACTS eur m CONTRACTS eur m CONTRACTS eur m CONTRACTS eur m

TOTAL

2001 - - 67 623 398.8 - - 44 225 214 658 041.7 6 635 598 20 799.8 2002 - - 57 879 286.5 - - 40 363 607 633 659.4 5 987 199 18 283.6 2003 - - 72 240 389.7 - - 38 583 718 679 017.1 4 395 103 10 832.7 2004 - - 68 978 463.7 - - 34 198 656 732 591.7 3 748 814 16 468.3 2005 - - 144 515 995.8 - - 47 232 908 954 795.8 4 169 567 49 363.2 2006 41 987 487.6 386 160 2 286.5 - - 57 526 998 1 145 650.0 4 563 846 70 899.6 2007 210 088 2 833.4 685 913 3 778.2 34 3.7 72 500 308 1 574 594.9 4 969 503 88 777.4 2008 196 377 1 175.9 290 737 1 090.9 58 7.3 69 293 601 1 029 130.8 2 700 976 22 786.2

JANUARY 2007 18 711 207.6 54 924 299.9 - - 6 206 194 115 004.4 524 773 9 663.0 FEBRUARY 18 619 224.3 63 097 357.0 - - 6 263 524 111 984.9 459 724 7 396.9 MARCH 20 009 283.0 81 702 420.0 - - 7 221 831 140 610.7 495 127 6 354.6 APRIL 20 763 371.0 77 726 425.0 - - 5 950 737 126 922.6 384 156 6 675.6 MAY 20 519 315.7 82 299 504.6 - - 6 624 285 183 316.7 443 977 9 242.9 JUNE 15 832 243.8 54 527 362.1 - - 6 040 375 157 507.5 449 255 10 562.4 JULY 15 111 275.9 45 384 266.3 - - 5 939 223 124 350.9 458 295 11 701.5 AUGUST 17 401 231.7 34 219 151.8 - - 6 231 392 128 851.1 378 723 5 363.0 SEPTEMBER 15 611 207.3 37 416 224.8 4 0.3 5 213 928 111 855.4 364 128 7 301.9 OCTOBER 18 737 194.2 64 657 316.9 15 1.6 5 894 949 150 808.0 365 243 6 284.6 NOVEMBER 19 290 182.8 62 785 314.9 5 0.3 6 692 842 143 284.7 395 536 4 865.5 DECEMBER 9 485 96.0 27 177 135.1 10 1.6 4 221 028 80 098.0 250 566 3 365.4

JANUARY 2008 18 180 180.8 37 123 140.7 5 0.4 7 591 520 124 886.4 283 714 3 154.0 FEBRUARY 13 842 115.4 26 671 111.7 6 0.3 6 175 899 95 264.9 220 434 1 657.0 MARCH 12 592 99.8 22 446 100.8 2 0.6 6 025 651 91 155.7 220 034 1 955.5 APRIL 12 934 109.8 27 747 102.6 5 0.3 6 032 466 104 844.6 293 333 2 691.0 MAY 10 401 72.3 25 194 94.9 5 0.5 5 397 372 130 304.7 253 115 2 438.9 JUNE 10 354 67.3 20 549 80.4 10 3.1 5 376 399 86 776.2 240 672 2 426.5 JULY 11 835 78.4 26 498 93.3 10 1.5 6 053 855 78 394.2 235 319 2 533.8 AUGUST 8 126 47.9 18 174 61.5 - - 4 259 605 53 798.5 171 642 1 548.1 SEPTEMBER 17 309 106.0 24 623 90.0 1 0.0 6 683 608 113 578.3 268 907 1 690.5 OCTOBER 34 540 134.7 29 053 110.7 1 0.1 7 384 429 75 709.2 202 534 987.6 NOVEMBER 25 691 86.5 17 803 60.4 6 0.3 4 636 857 44 383.4 166 897 845.4 DECEMBER 20 573 77.1 14 856 43.7 7 0.2 3 675 940 30 034.8 144 375 857.6

DAILY AVERAGE

2001 - - 268 1.6 - - 175 497 2 611.3 26 332 82.5 2002 - - 230 1.1 - - 160 173 2 514.5 23 759 72.6 2003 - - 287 1.5 - - 153 110 2 694.5 17 441 43.0 2004 - - 268 1.8 - - 133 069 2 850.6 14 587 64.1 2005 - - 565 3.9 - - 184 504 3 729.7 16 287 192.8 2006 375 4.4 1 520 9.0 - - 226 484 4 510.4 17 968 279.1 2007 834 11.2 2 722 15.0 0 0.1 287 700 6 248.4 19 720 352.3 2008 776 4.6 1 149 4.3 0.2 0.03 273 888 4 067.7 10 676 90.1

JANUARY 2007 851 9.4 2 497 13.6 - - 282 100 5 227.5 23 853 439.2 FEBRUARY 931 11.2 3 155 17.9 - - 313 176 5 599.2 22 986 369.8 MARCH 910 12.9 3 714 19.1 - - 328 265 6 391.4 22 506 288.8 APRIL 1 093 19.5 4 091 22.4 - - 313 197 6 680.1 20 219 351.3 MAY 933 14.3 3 741 22.9 - - 301 104 8 332.6 20 181 420.1 JUNE 754 11.6 2 597 17.2 - - 287 637 7 500.4 21 393 503.0 JULY 687 12.5 2 063 12.1 - - 269 965 5 652.3 20 832 531.9 AUGUST 791 10.5 1 555 6.9 - - 283 245 5 856.9 17 215 243.8 SEPTEMBER 781 10.4 1 871 11.2 0 0.0 260 696 5 592.8 18 206 365.1 OCTOBER 815 8.4 2 811 13.8 1 0.1 256 302 6 556.9 15 880 273.2 NOVEMBER 877 8.3 2 854 14.3 0 0.0 304 220 6 512.9 17 979 221.2 DECEMBER 558 5.6 1 599 7.9 1 0.1 248 296 4 711.6 14 739 198.0

JANUARY 2008 826 8.2 1 687 6.4 0.2 0.02 345 069 5 676.7 12 896 143.4 FEBRUARY 659 5.5 1 270 5.3 0.3 0.02 294 090 4 536.4 10 497 78.9 MARCH 663 5.3 1 181 5.3 0.1 0.03 317 140 4 797.7 11 581 102.9 APRIL 588 5.0 1 261 4.7 0.2 0.01 274 203 4 765.7 13 333 122.3 MAY 495 3.4 1 200 4.5 0.2 0.02 257 018 6 205.0 12 053 116.1 JUNE 493 3.2 979 3.8 0.5 0.15 256 019 4 132.2 11 461 115.5 JULY 515 3.4 1 152 4.1 0.4 0.07 263 211 3 408.4 10 231 110.2 AUGUST 406 2.4 909 3.1 - - 212 980 2 689.9 8 582 77.4 SEPTEMBER 787 4.8 1 119 4.1 0.0 0.00 303 800 5 162.7 12 223 76.8 OCTOBER 1 502 5.9 1 263 4.8 0.0 0.00 321 062 3 291.7 8 806 42.9 NOVEMBER 1 285 4.3 890 3.0 0.30 0.017 231 843 2 219.2 8 345 42.3 DECEMBER 1 083 4.1 782 2.3 0.4 0.01 193 471 1 580.8 7 599 45.1

(1) DAILY AND AFTER HOURS SESSIONS


Year 2008 • 35

TURN

OVER

FINANCIAL INSTRUMENTS TURNOVER ETF ETC AFTER HOURS(1) TOT. AFFARI PLATF.(2) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _


TOTAL

2001 - - - - 1 919 041 5 955.0 52 636 785 682 709.22002 5 124 205.7 - - 1 734 483 6 940.0 47 371 661 654 762.82003 54 219 1 469.4 - - 1 302 762 7 517.0 44 414 035 693 980.12004 133 039 3 226.3 - - 1 089 687 7 892.0 39 424 893 754 362.42005 359 564 8 725.2 - - 973 137 7 305.0 53 186 728 1 016 492.52006 774 066 17 440.5 - - 1 121 181 9 246.5 64 080 289 1 236 978.62007 1 277 603 31 405.1 59 204 402.8 1 081 037 11 142 79 593 544 1 698 223.8 2008 1 271 001 46 594.1 145 078 1 500.5 1 087 884 7 563 74 308 753 1 101 585.5

JANUARY 2007 125 453 2 170.8 - - 118 767 1 051.9 6 969 861 127 283.5 FEBRUARY 133 182 2 313.3 - - 126 405 1 163.6 6 902 483 121 970.1 MARCH 94 700 2 828.5 - - 129 895 1 370.6 7 853 164 150 058.1 APRIL 76 786 1 860.3 1 541 5.0 77 517 855.4 6 447 232 135 678.4 MAY 93 193 2 195.9 5 070 22.1 92 277 979.1 7 246 944 195 069.7 JUNE 80 637 2 531.4 5 311 18.1 84 904 905.3 6 686 751 171 010.9 JULY 91 386 2 542.0 5 369 31.4 84 383 913.5 6 591 370 138 937.6 AUGUST 92 396 3 281.1 4 357 25.9 61 772 648.1 6 744 842 137 688.0 SEPTEMBER 87 835 2 591.0 9 888 97.3 68 226 720.6 5 711 566 121 986.9 OCTOBER 177 149 3 201.8 12 533 84.6 93 928 1 067.4 6 508 697 160 561.7 NOVEMBER 143 610 3 569.0 9 252 73.6 92 051 980.2 7 352 195 152 043.5 DECEMBER 81 276 2 320.1 5 883 44.9 50 912 486.5 4 578 439 85 935.4

JANUARY 2008 149 939 4 116.8 13 685 122.6 93 640 749.8 8 215 339 132 475.3 FEBRUARY 97 349 3 167.5 19 104 180.5 91 101 778.7 6 576 183 100 384.4 MARCH 99 828 3 626.6 18 507 161.1 94 695 736.9 6 386 515 96 981.8 APRIL 89 433 3 356.6 10 376 112.0 74 991 622.7 6 482 966 111 168.7 MAY 93 883 3 037.9 11 321 100.6 65 218 609.4 5 877 322 136 283.6 JUNE 85 812 3 977.0 13 005 131.2 58 831 509.9 5 750 273 93 380.6 JULY 95 405 5 276.8 12 042 159.0 74 819 597.3 6 445 651 86 432.1 AUGUST 62 110 2 771.3 7 686 95.6 27 476 218.7 4 510 843 58 250.8 SEPTEMBER 108 731 4 568.0 11 695 129.9 111 795 836.5 7 085 571 120 015.9 OCTOBER 162 305 5 143.9 10 347 124.5 194 964 974.3 8 077 042 82 152.3 NOVEMBER 125 570 3 408.5 6 863 77.4 134 831 619.8 4 951 253 48 834.4 DECEMBER 100 636 4 143.3 10 447 106.0 65 523 308.9 3 949 795 35 225.7

DAILY AVERAGE

2001 - - - - 7 865 24.4 208 876 2 709.22002 81 3.3 - - 7 109 28.4 187 983 2 598.32003 215 5.8 - - 5 383 31.1 176 246 2 753.92004 518 12.6 - - 4 579 33.2 153 404 2 935.32005 1 405 34.1 - - 4 177 31.4 207 761 3 970.72006 3 048 68.7 - - 4 751 39.2 252 285 4 870.02007 5 070 124.6 336 2.3 4 542 46.8 315 847 6 739.0 2008 4 891 168.9 683 6.4 4 161 34.8 311 814 5 322.8

JANUARY 2007 5 702 98.7 - - 5 399 47.8 316 812 5 785.6 FEBRUARY 6 659 115.7 - - 6 320 58.2 345 124 6 098.5 MARCH 4 305 128.6 - - 5 904 62.3 356 962 6 820.8 APRIL 4 041 97.9 220 0.7 4 845 53.5 339 328 7 141.0 MAY 4 236 99.8 230 1.0 4 194 44.5 329 407 8 866.8 JUNE 3 840 120.5 253 0.9 4 043 43.1 318 417 8 143.4 JULY 4 154 115.5 244 1.4 3 836 41.5 299 608 6 315.3 AUGUST 4 200 149.1 198 1.2 3 634 38.1 306 584 6 258.5 SEPTEMBER 4 392 129.6 494 4.9 3 411 36.0 285 578 6 099.3 OCTOBER 7 702 139.2 545 3.7 4 084 46.4 282 987 6 980.9 NOVEMBER 6 528 162.2 421 3.3 4 603 49.0 334 191 6 911.1 DECEMBER 4 781 136.5 346 2.6 3 916 37.4 269 320 5 055.0

JANUARY 2008 6 815 187.1 622 5.6 4 928 39.5 373 425 6 021.6 FEBRUARY 4 636 150.8 910 8.6 4 338 37.1 313 152 4 780.2 MARCH 5 254 190.9 974 8.5 5 261 40.9 336 132 5 104.3 APRIL 4 065 152.6 472 5.1 4 411 36.6 294 680 5 053.1 MAY 4 471 144.7 539 4.8 3 261 30.5 279 872 6 489.7 JUNE 4 086 189.4 619 6.2 2 942 25.5 273 823 4 446.7 JULY 4 148 229.4 524 6.9 3 253 26.0 280 246 3 757.9 AUGUST 3 106 138.6 384 4.8 2 498 19.9 225 542 2 912.5 SEPTEMBER 4 942 207.6 532 5.9 5 082 38.0 322 071 5 455.3 OCTOBER 7 057 223.6 450 5.4 8 862 44.3 351 176 3 571.8 NOVEMBER 6 279 170.4 343 3.9 6 742 31.0 247 563 2 441.7 DECEMBER 5 297 218.1 550 5.6 5 040 23.8 207 884 1 854.0

(1) TOTAL (MTA SHARES AND SECURITISED DERIVATIVES).(2) INCLUDES WARRANTS, PRE-EMPTIVE RIGHTS, CLOSED-END FUNDS AND CONVERTIBLE BONDS TRADED ON MTA/EXPANDI. TAKEOVER BID ARE

EXCLUDED

TURN

OVE


Year 2008 • 36

FINANCIAL INSTRUMENTS TURNOVER - AFTER HOURSS&P/MIB SHARES MIDEX SHARES MTAX SHARES SEDEX TOTAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVER NUMBER OF TURNOVERCONTRACTS eur m CONTRACTS eur m CONTRACTS eur m CONTRACTS eur m CONTRACTS eur m

TOTAL

2001 975 338 4 593.57 70 190 195.32 582 022 1 234.14 588 235 809.19 1 919 041 5 955.19 2002 1 083 670 5 954.36 94 160 167.10 235 843 538.36 475 142 721.55 1 734 483 6 939.71 2003 893 224 6 929.13 86 479 233.83 167 666 496.91 260 611 258.36 1 302 762 7 516.61 2004 678 624 7 068.23 78 969 280.04 155 996 597.76 290 968 511.59 1 089 687 7 891.60 2005 592 120 6 247.95 110 078 493.00 104 180 372.02 233 083 518.93 973 137 7 305.03 2006 691 256 7 605.62 168 973 1 079.46 52 672 212.31 239 126 498.73 1 121 172 9 246.48 2007 796 185 10 292.38 122 785 526.41 43 398 200.28 151 262 291.00 1 081 037 11 142.23 2008 920 219 7 136.93 113 467 372.89 14 140 52.00 50 196 46.42 1 087 884 7 562.86

JANUARY 2007 84 086 954.91 11 858 48.58 6 721 33.40 21 935 46.00 118 767 1 051.89 FEBRUARY 89 931 1 053.46 13 504 55.10 9 157 40.59 18 766 41.39 126 405 1 163.61 MARCH 98 062 1 286.10 12 250 53.96 9 418 53.68 17 375 24.34 129 895 1 370.61 APRIL 57 978 792.51 10 269 49.28 1 660 7.11 8 663 12.00 77 517 855.43 MAY 69 275 905.11 11 160 55.54 2 406 10.69 11 255 16.88 92 277 979.14 JUNE 55 966 794.34 16 732 85.94 1 765 6.69 11 944 24.68 84 904 905.35 JULY 60 480 829.69 11 063 45.43 2 728 11.64 12 301 36.69 84 383 913.47 AUGUST 44 463 605.21 6 208 24.22 1 400 4.99 10 628 17.20 61 772 648.08 SEPTEMBER 50 612 661.95 8 417 32.87 1 563 5.47 8 817 23.49 68 226 720.60 OCTOBER 73 087 1 006.08 9 732 37.17 3 247 13.43 10 870 23.63 93 928 1 067.35 NOVEMBER 74 637 936.68 7 620 24.19 2 411 9.37 9 520 18.99 92 051 980.21 DECEMBER 37 608 466.35 3 972 14.11 922 3.22 9 188 5.69 50 912 486.50

JANUARY 2008 69 973 704.28 11 237 36.17 4 124 11.33 11 550 7.11 93 640 749.80 FEBRUARY 68 742 710.18 15 417 61.36 10 016 40.67 5 245 4.41 91 101 778.68 MARCH 80 474 696.88 9 395 33.52 - - 4 592 6.22 94 695 736.92 APRIL 57 891 568.70 11 910 48.51 - - 5 059 5.32 74 991 622.67 MAY 53 423 564.57 8 915 40.18 - - 2 628 4.34 65 218 609.37 JUNE 49 334 478.85 6 333 25.96 - - 3 040 4.87 58 831 509.86 JULY 62 942 562.14 8 637 31.15 - - 3 085 3.79 74 819 597.26 AUGUST 23 686 206.49 2 700 11.42 - - 1 030 0.69 27 476 218.68 SEPTEMBER 100 292 810.36 7 879 23.08 - - 3 447 2.93 111 795 836.55 OCTOBER 175 190 939.60 14 662 30.84 - - 4 937 3.74 194 964 974.33 NOVEMBER 120 079 595.49 11 465 22.34 - - 3 203 1.87 134 831 619.81 DECEMBER 58 193 299.40 4 917 8.36 - - 2 380 1.13 65 523 308.92

DAILY AVERAGE

2001 3 997 18.83 288 0.80 2 385 5.06 2 411 3.32 7 865 24.41 2002 4 441 24.40 386 0.68 967 2.21 1 947 2.96 7 109 28.44 2003 3 691 28.63 357 0.97 693 2.05 1 077 1.07 5 383 31.06 2004 2 851 29.70 332 1.18 655 2.51 1 223 2.15 4 579 33.16 2005 2 541 26.82 472 2.12 447 1.60 1 000 2.23 4 177 31.35 2006 2 929 32.23 716 4.57 223 0.90 1 013 2.11 4 751 39.18 2007 3 345 43.25 516 2.21 182 0.84 636 1.22 4 542 46.82 2008 4 072 31.58 502 1.65 354 1.30 222 0.21 4 814 33.46

JANUARY 2007 3 822 43.41 539 2.21 306 1.52 997 2.09 5 399 47.81 FEBRUARY 4 497 52.67 675 2.76 458 2.03 938 2.07 6 320 58.18 MARCH 4 457 58.46 557 2.45 428 2.44 790 1.11 5 904 62.30 APRIL 3 624 49.53 642 3.08 104 0.44 541 0.75 4 845 53.46 MAY 3 149 41.14 507 2.52 109 0.49 512 0.77 4 194 44.51 JUNE 2 665 37.83 797 4.09 84 0.32 569 1.18 4 043 43.11 JULY 2 749 37.71 503 2.07 124 0.53 559 1.67 3 836 41.52 AUGUST 2 615 35.60 365 1.42 82 0.29 625 1.01 3 634 38.12 SEPTEMBER 2 531 33.10 421 1.64 78 0.27 441 1.17 3 411 36.03 OCTOBER 3 178 43.74 423 1.62 141 0.58 473 1.03 4 084 46.41 NOVEMBER 3 732 46.83 381 1.21 121 0.47 476 0.95 4 603 49.01 DECEMBER 2 893 35.87 306 1.09 71 0.25 707 0.44 3 916 37.42

JANUARY 2008 3 683 37.07 591 1.90 217 0.60 608 0.37 4 928 39.46 FEBRUARY 3 273 33.82 734 2.92 477 1.94 250 0.21 4 338 37.08 MARCH 4 471 38.72 522 1.86 - - 255 0.35 5 261 40.94 APRIL 3 405 33.45 701 2.85 - - 298 0.31 4 411 36.63 MAY 2 671 28.23 446 2.01 - - 131 0.22 3 261 30.47 JUNE 2 467 23.94 317 1.30 - - 152 0.24 2 942 25.49 JULY 2 737 24.44 376 1.35 - - 134 0.16 3 253 25.97 AUGUST 2 153 18.77 245 1.04 - - 94 0.06 2 498 19.88 SEPTEMBER 4 559 36.83 358 1.05 - - 157 0.13 5 082 38.02 OCTOBER 7 963 42.71 666 1.40 - - 224 0.17 8 862 44.29 NOVEMBER 6 004 29.77 573 1.12 - - 160 0.09 6 742 30.99 DECEMBER 4 476 23.03 378 0.64 - - 183 0.09 5 040 23.76


Year 2008 • 37

TURN

OVER

FINANCIAL INSTRUMENTS TURNOVERMOT - GOVERNMENT BONDS MOT - BONDS MOT - EUROBONDS AND ABS TOTAL MOT _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _


TOTAL

2001 2 823 789 126 015.1 540 535 10 011.4 22 634 968.9 3 386 958 136 995.4 2002 2 797 169 150 879.4 468 164 7 793.4 72 376 2 295.5 3 337 709 160 968.3 2003 2 164 179 133 833.7 576 603 8 845.0 149 870 3 698.9 2 890 652 146 377.6 2004 2 322 125 139 338.2 493 943 7 313.8 142 389 3 576.1 2 958 457 150 228.1 2005 1 831 009 108 911.5 695 722 11 067.0 123 574 3 230.7 2 650 305 123 209.2 2006 2 145 322 111 880.1 547 648 7 215.2 99 622 3 153.2 2 792 592 122 248.5 2007 2 163 778 139 311.8 455 207 6 096.4 109 040 3 437.3 2 728 025 148 845.5 2008 2 455 657 165 613.1 438 508 5 732.1 156 609 5 173.0 3 050 774 176 518.2

JANUARY 2007 252 112 13 287.7 45 782 582.3 10 893 344.2 308 787 14 214.2 FEBRUARY 194 329 11 036.5 40 745 544.5 8 716 269.4 243 790 11 850.3 MARCH 173 940 11 750.2 40 601 529.5 9 008 282.1 223 549 12 561.8 APRIL 160 609 10 226.1 34 159 414.5 9 084 254.2 203 852 10 894.8 MAY 185 746 11 875.8 42 701 558.3 8 468 269.2 236 915 12 703.4 JUNE 196 882 13 339.1 42 104 546.7 8 537 289.5 247 523 14 175.3 JULY 183 311 12 470.0 36 992 502.9 9 028 252.2 229 331 13 225.1 AUGUST 154 382 10 207.1 28 185 377.6 6 191 185.3 188 758 10 769.9 SEPTEMBER 158 747 11 380.6 30 686 401.6 10 171 309.8 199 604 12 091.9 OCTOBER 192 918 12 865.1 45 551 659.1 12 246 418.3 250 715 13 942.5 NOVEMBER 166 941 11 006.7 36 910 507.4 8 256 264.6 212 107 11 778.7 DECEMBER 143 861 9 867.0 30 791 472.1 8 442 298.3 183 094 10 637.4

JANUARY 2008 224 687 15 154.0 46 188 690.5 10 716 441.1 281 591 16 285.6 FEBRUARY 194 148 12 572.7 39 805 572.2 9 064 352.3 243 017 13 497.1 MARCH 165 811 11 187.9 33 135 435.7 8 294 329.8 207 240 11 953.4 APRIL 199 961 13 374.7 33 825 452.2 8 974 355.6 242 760 14 182.5 MAY 193 168 12 285.6 36 233 495.8 8 903 327.6 238 304 13 109.0 JUNE 205 433 13 950.7 32 605 406.7 10 169 337.7 248 207 14 695.1 JULY 189 883 13 161.2 33 222 413.0 9 903 296.6 233 008 13 870.8 AUGUST 116 357 7 224.8 21 160 256.3 4 816 131.4 142 333 7 612.6 SEPTEMBER 208 379 13 945.3 43 996 558.4 11 124 367.1 263 499 14 870.8 OCTOBER 297 353 22 206.0 52 664 637.6 40 336 1 215.8 390 353 24 059.5 NOVEMBER 238 917 16 226.5 37 252 460.3 19 553 551.1 295 722 17 237.9 DECEMBER 221 560 14 323.6 28 423 353.5 14 757 466.8 264 740 15 143.9

DAILY AVERAGE

2001 11 206 500.1 2 145 39.7 90 3.8 13 440 543.6 2002 11 100 598.7 1 858 30.9 287 9.1 13 245 638.8 2003 8 588 531.1 2 288 35.1 595 14.7 11 471 580.9 2004 9 036 542.2 1 922 28.5 554 13.9 11 512 584.5 2005 7 152 425.4 2 718 43.2 483 12.6 10 353 481.3 2006 8 446 440.5 2 156 28.4 392 12.4 10 994 481.3 2007 8 586 552.8 1 806 24.2 433 13.6 10 825 590.7 2008 9 706 654.6 1 733 22.7 619 20.4 12 058 697.7

JANUARY 2007 11 460 604.0 2 081 26.5 495 15.6 14 036 646.1 FEBRUARY 9 716 551.8 2 037 27.2 436 13.5 12 190 592.5 MARCH 7 906 534.1 1 846 24.1 409 12.8 10 161 571.0 APRIL 8 453 538.2 1 798 21.8 478 13.4 10 729 573.4 MAY 8 443 539.8 1 941 25.4 385 12.2 10 769 577.4 JUNE 9 375 635.2 2 005 26.0 407 13.8 11 787 675.0 JULY 8 332 566.8 1 681 22.9 410 11.5 10 424 601.1 AUGUST 7 017 464.0 1 281 17.2 281 8.4 8 580 489.5 SEPTEMBER 7 937 569.0 1 534 20.1 509 15.5 9 980 604.6 OCTOBER 8 388 559.4 1 980 28.7 532 18.2 10 901 606.2 NOVEMBER 7 588 500.3 1 678 23.1 375 12.0 9 641 535.4 DECEMBER 8 462 580.4 1 811 27.8 497 17.5 10 770 625.7

JANUARY 2008 10 213 688.8 2 099 31.4 487 20.1 12 800 740.3 FEBRUARY 9 245 598.7 1 895 27.2 432 16.8 11 572 642.7 MARCH 8 727 588.8 1 744 22.9 437 17.4 10 907 629.1 APRIL 9 089 607.9 1 538 20.6 408 16.2 11 035 644.7 MAY 9 198 585.0 1 725 23.6 424 15.6 11 348 624.2 JUNE 9 783 664.3 1 553 19.4 484 16.1 11 819 699.8 JULY 8 256 572.2 1 444 18.0 431 12.9 10 131 603.1 AUGUST 5 818 361.2 1 058 12.8 241 6.6 7 117 380.6 SEPTEMBER 9 472 633.9 2 000 25.4 506 16.7 11 977 675.9 OCTOBER 12 928 965.5 2 290 27.7 1 754 52.9 16 972 1 046.1 NOVEMBER 11 946 811.3 1 863 23.0 978 27.6 14 786 861.9 DECEMBER 11 661 753.9 1 496 18.6 777 24.6 13 934 797.0

TURN

OVE


Year 2008 • 38

BLUE CHIP

2001 38 048 727 641 991.7 4 174 44 781.5 34 257 5 762.1 38 087 158 692 535.3

2002 36 063 771 621 904.9 3 320 27 813.9 44 952 6 931.6 36 112 043 656 650.4

2003 34 037 447 664 851.8 2 241 23 420.8 34 889 16 207.1 34 074 577 704 479.8

2004 30 114 386 718 138.4 2 755 23 239.4 14 995 14 967.5 30 132 136 756 345.3

2005 38 966 450 917 110.2 4 631 70 902.0 69 581 15 076.8 39 040 662 1 003 089.0

2006 48 165 952 1 102 340.6 6 452 86 430.4 52 201 22 896.5 48 224 605 1 211 667.5

2007 60 026 584 1 518 261.2 6 646 79 244 48 013 20 601 60 081 243 1 618 106.7

2008 62 213 849 1 007 668.8 .... .... .... .... 62 213 849 1 007 668.8

2008 Jan 6 688 696 121 869.9 .... .... .... .... 6 688 696 121 869.9

Feb 5 432 884 92 672.7 .... .... .... .... 5 432 884 92 672.7

Mar 5 432 523 89 283.3 .... .... .... .... 5 432 523 89 283.3

Apr 5 325 631 102 337.7 .... .... .... .... 5 325 631 102 337.7

May 4 689 659 127 872.9 .... .... .... .... 4 689 659 127 872.9

Jun 4 818 366 85 137.7 .... .... .... .... 4 818 366 85 137.7

Jul 5 468 738 76 691.3 5 468 738 76 691.3

Aug 3 866 352 52 664.8 3 866 352 52 664.8

Sep 6 079 533 111 833.1 6 079 533 111 833.1

Oct 6 783 975 74 294.8 6 783 975 74 294.8

Nov 4 251 910 43 582.2 4 251 910 43 582.2

Dec 3 375 582 29 428.3 3 375 582 29 428.3

STAR

2001 2 117 945 4 977.4 158 203.5 248 26.9 2 118 351 5 207.9

2002 1 309 465 3 894.5 285 389.9 1 393 27.7 1 311 143 4 312.1

2003 1 619 743 5 139.8 276 371.1 761 47.1 1 620 780 5 558.1

2004 1 656 343 6 075.1 433 987.4 441 49.6 1 657 217 7 112.1

2005 3 892 509 18 068.8 578 874.1 7 030 192.7 3 900 117 19 135.6

2006 4 633 775 21 913.0 495 1 095.7 3 543 190.4 4 637 813 23 199.1

2007 5 765 991 25 039.7 548 1 133 4 580 191 5 771 119 26 364.2

2008 3 669 859 11 251.7 .... .... .... .... 3 669 859 11 251.7

2008 Jan 491 154 1 591.7 .... .... .... .... 491 154 1 591.7

Feb 416 237 1 445.3 .... .... .... .... 416 237 1 445.3

Mar 294 853 939.6 .... .... .... .... 294 853 939.6

Apr 387 624 1 479.9 .... .... .... .... 387 624 1 479.9

May 393 120 1 387.5 .... .... .... .... 393 120 1 387.5

Jun 286 231 841.0 .... .... .... .... 286 231 841.0

Jul 336 008 966.1 .... .... .... .... 336 008 966.1

Aug 205 988 624.0 .... .... .... .... 205 988 624.0

Sep 304 241 859.9 .... .... .... .... 304 241 859.9

Oct 268 782 586.4 .... .... .... .... 268 782 586.4

Nov 169 666 320.8 .... .... .... .... 169 666 320.8

Dec 115 955 209.5 .... .... .... .... 115 955 209.5

MONTHLY TURNOVER OF FINANCIAL INSTRUMENTSMARKET BLOCKS(1) OFF MARKET(1) TOTAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _



Year 2008 • 39

TURN

OVER

STANDARD

2001 3 990 932 10 674.1 356 620.1 471 21.5 3 991 759 11 315.7 2002 2 932 492 7 573.5 275 899.7 2 144 41.9 2 934 911 8 515.1 2003 2 854 288 8 635.7 410 1 954.2 1 237 89.2 2 855 935 10 679.0 2004 2 358 949 7 914.5 257 798.6 393 42.5 2 359 599 8 755.7 2005 4 229 434 18 620.9 367 1 204.6 3 058 161.2 4 232 859 19 986.7 2006 4 283 166 18 566.6 507 1 122.6 2 786 161.2 4 286 459 19 850.5 2007 5 789 478 24 573.1 558 1 653 3 364 227 5 793 400 26 453.2 2008 2 894 488 7 848.5 .... .... .... .... 2 894 488 7 848.5

2008 Jan 354 751 1 088.8 .... .... .... .... 354 751 1 088.8 Feb 284 476 903.3 .... .... .... .... 284 476 903.3 Mar 261 500 721.9 .... .... .... .... 261 500 721.9 Apr 275 351 807.6 .... .... .... .... 275 351 807.6 May 272 291 859.3 .... .... .... .... 272 291 859.3 Jun 238 006 641.9 .... .... .... .... 238 006 641.9 Jul 208 857 560.8 .... .... .... .... 208 857 560.8 Aug 159 912 393.0 .... .... .... .... 159 912 393.0 Sep 256 360 686.8 .... .... .... .... 256 360 686.8 Oct 265 142 578.6 .... .... .... .... 265 142 578.6 Nov 170 247 331.5 .... .... .... .... 170 247 331.5 Dec 147 595 275.0 .... .... .... .... 147 595 275.0


2006 15 958 55.6 11 15.4 11 0.6 15 980 71.6 2007 22 220 105.6 7 4 10 1.4 22 237 111.3 2008 28 233 87.8 .... .... .... .... 28 233 87.8

2008 Jan 1 611 14.1 .... .... .... .... 1 611 14.1 Feb 1 783 16.0 .... .... .... .... 1 783 16.0 Mar 1 735 9.6 .... .... .... .... 1 735 9.6 Apr 3 174 6.7 .... .... .... .... 3 174 6.7 May 6 702 17.4 .... .... .... .... 6 702 17.4 Jun 2 883 4.9 .... .... .... .... 2 883 4.9 Jul 1 909 2.8 .... .... .... .... 1 909 2.8 Aug 1 053 7.3 .... .... .... .... 1 053 7.3 Sep 1 541 2.4 .... .... .... .... 1 541 2.4 Oct 2 936 3.9 .... .... .... .... 2 936 3.9 Nov 1 534 1.6 .... .... .... .... 1 534 1.6 Dec 1 372 1.0 .... .... .... .... 1 372 1.0

MTA INTERNATIONAL

2006 41 987 487.6 36 169.1 581 192.1 42 604 848.8 2007 210 088 2 833.4 137 531 3 770 1 689 213 995 5 053.9 2008 196 377 1 175.9 .... .... .... .... 196 377 1 175.9




TURN

OVE


Year 2008 • 40

MERCATO EXPANDI - SHARES

1995 75 059 419.0 108 173.8 142 8.0 75 309 600.8 1996 79 319 397.4 215 210.0 217 15.4 79 751 622.8 1997 116 951 680.7 111 80.3 73 5.2 117 135 766.2 1998 240 331 2 244.4 65 57.9 83 5.8 240 479 2 308.1 1999 97 937 906.2 55 47.7 71 3.7 98 063 957.6 2000 124 175 1 157.7 146 178.5 42 3.6 124 363 1 339.8 2001 67 623 398.8 41 54.8 45 2.1 67 709 455.7 2002 57 879 286.5 20 12.3 23 1.7 57 922 300.5 2003 72 240 389.7 136 75.7 28 2.3 72 404 467.7 2004 68 978 463.7 43 16.9 21 1.3 69 042 481.9 2005 144 515 995.8 119 130.2 33 4.3 144 667 1 130.3 2006 386 160 2 286.5 282 214.7 109 8.7 386 551 2 510.0 2007 685 913 3 778.2 406 343.1 363 26.2 686 682 4 147.5 2008 290 737 1 090.9 .... .... .... .... 290 737 1 090.9


WARRANT

1995 641 799 2 352.5 23 22.3 69 0.8 641 891 2 375.6 1996 470 514 1 526.3 2 2.3 17 0.4 470 533 1 529.0 1997 806 721 4 953.5 15 20.3 12 1.6 806 748 4 975.4 1998 1 352 794 9 598.8 12 14.1 9 0.2 1 352 815 9 613.1 1999 514 440 3 096.7 22 40.6 32 1.7 514 494 3 139.0 2000 692 182 2 731.2 26 30.9 595 3.3 692 803 2 765.4 2001 415 839 1 151.1 34 130.0 16 4.7 415 889 1 285.8 2002 337 595 720.7 17 39.6 29 0.5 337 641 760.8 2003 248 990 425.9 10 26.0 26 1.5 249 026 453.4 2004 228 129 599.9 36 51.1 34 3.2 228 199 654.2 2005 307 516 1 037.8 17 297.8 98 2.7 307 631 1 338.2 2006 338 826 975.9 2 0.5 19 1.2 338 847 977.6 2007 279 158 817.3 10 6.2 16 1.9 279 184 825.4 2008 108 089 118.1 .... .... .... .... 108 089 118.1





Year 2008 • 41

TURN

OVER

SeDex - COVERED WARRANT AND CERTIFICATES

1998 509 561 2 391.4 1 0.6 2 0.03 509 564 2 392.0 1999 2 486 098 14 206.7 1 0.9 8 0.6 2 486 107 14 208.2 2000 8 079 416 31 078.7 15 20.3 24 035 1 011.3 8 103 466 32 110.3 2001 6 635 598 20 799.9 15 16.1 32 385 429.2 6 667 998 21 245.2 2002 5 987 199 18 283.6 32 55.5 65 186 658.1 6 052 417 18 997.2 2003 4 395 103 10 832.7 23 144.6 54 870 470.4 4 449 996 11 447.7 2004 3 748 814 16 468.3 2 2.6 47 693 351.7 3 796 509 16 822.6 2005 4 169 567 49 363.2 33 81.8 57 065 721.9 4 226 665 50 166.9 2006 4 563 846 70 899.6 57 101.7 60 134 644.7 4 624 037 71 646.1 2007 4 969 503 88 777.4 7 18.0 51 271 553.1 5 020 781 89 348.5 2008 2 700 976 22 786.2 .... .... .... .... 2 700 976 22 786.2

2008 Jan 283 714 3 154.0 .... .... .... .... 283 714 3 154.0 Feb 220 434 1 657.0 .... .... .... .... 220 434 1 657.0 Mar 220 034 1 955.5 .... .... .... .... 220 034 1 955.5 Apr 293 333 2 691.0 .... .... .... .... 293 333 2 691.0 May 253 115 2 438.9 .... .... .... .... 253 115 2 438.9 Jun 240 672 2 426.5 .... .... .... .... 240 672 2 426.5 Jul 235 319 2 533.8 .... .... .... .... 235 319 2 533.8 Aug 171 642 1 548.1 .... .... .... .... 171 642 1 548.1 Sep 268 907 1 690.5 .... .... .... .... 268 907 1 690.5 Oct 202 534 987.6 .... .... .... .... 202 534 987.6 Nov 166 897 845.4 .... .... .... .... 166 897 845.4 Dec 144 375 857.6 .... .... .... .... 144 375 857.6

PRE-EMPTIVE RIGHTS (MTA AND MERCATO EXPANDI)

1995 142 843 237.8 4 19.9 10 0.7 142 857 258.4 1996 42 375 43.2 - - 7 0.01 42 382 43.2 1997 100 234 528.7 6 64.7 3 0.001 100 243 593.4 1998 389 884 2 533.8 22 13.0 3 0.03 389 909 2 546.8 1999 336 575 483.6 34 27.9 72 0.3 336 681 511.8 2000 465 320 354.2 - - 7 0.3 465 327 354.5 2001 1 177 392 1 018.8 60 56.1 19 0.3 1 177 471 1 075.2 2002 496 813 119.1 1 0.3 15 0.1 496 829 119.4 2003 973 672 542.7 16 14.7 45 1.8 973 733 559.2 2004 972 382 349.7 14 68.4 25 2.1 972 421 420.2 2005 928 648 1 019.0 18 26.7 70 29.2 928 736 1 074.9 2006 698 760 492.2 16 60.8 43 1.9 698 819 554.9 2007 301 011 422.4 2 0.4 43 1.6 301 056 424.4 2008 685 187 596.0 .... .... .... .... 685 187 596.0

2008 Jan 149 390 55.3 …. …. …. …. 149 390 55.3 Feb 45 626 24.1 …. …. …. …. 45 626 24.1 Mar - - …. …. …. …. - - Apr 32 086 85.1 …. …. …. …. 32 086 85.1 May 101 656 329.0 …. …. …. …. 101 656 329.0 Jun 16 381 5.9 …. …. …. …. 16 381 5.9 Jul 34 386 10.6 …. …. …. …. 34 386 10.6 Aug 42 0.0 …. …. …. …. 42 0.0 Sep - - …. …. …. …. - - Oct 298 932 81.4 …. …. …. …. 298 932 81.4 Nov 64 2.4 …. …. …. …. 64 2.4 Dec 6 624 2.1 …. …. …. …. 6 624 2.1



TURN

OVE


Year 2008 • 42

CONVERTIBLE BONDS (MTA AND MERCATO EXPANDI)

1995 93 285 941.7 43 56.0 85 3.9 93 413 1 001.6 1996 129 424 1 437.2 49 53.4 96 3.9 129 569 1 494.5 1997 143 713 1 683.6 48 185.7 73 3.8 143 834 1 873.1 1998 250 492 3 400.7 47 249.2 60 4.5 250 599 3 654.4 1999 116 785 1 085.2 22 17.9 24 6.2 116 831 1 109.3 2000 144 659 1 139.8 22 62.0 12 0.2 144 693 1 202.0 2001 145 174 1 599.8 56 146.5 17 5.7 145 247 1 752.0 2002 170 229 1 706.1 170 410.9 41 0.7 170 440 2 117.7 2003 139 188 1 568.2 198 300.0 121 0.4 139 507 1 868.7 2004 113 349 943.0 116 297.0 126 0.3 113 591 1 240.2 2005 140 768 1 274.6 53 88.7 296 1.0 141 117 1 364.3 2006 121 393 1 187.7 65 292.7 222 0.6 121 680 1 481.1 2007 96 046 920.0 41 227.7 213 0.5 96 300 1 148.1 2008 61 130 599.7 .... .... .... .... 61 130 599.7

2008 Jan 9 434 89.3 …. …. …. …. 9 434 89.3 Feb 5 745 52.2 …. …. …. …. 5 745 52.2 Mar 6 977 40.7 …. …. …. …. 6 977 40.7 Apr 4 595 39.5 …. …. …. …. 4 595 39.5 May 3 760 33.4 …. …. …. …. 3 760 33.4 Jun 3 005 22.4 …. …. …. …. 3 005 22.4 Jul 2 892 25.9 …. …. …. …. 2 892 25.9 Aug 1 663 16.5 …. …. …. …. 1 663 16.5 Sep 3 067 25.7 …. …. …. …. 3 067 25.7 Oct 6 874 82.3 …. …. …. …. 6 874 82.3 Nov 7 336 102.2 …. …. …. …. 7 336 102.2 Dec 5 782 69.5 …. …. …. …. 5 782 69.5

MOT - DOMESTIC MOT

1995 291 960 4 929.9 499 794.1 513 94.7 292 972 5 818.7 1996 439 137 7 257.4 315 519.0 384 53.4 439 836 7 829.8 1997 539 999 9 461.4 392 746.6 540 59.2 540 931 10 267.2 1998 694 350 14 431.3 1 398 2 784.4 218 140.9 695 966 17 356.6 1999 678 127 13 862.2 …. …. …. …. 678 127 13 862.2 2000 592 771 12 089.0 …. …. …. …. 592 771 12 089.0 2001 540 535 10 011.4 …. …. …. …. 540 535 10 011.4 2002 468 164 7 793.4 …. …. …. …. 468 164 7 793.4 2003 576 603 8 845.0 …. …. …. …. 576 603 8 845.0 2004 493 943 7 313.8 …. …. …. …. 493 943 7 313.8 2005 695 722 11 067.0 …. …. …. …. 695 722 11 067.0 2006 547 648 7 215.2 …. …. …. …. 547 648 7 215.2 2007 455 207 6 096.4 …. …. …. …. 455 207 6 096.4 2008 438 508 5 732.1 .... .... .... .... 438 508 5 732.1





Year 2008 • 43

TURN

OVER

MOT - EUROBONDS & ABSs

2000 4 240 244.6 - - - - 4 240 244.6 2001 22 634 969.3 - - - - 22 634 969.3 2002 72 376 2 295.5 - - - - 72 376 2 295.5 2003 149 870 3 698.9 1 343 988.0 51 720 1 425.8 202 933 6 112.8 2004 142 389 3 576.1 1 490 1 576.6 8 420 615.0 152 299 5 767.7 2005 123 574 3 230.7 1 936 2 718.3 7 299 764.6 132 809 6 713.7 2006 99 622 3 145.5 1 206 3 317.4 2 510 237.7 103 338 6 700.6 2007 109 040 3 437.3 567 1 659.8 1 327 181.4 110 934 5 278.6 2008 156 609 5 173.0 .... .... .... .... 156 609 5 173.0

2008 Jan 10 716 441.1 .... .... .... .... 10 716 441.1 Feb 9 064 352.3 .... .... .... .... 9 064 352.3 Mar 8 294 329.8 .... .... .... .... 8 294 329.8 Apr 8 974 355.6 .... .... .... .... 8 974 355.6 May 8 903 327.6 .... .... .... .... 8 903 327.6 Jun 10 169 337.7 .... .... .... .... 10 169 337.7 Jul 9 903 296.6 .... .... .... .... 9 903 296.6 Aug 4 816 131.4 .... .... .... .... 4 816 131.4 Sep 11 124 367.1 .... .... .... .... 11 124 367.1 Oct 40 336 1 215.8 .... .... .... .... 40 336 1 215.8 Nov 19 553 551.1 .... .... .... .... 19 553 551.1 Dec 14 757 466.8 .... .... .... .... 14 757 466.8

MOT - GOVERNMENT BONDS

1995 2 325 473 87 112.1 .. .. .. .. 2 325 473 87 112.1 1996 3 202 077 137 849.5 .. .. .. .. 3 202 077 137 849.5 1997 3 393 542 167 103.3 .. .. .. .. 3 393 542 167 103.3 1998 3 834 793 160 706.9 .. .. .. .. 3 834 793 160 706.9 1999 3 758 132 152 047.1 .. .. .. .. 3 758 132 152 047.1 2000 3 350 877 141 885.5 .. .. .. .. 3 350 877 141 885.5 2001 2 823 789 126 015.1 .. .. .. .. 2 823 789 126 015.1 2002 2 797 169 150 879.4 .. .. .. .. 2 797 169 150 879.4 2003 2 164 179 133 833.7 .. .. .. .. 2 164 179 133 833.7 2004 2 322 125 139 338.2 .. .. .. .. 2 322 125 139 338.2 2005 1 831 009 108 911.5 .. .. .. .. 1 831 009 108 911.5 2006 2 145 322 111 880.1 .. .. .. .. 2 145 322 111 880.1 2007 2 163 778 139 311.8 .. .. .. .. 2 163 778 139 311.8 2008 2 455 657 165 613.1 .... .... .... .... 2 455 657 165 613.1

2008 Jan 224 687 15 154.0 .... .... .... .... 224 687 15 154.0 Feb 194 148 12 572.7 .... .... .... .... 194 148 12 572.7 Mar 165 811 11 187.9 .... .... .... .... 165 811 11 187.9 Apr 199 961 13 374.7 .... .... .... .... 199 961 13 374.7 May 193 168 12 285.6 .... .... .... .... 193 168 12 285.6 Jun 205 433 13 950.7 .... .... .... .... 205 433 13 950.7 Jul 189 883 13 161.2 .... .... .... .... 189 883 13 161.2 Aug 116 357 7 224.8 .... .... .... .... 116 357 7 224.8 Sep 208 379 13 945.3 .... .... .... .... 208 379 13 945.3 Oct 297 353 22 206.0 .... .... .... .... 297 353 22 206.0 Nov 238 917 16 226.5 .... .... .... .... 238 917 16 226.5 Dec 221 560 14 323.6 .... .... .... .... 221 560 14 323.6



TURN

OVE


Year 2008 • 44

ETF

2002 5 124 205.7 - - - - 5 124 205.7 2003 54 219 1 469.4 12 74.9 48 37.4 54 279 1 581.7 2004 133 039 3 226.3 45 177.0 178 425.5 133 262 3 828.9 2005 359 564 8 725.2 453 1 309.7 411 1 021.1 360 428 11 056.1 2006 774 066 17 440.5 1 206 4 090.2 864 1 382.1 776 136 22 912.8 2007 1 277 603 31 405.1 1 226 4 376.4 1 234 1 024.7 1 280 063 36 806.1 2008 1 271 001 46 594.1 .... .... .... .... 1 271 001 46 594.1

2008 Jan 149 939 4 116.8 .... .... .... .... 149 939 4 116.8 Feb 97 349 3 167.5 .... .... .... .... 97 349 3 167.5 Mar 99 828 3 626.6 .... .... .... .... 99 828 3 626.6 Apr 89 433 3 356.6 .... .... .... .... 89 433 3 356.6 May 93 883 3 037.9 .... .... .... .... 93 883 3 037.9 Jun 85 812 3 977.0 .... .... .... .... 85 812 3 977.0 Jul 95 405 5 276.8 .... .... .... .... 95 405 5 276.8 Aug 62 110 2 771.3 .... .... .... .... 62 110 2 771.3 Sep 108 731 4 568.0 .... .... .... .... 108 731 4 568.0 Oct 162 305 5 143.9 .... .... .... .... 162 305 5 143.9 Nov 125 570 3 408.5 .... .... .... .... 125 570 3 408.5 Dec 100 636 4 143.3 .... .... .... .... 100 636 4 143.3

ETC

2007 59 204 402.8 8 50.6 33 4.2 59 245 457.6 2008 145 078 1 500.5 .... .... .... .... 145 078 1 500.5





Year 2008 • 45

TURN

OVER

CLOSED-END FUNDS

1999 156 12.9 - - - - 156 12.9 2000 1 205 24.4 2 1.3 6 1.0 1 213 26.7 2001 5 214 32.5 - - - - 5 214 32.5 2002 11 094 68.2 11 14.0 105 4.6 11 210 86.8 2003 19 145 124.1 3 2.6 127 6.4 19 275 133.0 2004 30 524 183.4 3 8.6 12 0.5 30 539 192.6 2005 47 757 277.0 2 2.8 13 129.4 47 772 409.1 2006 56 400 332.7 10 109.7 2 0.05 56 412 442.5 2007 110 711 883.9 24 90.4 4 0.3 110 739 974.5 2008 43 691 260.1 .... .... .... .... 43 691 260.1


(1) Beginnin from 1st November 2007 the new provisions of the consolidated law on finance transposing the Mifid directive is into force.Among other things, the new rules repeal the provision requiring the so-called concentration of trades and the consequent obliga-tion to report to the market management company off-market transactions involving financial instruments admitted to trading ona regulated market (the so-called reporting of “block and off-market trades”)



TURN

OVE


Year 2008 • 46

SHARE TRADING VOLUME FROM JANUARY TO DECEMBER 2008SHARE MKT BASKET CONTRACTS QUANTITY TURNOVER DAYS TURNOVER PERFOR- VOLATI- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

TOTAL DAILY AVG. shares TOTAL DAILY WITH RATIO MANCE LITY _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _number number (adjusted) %TOT AVERAGE TRADE yearly yearly yearlyIN % TOT base base base

BLUE CHIP SEGMENT

1 A2A MTA S&P/MIB 718 369 2 839.40 2 765 264 815 6 247 778 518 0.61% 24 694 777 100.00% 88.27% -59.20% 34.61%2 ACEA MTA MIDEX 265 523 1 049.50 103 655 292 1 217 776 187 0.12% 4 813 345 100.00% 48.67% -32.05% 33.39%3 ALITALIA MTA 150 766 1 478.10 895 906 435 471 636 385 0.05% 4 623 886 100.00% 160.25% 158.51%4 ALLEANZA MTA S&P/MIB 636 905 2 517.41 752 321 604 5 525 971 153 0.54% 21 841 783 100.00% 88.86% -34.37% 32.76%5 ATLANTIA MTA S&P/MIB 1 156 514 4 571.20 796 395 381 14 677 882 721 1.43% 58 015 347 100.00% 139.30% -49.23% 37.09%6 AUTOGRILL MTA S&P/MIB 516 025 2 039.62 364 265 293 3 205 932 982 0.31% 12 671 672 100.00% 143.19% -53.40% 37.56%7 AUTOSTRADA TO-MI MTA MIDEX 146 609 579.48 46 974 981 493 068 306 0.05% 1 948 887 100.00% 53.38% -62.54% 37.59%8 AZIMUT HOLDING MTA MIDEX 314 092 1 241.47 259 047 995 1 667 528 326 0.16% 6 591 021 100.00% 181.39% -57.40% 51.32%9 BANCA CARIGE MTA MIDEX 279 669 1 105.41 523 580 703 1 242 368 559 0.12% 4 910 548 100.00% 32.42% -47.15% 41.61%

10 BANCA CARIGE RSP MTA 3 160 12.49 1 516 029 3 668 870 0.00% 14 501 89.33% 0.86% -38.29% 43.23%11 BANCA ITALEASE MTA MIDEX 504 995 1 996.03 431 148 421 2 590 408 859 0.25% 10 238 770 100.00% 256.02% -76.67% 68.28%12 BANCA MONTE PASCHI SIENA MTA S&P/MIB 931 147 3 680.42 4 278 577 980 8 418 277 699 0.82% 33 273 825 100.00% 77.89% -48.59% 40.47%13 BANCA POPOLARE MILANO MTA S&P/MIB 745 805 2 947.85 1 009 743 718 6 784 786 808 0.66% 26 817 339 100.00% 243.29% -54.66% 44.10%14 BANCO BILBAO VIZCAYA ARGENT. MTA 788 3.11 533 494 7 047 328 0.00% 27 855 77.08% 0.02% -51.83% 47.07%15 BANCO POPOLARE MTA S&P/MIB 1 298 804 5 133.61 1 228 715 531 13 752 928 122 1.34% 54 359 400 100.00% 191.84% -66.92% 46.59%16 BANCO SANTANDER MTA 3 195 12.63 2 461 682 26 024 605 0.00% 102 864 98.81% 0.03% -51.55% 54.96%17 BENETTON GROUP MTA MIDEX 234 151 925.50 138 912 441 1 122 123 117 0.11% 4 435 269 100.00% 76.04% -50.52% 40.09%18 BENI STABILI MTA MIDEX 162 160 640.95 1 034 159 979 690 707 997 0.07% 2 730 071 100.00% 53.98% -35.13% 37.15%19 BULGARI MTA S&P/MIB 559 071 2 209.77 551 203 129 3 813 903 305 0.37% 15 074 717 100.00% 183.55% -54.06% 44.21%20 BUZZI UNICEM MTA S&P/MIB 471 723 1 864.52 217 560 057 3 194 189 347 0.31% 12 625 254 100.00% 131.58% -38.29% 41.50%21 BUZZI UNICEM RSP MTA 55 432 219.10 31 688 570 321 800 068 0.03% 1 271 937 100.00% 77.84% -48.74% 39.22%22 CAMPARI MTA MIDEX 231 864 916.46 166 822 200 937 248 261 0.09% 3 704 539 100.00% 57.45% -27.19% 36.75%23 CATTOLICA ASSICURAZIONI MTA MIDEX 120 867 477.74 17 462 439 533 061 875 0.05% 2 106 964 100.00% 33.90% -28.33% 34.20%24 CIR MTA MIDEX 252 900 999.60 626 991 013 1 006 286 751 0.10% 3 977 418 100.00% 79.25% -71.42% 45.43%25 CREDITO BERGAMASCO MTA 10 576 41.80 931 291 25 097 372 0.00% 99 199 100.00% 1.51% -19.31% 34.45%26 CREDITO EMILIANO MTA MIDEX 185 012 731.27 101 203 925 690 164 000 0.07% 2 727 921 100.00% 35.82% -60.54% 35.52%27 CREDITO VALTELLINESE MTA MIDEX 106 726 421.84 50 933 141 358 908 248 0.03% 1 418 610 100.00% 27.24% -21.93% 30.28%28 EDISON MTA MIDEX 292 522 1 156.21 1 030 498 334 1 502 740 865 0.15% 5 939 687 100.00% 19.89% -58.34% 41.25%29 EDISON RSP MTA 8 493 33.57 8 607 156 13 611 495 0.00% 53 800 100.00% 7.78% -41.94% 37.07%30 ENEL MTA S&P/MIB 2 688 243 10 625.47 12 338 968 784 77 064 370 671 7.49% 304 602 256 100.00% 199.45% -45.03% 34.84%31 ENI MTA S&P/MIB 4 026 197 15 913.82 7 313 884 000 155 696 055 056 15.13% 615 399 427 100.00% 182.60% -34.09% 39.96%32 ENIA MTA MIDEX 75 208 297.26 33 776 568 269 708 937 0.03% 1 066 043 100.00% 31.31% -67.86% 39.23%33 ERG MTA MIDEX 576 815 2 279.90 341 041 839 4 337 615 881 0.42% 17 144 727 100.00% 226.88% -33.35% 46.71%34 FASTWEB MTA S&P/MIB 215 401 851.39 44 145 951 898 581 708 0.09% 3 551 706 100.00% 55.52% -16.16% 43.65%35 FIAT MTA S&P/MIB 4 680 555 18 500.22 10 346 351 241 127 676 790 726 12.41% 504 651 347 100.00% 947.25% -73.78% 48.25%36 FIAT PRV MTA 157 074 620.85 123 930 430 933 009 367 0.09% 3 687 784 100.00% 119.98% -83.49% 52.99%37 FIAT RSP MTA 166 307 657.34 145 325 401 1 167 739 854 0.11% 4 615 573 100.00% 181.85% -78.86% 48.71%38 FINMECCANICA MTA S&P/MIB 1 274 670 5 038.22 850 611 477 12 874 607 395 1.25% 50 887 776 100.00% 147.13% -44.71% 33.78%39 FONDIARIA - SAI MTA S&P/MIB 549 084 2 170.29 156 514 270 3 469 011 031 0.34% 13 711 506 100.00% 125.73% -54.00% 39.20%40 FONDIARIA - SAI RSP MTA 90 367 357.18 34 747 010 516 971 790 0.05% 2 043 367 100.00% 81.64% -57.77% 45.04%41 GEMINA MTA MIDEX 234 166 925.56 909 368 292 717 943 160 0.07% 2 837 720 100.00% 61.90% -68.42% 55.76%42 GEMINA RSP MTA 305 1.21 437 857 363 548 0.00% 1 437 52.17% 11.64% -45.05% 57.89%43 GENERALI MTA S&P/MIB 2 023 431 7 997.75 1 820 910 913 45 509 302 000 4.42% 179 878 664 100.00% 129.13% -37.78% 27.07%44 GEOX MTA S&P/MIB 418 868 1 655.60 263 118 668 2 108 589 116 0.20% 8 334 344 100.00% 101.51% -67.79% 46.76%45 GRUPPO EDITORIALE L'ESPRESSO MTA S&P/MIB 183 213 724.16 288 895 394 572 785 445 0.06% 2 263 974 100.00% 70.59% -61.39% 41.43%46 HERA MTA MIDEX 279 974 1 106.62 565 837 346 1 371 751 601 0.13% 5 421 943 100.00% 54.79% -51.22% 39.17%47 IFI PRV MTA MIDEX 257 510 1 021.87 108 537 608 1 318 231 540 0.13% 5 231 078 100.00% 141.88% -78.94% 56.97%48 IFIL MTA MIDEX 410 947 1 630.74 623 947 205 2 750 131 889 0.27% 10 913 222 100.00% 60.31% -70.85% 48.08%49 IFIL RSP MTA 29 327 116.38 27 754 111 104 714 542 0.01% 415 534 100.00% 74.54% -71.21% 48.83%50 IMPREGILO MTA S&P/MIB 733 836 2 900.54 1 395 484 691 4 444 695 123 0.43% 17 567 965 100.00% 346.74% -56.10% 56.00%51 IMPREGILO RSP MTA 440 1.74 161 391 1 252 013 0.00% 4 949 40.32% 9.99% -29.18% 63.18%52 INDESIT COMPANY MTA MIDEX 233 247 921.92 106 757 927 830 240 670 0.08% 3 281 584 100.00% 93.95% -60.04% 47.41%53 INDESIT COMPANY RSP MTA 349 1.38 82 360 576 598 0.00% 2 279 40.71% 16.11% -65.98% 69.29%54 INTESA SANPAOLO MTA S&P/MIB 3 114 729 12 311.18 21 617 046 638 82 823 846 968 8.05% 327 366 984 100.00% 182.43% -52.98% 52.47%55 INTESA SANPAOLO RSP MTA 336 597 1 330.42 1 269 530 479 4 715 029 731 0.46% 18 636 481 100.00% 136.14% -63.54% 53.42%56 IRIDE MTA MIDEX 142 183 561.99 214 682 269 389 372 523 0.04% 1 539 022 100.00% 29.11% -63.19% 36.47%57 ITALCEMENTI MTA S&P/MIB 516 131 2 040.04 273 918 669 3 058 672 491 0.30% 12 089 615 100.00% 154.65% -38.18% 40.28%58 ITALCEMENTI RSP MTA 108 033 427.01 61 956 076 522 080 330 0.05% 2 063 559 100.00% 58.76% -54.18% 39.19%59 ITALMOBILIARE MTA MIDEX 89 706 354.57 7 032 560 377 604 852 0.04% 1 492 509 100.00% 31.70% -54.26% 41.70%60 ITALMOBILIARE RSP MTA 91 443 361.43 7 304 758 273 973 980 0.03% 1 082 901 100.00% 44.70% -58.93% 45.69%61 LOTTOMATICA MTA S&P/MIB 566 822 2 240.40 201 934 406 4 101 341 702 0.40% 16 210 837 100.00% 132.60% -29.07% 30.94%62 LUXOTTICA GROUP MTA S&P/MIB 1 025 949 4 055.13 522 798 471 8 786 142 299 0.85% 34 727 835 100.00% 112.86% -41.02% 45.63%63 MAIRE TECNIMONT MTA MIDEX 192 387 760.42 237 789 564 643 778 059 0.06% 2 544 577 100.00% 73.73% -60.36% 55.13%64 MEDIASET MTA S&P/MIB 1 085 066 4 288.80 2 156 798 721 11 011 816 349 1.07% 43 524 966 100.00% 182.59% -41.04% 35.15%65 MEDIOBANCA MTA S&P/MIB 992 955 3 924.72 1 115 920 167 12 148 469 627 1.18% 48 017 667 100.00% 136.08% -48.35% 29.38%


Year 2008 • 47

TURN

OVER



66 MEDIOLANUM MTA S&P/MIB 477 747 1 888.33 740 931 911 2 595 810 383 0.25% 10 260 120 100.00% 101.48% -44.48% 39.78%67 MILANO ASSICURAZIONI MTA MIDEX 260 324 1 028.95 318 021 250 1 241 936 550 0.12% 4 908 840 100.00% 70.30% -58.16% 35.60%68 MILANO ASSICURAZIONI RSP MTA 14 520 57.39 13 441 907 50 326 233 0.00% 198 918 100.00% 43.73% -57.49% 32.37%69 MONDADORI EDITORE MTA S&P/MIB 185 656 733.82 161 392 466 712 915 934 0.07% 2 817 850 100.00% 62.21% -37.83% 36.88%70 PARMALAT MTA S&P/MIB 882 036 3 486.31 5 696 882 921 10 446 226 505 1.02% 41 289 433 100.00% 337.61% -54.00% 40.30%71 PIRELLI & C MTA S&P/MIB 609 387 2 408.64 8 566 428 910 4 121 865 495 0.40% 16 291 958 100.00% 163.70% -55.11% 37.00%72 PIRELLI & C REAL ESTATE MTA MIDEX 233 229 925.51 60 179 717 860 477 532 0.08% 3 414 593 100.00% 141.84% -83.74% 58.12%73 PIRELLI & C RSP MTA 17 997 71.13 86 622 677 43 420 426 0.00% 171 622 100.00% 64.28% -56.03% 36.45%74 PRYSMIAN MTA S&P/MIB 692 575 2 737.45 329 957 859 4 574 544 080 0.44% 18 081 202 100.00% 182.76% -34.92% 48.95%75 RCS MEDIAGROUP MTA MIDEX 92 894 367.17 152 567 004 291 311 480 0.03% 1 151 429 100.00% 20.82% -67.21% 38.51%76 RCS MEDIAGROUP RSP MTA 9 785 38.68 13 170 710 19 267 828 0.00% 76 157 99.60% 44.88% -68.04% 35.95%77 RECORDATI MTA MIDEX 143 571 567.47 108 900 426 518 044 713 0.05% 2 047 608 100.00% 52.23% -35.91% 34.56%78 SAIPEM MTA S&P/MIB 1 872 239 7 400.15 983 023 058 22 533 927 714 2.19% 89 066 908 100.00% 222.78% -56.35% 56.10%79 SAIPEM RCV MTA 228 0.90 25 949 699 067 0.00% 2 763 28.06% 17.37% -40.98% 61.36%80 SARAS MTA MIDEX 409 831 1 619.89 620 339 452 2 101 853 293 0.20% 8 307 721 100.00% 65.23% -38.86% 40.56%81 SEAT PAGINE GIALLE MTA S&P/MIB 820 391 3 242.65 26 588 907 761 3 095 428 347 0.30% 12 234 895 100.00% 323.90% -78.35% 66.26%82 SEAT PAGINE GIALLE RSP MTA 22 454 88.75 248 948 954 27 516 158 0.00% 108 760 100.00% 182.95% -78.21% 65.16%83 SIAS MTA MIDEX 141 704 560.09 66 255 168 492 617 014 0.05% 1 947 103 100.00% 29.12% -56.72% 31.42%84 SNAM RETE GAS MTA S&P/MIB 773 867 3 058.76 1 847 491 138 7 801 554 706 0.76% 30 836 185 100.00% 94.43% -8.53% 21.33%85 STMICROELECTRONICS MTA S&P/MIB 1 287 545 5 089.11 1 857 876 560 14 018 668 503 1.36% 55 409 757 100.00% 204.09% -53.44% 42.04%86 TELECOM ITALIA MTA S&P/MIB 2 535 266 10 020.81 36 204 214 212 49 796 577 625 4.84% 196 824 417 100.00% 270.57% -45.95% 43.18%87 TELECOM ITALIA RSP MTA 873 079 3 450.91 9 404 210 681 9 848 005 549 0.96% 38 924 923 100.00% 156.06% -51.36% 46.03%88 TENARIS MTA S&P/MIB 1 748 553 6 911.28 1 400 106 127 19 945 833 320 1.94% 78 837 286 100.00% 118.60% -51.63% 55.58%89 TERNA MTA S&P/MIB 741 181 2 929.57 3 040 484 487 8 186 004 414 0.80% 32 355 749 100.00% 151.96% -14.61% 26.45%90 TISCALI MTA MIDEX 1 030 807 4 074.34 3 812 780 661 6 679 437 993 0.65% 26 400 941 100.00% 618.41% -60.48% 72.44%91 TOD'S MTA MIDEX 196 669 777.35 27 973 286 1 073 912 619 0.10% 4 244 714 100.00% 91.77% -36.00% 40.97%92 UBI BANCA MTA S&P/MIB 874 898 3 458.09 650 434 730 9 942 693 512 0.97% 39 299 184 100.00% 101.77% -44.49% 30.93%93 UNICREDIT MTA S&P/MIB 5 414 115 21 399.66 43 383 256 606 163 361 506 076 15.87% 645 697 652 100.00% 325.04% -69.46% 51.12%94 UNICREDIT RSP MTA 13 776 54.45 9 759 821 40 799 823 0.00% 161 264 100.00% 44.96% -62.95% 41.51%95 UNIPOL MTA S&P/MIB 516 809 2 042.72 1 925 272 318 3 151 934 080 0.31% 12 458 237 100.00% 130.10% -45.41% 39.59%96 UNIPOL PRV MTA 413 909 1 636.00 1 700 487 800 2 328 497 581 0.23% 9 203 548 100.00% 186.55% -57.61% 47.81%

DELISTED

BANCA CR FIRENZE MTA 13 074 181.58 76 775 983 512 057 670 0.05% 7 111 912 100.00% 0.00% 3.37%MARAZZI GROUP MTA 40 706 276.91 49 241 269 320 417 320 0.03% 2 179 710 100.00% 0.00% 37.47%

TOTAL BLUE CHIP SEGMENT 61 292 220 242 261.74 233 110 750 320 1 004 766 186 241 3 980 247 719 DAILY AVERAGE PER SHARE 625 431 40 614 773 44.26%DAILY MEDIAN PER SHARE 272 596 5 326 510 41.34%

STAR SEGMENT

1 ACOTEL GROUP MTA ALL STARS 68 818 272.01 4 605 520 318 517 128 0.03% 1 258 961 100.00% 110.44% -53.59% 50.38%2 ACTELIOS MTA ALL STARS 46 506 183.82 15 848 811 96 305 967 0.01% 380 656 100.00% 23.42% -52.79% 43.66%3 AEFFE MTA ALL STARS 44 631 176.41 49 560 326 72 147 369 0.01% 285 167 100.00% 46.16% -74.91% 47.69%4 AMPLIFON MTA ALL STARS 163 104 644.68 205 931 625 427 323 628 0.04% 1 689 026 100.00% 103.79% -76.09% 58.04%5 ANSALDO STS MTA ALL STARS 164 196 649.00 77 992 277 725 760 941 0.07% 2 868 620 100.00% 77.99% 16.01% 34.05%6 ASCOPIAVE MTA ALL STARS 24 832 98.15 35 381 084 52 824 579 0.01% 208 793 100.00% 15.09% -11.63% 34.23%7 ASTALDI MTA ALL STARS 99 121 391.78 67 876 810 326 215 566 0.03% 1 289 390 100.00% 68.96% -23.20% 42.62%8 BANCA FINNAT MTA ALL STARS 11 189 44.23 31 188 073 22 816 068 0.00% 90 182 100.00% 8.59% -41.94% 35.62%9 BANCA GENERALI MTA ALL STARS 61 730 243.99 37 050 124 182 472 536 0.02% 721 235 100.00% 33.28% -59.18% 39.94%

10 BANCA IFIS MTA ALL STARS 19 891 78.62 7 575 353 65 811 473 0.01% 260 124 100.00% 22.09% -30.53% 30.45%11 BANCA POPOLARE ETRURIA E LAZIO MTA ALL STARS 62 436 246.78 31 992 202 227 733 977 0.02% 900 134 100.00% 42.53% -55.94% 33.48%12 BB BIOTECH MTA ALL STARS 7 305 28.87 806 114 41 043 483 0.00% 162 227 100.00% 3.98% -14.04% 24.83%13 BIESSE MTA ALL STARS 95 640 378.02 28 742 283 305 370 554 0.03% 1 206 998 100.00% 104.93% -69.53% 50.65%14 BOLZONI MTA ALL STARS 11 720 46.32 8 481 861 23 890 896 0.00% 94 430 99.60% 32.63% -52.89% 34.99%15 BREMBO MTA ALL STARS 128 452 507.72 55 167 003 430 638 025 0.04% 1 702 127 100.00% 82.60% -65.44% 37.97%16 BUONGIORNO MTA ALL STARS 74 333 293.81 133 781 015 172 377 959 0.02% 681 336 100.00% 125.79% -69.78% 57.90%17 CAD IT MTA ALL STARS 8 341 32.97 2 361 085 18 535 634 0.00% 73 263 100.00% 26.29% -51.72% 34.53%18 CAIRO COMMUNICATION MTA ALL STARS 27 210 107.98 17 277 681 52 751 497 0.01% 209 331 100.00% 22.14% -52.01% 41.45%19 CEMBRE MTA ALL STARS 7 330 28.97 2 760 134 13 461 916 0.00% 53 209 98.42% 16.24% -47.89% 32.24%20 CENTRALE DEL LATTE DI TORINO MTA ALL STARS 6 492 25.66 2 814 830 7 536 857 0.00% 29 790 96.84% 28.15% -46.16% 41.47%21 COBRA MTA ALL STARS 19 118 75.57 10 179 746 43 254 010 0.00% 170 964 100.00% 48.40% -63.55% 47.76%22 DADA MTA ALL STARS 32 322 127.75 6 381 367 73 339 783 0.01% 289 881 100.00% 39.37% -58.44% 48.49%23 DAMIANI MTA ALL STARS 43 855 173.34 65 337 846 124 737 433 0.01% 493 033 100.00% 79.10% -77.91% 47.21%

TURN

OVE


Year 2008 • 48



24 D'AMICO INTERNATIONAL SHIPPING MTA ALL STARS 38 869 153.63 45 381 219 95 340 243 0.01% 376 839 100.00% 30.26% -54.49% 39.13%25 DATALOGIC MTA ALL STARS 11 449 45.43 7 484 868 43 323 897 0.00% 171 920 100.00% 12.86% -21.39% 26.14%26 DEA CAPITAL MTA ALL STARS 52 737 208.45 78 208 611 132 109 866 0.01% 522 173 100.00% 25.51% -37.61% 35.01%27 DIASORIN MTA ALL STARS 39 738 157.07 12 636 204 165 177 998 0.02% 652 877 100.00% 22.97% 3.75% 26.28%28 DIGITAL BROS MTA ALL STARS 9 351 36.96 3 439 181 13 468 747 0.00% 53 236 100.00% 24.37% -47.87% 43.99%29 DMAIL GROUP MTA ALL STARS 16 455 65.04 4 594 900 40 956 950 0.00% 161 885 100.00% 60.06% -62.63% 49.40%30 DMT-DIGITAL MULTIMEDIA TECH. MTA ALL STARS 90 459 357.55 13 079 929 272 813 004 0.03% 1 078 312 100.00% 115.70% -65.51% 60.50%31 EEMS MTA ALL STARS 46 904 185.39 33 823 801 84 076 599 0.01% 332 319 100.00% 79.58% -70.86% 51.92%32 EL EN MTA ALL STARS 14 456 57.14 2 541 182 59 731 991 0.01% 236 095 100.00% 52.67% -48.02% 33.07%33 ELICA MTA ALL STARS 30 974 122.43 24 532 477 49 595 834 0.00% 196 031 100.00% 38.74% -75.64% 46.02%34 EMAK MTA ALL STARS 7 776 30.74 3 420 120 15 635 577 0.00% 61 801 100.00% 12.37% -24.38% 25.59%35 ENGINEERING MTA ALL STARS 14 139 55.89 1 632 038 34 939 949 0.00% 138 103 100.00% 13.06% -46.72% 34.20%36 ESPRINET MTA ALL STARS 124 570 492.37 62 798 723 319 339 205 0.03% 1 262 210 100.00% 119.83% -59.90% 62.08%37 EUROTECH MTA ALL STARS 84 998 335.96 58 161 213 252 513 307 0.02% 998 076 100.00% 163.76% -50.78% 49.13%38 EXPRIVIA MTA ALL STARS 60 988 241.06 83 327 434 126 255 666 0.01% 499 034 100.00% 164.32% -51.22% 63.67%39 FIDIA MTA ALL STARS 37 359 147.66 10 785 378 75 486 852 0.01% 298 367 100.00% 210.53% -62.52% 71.40%40 FIERA MILANO MTA ALL STARS 73 560 290.75 32 388 895 235 832 103 0.02% 932 143 100.00% 76.85% -12.09% 68.78%41 GEFRAN MTA ALL STARS 5 806 22.95 2 100 780 9 027 314 0.00% 35 681 98.42% 14.59% -41.48% 33.33%42 GRANITIFIANDRE MTA ALL STARS 8 732 34.51 3 730 685 22 240 339 0.00% 87 906 100.00% 10.12% -61.75% 29.16%43 IGD - IMM. GRANDE DISTRIBUZIONE MTA ALL STARS 104 281 412.18 173 245 104 336 136 087 0.03% 1 328 601 100.00% 56.02% -48.54% 48.41%44 IMA MTA ALL STARS 26 477 104.65 6 098 572 84 198 591 0.01% 332 801 100.00% 17.88% -4.72% 26.44%45 INTERPUMP GROUP MTA ALL STARS 87 147 344.45 44 149 762 248 227 675 0.02% 981 137 100.00% 57.45% -40.15% 32.78%46 IRCE MTA ALL STARS 3 182 12.58 2 342 523 5 348 778 0.00% 21 141 95.65% 8.33% -44.58% 34.21%47 ISAGRO MTA ALL STARS 57 880 228.77 31 713 109 145 771 082 0.01% 576 170 100.00% 180.70% -45.72% 70.46%48 IT HOLDING MTA ALL STARS 112 955 446.46 426 797 299 232 423 784 0.02% 918 671 100.00% 173.58% -76.28% 84.09%49 IT WAY MTA ALL STARS 3 993 15.78 984 398 5 576 137 0.00% 22 040 97.23% 22.28% -30.90% 29.58%50 JUVENTUS FOOTBALL CLUB MTA ALL STARS 29 811 117.83 47 172 849 44 013 859 0.00% 173 968 100.00% 23.40% -20.66% 43.30%51 LA DORIA MTA ALL STARS 4 629 18.30 2 612 541 3 745 599 0.00% 14 805 92.09% 8.43% -38.75% 39.61%52 LANDI RENZO MTA ALL STARS 152 955 604.57 134 402 962 476 222 008 0.05% 1 882 300 100.00% 119.47% 43.33% 51.88%53 MARIELLA BURANI FASHION GROUP MTA ALL STARS 93 138 368.13 33 471 601 520 107 014 0.05% 2 055 759 100.00% 111.92% -45.69% 31.62%54 MARR MTA ALL STARS 45 483 179.77 21 194 065 128 712 325 0.01% 508 744 100.00% 31.86% -22.61% 31.30%55 MIRATO MTA ALL STARS 7 047 27.85 3 342 346 24 124 820 0.00% 95 355 98.42% 19.43% -45.20% 28.20%56 MONDO TV MTA ALL STARS 13 490 53.32 2 732 877 18 699 372 0.00% 73 911 100.00% 62.05% -71.00% 53.82%57 MUTUIONLINE MTA ALL STARS 10 761 42.53 9 398 600 32 827 170 0.00% 129 752 100.00% 23.79% -36.92% 45.36%58 NEGRI BOSSI MTA ALL STARS 35 535 140.45 81 813 087 53 249 139 0.01% 210 471 100.00% 185.66% -25.68% 62.96%59 NICE MTA ALL STARS 21 677 85.68 12 776 529 38 886 762 0.00% 153 703 100.00% 11.01% -51.76% 37.33%60 OMNIA NETWORK MTA ALL STARS 20 186 79.79 31 344 022 32 640 889 0.00% 129 015 100.00% 120.86% -84.95% 67.50%61 PANARIAGROUP IND. CERAMICHE MTA ALL STARS 10 096 39.91 8 314 338 27 044 855 0.00% 106 897 99.60% 18.33% -48.80% 37.44%62 POLIGRAFICA S FAUSTINO MTA ALL STARS 13 030 51.50 1 105 271 16 388 877 0.00% 64 778 100.00% 92.56% -43.16% 54.30%63 POLTRONA FRAU MTA ALL STARS 36 018 142.36 59 233 703 76 764 339 0.01% 303 416 100.00% 42.31% -64.17% 39.76%64 PRIMA INDUSTRIE MTA ALL STARS 44 764 176.93 6 027 325 121 507 911 0.01% 480 268 100.00% 94.18% -65.23% 49.72%65 RDB MTA ALL STARS 11 241 44.43 10 986 350 26 164 510 0.00% 103 417 99.60% 23.96% -35.08% 41.44%66 RENO DE MEDICI MTA ALL STARS 19 759 78.10 92 715 755 27 479 900 0.00% 108 616 100.00% 24.57% -73.57% 43.84%67 REPLY MTA ALL STARS 12 038 47.58 1 641 477 33 222 167 0.00% 131 313 100.00% 17.80% -25.00% 29.84%68 SABAF MTA ALL STARS 16 149 63.83 2 405 311 42 441 072 0.00% 167 751 100.00% 20.86% -34.74% 32.37%69 SAES GETTERS MTA ALL STARS 34 599 136.75 6 276 043 93 347 331 0.01% 368 962 100.00% 41.10% -70.96% 40.42%70 SAES GETTERS RSP MTA ALL STARS 28 746 113.62 5 862 984 76 806 678 0.01% 303 584 100.00% 78.59% -70.55% 39.59%71 SOCOTHERM MTA ALL STARS 48 630 192.21 24 462 954 98 597 920 0.01% 389 715 100.00% 63.46% -79.38% 55.34%72 SOGEFI MTA ALL STARS 84 423 333.69 86 708 922 290 515 751 0.03% 1 148 284 100.00% 74.65% -70.39% 48.72%73 TREVISAN COMETAL MTA ALL STARS 66 901 264.43 73 267 521 171 161 584 0.02% 676 528 100.00% 259.75% -73.37% 57.44%74 TXT MTA ALL STARS 21 913 86.61 2 717 156 31 987 717 0.00% 126 434 100.00% 103.59% -55.17% 67.38%75 UNI LAND MTA ALL STARS 81 164 320.81 76 828 817 169 552 235 0.02% 670 167 100.00% 60.77% -77.87% 66.08%76 VITTORIA ASSICURAZIONI MTA ALL STARS 12 991 51.35 7 861 868 45 265 110 0.00% 178 913 100.00% 11.95% -37.13% 107.14%77 ZIGNAGO VETRO MTA ALL STARS 15 650 61.86 12 835 002 54 769 151 0.01% 216 479 100.00% 16.04% -26.55% 28.44%

DELISTED

CREMONINI MTA 21 120 147.69 47 426 620 132 887 729 0.01% 929 285 100.00% 0.00% 26.24%GUALA CLOSURES MTA 49 731 263.13 88 059 453 358 500 318 0.03% 1 896 827 100.00% 0.00% 27.38%I.NET MTA 1 050 150.00 33 048 1 463 087 0.00% 209 012 100.00% 0.00% 57.75%NAVIGAZIONE MONTANARI MTA 44 016 222.30 69 472 345 190 880 553 0.02% 964 043 100.00% 0.00% 35.77%POLYNT MTA 20 417 237.41 83 269 488 296 580 329 0.03% 3 448 608 100.00% 0.00% 6.22%

TOTAL STAR SEGMENT 3 522 965 13 924.76 3 216 264 804 10 686 972 931 45 815 532 DAILY AVERAGE PER SHARE 42 963 558 726 44.02%DAILY MEDIAN PER SHARE 30 393 294 124 41.44%


Year 2008 • 49

TURN

OVER



STANDARD 1 SEGMENT

1 ACEGAS-APS MTA 13 054 51.60 7 016 843 39 528 801 0.00% 156 240 100.00% 12.76% -26.48% 25.34%2 ACQUE POTABILI MTA 35 431 140.04 31 305 400 81 252 536 0.01% 321 156 100.00% 86.95% -67.36% 55.83%3 ACSM MTA 7 025 27.77 5 896 748 8 772 041 0.00% 34 672 99.60% 12.58% -49.14% 38.71%4 AEDES MTA 118 075 468.55 236 250 707 290 551 135 0.03% 1 152 981 100.00% 233.06% -86.72% 89.15%5 AEROPORTO DI FIRENZE MTA 2 060 8.14 192 163 3 313 344 0.00% 13 096 86.17% 2.13% -4.63% 31.98%6 AICON MTA 134 246 532.72 256 142 360 296 365 265 0.03% 1 176 053 100.00% 235.93% -81.49% 74.17%7 ALERION INDUSTRIES MTA 36 071 143.14 121 162 414 77 171 878 0.01% 306 238 100.00% 27.64% -43.01% 40.54%8 ANIMA SGR MTA 13 895 54.92 29 136 183 44 411 381 0.00% 175 539 100.00% 27.75% -32.63% 38.62%9 ARENA MTA 53 661 212.10 1 006 968 256 69 659 750 0.01% 275 335 100.00% 124.46% -73.57% 66.11%

10 BANCA INTERMOBILIARE MTA 10 626 42.00 8 728 887 39 197 187 0.00% 154 930 100.00% 5.60% -60.79% 25.49%11 BANCA POPOLARE SPOLETO MTA 4 502 17.79 828 950 5 722 897 0.00% 22 620 96.05% 3.79% -43.95% 40.31%12 BANCA PROFILO MTA 15 837 62.60 26 415 881 28 668 803 0.00% 113 315 100.00% 20.68% -74.64% 45.94%13 BANCO DI DESIO E BRIANZA MTA 25 384 100.33 12 072 929 71 976 735 0.01% 284 493 100.00% 10.32% -35.11% 33.96%14 BANCO DI DESIO E BRIANZA RSP MTA 2 276 9.00 434 057 2 527 389 0.00% 9 990 82.21% 3.29% -39.07% 43.70%15 BANCO DI SARDEGNA RSP MTA 4 864 19.23 1 003 591 13 384 094 0.00% 52 902 99.60% 15.21% -51.85% 29.80%16 BASICNET MTA 56 917 224.97 88 408 236 154 968 891 0.02% 612 525 100.00% 144.95% -42.44% 56.88%17 BASTOGI MTA 33 498 132.40 45 348 909 68 878 934 0.01% 272 249 99.60% 254.95% 60.73% 159.20%18 BEGHELLI MTA 32 224 127.37 66 283 988 58 897 350 0.01% 232 796 100.00% 33.14% -53.71% 52.53%19 BIALETTI INDUSTRIE MTA 10 118 39.99 15 091 718 12 216 433 0.00% 48 286 100.00% 20.12% -83.18% 50.16%20 BONIFICHE FERRARESI MTA 8 573 33.89 701 373 23 363 829 0.00% 92 347 99.60% 12.47% -19.42% 28.73%21 BRIOSCHI MTA 22 598 89.32 141 428 124 46 936 554 0.00% 185 520 100.00% 17.96% -57.46% 45.36%22 CALTAGIRONE MTA 6 314 24.96 2 531 205 11 004 137 0.00% 43 495 97.63% 2.11% -59.87% 38.64%23 CALTAGIRONE EDITORE MTA 19 681 77.79 7 308 989 25 392 287 0.00% 100 365 100.00% 5.85% -50.30% 27.36%24 CAMFIN MTA 26 794 105.91 90 097 941 84 141 260 0.01% 332 574 100.00% 24.50% -78.53% 39.50%25 CARRARO MTA 53 395 211.05 33 036 961 159 248 034 0.02% 629 439 100.00% 78.66% -64.73% 52.82%26 CDC POINT MTA 11 560 45.69 5 194 596 13 543 532 0.00% 53 532 98.81% 42.36% -70.32% 64.58%27 CELL THERAPEUTICS MTA 199 805 799.22 419 853 031 310 116 344 0.03% 1 240 465 100.00% 241.17% -99.34% 107.18%28 CEMENTIR HOLDING MTA 119 468 472.21 87 872 512 407 649 318 0.04% 1 611 262 100.00% 55.22% -57.97% 44.05%29 CHL MTA 43 851 173.32 219 113 794 83 372 980 0.01% 329 537 100.00% 156.82% -65.85% 53.82%30 CICCOLELLA MTA 23 400 92.49 19 793 769 34 049 221 0.00% 134 582 100.00% 10.97% -73.79% 61.60%31 CLASS EDITORI MTA 14 180 56.05 19 499 268 20 001 920 0.00% 79 059 100.00% 19.01% -51.81% 46.45%32 COFIDE MTA 50 830 200.91 234 975 240 149 621 594 0.01% 591 390 100.00% 32.67% -66.31% 42.32%33 CREDITO ARTIGIANO MTA 14 715 58.16 14 646 059 39 058 543 0.00% 154 382 99.60% 5.14% -31.69% 26.10%34 CRESPI MTA 4 974 19.66 7 644 316 5 603 568 0.00% 22 148 92.09% 12.74% -62.04% 45.22%35 CSP INTERNATIONAL MTA 13 136 51.92 14 687 967 20 022 530 0.00% 79 140 99.60% 44.16% -56.54% 46.78%36 DANIELI & C MTA 159 725 631.32 39 759 161 701 128 668 0.07% 2 771 260 100.00% 97.26% -64.85% 58.62%37 DANIELI & C RSP MTA 136 111 537.99 59 625 543 668 371 482 0.06% 2 641 785 100.00% 147.50% -72.73% 58.17%38 DATA SERVICE MTA 14 537 57.46 7 098 056 17 812 726 0.00% 70 406 100.00% 70.85% -78.42% 67.85%39 DE' LONGHI MTA 17 095 67.57 11 360 119 30 431 532 0.00% 120 283 99.60% 7.60% -61.66% 45.16%40 ERG RENEW MTA 18 310 72.37 22 280 511 46 183 502 0.00% 182 543 100.00% 16.79% -78.29% 45.71%41 ERGO PREVIDENZA MTA 24 095 95.62 31 640 364 129 738 433 0.01% 514 835 100.00% 35.30% 12.02% 35.35%42 EUROFLY MTA 48 806 192.91 307 693 711 90 442 275 0.01% 357 479 98.81% 1097.20% -79.48% 275.25%43 EUTELIA MTA 52 476 207.42 61 564 643 91 297 915 0.01% 360 861 100.00% 94.11% -91.17% 69.64%44 EVEREL GROUP MTA 11 640 46.01 42 992 618 11 635 315 0.00% 45 989 99.60% 44.04% -73.97% 58.78%45 FILATURA DI POLLONE MTA 3 959 15.65 5 440 847 3 279 921 0.00% 12 964 95.26% 51.09% -37.33% 56.42%46 FINARTE CASA D'ASTE MTA 4 317 17.06 9 577 139 3 612 266 0.00% 14 278 95.65% 19.12% -65.94% 46.96%47 FMR ART'E' MTA 4 099 16.20 795 234 5 313 513 0.00% 21 002 95.26% 22.21% -50.53% 37.72%48 FULLSIX MTA 5 644 22.49 1 810 897 6 458 720 0.00% 25 732 94.42% 16.32% -68.96% 50.81%49 GABETTI PROPERTY SOLUTIONS MTA 4 346 17.18 5 658 537 8 177 135 0.00% 32 321 99.21% 10.78% -56.55% 44.34%50 GAS PLUS MTA 10 553 41.71 6 764 558 50 283 464 0.00% 198 749 100.00% 15.06% 8.58% 28.47%51 GEWISS MTA 14 490 57.27 7 401 568 27 394 794 0.00% 108 280 99.60% 6.17% -43.45% 38.76%52 GRUPPO CERAMICHE RICCHETTI MTA 7 200 28.46 6 709 860 10 502 986 0.00% 41 514 97.63% 12.53% -42.75% 31.43%53 GRUPPO COIN MTA 38 483 152.11 39 228 225 129 056 203 0.01% 510 104 100.00% 29.69% -61.26% 38.90%54 GRUPPO MINERALI MAFFEI MTA 199 10.47 16 143 113 713 0.00% 5 985 78.95% 3.58% 88.84%55 I GRANDI VIAGGI MTA 10 414 41.16 13 128 627 14 679 118 0.00% 58 020 98.81% 29.17% -52.98% 41.95%56 I VIAGGI DEL VENTAGLIO MTA 33 278 131.53 152 937 266 60 800 229 0.01% 240 317 100.00% 120.05% -51.76% 53.23%57 IL SOLE 24 ORE MTA 20 801 82.22 12 395 157 48 449 327 0.00% 191 499 100.00% 28.60% -60.46% 35.00%58 IMMSI MTA 72 037 284.73 214 487 402 193 796 114 0.02% 765 993 100.00% 62.50% -45.77% 51.33%59 INTEK MTA 14 269 56.40 71 701 934 39 849 702 0.00% 157 509 100.00% 20.62% -58.47% 38.50%60 INTEK RSP MTA 824 3.26 1 527 067 1 426 216 0.00% 5 637 63.24% 10.06% -30.90% 51.60%61 INVESTIMENTI E SVILUPPO MTA 18 917 74.77 216 652 546 31 270 179 0.00% 123 598 100.00% 89.41% -53.81% 53.82%62 IPI MTA 8 360 53.25 4 317 840 14 700 138 0.00% 93 631 93.63% 17.06% -51.20% 89.49%63 K.R.ENERGY MTA 14 031 55.68 66 159 933 21 645 308 0.00% 85 894 100.00% 7.55% -30.01% 57.93%

TURN

OVE


Year 2008 • 50



64 KINEXIA MTA 19 001 75.10 5 587 370 19 014 554 0.00% 75 156 100.00% 73.30% -47.86% 109.52%65 KME GROUP MTA 31 267 123.58 82 410 848 76 144 647 0.01% 300 967 100.00% 35.00% -70.67% 41.81%66 KME GROUP RSP MTA 3 735 14.76 5 539 380 6 646 851 0.00% 26 272 95.65% 29.04% -51.27% 48.82%67 LAVORWASH MTA 3 412 13.54 2 995 676 4 983 908 0.00% 19 777 85.71% 22.56% -19.63% 43.12%68 LAZIO MTA 5 770 22.81 12 990 746 4 968 584 0.00% 19 639 98.81% 19.18% 15.27% 70.39%69 MARCOLIN MTA 8 293 32.78 10 656 654 17 096 424 0.00% 67 575 98.81% 17.15% -46.49% 39.19%70 MEDIACONTECH MTA 4 146 16.39 1 290 755 6 254 630 0.00% 24 722 98.42% 13.91% -74.57% 41.32%71 MEDITERRANEA ACQUE MTA 11 698 46.24 5 879 816 21 302 490 0.00% 84 200 100.00% 7.67% -49.52% 41.78%72 MELIORBANCA MTA 13 401 52.97 18 671 927 55 908 102 0.01% 220 981 99.60% 14.79% -18.27% 23.86%73 MITTEL MTA 8 671 34.27 5 211 988 17 695 913 0.00% 69 944 100.00% 7.39% -43.12% 39.90%74 MOLMED MTA 5 426 26.09 7 880 828 14 981 125 0.00% 72 025 96.15% 9.18% 38.07%75 MONRIF MTA 4 421 17.47 8 213 066 5 528 272 0.00% 21 851 96.44% 5.48% -50.59% 33.59%76 MONTEFIBRE MTA 19 519 77.15 64 729 767 31 299 281 0.00% 123 713 100.00% 49.79% -62.01% 56.17%77 MONTEFIBRE RSP MTA 7 736 30.58 12 792 330 5 921 197 0.00% 23 404 98.02% 49.20% -57.07% 53.52%78 OLIDATA MTA 20 166 79.71 31 772 975 25 514 084 0.00% 100 846 99.60% 93.45% -65.83% 61.65%79 PERMASTEELISA MTA 45 640 180.40 15 269 893 189 464 059 0.02% 748 870 100.00% 55.33% -28.69% 40.83%80 PIAGGIO & C MTA 234 177 925.60 492 611 733 800 888 252 0.08% 3 165 566 100.00% 124.38% -45.92% 51.47%81 PININFARINA MTA 66 549 263.04 19 092 264 185 072 569 0.02% 731 512 100.00% 204.92% -64.18% 90.58%82 POLIGRAFICI EDITORIALE MTA 6 237 24.65 11 630 591 7 883 003 0.00% 31 158 97.63% 8.81% -65.76% 35.14%83 PREMAFIN FINANZ. - HOLD DI PART MTA 41 910 165.65 68 750 914 101 410 653 0.01% 400 833 100.00% 16.75% -36.25% 37.53%84 PREMUDA MTA 15 834 62.58 31 033 663 41 439 155 0.00% 163 791 98.81% 22.05% -36.53% 32.69%85 RATTI MTA 5 661 22.38 14 199 451 6 008 966 0.00% 23 751 92.09% 27.31% -48.11% 50.20%86 RETELIT MTA 52 637 208.05 141 609 278 96 878 449 0.01% 382 919 100.00% 88.78% -65.97% 67.16%87 RICHARD-GINORI 1735 MTA - .. - - 0.00% .. .. - -88 RISANAMENTO MTA 161 423 638.04 320 388 692 464 250 420 0.05% 1 834 982 100.00% 116.79% -87.95% 104.71%89 ROMA MTA 105 054 415.23 282 838 993 279 936 228 0.03% 1 106 467 100.00% 213.43% -5.61% 75.84%90 SADI SERVIZI INDUSTRIALI MTA 8 043 31.79 9 411 214 12 432 488 0.00% 49 140 100.00% 10.15% -70.99% 36.70%91 SAFILO GROUP MTA 262 664 1 038.20 589 745 204 830 658 998 0.08% 3 283 237 100.00% 206.64% -73.56% 67.25%92 SAT MTA 3 577 14.14 853 838 8 610 185 0.00% 34 032 89.72% 8.66% -31.43% 42.48%93 SAVE - AEROPORTO DI VENEZIA MTA 9 814 38.79 3 268 188 29 464 843 0.00% 116 462 99.60% 5.91% -62.70% 39.65%94 SNAI MTA 131 676 520.46 120 819 837 390 863 086 0.04% 1 544 913 100.00% 103.42% -59.63% 57.02%95 SNIA MTA 36 188 144.18 143 945 355 71 620 089 0.01% 285 339 100.00% 102.48% -80.24% 60.60%96 SOL MTA 7 668 30.31 6 272 533 26 524 852 0.00% 104 841 100.00% 6.92% -43.56% 38.20%97 SOPAF MTA 21 771 86.05 101 671 138 40 035 853 0.00% 158 244 100.00% 24.10% -59.48% 49.33%98 SORIN MTA 50 593 199.97 140 322 239 131 100 610 0.01% 518 184 100.00% 29.83% -65.48% 48.52%99 STEFANEL MTA 39 083 154.48 126 529 640 62 386 610 0.01% 246 587 100.00% 77.83% -66.13% 64.08%

100 STEFANEL RSP MTA 15 0.06 9 088 34 209 0.00% 135 5.14% 9.11% -36.73% 66.95%101 TAS MTA 3 111 12.30 278 735 5 676 154 0.00% 22 435 92.89% 15.73% -36.07% 55.93%102 TELECOM ITALIA MEDIA MTA 95 320 376.76 647 588 824 93 680 286 0.01% 370 278 100.00% 19.65% -62.08% 51.50%103 TELECOM ITALIA MEDIA RSP MTA 2 528 9.99 7 549 158 916 618 0.00% 3 623 97.63% 13.73% -60.10% 69.86%104 TREVI FIN INDUSTRIALE MTA 173 584 686.10 67 451 723 826 888 457 0.08% 3 268 334 100.00% 105.39% -39.46% 50.71%105 VIANINI LAVORI MTA 11 895 47.02 3 228 138 25 015 126 0.00% 98 874 100.00% 7.37% -64.95% 38.51%

DELISTED

BANCA POPOLARE INTRA MTA 35 589 147.06 10 487 957 149 681 363 0.01% 618 518 100.00% 0.00% 31.26%CREDITO ARTIG GE08 MTA 1 396 32.47 982 995 2 566 336 0.00% 59 682 100.00% 0.00% 25.75%DUCATI MOTOR HOLDING MTA 110 393 450.58 442 736 778 651 821 052 0.06% 2 660 494 100.00% 0.00% 34.57%IMMOBILIARE LOMBARDA MTA 30 732 145.65 987 784 977 143 017 281 0.01% 677 807 100.00% 0.00% 38.76%JOLLY HOTEL MTA 175 5.65 46 124 1 177 208 0.00% 37 974 93.55% 0.00% 10.78%LINIFICIO MTA 279 6.80 447 018 1 296 710 0.00% 31 627 100.00% 0.00% 9.38%MAFFEI MTA 3 419 14.61 1 741 120 4 258 859 0.00% 18 200 96.58% 0.00% 43.70%SIRTI MTA 5 294 43.39 20 752 256 54 419 550 0.01% 446 062 99.18% 0.00% 28.44%

TOTAL STANDARD 1 SEGMENT 3 958 645 15 646.82 9 805 772 545 11 309 080 028 45 349 065 DAILY AVERAGE PER SHARE 35 032 404 902 51.85%DAILY MEDIAN PER SHARE 14 490 123 655 45.53%

STANDARD 2 SEGMENT

1 BOERO BARTOLOMEO MTA 222 0.88 18 453 487 022 0.00% 1 925 38.74% 0.43% -5.79% 47.66%2 VIANINI INDUSTRIA MTA 1 947 7.70 1 067 375 2 967 075 0.00% 11 728 84.58% 3.55% -54.68% 30.79%3 ZUCCHI MTA 1 617 6.39 1 062 688 2 409 828 0.00% 9 525 79.84% 4.36% -80.05% 46.28%4 ZUCCHI RSP MTA 308 1.22 72 448 229 826 0.00% 908 32.41% 2.11% -42.86% 84.23%


Year 2008 • 51

TURN

OVER



DELISTED

SMURFIT SISA MTA 272 1.55 289 440 638 894 0.00% 3 630 53.41% 0.00% 46.30%

TOTAL STANDARD 2 SEGMENT 4 366 17.26 2 510 404 6 732 644 27 716 DAILY AVERAGE PER SHARE 873 5 543 51.05%DAILY MEDIAN PER SHARE 308 3 630 46.30%


1 INVESTIMENTI E SVIL. MEDITERRANEO MTA 321 1.38 1 164 964 1 142 706 0.00% 4 904 46.35% 2.49% 60.28%2 MID INDUSTRY CAPITAL MTA 428 1.69 249 615 4 733 048 0.00% 18 708 55.73% 6.57% -33.33% 56.88%3 CAPE LIVE MTA 1 608 6.36 8 236 264 5 232 376 0.00% 20 681 89.72% 16.21% -51.02% 47.47%4 ERGYCAPITAL MTA 14 389 73.04 21 827 415 19 750 478 0.00% 100 256 98.98% 38.21% 95.75%5 MANAGEMENT & CAPITALI MTA 11 487 45.40 81 238 346 56 898 088 0.01% 224 894 100.00% 17.33% -38.45% 35.81%

MTA INTERNATIONAL

1 AEGON MTA 944 3.73 489 072 2 694 653 0.00% 10 651 66.01% 0.00% -64.18% 88.54%2 AHOLD KON MTA 158 0.62 81 884 737 596 0.00% 2 915 22.13% 0.00% -16.11% 59.73%3 ALCATEL-LUCENT MTA 3 622 14.32 4 586 600 14 959 625 0.00% 59 129 98.81% 0.00% -69.38% 67.80%4 ALLIANZ MTA 19 453 76.89 1 913 682 196 745 044 0.02% 777 648 100.00% 0.42% -49.29% 59.64%5 AXA MTA 5 184 20.49 1 825 407 36 690 946 0.00% 145 024 99.21% 0.00% -44.91% 67.44%6 BASF MTA 1 957 7.74 373 025 14 337 763 0.00% 56 671 96.84% 0.00% -45.16% 47.58%7 BAYER MTA 3 574 14.13 537 273 27 491 653 0.00% 108 663 99.21% 0.00% -34.76% 41.35%8 BMW MTA 2 064 8.16 356 751 10 681 098 0.00% 42 218 98.81% 0.00% -48.65% 52.85%9 BNP PARIBAS MTA 74 449 294.26 6 204 361 354 784 946 0.03% 1 402 312 100.00% 0.00% -60.54% 53.80%

10 CARREFOUR MTA 566 2.24 91 446 3 503 899 0.00% 13 849 65.61% 0.00% -48.40% 46.31%11 CREDIT AGRICOLE MTA 4 634 18.32 1 727 730 21 100 575 0.00% 83 401 98.81% 0.00% -62.22% 66.75%12 DAIMLER MTA 1 825 7.21 367 940 15 720 330 0.00% 62 136 93.28% 0.00% -59.97% 57.89%13 DANONE MTA 205 0.81 37 577 1 969 149 0.00% 7 783 39.13% 0.00% -29.88% 46.79%14 DEUTSCHE BANK MTA 7 308 28.89 958 276 42 422 667 0.00% 167 679 99.60% 0.00% -68.51% 66.93%15 DEUTSCHE TELEKOM MTA 5 756 22.75 2 371 878 27 795 147 0.00% 109 862 100.00% 0.00% -26.93% 35.20%16 E.ON MTA 3 106 12.28 746 815 30 464 060 0.00% 120 411 97.63% 0.00% -41.11% 52.15%17 FORTIS MTA 18 644 76.10 26 794 177 36 839 848 0.00% 150 367 96.33% 0.00% -94.94% 113.08%18 FRANCE TELECOM MTA 3 009 11.89 2 085 008 42 955 780 0.00% 169 786 94.07% 0.00% -20.32% 35.21%19 GDF SUEZ MTA 161 1.39 25 666 885 408 0.00% 7 633 45.69% 0.00% 0.00% 96.72%20 ING GROEP MTA 3 107 12.28 1 126 776 19 779 804 0.00% 78 181 97.63% 0.00% -73.63% 75.42%21 L'OREAL MTA 395 1.56 50 322 3 865 046 0.00% 15 277 54.15% 0.00% -37.12% 47.62%22 LVMH MTA 634 2.51 69 323 3 950 284 0.00% 15 614 70.75% 0.00% -44.34% 52.01%23 MUNICH RE MTA 581 2.30 92 267 10 879 023 0.00% 43 000 71.15% 0.00% -19.29% 50.51%24 NOKIA CORPORATION MTA 10 589 41.85 3 279 137 57 995 025 0.01% 229 229 100.00% 0.00% -58.77% 49.00%25 PHILIPS MTA 871 3.44 377 029 8 081 812 0.00% 31 944 78.66% 0.00% -53.10% 45.82%26 PPR MTA 366 1.45 20 739 1 398 814 0.00% 5 529 60.08% 0.00% -58.73% 80.66%27 RENAULT MTA 1 181 4.67 169 091 6 649 041 0.00% 26 281 83.00% 0.00% -82.24% 69.53%28 RWE MTA 907 3.58 130 977 10 537 928 0.00% 41 652 85.77% 0.00% -33.60% 46.50%29 SANOFI-AVENTIS MTA 2 658 10.51 467 049 22 768 549 0.00% 89 994 99.21% 0.00% -28.72% 38.34%30 SAP MTA 574 2.27 120 949 4 062 255 0.00% 16 056 71.15% 0.00% -30.85% 50.37%31 SIEMENS MTA 4 655 18.40 489 634 32 870 866 0.00% 129 924 99.60% 0.00% -49.30% 56.74%32 SOCIETE GENERALE MTA 6 895 27.25 945 552 59 849 139 0.01% 236 558 100.00% 0.00% -62.39% 69.56%33 TELEFONICA MTA 1 085 4.29 524 210 9 578 974 0.00% 37 862 75.89% 0.00% -34.71% 68.02%34 TOTAL MTA 3 680 14.55 578 696 27 939 478 0.00% 110 433 100.00% 0.00% -31.56% 43.72%35 UNILEVER MTA 464 1.83 208 628 4 077 353 0.00% 16 116 69.17% 0.00% -31.74% 41.59%36 VIVENDI MTA 347 1.37 132 859 3 392 875 0.00% 13 411 56.92% 0.00% -27.77% 44.28%

DELISTED

ABN AMRO MTA 108 1.35 25 390 959 314 0.00% 11 991 58.75% 0.00% 15.55%SOCIETE GENERALE G08 MTA 191 3.47 20 021 1 316 233 0.00% 23 932 76.36% 0.00% 55.93%SUEZ MTA 470 3.33 71 732 3 167 850 0.00% 22 467 82.27% 0.00% 30.62%

TOTAL MTA INTERNATIONAL 191 653 757.52 55 317 394 1 157 507 975 4 620 893 DAILY AVERAGE PER SHARE 5 324 128 358 54.76%DAILY MEDIAN PER SHARE 1 891 49 836 51.26%

TURN

OVE


Year 2008 • 52



MAC

1 AREA IMPIANTI MAC 1 1 500 64 500 0.00% 0.00% 4.88% 0.00%2 RAFFAELE CARUSO MAC 19 161 000 2 547 685 0.00% 0.00% 0.64% 0.00%3 SEI MAC 5 150 000 285 000 0.00% 0.00% 0.00%4 TESSITURA PONTELAMBRO MAC 33 1 175 000 4 423 010 0.00% 0.00% -23.66% 0.00%

TOTAL 69 002 864 272 738.59 246 309 977 126 1 028 039 948 586 4 076 503 063 DAILY AVERAGE PER SHARE 199 430 11 954 554 47.8%DAILY MEDIAN PER SHARE 22 526 240 317 44.1%

MERCATO EXPANDI

1 ANTICHI PELLETTIERI ME 4 978 19.68 13 912 227 87 158 118 0.01% 344 498 100.00% 30.58% -70.66% 28.53%2 APULIA PRONTOPRESTITO ME 15 827 62.56 41 354 631 21 968 175 0.00% 86 831 100.00% 17.52% -64.93% 52.79%3 ARKIMEDICA ME 4 879 19.28 13 648 744 18 393 181 0.00% 72 700 100.00% 15.80% -37.81% 36.33%4 AUTOSTRADE MERIDIONALI ME 2 172 8.58 396 175 5 479 418 0.00% 21 658 96.44% 9.06% -61.74% 39.50%5 B&C SPEAKERS ME 1 879 7.43 1 369 933 4 647 734 0.00% 18 370 83.79% 12.45% -48.51% 50.06%6 BANCA POP EMILIA ROMAGNA ME 21 476 84.89 17 130 966 207 826 587 0.02% 821 449 100.00% 6.78% -38.51% 31.82%7 BANCA POPOLARE SONDRIO ME 42 312 167.24 27 345 957 222 039 304 0.02% 877 626 100.00% 8.87% -36.09% 28.34%8 BEST UNION COMPANY ME 1 266 8.06 1 379 785 4 257 658 0.00% 27 119 82.80% 23.78% 37.48%9 BIANCAMANO ME 6 951 27.47 6 182 107 13 913 589 0.00% 54 994 100.00% 18.18% -34.45% 32.11%

10 BIOERA ME 590 2.33 477 097 3 230 542 0.00% 12 769 64.82% 5.34% -66.15% 34.22%11 BORGOSESIA ME 4 655 18.40 8 112 902 11 315 193 0.00% 44 724 98.42% 11.89% -26.07% 24.40%12 BORGOSESIA RSP ME 691 2.73 166 803 268 685 0.00% 1 062 43.08% 18.34% -34.27% 40.68%13 BOUTY HEALTHCARE ME 951 3.76 4 350 445 3 965 597 0.00% 15 674 62.45% 15.60% -25.78% 59.20%14 CALEFFI ME 3 096 12.24 3 152 521 7 879 161 0.00% 31 143 87.75% 25.22% -67.82% 29.75%15 COGEME SET ME 5 617 22.20 2 861 720 10 969 303 0.00% 43 357 97.23% 15.14% -53.33% 43.37%16 COMPAGNIA IMMOB. AZIONARIA ME 2 501 9.89 5 859 839 1 508 134 0.00% 5 961 99.21% 6.35% -33.30% 59.50%17 CONAFI PRESTITO' ME 12 890 50.95 18 795 048 32 821 188 0.00% 129 728 100.00% 40.42% -67.14% 50.39%18 ENERVIT ME 1 781 16.19 1 274 324 2 767 547 0.00% 25 160 85.45% 16.47% 53.33%19 FNM ME 9 265 36.62 27 222 179 21 685 463 0.00% 85 713 100.00% 10.95% -27.01% 46.83%20 GREENVISION AMBIENTE ME 1 427 5.64 677 501 13 998 000 0.00% 55 328 92.49% 11.57% 0.53% 16.25%21 IW BANK ME 9 510 37.59 7 226 176 19 309 001 0.00% 76 320 99.21% 9.82% -38.11% 31.53%22 KERSELF ME 62 341 246.41 20 238 926 202 707 711 0.02% 801 216 100.00% 116.15% -6.23% 32.77%23 MONDO HE ME 8 317 32.87 8 712 526 7 219 216 0.00% 28 534 97.63% 42.29% -77.84% 68.45%24 MONTI ASCENSORI ME 3 854 15.23 3 076 573 7 314 440 0.00% 28 911 90.51% 23.11% -64.76% 47.53%25 NOEMALIFE ME 616 2.43 395 303 2 584 043 0.00% 10 214 66.40% 9.13% -23.48% 45.88%26 NOVA RE ME 471 1.88 1 129 594 1 866 488 0.00% 7 436 35.86% 8.43% 41.67% 102.95%27 PIERREL ME 7 718 30.51 2 973 431 16 078 101 0.00% 63 550 99.60% 20.62% -33.23% 32.63%28 PIQUADRO ME 2 814 11.12 3 600 034 5 433 373 0.00% 21 476 92.89% 7.20% -64.54% 42.05%29 PRAMAC ME 3 097 12.24 6 368 475 18 567 020 0.00% 73 387 97.63% 20.88% -54.41% 38.88%30 RCF GROUP ME 4 190 16.56 5 013 683 7 121 486 0.00% 28 148 97.63% 15.67% -51.70% 36.72%31 REALTY VAILOG ME 6 989 27.62 3 963 388 10 470 206 0.00% 41 384 100.00% 16.03% -58.19% 38.74%32 RGI ME 1 911 7.55 2 598 521 4 841 618 0.00% 19 137 82.21% 11.20% -13.72% 31.66%33 ROSSS ME 1 839 9.94 1 808 126 2 848 119 0.00% 15 395 92.43% 21.37% 53.02%34 SCREEN SERVICE ME 4 792 18.94 39 995 530 26 641 843 0.00% 105 304 99.60% 28.88% -66.44% 44.24%35 SERVIZI ITALIA ME 5 800 22.92 2 818 817 13 382 605 0.00% 52 896 99.60% 17.40% -39.68% 37.76%36 TAMBURI INVESTMENT PARTNERS ME 5 582 22.06 12 342 123 22 603 194 0.00% 89 341 98.42% 11.11% -29.92% 22.49%37 TERNIENERGIA ME 1 249 11.46 1 677 179 2 771 166 0.00% 25 424 99.08% 16.21% 42.45%38 TOSCANA FINANZA ME 7 005 27.69 7 990 529 11 499 761 0.00% 45 454 100.00% 26.12% -74.19% 44.33%39 VALSOIA ME 1 338 5.29 338 895 1 496 277 0.00% 5 914 73.52% 3.24% -64.58% 42.68%40 YORKVILLE BHN ME 6 100 24.11 12 528 419 10 015 177 0.00% 39 586 98.02% 24.96% -0.97% 46.40%

TOTAL MERCATO EXPANDI 290 737 1 149.16 340 467 152 1 090 863 422 4 354 891 DAILY AVERAGE PER SHARE 7 268 108 872 41.95%DAILY MEDIAN PER SHARE 4 423 40 485 40.09%

TOTAL 69 293 601 246 650 444 278 1 029 130 812 008 4 080 857 954


Year 2008 • 53

TURN

OVER

1 UNICREDIT MTA BC 5 414 115 7.81% 21 399.66 163 361 506 076 15.87% 15.87% 645 697 652

2 ENI MTA BC 4 026 197 5.81% 15 913.82 155 696 055 056 15.13% 31.00% 615 399 427

3 FIAT MTA BC 4 680 555 6.75% 18 500.22 127 676 790 726 12.41% 43.41% 504 651 347

4 INTESA SANPAOLO MTA BC 3 114 729 4.49% 12 311.18 82 823 846 968 8.05% 51.46% 327 366 984

5 ENEL MTA BC 2 688 243 3.88% 10 625.47 77 064 370 671 7.49% 58.95% 304 602 256

6 TELECOM ITALIA MTA BC 2 535 266 3.66% 10 020.81 49 796 577 625 4.84% 63.78% 196 824 417

7 GENERALI MTA BC 2 023 431 2.92% 7 997.75 45 509 302 000 4.42% 68.21% 179 878 664

8 SAIPEM MTA BC 1 872 239 2.70% 7 400.15 22 533 927 714 2.19% 70.40% 89 066 908

9 TENARIS MTA BC 1 748 553 2.52% 6 911.28 19 945 833 320 1.94% 72.33% 78 837 286

10 ATLANTIA MTA BC 1 156 514 1.67% 4 571.20 14 677 882 721 1.43% 73.76% 58 015 347

11 STMICROELECTRONICS MTA BC 1 287 545 1.86% 5 089.11 14 018 668 503 1.36% 75.12% 55 409 757

12 BANCO POPOLARE MTA BC 1 298 804 1.87% 5 133.61 13 752 928 122 1.34% 76.46% 54 359 400

13 FINMECCANICA MTA BC 1 274 670 1.84% 5 038.22 12 874 607 395 1.25% 77.71% 50 887 776

14 MEDIOBANCA MTA BC 992 955 1.43% 3 924.72 12 148 469 627 1.18% 78.89% 48 017 667

15 MEDIASET MTA BC 1 085 066 1.57% 4 288.80 11 011 816 349 1.07% 79.96% 43 524 966

16 PARMALAT MTA BC 882 036 1.27% 3 486.31 10 446 226 505 1.02% 80.98% 41 289 433

17 UBI BANCA MTA BC 874 898 1.26% 3 458.09 9 942 693 512 0.97% 81.94% 39 299 184

18 TELECOM ITALIA RSP MTA BC 873 079 1.26% 3 450.91 9 848 005 549 0.96% 82.90% 38 924 923

19 LUXOTTICA GROUP MTA BC 1 025 949 1.48% 4 055.13 8 786 142 299 0.85% 83.75% 34 727 835

20 BANCA MONTE PASCHI SIENA MTA BC 931 147 1.34% 3 680.42 8 418 277 699 0.82% 84.57% 33 273 825

21 TERNA MTA BC 741 181 1.07% 2 929.57 8 186 004 414 0.80% 85.37% 32 355 749

22 SNAM RETE GAS MTA BC 773 867 1.12% 3 058.76 7 801 554 706 0.76% 86.12% 30 836 185

23 BANCA POPOLARE MILANO MTA BC 745 805 1.08% 2 947.85 6 784 786 808 0.66% 86.78% 26 817 339

24 TISCALI MTA BC 1 030 807 1.49% 4 074.34 6 679 437 993 0.65% 87.43% 26 400 941

25 A2A MTA BC 718 369 1.04% 2 839.40 6 247 778 518 0.61% 88.04% 24 694 777

26 ALLEANZA MTA BC 636 905 0.92% 2 517.41 5 525 971 153 0.54% 88.58% 21 841 783

27 INTESA SANPAOLO RSP MTA BC 336 597 0.49% 1 330.42 4 715 029 731 0.46% 89.03% 18 636 481

28 PRYSMIAN MTA BC 692 575 1.00% 2 737.45 4 574 544 080 0.44% 89.48% 18 081 202

29 IMPREGILO MTA BC 733 836 1.06% 2 900.54 4 444 695 123 0.43% 89.91% 17 567 965

30 ERG MTA BC 576 815 0.83% 2 279.90 4 337 615 881 0.42% 90.33% 17 144 727

31 PIRELLI & C MTA BC 609 387 0.88% 2 408.64 4 121 865 495 0.40% 90.73% 16 291 958

32 LOTTOMATICA MTA BC 566 822 0.82% 2 240.40 4 101 341 702 0.40% 91.13% 16 210 837

33 BULGARI MTA BC 559 071 0.81% 2 209.77 3 813 903 305 0.37% 91.50% 15 074 717

34 FONDIARIA - SAI MTA BC 549 084 0.79% 2 170.29 3 469 011 031 0.34% 91.84% 13 711 506

35 AUTOGRILL MTA BC 516 025 0.74% 2 039.62 3 205 932 982 0.31% 92.15% 12 671 672

36 BUZZI UNICEM MTA BC 471 723 0.68% 1 864.52 3 194 189 347 0.31% 92.46% 12 625 254

37 UNIPOL MTA BC 516 809 0.75% 2 042.72 3 151 934 080 0.31% 92.77% 12 458 237

38 SEAT PAGINE GIALLE MTA BC 820 391 1.18% 3 242.65 3 095 428 347 0.30% 93.07% 12 234 895

39 ITALCEMENTI MTA BC 516 131 0.74% 2 040.04 3 058 672 491 0.30% 93.36% 12 089 615

40 IFIL MTA BC 410 947 0.59% 1 630.74 2 750 131 889 0.27% 93.63% 10 913 222

41 MEDIOLANUM MTA BC 477 747 0.69% 1 888.33 2 595 810 383 0.25% 93.88% 10 260 120

42 BANCA ITALEASE MTA BC 504 995 0.73% 1 996.03 2 590 408 859 0.25% 94.14% 10 238 770

43 UNIPOL PRV MTA BC 413 909 0.60% 1 636.00 2 328 497 581 0.23% 94.36% 9 203 548

44 GEOX MTA BC 418 868 0.60% 1 655.60 2 108 589 116 0.20% 94.57% 8 334 344

45 SARAS MTA BC 409 831 0.59% 1 619.89 2 101 853 293 0.20% 94.77% 8 307 721

46 AZIMUT HOLDING MTA BC 314 092 0.45% 1 241.47 1 667 528 326 0.16% 94.93% 6 591 021

47 EDISON MTA BC 292 522 0.42% 1 156.21 1 502 740 865 0.15% 95.08% 5 939 687

48 HERA MTA BC 279 974 0.40% 1 106.62 1 371 751 601 0.13% 95.21% 5 421 943

49 IFI PRV MTA BC 257 510 0.37% 1 021.87 1 318 231 540 0.13% 95.34% 5 231 078

50 BANCA CARIGE MTA BC 279 669 0.40% 1 105.41 1 242 368 559 0.12% 95.46% 4 910 548

TOP 50 SHARES BY TURNOVER JAN-DEC 2008TURNOVER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

MKT SEGM CONTRACTS TOTAL DAILY _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _SHARE number % TOT DAILY AVG. eur %TOT %CUM AVG.

number eur

TURN

OVE


Year 2008 • 54

1 UNICREDIT MTA BC 5 414 115 7.81% 7.81% 21 399.66 163 361 506 076 15.87% 645 697 652

2 FIAT MTA BC 4 680 555 6.75% 14.57% 18 500.22 127 676 790 726 12.41% 504 651 347

3 ENI MTA BC 4 026 197 5.81% 20.38% 15 913.82 155 696 055 056 15.13% 615 399 427

4 INTESA SANPAOLO MTA BC 3 114 729 4.49% 24.87% 12 311.18 82 823 846 968 8.05% 327 366 984

5 ENEL MTA BC 2 688 243 3.88% 28.75% 10 625.47 77 064 370 671 7.49% 304 602 256

6 TELECOM ITALIA MTA BC 2 535 266 3.66% 32.41% 10 020.81 49 796 577 625 4.84% 196 824 417

7 GENERALI MTA BC 2 023 431 2.92% 35.33% 7 997.75 45 509 302 000 4.42% 179 878 664

8 SAIPEM MTA BC 1 872 239 2.70% 38.03% 7 400.15 22 533 927 714 2.19% 89 066 908

9 TENARIS MTA BC 1 748 553 2.52% 40.56% 6 911.28 19 945 833 320 1.94% 78 837 286

10 BANCO POPOLARE MTA BC 1 298 804 1.87% 42.43% 5 133.61 13 752 928 122 1.34% 54 359 400

11 STMICROELECTRONICS MTA BC 1 287 545 1.86% 44.29% 5 089.11 14 018 668 503 1.36% 55 409 757

12 FINMECCANICA MTA BC 1 274 670 1.84% 46.13% 5 038.22 12 874 607 395 1.25% 50 887 776

13 ATLANTIA MTA BC 1 156 514 1.67% 47.80% 4 571.20 14 677 882 721 1.43% 58 015 347

14 MEDIASET MTA BC 1 085 066 1.57% 49.36% 4 288.80 11 011 816 349 1.07% 43 524 966

15 TISCALI MTA BC 1 030 807 1.49% 50.85% 4 074.34 6 679 437 993 0.65% 26 400 941

16 LUXOTTICA GROUP MTA BC 1 025 949 1.48% 52.33% 4 055.13 8 786 142 299 0.85% 34 727 835

17 MEDIOBANCA MTA BC 992 955 1.43% 53.76% 3 924.72 12 148 469 627 1.18% 48 017 667

18 BANCA MONTE PASCHI SIENA MTA BC 931 147 1.34% 55.11% 3 680.42 8 418 277 699 0.82% 33 273 825

19 PARMALAT MTA BC 882 036 1.27% 56.38% 3 486.31 10 446 226 505 1.02% 41 289 433

20 UBI BANCA MTA BC 874 898 1.26% 57.64% 3 458.09 9 942 693 512 0.97% 39 299 184

21 TELECOM ITALIA RSP MTA BC 873 079 1.26% 58.90% 3 450.91 9 848 005 549 0.96% 38 924 923

22 SEAT PAGINE GIALLE MTA BC 820 391 1.18% 60.09% 3 242.65 3 095 428 347 0.30% 12 234 895

23 SNAM RETE GAS MTA BC 773 867 1.12% 61.20% 3 058.76 7 801 554 706 0.76% 30 836 185

24 BANCA POPOLARE MILANO MTA BC 745 805 1.08% 62.28% 2 947.85 6 784 786 808 0.66% 26 817 339

25 TERNA MTA BC 741 181 1.07% 63.35% 2 929.57 8 186 004 414 0.80% 32 355 749

26 IMPREGILO MTA BC 733 836 1.06% 64.41% 2 900.54 4 444 695 123 0.43% 17 567 965

27 A2A MTA BC 718 369 1.04% 65.45% 2 839.40 6 247 778 518 0.61% 24 694 777

28 PRYSMIAN MTA BC 692 575 1.00% 66.45% 2 737.45 4 574 544 080 0.44% 18 081 202

29 ALLEANZA MTA BC 636 905 0.92% 67.37% 2 517.41 5 525 971 153 0.54% 21 841 783

30 PIRELLI & C MTA BC 609 387 0.88% 68.24% 2 408.64 4 121 865 495 0.40% 16 291 958

31 ERG MTA BC 576 815 0.83% 69.08% 2 279.90 4 337 615 881 0.42% 17 144 727

32 LOTTOMATICA MTA BC 566 822 0.82% 69.89% 2 240.40 4 101 341 702 0.40% 16 210 837

33 BULGARI MTA BC 559 071 0.81% 70.70% 2 209.77 3 813 903 305 0.37% 15 074 717

34 FONDIARIA - SAI MTA BC 549 084 0.79% 71.49% 2 170.29 3 469 011 031 0.34% 13 711 506

35 UNIPOL MTA BC 516 809 0.75% 72.24% 2 042.72 3 151 934 080 0.31% 12 458 237

36 ITALCEMENTI MTA BC 516 131 0.74% 72.98% 2 040.04 3 058 672 491 0.30% 12 089 615

37 AUTOGRILL MTA BC 516 025 0.74% 73.73% 2 039.62 3 205 932 982 0.31% 12 671 672

38 BANCA ITALEASE MTA BC 504 995 0.73% 74.46% 1 996.03 2 590 408 859 0.25% 10 238 770

39 MEDIOLANUM MTA BC 477 747 0.69% 75.15% 1 888.33 2 595 810 383 0.25% 10 260 120

40 BUZZI UNICEM MTA BC 471 723 0.68% 75.83% 1 864.52 3 194 189 347 0.31% 12 625 254

41 GEOX MTA BC 418 868 0.60% 76.43% 1 655.60 2 108 589 116 0.20% 8 334 344

42 UNIPOL PRV MTA BC 413 909 0.60% 77.03% 1 636.00 2 328 497 581 0.23% 9 203 548

43 IFIL MTA BC 410 947 0.59% 77.62% 1 630.74 2 750 131 889 0.27% 10 913 222

44 SARAS MTA BC 409 831 0.59% 78.21% 1 619.89 2 101 853 293 0.20% 8 307 721

45 INTESA SANPAOLO RSP MTA BC 336 597 0.49% 78.70% 1 330.42 4 715 029 731 0.46% 18 636 481

46 AZIMUT HOLDING MTA BC 314 092 0.45% 79.15% 1 241.47 1 667 528 326 0.16% 6 591 021

47 EDISON MTA BC 292 522 0.42% 79.58% 1 156.21 1 502 740 865 0.15% 5 939 687

48 HERA MTA BC 279 974 0.40% 79.98% 1 106.62 1 371 751 601 0.13% 5 421 943

49 BANCA CARIGE MTA BC 279 669 0.40% 80.38% 1 105.41 1 242 368 559 0.12% 4 910 548

50 ACEA MTA BC 265 523 0.38% 80.77% 1 049.50 1 217 776 187 0.12% 4 813 345

TOP 50 SHARES BY CONTRACTS JAN-DEC 2008TURNOVER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

MKT SEGM CONTRACTS TOTAL DAILY _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _SHARE number % TOT % CUM DAILY AVG. eur %TOT AVG.

number eur


Year 2008 • 55

TURN

OVER

MOT TRADING JANUARY-DECEMBER 2008ISIN NAME TOTAL DAILY AVERAGE YIELD Listing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Contracts Quantity Turnover Contr. Quant. Turnov. dayseur m eur m

DOMESTIC GOVERNMENT BONDS

IT0001086567 B.T.P. 96/26 TF 7.25% ITL 3 392 95.61 121.09 13 0.38 0.48 4.48% 253 IT0001278511 B.T.P. 98/29 TF 5.25% ITL 36 826 1 271.59 1 302.92 146 5.03 5.15 4.28% 253 IT0001444378 B.T.P. 99/31 TF 6% EUR 3 700 145.29 163.29 15 0.57 0.65 3.98% 253 IT0004273493 B.T.P. 07/18 TF 4,50% EUR 17 191 1 406.37 1 401.85 68 5.56 5.54 4.39% 253 IT0004439540 B.O.T. 15/12/2008 - 16/03/2009 ZERO COUPON EUR 1 605 189.82 188.84 146 17.26 17.17 4.40% 11 IT0004356843 B.T.P. 08/23 TF 4,75% EUR 25 774 1 422.38 1 395.14 141 7.77 7.62 4.44% 183 IT0004431299 B.O.T. 14/11/2008 - 16/02/2009 ZERO COUPON EUR 1 947 220.43 219.19 61 6.89 6.85 4.56% 32 IT0004390123 B.O.T. 15/08/2008 - 14/08/2009 ZERO COUPON EUR 9 041 415.89 401.43 94 4.33 4.18 3.72% 96 IT0004343791 B.O.T. 14/03/2008 - 16/03/2009 ZERO COUPON EUR 18 140 1 217.11 1 186.67 89 6.00 5.85 4.06% 203 IT0003658009 C.C.T. 04/11 TV EUR 41 845 3 329.27 3 315.70 165 13.16 13.11 4.56% 253 IT0004411960 B.O.T. 31/10/2008 - 30/04/2009 ZERO COUPON EUR 5 101 349.16 344.96 121 8.31 8.21 4.14% 42 IT0003497150 C.C.T. 03/10 TV EUR 35 754 3 126.17 3 122.52 141 12.36 12.34 4.20% 253 IT0004381866 B.O.T. 16/06/2008 - 15/06/2009 ZERO COUPON EUR 17 647 1 034.12 998.07 126 7.39 7.13 4.36% 140 IT0004438393 B.O.T. 15/12/2008 - 15/12/2009 ZERO COUPON EUR 4 604 266.46 260.22 419 24.22 23.66 4.60% 11 IT0003357982 B.T.P. 02/13 TF 4,75 EUR 14 986 1 147.10 1 167.58 59 4.53 4.61 4.36% 253 IT0004405251 B.O.T. 30/09/2008 - 31/03/2009 ZERO COUPON EUR 9 346 753.45 743.19 144 11.59 11.43 3.47% 65 IT0003472336 B.T.P. 03/13 TF 4,25% EUR 26 713 1 724.74 1 728.35 106 6.82 6.83 4.11% 253 IT0004220627 B.T.P. 07/12 TF 4,00% EUR 47 766 2 839.01 2 835.15 189 11.22 11.21 4.37% 253 IT0003799597 B.T.P. 05/10 TF 3,00% EUR 42 311 2 142.20 2 118.49 167 8.47 8.37 4.36% 253 IT0001448619 B.T.P. 99/10 TF 5.5% EUR 8 656 699.22 722.17 34 2.76 2.85 4.43% 253 IT0004361058 C.T.Z. 30/04/2008 - 30/04/2010 ZERO COUPON EUR 12 405 877.10 815.18 72 5.07 4.71 3.97% 173 IT0003644769 B.T.P. 04/20 TF 4,5 EUR 32 314 1 781.22 1 761.41 128 7.04 6.96 4.23% 253 IT0004019581 B.T.P. 06/16 TF 3.75% EUR 26 513 1 627.11 1 566.92 105 6.43 6.19 3.97% 253 IT0004112816 B.T.P. 06/11 TF 3,75% EUR 41 217 2 727.40 2 710.87 163 10.78 10.71 4.47% 253 IT0004351406 B.O.T. 15/04/2008 - 15/04/2009 ZERO COUPON EUR 18 621 1 175.81 1 143.27 102 6.43 6.25 4.97% 183 IT0004429475 B.O.T. 14/11/2008 - 16/11/2009 ZERO COUPON EUR 4 389 300.95 293.90 137 9.40 9.18 4.97% 32 IT0004085210 B.T.P.I. 06/17 TV EUR 3 622 151.04 147.97 14 0.60 0.58 4.97% 253 IT0004390149 B.O.T. 29/08/2008 - 27/02/2009 ZERO COUPON EUR 9 841 770.92 760.82 113 8.86 8.75 5.06% 87 IT0003858856 C.C.T. 05/12 TV EUR 39 605 3 346.21 3 325.61 157 13.23 13.14 5.39% 253 IT0004429491 B.O.T. 28/11/2008 - 29/05/2009 ZERO COUPON EUR 3 463 204.38 202.11 157 9.29 9.19 4.30% 22 IT0003745541 B.T.P.I 04/35 TV EUR 9 745 448.27 428.04 39 1.77 1.69 4.96% 253 IT0004284334 B.T.P. 07/12 TF 4,25% EUR 32 801 2 041.67 2 045.95 130 8.07 8.09 5.12% 253 IT0004309172 B.O.T. 15/01/2008 - 15/01/2009 ZERO COUPON EUR 28 265 1 832.04 1 789.42 115 7.45 7.27 5.37% 246 IT0003652077 B.T.P. 04/09 TF 3% EUR 41 848 2 382.52 2 367.65 165 9.42 9.36 4.58% 253 IT0004324932 B.O.T. 15/02/2008 -16/02/2009 ZERO COUPON EUR 20 561 1 339.86 1 309.87 92 6.01 5.87 4.95% 223 IT0004307614 C.T.Z. 2/1/2008 - 31/12/2009 ZERO COUPON EUR 16 850 1 308.93 1 239.61 67 5.17 4.90 4.99% 253 IT0003493258 B.T.P. 03/19 TF 4,25% EUR 59 439 2 563.84 2 509.80 235 10.13 9.92 5.17% 253 IT0001273363 B.T.P. 98/09 TF 4.5% ITL 27 341 1 592.79 1 599.46 108 6.30 6.32 4.76% 253 IT0004411978 B.O.T. 15/10/2008 - 15/10/2009 ZERO COUPON EUR 6 574 341.75 332.69 122 6.33 6.16 4.81% 54 IT0004332521 B.T.P. 08/11 TF 3,75% EUR 19 130 1 482.05 1 471.33 91 7.02 6.97 5.02% 211 IT0004008121 B.T.P. 06/09 TF 3,00% EUR 27 890 2 373.95 2 362.17 110 9.38 9.34 5.38% 253 IT0000366655 B.T.P. 93/23 TF 9% ITL 4 752 127.71 185.03 19 0.50 0.73 4.56% 253 IT0001174611 B.T.P. 97/27 TF 6.5% EUR 3 004 93.57 111.12 12 0.37 0.44 4.68% 253 IT0004378607 B.O.T. 31/07/2008 - 30/01/2009 ZERO COUPON EUR 12 699 1 150.47 1 138.05 119 10.75 10.64 4.93% 107 IT0003805998 B.T.P.I 04/10 TV EUR 11 149 932.95 908.68 44 3.69 3.59 4.98% 253 IT0003625909 B.T.P.I 03/14 TV EUR 4 785 161.85 160.80 19 0.64 0.64 5.01% 253 IT0004419021 B.O.T. 15/10/2008 - 15/01/2009 ZERO COUPON EUR 3 768 459.02 457.15 70 8.50 8.47 5.04% 54 IT0004413909 C.T.Z. 30/09/2008 - 30/09/2010 ZERO COUPON EUR 6 399 626.54 589.62 98 9.64 9.07 5.22% 65 IT0004164775 B.T.P. 06/17 TF 4% EUR 38 317 2 247.33 2 191.83 151 8.88 8.66 4.82% 253 IT0004244809 C.T.Z. 29/06/2007 - 30/06/2009 ZERO COUPON EUR 20 889 1 950.67 1 886.93 83 7.71 7.46 4.86% 253 IT0001338612 B.T.P. 99/09 TF 4.25% EUR 38 968 2 229.13 2 238.60 154 8.81 8.85 4.98% 253 IT0003192454 B.T.P. 01/11 TF 1,9 EUR EMESSI PER L'EMERSIONE DI ATTIVITA DETENUTE ALL'ESTERO 778 7.98 7.71 3 0.03 0.03 5.01% 253 IT0003618383 B.T.P. 04/14 TF 4,25% EUR 20 672 1 272.66 1 276.02 82 5.03 5.04 5.10% 253 IT0000366721 B.T.P. 93/23 TF 8.5% ITL 14 0.04 0.06 0 0.00 0.00 5.39% 253 IT0003190912 B.T.P. 01/12 TF 5% EUR 19 947 1 253.07 1 280.56 79 4.95 5.06 4.96% 253 IT0003844534 B.T.P. 05/15 TF 3.75% EUR 29 366 1 808.66 1 763.06 116 7.15 6.97 5.01% 253 IT0004321813 C.C.T. 07/14 TV EUR 21 586 2 323.61 2 279.56 93 10.02 9.83 5.15% 232 IT0004254352 B.T.P. 07/10 TF 4,50% EUR 43 171 2 280.65 2 290.29 171 9.01 9.05 5.32% 253 IT0003535157 B.T.P. 03/34 TF 5% EUR 35 452 1 498.35 1 489.13 140 5.92 5.89 253 IT0003080402 B.T.P. 01/11 TF 5.25% EUR 11 220 794.07 817.57 44 3.14 3.23 5.32% 253 IT0004026297 B.T.P. 06/11 TF 3,5% EUR 38 246 2 162.64 2 144.41 151 8.55 8.48 5.38% 253 IT0003746366 C.C.T. 04/11 TV EUR 32 962 2 979.18 2 959.48 130 11.78 11.70 5.38% 253 IT0004404965 C.C.T. 08/15 TV EUR 9 933 948.30 914.67 117 11.16 10.76 4.65% 85

TURN

OVE


Year 2008 • 56



IT0003242747 B.T.P. 02/17 TF 5,25% EUR 5 024 338.17 357.60 20 1.34 1.41 5.36% 253 IT0004423957 B.T.P. 08/19 TF 4,50% EUR 11 912 882.80 873.78 298 22.07 21.84 4.71% 40 IT0004196918 B.T.P. 07/10 TF 4% EUR 39 457 2 154.30 2 155.29 156 8.52 8.52 4.91% 253 IT0003256820 B.T.P. 02/33 TF 5,75 % EUR 3 230 142.63 155.57 13 0.56 0.61 5.40% 253 IT0004378615 B.O.T. 15/07/08 - 15/07/09 ZERO COUPON EUR 13 957 746.18 719.19 117 6.27 6.04 119 IT0004361041 B.T.P. 08/18 TF 4,50% EUR 30 443 2 134.79 2 104.07 179 12.56 12.38 170 IT0003993158 C.C.T. 05/12 TV EUR 33 741 3 130.67 3 096.06 133 12.37 12.24 253 IT0003934657 B.T.P. 05/37 TF 4.00% EUR 166 706 7 935.98 6 728.52 659 31.37 26.59 253 IT0004085244 B.T.P. 06/09 TF 3.75% EUR 36 954 2 349.38 2 346.61 146 9.29 9.28 253 IT0004405244 B.O.T. 15/09/2008 - 15/09/2009 ZERO COUPON EUR 13 334 745.03 719.12 175 9.80 9.46 76 IT0004216351 B.T.P.I. 07/12 TV EUR 7 675 405.70 398.10 30 1.60 1.57 253 IT0004243512 B.T.P.I. 07/23 TV EUR 3 232 107.92 104.70 13 0.43 0.41 0.20% 253 IT0004404973 B.T.P. 08/11 TF 4,25% EUR 21 727 1 329.81 1 337.48 256 15.64 15.74 4.47% 85 IT0003719918 B.T.P. 04/15 TF 4,25% EUR 14 377 782.70 782.06 57 3.09 3.09 4.16% 253 IT0003399059 C.C.T. 02/09 TV EUR (QUOTE ERARIALI) 3 220 118.48 118.63 13 0.47 0.47 4.23% 253 IT0003219711 C.C.T. 02/09 TV EUR 30 430 2 841.77 2 844.93 120 11.23 11.24 4.39% 253 IT0004286966 B.T.P. 07/39 TF 5% EUR 38 801 2 005.11 1 986.15 153 7.93 7.85 4.50% 253 IT0003347504 C.C.T. 02/09 TV EUR 22 648 1 857.30 1 859.27 90 7.34 7.35 4.20% 253 IT0004438401 B.O.T. 02/01/2009 - 30/06/2009 ZERO COUPON EUR 615 40.01 39.65 615 40.01 39.65 4.51% 1 IT0004009673 B.T.P. 06/21 TF 3,75% EUR 26 549 1 724.05 1 568.20 105 6.81 6.20 4.23% 253 IT0004363195 B.O.T. 15/05/2008-15/05/2009 ZERO COUPON EUR 16 171 939.98 910.34 100 5.80 5.62 4.56% 162 IT0003438212 C.C.T. 03/10 TV EUR 38 494 2 973.38 2 974.53 152 11.75 11.76 4.52% 253 IT0004380546 B.T.P.I. 08/19 TV EUR 2 226 76.39 72.04 14 0.50 0.47 4.57% 154 IT0003605380 C.C.T. 03/10 TV EUR 40 655 3 025.00 3 017.86 161 11.96 11.93 4.50% 253 IT0003384903 C.C.T. 02/09 TV EUR 31 368 2 633.20 2 637.73 124 10.41 10.43 4.63% 253 IT0003872923 B.T.P. 05/10 TF 2.75% EUR 40 926 2 924.06 2 864.85 162 11.56 11.32 4.48% 253 IT0004101447 C.C.T. 06/13 TV EUR 40 355 3 337.75 3 306.45 160 13.19 13.07 4.44% 253 IT0004365554 B.T.P. 08/13 TF 4.25% EUR 23 822 1 761.50 1 762.24 149 11.01 11.01 4.68% 160 IT0003263115 C.C.T. 02/09 TV EUR 26 926 2 658.15 2 664.99 106 10.51 10.53 4.47% 253 IT0004224041 C.C.T. 07/14 TV EUR 28 039 2 941.05 2 905.73 121 12.68 12.52 4.77% 232

DOMESTIC MOT

IT0006638057 MORGAN STANLEY 07/13 MULTI COUPON EUR 22 0.11 0.10 0 0.00 0.00 253 IT0001308508 MONTE PASCHI SIENA 99/29 MULTI COUPON EUR 575 5.81 4.35 2 0.02 0.02 253 IT0006601469 ABN AMRO BANK 06/11 TV EUR 5 298 69.77 63.68 21 0.28 0.25 253 IT0006530049 B.E.I. 99/14 MULTI COUPON EUR 300 4.01 4.71 1 0.02 0.02 253 IT0006592080 REPUBBLICA AUSTRIACA 05/22 MULTI COUPON EUR 1 032 14.23 10.24 4 0.06 0.04 253 IT0001336301 BANCA CARIGE 99/14 TV EUR 225 1.93 1.88 1 0.01 0.01 253 IT0001336368 MEDIOCREDITO LOMBARDO 99/19 MULTI COUPON EUR 189 2.99 2.44 1 0.01 0.01 253 IT0003627111 DEXIA CREDIOP 04/09 TV EUR 2 621 29.94 28.58 10 0.12 0.11 253 IT0001311247 INTERBANCA 99/19 MULTI COUPON EUR 96 3.06 2.94 0 0.01 0.01 253 IT0003654941 BANCA NAZ LAVORO 04/09 MULTI COUPON EUR 3 014 27.45 27.46 12 0.11 0.11 253 IT0006607623 MERRILL LYNCH 06/12 MULTI COUPON EUR 1 715 26.33 24.55 9 0.14 0.13 195 IT0001386801 BANCA COMMERCIALE ITALIANA 99/09 TF 5.10% EUR 2 374 17.88 17.93 9 0.07 0.07 253 IT0000972148 IST.S.PAOLO TORINO 96/10 TV EUR 95 0.84 0.83 0 0.00 0.00 253 IT0003594873 BANCA INTESA 04/14 TV EUR 2 437 32.34 29.54 10 0.13 0.12 253 IT0003694079 BANCA INTESA 04/09 TV EUR 50 0.54 0.53 0 0.00 0.00 253 IT0003926547 BANCA CARIGE 05/11 MULTI COUPON EUR 1 285 19.96 18.21 5 0.08 0.07 253 IT0006525742 INTER-AMERICAN DEVELOPMENT BANK 98/18 REVERSE ITL 395 4.12 3.99 2 0.02 0.02 253 IT0006620220 MORGAN STANLEY 06/12 TV EUR 1 0.02 0.01 0 0.00 0.00 194 IT0001300992 CENTROBANCA 99/19 MULTI COUPON EUR 724 14.35 11.82 3 0.06 0.05 253 IT0001197083 CENTROBANCA 98/18 ZERO COUPON ITL 1 438 31.57 19.35 6 0.12 0.08 253 IT0001327524 MEDIOCREDITO CENTRALE 99/14 MULTI COUPON EUR 239 1.81 1.85 1 0.01 0.01 253 IT0000580156 BOC CITTA DI ROMA 96/16 TV EUR 58 0.24 0.24 0 0.00 0.00 253 IT0004062656 MEDIOBANCA 06/11 TV EUR 2 450 26.41 24.77 10 0.10 0.10 253 IT0001310793 EFIBANCA 99/14 MULTI COUPON EUR 279 3.25 2.82 1 0.01 0.01 253 IT0006645326 MERRILL LYNCH 07/13 MULTI COUPON EUR 1 071 13.99 12.67 5 0.07 0.06 195 IT0003814446 INTERBANCA 05/11 MULTI COUPON USD 369 2.20 2.11 1 0.01 0.01 3.99% 251 IT0001264792 CREDIOP 98/18 REVERSE ITL 1 360 14.04 12.55 5 0.06 0.05 5.44% 253 XS0220101744 REPUBBLICA AUSTRIACA 05/15 TV EUR 762 11.99 10.52 3 0.05 0.04 253 IT0003801161 ENEL 05/12 TV EUR 5 669 54.52 54.98 22 0.22 0.22 253 IT0003748313 UNICREDIT EX CAPITALIA 04/14 TV SUB EUR 3 483 43.74 40.45 14 0.17 0.16 253 IT0006618299 MERRILL LYNCH 06/09 TV EUR 21 0.13 0.12 0 0.00 0.00 78 IT0006632621 MORGAN STANLEY 07/13 TV EUR 14 0.06 0.05 0 0.00 0.00 194


Year 2008 • 57

TURN

OVER



IT0003694442 UNICREDIT EX CAPITALIA 04/14 MULTI COUPON SUB EUR 4 381 55.97 53.65 17 0.22 0.21 253 IT0003806434 DEXIA CREDIOP 05/10 TV EUR 4 151 42.54 38.98 16 0.17 0.15 253 IT0001206124 MEDIOCREDITO CENTRALE 1998/2013 TRASFORMABILE ITL 1 504 23.47 23.05 6 0.09 0.09 253 IT0001257333 CENTROBANCA 98/14 REVERSE ITL 1 397 16.41 16.10 6 0.06 0.06 253 IT0006648981 ABN AMRO BANK 07/11 MULTI COUPON EUR 259 4.33 4.03 1 0.02 0.02 253 IT0003677413 INTERBANCA 04/09 MULTI COUPON EUR 737 6.95 6.93 3 0.03 0.03 253 IT0003821136 MEDIOBANCA 05/10 ONE COUPON EUR 1 151 10.68 10.29 5 0.04 0.04 253 IT0001339586 MEDIOBANCA 99/19 MULTI COUPON EUR 158 1.41 1.15 1 0.01 0.00 253 IT0004057151 MEDIOBANCA 06/11 TV EUR 49 0.39 0.35 0 0.00 0.00 5.83% 253 IT0006638842 MORGAN STANLEY 07/13 TV EUR 5 0.03 0.03 0 0.00 0.00 5.52% 194 IT0001212908 MEDIOCREDITO LOMBARDO 98/13 MULTI COUPON ITL 1 131 10.70 10.26 4 0.04 0.04 5.09% 253 IT0006623489 MERRILL LYNCH 07/10 TV EUR 12 0.10 0.09 0 0.00 0.00 78 IT0004357429 BANCA IMI 08/12 TV EUR 123 1.32 1.20 2 0.02 0.02 75 IT0003816243 BANCA NAZ LAVORO 05/11 MULTI COUPON EUR 4 618 67.29 65.86 18 0.27 0.26 253 IT0003793442 DEXIA CREDIOP 05/10 TV EUR 1 505 15.88 14.98 6 0.06 0.06 253 IT0003594832 BANCA INTESA 04/09 TV EUR 11 321 166.43 166.31 45 0.66 0.66 253 IT0003801153 ENEL 05/12 TF 3,625% EUR 7 443 70.14 68.89 29 0.28 0.27 253 IT0000958592 MEDIOBANCA 96/11 ZERO COUPON ITL 13 661 205.02 176.38 54 0.81 0.70 0.33% 253 IT0006592361 MERRILL LYNCH 05/11 MULTI COUPON EUR 959 17.33 16.15 4 0.07 0.06 5.01% 253 IT0003740047 BANCA NAZIONALE DEL LAVORO 04/12 MULTI COUPON EUR 398 3.39 3.57 2 0.01 0.01 253 IT0003764161 UNICREDITO ITALIANO 04/11 STEP COUPON EUR 200 5.64 5.33 1 0.02 0.02 253 IT0003855795 UNICREDITO ITALIANO 05/11 STEP COUPON EUR 255 4.96 4.63 1 0.02 0.02 253 IT0003883185 UNICREDITO ITALIANO 05/12 STEP COUPON EUR 98 1.15 1.05 0 0.00 0.00 253 IT0003633804 BANCA INTESA 04/09 TV EUR 3 334 49.72 49.36 13 0.20 0.20 253 IT0003657563 BANCA INTESA 04/14 TV EUR 2 283 25.41 23.32 9 0.10 0.09 253 IT0001330411 BANCA CARIGE 99/19 TV EUR 345 2.36 2.24 1 0.01 0.01 253 IT0006585449 B.E.I. 05/15 MULTI COUPON EUR 2 337 48.17 41.40 9 0.19 0.16 253 IT0006627563 MERRILL LYNCH 07/13 TV EUR 14 0.09 0.08 0 0.00 0.00 195 XS0212674575 B.E.I. 05/20 TV EUR 114 2.82 2.51 0 0.01 0.01 253 IT0006570664 B.E.I. 04/09 TV EUR 1 541 30.05 29.93 6 0.12 0.12 253 XS0218461399 REPUBBLICA AUSTRIACA 05/15 TV EUR 180 2.56 2.22 1 0.01 0.01 253 XS0224713254 REPUBBLICA AUSTRIACA 05/25 TV EUR 369 4.16 3.07 1 0.02 0.01 253 IT0001355194 CREDIOP 99/14 TV EUR 1 178 20.44 19.88 5 0.08 0.08 253 IT0003956841 BANCA NAZ LAVORO 06/12 MULTI COUPON EUR 2 536 33.25 30.66 10 0.13 0.12 253 IT0004238314 DEXIA CREDIOP 07/11 MULTI COUPON EUR 703 8.68 7.73 3 0.03 0.03 253 IT0003738470 UNICREDITO ITALIANO 04/10 STEP COUPON EUR 889 22.10 21.22 4 0.09 0.08 253 IT0003747505 UNICREDITO ITALIANO 04/11 STEP COUPON EUR 363 10.26 9.76 1 0.04 0.04 253 IT0001200390 BANCA COMMERCIALE ITALIANA 98/28 ZERO COUPON ITL 3 986 60.10 21.60 16 0.24 0.09 253 IT0003651186 CREDITO EMILIANO 04/14 MULTI COUPON EUR 203 2.91 2.66 1 0.01 0.01 253 XS0222046533 B.E.I. 05/16 MULTI COUPON EUR 150 4.36 3.66 1 0.02 0.01 253 XS0220720303 B.E.I. 05/20 MULTI COUPON EUR 193 3.85 2.97 1 0.02 0.01 253 IT0000018603 IST.S.PAOLO TORINO 75/10 TF 9% ITL - - - - - - 253 IT0003568075 MEDIOBANCA 03/13 MULTI COUPON EUR 2 124 27.82 25.42 8 0.11 0.10 253 IT0003694244 BANCA INTESA 04/09 TV EUR 164 1.32 1.29 1 0.01 0.01 253 IT0006646001 MORGAN STANLEY 07/13 MULTI COUPON EUR - - - - - - 253 IT0003719298 BANCA INTESA 04/09 TV EUR 335 2.73 2.70 1 0.01 0.01 253 IT0001358503 BANCA CARIGE 99/09 TV EUR 809 7.46 7.38 3 0.03 0.03 5.26% 253 IT0001271649 MEDIOCREDITO LOMBARDO 98/18 REVERSE ITL 1 971 20.87 19.45 8 0.08 0.08 5.14% 253 IT0001267381 CENTROBANCA 98/18 REVERSE ITL 1 672 19.09 17.90 7 0.08 0.07 5.58% 253 IT0003793483 DEXIA CREDIOP 05/10 TV EUR 8 323 106.48 99.89 33 0.42 0.39 253 IT0006527052 B.E.I. 99/19 MULTI COUPON EUR 1 211 17.75 14.34 5 0.07 0.06 253 IT0004238306 DEXIA CREDIOP 07/11 MULTI COUPON EUR 421 9.95 9.19 2 0.04 0.04 253 IT0006527185 COUNCIL OF EUROPE 99/24 MULTI COUPON EUR 203 4.89 4.53 1 0.02 0.02 253 IT0001312708 CENTROBANCA 99/19 MULTI COUPON EUR 465 5.78 4.40 2 0.02 0.02 253 IT0001307286 MEDIOCREDITO LOMBARDO 99/19 REVERSE EUR 1 617 16.93 14.83 6 0.07 0.06 253 IT0003750368 UNICREDITO ITALIANO 04/10 STEP COUPON EUR 422 9.15 8.79 2 0.04 0.03 253 XS0220507023 B.E.I. 05/20 TV EUR 137 2.51 1.99 1 0.01 0.01 253 IT0003672976 BANCA INTESA 04/09 TV EUR 9 123 130.63 129.23 36 0.52 0.51 253 IT0004292691 ENEL 07/15 TV EUR 22 109 354.96 363.15 87 1.40 1.44 253 XS0219808549 B.E.I. 05/20 MULTI COUPON EUR 756 14.02 10.52 3 0.06 0.04 253 IT0003866412 UNICREDIT EX CAPITALIA 05/15 TV SUB EUR 2 293 23.21 20.18 9 0.09 0.08 253 IT0006571829 B.E.I. 04/15 MULTI COUPON EUR 4 211 73.51 62.21 17 0.29 0.25 253 IT0003806426 DEXIA CREDIOP 05/10 TV EUR 83 0.72 0.66 0 0.00 0.00 253 IT0006623620 MERRILL LYNCH 07/13 TV EUR 26 0.78 0.62 0 0.00 0.00 195 IT0004012552 UNICREDIT EX CAPITALIA 06/16 TV SUB EUR 967 8.32 7.16 4 0.03 0.03 253

TURN

OVE


Year 2008 • 58



XS0187245021 B.E.I. 04/14 MULTI COUPON EUR 1 832 40.11 34.67 7 0.16 0.14 253 IT0004365836 CREDITO EMILIANO 08/14 TV SUB EUR 383 8.86 8.80 5 0.12 0.11 77 IT0006596701 BIRS 05/25 MULTI COUPON EUR 401 6.96 4.86 2 0.03 0.02 253 XS0224943091 B.E.I. 05/20 MULTI COUPON EUR 564 12.27 9.28 2 0.05 0.04 253 IT0001287249 MEDIOCREDITO CENTRALE 98/18 MULTI COUPON ITL 219 2.68 2.25 1 0.01 0.01 253 IT0006646019 MORGAN STANLEY 07/13 TV EUR 115 0.88 0.62 1 0.00 0.00 194 IT0006635384 MORGAN STANLEY 07/13 TV EUR - - - - - - 194 IT0003935241 MEDIOBANCA 05/15 TV EUR 259 5.29 4.77 1 0.02 0.02 253 IT0001203253 MEDIOCREDITO CENTRALE 98/28 ZERO COUPON ITL 1 376 25.64 8.85 5 0.10 0.03 253 IT0003722607 CREDITO EMILIANO 04/09 ZERO COUPON EUR - - - - - - 253 IT0006526153 BERS 98/18 MULTI COUPON ITL 173 3.01 2.76 1 0.01 0.01 5.57% 253 IT0003842983 UNICREDITO ITALIANO 05/10 STEP COUPON EUR 16 0.36 0.35 0 0.00 0.00 253 IT0003855779 UNICREDITO ITALIANO 05/15 STEP COUPON EUR 222 4.64 4.24 1 0.02 0.02 253 IT0003834832 CENTROBANCA 05/13 TV EUR 16 0.13 0.11 0 0.00 0.00 253 IT0006591850 ABN AMRO BANK 05/15 MULTI COUPON EUR 137 3.69 3.50 1 0.01 0.01 253 IT0006589987 BERS 05/17 MULTI COUPON EUR 1 300 20.63 16.37 5 0.08 0.06 253 IT0001203295 EFIBANCA 98/13 REVERSE ITL 1 103 13.54 13.53 4 0.05 0.05 253 IT0003724975 BANCA INTESA 04/14 TV EUR 520 6.08 5.56 2 0.02 0.02 253 IT0000564804 SAN PAOLO IMI 95/10 TV ITL 366 3.46 3.44 1 0.01 0.01 253 IT0003510119 BANCA MONTE PASCHI SIENA 03/13 MULTI COUPON EUR 1 505 16.73 14.50 6 0.07 0.06 253 IT0006640509 MORGAN STANLEY 07/13 TV EUR 26 0.15 0.13 0 0.00 0.00 194 IT0006565979 BAYERISCHE HYPO-UND VEREINSBANK 04/09 MULTICOUPON EUR 2 830 34.78 34.11 11 0.14 0.13 253 IT0003793467 DEXIA CREDIOP 05/10 TV EUR 436 4.24 3.90 2 0.02 0.02 253 IT0001277406 CREDIOP 98/18 REVERSE ITL 812 13.67 13.45 3 0.05 0.05 253 IT0003812523 UNICREDITO ITALIANO 05/11 TV EUR 120 2.20 2.07 0 0.01 0.01 253 IT0004292683 ENEL 07/15 TF 5,25% EUR 14 992 194.91 201.37 59 0.77 0.80 253 IT0006607474 B.E.R.S. 06/11 ONE COUPON EUR 1 141 17.08 17.08 5 0.07 0.07 253 IT0006527524 B.E.R.S. 99/24 MULTI COUPON EUR 71 1.38 1.31 0 0.01 0.01 253 XS0220777915 B.E.I. 05/20 MULTI COUPON EUR 1 883 29.23 22.20 7 0.12 0.09 253 XS0224227313 REPUBBLICA ELLENICA 05/20 MULTI COUPON EUR 437 3.98 2.56 2 0.02 0.01 253 XS0222844952 B.E.I. 05/20 MULTI COUPON EUR 338 4.06 2.93 1 0.02 0.01 253 IT0004218688 DEXIA CREDIOP 07/12 TV EUR 8 0.09 0.07 0 0.00 0.00 109 IT0006602871 MERRILL LYNCH 06/16 MULTI COUPON EUR 44 0.20 0.16 0 0.00 0.00 253 IT0006527300 B.E.I. 99/29 MULTI COUPON EUR 538 9.06 6.52 2 0.04 0.03 253 IT0004124068 MEDIOBANCA 06/12 TV EUR 1 357 17.36 15.96 5 0.07 0.06 253 IT0003684880 BANCA NAZ LAVORO 04/09 MULTI COUPON EUR 3 801 34.43 34.60 15 0.14 0.14 253 IT0003726418 BANCA INTESA 04/09 TV EUR 3 007 35.61 35.15 12 0.14 0.14 253 IT0001362935 MEDIOCREDITO LOMBARDO 99/14 TV EUR 183 4.01 3.94 1 0.02 0.02 253 IT0006643016 MORGAN STANLEY 07/13 TV EUR - - - - - - 194 IT0006593252 ABN AMRO BANK 05/15 MULTI COUPON EUR 41 1.68 1.54 0 0.01 0.01 253 IT0006635475 MORGAN STANLEY 07/13 MULTI COUPON EUR 18 0.32 0.28 0 0.00 0.00 253 XS0209787166 B.E.I. 05/15 MULTI COUPON EUR 112 1.60 1.39 0 0.01 0.01 253 IT0003035299 UNICREDITO ITALIANO 00/10 MULTI COUPON EUR 6 372 75.05 70.75 25 0.30 0.28 253 IT0006526302 INTER-AMERICAN DEVELOPMENT BANK 98/18 MULTI COUPON ITL 52 0.69 0.82 0 0.00 0.00 253 IT0003801526 UNICREDITO ITALIANO 05/11 STEP COUPON EUR 133 2.79 2.65 1 0.01 0.01 253 IT0003890248 UNICREDITO ITALIANO 05/12 STEP COUPON EUR 61 0.81 0.75 0 0.00 0.00 253 XS0231558858 REPUBBLICA AUSTRIACA 05/35 MULTI COUPON EUR 853 11.59 8.20 3 0.05 0.03 253 IT0004053457 MEDIOBANCA 06/11 TV EUR 1 551 16.97 15.86 6 0.07 0.06 253 XS0137544465 FIAT 01/11 STEP COUPON EUR 12 784 130.56 130.28 51 0.52 0.51 253 IT0006626201 MERRILL LYNCH 07/10 TV EUR - - - - - - 4.46% 78 IT0006527516 COUNCIL OF EUROPE SOCIAL DEVELOPMENT FUND 99/19 MULTI COUPON EUR 235 3.54 3.40 1 0.01 0.01 5.00% 253 IT0006527532 REPUBBLICA ELLENICA 99/19 TF 5% EUR 106 0.98 1.00 0 0.00 0.00 5.64% 253 IT0006634460 ABN AMRO BANK 07/11 ONE COUPON EUR 350 4.68 4.29 1 0.02 0.02 6.23% 253 IT0000966017 BANCA COMMERCIALE ITALIANA 97/27 ZERO COUPON ITL 3 859 78.27 28.85 15 0.31 0.11 253 IT0000134764 BANCO DI NAPOLI 84/09 TF 15.4% ITL - - - - - - 253 IT0000142783 BANCO DI NAPOLI 85/10 TF 14% ITL - - - - - - 253 IT0006632613 MORGAN STANLEY 07/13 MULTI COUPON EUR 47 0.40 0.35 0 0.00 0.00 253 IT0004036338 MEDIOBANCA 06/11 TV EUR 1 843 29.52 27.58 7 0.12 0.11 253 IT0001302659 SAN PAOLO-IMI 99/19 TV EUR 1 120 13.13 11.46 4 0.05 0.05 253 IT0006673401 BARCLAYS BANK 08/13 MULTI COUPON EUR 51 1.09 0.98 1 0.02 0.02 46 IT0006598830 KFW 05/25 MULTI COUPON EUR 7 0.05 0.04 0 0.00 0.00 253 IT0000972130 SAN PAOLO IMI 96/10 TV ITL 103 1.03 1.03 0 0.00 0.00 253 IT0003022701 UNICREDITO ITALIANO 00/10 STEP COUPON EUR 5 569 51.39 52.15 22 0.20 0.21 253 IT0001304010 INTERBANCA 99/21 MULTI COUPON EUR 266 2.90 2.16 1 0.01 0.01 253 IT0006596909 COUNCIL OF EUROPE SOCIAL DEVELOPMENT BANK 05/25 MULTI COUPON EUR 21 0.11 0.09 0 0.00 0.00 253


Year 2008 • 59

TURN

OVER



IT0001303350 CREDIOP 99/19 REVERSE EUR 863 10.15 8.82 3 0.04 0.03 253 IT0001304341 BANCA D'INTERMEDIAZIONE MOBILIARE IMI 99/24 MULTI COUPON EUR 259 2.65 2.52 1 0.01 0.01 253 IT0006630344 GOLDMAN SACHS GROUP 07/13 MULTI COUPON EUR 1 506 20.24 18.07 6 0.08 0.07 253 IT0003754147 UNICREDITO ITALIANO 04/11 STEP COUPON EUR 382 11.00 10.54 2 0.04 0.04 5.22% 253 IT0003792741 UNICREDITO ITALIANO 05/11 STEP COUPON EUR 329 9.37 8.91 1 0.04 0.04 5.11% 253 IT0003827679 UNICREDITO ITALIANO 05/11 STEP COUPON EUR 323 5.69 5.37 1 0.02 0.02 5.03% 253 IT0003666069 DEXIA CREDIOP 04/15 MULTICOUPON EUR 1 452 17.30 13.14 6 0.07 0.05 5.43% 253 IT0003681910 MEDIOBANCA 04/14 TV EUR 1 972 33.45 30.60 8 0.13 0.12 253 XS0220830235 B.E.I. 05/20 MULTI COUPON EUR 142 2.62 2.02 1 0.01 0.01 253 IT0000022183 ICF LIGURIA 74/10 TF 7% ITL - - - - - - 253 IT0004012586 UNICREDIT EX CAPITALIA 06/16 TV SUB EUR 1 585 14.61 12.64 6 0.06 0.05 253 IT0006670761 BARCLAYS BANK 08/12 MULTI COUPON EUR 137 4.78 4.86 2 0.06 0.06 79 IT0004296486 BANCAPULIA 07/09 TV EUR 1 200 27.34 27.36 7 0.15 0.15 181 IT0004078025 BANCA INTESA 06/12 MULTI COUPON EUR 1 863 24.06 22.44 7 0.10 0.09 253 XS0229808315 REPUBBLICA AUSTRIACA 05/25 MULTI COUPON EUR 511 5.52 3.73 2 0.02 0.01 253 IT0006643008 MORGAN STANLEY 07/13 TV EUR - - - - - - 194 IT0003701494 DEXIA CREDIOP 04/11 TV EUR 10 0.13 0.13 0 0.00 0.00 253 IT0004332240 DEXIA CREDIOP 08/12 MULTI COUPON EUR 103 1.61 1.40 1 0.02 0.01 99 IT0001223889 IST.S.PAOLO TORINO 98/13 TF 5.58% ITL 1 705 19.62 20.04 7 0.08 0.08 253 IT0001282414 SAN PAOLO-IMI 98/13 MULTI COUPON ITL 684 9.02 10.33 3 0.04 0.04 253 IT0006649674 ABN AMRO BANK 07/12 ONE COUPON EUR 31 1.00 0.89 0 0.00 0.00 253 IT0003724066 UNICREDIT EX CAPITALIA 04/09 MULTI COUPON EUR 4 197 64.54 64.87 17 0.26 0.26 253 IT0001205589 MEDIOCREDITO LOMBARDO 98/28 ZERO COUPON ITL 1 321 35.68 12.85 5 0.14 0.05 253 IT0001271003 BANCA D'INTERMEDIAZIONE MOBILIARE IMI 98/18 MULTI COUPON ITL 937 15.52 14.28 4 0.06 0.06 253 IT0003647176 BANCA INTESA 04/09 ONE COUPON EUR 427 4.74 5.01 2 0.02 0.02 253 IT0001332342 CREDIOP 99/09 NIKKEI MULTI COUPON EUR 248 2.58 2.64 1 0.01 0.01 253 IT0003933154 MEDIOBANCA 05/11 ONE COUPON EUR 2 419 20.82 22.58 10 0.08 0.09 4.81% 253 IT0003805220 UNICREDITO ITALIANO 05/11 STEP COUPON EUR 276 6.35 6.01 1 0.03 0.02 253 IT0003832760 UNICREDITO ITALIANO 05/10 STEP COUPON EUR 20 0.37 0.36 0 0.00 0.00 4.04% 253 IT0003846844 UNICREDITO ITALIANO 05/11 STEP COUPON EUR 438 9.83 9.19 2 0.04 0.04 253 IT0003842553 DEXIA CREDIOP 05/10 TV EUR 717 6.84 6.29 3 0.03 0.02 4.92% 253 IT0004096415 MEDIOBANCA 06/12 TV EUR 2 546 32.84 29.71 10 0.13 0.12 253 IT0000018546 IST.S.PAOLO TORINO 65/13 TF 6% ITL 10 0.03 0.03 0 0.00 0.00 253 IT0000018587 IST.S.PAOLO TORINO 36/15 TF 6% ITL - - - - - - 253 IT0006596313 BERS 05/20 MULTI COUPON EUR 333 3.57 2.60 1 0.01 0.01 253 IT0001376687 MEDIOCREDITO LOMBARDO 99/09 MULTI COUPON GBP 14 0.11 0.11 0 0.00 0.00 5.70% 253 IT0004291172 MEDIOBANCA 08/14 MULTI COUPON EUR 382 5.53 5.15 6 0.08 0.08 67 IT0006525932 B.E.I. 98/18 REVERSE ITL 967 10.26 10.08 4 0.04 0.04 253 IT0004099419 BANCA INTESA 06/12 MULTI COUPON EUR 1 110 15.72 14.43 4 0.06 0.06 253 XS0225050680 B.E.I. 05/20 MULTI COUPON EUR 550 9.64 7.11 2 0.04 0.03 253 IT0006632035 MORGAN STANLEY 07/13 TV EUR 72 1.00 0.85 0 0.01 0.00 194 IT0003746408 DEXIA CREDIOP 04/09 TV EUR 839 8.71 8.25 3 0.03 0.03 5.64% 253 IT0001278404 MEDIOCREDITO CENTRALE 98/18 MULTI COUPON ITL 382 4.24 4.03 2 0.02 0.02 253 IT0001308607 CREDIOP 99/24 MULTI COUPON EUR 404 16.88 14.36 2 0.07 0.06 253 IT0003746382 DEXIA CREDIOP 04/09 TV EUR 4 939 54.80 51.90 20 0.22 0.21 253 DE0003099990 DEUTSCHE BAHN FINANCE B.V. 99/09 TF 4.875% EUR 171 2.99 3.00 1 0.01 0.01 253 IT0006566043 DRESDNER BANK 04/09 ONE COUPON EUR 4 694 46.65 59.00 19 0.18 0.23 253 IT0006590076 MERRILL LYNCH 05/11 MULTI COUPON EUR 1 687 23.09 21.75 7 0.09 0.09 253 IT0003747521 UNICREDITO ITALIANO 04/10 STEP COUPON EUR 883 24.60 23.59 3 0.10 0.09 253 IT0003754113 UNICREDITO ITALIANO 04/10 STEP COUPON EUR 410 8.19 7.87 2 0.03 0.03 253 IT0003799795 UNICREDITO ITALIANO 05/12 STEP COUPON EUR 244 10.20 9.60 1 0.04 0.04 253 IT0003617674 BANCA INTESA 04/09 TV EUR 9 967 158.16 156.40 39 0.63 0.62 253 IT0001336251 BANCA CARIGE 99/14 TV EUR 198 1.33 1.24 1 0.01 0.00 253 XS0222759689 B.E.I. 05/20 TV EUR 205 8.78 6.89 1 0.03 0.03 253 IT0006636770 MORGAN STANLEY 07/13 TV EUR 25 0.27 0.20 0 0.00 0.00 194 IT0004053465 MEDIOBANCA 06/11 TV EUR 1 422 17.27 16.21 6 0.07 0.06 5.00% 253 IT0006636218 MORGAN STANLEY 07/13 ONE COUPON EUR 1 305 11.72 12.35 7 0.06 0.06 194 IT0003815955 DEXIA CREDIOP 05/10 TV EUR 4 125 43.67 39.84 16 0.17 0.16 253 IT0001181129 BOP PROVINCIA DI MILANO 97/12 TV ITL 32 0.15 0.16 0 0.00 0.00 253 IT0006592981 B.E.R.S. 05/25 MULTI COUPON EUR 501 5.80 3.94 2 0.02 0.02 253 XS0223791517 B.E.I. 05/35 MULTI COUPON EUR 2 406 22.49 14.27 10 0.09 0.06 253 IT0004372162 DEXIA CREDIOP 08/12 MULTI COUPON EUR 113 1.18 0.99 1 0.01 0.01 99 IT0001282299 CREDIOP 98/13 REVERSE ITL 396 4.73 4.34 2 0.02 0.02 253 IT0003065791 MEDIOCREDITO CENTRALE 01/11 TV EUR 2 637 42.41 42.23 10 0.17 0.17 253 XS0222117227 B.E.I. 05/20 TV EUR 157 2.57 2.20 1 0.01 0.01 253

TURN

OVE


Year 2008 • 60



IT0001211496 IST.S.PAOLO TORINO 98/10 TF 5.39% ITL 1 827 18.33 18.53 7 0.07 0.07 253 IT0006649005 ABN AMRO BANK 07/12 MULTI COUPON EUR 4 669 89.69 88.96 18 0.35 0.35 253 IT0003806855 MEDIOBANCA 05/15 TV EUR 2 198 32.32 29.07 9 0.13 0.11 253 NL0006136376 ABN AMRO BANK 07/12 MULTI COUPON EUR 283 4.37 4.55 1 0.02 0.02 253 IT0001296133 MONTE PASCHI SIENA 99/14 MULTI COUPON EUR 1 168 14.29 12.84 5 0.06 0.05 253 IT0000118445 BANCO DI NAPOLI 84/09 TF 15.4% ITL 8 0.05 0.06 0 0.00 0.00 253 IT0004059025 MEDIOBANCA 06/09 TV EUR 360 4.64 4.60 2 0.02 0.02 220 IT0001292850 MEDIOCREDITO LOMBARDO 99/19 MULTI COUPON EUR 1 037 14.38 11.65 4 0.06 0.05 253 IT0006521139 B.E.I. 98/13 REVERSE ITL 447 6.02 6.29 2 0.02 0.02 253 IT0001302733 MONTE PASCHI SIENA 99/29 MULTI COUPON EUR 632 6.12 4.67 2 0.02 0.02 253 IT0006523960 B.E.I. 98/13 MULTI COUPON EUR 327 5.34 5.42 1 0.02 0.02 253 IT0006640236 MORGAN STANLEY 07/13 MULTI COUPON EUR 1 710 27.08 24.30 7 0.11 0.10 253 IT0006591942 BIRS 05/20 MULTI COUPON EUR 771 18.76 14.16 3 0.07 0.06 253 IT0006533399 B.E.I. 00/15 TF 5.002% EUR - - - - - - 253 IT0001306171 MEDIOCREDITO CENTRALE 99/19 MULTI COUPON EUR 618 13.36 11.93 2 0.05 0.05 253 IT0001086658 IST.S.PAOLO TORINO 97/22 ZERO COUPON ITL 2 520 38.16 19.57 10 0.15 0.08 253 IT0006506007 B.E.I. 96/16 ZERO COUPON EUR 5 826 86.90 63.66 23 0.34 0.25 253 IT0006515628 B.E.I. 97/17 TRASFORMABILE EUR 1 422 24.52 10.14 6 0.10 0.04 5.00% 253 IT0006527078 BERS 99/24 MULTI COUPON EUR 220 4.07 3.75 1 0.02 0.01 4.73% 253 XS0212274988 B.E.I. 05/25 MULTI COUPON EUR 304 3.45 2.54 1 0.01 0.01 5.84% 253 IT0003759096 UNICREDITO ITALIANO 04/10 STEP COUPON EUR 351 6.74 6.45 1 0.03 0.03 5.04% 253 IT0003810626 UNICREDITO ITALIANO 05/12 STEP COUPON EUR 141 3.53 3.33 1 0.01 0.01 253 IT0003765291 UNICREDITO ITALIANO 04/10 STEP COUPON EUR 594 13.11 12.51 2 0.05 0.05 253 IT0004176787 DEXIA CREDIOP 07/12 TV EUR 20 0.33 0.28 0 0.00 0.00 109 IT0003623003 MEDIOBANCA 04/14 TV EUR 1 116 15.45 14.26 4 0.06 0.06 253 IT0003806350 DEXIA CREDIOP 05/15 TV EUR 446 6.58 5.50 2 0.03 0.02 253 IT0003793525 DEXIA CREDIOP 05/15 TV EUR 713 11.58 9.81 3 0.05 0.04 253 IT0003210074 BANCA POPOLARE DI BERGAMO CREDITO VARESINO 01/12 TV SUB EUR 1 974 22.68 23.00 8 0.09 0.09 253 XS0216258763 REPUBBLICA AUSTRIACA 05/20 TV EUR 1 933 27.89 25.50 8 0.11 0.10 253 IT0001373940 BANCA FIDEURAM 99/09 TV SUB EUR 2 807 33.96 34.15 11 0.13 0.13 253 IT0001278941 CENTROBANCA 98/13 MULTI COUPON ITL 559 5.29 4.63 2 0.02 0.02 253 IT0004307986 DEXIA CREDIOP 08/12 MULTI COUPON EUR 291 3.57 2.90 3 0.04 0.03 99 IT0001317707 CREDIOP 99/19 MULTI COUPON EUR 89 0.82 0.73 0 0.00 0.00 253 IT0006526609 B.E.I. 99/29 MULTI COUPON EUR 535 8.82 7.42 2 0.03 0.03 253 IT0003844336 MEDIOBANCA 05/10 ONE COUPON EUR 1 977 19.79 18.86 8 0.08 0.07 253 IT0003673156 BANCA INTESA 04/09 TV EUR 3 345 44.95 44.16 13 0.18 0.17 4.99% 253 IT0000018579 IST.S.PAOLO TORINO 63/15 TF 5% ITL - - - - - - 5.12% 253 XS0208904796 GOLDMAN SACHS GROUP 05/10 MULTI COUPON EUR 4 036 56.54 54.83 16 0.22 0.22 5.22% 253 IT0001324851 MEDIOCREDITO CENTRALE 99/09 MULTI COUPON EUR 757 11.34 11.25 3 0.04 0.04 5.25% 253 IT0003739841 BANCA INTESA 04/09 TV EUR 217 1.55 1.57 1 0.01 0.01 253 IT0006604539 MORGAN STANLEY 06/12 MULTI COUPON EUR 2 490 38.04 35.10 10 0.15 0.14 253 IT0006628876 MORGAN STANLEY 07/13 TV EUR 54 0.86 0.73 0 0.00 0.00 5.10% 194 IT0006640491 MORGAN STANLEY 07/13 TV EUR 6 0.06 0.06 0 0.00 0.00 194 IT0006568965 BAYERISCHE HYPO-UND VEREINSBANK 04/09 MULTI COUPON EUR 2 672 29.49 29.33 11 0.12 0.12 253 IT0003806244 DEXIA CREDIOP 05/10 TV EUR 5 460 76.54 71.54 22 0.30 0.28 253 XS0221500571 REPUBBLICA AUSTRIACA 05/20 TV EUR 1 223 14.45 11.43 5 0.06 0.05 253 IT0004115256 CENTRO LEASING BANCA 06/16 TV EUR - - - - - - 5.21% 253

EUROBONDS AND ABSs

IT0003749360 ABS S.C.C.I S.P.A. - SERIE 8 - 04/16 TV EUR 406 26.00 25.90 2 0.10 0.10 5.29% 253 FR0010135525 OAT-I 04/15 TV EUR 226 23.03 22.26 1 0.09 0.09 253 DE0001141448 REPUBBLICA FEDERALE TEDESCA 04/09 TF 3.25% EUR 519 38.07 38.20 2 0.15 0.15 4.91% 253 XS0129648621 FIAT 01/11 TF 6,75% EUR 19 892 322.99 323.69 79 1.28 1.28 253 DE0001135275 BUND 05/37 TF 4.00% EUR 276 6.86 6.65 1 0.03 0.03 253 FR0106589437 REPUBBLICA DI FRANCIA 04/09 TF 3.50% EUR 144 8.23 8.23 1 0.03 0.03 253 XS0184374063 TELECOM ITALIA 04/11 TITOLO CON CEDOLA TF 4,50% EUR 434 70.90 68.72 2 0.28 0.27 5.83% 253 FR0000188328 OAT 01/12 TF 5% EUR 55 3.16 3.32 0 0.01 0.01 253 ES0000011660 OBL.ES 98/13 TF 6,15% EUR 40 2.16 2.34 0 0.01 0.01 253 FR0010061242 O.A.T. 03/14 TF 4% EUR 32 1.32 1.36 0 0.01 0.01 4.82% 253 US298785EE27 B.E.I. 07/12 TF 4,625% USD 126 3.65 3.80 1 0.01 0.02 5.81% 248 US298785DP82 B.E.I. 05/10 TF 4.125% USD 3 170 71.21 73.24 13 0.28 0.29 6.29% 253 XS0225513703 B.E.I. 05/12 TF 4.25% USD 890 19.40 19.95 4 0.08 0.08 253 XS0097560600 B.E.I. 99/09 TF 5,875% USD 611 17.78 18.20 2 0.07 0.07 253 XS0271449000 B.E.I. 06/13 TF 5% USD 207 4.98 5.24 1 0.02 0.02 248


Year 2008 • 61

TURN

OVER



XS0322956490 B.E.I. 07/14 TF 4.75% USD 2 0.05 0.06 0 0.00 0.00 5.81% 54 DE0001135150 BUND 00/10 TF 5,25% EUR 24 1.52 1.59 1 0.04 0.05 3.38% 35 GR0124028623 GGB 06/16 TF 3.6% EUR 25 0.31 0.29 0 0.00 0.00 253 XS0200676160 UNICREDITO ITALIANO 04/19 MULTI COUPON EUR 882 81.15 75.17 3 0.32 0.30 253 XS0184373925 TELECOM ITALIA 04/19 TITOLO CON CEDOLA TF 5,375% EUR 465 88.80 78.80 2 0.35 0.31 2.16% 253 XS0119282423 B.E.I. 00/10 TF 5,625% EUR 1 343 59.58 61.86 5 0.24 0.24 3.44% 253 IT0003953376 ABS S.C.C.I. S.P.A. - SERIE 9 - 05/18 TV EUR 251 9.13 9.05 1 0.04 0.04 253 DE0001135234 BUND 03/13 TF 3,75% EUR 507 25.35 25.50 2 0.10 0.10 253 FR0000186413 OAT-I 99/29 TV EUR 128 16.13 18.98 1 0.06 0.08 3.05% 253 DE0001135200 BUND 02/12 TF 5% EUR 244 11.28 11.89 1 0.04 0.05 2.68% 253 GR0338001531 GGB-EI 02/25 TV EUR 292 28.82 29.37 1 0.11 0.12 2.87% 253 FR0000188955 OAT-I 02/13 TV EUR 98 10.63 10.79 0 0.04 0.04 5.77% 253 FR0010070060 O.A.T. 03/35 TF 4.75% EUR 43 1.04 1.05 0 0.00 0.00 253 DE0001135341 BUND 07/18 TF 4% EUR 345 8.60 8.67 1 0.04 0.04 239 XS0293587290 DRESDNER BANK 07/17 MULTI COUPON EUR 51 0.78 0.77 0 0.00 0.00 253 DE0001137198 SCHATZ 07/09 TF 4% EUR 133 21.74 21.97 1 0.09 0.09 239 DE0001141521 BOBL 08/13 TF 3,50% EUR 32 2.20 2.21 0 0.01 0.01 5.26% 168 XS0092084705 B.E.I. 98/09 TF 5.50% GBP 2 250 61.30 62.24 9 0.24 0.25 2.01% 253 XS0055498413 B.E.I. 95/17 TF 8,75% GBP 7 0.35 0.46 0 0.00 0.00 4.66% 219 XS0293434626 B.E.I. 07/11 TF 5.375% GBP 44 0.92 0.95 0 0.00 0.00 4.86% 219 US465410BK38 REPUBLIC OF ITALY 04/09 TF 3,25 USD 5 357 153.67 154.30 21 0.61 0.61 253 US298785EH57 B.E.I. 07/10 TF 4.625% USD 20 0.59 0.61 0 0.01 0.01 4.02% 54 XS0273786847 KFW 06/14 TF 5.00% USD 8 0.08 0.08 0 0.00 0.00 141 US500769BP83 KFW 06/16 TF 5,125% USD 5 0.01 0.01 0 0.00 0.00 4.98% 141 US465410BR80 REPUBLIC OF ITALY 06/16 TF 5,25% USD 3 0.20 0.22 0 0.00 0.00 253 DE0001137222 SCHATZ 08/10 TF 4,75% EUR 1 0.01 0.01 0 0.00 0.00 35 DE0001135309 BUND 06/16 TF 4.00% EUR 93 4.27 4.32 0 0.02 0.02 253 XS0185030698 UNICREDITO ITALIANO 04/14 TF 4,375% EUR 1 156 104.90 102.79 5 0.41 0.41 253 DE0001141489 BOBL 06/11 TF 3.50% EUR 215 9.34 9.46 1 0.04 0.04 5.01% 253 FR0000188989 OAT 02/13 TF 4% EUR 183 7.36 7.46 1 0.03 0.03 4.27% 253 DE0001135226 BUND 03/34 TF 4,75% EUR 260 16.42 16.88 1 0.06 0.07 2.82% 253 DE0001591089 DEUTSCHE BAHN FINANCE 00/10 TITOLO CON CEDOLA TF 6% EUR 78 2.66 2.76 0 0.01 0.01 5.77% 253 FR0010288357 O.A.T. 05/16 TF 3.25% EUR 39 2.94 2.88 0 0.01 0.01 4.92% 253 FR0010371401 OAT 05/38 TF 4,00% EUR 41 0.75 0.70 0 0.00 0.00 4.97% 253 ES0000011868 OBL.ES 99/29 TF 6% EUR 18 0.18 0.21 0 0.00 0.00 4.98% 253 XS0309927258 B.E.I. 07/09 TF 4.50% EUR 918 32.80 33.29 4 0.14 0.15 227 FR0113087466 BTAN 08/13 TF 3,75% EUR 13 1.11 1.10 0 0.01 0.01 5.15% 168 XS0376607015 B.E.I. 08/11 TF 4,75% EUR 434 16.24 16.68 6 0.23 0.24 3.07% 70 XS0361975955 B.E.I. 08/15 TF 4,25% EUR 570 20.97 21.06 8 0.30 0.30 3.75% 70 GR0133001140 GGB 99/19 TF 6.5% EUR 2 0.00 0.00 0 0.00 0.00 253 XS0223923870 B.E.I. 05/15 TF 4.375% GBP 628 17.45 17.31 3 0.08 0.08 219 XS0103080544 B.E.I. 99/14 TF 6.25% GBP 102 3.52 3.76 0 0.01 0.01 253 US465410BG26 REPUBLIC OF ITALY 03/33 TF 5,375% USD 4 731 106.28 107.31 19 0.42 0.42 6.26% 253 US298785CX26 B.E.I. 03/13 TF 3.375% USD 3 320 71.78 71.52 13 0.28 0.28 2.34% 253 US298785DX17 B.E.I. 06/11 TF 5,25% USD 226 6.53 6.91 1 0.03 0.03 5.52% 253 US298785DV50 B.E.I. 06/36 TF 4,875% USD 1 600 42.36 42.17 6 0.17 0.17 253 US500769BL79 KFW 06/11 TF 4.625% USD 77 1.56 1.59 1 0.01 0.01 4.59% 141 XS0242670320 REGNO DI SVEZIA 06/11 TF 4,5% USD 34 0.87 0.90 0 0.01 0.01 2.82% 135 US465410BQ08 REPUBLIC OF ITALY 06/16 TITOLI CON CEDOLE TF 4.75% USD 68 5.58 5.74 0 0.02 0.02 5.67% 253 US465410BS63 REPUBLIC OF ITALY 07/17 TF 5,375% USD 1 0.07 0.07 0 0.00 0.00 253 XS0347750365 B.E.I. 08/15 TF 3.75% USD 101 2.96 2.96 2 0.05 0.05 4.57% 54 DE0001135135 BUND 99/10 TF 5,375% EUR 16 0.61 0.64 0 0.02 0.02 35 DE0001135184 BUND 01/11 TF 5,00% EUR 6 0.14 0.15 0 0.00 0.00 31 XS0258132272 B.E.I. 06/16 TV EUR 716 11.19 10.59 3 0.04 0.04 4.44% 253 XS0189530990 UNICREDITO ITALIANO 04/11 TV EUR 2 629 199.65 197.35 10 0.79 0.78 253 XS0098449456 REPUBLIC OF ITALY 99/29 TV EUR 1 950 48.42 45.94 8 0.19 0.18 4.54% 253 IT0003566699 ABS S.C.I.C. 03/15 TV - CLASSE A4 EUR 129 22.83 22.73 1 0.09 0.09 253 FR0000188013 OAT-I 01/12 TV EUR 258 26.18 27.28 1 0.10 0.11 4.94% 253 XS0272359489 B.E.I. 06/16 TF 3,875% EUR 2 858 114.35 112.78 11 0.45 0.45 253 DE0001135218 BUND 03/13 TF 4,50% EUR 229 10.25 10.52 1 0.04 0.04 4.62% 253 DE0001135176 BUND 00/31 TF 5,50% EUR 28 0.44 0.52 0 0.00 0.00 253 FR0010094375 OAT-I 03/11 TV EUR 180 21.99 21.67 1 0.09 0.09 253 FR0010163543 OAT 04/15 TF 3.50% EUR 72 2.93 2.92 0 0.01 0.01 253 FR0108664055 BTAN-EI 05/10 TV EUR 84 7.20 7.12 0 0.03 0.03 4.48% 253 DE0001135317 BUND 06/17 TF 3,75% EUR 103 4.29 4.32 0 0.02 0.02 253

TURN

OVE


Year 2008 • 62



FR0000571424 OAT-I 98/09 TV EUR 232 18.50 18.54 1 0.07 0.07 253 GR0114017420 GGB 04/09 TITOLO CON CEDOLA TF 3,50% EUR 144 6.85 6.83 1 0.03 0.03 253 XS0327177134 B.E.I. 07/13 TF 4.375% EUR 3 923 127.50 128.33 17 0.56 0.57 227 XS0162038318 B.E.I. 03/10 TF 4,250% GBP 2 752 84.48 85.15 11 0.33 0.34 253 XS0144129649 REPUBLIC OF ITALY 02/12 TITOLO CON CEDOLA TF 5,625% USD 403 13.88 14.80 2 0.05 0.06 253 US298785CZ73 B.E.I. 04/09 TF 3,375% USD 3 779 91.40 91.78 15 0.36 0.36 253 US500769BH67 KFW 05/15 TF 4,375% USD 40 0.75 0.76 0 0.01 0.01 141 US298785ER30 B.E.I. 08/13 TF 4.25% USD 1 0.01 0.01 0 0.00 0.00 54 DE0001135168 BUND 00/11 TF 5,25% EUR 9 0.11 0.12 0 0.00 0.00 31 XS0100688190 REPUBLIC OF ITALY 99/19 TV EUR 459 16.00 13.94 2 0.06 0.06 253 XS0093014610 B.E.I. 99/09 TF 4% EUR 5 826 173.33 173.86 23 0.69 0.69 253 XS0233286078 B.E.I. 05/25 MULTI COUPON EUR 241 3.17 2.23 1 0.01 0.01 253 ES0000012239 OBL.ES 99/10 TF 4% EUR 197 7.98 8.00 1 0.03 0.03 253 DE0001137172 SCHATZ 07/09 TF 3,75% EUR 197 14.24 14.29 1 0.06 0.06 253 DE0001030500 DBR-EI 06/16 TV EUR 577 49.64 47.96 2 0.20 0.19 253 ES0000012866 OBL.ES 03/13 TF 4,2% EUR 77 4.24 4.26 0 0.02 0.02 253 FR0010192997 REPUBBLICA DI FRANCIA 05/21 TF 3.75% EUR 24 1.01 0.97 0 0.00 0.00 253 FR0000187361 OAT 00/16 TF 5% EUR 33 2.14 2.31 0 0.01 0.01 253 FR0010235176 OAT-I 05/17 TV EUR 197 13.97 12.66 1 0.06 0.05 253 DE0001141497 BOBL 06/11 TF 3,50% EUR 203 10.60 10.63 1 0.04 0.04 253 FR0010517417 OAT 06/17 TF 4,25% EUR 15 0.70 0.72 0 0.00 0.00 5.92% 239 FR0010415331 O.A.T. 06/17 TF 3,75% EUR 15 0.40 0.39 0 0.00 0.00 6.45% 253 GR0124018525 GGB 02/12 TF 5,25% EUR 18 0.37 0.38 0 0.00 0.00 253 DE0001137214 SCHATZ 08/10 TF 3% EUR 115 7.48 7.48 1 0.04 0.04 168 XS0114126294 B.E.I. 00/32 TF 5.625% GBP 1 0.00 0.00 0 0.00 0.00 219 XS0122271082 B.E.I. 00/11 TF 5,50% GBP 156 4.69 4.88 1 0.02 0.02 253 US298785EG74 B.E.I. 07/17 TF 5,125% USD 53 0.98 1.04 0 0.00 0.00 248 US298785EK86 B.E.I. 08/13 TF 2,875% USD 378 15.79 15.54 2 0.10 0.10 161 XS0170724479 REPUBBLICA AUSTRIACA 03/13 TF 3,25% USD 1 165 24.83 24.62 9 0.18 0.18 135 XS0204937394 B.E.I. 04/11 TF 3.875% USD 1 049 26.58 26.98 4 0.11 0.11 253 US465410BN76 REPUBLIC OF ITALY 05/15 TITOLI CON CEDOLE TF 4,50% USD 2 744 89.39 90.54 11 0.35 0.36 253 US465410AH18 REPUBLIC OF ITALY 93/23 TF 6,875% USD 475 7.79 9.30 2 0.03 0.04 253 US500769AX27 KFW 04/14 TF 4.125% USD 87 2.30 2.31 1 0.02 0.02 141 US298785DY99 B.E.I. 06/16 TF 5,125% USD 197 6.81 7.27 1 0.03 0.03 4.19% 253 XS0210292032 REGNO DI SVEZIA 05/10 TF 3,875% USD 4 0.10 0.10 0 0.00 0.00 4.22% 135 XS0186999743 REPUBBLICA AUSTRIACA 04/11 TF 3,625% USD 22 0.66 0.68 0 0.00 0.01 135 DE0001030104 BUND 05/10 TF 3,875% USD 22 0.75 0.76 0 0.01 0.01 4.71% 135 US465410BT47 REPUBLIC OF ITALY 08/11 TF 3,5% USD 4 0.30 0.30 0 0.00 0.00 71 DE0001135267 BUND 04/15 TF 3,75% EUR 6 0.12 0.12 0 0.00 0.00 31 FR0010050559 OAT-I 03/20 TV EUR 311 29.13 29.49 1 0.12 0.12 253 DE0001135325 BUND 07/39 TF 4,25% EUR 123 2.17 2.12 0 0.01 0.01 253 DE0001135192 BUND 02/12 TF 5% EUR 298 12.22 12.77 1 0.05 0.05 253 XS0291573599 DRESDNER BANK 07/17 TV EUR 6 0.10 0.10 0 0.00 0.00 253 FR0108847049 BTAN 05/11 TF 3,50% EUR 69 2.89 2.90 0 0.01 0.01 4.76% 253 DE0001141505 BOBL 07/12 TF 4% EUR 168 5.83 5.92 1 0.02 0.02 253 ES0000012452 OBL.ES 01/11 TF 5,35% EUR 22 2.59 2.65 0 0.01 0.01 253 DE0001135333 BUND 07/17 TF 4,25% EUR 26 0.75 0.79 0 0.00 0.00 253 DE0001135291 BUND 05/16 TF 3.5% EUR 193 9.18 9.16 1 0.04 0.04 253 IT0003731426 ABS S.C.I.C. - 2004/2023 TV - CLASSE A2 EUR 30 16.70 7.27 0 0.07 0.03 253 DE0001137180 SCHATZ 07/09 TF 4,5% EUR 170 11.48 11.62 1 0.05 0.05 253 ES0000012098 OBL.ES 99/14 TF 4,75% EUR 24 3.12 3.29 0 0.01 0.01 253 FR0109970386 BTAN 07/12 TF 3,75% EUR 58 1.75 1.75 0 0.01 0.01 253 DE0001141513 BOBL 07/12 TF 4,25% EUR 55 4.35 4.48 0 0.02 0.02 239 XS0330805069 B.E.I. 07/14 TF 4.25% EUR 1 812 58.68 58.89 8 0.26 0.26 227 FR0010604983 OAT 07/18 TF 4% EUR 20 4.00 3.93 0 0.02 0.02 168 XS0274987873 B.E.I. 06/16 TF 4.875% GBP 76 1.26 1.27 0 0.01 0.01 219 XS0160908249 B.E.I. 03/13 TF 4.50% GBP 4 250 130.06 130.15 17 0.51 0.51 253 XS0211995757 B.E.I. 05/12 TF 4,750% GBP 1 247 42.28 42.84 5 0.17 0.17 253 XS0248288838 B.E.I. 06/09 TF 4,375% GBP 216 6.88 6.89 1 0.03 0.03 253 XS0160386875 B.E.I. 03/18 TF 4,750% GBP 73 1.85 1.86 0 0.01 0.01 253 US298785DS22 B.E.I. 06/09 TF 4,50% USD 1 315 37.26 37.47 5 0.15 0.15 248 US298785EJ14 B.E.I. 08/11 TF 3,25% USD 1 817 43.00 43.17 11 0.27 0.27 161 XS0172289604 KFW 03/11 TF 3.50% USD 100 2.60 2.60 1 0.02 0.02 141 XS0161304190 B.E.I. 03/10 TF 3,875% USD 808 17.94 18.32 3 0.07 0.07 253 US298785DJ23 B.E.I. 05/10 TF 4.00% USD 2 506 64.26 65.65 10 0.25 0.26 253


Year 2008 • 63

TURN

OVER



US298785DU77 B.E.I. 06/16 TF 4,875% USD 247 6.33 6.66 1 0.03 0.03 4.51% 253 XS0252479497 B.E.I. 06/13 TF 5,25% USD 237 5.68 6.04 1 0.02 0.02 4.76% 248 DE0001135127 BUND 99/09 TF 4,5% EUR 36 2.35 2.39 1 0.07 0.07 35 GR0138001673 GGB 05/37 TF 4.5% EUR 9 0.06 0.05 0 0.00 0.00 3.86% 253 XS0249816579 B.E.I. 06/11 TF 3,625% EUR 17 151 565.14 563.89 68 2.23 2.23 253 XS0107525403 FIAT 00/10 TF 6.25% EUR 9 831 151.36 151.64 39 0.60 0.60 253 FR0010011130 OAT 02/13 TF 4% EUR 153 8.40 8.50 1 0.03 0.03 253 FR0110979178 BTAN 06/09 TF 4% EUR 134 6.28 6.34 1 0.02 0.03 253 DE0001141463 BOBL 05/10 TF 3,25% EUR 320 16.13 16.17 1 0.06 0.06 4.21% 253 DE0001141471 BOBL 05/10 TF 2.5% EUR 492 31.12 30.96 2 0.12 0.12 253 GR0114018436 GGB 05/10 TF 3.10% EUR 32 0.81 0.79 0 0.00 0.00 253 FR0000187635 OAT 00/32 TF 5,75% EUR 20 1.81 2.21 0 0.01 0.01 253 DE0001137206 SCHATZ 07/09 TF 4% EUR 280 13.80 13.93 1 0.06 0.06 239 FR0110979186 BTAN 06/12 TF 4,5% EUR 23 0.75 0.75 0 0.00 0.00 3.98% 253 XS0290050524 B.E.I. 07/24 TF 4.125% EUR 1 448 41.79 40.28 6 0.18 0.18 227 ES0000012411 OBL.ES 02/32 TF 5,75% EUR 13 0.52 0.62 0 0.00 0.00 2.97% 253 XS0092787299 B.E.I. 98/09 TF 5,25% USD 628 16.13 16.33 2 0.06 0.06 4.02% 253 US298785EQ56 B.E.I. 08/11 TF 3.125% USD 76 2.80 2.81 1 0.05 0.05 5.33% 54 US298785EC60 B.E.I. 07/10 TF 5% USD 152 4.59 4.76 1 0.02 0.02 2.27% 248 US298785EP73 B.E.I. 08/11 TF 2.625% USD 31 1.09 1.11 1 0.02 0.02 54 DE0001135119 BUND 99/09 TF 4% EUR 25 1.68 1.71 1 0.05 0.05 4.33% 35 DE0001141455 BOBL 04/09 TF 3,5% EUR 32 1.59 1.61 1 0.05 0.05 35 DE0001137230 SCHATZ 08/10 TF 4% EUR 5 0.19 0.20 0 0.01 0.01 35 FR0010466938 OAT 06/23 TF 4,25% EUR 49 0.85 0.85 0 0.00 0.00 253 IT0003953384 ABS S.C.C.I. S.P.A. - SERIE 10 - 05/19 TV EUR 503 32.55 32.23 2 0.13 0.13 253 ES0000012791 OBL.ES 02/12 TF 5% EUR 24 1.49 1.54 0 0.01 0.01 253 DE0001135242 BUND 03/14 TF 4,25% EUR 194 12.54 12.82 1 0.05 0.05 253 FR0000188690 OAT 01/12 TF 4,75% EUR 78 4.98 5.16 0 0.02 0.02 253 FR0107369672 BTAN 04/10 TF 3% EUR 123 8.45 8.39 0 0.03 0.03 253 FR0108354806 REPUBBLICA DI FRANCIA 06/11 TF 3.00% EUR 162 5.65 5.64 1 0.02 0.02 3.20% 253 FR0000188799 OAT-I 02/32 TV EUR 201 63.44 73.66 1 0.25 0.29 253 GR0110018208 GGB 06/09 TF 3.4% EUR 40 0.56 0.56 0 0.00 0.00 3.71% 253 XS0133144898 REPUBLIC OF ITALY 01/16 TITOLO CON CEDOLA TF 5.75% EUR 27 0.62 0.66 0 0.00 0.00 4.17% 253 GR0124021552 GGB 03/13 TF 4.6% EUR 4 0.05 0.05 0 0.00 0.00 4.31% 253 GR0133002155 GGB 02/22 TF 5.90% EUR 1 0.05 0.06 0 0.00 0.00 4.56% 253 XS0276299541 B.E.I. 06/10 TF 3,750% EUR 4 969 182.99 183.65 28 1.04 1.04 4.46% 176 XS0308505055 B.E.I. 07/17 TF 4,750% EUR 815 27.86 28.59 5 0.16 0.16 176 XS0085727559 B.E.I. 98/28 TF 6% GBP 1 0.01 0.01 0 0.00 0.00 5.92% 219 US298785EN26 B.E.I. 08/13 TF 3.25% USD 12 0.46 0.46 0 0.01 0.01 54 US298785DR49 B.E.I. 05/15 TF 4.625% USD 1 026 24.30 25.18 4 0.10 0.10 5.05% 253 US298785DD52 B.E.I. 04/14 TF 4,625% USD 355 8.60 8.99 1 0.03 0.04 253 XS0125141316 REPUBLIC OF ITALY 01/11 TF 6% USD 596 21.08 22.42 2 0.08 0.09 253 US465410BF43 REPUBLIC OF ITALY 03/13 TITOLO CON CEDOLA TF 4,375% USD 3 715 98.30 100.24 15 0.39 0.40 253 XS0287792914 B.E.I. 07/14 TF 5,125% USD 15 0.28 0.30 0 0.00 0.00 161 XS0091457027 B.E.I. 98/21 TF 5,375% GBP 3 0.26 0.28 0 0.00 0.00 219

SUSPENDED

IT0006578600 LEHMAN BROTHERS TREASURY CO. B.V. 05/17 MULTI COUPON EUR 211 1.22 0.98 1 0.01 0.01 179 XS0276162327 LEHMAN BROTHERS TREASURY CO. B.V. 06/10 ONE COUPON EUR 548 23.67 23.62 3 0.13 0.13 179

DELISTED

DOMESTIC GOVERNMENT BONDS

IT0004290042 B.O.T. 30/11/07 - 30/05/08 ZERO COUPON EUR 7 641 600.43 595.66 75 5.89 5.84 102 IT0004351414 B.O.T. 30/04/08 - 31/10/08 ZERO COUPON EUR 14 116 1 245.02 1 228.77 109 9.58 9.45 130 IT0003413892 B.T.P. 03/08 TITOLO CON CEDOLA TF 3,5% EUR 222 20.43 20.43 37 3.41 3.40 6 IT0004229511 B.O.T. 15/05/2007 - 15/05/2008 ZERO COUPON EUR 10 868 820.83 816.35 119 9.02 8.97 91 IT0004200587 B.O.T. 15/3/2007 - 14/3/2008 ZERO COUPON EUR 3 372 351.12 349.48 67 7.02 6.99 50 IT0004413883 B.O.T. 30/09/2008 - 31/12/2008 ZERO COUPON EUR 3 303 487.08 483.78 52 7.73 7.68 63 IT0004284730 B.O.T. 15/10/07 - 15/01/08 ZERO COUPON EUR 50 9.67 9.66 7 1.38 1.38 7 IT0004282791 B.O.T. 15/10/07 - 15/10/08 ZERO COUPON EUR 10 904 725.68 714.51 55 3.65 3.59 199 IT0004365562 B.O.T. 15/05/2008 - 15/08/2008 ZERO COUPON EUR 1 617 160.19 159.00 25 2.43 2.41 66

TURN

OVE


Year 2008 • 64



IT0004381874 B.O.T. 30/06/08 - 31/12/08 ZERO COUPON EUR 15 870 1 102.94 1 087.40 124 8.62 8.50 128 IT0004408859 B.O.T. 15/09/2008 - 15/12/2008 ZERO COUPON EUR 4 056 437.10 434.03 62 6.72 6.68 65 IT0004166812 C.T.Z. 2/1/2007 - 31/12/2008 ZERO COUPON EUR 34 575 3 892.16 3 826.26 138 15.57 15.31 250 IT0004282783 B.O.T. 31/10/2007 - 30/04/2008 ZERO COUPON EUR 8 120 782.08 777.19 100 9.66 9.59 81 IT0003532915 B.T.P.I 03/08 TV EUR 2 975 159.67 159.89 17 0.91 0.91 176 IT0004354764 B.O.T. 15/04/2008 - 15/07/2008 ZERO COUPON EUR 3 455 355.35 352.79 54 5.55 5.51 64 IT0004349384 B.O.T. 31/03/2008 - 31/07/2008 ZERO COUPON EUR 2 498 303.16 300.73 29 3.48 3.46 87 IT0004235799 B.O.T. 15/06/2007 - 16/06/2008 ZERO COUPON EUR 8 103 681.99 675.97 72 6.04 5.98 113 IT0004297542 B.O.T. 14/12/07 - 15/12/08 ZERO COUPON EUR 24 314 1 867.32 1 834.45 100 7.72 7.58 242 IT0004324957 B.O.T. 29/02/2008-29/08/2008 ZERO COUPON EUR 11 591 839.73 829.57 92 6.66 6.58 126 IT0003222087 C.C.T. 01/08 RUOLI ERARIALI TV EUR 891 25.78 25.80 7 0.21 0.21 123 IT0004297559 B.O.T. 02/01/08 - 30/06/08 ZERO COUPON EUR 13 071 941.48 929.99 106 7.65 7.56 123 IT0004293202 B.O.T. 15/11/2007 - 15/02/2008 ZERO COUPON EUR 571 61.97 61.79 19 2.07 2.06 30 IT0003532097 B.T.P. 03/08 TF 3,5% EUR 23 120 1 453.69 1 451.37 131 8.26 8.25 176 IT0004168727 B.O.T. 15/1/2007 - 15/1/2008 ZERO COUPON EUR 136 16.80 16.79 19 2.40 2.40 7 IT0004311749 B.O.T. 15/01/2008 - 15/04/2008 ZERO COUPON EUR 3 920 407.01 404.07 62 6.46 6.41 63 IT0004402001 B.O.T. 15/08/2008 - 14/11/2008 ZERO COUPON EUR 2 139 214.89 213.76 33 3.36 3.34 64 IT0003162168 C.C.T. 01/08 TV EUR 16 416 1 098.88 1 099.32 278 18.63 18.63 59 IT0004345135 B.O.T. 14/03/2008 - 30/09/2008 ZERO COUPON EUR 8 602 926.76 915.65 62 6.72 6.64 138 IT0003804850 B.T.P. 05/08 TITOLO CON CEDOLA TF 2.75% EUR 786 74.78 74.74 41 3.94 3.93 19 IT0004274046 B.O.T. 28/09/07 - 31/03/08 ZERO COUPON EUR 7 030 456.24 453.60 119 7.73 7.69 59 IT0003877708 B.T.P. 05/08 TF 2.50% EUR 12 604 870.85 867.62 113 7.78 7.75 112 IT0001224309 B.T.P. 98/08 TF 5% ITL 6 921 383.62 384.27 85 4.74 4.74 81 IT0004290018 B.O.T. 15/11/2007 - 14/11/2008 ZERO COUPON EUR 12 630 790.07 777.23 57 3.57 3.52 221 IT0004246580 B.O.T. 31/07/2007 - 31/01/2008 ZERO COUPON EUR 693 84.99 84.82 36 4.47 4.46 19 IT0004309180 B.O.T. 31/01/2008-31/07/2008 ZERO COUPON EUR 11 646 736.74 727.04 92 5.80 5.72 127 IT0004254048 B.O.T. 31/08/2007 - 29/02/2008 ZERO COUPON EUR 1 641 189.32 188.60 41 4.73 4.72 40 IT0004179153 B.O.T. 15/2/2007 - 15/2/2008 ZERO COUPON EUR 922 113.95 113.60 31 3.80 3.79 30 IT0004391030 B.O.T. 15/07/08 - 15/10/08 ZERO COUPON EUR 4 000 376.88 373.68 62 5.80 5.75 65 IT0004246606 B.O.T. 16/07/2007 - 15/07/2008 ZERO COUPON EUR 8 346 689.55 681.89 62 5.15 5.09 134 IT0003097109 C.C.T. 01/08 TV EUR 3 884 340.25 340.36 66 5.77 5.77 59 IT0004363187 B.O.T. 30/05/2008 - 28/11/2008 ZERO COUPON EUR 10 543 796.38 786.76 82 6.17 6.10 129 IT0004375397 B.O.T. 16/06/2008 - 28/11/2008 ZERO COUPON EUR 4 403 506.92 501.99 37 4.30 4.25 118 IT0004254030 B.O.T. 15/08/2007 - 15/08/2008 ZERO COUPON EUR 6 689 319.61 315.55 43 2.04 2.01 157 IT0004327950 B.O.T. 15/02/2008 - 30/06/2008 ZERO COUPON EUR 6 000 736.44 730.48 65 7.92 7.85 93 IT0004051055 C.T.Z. 28/04/2006 - 30/05/2008 ZERO COUPON EUR 12 547 1 336.49 1 324.36 124 13.23 13.11 101 IT0004219546 B.O.T. 16/04/2007 - 15/04/2008 ZERO COUPON EUR 4 507 517.46 513.85 64 7.39 7.34 70 IT0004274038 B.O.T. 14/09/07 - 15/09/08 ZERO COUPON EUR 13 358 1 024.88 1 010.99 75 5.79 5.71 177 IT0004343809 B.O.T. 31/03/2008 - 30/09/2008 ZERO COUPON EUR 14 121 1 179.64 1 164.26 109 9.14 9.03 129

DOMESTIC MOT

IT0003386767 BANCA NAZ LAVORO 03/08 ONE COUPON EUR 16 0.36 0.47 3 0.06 0.08 6 IT0003468607 UNICREDIT EX CAPITALIA 03/08 MULTI COUPON EUR 798 13.86 13.89 6 0.10 0.10 138 IT0000022415 CARIPLO 70/08 TF 6% ITL 1 0.01 0.01 0 0.00 0.00 149 IT0003433973 UNICREDIT EX CAPITALIA 03/08 MULTI COUPON EUR 331 3.76 3.79 4 0.04 0.04 93 IT0003539985 BANCA INTESA 03/08 TV EUR 6 408 108.49 110.05 72 1.22 1.24 89 IT0001296109 MONTE PASCHI SIENA 99/09 TF 4% EUR 2 637 38.50 38.37 11 0.15 0.15 251 IT0003492375 CREDEM 03/08 ONE COUPON EUR 1 035 10.78 12.59 6 0.06 0.07 177 IT0001230884 BANCA COMMERCIALE ITALIANA 98/08 TV SUB ITL 211 1.13 1.13 2 0.01 0.01 102 IT0001223202 MONTE PASCHI SIENA 98/08 TF 5 % ITL 237 3.77 3.77 3 0.05 0.05 81 IT0001259800 BANCA D'INTERMEDIAZIONE MOBILIARE IMI 98/08 MULTI COUPON USD 6 0.16 0.16 0 0.00 0.00 184 IT0001239042 MONTE PASCHI SIENA 98/08 TV ITL 185 4.11 4.09 2 0.03 0.03 123 IT0000568953 UNICREDIT EX CAPITALIA 96/08 ZERO COUPON ITL 355 13.48 13.39 7 0.27 0.27 50 IT0001276416 MEDIOBANCA 98/08 ONE COUPON ITL 178 2.08 3.05 1 0.01 0.01 224 IT0000020237 MONTE PASCHI SIENA 73/08 TF 6% ITL - - - - - - 150 IT0003430102 BANCA INTESA 03/08 MULTICOUPON EUR 232 2.18 2.18 4 0.04 0.04 54 IT0003148894 SAN PAOLO IMI 01/08 TITOLO CON CEDOLA TF SUB 5,55% EUR 1 833 29.88 30.02 13 0.21 0.21 145 IT0003755177 CREDITO EMILIANO 04/08 TF 1.70% EUR - - - - - - 40 IT0003550339 BANCA INTESA 03/08 TV EUR 6 420 103.50 104.28 72 1.16 1.17 89 IT0003452742 MEDIOBANCA 03/08 TV EUR 244 3.62 3.76 3 0.04 0.05 81 IT0003033948 UBI BANCA 00/08 TV SUB EUR 1 404 19.70 19.72 6 0.09 0.09 224 IT0004152424 BANCAPULIA 06/08 TV EUR 722 18.55 18.56 3 0.08 0.08 241 IT0006563974 BAYERISCHE HYPO-UND VEREINSBANK 03/08 MULTICOUPON EUR 2 822 35.86 35.39 13 0.16 0.16 219 IT0001230843 MONTE PASCHI SIENA 98/08 TV ITL 50 0.55 0.67 0 0.00 0.01 123


Year 2008 • 65

TURN

OVER



IT0000022423 CARIPLO 74/09 TF 7% ITL - - - - - - 149 IT0001204921 MONTE PASCHI SIENA 98/08 TF 5.35% ITL 31 0.80 0.80 2 0.04 0.04 19 IT0003783385 BANCA INTESA 05/08 TV EUR 88 1.78 1.87 5 0.09 0.10 19 IT0003490528 BANCA INTESA 03/08 TV EUR 5 861 127.31 129.51 44 0.96 0.97 133 IT0006589573 ABN AMRO BANK 05/15 MULTI COUPON EUR 65 1.94 1.99 0 0.01 0.01 253 IT0000018363 CARIPLO 69/08 TF 6% ITL - - - - - - 149 IT0000112935 BANCO DI NAPOLI 83/08 TF 16% ITL - - - - - - 128 IT0003455919 BANCA INTESA 03/08 TV EUR 2 145 43.27 44.12 24 0.49 0.50 89 IT0001194726 MEDIOCREDITO LOMBARDO 98/08 REVERSE ITL 14 0.12 0.12 1 0.01 0.01 10 IT0001196853 MEDIOBANCA 98/08 TRASFORMABILE ITL 78 1.39 1.39 5 0.09 0.09 15 IT0001200382 BANCA COMMERCIALE ITALIANA 98/08 TV SUB ITL 13 0.12 0.12 0 0.00 0.00 102 IT0003536825 BANCA INTESA 03/08 MULTI COUPON EUR 7 529 107.63 107.10 57 0.81 0.81 133 IT0006558503 BAYERISCHE HYPO-UND VEREINSBANK 03/08 MULTICOUPON EUR 1 064 10.23 10.22 5 0.05 0.05 219 IT0003471676 BANCA INTESA 03/08 ONE COUPON EUR 132 0.93 1.18 1 0.01 0.01 105 IT0001261012 INTERBANCA 98/13 REVERSE ITL 567 7.35 7.26 3 0.04 0.04 189 IT0003747554 UNICREDITO ITALIANO 04/08 STEP COUPON EUR 270 7.31 7.26 1 0.03 0.03 221 IT0003406284 UNICREDIT EX CAPITALIA 03/08 MULTI COUPON EUR 397 5.74 5.91 3 0.04 0.04 138 IT0001224101 MEDIOBANCA 98/08 RUSSIA ITL 4 617 82.89 81.23 19 0.34 0.33 244 IT0001254330 CENTROBANCA 98/08 TV ITL 88 1.17 1.17 1 0.01 0.01 166 IT0003173199 SAN PAOLO IMI 01/08 TITOLO CON CEDOLA TF SUB 5,16% EUR 1 332 20.24 20.31 7 0.11 0.11 189 IT0003489140 BANCA INTESA 03/08 MULTI COUPON EUR 1 204 13.47 13.65 9 0.10 0.10 133 IT0003417067 MEDIOBANCA 03/08 TV EUR 216 9.67 9.91 6 0.25 0.26 38 IT0001280137 MEDIOCREDITO CENTRALE 98/08 MULTI COUPON ITL 752 8.33 9.04 3 0.04 0.04 231 IT0006561879 BAYERISCHE HYPO-UND VEREINSBANK 03/08 MULTICOUPON EUR 1 403 17.95 17.88 6 0.08 0.08 219

EUROBONDS AND ABSs

XS0156020587 B.E.I. 02/08 TF 4.50% GBP 1 946 58.32 58.06 10 0.29 0.28 204 XS0167720977 REPUBLIC OF ITALY 03/08 TITOLO CON CEDOLA TF 3,25% USD 216 7.45 7.45 3 0.09 0.09 83 IT0003505440 ABS S.C.C.I S.P.A. - SERIE 7 - 03/15 TV EUR 426 25.04 25.03 3 0.17 0.17 145 FR0109136137 BTAN 05/08 TF 3,50% EUR 8 0.49 0.49 0 0.00 0.00 175 US465410BH09 REPUBLIC OF ITALY 03/08 TF 2,5% USD 530 25.76 25.74 4 0.19 0.19 133 US465410BP25 REPUBLIC OF ITALY 05/08 TF 4% USD 362 9.04 9.06 3 0.08 0.08 112 US298785DH66 B.E.I. 05/08 TF 3.50% USD 51 0.87 0.87 1 0.02 0.02 49 XS0083538594 B.E.I. 98/08 TF 5,75% USD 2 0.03 0.03 0 0.00 0.00 6 GR0110017192 GGB 05/08 TF 2.90% EUR 26 0.98 0.97 0 0.01 0.01 117 DE0001137131 SCHATZ 06/08 TF 3.00% EUR 8 0.36 0.36 0 0.01 0.01 49 IT0003953350 ABS S.C.C.I. S.P.A. - SERIE 7A - 05/16 TV EUR 33 18.47 18.47 0 0.13 0.13 145 XS0144934766 B.E.I. 02/08 TF 5,50% USD 196 4.97 5.01 1 0.02 0.02 241 DE0001141430 BOBL 03/08 TF 3,50% EUR 571 49.63 49.52 3 0.25 0.25 195 XS0276983102 DRESDNER BANK AG 06/13 TF 4,20% EUR 88 2.01 1.99 0 0.01 0.01 231 DE0001137149 SCHATZ 06/08 TF 3,25% EUR 11 6.31 6.30 0 0.06 0.06 111 XS0087629886 REPUBLIC OF ITALY 98/08 TF 6% USD 287 10.10 10.14 3 0.10 0.10 100 DE0001141414 BOBL 02/08 TF 4,25% EUR 19 1.56 1.56 1 0.05 0.05 29 XS0083479484 B.E.I. 98/08 TF 6,25% GBP 790 28.99 29.16 3 0.12 0.12 236 US298785CW43 B.E.I. 03/08 TF 3,00% USD 390 8.38 8.38 3 0.07 0.07 112 ES0000011652 OBL.ES 98/08 TF 6% EUR 11 0.35 0.35 1 0.02 0.02 18 DE0001137164 SCHATZ 06/08 TF 3.75% EUR 92 5.25 5.26 0 0.02 0.02 240 XS0085317146 B.E.I. 98/08 TF 5% EUR 163 4.92 4.93 2 0.07 0.07 69 DE0001137156 SCHATZ 06/08 TF 3,50% EUR 68 3.30 3.30 0 0.02 0.02 175 DE0001141422 BOBL 03/08 TF 3,00% EUR 95 10.30 10.28 1 0.15 0.15 67 XS0090848275 B.E.I 98/08 TF 5,375% USD 348 10.27 10.38 2 0.06 0.06 177 US298785DM51 B.E.I. 05/08 TF 3.875% USD 197 7.89 7.93 1 0.05 0.05 156

TOTAL 3 050 774 179 676.73 176 518.22

TURN

OVE


Year 2008 • 66

ETF PLUS TRADING JANUARY-DECEMBER 2008ISIN NAME BENCHMARK TOTAL DAILY AVERAGE Listing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Contracts Quantity Turnover Contr. Quant. Turnover dayseur eur

ETFS

DB X-TRACKERS DJ EURO STOXX 50 SHORT ETF EQUITY SHORT 63 349 41 756 751 1 624 290 645 250 165 046 6 420 121 253DB X-TRACKERS DJ STOXX 600 BANKS SHORT ETF EQUITY SHORT 5 432 1 236 146 48 846 581 27 6 243 246 700 198DB X-TRACKERS DJ STOXX 600 HEALTH CARE SHORT ETF EQUITY SHORT 202 135 486 6 629 898 1 684 33 484 198DB X-TRACKERS DJ STOXX 600 OIL & GAS SHORT ETF EQUITY SHORT 1 843 1 386 657 44 602 073 9 7 003 225 263 198DB X-TRACKERS DJ STOXX 600 TECHNOLOGY SHORT ETF EQUITY SHORT 642 433 351 12 691 343 3 2 189 64 098 198DB X-TRACKERS DJ STOXX 600 TELECOMMUNIC SHORT ETF EQUITY SHORT 353 202 936 7 026 361 2 1 025 35 487 198DB X-TRACKERS II SHORT IBOXX SOVER EUROZ TRI ETF BOND SHORT 163 19 967 2 398 685 1 155 18 594 129DB X-TRACKERS S&P 500 SHORT ETF EQUITY SHORT 5 153 1 375 327 71 892 467 26 6 842 357 674 201DB X-TRACKERS SHORTDAX ETF EQUITY SHORT 27 973 13 427 940 1 018 903 553 111 53 075 4 027 287 253LYXOR ETF DAXPLUS COVERED CALL BUYWRITE - COVERED CALL 185 201 436 10 565 518 1 796 41 761 253LYXOR ETF DAXPLUS PROTECTIVE PUT PROTECTIVE PUT 321 295 812 11 172 079 1 1 169 44 158 253LYXOR ETF DJ EURO STOXX 50 BUYWRITE BUYWRITE - COVERED CALL 1 132 2 710 303 35 791 215 4 10 713 141 467 253LYXOR ETF LEVDAX LEVERAGED LONG 31 381 18 419 679 748 129 393 124 72 805 2 957 033 253LYXOR ETF LEVERAGED DJ EURO STOXX 50 LEVERAGED LONG 18 290 12 950 272 303 710 980 72 51 187 1 200 439 253LYXOR ETF SHORT STRATEGY EUROPE (ON DJ STOXX 600) EQUITY SHORT 184 26 091 3 177 511 3 466 56 741 56SGAM ETF BEAR S&P/MIB SEMI-ACTIVE 2 905 790 294 37 572 611 13 3 512 166 989 225SGAM ETF LEVERAGED S&P/MIB SEMI-ACTIVE 26 984 12 017 094 215 738 655 120 53 409 958 838 225SGAM ETF XBEAR S&P/MIB SEMI-ACTIVE 49 336 10 701 085 631 014 459 219 47 560 2 804 509 225

ETF

B1 - ETHICAL INDEX EURO EQUITY EUROPE 548 143 802 11 199 712 2 568 44 268 253B1 - MSCI EURO EQUITY EUROPE (EURO ZONE) 819 120 938 13 442 925 3 478 53 134 253B1 - MSCI PAN EURO EQUITY EUROPE 583 108 480 11 670 797 2 429 46 130 253CASAM ETF S&P EURO FUND EQUITY EUROPE (EURO ZONE) 992 281 662 38 215 862 4 1 113 151 051 253CASAM ETF S&P EUROPE 350 FUND EQUITY EUROPE 2 983 401 254 53 532 176 12 1 586 211 590 253DB X-TRACKERS DJ EURO STOXX SELECT DIVIDEND 30 ETF STYLE 570 739 771 17 214 303 2 2 924 68 041 253DB X-TRACKERS DJ STOXX 600 BANKS ETF EQUITY SECTORS INDEX 1 422 1 252 675 55 945 500 6 4 951 221 128 253DB X-TRACKERS DJ STOXX 600 BASIC RESOURCES ETF EQUITY SECTORS INDEX 600 845 941 66 367 135 2 3 344 262 321 253DB X-TRACKERS DJ STOXX 600 FOOD AND BEVERAGE ETF EQUITY SECTORS INDEX 113 160 690 6 015 571 0 635 23 777 253DB X-TRACKERS DJ STOXX 600 HEALT CARE ETF EQUITY SECTORS INDEX 203 302 767 13 717 039 1 1 197 54 218 253DB X-TRACKERS DJ STOXX 600 INDUSTRIAL GOODS ETF EQUITY SECTORS INDEX 153 286 874 9 459 856 1 1 134 37 391 253DB X-TRACKERS DJ STOXX 600 INSURANCE ETF EQUITY SECTORS INDEX 149 280 434 7 188 105 1 1 108 28 411 253DB X-TRACKERS DJ STOXX 600 OIL & GAS ETF EQUITY SECTORS INDEX 594 545 865 30 245 933 2 2 158 119 549 253DB X-TRACKERS DJ STOXX 600 TECHNOLOGY ETF EQUITY SECTORS INDEX 218 437 747 11 586 843 1 1 730 45 798 253DB X-TRACKERS DJ STOXX 600 TELECOMMUNICATIONS ETF EQUITY SECTORS INDEX 161 245 654 9 836 584 1 971 38 880 253DB X-TRACKERS DJ STOXX 600 UTILITIES ETF EQUITY SECTORS INDEX 200 222 918 15 085 505 1 881 59 627 253DB X-TRACKERS DJ STOXX GLOBAL SELECT DIVIDEND 100 STYLE 815 572 638 12 756 070 3 2 263 50 419 253DB X-TRACKERS FTSE VIETNAM ETF EMERGING MARKETS 4 270 693 876 23 162 386 21 3 452 115 236 201DB X-TRACKERS FTSE/XINHUA CHINA 25 ETF EQUITY CHINA 7 817 19 484 833 397 902 125 31 77 015 1 572 736 253DB X-TRACKERS II EMERG MARKETS LIQUID EURB IND ETF GOVERNMENT BONDS (EMERGING) 200 27 192 4 904 714 2 211 38 021 129DB X-TRACKERS II EONIA TRI (CLASSE 1C) LIQUIDITY 16 980 28 034 112 3 802 677 211 67 110 807 15 030 345 253DB X-TRACKERS II EONIA TRI (CLASSE 1D) LIQUIDITY 1 223 2 537 477 341 528 542 7 15 472 2 082 491 164DB X-TRACKERS II FED FUNDS EFFECTIVE RATE TRI ETF LIQUIDITY 3 243 1 208 200 139 744 684 14 5 163 597 200 234DB X-TRACKERS II IBOXX SOVEREIGNS EUROZ 25+ TRI GOVERNMENT BONDS (EURO) 150 66 473 10 487 990 1 263 41 455 253DB X-TRACKERS II IBOXX EURO INFLATION-LINKED TRI GOVERNMENT BONDS (EURO) 213 133 071 20 458 583 1 526 80 864 253DB X-TRACKERS II IBOXX GLOBAL INFLATION-LINKED TRI GOVERNMENT BONDS (GLOBAL) 1 765 597 267 92 625 300 7 2 361 366 108 253DB X-TRACKERS II IBOXX SOVEREIGNS EUROZ 1-3 TRI GOVERNMENT BONDS (EURO) 1 470 585 117 82 254 425 6 2 313 325 116 253DB X-TRACKERS II IBOXX SOVEREIGNS EUROZ 10-15 TRI GOVERNMENT BONDS (EURO) 42 149 055 22 923 300 0 589 90 606 253DB X-TRACKERS II IBOXX SOVEREIGNS EUROZ 15+ TRI GOVERNMENT BONDS (EURO) 74 232 339 37 906 655 0 918 149 829 253DB X-TRACKERS II IBOXX SOVEREIGNS EUROZ 3-5 TRI GOVERNMENT BONDS (EURO) 154 161 972 23 800 388 1 640 94 073 253DB X-TRACKERS II IBOXX SOVEREIGNS EUROZ 5-7 TRI GOVERNMENT BONDS (EURO) 72 77 733 11 725 202 0 307 46 345 253DB X-TRACKERS II IBOXX SOVEREIGNS EUROZ 7-10 TRI GOVERNMENT BONDS (EURO) 77 42 140 6 345 023 0 167 25 079 253DB X-TRACKERS II IBOXX SOVEREIGNS EUROZONE TR GOVERNMENT BONDS (EURO) 420 217 064 32 056 274 2 858 126 705 253DB X-TRACKERS II ITRAXX CROSSOVER 5-YEAR ETF CREDIT INDICES 24 4 836 454 766 0 43 4 060 112DB X-TRACKERS II ITRAXX CROSSOVER 5-YEAR SHORT ETF CREDIT INDICES 16 1 285 140 594 0 11 1 255 112DB X-TRACKERS II ITRAXX EU SEN FINAN 5-Y SHORT ETF CREDIT INDICES 1 25 2 760 0 4 460 6


Year 2008 • 67

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DB X-TRACKERS II ITRAXX EU SEN FINANCIALS 5-Y ETF CREDIT INDICES 1 20 2 074 0 3 346 6DB X-TRACKERS II ITRAXX EU SUB FINAN 5-Y SHORT ETF CREDIT INDICES 1 25 2 798 0 4 466 6DB X-TRACKERS II ITRAXX EU SUB FINANCIALS 5-Y ETF CREDIT INDICES - - - - - - 6DB X-TRACKERS II ITRAXX EUROPE 5-YEAR ETF CREDIT INDICES 55 73 753 7 588 947 0 659 67 758 112DB X-TRACKERS II ITRAXX EUROPE 5-YEAR SHORT ETF CREDIT INDICES 8 40 036 4 360 573 0 357 38 934 112DB X-TRACKERS II ITRAXX HIVOL 5-YEAR ETF CREDIT INDICES 20 8 019 770 739 0 72 6 882 112DB X-TRACKERS II ITRAXX HIVOL 5-YEAR SHORT ETF CREDIT INDICES 31 10 459 1 202 233 0 93 10 734 112DB X-TRACKERS II SONIA TOTAL RETURN INDEX ETF LIQUIDITY 493 413 351 96 873 914 2 1 766 413 991 234DB X-TRACKERS LPX MM PRIVATE EQUITY ETF PRIVATE EQUITY 103 100 339 2 469 789 1 499 12 288 201DB X-TRACKERS MSCI BRAZIL TRN INDEX ETF EMERGING MARKETS 5 220 8 799 688 368 545 723 21 34 781 1 456 702 253DB X-TRACKERS MSCI EM ASIA TRN INDEX ETF EMERGING MARKETS 988 2 740 720 53 590 477 4 10 833 211 820 253DB X-TRACKERS MSCI EM EMEA TRN INDEX ETF EMERGING MARKETS 828 550 444 12 139 481 3 2 176 47 982 253DB X-TRACKERS MSCI EM LATAM TRN INDEX ETF EMERGING MARKETS 2 423 3 531 571 125 463 347 10 13 959 495 903 253DB X-TRACKERS MSCI EMERGING MARKETS TRN INDEX ETF EMERGING MARKETS 3 782 7 501 622 178 783 965 15 29 651 706 656 253DB X-TRACKERS MSCI EUROPE MID CAP TRN INDEX ETF MID CAP EQUITY 20 22 691 1 149 414 0 113 5 718 201DB X-TRACKERS MSCI EUROPE SMALL CAP TRN INDEX ETF SMALL CAP EQUITY 48 12 651 167 769 0 63 835 201DB X-TRACKERS MSCI KOREA TRN INDEX ETF EMERGING MARKETS 1 677 5 850 651 182 977 278 7 23 125 723 230 253DB X-TRACKERS MSCI RUSSIA CAPPED INDEX ETF EQUITY EASTERN EUROPE 2 184 3 580 227 84 227 648 11 17 812 419 043 201DB X-TRACKERS MSCI TAIWAN TRN INDEX ETF EMERGING MARKETS 1 615 6 064 121 61 739 961 6 23 969 244 031 253DB X-TRACKERS S&P CNX NIFTY ETF EMERGING MARKETS 1 630 1 667 371 117 218 905 6 6 590 463 316 253DB X-TRACKERS S&P GLOBAL INFRASTRUCTURE ETF EQUITY SECTORS INDEX 169 108 296 2 123 941 1 539 10 567 201DB X-TRACKERS S&P SELECT FRONTIER ETF EMERGING MARKETS 821 290 278 3 335 551 4 1 444 16 595 201DB X-TRACKERS S&P/ASX 200 ETF EQUITY PACIFIC 1 040 2 495 758 44 962 663 5 12 417 223 695 201DB-X-TRACKERS DJ EUROSTOXX 50 ETF (EURO) EQUITY EUROPE (EURO ZONE) 6 005 13 556 378 422 447 704 24 53 583 1 669 754 253DB-X-TRACKERS MSCI EUROPE TRN INDEX ETF (USD) EQUITY EUROPE 4 407 8 609 161 284 997 296 17 34 028 1 126 472 253DB-X-TRACKERS MSCI JAPAN TRN INDEX ETF (USD) EQUITY PACIFIC 3 534 5 348 921 151 848 981 14 21 142 600 194 253DB-X-TRACKERS MSCI USA TRN INDEX ETF (USD) EQUITY USA 3 546 11 216 273 212 511 143 14 44 333 839 965 253DB-X-TRACKERS MSCI WORLD TRN INDEX ETF (USD) EQUITY WORLD 1 532 1 956 408 38 409 602 6 7 733 151 817 253DB-X-TRACKERS S&P/MIB INDEX ETF (EURO) EQUITY ITALY 2 238 3 109 418 92 616 297 9 12 290 366 072 253DB-X-TRACKERS SMI ETF (CHF) EQUITY SWISS 1 392 3 339 284 144 559 571 6 13 199 571 382 253EASY ETF DJ EUROSTOXX EQUITY EUROPE (EURO ZONE) 293 31 489 7 771 603 1 124 30 718 253EASY ETF IBOXX LIQUID SOVEREIGNS EXTRA SHORT GOVERNMENT BONDS (EURO) 196 188 752 26 198 990 1 746 103 553 253EASY ETF IBOXX LIQUID SOVEREIGNS GLOBAL GOVERNMENT BONDS (EURO) 90 180 628 26 985 739 0 714 106 663 253EASY ETF IBOXX LIQUID SOVEREIGNS LONG GOVERNMENT BONDS (EURO) 78 157 742 24 407 798 0 623 96 474 253EASYETF FTSE EPRA EUROZONE REAL ESTATE 291 13 792 2 644 183 1 55 10 451 253EASYETF S&P GSCI ULTRA LIGHT ENERGY COMMODITIES 521 74 794 19 521 994 2 296 77 162 253EASYETF S&P GSNE COMMODITIES 575 87 693 17 522 193 2 347 69 258 253ISHARES GOVERNMENT BOND 1-3 GOVERNMENT BONDS (EURO) 1 153 1 008 083 132 877 353 5 3 985 525 207 253ISHARES TREASURY BOND 1-3 GOVERNMENT BONDS (EX EURO) 5 196 1 917 040 172 313 676 21 7 577 681 082 253ISHARES $ CORPORATE BOND CORPORATE BOND (USD) 2 719 638 010 41 424 040 11 2 522 163 731 253ISHARES $ TIPS GOVERNMENT BONDS (EX EURO) 197 172 839 17 637 200 1 683 69 712 253ISHARES $ TREASURY BOND 7-10 GOVERNMENT BONDS (EX EURO) 1 223 326 587 36 533 809 5 1 291 144 402 253ISHARES DAX EQUITY EUROPE (EURO ZONE) 876 4 089 088 244 115 387 4 19 108 1 140 726 214ISHARES DJ ASIA/PACIFIC SELECT DIVIDEND STYLE 4 435 3 308 282 69 656 513 18 13 076 275 322 253ISHARES DJ EURO STOXX EQUITY EUROPE 233 519 894 15 784 571 1 2 429 73 760 214ISHARES DJ EURO STOXX 50 EQUITY EUROPE (EURO ZONE) 40 436 80 343 828 2 605 575 792 160 317 565 10 298 719 253ISHARES DJ EURO STOXX GROWTH STYLE 673 1 647 375 38 237 220 3 6 511 151 135 253ISHARES DJ EURO STOXX SELECT DIVIDEND STYLE 7 446 5 533 867 142 757 554 29 21 873 564 259 253ISHARES DJ EURO STOXX SMALLCAP SMALL CAP EQUITY 2 301 1 782 374 42 541 801 9 7 045 168 149 253ISHARES DJ EURO STOXX SUSTAINABILITY 40 EQUITY EUROPE (EURO ZONE) 60 114 727 1 267 333 0 536 5 922 214ISHARES DJ EURO STOXX VALUE STYLE 876 1 597 571 38 047 814 3 6 315 150 387 253ISHARES DJ EUROSTOXX MIDCAP MID CAP EQUITY 1 418 694 898 26 578 642 6 2 747 105 054 253ISHARES DJ STOXX 50 EQUITY EUROPE 8 150 20 659 820 569 487 852 32 81 659 2 250 940 253ISHARES DJ STOXX 600 EQUITY EUROPE 246 186 859 5 130 223 1 873 23 973 214ISHARES DJ STOXX 600 AUTOMOBILES E PARTS SWAP EQUITY SECTORS INDEX 27 66 262 2 421 987 0 310 11 318 214ISHARES DJ STOXX 600 BANKS SWAP EQUITY SECTORS INDEX 139 174 152 8 501 462 1 814 39 726 214ISHARES DJ STOXX 600 BASIC RESOURCES SWAP EQUITY SECTORS INDEX 220 495 708 38 721 883 1 2 316 180 943 214ISHARES DJ STOXX 600 CHEMICALS SWAP EQUITY SECTORS INDEX 24 34 226 2 633 942 0 160 12 308 214ISHARES DJ STOXX 600 CONSTRUCTION E MATERIALS SWAP EQUITY SECTORS INDEX 19 193 8 867 0 1 41 214

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Year 2008 • 68



ISHARES DJ STOXX 600 FINANCIAL SERVICES SWAP EQUITY SECTORS INDEX 33 7 101 330 172 0 33 1 543 214ISHARES DJ STOXX 600 FOOD E BEVERAGE SWAP EQUITY SECTORS INDEX 21 2 069 88 356 0 10 413 214ISHARES DJ STOXX 600 HEALTH CARE SWAP EQUITY SECTORS INDEX 38 26 987 1 287 216 0 126 6 015 214ISHARES DJ STOXX 600 INDUSTRIAL GOODS E SERV SWAP EQUITY SECTORS INDEX 37 36 214 1 494 209 0 169 6 982 214ISHARES DJ STOXX 600 INSURANCE SWAP EQUITY SECTORS INDEX 45 56 778 1 536 254 0 265 7 179 214ISHARES DJ STOXX 600 MEDIA SWAP EQUITY SECTORS INDEX 19 1 322 31 191 0 6 146 214ISHARES DJ STOXX 600 OIL E GAS SWAP EQUITY SECTORS INDEX 82 18 715 1 170 919 0 87 5 472 214ISHARES DJ STOXX 600 PERSONAL E HOUSEH GOODS SWAP EQUITY SECTORS INDEX 15 2 300 114 235 0 11 534 214ISHARES DJ STOXX 600 RETAIL SWAP EQUITY SECTORS INDEX 20 40 316 1 373 542 0 188 6 418 214ISHARES DJ STOXX 600 TECHNOLOGY SWAP EQUITY SECTORS INDEX 53 43 156 1 246 833 0 202 5 826 214ISHARES DJ STOXX 600 TELECOMMUNICATIONS SWAP EQUITY SECTORS INDEX 36 1 071 43 033 0 5 201 214ISHARES DJ STOXX 600 TRAVEL & LEISURE SWAP EQUITY SECTORS INDEX 34 101 775 2 057 632 0 476 9 615 214ISHARES DJ STOXX 600 UTILITIES SWAP EQUITY SECTORS INDEX 26 31 182 2 521 793 0 146 11 784 214ISHARES DJ STOXX EU ENLARGED 15 EQUITY EUROPE 82 100 470 3 202 838 0 469 14 967 214ISHARES DJ STOXX LARGE 200 EQUITY EUROPE 82 32 967 988 538 0 154 4 619 214ISHARES DJ STOXX MID 200 MID CAP EQUITY 30 20 535 569 135 0 96 2 660 214ISHARES DJ STOXX SELECT DIVIDEND 30 STYLE 95 55 478 1 087 907 0 259 5 084 214ISHARES DJ STOXX SMALL 200 SMALL CAP EQUITY 42 13 854 221 452 0 65 1 035 214ISHARES DOW JONES U.S. SELECT DIVIDEND STYLE 253 263 020 7 127 690 1 1 229 33 307 214ISHARES DOW JONES-AIG COMMODITY SWAP COMMODITIES 98 14 457 456 178 0 68 2 132 214ISHARES EB.REXX JUMBO PFANDBRIEFE CORPORATE BOND (EURO) 233 378 834 39 131 729 1 1 770 182 859 214ISHARES EUR CORPORATE BOND CORPORATE BOND (EURO) 10 900 2 868 951 322 783 330 43 11 340 1 275 823 253ISHARES EURO GOVERNMENT BOND 15-30 GOVERNMENT BONDS (EURO) 298 185 289 27 706 879 1 732 109 513 253ISHARES EURO GOVERNMENT BOND 3-5 GOVERNMENT BONDS (EURO) 532 448 211 62 341 661 2 1 772 246 410 253ISHARES EURO GOVERNMENT BOND 7-10 GOVERNMENT BONDS (EURO) 639 391 620 57 080 832 3 1 548 225 616 253ISHARES EURO INFLATION LINKED BOND GOVERNMENT BONDS (EURO) 2 008 1 062 051 172 721 717 8 4 198 682 695 253ISHARES FTSE 100 EQUITY UNITED KINGDOM 3 658 30 353 000 195 056 980 14 119 972 770 976 253ISHARES FTSE BRIC 50 EMERGING MARKETS 6 318 3 505 668 68 866 692 25 13 856 272 200 253ISHARES FTSE EPRA/NAREIT ASIA PROPERTY YIELD FUND REAL ESTATE 862 683 777 11 667 096 3 2 703 46 115 253ISHARES FTSE EPRA/NAREIT GLOBAL PROPERTY YIELD FUN REAL ESTATE 470 503 795 6 461 759 2 1 991 25 541 253ISHARES FTSE EPRA/NAREIT UK PROPERTY FUND REAL ESTATE 269 1 324 118 8 225 548 1 5 234 32 512 253ISHARES FTSE EPRA/NAREIT US PROPERTY YIELD FUND REAL ESTATE 806 2 083 276 22 584 996 3 8 234 89 269 253ISHARES FTSE UK ALL STOCKS GILT GOVERNMENT BONDS (EX EURO) 790 1 553 989 19 773 180 3 6 142 78 155 253ISHARES FTSE UK DIVIDEND PLUS STYLE 1 411 2 761 783 27 451 726 6 10 916 108 505 253ISHARES FTSE/EPRA EUROPEAN PROPERTY INDEX FUND REAL ESTATE 1 128 1 017 213 23 638 828 4 4 021 93 434 253ISHARES FTSE/MACQUARIE GLOBAL INFRASTRUCTURE 100 EQUITY SECTORS INDEX 714 1 833 018 32 799 342 3 7 245 129 642 253ISHARES FTSE/XINHUA CHINA 25 EQUITY CHINA 50 083 6 773 365 553 575 340 198 26 772 2 188 045 253ISHARES FTSEUROFIRST 100 EQUITY EUROPE 529 1 176 077 25 042 731 2 4 649 98 983 253ISHARES FTSEUROFIRST 80 EQUITY EUROPE (EURO ZONE) 440 1 491 441 14 471 761 2 5 895 57 201 253ISHARES MSCI AC FAR EAST EX-JAPAN EMERGING MARKETS 3 013 3 344 016 78 314 686 12 13 217 309 544 253ISHARES MSCI BRAZIL EMERGING MARKETS 47 394 19 106 307 700 383 440 187 75 519 2 768 314 253ISHARES MSCI EASTERN EUROPE EQUITY EASTERN EUROPE 5 781 5 648 580 127 521 252 23 22 326 504 037 253ISHARES MSCI EMERGING MARKETS EMERGING MARKETS 21 098 15 958 437 392 437 669 83 63 077 1 551 137 253ISHARES MSCI EUROPE EQUITY EUROPE 759 3 097 418 48 360 589 4 15 565 243 018 199ISHARES MSCI EUROPE EX UK EQUITY EUROPE 609 2 321 954 53 304 378 2 9 178 210 689 253ISHARES MSCI JAPAN EQUITY PACIFIC 34 887 83 822 502 646 338 871 138 331 314 2 554 699 253ISHARES MSCI KOREA EMERGING MARKETS 3 677 4 608 578 86 933 132 15 18 216 343 609 253ISHARES MSCI LATIN AMERICA EMERGING MARKETS 854 3 080 569 43 213 151 4 15 480 217 152 199ISHARES MSCI NORTH AMERICA EQUITY USA 1 461 3 308 523 49 550 468 6 13 077 195 852 253ISHARES MSCI TAIWAN EMERGING MARKETS 3 029 4 006 632 83 892 540 12 15 836 331 591 253ISHARES MSCI TURKEY EMERGING MARKETS 3 792 1 705 775 35 785 489 15 6 742 141 445 253ISHARES MSCI WORLD EQUITY WORLD 3 689 8 088 535 146 973 698 15 31 970 580 924 253ISHARES S&P 500 EQUITY USA 49 817 200 310 500 1 642 301 431 197 791 741 6 491 310 253ISHARES S&P GLOBAL CLEAN ENERGY THEMATIC 2 088 2 835 755 34 606 444 10 14 250 173 902 199ISHARES S&P GLOBAL WATER THEMATIC 1 849 1 218 306 19 615 900 7 4 815 77 533 253ISHARES S&P LISTED PRIVATE EQUITY PRIVATE EQUITY 70 109 851 1 216 210 0 434 4 807 253ISHARES S&P TIMBER & FORESTRY THEMATIC 357 514 390 6 112 773 2 2 585 30 717 199ISHARES S&P/MIB EQUITY ITALY 1 539 5 553 058 77 824 518 8 27 905 391 078 199JPMORGAN ETF GBI EMU GOVERNMENT BONDS (EURO) 1 272 3 191 609 328 650 625 5 12 615 1 299 014 253


Year 2008 • 69

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JPMORGAN ETF GBI EMU 1-3Y GOVERNMENT BONDS (EURO) 376 603 653 62 118 149 2 3 615 371 965 167JPMORGAN ETF GBI EMU 3-5Y GOVERNMENT BONDS (EURO) 175 184 762 18 271 658 1 1 106 109 411 167JPMORGAN ETF GBI EMU 5-7Y GOVERNMENT BONDS (EURO) 164 113 023 11 350 284 1 677 67 966 167JPMORGAN ETF GBI EMU 7-10Y GOVERNMENT BONDS (EURO) 646 853 576 87 284 436 4 5 111 522 661 167JPMORGAN ETF GBI LOCAL US GOVERNMENT BONDS (EX EURO) 72 16 034 1 748 752 1 276 30 151 58LYXOR ETF MSCI WORLD EQUITY WORLD 3 315 1 617 799 140 465 542 13 6 394 555 200 253LYXOR ETF BRAZIL (IBOVESPA) (QUOTE A) EMERGING MARKETS 22 479 9 271 065 193 733 646 89 36 645 765 746 253LYXOR ETF CHINA EQUITY CHINA 67 108 7 096 360 711 329 491 265 28 049 2 811 579 253LYXOR ETF COMMODITIES CRB COMMODITIES 9 753 6 115 299 149 164 320 39 24 171 589 582 253LYXOR ETF COMMODITIES CRB NON-ENERGY (QUOTE A) COMMODITIES 4 639 6 803 788 116 898 407 18 26 892 462 049 253LYXOR ETF DAX EQUITY GERMANY 21 261 47 902 630 2 928 222 700 84 189 338 11 574 003 253LYXOR ETF DJ EURO STOXX 50 EQUITY EUROPE (EURO ZONE) 43 213 92 711 755 3 013 517 023 171 366 450 11 911 134 253LYXOR ETF DJ GLOBAL TITANS 50 EQUITY WORLD 1 381 689 393 12 368 797 5 2 725 48 889 253LYXOR ETF DJ STOXX 600 AUTOMOBILES&PARTS EQUITY SECTORS INDEX 698 1 448 097 40 548 403 3 5 724 160 270 253LYXOR ETF DJ STOXX 600 BANKS EQUITY SECTORS INDEX 9 979 11 719 665 354 088 213 39 46 323 1 399 558 253LYXOR ETF DJ STOXX 600 BASIC RESOURCES EQUITY SECTORS INDEX 4 188 1 291 572 71 176 095 17 5 105 281 328 253LYXOR ETF DJ STOXX 600 CHEMICAL EQUITY SECTORS INDEX 1 283 448 990 20 898 806 5 1 775 82 604 253LYXOR ETF DJ STOXX 600 CONSTRUCTION & MATERIALS EQUITY SECTORS INDEX 228 275 141 8 531 036 1 1 088 33 720 253LYXOR ETF DJ STOXX 600 FINANCIAL SERVICES EQUITY SECTORS INDEX 410 102 798 3 366 817 2 406 13 308 253LYXOR ETF DJ STOXX 600 FOOD & BEVERAGE EQUITY SECTORS INDEX 1 025 734 775 19 649 687 4 2 904 77 667 253LYXOR ETF DJ STOXX 600 HEALTH CARE EQUITY SECTORS INDEX 3 227 2 414 894 85 527 411 13 9 545 338 053 253LYXOR ETF DJ STOXX 600 INDUSTRIAL GOODS & SERVICES EQUITY SECTORS INDEX 421 675 547 17 619 518 2 2 670 69 642 253LYXOR ETF DJ STOXX 600 INSURANCE EQUITY SECTORS INDEX 1 117 2 300 683 44 579 793 4 9 094 176 205 253LYXOR ETF DJ STOXX 600 MEDIA EQUITY SECTORS INDEX 117 279 370 4 938 603 0 1 104 19 520 253LYXOR ETF DJ STOXX 600 PERSONAL & HOUSEHOLD EQUITY SECTORS INDEX 164 60 927 1 795 591 1 241 7 097 253LYXOR ETF DJ STOXX 600 RETAIL EQUITY SECTORS INDEX 248 421 864 9 713 577 1 1 667 38 394 253LYXOR ETF DJ STOXX 600 TECHNOLOGY EQUITY SECTORS INDEX 641 518 232 11 895 721 3 2 048 47 019 253LYXOR ETF DJ STOXX 600 TELECOMMUNICATIONS EQUITY SECTORS INDEX 2 057 1 780 105 52 327 296 8 7 036 206 827 253LYXOR ETF DJ STOXX 600 TRAVEL & LEISURE EQUITY SECTORS INDEX 209 351 435 4 759 385 1 1 389 18 812 253LYXOR ETF DJ STOXX 600 UTILITIES EQUITY SECTORS INDEX 2 394 599 372 27 026 985 9 2 369 106 826 253LYXOR ETF DJ STOXX600 OIL&GAS EQUITY SECTORS INDEX 3 164 1 697 682 61 051 692 13 6 710 241 311 253LYXOR ETF DJ STOXX600 SELECT DIVIDEND 30 STYLE 1 860 1 527 538 31 270 165 7 6 038 123 597 253LYXOR ETF DOW JONES INDUSTRIAL AVERAGE EQUITY USA 3 678 1 361 140 101 712 959 15 5 380 402 028 253LYXOR ETF EASTERN EUROPE EQUITY EASTERN EUROPE 4 736 3 547 414 84 470 255 19 14 021 333 875 253LYXOR ETF EURO CASH LIQUIDITY 47 087 59 269 114 6 128 393 599 186 234 265 24 222 900 253LYXOR ETF EUROMTS 1-3Y GOVERNMENT BONDS (EURO) 11 991 9 986 865 1 072 067 800 47 39 474 4 237 422 253LYXOR ETF EUROMTS 10-15Y GOVERNMENT BONDS (EURO) 4 173 1 778 898 214 928 836 16 7 031 849 521 253LYXOR ETF EUROMTS 15+Y GOVERNMENT BONDS (EURO) 575 494 639 56 497 245 2 1 955 223 309 253LYXOR ETF EUROMTS 3-5Y GOVERNMENT BONDS (EURO) 8 616 5 195 303 597 926 794 34 20 535 2 363 347 253LYXOR ETF EUROMTS 5-7Y GOVERNMENT BONDS (EURO) 2 178 1 217 016 131 458 558 9 4 810 519 599 253LYXOR ETF EUROMTS 7-10Y GOVERNMENT BONDS (EURO) 2 538 2 390 398 255 082 997 10 9 448 1 008 233 253LYXOR ETF EUROMTS GLOBAL GOVERNMENT BONDS (EURO) 8 662 6 836 182 803 752 094 34 27 020 3 176 886 253LYXOR ETF EUROMTS INFLATION LINKED GOVERNMENT BONDS (EURO) 5 541 2 877 746 308 142 026 22 11 374 1 217 953 253LYXOR ETF FTSE 100 EQUITY UNITED KINGDOM 155 1 023 753 7 058 171 1 6 205 42 777 165LYXOR ETF FTSE RAFI EUROPE FUNDAMENTAL 411 110 757 4 959 357 2 438 19 602 253LYXOR ETF FTSE RAFI EUROZONE FUNDAMENTAL 274 47 066 2 442 658 1 186 9 655 253LYXOR ETF FTSE RAFI JAPAN (QUOTE A) FUNDAMENTAL 310 638 079 19 025 099 1 2 522 75 198 253LYXOR ETF FTSE RAFI US 1000 (QUOTE A) FUNDAMENTAL 902 494 410 16 682 982 4 1 954 65 941 253LYXOR ETF HONG KONG (HSI) (QUOTE A) EMERGING MARKETS 5 137 6 985 809 126 733 148 20 27 612 500 922 253LYXOR ETF JAPAN (TOPIX) EQUITY PACIFIC 3 287 1 207 231 92 031 495 13 4 772 363 761 253LYXOR ETF MSCI AC ASIA-PACIFIC EX JAPAN EMERGING MARKETS 4 479 3 780 919 103 742 525 18 14 944 410 050 253LYXOR ETF MSCI ASIA APEX 50 (QUOTE A) EMERGING MARKETS 95 124 692 4 480 779 3 3 370 121 102 37LYXOR ETF MSCI EM LATIN AMERICA (QUOTE A) EMERGING MARKETS 4 295 3 049 931 81 031 940 17 12 055 320 284 253LYXOR ETF MSCI EMERGING MARKETS (QUOTE A) EMERGING MARKETS 2 959 8 376 585 54 129 666 12 33 109 213 951 253LYXOR ETF MSCI EMU EQUITY EUROPE (EURO ZONE) 19 24 460 774 587 0 437 13 832 56LYXOR ETF MSCI EMU GROWTH STYLE 1 520 622 676 48 512 265 6 2 461 191 748 253LYXOR ETF MSCI EMU SMALL CAP SMALL CAP EQUITY 764 69 510 10 615 791 3 275 41 960 253LYXOR ETF MSCI EMU VALUE STYLE 1 673 380 447 50 179 680 7 1 504 198 339 253LYXOR ETF MSCI EUROPE EQUITY EUROPE 4 307 1 687 550 164 310 662 17 6 670 649 449 253

TURN

OVE


Year 2008 • 70



LYXOR ETF MSCI GREECE EQUITY EUROPE (EURO ZONE) 703 1 260 230 11 720 905 3 4 981 46 328 253LYXOR ETF MSCI INDIA (QUOTE A) EMERGING MARKETS 97 949 69 668 786 700 087 996 387 275 371 2 767 146 253LYXOR ETF MSCI KOREA (QUOTE A) EMERGING MARKETS 2 074 2 221 936 56 864 202 8 8 782 224 760 253LYXOR ETF MSCI MALAYSIA (QUOTE A) EMERGING MARKETS 112 221 112 1 764 722 1 1 843 14 706 120LYXOR ETF MSCI TAIWAN (QUOTE B) EMERGING MARKETS 326 920 078 5 209 696 2 4 743 26 854 194LYXOR ETF MSCI THAILAND (QUOTE A) EMERGING MARKETS 146 149 618 778 761 1 1 247 6 490 120LYXOR ETF MSCI USA EQUITY USA 2 499 1 214 828 95 640 624 10 4 802 378 026 253LYXOR ETF NASDAQ-100 EQUITY USA 6 324 20 478 203 97 847 151 25 80 942 386 748 253LYXOR ETF NEW ENERGY (QUOTE A) THEMATIC 7 144 1 089 898 36 064 215 29 4 449 147 201 245LYXOR ETF PAN AFRICA (QUOTE A) EMERGING MARKETS 427 124 091 814 748 7 1 939 12 730 64LYXOR ETF PRIVEX (QUOTE A) PRIVATE EQUITY 1 424 1 400 827 7 875 973 6 5 537 31 130 253LYXOR ETF RUSSIA (DJ RUSINDEX TITANS 10) EQUITY EASTERN EUROPE 28 879 9 704 991 295 613 249 114 38 360 1 168 432 253LYXOR ETF S&P / MIB EQUITY ITALY 64 586 64 816 287 1 841 746 725 255 256 191 7 279 631 253LYXOR ETF SOUTH AFRICA FTSE JSE TOP 40 (QUOTE A) EMERGING MARKETS 5 971 2 280 051 47 473 361 24 9 012 187 642 253LYXOR ETF TURKEY (DJ TURKEY TITANS 20) EMERGING MARKETS 11 628 2 864 889 100 056 316 46 11 324 395 480 253LYXOR ETF WISE QUANTITATIVE STRATEGY EQUITY EUROPE 816 500 997 4 254 202 4 2 420 20 552 207LYXOR ETF WORLD WATER (QUOTE A) THEMATIC 2 091 459 459 7 916 493 9 1 875 32 312 245MARKET ACCESS AMEX GOLD BUGS INDEX FUND THEMATIC 209 48 516 3 238 370 2 370 24 720 131MARKET ACCESS DAXGLOBAL ASIA INDEX FUND EMERGING MARKETS 25 23 349 488 224 0 178 3 727 131MARKET ACCESS DAXGLOBAL BRIC INDEX FUND EMERGING MARKETS 45 23 212 668 858 0 177 5 106 131MARKET ACCESS DAXGLOBAL RUSSIA INDEX FUND EMERGING MARKETS 234 103 063 2 911 780 2 787 22 227 131MARKET ACCESS DOW JONES TURKEY TITANS 20 FUND EMERGING MARKETS 36 1 763 199 442 0 13 1 522 131MARKET ACCESS FTSE/JSE AFRICA TOP 40 INDEX FUND EMERGING MARKETS 36 34 175 498 909 0 261 3 808 131MARKET ACCESS JIM ROGERS INT COMMODITY FUND COMMODITIES 57 44 158 1 276 672 0 337 9 746 131MARKET ACCESS RICI - A INDEX FUND COMMODITIES 63 6 612 677 315 0 50 5 170 131MARKET ACCESS RICI - M INDEX FUND COMMODITIES 25 1 330 127 222 0 10 971 131MARKET ACCESS SOUTH-EAST EUROPE TRADED INDEX FUND EMERGING MARKETS 29 855 13 478 0 7 103 131POWERSHARES DYNAMIC EUROPE FUND EQUITY EUROPE 83 997 829 6 883 965 0 4 193 28 924 238POWERSHARES DYNAMIC GLOBAL DEVELOPED MARKETS FUND EQUITY WORLD 136 308 555 1 773 643 1 1 280 7 360 241POWERSHARES DYNAMIC ITALY FUND EQUITY ITALY 115 919 558 7 587 429 0 3 864 31 880 238POWERSHARES DYNAMIC US MARKET FUND EQUITY USA 247 3 820 060 21 649 625 1 15 851 89 832 241POWERSHARES EQQQ FUND EQUITY USA 13 517 21 448 262 617 733 752 53 84 776 2 441 635 253POWERSHARES EUROMTS CASH 3 MONTHS FUND LIQUIDITY 580 494 853 49 498 419 11 8 997 899 971 55POWERSHARES FTSE RAFI DEVELOPED 1000 FUND FUNDAMENTAL 141 247 281 1 904 157 1 977 7 526 253POWERSHARES FTSE RAFI EUROPE DEVELOPED MID-SMALL F FUNDAMENTAL 93 17 143 109 729 0 68 434 253POWERSHARES FTSE RAFI EUROPE FUND FUNDAMENTAL 151 624 206 3 923 864 1 2 467 15 509 253POWERSHARES FTSE RAFI ITALY 30 FUND FUNDAMENTAL 225 1 836 705 14 230 882 1 7 260 56 249 253POWERSHARES FTSE RAFI US 1000 FUND FUNDAMENTAL 196 1 469 808 8 042 753 1 5 810 31 790 253POWERSHARES GLOBAL AGRICULTURE NASDAQ OMX FUND THEMATIC 22 6 999 35 766 1 159 813 44POWERSHARES GLOBAL CLEAN ENERGY FUND THEMATIC 1 093 946 952 6 568 117 5 3 929 27 254 241POWERSHARES GLOBAL LISTED PRIVATE EQUITY FUND PRIVATE EQUITY 56 168 889 796 454 0 701 3 305 241POWERSHARES PALISADES GLOBAL WATER FUND THEMATIC 513 1 028 947 7 619 786 2 4 269 31 617 241SPA ETF PLC MARKET GRADER 100 EQUITY USA 74 5 189 310 334 0 21 1 246 249SPA ETF PLC MARKET GRADER 200 EQUITY USA 20 141 8 420 0 1 34 249SPA ETF PLC MARKET GRADER 40 EQUITY USA 49 1 735 95 697 0 7 384 249SPA ETF PLC MARKET GRADER LARGE CAP EQUITY USA 57 3 575 206 858 0 14 831 249SPA ETF PLC MARKET GRADER MID CAP EQUITY USA 13 89 5 429 0 0 22 249SPA ETF PLC MARKET GRADER SMALL CAP EQUITY USA 40 1 919 103 730 0 8 417 249

ETC

ETFS AGRICULTURE DJ-AIGCI INDEX COMMODITIES 7 050 17 721 657 106 268 495 28 70 046 420 034 253ETFS ALL COMMODITIES DJAIGCI INDEX COMMODITIES 995 878 792 12 191 525 4 3 473 48 188 253ETFS ALUMINIUM INDUSTRIAL METALS 1 602 1 822 163 9 815 001 6 7 202 38 794 253ETFS BRENT 1MTH OIL SECURITIES ENERGY 5 540 974 781 45 806 850 22 3 853 181 055 253ETFS COFFEE AGRICULTURAL PRODUCTS 2 649 6 834 423 15 128 389 10 27 014 59 796 253ETFS COPPER INDUSTRIAL METALS 2 092 759 025 19 292 761 8 3 000 76 256 253ETFS CORN AGRICULTURAL PRODUCTS 5 239 16 914 140 29 032 349 21 66 854 114 752 253ETFS COTTON AGRICULTURAL PRODUCTS 4 171 13 169 519 21 648 028 16 52 053 85 565 253


Year 2008 • 71

TURN

OVER



ETFS CRUDE OIL ENERGY 13 422 3 340 429 99 678 692 53 13 203 393 987 253ETFS ENERGY DJ-AIGCI INDEX COMMODITIES 1 245 384 668 9 137 467 5 1 520 36 116 253ETFS EX-ENERGY DJ-AIGCI INDEX COMMODITIES 154 672 997 4 716 412 1 2 660 18 642 253ETFS FORWARD AGRICULTURE DJ-AIGCI-F3 INDEX COMMODITIES 321 315 019 2 974 446 1 1 324 12 498 238ETFS FORWARD ALL COMMODITIES DJ-AIGCI-F3 INDEX COMMODITIES 77 75 746 1 954 901 0 318 8 214 238ETFS FORWARD ENERGY DJ-AIGCI-F3 INDEX COMMODITIES 101 32 664 1 974 749 0 137 8 297 238ETFS FORWARD EX-ENERGY DJ-AIGCI-F3 INDEX COMMODITIES 27 20 722 292 049 0 87 1 227 238ETFS FORWARD GRAINS DJ-AIGCI-F3 INDEX COMMODITIES 225 449 125 3 980 012 1 1 887 16 723 238ETFS FORWARD INDUSTRIAL METALS DJ-AIGCI-F3 INDEX COMMODITIES 86 62 099 1 087 439 0 261 4 569 238ETFS FORWARD LIVESTOCK DJ-AIGCI-F3 INDEX COMMODITIES 23 16 652 234 499 0 70 985 238ETFS FORWARD NATURAL GAS ENERGY 359 333 173 8 250 079 2 1 400 34 664 238ETFS FORWARD PETROLEUM DJ-AIGCI-F3 INDEX COMMODITIES 496 79 841 5 700 376 2 335 23 951 238ETFS FORWARD SOFTS DJ-AIGCI-F3 INDEX COMMODITIES 108 151 555 904 811 0 637 3 802 238ETFS GASOLINE ENERGY 806 269 577 8 741 481 3 1 066 34 551 253ETFS GOLD PRECIOUS METALS 12 335 20 536 280 171 023 124 49 81 171 675 981 253ETFS GOLD BULLION SECURITIES PRECIOUS METALS 9 315 4 255 620 248 665 161 37 16 821 982 866 253ETFS GRAINS DJ-AIGCI INDEX COMMODITIES 3 011 3 707 888 19 494 454 12 14 656 77 053 253ETFS HEATING OIL ENERGY 856 315 684 7 676 737 3 1 248 30 343 253ETFS INDUSTRIAL METALS DJAIGCI INDEX COMMODITIES 900 590 926 8 271 252 4 2 336 32 693 253ETFS LEAN HOGS CATTLE 1 246 4 314 438 5 452 885 5 17 053 21 553 253ETFS LIVE CATTLE CATTLE 681 734 873 4 604 290 3 2 905 18 199 253ETFS LIVESTOCK DJ-AIGCI INDEX COMMODITIES 287 954 349 3 448 796 1 3 772 13 632 253ETFS NATURAL GAS ENERGY 15 660 59 135 658 84 679 347 62 233 738 334 701 253ETFS NICKEL INDUSTRIAL METALS 3 031 825 621 15 105 933 12 3 263 59 707 253ETFS PETROLEUM DJ-AIGCI INDEX COMMODITIES 2 863 526 933 18 157 796 11 2 083 71 770 253ETFS PHYSICAL GOLD PRECIOUS METALS 5 086 2 751 394 164 944 155 20 10 875 651 953 253ETFS PHYSICAL PALLADIUM PRECIOUS METALS 2 310 573 713 14 795 927 9 2 268 58 482 253ETFS PHYSICAL PLATINUM PRECIOUS METALS 3 452 237 844 25 757 135 14 940 101 807 253ETFS PHYSICAL PM BASKET PRECIOUS METALS 1 071 146 739 8 249 531 4 580 32 607 253ETFS PHYSICAL SILVER PRECIOUS METALS 2 432 2 341 163 22 995 315 10 9 254 90 891 253ETFS PRECIOUS METALS DJAIGCI INDEX COMMODITIES 1 511 1 838 763 17 808 351 6 7 268 70 389 253ETFS SILVER PRECIOUS METALS 2 946 1 885 564 23 067 075 12 7 453 91 174 253ETFS SOFTS DJ-AIGCI INDEX COMMODITIES 982 4 475 623 19 607 098 4 17 690 77 498 253ETFS SOYBEAN OIL AGRICULTURAL PRODUCTS 2 654 2 240 301 17 652 741 10 8 855 69 774 253ETFS SOYBEANS AGRICULTURAL PRODUCTS 2 998 2 274 158 28 739 262 12 8 989 113 594 253ETFS SUGAR AGRICULTURAL PRODUCTS 6 624 5 278 603 55 487 821 26 20 864 219 319 253ETFS WHEAT AGRICULTURAL PRODUCTS 12 292 20 457 353 66 572 954 49 80 859 263 134 253ETFS WTI 2MTH OIL SECURITIES ENERGY 1 789 431 368 27 444 842 7 1 705 108 478 253ETFS ZINC INDUSTRIAL METALS 1 958 1 955 782 11 969 526 8 7 730 47 310 253

TOTAL 1 416 079 1 577 715 677 48 094 581 288

TURN

OVE


Year 2008 • 72

CLOSED END FUNDS TRADING JANUARY-DECEMBER 2008ISIN NAME TOTAL DAILY AVERAGE Listing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _


REAL ESTATE CLOSED END FUNDS

IT0003049605 QF ALPHA IMMOBILIARE 3 372 15 037 44 918 277 13 59 177 543 253IT0004014707 QF ATLANTIC 1 2 983 26 573 11 406 464 12 105 45 085 253IT0003855696 QF ATLANTIC 2 1 179 5 501 3 015 662 5 22 11 920 253IT0003497721 QF BETA IMMOBILIARE 1 746 7 213 7 354 780 7 29 29 070 253IT0001423257 QF BNL PORTFOLIO IMMOBILIARE 2 519 7 424 15 737 486 10 29 62 204 253IT0001476412 QF CAAM RE EUROPA 2 170 8 537 12 405 639 9 34 49 034 253IT0003017446 QF CAAM RE ITALIA 1 900 7 771 15 573 667 8 31 61 556 253IT0003528012 QF CARAVAGGIO DI SORGENTE 345 506 1 232 508 1 2 4 872 253IT0003411045 QF ESTENSE - GRANDE DISTRIBUZIONE 776 2 036 4 375 827 3 8 17 296 253IT0003725246 QF EUROPA IMMOBILIARE 1 716 1 344 2 045 786 3 5 8 086 253IT0003187595 QF IMMOBILIUM 2001 712 1 793 8 240 177 3 7 32 570 253IT0003187603 QF INVEST REAL SECURITY 728 1 589 2 780 172 3 6 10 989 253IT0003089775 QF INVESTIETICO 1 567 4 471 8 215 248 6 18 32 471 253IT0003896922 QF OBELISCO 400 696 1 130 917 2 3 4 470 253IT0003740039 QF OLINDA - FONDO SHOPS 6 577 42 467 18 548 502 26 168 73 314 253IT0001397741 QF PIRAMIDE GLOBALE 1 526 10 255 7 627 786 6 41 30 149 253IT0001426342 QF POLIS 2 406 6 809 10 206 529 10 27 40 342 253IT0003173264 QF PORTFOLIO IMMOBILIARE CRESCITA 3 074 8 350 27 032 790 12 33 106 849 253IT0001360749 QF SECURFONDO 817 1 575 3 526 916 3 6 13 940 253IT0003554349 QF TECLA - FONDO UFFICI 2 008 11 541 5 988 818 8 46 23 671 253IT0001358479 QF UNICREDIT IMM UNO 4 049 14 864 30 175 788 16 59 119 272 253IT0001260113 QF VALORE IMM GLOBAL 912 1 813 7 692 552 4 7 30 405 253

COMPANIES CLOSED END FUNDS

IT0001124434 QF BNL INVESTIRE IMPRESA 293 1 483 2 190 089 1 6 8 691 252IT0003503452 QF DUCATO VENTURE 97 656 1 374 332 1 6 12 844 107IT0001073607 QF FIDIA PRUDENTIA 348 429 5 021 957 1 2 19 850 253IT0003242598 QF IGI INVESTIMENTI 254 1 461 1 178 241 1 6 4 657 253IT0003054308 QF OBIETTIVO IMPRESA 99 228 445 552 0 1 1 761 253IT0003836043 QF SOFIPA EQUITY FUND 118 369 685 970 0 1 2 722 252

TOTAL 43 691 192 791 260 128 431


Year 2008 • 73

TURN

OVER

IDEM - EQUITY DERIVATES TRADINGTURNOVER (2) OPEN _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

DAYS PERIOD TOTAL DAILY AVERAGE INTEREST (4) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _(1) STANDARD TRADES NOTIONAL PREMIUM % TOT STANDARD TRADES NOTIONAL NUMBER OF

CONTRACTS NUMBER TURNOVER eur m SHARES (3) CONTRACTS NUMBER TURNOVER CONTRACTS eur m eur m

INDEX FUTURES

23 1994 36 155 …. 2 666.0 .. 42.7% 1 572 …. 115.9 2 143 250 1995 1 144 754 …. 87 121.6 .. 119.5% 4 579 …. 348.5 17 306 253 1996 2 675 236 …. 207 060.8 .. 254.9% 10 574 …. 818.4 18 660 251 1997 4 463 042 …. 477 724.7 .. 273.0% 17 781 …. 1 903.3 21 517 253 1998 5 896 316 3 192 036 977 750.9 .. 230.0% 23 306 12 617 3 864.6 24 196 254 1999 5 094 312 2 767 052 905 841.2 .. 178.5% 20 056 10 894 3 566.3 18 216 254 2000 4 259 350 2 485 019 984 391.9 .. 113.3% 16 769 9 784 3 875.6 17 979 252 2001 4 634 329 2 974 968 829 415.9 .. 126.0% 18 390 11 805 3 291.3 12 502 252 2002 4 877 668 3 448 560 673 860.4 .. 106.3% 19 356 13 685 2 674.0 11 731 252 2003 4 263 886 2 872 214 527 023.8 .. 77.6% 16 920 11 398 2 091.4 14 687 257 2004 3 331 843 2 008 640 467 121.8 .. 63.8% 12 964 7 816 1 817.6 21 066 256 2005 3 580 695 2 063 378 585 444.9 .. 61.3% 13 987 8 060 2 286.9 69 146 254 2006 4 037 973 2 569 888 761 580.3 .. 66.5% 15 898 10 118 2 998.3 13 118 252 2007 4 671 557 3 162 710 954 524.4 .. 60.6% 18 538 12 550 3 787.8 17 237 253 2008 4 914 300 3 334 471 698 258.2 .. 67.8% 19 424 13 180 2 759.9 33 995

22 JAN 2008 426 471 330 645 76 400.2 .. 61.2% 19 385 15 029 3 472.7 21 006 21 FEB 351 728 268 809 59 808.6 .. 62.8% 16 749 12 800 2 848.0 26 908 19 MAR 481 924 292 302 75 734.5 .. 83.1% 25 364 15 384 3 986.0 26 270 22 APR 335 780 250 800 54 426.4 .. 51.9% 15 263 11 400 2 473.9 27 900 21 MAY 299 999 220 095 49 813.9 .. 38.2% 14 286 10 481 2 372.1 50 486 21 JUN 522 291 269 247 80 709.8 .. 93.0% 24 871 12 821 3 843.3 51 125 23 JUL 378 590 282 147 53 896.1 .. 68.8% 16 460 12 267 2 343.3 36 464 20 AUG 222 354 170 558 31 859.7 .. 59.2% 11 118 8 528 1 593.0 40 105 22 SEP 569 914 338 177 77 652.1 .. 68.4% 25 905 15 372 3 529.6 33 126 23 OCT 552 391 424 943 61 178.5 .. 80.8% 24 017 18 476 2 659.9 38 656 20 NOV 359 406 281 197 37 039.0 .. 83.5% 17 970 14 060 1 851.9 40 235 19 DEC 413 452 205 551 39 739.5 .. 132.3% 21 761 10 818 2 091.6 33 995

INDEX MINIFUTURES

127 2000 358 439 245 428 16 785.9 .. 4.4% 2 822 1 933 132.2 2 948 252 2001 1 400 135 1 055 537 49 358.6 .. 7.5% 5 556 4 189 195.9 1 317 252 2002 2 132 937 1 680 138 58 078.2 .. 9.2% 8 464 6 667 230.5 2 246 252 2003 2 570 238 1 906 164 63 411.0 .. 9.3% 10 199 7 564 251.6 6 176 257 2004 1 485 112 1 057 963 41 495.2 .. 5.7% 5 779 4 117 161.5 3 069 256 2005 1 294 606 903 299 42 329.9 .. 4.4% 5 057 3 529 165.4 2 166 254 2006 1 659 649 1 194 066 62 399.9 .. 5.4% 6 534 4 701 245.7 2 352 252 2007 2 065 878 1 517 503 84 212.0 .. 5.3% 8 198 6 022 334.2 2 199 253 2008 2 909 366 2 183 896 81 730.2 .. 12.9% 11 499 8 632 323.0 2 481

22 JAN 2008 255 129 192 696 9 111.2 .. 7.3% 11 597 8 759 414.1 4 983 21 FEB 232 280 178 885 7 899.3 .. 8.3% 11 061 8 518 376.2 6 265 19 MAR 246 919 187 633 7 800.9 .. 8.6% 12 996 9 875 410.6 3 391 22 APR 195 938 155 783 6 349.6 .. 6.1% 8 906 7 081 288.6 3 521 21 MAY 164 788 129 525 5 473.0 .. 4.2% 7 847 6 168 260.6 4 614 21 JUN 217 167 156 254 6 718.2 .. 7.7% 10 341 7 441 319.9 2 240 23 JUL 238 466 178 137 6 787.6 .. 8.7% 10 368 7 745 295.1 3 330 20 AUG 145 394 112 613 4 165.3 .. 7.7% 7 270 5 631 208.3 4 550 22 SEP 304 650 224 766 8 359.3 .. 7.4% 13 848 10 217 380.0 2 685 23 OCT 427 798 307 772 9 438.2 .. 12.5% 18 600 13 381 410.4 4 452 20 NOV 279 355 206 686 5 760.1 .. 13.0% 13 968 10 334 288.0 4 780 19 DEC 201 482 153 146 3 867.4 .. 12.9% 10 604 8 060 203.5 2 481

TURN

OVE


Year 2008 • 74




INDEX OPTIONS

30 1995 12 540 …. 883.1 21.2 11.7% 418 …. 29.4 3 432 253 1996 476 237 …. 36 853.9 666.7 45.4% 1 882 …. 145.7 16 676 251 1997 1 159 040 …. 125 099.4 2 643.0 71.5% 4 618 …. 498.4 32 530 253 1998 1 617 183 597 792 267 247.4 6 286.8 62.9% 6 392 2 363 1 056.3 37 916 254 1999 2 236 241 677 986 264 180.9 5 532.4 52.1% 8 804 2 669 1 040.1 211 569 254 2000 2 842 081 642 951 323 165.6 6 607.3 37.2% 11 189 2 531 1 272.3 180 186 252 2001 2 716 271 610 113 246 554.6 4 715.0 37.5% 10 779 2 421 978.4 111 067 252 2002 2 588 407 583 992 176 513.3 3 454.8 27.9% 10 271 2 317 700.4 89 207 252 2003 2 505 351 551 763 153 997.6 2 452.9 22.7% 9 942 2 190 611.1 93 528 257 2004 2 220 807 555 091 152 839.2 1 648.7 20.9% 8 641 2 160 594.7 132 234 256 2005 2 597 830 576 503 209 526.1 2 261.2 21.9% 10 148 2 252 818.5 120 680 254 2006 2 819 916 645 422 262 311.7 2 570.2 22.9% 11 102 2 541 1 032.7 153 854 252 2007 3 658 686 799 002 368 966.3 3 993.8 23.4% 14 519 3 171 1 464.2 146 725 253 2008 3 630 359 930 445 268 264.3 5 125.5 26.1% 14 349 3 678 1 060.3 132 483

22 JAN 2008 354 220 85 415 31 750.7 521.7 25.4% 16 101 3 883 1 443.2 211 440 21 FEB 308 844 78 333 26 130.0 415.2 27.4% 14 707 3 730 1 244.3 254 951 19 MAR 328 228 85 889 26 412.9 433.1 29.0% 17 275 4 520 1 390.2 203 897 22 APR 341 789 82 306 27 901.0 394.9 26.6% 15 536 3 741 1 268.2 225 827 21 MAY 255 739 63 102 21 099.8 253.2 16.2% 12 178 3 005 1 004.8 230 482 21 JUN 329 463 79 774 25 546.7 381.9 29.4% 15 689 3 799 1 216.5 192 600 23 JUL 342 307 86 527 24 366.1 393.2 31.1% 14 883 3 762 1 059.4 213 432 20 AUG 232 883 61 157 16 588.4 230.7 30.8% 11 644 3 058 829.4 224 539 22 SEP 362 493 100 759 25 087.7 453.4 22.1% 16 477 4 580 1 140.4 213 018 23 OCT 429 237 106 310 25 593.4 1 061.1 33.8% 18 662 4 622 1 112.8 262 326 20 NOV 207 021 58 570 11 010.8 392.9 24.8% 10 351 2 929 550.5 260 870 19 DEC 138 135 42 303 6 776.7 194.0 22.6% 7 270 2 226 356.7 132 483

STOCK FUTURES

112 59 868 8 833 328.0 .. 0.3% 535 79 2.9 3 146 252 468 083 37 731 2 049.8 .. 0.4% 1 857 150 8.1 15 701 257 2004 1 734 256 59 242 7 822.5 .. 1.4% 6 748 231 30.4 49 754 256 2005 5 957 674 66 605 33 734.3 .. 4.2% 23 272 260 131.8 58 071 254 2006 7 031 974 56 774 39 257.0 .. 4.2% 27 685 224 154.6 41 319 252 2007 6 363 954 75 495 46 008.8 .. 3.3% 25 254 300 182.6 15 258 253 2008 4 417 700 69 426 22 043.2 .. 2.3% 17 461 274 87.1 24 555

22 JAN 2008 49 772 7 960 306.9 .. 0.3% 2 262 362 13.9 21 123 21 FEB 35 864 5 859 183.1 .. 0.2% 1 708 279 8.7 22 601 19 MAR 50 767 5 988 251.2 .. 0.3% 2 672 315 13.2 17 984 22 APR 1 102 418 4 657 3 170.4 .. 3.3% 50 110 212 144.1 521 787 21 MAY 1 439 374 4 609 8 313.2 .. 6.7% 68 542 219 395.9 576 298 21 JUN 456 410 4 248 1 971.4 .. 2.4% 21 734 202 93.9 70 152 23 JUL 91 473 5 465 372.2 .. 0.5% 3 977 238 16.2 22 141 20 AUG 20 150 3 619 74.4 .. 0.1% 1 008 181 3.7 16 744 22 SEP 612 208 7 020 5 447.6 .. 5.0% 27 828 319 247.6 104 288 23 OCT 94 512 8 879 441.2 .. 0.6% 4 109 386 19.2 27 069 20 NOV 403 039 6 627 1 362.1 - 3.2% 20 152 331 68.1 32 913 19 DEC 61 713 4 495 149.7 - 0.5% 3 248 237 7.9 24 555


Year 2008 • 75

TURN

OVER




STOCK OPTIONS

219 1996 479 249 1 824.7 100.6 3.6% 2 188 8.3 67 173 251 1997 2 443 819 14 219.4 664.9 12.5% 9 736 56.7 66 130 253 1998 1 297 438 243 495 27 069.9 1 445.6 11.1% 5 128 962 107.0 45 363 254 1999 1 947 931 190 001 28 140.2 …. 8.3% 7 669 748 110.8 422 786 254 2000 5 870 743 346 295 59 432.9 3 442.2 9.8% 23 113 1 363 234.0 920 915 252 2001 8 329 533 331 915 56 053.4 3 329.2 10.3% 33 054 1 317 222.4 769 073 252 2002 7 587 889 303 294 34 882.7 1 884.4 6.4% 30 111 1 204 138.4 723 640 252 2003 7 924 078 328 152 30 940.4 1 666.1 5.1% 31 445 1 302 122.8 944 484 257 2004 9 500 498 420 278 36 733.8 1 163.6 5.5% 36 967 1 635 142.9 1 441 003 256 2005 12 439 716 442 151 54 700.7 1 597.3 6.6% 48 593 1 727 213.7 1 646 014 254 2006 16 056 751 475 942 72 606.7 2 191.3 7.7% 63 216 1 874 285.9 1 964 411 252 2007 20 364 847 648 118 107 955.8 3 386.3 7.7% 80 813 2 572 428.4 2 017 521 253 2008 20 056 426 545 541 77 290.3 4 183.9 8.0% 79 274 2 156 305.5 2 748 370

22 JAN 2008 1 822 205 57 952 8 906.6 367.5 7.6% 82 828 2 634 404.8 2 714 881 21 FEB 1 700 407 50 635 7 352.2 330.6 8.3% 80 972 2 411 350.1 3 150 154 19 MAR 1 961 983 51 452 7 489.4 362.8 8.7% 103 262 2 708 394.2 2 733 598 22 APR 1 748 675 50 249 7 577.4 387.2 7.8% 79 485 2 284 344.4 3 130 465 21 MAY 1 733 591 49 857 8 774.1 356.6 7.1% 82 552 2 374 417.8 3 336 469 21 JUN 1 662 242 46 321 6 827.9 296.7 8.3% 79 154 2 206 325.1 2 965 514 23 JUL 1 916 149 48 926 6 950.8 415.5 9.4% 83 311 2 127 302.2 3 500 152 20 AUG 1 201 441 35 825 3 803.7 192.7 7.5% 60 072 1 791 190.2 3 589 675 22 SEP 1 909 119 48 465 6 886.1 405.1 6.3% 86 778 2 203 313.0 3 380 826 23 OCT 1 783 160 46 003 5 672.0 459.3 7.8% 77 529 2 000 246.6 3 958 948 20 NOV 1 311 491 31 507 3 597.2 255.2 8.5% 65 575 1 575 179.9 4 233 452 19 DEC 1 305 963 28 349 3 453.1 354.9 12.0% 68 735 1 492 181.7 2 748 370

EQUITY DERIVATIVES TOTAL

23 1994 36 155 - 2 666.0 - 43.0% 1 572 115.9 2 143 250 1995 1 157 294 - 88 004.8 21.2 120.7% 4 629 352.0 20 738 253 1996 3 630 722 - 245 739.4 767.3 302.5% 14 351 971.3 102 509 251 1997 8 065 901 - 617 043.5 3 307.9 352.6% 32 135 2 458.3 120 177 253 1998 8 841 007 4 052 327 1 273 885.8 7 732.3 299.6% 34 945 16 017 5 035.1 107 724 254 1999 9 283 628 3 639 055 1 198 515.7 …. 236.2% 36 550 14 327 4 718.6 652 693 254 2000 13 332 657 3 720 782 1 383 952.1 10 049.6 159.2% 52 491 14 649 5 448.6 1 122 107 252 2001 17 081 011 4 972 557 1 181 432.3 8 044.2 179.5% 67 782 19 732 4 688.2 894 059 252 2002 17 247 543 6 024 835 943 710.2 5 339.2 148.9% 68 443 23 908 3 744.9 830 064 252 2003 17 731 994 5 696 028 777 440.6 4 119.1 114.5% 70 365 22 603 3 085.1 1 074 576 257 2004 18 272 516 4 101 214 706 012.5 2 812.3 96.4% 71 099 15 958 2 747.1 1 647 126 256 2005 25 870 521 4 051 936 925 735.7 3 858.4 97.0% 101 057 15 828 3 616.2 1 896 077 254 2006 31 606 263 4 942 092 1 198 155.6 4 761.5 104.6% 124 434 19 457 4 717.1 2 175 054 252 2007 37 124 922 6 202 828 1 561 667.3 7 380.2 99.2% 147 321 24 614 6 197.1 2 198 940 253 2008 35 928 151 7 063 779 1 147 586.3 9 309.4 111.5% 142 009 27 920 4 535.9 2 941 884

22 JAN 2008 2 907 797 674 668 126 475.6 889.2 101.3% 132 173 30 667 5 748.9 2 973 433 21 FEB 2 629 123 582 521 101 373.1 745.8 106.4% 125 196 27 739 4 827.3 3 460 879 19 MAR 3 069 821 623 264 117 688.9 795.9 129.1% 161 570 32 803 6 194.2 2 985 140 22 APR 3 724 600 543 795 99 424.8 782.1 94.8% 169 300 24 718 4 519.3 3 909 500 21 MAY 3 893 491 467 188 93 474.0 609.8 71.7% 185 404 22 247 4 451.1 4 198 349 21 JUN 3 187 573 555 844 121 774.0 678.6 140.3% 151 789 26 469 5 798.8 3 281 631 23 JUL 2 966 985 601 202 92 372.8 808.7 117.8% 128 999 26 139 4 016.2 3 775 519 20 AUG 1 822 222 383 772 56 491.5 423.4 105.0% 91 111 19 189 2 824.6 3 875 613 22 SEP 3 758 384 719 187 123 432.8 858.5 108.7% 170 836 32 690 5 610.6 3 733 943 23 OCT 3 287 098 893 907 102 323.3 1 520.4 135.2% 142 917 38 866 4 448.8 4 291 451 20 NOV 2 560 312 584 587 58 769.1 648.1 132.4% 128 016 29 229 2 938.5 4 572 250 19 DEC 2 120 745 433 844 53 986.5 548.9 179.7% 111 618 22 834 2 841.4 2 941 884

TURN

OVE


Year 2008 • 76

(1) Index futures trading began on 28.11.1994, index option trading on 15.11.1995, stock option trading on 19.02.1996, indexminiFutures trading on 03.07.2000, stock futures trading on 22.07.2002 and Electricity Futures trading on 03.11.2009. During2004 MIB30 Index was replaced by S&P/MIB Index as underlying of indices derivatives.

(2) The notional turnover is computed as the product of contracts number, price and index multiplier for index futures; con-tracts number, price and size multiplier for stock futures; contracts number, strike prices and index multiplier for indexoptions; contracts number, strike prices and sizes for stock options.

(3) As percentage on shares turnover (total shares for Index derivatives and Idem total; underlying shares for stock futures andstock options).

(4) Open positions at the end of period. Net figures for futures, gross figures for options.(5) Premium in euro million for options and equity derivatives total; traded MWH for energy futures




ELECTRICITY FUTURES

39 2008 634 101 128.6 1 597 272.0 16 3 3.3 314

20 NOV 432 68 103.6 1 270 913 22 3 5.2 155 19 DEC 202 33 25.0 326 359 11 2 1.3 314

IDEM TOTAL

23 1994 36 155 - 2 666.0 - 43.0% 1 572 115.9 2 143 250 1995 1 157 294 - 88 004.8 21.2 120.7% 4 629 352.0 20 738 253 1996 3 630 722 - 245 739.4 767.3 302.5% 14 351 971.3 102 509 251 1997 8 065 901 - 617 043.5 3 307.9 352.6% 32 135 2 458.3 120 177 253 1998 8 841 007 4 052 327 1 273 885.8 7 732.3 299.6% 34 945 16 017 5 035.1 107 724 254 1999 9 283 628 3 639 055 1 198 515.7 …. 236.2% 36 550 14 327 4 718.6 652 693 254 2000 13 332 657 3 720 782 1 383 952.1 10 049.6 159.2% 52 491 14 649 5 448.6 1 122 107 252 2001 17 081 011 4 972 557 1 181 432.3 8 044.2 179.5% 67 782 19 732 4 688.2 894 059 252 2002 17 247 543 6 024 835 943 710.2 5 339.2 148.9% 68 443 23 908 3 744.9 830 064 252 2003 17 731 994 5 696 028 777 440.6 4 119.1 114.5% 70 365 22 603 3 085.1 1 074 576 257 2004 18 272 516 4 101 214 706 012.5 2 812.3 96.4% 71 099 15 958 2 747.1 1 647 126 256 2005 25 870 521 4 051 936 925 735.7 3 858.4 97.0% 101 057 15 828 3 616.2 1 896 077 254 2006 31 606 263 4 942 092 1 198 155.6 4 761.5 104.6% 124 434 19 457 4 717.1 2 175 054 252 2007 37 124 922 6 202 828 1 561 667.3 7 380.2 99.2% 147 321 24 614 6 197.1 2 198 940 253 2008 35 928 785 7 063 880 1 147 714.9 8 112.4 111.5% 142 011 27 920 4 536.4 1 700 455

22 JAN 2008 2 907 797 674 668 126 475.6 889.2 101.3% 132 173 30 667 5 748.9 7 491 584 21 FEB 2 629 123 582 521 101 373.1 745.8 106.4% 125 196 27 739 4 827.3 7 689 827 19 MAR 3 069 821 623 264 117 688.9 795.9 129.1% 161 570 32 803 6 194.2 7 327 787 22 APR 3 724 600 543 795 99 424.8 782.1 94.8% 169 300 24 718 4 519.3 8 579 898 21 MAY 3 893 491 467 188 93 474.0 609.8 71.7% 185 404 22 247 4 451.1 9 136 134 21 JUN 3 187 573 555 844 121 774.0 678.6 140.3% 151 789 26 469 5 798.8 5 884 776 23 JUL 2 966 985 601 202 92 372.8 808.7 117.8% 128 999 26 139 4 016.2 3 775 519 20 AUG 1 822 222 383 772 56 491.5 423.4 105.0% 91 111 19 189 2 824.6 3 875 613 22 SEP 3 758 384 719 187 123 432.8 858.5 108.7% 170 836 32 690 5 610.6 3 733 943 23 OCT 3 287 098 893 907 102 323.3 1 520.4 135.2% 142 917 38 866 4 448.8 4 291 451 20 NOV 2 560 744 584 655 58 872.7 132.6% 128 037 29 233 2 943.6 1 173 916 19 DEC 2 120 947 433 877 54 011.5 179.8% 111 629 22 836 2 842.7 1 700 455


Year 2008 • 77

TURN

OVER

IDEM - SINGLE STOCK FUTURES TRADINGTURNOVER (2) OPEN _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _



ACEA

67 2007 239 29 3.0 .. 0.8% 4 0.4 0.05 2253 2008 2 728 318 14.8 .. 1.2% 11 1 0.06 49

22 JAN 2008 82 22 0.5 .. 0.4% 4 1 0.02 6 21 FEB 215 33 1.3 .. 1.3% 10 2 0.06 48 19 MAR 82 14 0.5 .. 0.6% 4 1 0.03 32 22 APR 59 9 0.4 .. 0.3% 3 0.4 0.02 36 21 MAY 129 15 0.9 .. 0.6% 6 1 0.04 27 21 JUN 20 2 0.1 .. 0.1% 1 0.1 0.01 13 23 JUL 42 6 0.23 - 0.28% 2 0.3 0.01 5320 AUG 33 4 0.18 - 0.19% 2 0.2 0.01 4122 SEP 123 15 0.65 - 0.60% 6 0.7 0.03 3223 OCT 961 95 4.84 - 3.76% 42 4.1 0.21 8220 NOV 710 69 3.84 - 6.06% 36 3.5 0.19 6419 DEC 272 34 1.30 - 3.74% 14 1.8 0.07 49

A2A

183 2005 888 135 3.7 .. 0.3% 5 1 0.02 116 254 2006 2 003 398 9.9 .. 0.3% 8 2 0.04 183 252 2007 8 666 456 60.4 .. 0.9% 34 2 0.2 10 253 2008 13 188 263 77.0 .. 1.2% 17 8 0.3 5

22 JAN 2008 193 36 1.3 .. 0.1% 9 2 0.1 27 21 FEB 49 16 0.3 .. 0.1% 2 1 0.02 31 19 MAR 254 50 1.5 .. 0.3% 13 3 0.1 61 22 APR 136 43 0.8 .. 0.1% 6 2 0.04 10 21 MAY 35 8 0.2 .. 0.03% 2 0.4 0.01 11 21 JUN 9 431 18 55.4 .. 5.6% 449 1 2.6 4 110 23 JUL 2 805 7 16.3 - 3.3% 122 0.3 0.71 14 20 AUG 5 5 0.0 - 0.0% 0 0.3 0.00 1 22 SEP 21 15 0.1 - 0.0% 1 0.7 0.00 6 23 OCT 70 12 0.3 - 0.1% 3 0.5 0.01 4 20 NOV 133 30 0.5 - 0.3% 7 1.5 0.03 20 19 DEC 56 23 0.2 - 0.1% 3 1.2 0.01 5

ALLEANZA

183 2005 56 274 1 378 252.0 .. 2.4% 308 8 1.4 704 254 2006 144 120 2 349 670.1 .. 5.3% 567 9 2.6 1 796 252 2007 9 716 879 47.3 .. 0.4% 39 0.4 0.2 63 253 2008 22 431 459 88.5 .. 1.6% 89 2 0.3 45

22 JAN 2008 436 57 1.9 .. 0.2% 20 3 0.1 157 21 FEB 89 27 0.4 .. 0.1% 4 1 0.02 15 19 MAR 165 18 0.7 .. 0.1% 9 1 0.04 65 22 APR 2 069 17 8.2 .. 1.7% 94 1 0.4 2 012 21 MAY 18 184 34 73.1 .. 9.2% 866 2 3.5 4 030 21 JUN 24 9 0.1 .. 0.02% 1 0.4 0.004 24 23 JUL 202 51 0.7 - 0.1% 9 2.2 0.03 70 20 AUG 36 24 0.1 - 0.1% 2 1.2 0.01 16 22 SEP 204 61 0.7 - 0.1% 9 2.8 0.03 22 23 OCT 558 83 1.5 - 0.5% 24 3.6 0.07 85 20 NOV 142 21 0.4 - 0.2% 7 1.1 0.02 42 19 DEC 322 57 1.0 - 0.4% 17 3.0 0.05 45

TURN

OVE


Year 2008 • 78




ATLANTIA

221 2005 185 287 1 934 1 835.3 .. 9.5% 838 9 8.3 9 115 254 2006 146 300 1 341 1 651.3 .. 7.7% 576 5 6.5 176 252 2007 100 663 1 136 1 277.5 .. 6.4% 399 5 5.1 9 253 2008 127 344 725 1 063.0 .. 7.2% 503 3 4.2 25

22 JAN 2008 590 117 6.8 .. 0.4% 27 5 0.3 102 21 FEB 187 34 2.1 .. 0.2% 9 2 0.1 31 19 MAR 234 60 2.3 .. 0.2% 12 3 0.1 15 22 APR 7 056 28 72.9 .. 7.5% 321 1 3.3 7 008 21 MAY 45 063 38 490.4 .. 22.9% 2 146 2 23.4 24 028 21 JUN 4 042 26 47.3 .. 3.1% 192 1 2.25 15 23 JUL 156 33 1.4 - 0.1% 7 1.4 0.06 22 20 AUG 197 56 1.8 - 0.2% 10 2.8 0.09 93 22 SEP 523 88 4.2 - 0.3% 24 4.0 0.19 112 23 OCT 382 108 2.8 - 0.3% 17 4.7 0.12 88 20 NOV 68 676 78 429.5 - 31.7% 3 434 3.9 21.47 54 19 DEC 238 59 1.5 - 0.3% 13 3.1 0.08 25

AUTOGRILL

183 2005 13 879 288 75.2 .. 3.2% 76 2 0.4 137 254 2006 9 321 487 58.3 .. 1.3% 37 2 0.2 83 252 2007 12 785 534 93.7 .. 2.0% 51 2 0.4 2 253 2008 9 510 1 110 36.5 .. 1.1% 38 4 0.1 19

22 JAN 2008 120 42 0.6 .. 0.1% 5 2 0.03 17 21 FEB 23 13 0.1 .. 0.05% 1 1 0.01 10 19 MAR 514 108 2.5 .. 0.8% 27 6 0.1 334 22 APR 267 55 1.3 .. 0.5% 12 3 0.1 234 21 MAY 524 78 2.6 .. 0.8% 25 4 0.1 204 21 JUN 214 42 0.9 .. 0.4% 10 2 0.04 37 23 JUL 2 896 147 10.3 - 2.7% 126 6.4 0.45 2 179 20 AUG 870 92 3.7 - 1.4% 44 4.6 0.19 237 22 SEP 1 398 190 6.0 - 1.9% 64 8.6 0.27 218 23 OCT 1 321 142 4.4 - 2.3% 57 6.2 0.19 231 20 NOV 1 196 163 3.6 - 3.3% 60 8.2 0.18 38 19 DEC 167 38 0.5 - 0.7% 9 2.0 0.02 19

BANCA MONTE DEI PASCHI DI SIENA

221 2005 13 862 1 187 47.2 .. 0.7% 63 5 0.2 1 724 254 2006 12 125 1 378 54.9 .. 0.5% 48 5 0.2 903 252 2007 6 687 892 31.1 .. 0.3% 27 4 0.1 452 253 2008 7 548 860 18.1 .. 0.2% 30 3 0.1 67

22 JAN 2008 1 201 114 3.9 .. 0.5% 55 5 0.2 1 195 21 FEB 1 235 132 3.8 .. 0.8% 59 6 0.2 1 188 19 MAR 272 58 0.8 .. 0.2% 14 3 0.04 600 22 APR 478 74 1.2 .. 0.1% 22 3 0.1 132 21 MAY 2 842 119 5.9 .. 0.4% 135 6 0.3 2 188 21 JUN 100 39 0.2 .. 0.02% 5 2 0.01 43 23 JUL 614 110 1.1 - 0.1% 27 4.8 0.05 85 20 AUG 143 48 0.3 - 0.0% 7 2.4 0.01 37 22 SEP 115 45 0.2 - 0.0% 5 2.0 0.01 47 23 OCT 235 51 0.4 - 0.1% 10 2.2 0.02 32 20 NOV 205 39 0.3 - 0.1% 10 2.0 0.01 89 19 DEC 108 31 0.2 - 0.1% 6 1.6 0.01 67


Year 2008 • 79

TURN

OVER




BANCA POP MILANO

28 2006 272 44 1.7 .. 0.2% 1 0.2 0.01 46 252 2007 49 654 1 086 293.6 .. 2.4% 197 4 1.2 833 253 2008 7 162 871 25.4 .. 0.4% 28 3 0.1 176

22 JAN 2008 968 113 4.2 .. 0.5% 44 5 0.2 360 21 FEB 376 73 1.5 .. 0.3% 18 3 0.1 298 19 MAR 631 99 2.3 .. 0.4% 33 5 0.1 66 22 APR 2 721 83 10.5 .. 1.4% 124 4 0.5 2 066 21 MAY 232 38 0.9 .. 0.1% 11 2 0.04 2 075 21 JUN 84 49 0.3 .. 0.1% 4 2 0.01 25 23 JUL 372 65 1.2 - 0.2% 16 2.8 0.05 116 20 AUG 274 63 0.9 - 0.3% 14 3.2 0.05 103 22 SEP 342 74 1.1 - 0.2% 16 3.4 0.05 41 23 OCT 478 114 1.1 - 0.2% 21 5.0 0.05 85 20 NOV 332 60 0.7 - 0.3% 17 3.0 0.03 66 19 DEC 352 40 0.7 - 0.4% 19 2.1 0.04 176

BANCO POPOLARE

126 2007 4 863 946 40.4 .. 0.4% 39 8 0.3 638 253 2008 26 875 1 523 159.6 .. 1.2% 106 6 0.6 27

22 JAN 2008 1 330 174 9.1 .. 0.6% 60 8 0.4 671 21 FEB 386 147 2.4 .. 0.2% 18 7 0.1 220 19 MAR 726 184 4.2 .. 0.4% 38 10 0.2 213 22 APR 2 363 90 14.3 .. 1.0% 107 4 0.7 2 062 21 MAY 16 245 112 105.2 .. 5.0% 774 5 5.0 2 050 21 JUN 88 50 0.5 .. 0.1% 4 2 0.02 59 23 JUL 155 86 0.9 - 0.1% 7 3.7 0.04 44 20 AUG 143 98 0.9 - 0.1% 7 4.9 0.05 26 22 SEP 300 92 1.9 - 0.1% 14 4.2 0.09 40 23 OCT 1 292 250 5.9 - 0.6% 56 10.9 0.25 414 20 NOV 3 593 134 13.7 - 3.1% 180 6.7 0.69 431 19 DEC 254 106 0.7 - 0.1% 13 5.6 0.04 27

BULGARI

183 2005 11 038 402 96.1 .. 3.3% 60 2 0.5 366 254 2006 15 923 1 034 148.1 .. 2.9% 63 4 0.6 116 252 2007 8 203 906 90.4 .. 2.0% 33 4 0.4 11 253 2008 9 622 837 67.5 .. 1.8% 38 3 0.3 753

22 JAN 2008 506 155 4.0 .. 0.8% 23 7 0.2 46 21 FEB 358 82 2.8 .. 0.8% 17 4 0.1 90 19 MAR 345 77 2.5 .. 0.8% 18 4 0.1 23 22 APR 872 63 6.2 .. 1.6% 40 3 0.3 759 21 MAY 4 903 52 36.8 .. 7.5% 233 2 1.8 1 526 21 JUN 144 23 1.0 .. 0.4% 7 1 0.05 28 23 JUL 211 51 1.4 - 0.4% 9 2.2 0.06 69 20 AUG 199 52 1.3 - 0.5% 10 2.6 0.07 19 22 SEP 664 115 4.4 - 1.1% 30 5.2 0.20 74 23 OCT 499 113 2.8 - 1.1% 22 4.9 0.12 81 20 NOV 135 38 0.7 - 0.4% 7 1.9 0.03 35 19 DEC 786 16 3.6 - 5.8% 41 0.8 0.19 753

TURN

OVE


Year 2008 • 80




BUZZI UNICEM

27 2007 349 38 0.7 .. 0.2% 13 1 0.02 1 253 2008 20 771 619 31.0 .. 1.0% 82 2 0.1 1 904

22 JAN 2008 192 26 0.3 .. 0.1% 9 1 0.01 76 21 FEB 257 31 0.4 .. 0.1% 12 1 0.02 118 19 MAR 282 36 0.4 .. 0.2% 15 2 0.02 45 22 APR 2 624 28 4.2 .. 1.4% 119 1 0.2 2 526 21 MAY 11 657 28 19.9 .. 3.3% 555 1 0.9 14 002 21 JUN 82 14 0.1 .. 0.1% 4 1 0.01 12 23 JUL 130 24 0.2 - 0.00 6 1.0 0.01 51 20 AUG 242 38 0.3 - 0.00 12 1.9 0.02 26 22 SEP 159 26 0.2 - 0.00 7 1.2 0.01 14 23 OCT 1 197 116 1.1 - 0.01 52 5.0 0.05 115 20 NOV 2 729 183 2.5 - 0.03 136 9.2 0.13 1 349 19 DEC 1 220 69 1.3 - 0.01 64 3.6 0.07 1 904

ENEL

257 2004 832 063 7 985 2 885.6 .. 4.7% 3 238 31 11.2 2 292 256 2005 1 524 305 4 354 5 204.4 .. 7.0% 5 954 17 20.3 1 619 254 2006 1 509 826 1 959 5 286.4 .. 6.8% 5 944 8 20.8 1 237 252 2007 854 328 1 810 3 444.2 .. 3.6% 3 390 7 13.7 325 253 2008 637 736 1 558 1 879.0 .. 2.4% 2 521 6 7.4 4 110

22 JAN 2008 1 479 174 5.7 .. 0.1% 67 8 0.3 342 21 FEB 384 86 1.4 .. 0.0% 18 4 0.1 377 19 MAR 348 106 1.2 .. 0.0% 18 6 0.1 165 22 APR 178 45 0.6 .. 0.0% 8 2 0.03 143 21 MAY 73 35 0.3 .. 0.0% 3 2 0.01 104 21 JUN 358 452 85 1 160.7 .. 8.5% 17 069 4 55.3 44 801 23 JUL 44 999 124 136.1 - 0.02 - - - 123 20 AUG 134 50 0.4 - 0.00 - - - 175 22 SEP 582 195 1.7 - 0.00 - - - 218 23 OCT 882 326 2.3 - 0.00 - - - 359 20 NOV 202 490 134 508.4 - 0.07 - - - 5 108 19 DEC 27 735 198 60.2 - 0.02 - - - 4 110

ENI

257 2004 293 988 7 127 2 455.6 .. 2.8% 1 144 28 9.6 3 483 256 2005 1 260 605 9 410 13 894.7 .. 8.7% 4 924 37 54.3 3 693 254 2006 1 155 657 6 046 13 328.5 .. 8.4% 4 550 24 52.5 702 252 2007 1 479 700 5 086 18 980.0 .. 9.7% 5 872 20 75.3 408 253 2008 904 672 5 343 9 729.8 .. 6.2% 3 576 21 38.5 160

22 JAN 2008 2 474 466 28.7 .. 0.2% 112 21 1.3 714 21 FEB 1 880 383 20.9 .. 0.2% 90 18 1.0 774 19 MAR 4 642 301 51.0 .. 0.6% 244 16 2.7 538 22 APR 54 025 452 645.9 .. 5.8% 2 456 21 29.4 51 660 21 MAY 250 030 771 3 179.9 .. 11.4% 11 906 37 151.4 102 646 21 JUN 21 253 288 275.7 .. 2.6% 1 012 14 13.1 553 23 JUL 1 987 220 21.9 - 0.3% 86 10 1.0 694 20 AUG 845 271 9.1 - 0.1% 42 14 0.5 594 22 SEP 538 027 543 5 229.1 - 16.2% 24 456 25 237.7 61 941 23 OCT 25 234 768 230.3 - 1.7% 1 097 33 10.0 942 20 NOV 2 242 465 19.9 - 0.3% 112 23 1.0 727 19 DEC 2 033 415 17.3 - 0.3% 107 22 0.9 160


Year 2008 • 81

TURN

OVER




ERG

27 2007 97 15 0.7 .. 0.2% 4 1 0.02 4 253 2008 10 495 1 184 61.0 .. 1.4% 41 5 0.2 389

22 JAN 2008 445 101 2.4 .. 0.6% 20 5 0.1 45 21 FEB 1 026 138 6.0 .. 1.2% 49 7 0.3 143 19 MAR 511 87 3.3 .. 0.5% 27 5 0.2 227 22 APR 475 124 3.3 .. 0.6% 22 6 0.2 159 21 MAY 652 39 4.6 .. 1.1% 31 2 0.2 58 21 JUN 787 78 5.9 .. 1.0% 37 4 0.3 242 23 JUL 635 74 4.0 - 1.2% 28 3.2 0.2 274 20 AUG 320 39 2.0 - 0.7% 16 2.0 0.1 64 22 SEP 476 51 2.9 - 1.1% 22 2.3 0.1 247 23 OCT 1 968 184 9.7 - 5.3% 86 8.0 0.4 354 20 NOV 2 192 173 12.0 - 8.6% 110 8.7 0.6 407 19 DEC 1 008 96 4.8 - 6.9% 53 5.1 0.3 389

FASTWEB

201 2004 8 995 1 462 38.9 .. 1.0% 45 7 0.2 1 362 256 2005 13 683 2 071 53.5 .. 0.7% 53 8 0.2 574 254 2006 12 813 1 473 48.4 .. 0.5% 50 6 0.2 1 862 252 2007 11 366 1 099 48.3 .. 0.5% 45 4 0.2 - 253 2008 104 20 0.2 .. 0.0% 0 0.1 0.001 -

22 JAN 2008 25 6 0.1 .. 0.1% 1 0.3 0.003 21 21 FEB 11 2 0.02 .. 0.01% 1 0.1 0.001 30 19 MAR 4 2 0.01 .. 0.01% 0.2 0.1 0.0004 4 22 APR 3 3 0.01 .. 0.01% 0.1 0.1 0.0003 1 21 MAY 61 7 0.1 .. 0.2% 3 0.3 0.01 - 21 JUN - - - .. 0.0% - - - - 23 JUL - - - - - - - - - 20 AUG - - - - - - - - - 22 SEP - - - - - - - - - 23 OCT - - - - - - - - - 20 NOV - - - - - - - - - 19 DEC - - - - - - - - -

FIAT

257 2004 29 598 5 121 89.3 .. 0.5% 115 20 0.3 3 382 256 2005 56 905 7 856 184.8 .. 0.7% 222 31 0.7 8 317 254 2006 70 304 8 351 392.3 .. 0.8% 277 33 1.5 6 760 252 2007 269 964 21 628 2 716.6 .. 1.5% 1 071 86 10.8 2 436 253 2008 204 574 13 384 1 311.6 .. 1.0% 809 53 5.2 5 916

22 JAN 2008 13 863 2 194 112.46 .. 0.5% 630 100 5.11 3 460 21 FEB 6 726 1 437 49.01 .. 0.3% 320 68 2.33 2 545 19 MAR 8 226 1 680 53.71 .. 0.4% 433 88 2.83 1 995 22 APR 81 757 1 043 585.9 .. 3.1% 3 716 47 26.6 41 733 21 MAY 39 922 676 293.4 .. 3.4% 1 901 32 14.0 1 651 21 JUN 5 407 879 33.7 .. 0.3% 257 42 1.6 1 792 23 JUL 7 281 1 025 37.6 - 0.4% 317 44.6 1.6 2 172 20 AUG 3 371 615 18.7 - 0.3% 169 30.8 0.9 1 861 22 SEP 5 000 987 26.4 - 0.2% 227 44.9 1.2 1 271 23 OCT 12 317 1 225 43.4 - 0.8% 536 53.3 1.9 6 613 20 NOV 12 553 886 36.5 - 1.9% 628 44.3 1.8 7 925 19 DEC 8 151 737 20.6 - 1.6% 429 38.8 1.1 5 916

TURN

OVE


Year 2008 • 82




FINMECCANICA

183 2005 7 864 597 60.5 .. 1.3% 43 3 0.3 84 254 2006 24 735 1 088 214.2 .. 2.2% 97 4 0.8 193 252 2007 38 488 1 344 437.6 .. 3.0% 153 5 1.7 59 253 2008 20 107 1 598 137.5 .. 1.1% 79 6 0.5 59

22 JAN 2008 536 134 5.1 .. 0.4% 24 6 0.2 150 21 FEB 274 85 2.8 .. 0.3% 13 4 0.1 42 19 MAR 244 68 2.5 .. 0.2% 13 4 0.1 15 22 APR 27 16 0.3 .. 0.03% 1 1 0.01 1 21 MAY 152 52 1.5 .. 0.1% 7 2 0.1 69 21 JUN 8 229 63 69.5 .. 3.2% 392 3 3.3 122 23 JUL 501 77 4.4 - 0.4% 22 3 0.2 202 20 AUG 141 32 1.3 - 0.2% 7 2 0.1 169 22 SEP 275 67 2.3 - 0.3% 13 3 0.1 126 23 OCT 4 030 396 20.6 - 1.9% 175 17 0.9 3 152 20 NOV 5 048 473 23.7 - 3.1% 252 24 1.2 489 19 DEC 650 135 3.3 - 0.6% 34 7 0.2 59

FONDIARIA-SAI

28 2006 311 32 1.1 .. 0.3% 1 0.1 0.004 110 252 2007 25 824 907 96.2 .. 1.7% 102 4 0.4 29 253 2008 21 487 1 028 50.9 .. 1.5% 85 4 0.2 110

22 JAN 2008 1 065 167 2.82 .. 0.6% 48 8 0.1 134 21 FEB 294 48 0.84 .. 0.2% 14 2 0.04 141 19 MAR 254 45 0.69 .. 0.2% 13 2 0.04 17 22 APR 2 670 62 6.69 .. 2.1% 121 3 0.3 2 549 21 MAY 12 945 120 32.68 .. 8.5% 616 6 1.6 15 113 21 JUN 267 55 0.6 .. 0.2% 13 3 0.03 94 23 JUL 440 79 0.9 - 0.3% 19 3.4 0.0 110 20 AUG 235 46 0.5 - 0.2% 12 2.3 0.0 134 22 SEP 593 78 1.0 - 0.3% 27 3.5 0.0 176 23 OCT 1 122 134 1.7 - 1.1% 49 5.8 0.1 168 20 NOV 1 357 161 2.2 - 1.7% 68 8.1 0.1 254 19 DEC 245 33 0.3 - 0.4% 13 1.7 0.0 110

GENERALI

257 2004 68 040 2 904 151.3 .. 0.5% 265 11 0.6 8 315 256 2005 230 551 3 131 557.3 .. 1.2% 901 12 2.2 2 378 254 2006 439 244 3 452 1 265.5 .. 2.1% 1 729 14 5.0 4 507 252 2007 150 717 2 731 505.3 .. 0.7% 598 11 2.0 778 253 2008 331 641 1 902 905.2 .. 2.0% 1 311 8 3.6 366

22 JAN 2008 4 203 346 12.6 .. 0.2% 191 16 0.6 2 335 21 FEB 4 459 274 12.7 .. 0.3% 212 13 0.6 1 579 19 MAR 1 201 122 3.4 .. 0.1% 63 6 0.2 648 22 APR 60 455 75 168.2 .. 3.9% 2 748 3 7.6 60 487 21 MAY 252 781 97 690.1 .. 14.3% 12 037 5 32.9 123 121 21 JUN 682 69 1.7 .. 0.1% 32 3 0.1 545 23 JUL 717 89 1.6 - 0.0% 31 4 0.1 656 20 AUG 244 70 0.6 - 0.0% 12 4 0.0 651 22 SEP 1 981 177 4.4 - 0.1% 90 8 0.2 276 23 OCT 2 247 257 4.8 - 0.1% 98 11 0.2 349 20 NOV 1 194 159 2.3 - 0.1% 60 8 0.1 382 19 DEC 1 477 167 2.8 - 0.2% 78 9 0.1 366


Year 2008 • 83

TURN

OVER




GEOX

158 2008 3 571 457 12.3 .. 1.2% 23 3 0.1 1

10 MAY 254 29 1.0 1.2% 25 3 0.1 109 21 JUN 201 39 0.7 0.4% 10 2 0.03 69 23 JUL 843 116 2.8 - 1.2% 37 5 0.1 139 20 AUG 252 44 1.0 - 0.6% 13 2 0.0 53 22 SEP 1 036 125 3.9 - 2.5% 47 6 0.2 101 23 OCT 768 72 2.4 - 2.0% 33 3 0.1 75 20 NOV 217 32 0.5 - 0.5% 11 2 0.0 68 19 DEC - - - - 0.0% - - - 1

GR. ED. L'ESPRESSO

183 2005 1 716 255 7.7 .. 0.8% 9 1 0.04 304 254 2006 5 564 576 23.1 .. 1.3% 22 2 0.1 941 252 2007 2 525 350 9.5 .. 0.7% 10 1 0.04 20 253 2008 1 380 331 2.9 .. 0.5% 5 1 0.01 -

22 JAN 2008 208 37 0.5 .. 0.8% 9 2 0.02 45 21 FEB 47 16 0.1 .. 0.2% 2 1 0.01 - 19 MAR 129 26 0.3 .. 0.6% 7 1 0.02 69 22 APR 378 27 0.9 .. 1.1% 17 1 0.04 299 21 MAY 113 35 0.3 .. 0.5% 5 2 0.01 20 21 JUN 128 44 0.2 .. 0.4% 6 2 0.01 41 23 JUL 126 40 0.2 - 0.4% 5 1.7 0.01 38 20 AUG 47 16 0.1 - 0.2% 2 0.8 0.00 1 22 SEP 120 49 0.2 - 0.3% 5 2.2 0.01 9 23 OCT 71 34 0.1 - 0.4% 3 1.5 0.00 16 20 NOV 13 7 0.0 - 0.2% 1 0.4 0.00 4 19 DEC - - - - 0.0% - - - -

IFIL

27 2007 153 12 0.5 .. 0.1% 6 0.4 0.02 65 253 2008 11 938 431 20.7 .. 0.8% 47 1.7 0.1 10

22 JAN 2008 68 9 0.2 .. 0.04% 3 0.4 0.01 42 21 FEB 111 11 0.3 .. 0.1% 5 0.5 0.01 59 19 MAR 123 11 0.3 .. 0.1% 6 0.6 0.02 3 22 APR 78 6 0.2 .. 0.1% 4 0.3 0.01 30 21 MAY 792 4 2.2 .. 0.8% 38 0.2 0.1 760 21 JUN 2 496 7 5.9 .. 2.2% 119 0.3 0.3 1 296 23 JUL 673 39 1.4 - 0.7% 29 1.7 0.1 1 771 20 AUG 283 29 0.6 - 0.4% 14 1.5 0.0 1 711 22 SEP 1 668 163 3.3 - 1.0% 76 7.4 0.2 259 23 OCT 4 694 70 5.3 - 3.4% 204 3.0 0.2 1 321 20 NOV 714 53 0.8 - 1.2% 36 2.7 0.0 1 069 19 DEC 238 29 0.3 - 0.7% 13 1.5 0.0 10

IMPREGILO

27 2007 367 46 0.8 .. 0.2% 14 2 0.03 107 253 2008 3 202 539 5.3 .. 0.1% 13 2 0.02 28

22 JAN 2008 386 68 0.8 .. 0.1% 18 3 0.04 44 21 FEB 101 30 0.2 .. 0.1% 5 1 0.01 32 19 MAR 449 77 0.7 .. 0.2% 24 4 0.04 64 22 APR 220 44 0.4 .. 0.1% 10 2 0.02 6 21 MAY 211 39 0.4 .. 0.1% 10 2 0.02 25 21 JUN 230 43 0.4 .. 0.1% 11 2 0.02 28 23 JUL 438 49 0.7 - 0.1% 19 2 0.03 82 20 AUG 185 38 0.3 - 0.1% 9 2 0.02 90 22 SEP 452 59 0.8 - 0.2% 21 3 0.03 118 23 OCT 245 45 0.3 - 0.1% 11 2 0.01 35 20 NOV 209 27 0.2 - 0.1% 10 1 0.01 17 19 DEC 76 20 0.1 - 0.1% 4 1 0.00 28

TURN

OVE


Year 2008 • 84




INTESA SANPAOLO

257 2004 15 683 1 426 51.4 .. 0.2% 61 6 0.2 10 140 256 2005 371 680 1 582 1 398.3 .. 5.5% 1 452 6 5.5 553 254 2006 376 758 1 354 1 802.4 .. 3.9% 1 483 5 7.1 173 252 2007 472 614 2 197 2 726.7 .. 2.2% 1 875 9 10.8 1 441 253 2008 240 207 2 468 1 039.6 .. 1.3% 949 10 4.1 363

22 JAN 2008 2 371 154 11.8 .. 0.1% 108 7 0.5 1 807 21 FEB 541 86 2.5 .. 0.04% 26 4 0.1 1 757 19 MAR 1 109 109 4.9 .. 0.1% 58 6 0.3 736 22 APR 40 326 82 179.9 .. 3.3% 1 833 4 8.2 40 052 21 MAY 172 926 103 753.5 .. 4.5% 8 235 5 35.9 80 287 21 JUN 14 700 117 60.2 .. 1.1% 700 6 2.9 283 23 JUL 1 670 236 6.0 - 0.1% 73 10.3 0.3 347 20 AUG 496 153 1.8 - 0.0% 25 7.7 0.1 378 22 SEP 1 248 413 4.8 - 0.1% 57 18.8 0.2 218 23 OCT 2 759 500 9.0 - 0.1% 120 21.7 0.4 730 20 NOV 1 209 311 3.2 - 0.1% 60 15.6 0.2 439 19 DEC 852 204 2.0 - 0.1% 45 10.7 0.1 363

INTESA SAN PAOLO RSP

199 2006 75 820 132 336.6 .. 6.1% 299 1 1.3 10 252 2007 192 696 185 1 069.3 .. 13.4% 765 1 4.2 23 253 2008 15 378 403 63.2 .. 1.3% 61 2 0.2 38

22 JAN 2008 218 18 1.0 .. 0.3% 10 1 0.05 50 21 FEB 188 35 0.8 .. 0.2% 9 2 0.04 34 19 MAR 255 41 1.0 .. 0.3% 13 2 0.1 16 22 APR 6 977 13 29.4 .. 5.6% 317 1 1.3 6 929 21 MAY 5 953 11 25.9 .. 1.5% 283 1 1.2 12 802 21 JUN 142 19 0.5 .. 0.3% 7 1 0.02 17 23 JUL 80 20 0.3 - 0.1% 3 1 0.0 39 20 AUG 93 18 0.3 - 0.2% 5 1 0.0 46 22 SEP 458 66 1.6 - 0.5% 21 3 0.1 90 23 OCT 435 60 1.2 - 0.4% 19 3 0.1 89 20 NOV 501 70 1.1 - 0.9% 25 4 0.1 47 19 DEC 78 32 0.1 - 0.2% 4 2 0.0 38

ITALCEMENTI

28 2006 176 19 0.4 .. 0.1% 1 0.1 0.001 47 252 2007 14 012 767 31.4 .. 0.6% 56 3 0.1 51 253 2008 14 293 1 100 15.9 .. 0.5% 56 4 0.1 128

22 JAN 2008 578 110 0.78 .. 0.2% 26 5 0.04 240 21 FEB 384 82 0.51 .. 0.2% 18 4 0.02 116 19 MAR 195 36 0.24 .. 0.1% 10 2 0.01 36 22 APR 5 350 63 7.23 .. 2.0% 243 3 0.3 5 083 21 MAY 14 10 0.02 .. 0.01% 1 0.5 0.001 5 002 21 JUN 20 5 0.02 .. 0.01% 1 0.2 0.001 18 23 JUL 956 117 0.9 - 0.3% 42 5.1 0.039 460 20 AUG 739 73 0.7 - 0.4% 37 3.7 0.034 307 22 SEP 2 731 238 2.7 - 0.7% 124 10.8 0.123 551 23 OCT 1 560 161 1.3 - 0.6% 68 7.0 0.057 95 20 NOV 1 164 138 1.0 - 1.3% 58 6.9 0.049 142 19 DEC 602 67 0.5 - 0.5% 32 3.5 0.028 128


Year 2008 • 85

TURN

OVER




LOTTOMATICA

28 2006 1 066 125 3.3 .. 0.4% 4 0.5 0.01 198 252 2007 30 777 1 418 93.9 .. 1.2% 122 6 0.4 79 253 2008 40 493 751 80.5 .. 2.0% 160 3 0.3 33

22 JAN 2008 404 75 1.0 .. 0.2% 18 3 0.04 79 21 FEB 255 39 0.6 .. 0.2% 12 2 0.03 150 19 MAR 576 90 1.2 .. 0.2% 30 5 0.1 151 22 APR 25 434 72 52.4 .. 10.3% 1 156 3 2.4 25 152 21 MAY 10 079 28 18.3 .. 4.4% 480 1 0.9 8 21 JUN 141 28 0.3 .. 0.1% 7 1 0.01 33 23 JUL 448 50 0.9 - 0.3% 19 2.2 0.0 214 20 AUG 316 41 0.7 - 0.3% 16 2.1 0.0 69 22 SEP 779 87 1.6 - 0.3% 35 4.0 0.1 85 23 OCT 1 075 124 1.8 - 0.8% 47 5.4 0.1 186 20 NOV 793 93 1.5 - 1.0% 40 4.7 0.1 71 19 DEC 193 24 0.3 - 0.4% 10 1.3 0.0 33

LUXOTTICA

183 2005 1 335 216 13.5 .. 0.5% 7 1 0.1 96 254 2006 14 680 781 154.5 .. 3.1% 58 3 0.6 471 252 2007 9 886 1 074 123.7 .. 1.5% 39 4 0.5 422 253 2008 7 150 1 149 59.1 .. 0.7% 28 5 0.2 436

22 JAN 2008 1 237 314 10.9 .. 0.8% 56 14 0.5 492 21 FEB 464 150 4.3 .. 0.4% 22 7 0.2 427 19 MAR 1 100 72 8.6 .. 1.2% 58 4 0.5 825 22 APR 1 080 50 9.4 .. 1.1% 49 2 0.4 1 810 21 MAY 274 80 2.5 .. 0.3% 13 4 0.1 1 837 21 JUN 70 36 0.6 .. 0.1% 3 2 0.03 817 23 JUL 114 65 0.9 - 0.1% 5 3 0.0 833 20 AUG 261 59 2.2 - 0.3% 13 3 0.1 829 22 SEP 589 58 5.3 - 0.6% 27 3 0.2 45 23 OCT 820 108 6.4 - 1.3% 36 5 0.3 110 20 NOV 419 64 3.1 - 1.2% 21 3 0.2 57 19 DEC 722 93 5.0 - 2.7% 38 5 0.3 436

MEDIASET

257 2004 24 833 2 562 223.0 .. 1.7% 97 10 0.9 421 256 2005 109 297 1 734 1 072.7 .. 4.8% 427 7 4.2 310 254 2006 101 888 1 049 944.7 .. 5.6% 401 4 3.7 421 252 2007 23 357 791 185.1 .. 1.4% 93 3 0.7 26 253 2008 13 341 681 70.3 .. 0.6% 53 3 0.3 23

22 JAN 2008 260 84 1.6 .. 0.1% 12 4 0.1 153 21 FEB 128 40 0.8 .. 0.1% 6 2 0.04 122 19 MAR 208 52 1.1 .. 0.1% 11 3 0.1 14 22 APR 5 186 44 27.5 .. 2.4% 236 2 1.3 5 035 21 MAY 5 152 32 28.7 .. 1.7% 245 2 1.4 10 029 21 JUN 66 30 0.3 .. 0.03% 3 1 0.01 29 23 JUL 273 67 1.2 - 0.1% 12 3 0.1 105 20 AUG 319 55 1.5 - 0.2% 16 3 0.1 102 22 SEP 364 56 1.7 - 0.2% 17 3 0.1 130 23 OCT 664 86 2.8 - 0.3% 29 4 0.1 289 20 NOV 593 102 2.5 - 0.6% 30 5 0.1 57 19 DEC 128 33 0.5 - 0.2% 7 2 0.0 23

TURN

OVE


Year 2008 • 86




MEDIOBANCA

221 2005 23 692 1 319 358.5 .. 2.8% 107 6 1.6 213 254 2006 58 615 1 561 557.0 .. 3.1% 231 6 2.2 1 501 252 2007 40 738 1 333 315.8 .. 1.6% 162 5 1.3 522 253 2008 57 471 986 235.5 .. 1.9% 227 4 0.93 47

22 JAN 2008 338 106 2.2 .. 0.1% 15 5 0.1 557 21 FEB 91 39 0.6 .. 0.1% 4 2 0.03 529 19 MAR 121 45 0.8 .. 0.1% 6 2 0.04 12 22 APR 162 45 1.1 .. 0.1% 7 2 0.05 31 21 MAY 130 29 0.8 .. 0.1% 6 1 0.04 69 21 JUN 151 65 0.8 .. 0.1% 7 3 0.04 48 23 JUL 643 122 3.2 - 0.3% 28 5 0.14 220 20 AUG 275 78 1.3 - 0.2% 14 4 0.07 60 22 SEP 1 055 198 5.1 - 0.4% 48 9 0.23 286 23 OCT 1 043 129 4.7 - 0.6% 45 6 0.21 282 20 NOV 53 322 77 214.3 - 28.6% 2 666 4 10.71 985 19 DEC 140 53 0.5 - 0.2% 7 3 0.03 47

MEDIOLANUM

73 2004 2 281 346 5.9 .. 0.4% 31 5 0.1 819 256 2005 14 710 1 450 39.7 .. 0.8% 57 6 0.2 1 356 254 2006 15 950 1 209 47.6 .. 0.8% 63 5 0.2 2 008 252 2007 10 236 1 229 31.1 .. 0.5% 41 5 0.1 63 253 2008 6 538 1 144 10.8 .. 0.4% 26 5 0.04 24

22 JAN 2008 433 79 1.0 .. 0.3% 20 4 0.05 138 21 FEB 344 74 0.7 .. 0.3% 16 4 0.03 174 19 MAR 402 62 0.8 .. 0.4% 21 3 0.04 90 22 APR 237 43 0.5 .. 0.2% 11 2 0.02 30 21 MAY 38 20 0.1 .. 0.0% 2 1 0.003 16 21 JUN 143 72 0.2 .. 0.1% 7 3 0.01 50 23 JUL 486 132 0.6 - 0.3% 21 6 0.03 163 20 AUG 434 94 0.7 - 0.4% 22 5 0.03 247 22 SEP 832 166 1.3 - 0.4% 38 8 0.06 369 23 OCT 1 693 197 2.7 - 2.0% 74 9 0.12 532 20 NOV 1 219 148 1.8 - 2.9% 61 7 0.09 583 19 DEC 277 57 0.4 - 0.9% 15 3 0.02 24

MONDADORI

67 2007 57 14 0.4 .. 0.1% 1 0.2 0.01 1 253 2008 3 713 549 13.8 .. 1.9% 15 2 0.05 31

22 JAN 2008 233 33 1.2 .. 0.8% 11 2 0.1 157 21 FEB 98 9 0.5 .. 0.7% 5 0.4 0.02 216 19 MAR 136 15 0.7 .. 1.3% 7 1 0.04 140 22 APR 110 12 0.6 .. 1.1% 5 1 0.03 1 21 MAY 136 22 0.7 .. 0.8% 6 1 0.03 32 21 JUN 149 23 0.6 .. 0.8% 7 1 0.03 60 23 JUL 626 97 2.3 - 4.8% 27 4 0.1 29 20 AUG 230 51 0.9 - 3.1% 12 3 0.0 50 22 SEP 531 57 2.0 - 3.2% 24 3 0.1 105 23 OCT 763 136 2.3 - 5.1% 33 6 0.1 136 20 NOV 582 68 1.6 - 11.5% 29 3 0.1 11 19 DEC 119 26 0.4 - 2.0% 6 1 0.0 31


Year 2008 • 87

TURN

OVER




PARMALAT

28 2006 213 19 0.7 .. 0.1% 1 0.1 0.003 179 252 2007 23 451 418 76.1 .. 0.9% 93 2 0.3 14 253 2008 119 067 638 240.5 .. 2.3% 471 3 1.0 133

22 JAN 2008 436 61 1.0 .. 0.2% 20 3 0.05 248 21 FEB 161 39 0.4 .. 0.1% 8 2 0.02 330 19 MAR 175 38 0.4 .. 0.1% 9 2 0.02 314 22 APR 68 262 55 153.8 .. 5.3% 3 103 3 7.0 19 199 21 MAY 8 062 40 14.9 .. 1.6% 384 2 0.7 311 21 JUN 189 60 0.3 .. 0.1% 9 3 0.02 76 23 JUL 108 50 0.2 - 0.0% 5 2 0.0 48 20 AUG 229 57 0.4 - 0.1% 11 3 0.0 45 22 SEP 30 263 60 54.5 - 3.0% 1 376 3 2.5 30 109 23 OCT 429 85 0.6 - 0.1% 19 4 0.0 115 20 NOV 10 402 61 13.5 - 4.1% 520 3 0.7 3 296 19 DEC 351 32 0.4 - 0.2% 18 2 0.0 133

PIRELLI & C.

221 2005 8 400 452 7.4 .. 0.2% 38 2 0.03 516 254 2006 74 049 568 56.4 .. 0.8% 292 2 0.2 77 252 2007 11 275 1 153 47.1 .. 0.5% 45 5 0.2 385 253 2008 6 734 332 18.4 .. 0.4% 27 1 0.1 6

22 JAN 2008 330 73 1.2 .. 0.2% 15 3 0.1 225 21 FEB 92 25 0.3 .. 0.1% 4 1 0.01 268 19 MAR 282 71 1.0 .. 0.2% 15 4 0.1 95 22 APR 51 13 0.1 .. 0.03% 2 1 0.01 11 21 MAY 5 733 12 15.4 .. 3.1% 273 1 0.7 17 21 JUN 37 20 0.1 .. 0.03% 2 1 0.004 10 23 JUL 43 26 0.1 - 0.0% 2 1 0.0 17 20 AUG 23 14 0.1 - 0.0% 1 1 0.0 11 22 SEP 24 15 0.1 - 0.0% 1 1 0.0 8 23 OCT 35 23 0.1 - 0.0% 2 1 0.0 16 20 NOV 40 16 0.1 - 0.1% 2 1 0.0 28 19 DEC 44 24 0.1 - 0.1% 2 1 0.0 6

PRYSMIAN

27 2007 273 37 0.5 .. 0.1% 10 1 0.02 12 253 2008 41 191 578 62.5 .. 1.4% 163 2 0.2 51

22 JAN 2008 160 18 0.2 .. 0.1% 7 1 0.01 20 21 FEB 23 10 0.03 .. 0.01% 1 0.5 0.001 7 19 MAR 113 22 0.1 .. 0.04% 6 1 0.01 13 22 APR 19 187 37 28.1 .. 4.5% 872 2 1.3 19 019 21 MAY 19 065 26 31.1 .. 9.8% 908 1 1.5 39 21 JUN 171 61 0.3 .. 0.1% 8 3 0.01 37 23 JUL 150 28 0.2 - 0.1% 7 1 0.01 4 20 AUG 63 7 0.1 - 0.0% 3 0 0.01 26 22 SEP 423 58 0.7 - 0.1% 19 3 0.03 63 23 OCT 422 52 0.4 - 0.1% 18 2 0.02 48 20 NOV 780 139 0.7 - 0.4% 39 7 0.03 50 19 DEC 634 120 0.6 - 0.3% 33 6 0.03 51

TURN

OVE


Year 2008 • 88




RCS67 2007 296 30 1 .. 0.5% 4 0.4 0.01

253 2008 1 049 261 2.1 .. 0.7% 4 1 0.01 66

22 JAN 2008 180 31 0.5 .. 0.9% 8 1 0.02 7 21 FEB 66 10 0.2 .. 0.5% 3 0.5 0.01 2 19 MAR 215 25 0.5 .. 2.4% 11 1 0.03 56 22 APR 91 9 0.2 .. 0.8% 4 0.4 0.01 5 21 MAY - - - .. 0.0% - - - - 21 JUN 28 14 0.05 .. 0.2% 1 1 0.002 18 23 JUL 40 31 0.1 - 0.2% 2 1 0.00 13 20 AUG 37 22 0.1 - 0.4% 2 1 0.00 4 22 SEP 178 54 0.3 - 0.6% 8 2 0.01 12 23 OCT 79 21 0.1 - 0.9% 3 1 0.00 24 20 NOV 50 12 0.1 - 1.5% 3 1 0.00 6 19 DEC 85 32 0.1 - 3.7% 4 2 0.00 66

SAIPEM28 2006 131 43 1.3 .. 0.1% 1 0.2 0.01 52

252 2007 29 093 1 987 356.7 .. 1.4% 115 8 1.4 59 253 2008 40 547 2 254 564.8 .. 2.5% 160 9 2.2 94

22 JAN 2008 1 334 326 16.5 .. 0.6% 61 15 0.7 210 21 FEB 1 282 316 16.6 .. 0.6% 61 15 0.8 394 19 MAR 858 160 11.1 .. 0.7% 45 8 0.6 31 22 APR 4 276 130 61.3 .. 2.8% 194 6 2.8 4 093 21 MAY 28 558 219 420.3 .. 14.5% 1 360 10 20.0 8 139 21 JUN 477 147 6.8 .. 0.4% 23 7 0.3 106 23 JUL 201 89 2.7 - 0.1% 9 4 0.1 68 20 AUG 185 85 2.3 - 0.2% 9 4 0.1 54 22 SEP 810 229 9.2 - 0.5% 37 10 0.4 201 23 OCT 901 245 6.9 - 0.4% 39 11 0.3 86 20 NOV 1 174 162 8.4 - 0.8% 59 8 0.4 58 19 DEC 491 146 2.8 - 0.5% 26 8 0.1 94

SARAS27 2007 42 4 0.2 .. 0.1% 2 0.1 0.01 -

253 2008 5 747 474 19.4 .. 0.9% 23 1.9 0.1 8

22 JAN 2008 373 58 1.3 .. 0.8% 17 3 0.1 61 21 FEB 3 3 0.01 .. 0.0% 0.1 0.1 0.00 3 19 MAR 60 27 0.2 .. 0.1% 3 1 0.01 14 22 APR 181 18 0.6 .. 0.2% 8 1 0.03 100 21 MAY 2 312 38 9.1 .. 2.5% 110 2 0.4 94 21 JUN 50 6 0.2 .. 0.1% 2 0 0.01 30 23 JUL 60 17 0.2 - 0.1% 3 1 0.0 5 20 AUG 17 5 0.1 - 0.0% 1 0 0.0 1 22 SEP 621 61 2.0 - 1.4% 28 3 0.1 57 23 OCT 1 190 134 3.2 - 3.2% 52 6 0.1 55 20 NOV 749 77 2.2 - 1.5% 37 4 0.1 192 19 DEC 131 30 0.3 - 0.7% 7 2 0.0 8

SEAT PAGINE GIALLE67 2007 2 2 0.003 .. 0.00% 0.03 0.03 0.00004

253 2008 592 145 0.5 .. 0.02% 2 1 0.002 -

22 JAN 2008 182 27 0.2 .. 0.04% 8 1 0.01 75 21 FEB 142 27 0.1 .. 0.04% 7 1 0.01 120 19 MAR 178 33 0.1 .. 0.02% 9 2 0.01 208 22 APR 53 28 0.03 .. 0.01% 2 1 0.002 8 21 MAY 1 1 0.001 .. 0.00% 0.05 0.05 0.00003 7 21 JUN 15 9 0.01 .. 0.00% 0.7 0.4 0.0003 4 23 JUL 10 10 0.003 - 0.00% 0.43 0.43 0.00015 5 20 AUG 10 9 0.005 - 0.00% 0.50 0.45 0.00023 1 22 SEP 1 1 0.001 - 0.00% 0.05 0.05 0.00003 - 23 OCT - - - - 0.00% - - - - 20 NOV - - - - 0.00% - - - - 19 DEC - - - - 0.00% - - - -


Year 2008 • 89

TURN

OVER




SNAM RETE GAS

221 2004 10 136 418 35.9 .. 0.4% 46 2 0.2 127 256 2005 266 263 1 306 1 119.0 .. 7.9% 1 040 5 4.4 290 254 2006 97 347 510 337.0 .. 4.5% 383 2 1.3 23 252 2007 45 626 394 204.4 .. 2.4% 181 2 0.8 15 253 2008 40 668 381 167.4 .. 2.1% 161 2 0.7 50

22 JAN 2008 215 39 0.9 .. 0.1% 10 2 0.04 70 21 FEB 125 34 0.6 .. 0.1% 6 2 0.03 57 19 MAR 77 16 0.3 .. 0.0% 4 1 0.02 64 22 APR 5 038 16 20.0 .. 2.8% 229 1 0.9 5 005 21 MAY 29 013 22 120.7 .. 15.9% 1 382 1 5.7 10 000 21 JUN 2 1 0.01 .. 0.002% 0.1 0.05 0.0004 2 23 JUL 380 43 1.5 - 0.3% 17 2 0.1 38 20 AUG 42 9 0.2 - 0.1% 2 0 0.0 3 22 SEP 32 10 0.1 - 0.0% 1 0 0.0 3 23 OCT 4 934 85 19.7 - 2.4% 215 4 0.9 354 20 NOV 434 55 1.8 - 0.5% 22 3 0.1 44 19 DEC 376 51 1.4 - 0.4% 20 3 0.1 50

STMICROELECTRONICS

257 2004 73 726 10 439 129.8 .. 0.2% 287 41 0.5 5 502 256 2005 31 375 4 947 42.2 .. 0.1% 123 19 0.2 1 029 254 2006 45 978 2 805 63.4 .. 0.2% 181 11 0.2 1 084 252 2007 18 505 1 328 24.9 .. 0.1% 73 5 0.1 1 471 253 2008 27 339 1 863 19.0 .. 0.1% 108 7 0.1 3 163

22 JAN 2008 1 218 220 1.04 .. 0.1% 55 10 0.05 651 21 FEB 2 812 246 2.36 .. 0.2% 134 12 0.1 1 141 19 MAR 1 031 101 0.70 .. 0.1% 54 5 0.04 387 22 APR 2 663 137 1.84 .. 0.1% 121 6 0.1 694 21 MAY 1 018 77 0.82 .. 0.1% 48 4 0.04 745 21 JUN 626 58 0.46 .. 0.04% 30 3 0.02 487 23 JUL 3 003 77 2.1 - 0.2% 131 3 0.1 2 905 20 AUG 2 854 113 2.4 - 0.2% 143 6 0.1 2 285 22 SEP 1 607 148 1.4 - 0.1% 73 7 0.1 1 229 23 OCT 4 564 293 3.0 - 0.3% 198 13 0.1 3 028 20 NOV 1 648 198 1.0 - 0.2% 82 10 0.0 1 127 19 DEC 4 295 195 2.0 - 0.8% 226 10 0.1 3 163

TELECOM ITALIA

257 2004 27 509 2 181 70.5 .. 0.1% 107 8 0.3 3 399 256 2005 656 421 2 787 1 796.5 .. 2.3% 2 564 11 7.0 19 546 253 2006 1 032 572 2 650 2 331.6 .. 2.9% 4 065 10 9.2 2 900 252 2007 626 182 2 489 1 403.1 .. 1.5% 2 485 10 5.6 648 253 2008 456 125 2 823 624.3 .. 1.3% 1 803 11 2.5 2 781

22 JAN 2008 605 120 1.3 .. 0.0% 28 5 0.1 533 21 FEB 980 255 1.8 .. 0.0% 47 12 0.1 623 19 MAR 4 231 631 5.9 .. 0.1% 223 33 0.3 1 180 22 APR 381 351 245 526.4 .. 6.6% 17 334 11 23.9 75 629 21 MAY 50 681 137 70.5 .. 2.1% 2 413 7 3.4 707 21 JUN 1 199 228 1.7 .. 0.1% 57 11 0.1 430 23 JUL 567 144 0.7 - 0.0% 25 6 0.0 535 20 AUG 939 219 1.0 - 0.1% 47 11 0.1 456 22 SEP 665 188 0.7 - 0.0% 30 9 0.0 412 23 OCT 2 326 271 2.0 - 0.1% 101 12 0.1 687 20 NOV 9 476 205 8.9 - 0.5% 474 10 0.4 2 963 19 DEC 3 105 180 3.4 - 0.2% 163 9 0.2 2 781

TURN

OVE


Year 2008 • 90




TELECOM ITALIA RSP

73 2004 1 195 124 2.6 .. 0.05% 16 2 0.0 737 256 2005 159 852 1 593 364.1 .. 1.8% 624 6 1.4 1 527 253 2006 472 053 1 273 951.2 .. 4.9% 1 858 5 3.7 3 880 252 2007 327 817 441 584.5 .. 3.5% 1 301 2 2.3 159 253 2008 309 240 581 332.2 .. 3.4% 1 222 2 1.31 16

22 JAN 2008 249 19 0.4 .. 0.0% 11 1 0.0 104 21 FEB 433 48 0.6 .. 0.1% 21 2 0.0 360 19 MAR 4 460 138 4.6 .. 0.3% 235 7 0.2 2 973 22 APR 261 937 115 280.7 .. 10.3% 11 906 5 12.8 87 306 21 MAY 40 273 33 44.5 .. 6.1% 1 918 2 2.1 32 21 JUN 89 12 0.1 .. 0.02% 4 1 0.004 63 23 JUL 583 28 0.6 - 0.1% 25 1 0.0 556 20 AUG 248 33 0.2 - 0.1% 12 2 0.0 314 22 SEP 167 21 0.1 - 0.0% 8 1 0.0 92 23 OCT 375 68 0.3 - 0.0% 16 3 0.0 126 20 NOV 198 27 0.1 - 0.0% 10 1 0.0 156 19 DEC 228 39 0.2 - 0.1% 12 2 0.0 16

TENARIS

28 2006 5 687 821 52.8 .. 0.8% 22 3 0.2 2 938 252 2007 40 771 5 440 356.9 .. 1.2% 162 22 1.4 897 253 2008 16 209 2 987 117.4 .. 0.6% 64 12 0.5 161

22 JAN 2008 914 233 6.0 .. 0.4% 42 11 0.3 407 21 FEB 2 808 322 18.7 .. 1.2% 134 15 0.9 2 110 19 MAR 1 999 212 15.4 .. 1.0% 105 11 0.8 1 797 22 APR 984 156 8.2 .. 0.6% 45 7 0.4 1 122 21 MAY 1 218 248 11.2 .. 0.7% 58 12 0.5 1 093 21 JUN 1 571 295 16.6 .. 0.6% 75 14 0.8 785 23 JUL 1 147 320 11.7 - 0.00 50 14 0.5 674 20 AUG 276 148 2.5 - 0.00 14 7 0.1 418 22 SEP 1 135 320 8.9 - 0.00 52 15 0.4 523 23 OCT 1 602 289 7.7 - 0.00 70 13 0.3 1 027 20 NOV 2 163 317 8.9 - 0.01 108 16 0.4 408 19 DEC 392 127 1.5 - 0.00 21 7 0.1 161

TERNA

73 2004 7 987 142 77.5 .. 5.7% 109 2 1.1 206 256 2005 16 493 756 170.9 .. 2.5% 64 3 0.7 46 254 2006 46 459 411 518.3 .. 8.2% 183 2 2.0 56 252 2007 15 050 1 251 200.4 .. 2.5% 60 5 0.8 22 253 2008 20 458 955 281.3 .. 3.4% 81 4 1.11 19

22 JAN 2008 335 263 4.8 .. 0.4% 15 12 0.2 39 21 FEB 205 114 2.9 .. 0.3% 10 5 0.1 9 19 MAR 41 21 0.6 .. 0.1% 2 1 0.03 13 22 APR 177 50 2.5 .. 0.4% 8 2 0.1 19 21 MAY 336 137 4.8 .. 0.8% 16 7 0.2 26 21 JUN 13 504 97 187.7 .. 15.5% 643 5 8.9 6 423 23 JUL 5 058 79 68.3 - 10.2% 220 3 3.0 20 20 AUG 144 33 1.9 - 0.4% 7 2 0.1 16 22 SEP 121 28 1.6 - 0.3% 6 1 0.1 14 23 OCT 287 68 3.3 - 0.5% 12 3 0.1 124 20 NOV 109 30 1.3 - 0.4% 5 2 0.1 38 19 DEC 141 35 1.6 - 0.5% 7 2 0.1 19


Year 2008 • 91

TURN

OVER




TISCALI

201 2004 16 394 2 795 49.7 .. 0.6% 82 14 0.2 686 256 2005 11 226 1 872 29.8 .. 0.6% 44 7 0.1 612 254 2006 12 336 1 268 30.4 .. 1.0% 49 5 0.1 3 197 252 2007 25 114 1 170 63.3 .. 1.9% 100 5 0.3 1 217 253 2008 34 756 2 954 67.1 .. 1.0% 137 12 0.3 116

22 JAN 2008 1 661 195 2.7 .. 0.7% 76 9 0.1 1 597 21 FEB 3 984 379 7.2 .. 0.6% 190 18 0.3 2 867 19 MAR 3 114 261 5.1 .. 1.1% 164 14 0.3 1 408 22 APR 5 065 435 11.4 .. 0.9% 230 20 0.5 2 878 21 MAY 5 401 453 13.4 .. 1.2% 257 22 0.6 2 714 21 JUN 5 832 422 12.9 .. 1.8% 278 20 0.6 2 982 23 JUL 5 106 379 8.0 - 1.7% 222 16 0.3 1 926 20 AUG 2 398 191 3.7 - 1.7% 120 10 0.2 1 284 22 SEP 1 531 149 2.1 - 0.8% 70 7 0.1 538 23 OCT 320 60 0.3 - 0.1% 14 3 0.01 284 20 NOV 60 7 0.05 - 0.02% 3 0 0.002 246 19 DEC 284 23 0.2 - 0.3% 15 1 0.01 116

UBI

201 2004 10 574 567 71.4 .. 2.8% 53 3 0.4 1 410 256 2005 39 456 1 304 321.3 .. 5.4% 154 5 1.3 290 254 2006 24 381 969 247.5 .. 2.6% 96 4 1.0 479 252 2007 21 883 941 231.5 .. 1.6% 87 4 0.9 226 253 2008 12 367 925 95.4 .. 1.0% 49 4 0.4 13

22 JAN 2008 2 327 171 19.7 .. 1.7% 106 8 0.9 1 749 21 FEB 745 51 6.1 .. 0.7% 35 2 0.3 1 776 19 MAR 2 148 87 16.3 .. 1.6% 113 5 0.9 1 760 22 APR 3 977 29 31.9 .. 3.4% 181 1 1.5 4 891 21 MAY 176 39 1.5 .. 0.1% 8 2 0.1 4 636 21 JUN 205 68 1.6 .. 0.2% 10 3 0.1 1 091 23 JUL 279 133 2.1 - 0.2% 12 6 0.1 1 100 20 AUG 65 24 0.5 - 0.1% 3 1 0.0 1 072 22 SEP 769 164 5.7 - 0.6% 35 7 0.3 1 067 23 OCT 428 105 2.7 - 0.4% 19 5 0.1 967 20 NOV 1 163 30 6.8 - 1.6% 58 2 0.3 27 19 DEC 85 24 0.5 - 0.1% 4 1 0.0 13

UNICREDIT

257 2004 103 056 1 431 390.7 .. 0.7% 401 6 1.5 850 256 2005 546 903 2 342 2 329.9 .. 3.2% 2 136 9 9.1 1 400 254 2006 597 120 3 037 3 553.9 .. 3.0% 2 351 12 14.0 303 252 2007 1 086 976 4 689 7 859.0 .. 3.3% 4 313 19 31.2 1 250 253 2008 483 751 6 263 2 134.5 .. 1.3% 1 912 25 8.4 2 457

22 JAN 2008 2 458 485 12.8 .. 0.1% 112 22 0.6 1 190 21 FEB 842 279 4.1 .. 0.03% 40 13 0.2 1 048 19 MAR 7 913 357 34.6 .. 0.2% 416 19 1.8 410 22 APR 41 786 362 195.9 .. 1.3% 1 899 16 8.9 40 243 21 MAY 394 958 351 1 782.2 .. 7.0% 18 808 17 84.9 140 327 21 JUN 4 452 426 18.1 .. 0.2% 212 20 0.9 2 283 23 JUL 3 177 584 11.9 - 0.1% 138 25 0.5 2 836 20 AUG 1 169 279 4.5 - 0.1% 58 14 0.2 2 548 22 SEP 11 138 939 38.4 - 0.2% 506 43 1.7 2 705 23 OCT 4 933 941 12.4 - 0.1% 214 41 0.5 3 042 20 NOV 8 437 752 15.7 - 0.3% 422 38 0.8 3 183 19 DEC 2 488 508 4.0 - 0.1% 131 27 0.2 2 457

TURN

OVE


Year 2008 • 92




UNIPOL

27 2007 72 23 0.2 .. 0.03% 3 1 0.01 1

253 2008 5 190 421 9.6 .. 0.3% 21 2 0.04 79

22 JAN 2008 353 90 0.7 .. 0.2% 16 4 0.03 275

21 FEB 180 49 0.3 .. 0.1% 9 2 0.02 190

19 MAR 134 37 0.2 .. 0.1% 7 2 0.01 42

22 APR 3 566 11 7.0 .. 1.8% 162 1 0.3 3 529

21 MAY 67 15 0.1 .. 0.02% 3 1 0.01 3 512

21 JUN 20 7 0.03 .. 0.01% 1 0.3 0.002 21

23 JUL 42 9 0.1 - 0.03% 2 0 0.003 17

20 AUG 89 19 0.2 - 0.1% 4 1 0.01 16

22 SEP 77 21 0.1 - 0.1% 4 1 0.01 28

23 OCT 304 43 0.4 - 0.4% 13 2 0.02 36

20 NOV 274 83 0.3 - 0.5% 14 4 0.02 61

19 DEC 84 37 0.1 - 0.2% 4 2 0.005 79

(1) Stock futures trading began on 22.7.2002 (Enel, Eni, Telecom Italia, Tim e Unicredito Italiano), on 20.1.2003 (Generali eSTMicroelectronics), on 24.3.2003 (Banca Intesa, Capitalia e Fiat), on 23.6.2003 (Mediaset e San Paolo-Imi), on 4.8.2003(Telecom Italia), on 22.3.2004 (Banche Popolari Unite, Banco Pop. di Verona e Novara, E.Biscom e Tiscali), on 20.09.2004(Mediolanum, Telecom Italia rsp e Terna), on 21.2.2005 (Autostrade, Banca Fideuram, Banca Monte dei Paschi di Siena,Mediobanca e Pirelli & C.), and on 18.4.2005 (Alleanza, Aem, Autogrill, Bulgari, Finmeccanica, Gr. Ed. l'Espresso eLuxottica), on 20.3.2006 (Banca Intesa rsp), on 20.11.2006 (Banca Pop Milano, Fondiaria-Sai, Italcementi, Lottomatica,Parmalat, Saipem, Tenaris), on 24.09.2007 (Acea, Mondadori Editore, Ras Mediagroup, Seat Pagine Gialle), on 19.11.2007(Buzzi Unicem, Prysmian, Impregilo, Unipol, Erg, Ifil, Saras), on 15.05.2008 (Geox).

(2) The notional turnover is computed as the product of contracts number, prices and sizes.(3) As percentage on shares turnover (underlying shares).(4) Open positions at the end of period (net figures).


Year 2008 • 93

TURN

OVER

IDEM - STOCK OPTIONS TRADINGTURNOVER (2) OPEN _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _



ACEA

257 2004 1 817 447 12.5 0.4 1.7% 7 2 0.05 304 256 2005 2 151 467 18.9 0.6 2.0% 8 2 0.1 272 254 2006 3 377 617 37.1 1.7 3.0% 13 2 0.1 366 252 2007 2 009 541 27.8 0.7 1.9% 8 2 0.1 134 253 2008 1 386 287 8.3 0.4 0.7% 5 1 0.03 16

22 JAN 2008 331 54 2.2 0.1 1.4% 15 2 0.1 339 21 FEB 46 17 0.3 0.01 0.3% 2 1 0.01 290 19 MAR 63 31 0.4 0.01 0.5% 3 2 0.02 76 22 APR 78 32 0.5 0.02 0.4% 4 1 0.02 88 21 MAY 135 27 0.8 0.02 0.6% 6 1 0.04 183 21 JUN 32 15 0.2 0.005 0.2% 2 1 0.01 184 23 JUL 417 38 2.5 0.3 3.0% 18 2 0.1 445 20 AUG 23 11 0.14 0.003 0.1% 1 1 0.01 443 22 SEP 136 20 0.7 0.02 0.6% 6 1 0.03 508 23 OCT 34 12 0.2 0.01 0.1% 1 1 0.01 494 20 NOV 80 21 0.4 0.02 0.7% 4 1 0.02 509 19 DEC 11 9 0.1 0.004 0.2% 1 0.5 0.003 16

A2A

257 2004 9 005 966 36.4 1.0 3.1% 35 4 0.1 3 023 256 2005 33 667 3 792 145.2 3.6 6.6% 132 15 0.6 2 218 254 2006 28 202 2 858 139.5 4.2 3.7% 111 11 0.5 4 230 252 2007 28 822 2 771 193.0 6.1 2.8% 114 11 0.8 2 333 253 2008 20 557 2 434 115.5 4.8 1.8% 81 10 0.5 2 113

22 JAN 2008 2 214 279 15.9 0.6 1.7% 101 13 0.7 2 838 21 FEB 2 276 253 15.6 0.5 2.6% 108 12 0.7 3 067 19 MAR 2 490 291 15.7 1.2 2.9% 131 15 0.8 2 044 22 APR 2 072 269 12.1 0.6 2.2% 94 12 0.5 2 467 21 MAY 1 656 211 10.0 0.26 1.4% 79 10 0.5 2 532 21 JUN 1 323 202 8.2 0.3 0.8% 63 10 0.4 1 392 23 JUL 1 228 163 6.9 0.2 1.4% 53 7 0.3 1 593 20 AUG 1 794 232 9.6 0.2 2.7% 90 12 0.5 2 339 22 SEP 1 061 155 5.3 0.2 1.4% 48 7 0.2 1 697 23 OCT 1 115 101 4.2 0.3 1.3% 48 4 0.2 1 865 20 NOV 1 381 137 5.4 0.3 2.9% 69 7 0.3 1 682 19 DEC 1 947 141 6.6 0.3 4.7% 102 7 0.3 2 113

ALITALIA

257 2004 16 618 1 263 19.6 1.4 1.4% 65 5 0.1 1 358 256 2005 12 376 1 068 19.3 1.7 1.6% 48 4 0.1 3 945 254 2006 64 561 2 424 65.7 5.0 1.1% 254 10 0.3 25 832 252 2007 134 539 4 827 132.4 11.6 2.7% 534 19 0.5 5 501 234 2008 2 410 98 1.3 0.1 0.3% 10 0 0.01 -

22 JAN 2008 149 10 0.1 0.005 0.1% 7 0.5 0.01 5 564 21 FEB 1 1 0.0007 0.0001 0.001% 0.05 0.05 0.00003 5 551 19 MAR 1 945 62 0.9 0.1 0.5% 102 3 0.05 2 845 22 APR 232 12 0.2 0.004 0.4% 11 1 0.01 2 447 21 MAY 83 13 0.04 0.01 0.4% 4 1 0.002 2 453

2 JUN .. .. .. .. .. .. .. .. 1 056 23 JUL .. .. .. .. .. .. .. .. 1 056 20 AUG .. .. .. .. .. .. .. .. 1 056 22 SEP .. .. .. .. .. .. .. .. 1 23 OCT .. .. .. .. .. .. .. .. 1 20 NOV .. .. .. .. .. .. .. .. 1 19 DEC .. .. .. .. ..

TURN

OVE


Year 2008 • 94




ALLEANZA

257 2004 165 623 12 584 786.4 34.6 9.8% 644 49 3.1 19 567 256 2005 265 393 13 425 1 324.0 40.2 10.0% 1 037 52 5.2 63 033 254 2006 410 237 18 334 2 016.0 58.1 16.1% 1 615 72 7.9 42 797 252 2007 372 609 19 910 1 840.8 50.6 15.9% 1 479 79 7.3 41 135 253 2008 224 844 12 849 896.2 51.5 16.2% 889 51 3.5 14 914

22 JAN 2008 30 814 1 745 136.8 5.5 15.1% 1 401 79 6.2 58 048 21 FEB 29 948 1 444 132.1 5.6 25.6% 1 426 69 6.3 59 712 19 MAR 37 003 1 561 157.9 11.6 28.1% 1 948 82 8.3 50 659 22 APR 10 585 851 44.4 1.1 9.1% 481 39 2.0 45 681 21 MAY 33 548 1 863 145.9 9.2 18.3% 1 598 89 6.9 38 557 21 JUN 16 832 931 63.5 2.5 14.9% 802 44 3.0 30 042 23 JUL 21 083 1 028 75.3 6.5 16.2% 917 45 3.3 27 685 20 AUG 5 851 465 20.1 0.9 8.9% 293 23 1.0 25 825 22 SEP 11 847 905 40.0 1.5 8.8% 539 41 1.8 20 908 23 OCT 8 794 614 24.6 2.0 8.0% 382 27 1.1 22 633 20 NOV 5 368 437 14.8 1.2 9.7% 268 22 0.7 21 251 19 DEC 13 171 1 005 40.7 4.1 18.0% 693 53 2.1 14 914

ATLANTIA

257 2004 253 858 10 652 4 038.6 125.7 47.3% 988 41 15.7 65 970 256 2005 622 481 11 419 7 555.0 233.0 35.0% 2 432 45 29.5 77 861 254 2006 275 981 5 993 2 967.3 58.6 13.9% 1 087 24 11.7 15 050 252 2007 168 692 7 678 2 062.2 52.3 10.3% 669 30 8.2 11 163 253 2008 142 202 5 211 1 356.3 51.4 9.2% 562 21 5.4 4 827

22 JAN 2008 20 768 942 253.3 7.8 14.1% 944 43 11.5 18 220 21 FEB 3 891 286 42.9 1.4 4.1% 185 14 2.0 16 624 19 MAR 7 322 372 77.5 3.2 7.5% 385 20 4.1 11 825 22 APR 5 138 348 53.9 1.7 5.5% 234 16 2.4 12 189 21 MAY 8 363 360 92.7 3.7 4.3% 398 17 4.4 16 855 21 JUN 10 849 511 118.9 3.2 7.7% 517 24 5.7 17 170 23 JUL 10 870 538 100.3 4.5 7.5% 473 23 4.4 23 036 20 AUG 10 783 332 105.1 3.3 14.3% 539 17 5.3 27 212 22 SEP 16 437 660 151.4 10.3 11.5% 747 30 6.9 22 209 23 OCT 8 743 347 67.4 2.9 7.7% 380 15 2.9 27 042 20 NOV 35 129 263 267.1 8.4 19.7% 1 756 13 13.4 30 285 19 DEC 3 909 252 25.8 1.1 4.9% 206 13 1.4 4 827

AUTOGRILL

201 2004 55 378 1 122 328.4 8.7 14.1% 276 6 1.6 17 662 256 2005 41 413 1 881 245.2 7.1 7.4% 162 7 1.0 5 525 254 2006 58 519 2 385 364.8 13.1 7.9% 230 9 1.4 6 160 252 2007 59 470 2 897 433.4 8.7 9.2% 236 11 1.7 6 795 253 2008 33 878 4 048 154.9 5.8 4.8% 134 16 0.6 1 567



Year 2008 • 95

TURN

OVER




BANCA MPS

257 2004 52 186 2 973 130.0 3.9 3.7% 203 12 0.5 9 549 256 2005 164 032 6 465 550.5 17.5 7.2% 641 25 2.2 30 154 254 2006 151 373 7 079 715.4 20.0 7.1% 596 28 2.8 30 725 252 2007 185 373 8 988 903.9 26.5 7.3% 736 36 3.6 14 670 253 2008 384 873 9 623 770.7 39.1 9.2% 1 521 38 3.0 72 178

22 JAN 2008 12 577 737 44.1 2.2 6.1% 572 34 2.0 20 037 21 FEB 12 611 507 40.4 1.8 8.3% 601 24 1.9 24 287 19 MAR 12 551 519 37.2 1.3 7.8% 661 27 2.0 14 058 22 APR 19 662 696 54.2 3.0 5.4% 894 32 2.5 23 628 21 MAY 31 663 1 062 71.1 3.4 5.1% 1 508 51 3.4 37 663 21 JUN 38 130 1 074 72.6 2.7 9.6% 1 816 51 3.5 47 821 23 JUL 76 111 1 203 134.8 8.5 16.4% 3 309 52 5.9 85 437 20 AUG 27 518 739 52.8 1.9 7.6% 1 376 37 2.6 85 031 22 SEP 58 968 1 060 108.4 6.1 10.4% 2 680 48 4.9 79 083 23 OCT 33 904 835 60.5 4.5 11.7% 1 474 36 2.6 77 800 20 NOV 33 481 593 50.8 2.1 19.8% 1 674 30 2.5 81 981 19 DEC 27 697 598 43.8 1.7 18.4% 1 458 31 2.3 72 178

BANCA POP MILANO

28 2006 1 123 85 7.0 0.3 0.7% 4 0.3 0.03 660 252 2007 83 844 5 164 491.0 15.6 4.0% 333 20.5 1.9 11 328 253 2008 106 066 4 943 288.1 14.7 4.2% 419 20 1.1 34 177

22 JAN 2008 5 737 526 25.9 1.9 3.4% 261 24 1.2 12 913 21 FEB 4 178 335 19.1 1.2 3.4% 199 16 0.9 13 829 19 MAR 3 376 272 13.0 1.1 2.1% 178 14 0.7 5 763 22 APR 4 628 578 18.3 0.9 2.5% 210 26 0.8 6 307 21 MAY 5 116 527 19.4 0.9 1.6% 244 25 0.9 7 250 21 JUN 3 225 322 10.8 0.4 2.1% 154 15 0.5 5 622 23 JUL 3 954 408 12.4 0.5 2.3% 172 18 0.5 7 196 20 AUG 3 058 320 10.4 0.5 3.3% 153 16 0.5 7 482 22 SEP 4 720 522 15.7 0.5 2.4% 215 24 0.7 6 301 23 OCT 28 717 330 61.2 3.7 12.5% 1 249 14 2.7 32 088 20 NOV 27 176 460 57.6 2.2 28.2% 1 359 23 2.9 51 292 19 DEC 12 181 343 24.4 0.9 13.8% 641 18 1.3 34 177

BANCO POPOLARE

126 2007 107 665 8 332.0 927.1 45.5 8.5% 854 66 7.4 22 425 253 2008 138 506 9 873 810.5 55.4 5.9% 547 39 3.2 15 727

22 JAN 2008 18 449 1 157 128.72 8.0 9.1% 839 53 5.9 26 652 21 FEB 15 570 960 104.6 7.8 8.7% 741 46 5.0 30 855 19 MAR 15 881 838 94.7 6.7 8.1% 836 44 5.0 27 051 22 APR 10 162 841 64.8 2.5 4.5% 462 38 2.9 26 743 21 MAY 13 369 857 86.0 4.1 4.1% 637 41 4.1 28 828 21 JUN 7 471 628 44.0 2.5 4.4% 356 30 2.1 23 149 23 JUL 9 815 855 57.5 3.7 5.4% 427 37 2.5 22 787 20 AUG 7 424 739 49.1 1.8 5.4% 371 37 2.5 24 124 22 SEP 10 792 1 020 65.2 2.8 4.5% 491 46 3.0 18 868 23 OCT 8 325 742 41.8 4.4 4.3% 362 32 1.8 18 692 20 NOV 7 135 453 32.1 5.4 7.2% 357 23 1.6 15 048 19 DEC 14 113 783 42.3 5.9 7.2% 743 41 2.2 15 727

TURN

OVE


Year 2008 • 96




BULGARI

201 2004 815 189 6.9 0.2 0.3% 4 1 0.03 191 256 2005 13 389 525 125.6 3.2 3.2% 52 2 0.5 10 235 254 2006 46 579 1 984 478.5 13.2 9.4% 183 8 1.9 1 841 252 2007 10 887 1 599 118.5 3.2 2.6% 43 6 0.5 1 139 253 2008 23 191 2 243 156.5 8.3 4.1% 92 9 0.6 1 179

22 JAN 2008 1 259 145 9.8 0.6 1.9% 57 7 0.4 2 103 21 FEB 1 100 148 8.6 0.4 2.5% 52 7 0.4 2 787 19 MAR 1 598 157 11.6 0.5 3.6% 84 8 0.6 1 717 22 APR 1 097 176 8.3 0.4 2.2% 50 8 0.4 1 708 21 MAY 2 314 239 17.8 0.7 3.6% 110 11 0.8 2 177 21 JUN 1 598 167 11.0 0.4 4.5% 76 8 0.5 2 420 23 JUL 1 033 207 6.6 0.3 2.0% 45 9 0.3 2 227 20 AUG 4 312 140 28.9 1.9 10.5% 216 7 1.4 5 224 22 SEP 4 172 316 28.0 1.4 6.7% 190 14 1.3 4 781 23 OCT 2 713 259 15.5 1.1 5.9% 118 11 0.7 5 845 20 NOV 1 324 174 7.2 0.5 4.7% 66 9 0.4 6 218 19 DEC 671 115 3.2 0.2 5.2% 35 6 0.2 1 179

BUZZI UNICEM

27 2007 385 28 0.7 0.03 0.2% 14 1 0.03 222 253 2008 43 720 1 317 49.7 2.6 1.6% 173 5 0.2 29 382

22 JAN 2008 910 54 1.4 0.1 0.5% 41 2 0.1 1 004 21 FEB 711 48 1.2 0.04 0.4% 34 2 0.1 844 19 MAR 754 41 1.2 0.1 0.5% 40 2 0.1 905 22 APR 1 028 55 1.7 0.1 0.6% 47 3 0.1 1 059 21 MAY 1 083 81 2.0 0.1 0.3% 52 4 0.1 1 182 21 JUN 1 010 62 1.8 0.1 0.6% 48 3 0.1 1 410 23 JUL 674 45 1.0 0.04 0.3% 29 2 0.04 1 063 20 AUG 537 31 0.8 0.03 0.3% 27 2 0.04 805 22 SEP 631 41 0.8 0.03 0.3% 29 2 0.04 642 23 OCT 1 646 170 1.5 0.11 1.0% 72 7 0.07 1 779 20 NOV 30 985 505 32.3 1.80 32.3% 1 549 25 1.61 28 568 19 DEC 3 751 184 4.0 0.28 4.3% 197 10 0.21 29 382

ENEL

257 2004 766 575 35 681 2 476.7 67.3 4.0% 2 983 139 9.6 94 138 256 2005 817 551 30 470 2 904.5 65.6 3.9% 3 194 119 11.3 137 650 254 2006 933 303 32 300 3 300.9 75.6 4.3% 3 674 127 13.0 123 226 252 2007 1 301 618 32 650 5 195.5 122.9 5.4% 5 165 130 20.6 173 247 253 2008 1 988 463 38 096 6 323.5 338.8 8.2% 7 860 151 25.0 381 118

22 JAN 2008 114 668 3 878 452.5 14.6 5.4% 5 212 176 20.6 209 684 21 FEB 156 877 3 456 589.1 21.0 11.0% 7 470 165 28.1 275 119 19 MAR 200 758 3 568 710.1 20.3 11.8% 10 566 188 37.4 270 451 22 APR 128 265 2 833 456.8 16.4 9.4% 5 830 129 20.8 282 160 21 MAY 144 389 2 942 517.0 17.7 10.2% 6 876 140 24.6 314 293 21 JUN 158 374 2 990 540.6 16.5 4.0% 7 542 142 25.7 291 435 23 JUL 168 770 3 337 526.7 19.8 9.2% 7 338 145 22.9 351 886 20 AUG 91 519 2 201 292.5 12.1 7.3% 4 576 110 14.6 332 617 22 SEP 150 587 2 638 458.4 20.1 8.6% 6 845 120 20.8 344 092 23 OCT 240 308 4 241 676.3 48.1 8.9% 10 448 184 29.4 434 722 20 NOV 144 640 3 150 396.9 19.4 5.1% 7 232 158 19.8 424 605 19 DEC 289 308 2 862 706.5 112.8 21.0% 15 227 151 37.2 381 118


Year 2008 • 97

TURN

OVER




ENI

257 2004 617 097 38 340 5 130.5 129.6 5.9% 2 401 149 20.0 100 512 256 2005 723 372 45 040 7 758.9 198.2 4.9% 2 826 176 30.3 79 164 254 2006 873 148 47 047 10 403.4 268.0 6.6% 3 438 185 41.0 127 808 252 2007 1 051 142 51 156 13 202.7 347.7 6.7% 4 171 203 52.4 136 458 253 2008 1 390 371 52 864 15 695.7 636.8 10.1% 5 496 209 62.0 160 656

22 JAN 2008 123 087 5 341 1 445.5 48.1 11.7% 5 595 243 65.7 177 913 21 FEB 114 526 4 372 1 292.7 44.1 12.8% 5 454 208 61.6 206 358 19 MAR 98 582 3 574 1 119.4 41.6 12.4% 5 189 188 58.9 182 464 22 APR 133 585 5 310 1 589.2 50.1 14.4% 6 072 241 72.2 231 762 21 MAY 279 436 6 417 3 600.4 120.8 12.9% 13 306 306 171.4 262 783 21 JUN 108 870 3 676 1 352.4 32.5 12.7% 5 184 175 64.4 198 643 23 JUL 87 034 4 142 1 017.2 36.9 12.8% 3 784 180 44.2 217 342 20 AUG 53 228 2 530 589.4 20.0 8.9% 2 661 127 29.5 212 650 22 SEP 99 862 4 708 1 047.6 49.0 3.3% 4 539 214 47.6 180 564 23 OCT 109 901 5 758 974.1 73.4 7.0% 4 778 250 42.4 206 775 20 NOV 84 422 3 544 768.9 53.1 10.2% 4 221 177 38.4 232 544 19 DEC 97 838 3 492 898.9 67.3 14.3% 5 149 184 47.3 160 656

ERG

27 2007 137 21 0.9 0.01 0.2% 5 1 0.03 68 253 2008 47 835 3 077 326.5 14.3 7.5% 189 12 1.3 4 518

22 JAN 2008 261 34 1.5 0.03 0.4% 12 2 0.1 174 21 FEB 1 502 172 9.5 0.4 1.9% 72 8 0.5 1 421 19 MAR 5 014 191 34.9 1.6 5.7% 264 10 1.8 3 224 22 APR 3 166 166 24.4 0.8 4.1% 144 8 1.1 3 962 21 MAY 4 765 296 35.9 1.2 8.8% 227 14 1.7 4 856 21 JUN 9 554 492 75.3 1.6 13.1% 455 23 3.6 5 251 23 JUL 8 092 694 53.9 2.32 15.8% 352 30 2.34 7 836 20 AUG 1 535 244 10.0 0.26 3.7% 77 12 0.50 7 832 22 SEP 2 422 211 15.5 0.61 5.8% 110 10 0.70 6 105 23 OCT 6 224 339 35.7 3.63 19.5% 271 15 1.55 8 336 20 NOV 3 552 173 20.3 1.27 14.5% 178 9 1.01 9 487 19 DEC 1 748 65 9.7 0.49 13.9% 92 3 0.51 4 518

FASTWEB

257 2004 41 485 3 635 188.1 6.1 3.4% 161 14 0.7 5 652 256 2005 90 989 6 045 358.0 15.7 4.5% 355 24 1.4 18 614 254 2006 155 465 9 121 587.1 22.0 6.1% 612 36 2.3 19 974 252 2007 124 945 5 488 539.4 18.0 5.5% 496 22 2.1 803 253 2008 1 537 90 3.9 0.1 0.4% 6 0.4 0.02 58

22 JAN 2008 35 10 0.1 0.001 0.1% 2 0.5 0.004 821 21 FEB 357 22 0.9 0.05 0.6% 17 1 0.05 1 176 19 MAR 741 8 1.9 0.1 2.1% 39 0.4 0.1 1 301 22 APR 107 12 0.3 0.01 0.3% 5 1 0.01 1 262 21 MAY 20 8 0.05 0.001 0.1% 1 0.4 0.002 1 252 21 JUN 194 13 0.5 0.01 0.6% 9 1 0.02 936 23 JUL 50 1 0.1 0.01 0.2% 2 0.04 0.004 929 20 AUG 2 2 0.004 0.0002 0.01% 0.1 0.1 0.0002 925 22 SEP 3 3 0.01 0.0003 0.01% 0.1 0.1 0.0003 82 23 OCT 1 1 0.002 0.00003 0.004% 0.04 0.04 0.0001 82 20 NOV 10 2 0.02 0.0003 0.05% 1 0.1 0.001 91 19 DEC 17 8 0.03 0.001 0.1% 1 0.4 0.002 58

TURN

OVE


Year 2008 • 98




FIAT

257 2004 882 323 36 429 2 672.9 106.0 14.1% 3 433 142 10.4 136 207 256 2005 1 865 906 57 751 6 036.9 277.5 24.0% 7 289 226 23.6 256 085 254 2006 2 952 823 66 521 16 035.3 670.5 34.2% 11 625 262 63.1 231 475 252 2007 2 742 699 123 645 27 105.1 1 092.2 15.1% 10 884 491 107.6 185 861 253 2008 1 918 735 78 877 12 298.9 758.0 9.6% 7 584 312 48.6 231 676

22 JAN 2008 233 099 10 292 2 010.8 95.3 9.4% 10 595 468 91.4 275 350 21 FEB 178 033 8 586 1 401.6 64.4 8.1% 8 092 390 63.7 292 119 19 MAR 154 986 7 994 1 077.6 59.8 7.1% 8 157 421 56.7 240 743 22 APR 217 216 7 471 1 576.1 123.8 8.5% 9 873 340 71.6 310 034 21 MAY 144 806 5 861 1 074.0 53.8 12.4% 6 896 279 51.1 335 237 21 JUN 224 818 7 856 1 460.9 64.0 14.4% 10 706 374 69.6 283 788 23 JUL 167 867 7 051 970.0 72.2 10.1% 7 299 307 42.2 310 426 20 AUG 95 737 4 662 558.9 27.0 7.7% 4 787 233 27.9 314 681 22 SEP 147 433 6 332 852.9 54.5 7.6% 6 702 288 38.8 275 839 23 OCT 161 714 6 114 709.1 71.1 12.9% 7 031 266 30.8 305 759 20 NOV 107 834 3 816 351.6 40.7 18.7% 5 392 191 17.6 325 575 19 DEC 85 192 2 842 255.6 31.5 19.3% 4 484 150 13.5 231 676

FINMECCANICA

257 2004 35 510 5 540 226.8 7.1 3.6% 138 22 0.9 4 447 256 2005 54 065 7 837 413.5 11.1 5.5% 211 31 1.6 8 006 254 2006 68 062 6 585 612.9 18.7 6.2% 268 26 2.4 12 130 252 2007 80 472 9 042 880.2 29.4 6.0% 319 36 3.5 19 397 253 2008 116 174 9 067 1 027.8 64.9 8.0% 459 36 4.1 6 753

22 JAN 2008 11 658 693 123.5 4.6 9.3% 530 32 5.6 15 948 21 FEB 6 784 401 70.6 5.1 8.4% 323 19 3.4 17 354 19 MAR 8 136 747 87.9 3.4 7.7% 428 39 4.6 12 109 22 APR 12 638 913 142.9 6.6 15.0% 574 42 6.5 18 367 21 MAY 9 997 944 101.5 4.9 8.2% 476 45 4.8 20 804 21 JUN 16 678 1 231 154.6 16.3 7.1% 794 59 7.4 18 167 23 JUL 12 019 1 006 111.0 9.3 9.5% 523 44 4.8 18 614 20 AUG 3 319 516 32.6 1.3 4.4% 166 26 1.6 18 028 22 SEP 6 430 699 57.0 2.9 6.4% 292 32 2.6 14 511 23 OCT 19 308 1 102 100.5 7.7 9.3% 839 48 4.4 24 037 20 NOV 5 847 460 27.8 1.5 3.6% 292 23 1.4 17 458 19 DEC 3 360 355 18.0 1.3 3.1% 177 19 0.9 6 753

FONDIARIA-SAI

28 2006 801 48 2.8 0.1 0.7% 3 0.2 0.01 706 252 2007 36 486 2 394 128.5 5.8 2.2% 145 10 0.5 2 799 253 2008 30 962 2 876 69.5 3.3 2.0% 122 11 0.3 2 261

22 JAN 2008 5 154 320 14.3 1.1 3.1% 234 15 0.6 4 494 21 FEB 3 510 288 10.2 0.2 2.7% 167 14 0.5 5 286 19 MAR 2 743 239 7.1 0.3 2.0% 144 13 0.4 3 033 22 APR 1 867 218 5.2 0.4 1.6% 85 10 0.2 3 390 21 MAY 3 088 333 7.8 0.2 2.0% 147 16 0.4 4 107 21 JUN 945 129 2.1 0.1 0.7% 45 6 0.1 2 297 23 JUL 2 133 228 4.6 0.1 1.7% 93 10 0.2 2 631 20 AUG 1 421 216 3.0 0.1 1.0% 71 11 0.2 2 365 22 SEP 1 376 181 2.6 0.1 0.7% 63 8 0.1 2 073 23 OCT 3 362 241 4.9 0.3 3.3% 146 10 0.2 3 617 20 NOV 2 215 231 3.4 0.2 2.7% 111 12 0.2 2 362 19 DEC 3 148 252 4.4 0.3 4.8% 166 13 0.2 2 261


Year 2008 • 99

TURN

OVER




GENERALI257 2004 1 355 399 27 833 3 002.2 73.5 9.7% 5 274 108 11.7 209 022 256 2005 2 161 870 30 356 5 641.0 120.9 12.0% 8 445 119 22.0 267 606 254 2006 3 721 565 46 070 11 311.2 263.0 18.4% 14 652 181 44.5 493 365 252 2007 4 980 184 59 797 15 907.8 353.6 22.1% 19 763 237 63.1 413 337 253 2008 3 566 025 36 636 9 108.7 342.8 20.0% 14 095 145 36.0 460 646

22 JAN 2008 430 163 5 352 1 290.3 34.3 18.7% 19 553 243 58.6 569 274 21 FEB 310 759 3 744 886.1 24.8 21.7% 14 798 178 42.2 637 450 19 MAR 368 009 4 002 1 048.1 34.5 22.6% 19 369 211 55.2 489 878 22 APR 310 826 3 069 895.6 27.9 21.0% 14 128 140 40.7 613 650 21 MAY 297 575 3 728 822.2 31.9 17.0% 14 170 178 39.2 654 751 21 JUN 185 589 2 729 477.9 17.1 16.0% 8 838 130 22.8 512 383 23 JUL 334 819 2 584 806.6 31.2 20.7% 14 557 112 35.1 610 635 20 AUG 121 742 1 638 282.8 9.7 14.8% 6 087 82 14.1 590 529 22 SEP 273 433 2 850 645.4 25.5 15.0% 12 429 130 29.3 561 716 23 OCT 459 729 3 170 1 008.7 50.2 25.9% 19 988 138 43.9 779 724 20 NOV 215 028 1 861 428.8 21.5 21.5% 10 751 93 21.4 828 375 19 DEC 258 353 1 909 516.2 34.2 28.1% 13 598 100 27.2 460 646

GEOX158 2008 7 391 714 25 1 2.4% 47 5 0.2 388

10 MAY 769 51 3.3 0.2 3.9% 77 5 0.3 726 21 JUN 1 882 144 6.6 0.4 4.4% 90 7 0.3 1 606 23 JUL 1 422 110 4.7 0.2 2.0% 62 5 0.2 2 125 20 AUG 796 76 3.1 0.1 2.0% 40 4 0.2 1 591 22 SEP 784 91 3.0 0.1 1.9% 36 4 0.1 786 23 OCT 854 92 2.7 0.2 2.2% 37 4 0.1 1 036 20 NOV 785 115 1.9 0.1 2.0% 39 6 0.1 1 095 19 DEC 99 35 0.2 0.0 0.5% 5 2 0.01 388

GR. ED. L'ESPRESSO257 2004 19 247 1 770 43.6 1.6 2.3% 75 7 0.2 4 067 256 2005 23 585 1 952 71.0 2.5 4.1% 92 8 0.3 1 989 254 2006 23 913 2 122 99.7 3.0 5.4% 94 8 0.4 3 897 252 2007 19 542 1 780 76.0 1.7 5.5% 78 7 0.3 811 253 2008 14 507 1 476 30.6 1.3 5.3% 57 6 0.1 648

22 JAN 2008 1 367 99 3.6 0.1 5.5% 62 5 0.2 1 559 21 FEB 1 440 113 4.0 0.1 6.6% 69 5 0.2 2 509 19 MAR 1 944 117 4.9 0.2 9.5% 102 6 0.3 2 782 22 APR 1 362 165 3.5 0.2 4.6% 62 8 0.2 2 786 21 MAY 1 538 141 3.5 0.1 6.9% 73 7 0.2 2 879 21 JUN 2 085 166 3.7 0.2 6.4% 99 8 0.2 2 802 23 JUL 1 389 103 2.2 0.1 4.1% 60 4 0.1 2 997 20 AUG 468 79 0.8 0.04 2.4% 23 4 0.04 2 893 22 SEP 1 059 162 1.9 0.1 2.4% 48 7 0.1 1 754 23 OCT 936 118 1.3 0.1 5.0% 41 5 0.1 1 933 20 NOV 634 127 0.8 0.05 8.4% 32 6 0.04 1 897 19 DEC 285 86 0.4 0.02 5.0% 15 5 0.02 648

IFIL27 2007 3 892 145 13.1 0.4 2.4% 144 5 0.5 1 015

253 2008 40 213 1 588 94.1 3.7 3.4% 159 6 0.4 447

22 JAN 2008 9 535 241 26.5 1.1 6.2% 433 11 1.2 4 878 21 FEB 6 828 164 17.9 0.5 6.2% 325 8 0.9 1 305 19 MAR 1 920 94 4.6 0.2 1.8% 101 5 0.2 1 448 22 APR 4 343 150 11.5 0.6 4.0% 197 7 0.5 2 251 21 MAY 1 269 89 3.4 0.2 1.3% 60 4 0.2 1 476 21 JUN 1 230 81 2.8 0.1 1.0% 59 4 0.1 1 644 23 JUL 2 973 101 6.2 0.2 3.1% 129 4 0.3 3 012 20 AUG 1 723 65 3.8 0.1 2.6% 86 3 0.2 2 130 22 SEP 5 670 125 11.7 0.3 3.4% 258 6 0.5 1 622 23 OCT 1 131 122 1.4 0.1 143.8% 0 5 0.1 1 730 20 NOV 2 739 274 3.3 0.2 4.8% 137 14 0.2 2 272 19 DEC 852 82 0.9 0.1 2.5% 45 4 0.05 447

TURN

OVE


Year 2008 • 100




IMPREGILO

27 2007 5 490 137 12.1 0.4 2.7% 203 5 0.4 3 817 253 2008 37 387 1 770 64.3 3.7 1.4% 148 7 0.3 2 240

22 JAN 2008 4 320 190 9.4 0.4 1.7% 196 9 0.4 4 031 21 FEB 946 52 1.9 0.1 0.6% 45 2 0.1 3 454 19 MAR 3 389 136 5.2 0.3 1.3% 178 7 0.3 3 208 22 APR 3 623 113 6.8 0.7 1.8% 165 5 0.3 4 821 21 MAY 3 177 203 6.7 0.3 1.5% 151 10 0.3 6 106 21 JUN 1 799 116 3.0 0.2 0.7% 86 6 0.1 5 025 23 JUL 8 026 219 13.8 0.8 2.3% 349 10 0.6 10 473 20 AUG 3 027 137 5.4 0.2 1.5% 151 7 0.3 10 175 22 SEP 3 454 171 5.8 0.3 1.6% 157 8 0.3 6 697 23 OCT 2 604 178 3.0 0.2 0.9% 113 8 0.1 6 651 20 NOV 1 336 123 1.4 0.1 0.7% 67 6 0.1 6 066 19 DEC 1 686 132 1.8 0.1 1.3% 89 7 0.1 2 240

INTESA SANPAOLO

257 2004 234 460 9 979 693.0 34.5 2.6% 912 39 2.7 18 589 256 2005 201 371 11 102 787.7 17.8 3.1% 787 43 3.1 32 793 254 2006 264 700 13 213 1 334.0 34.8 2.9% 1 042 52 5.3 36 143 252 2007 767 327 26 147 4 477.0 122.7 3.6% 3 045 104 17.8 87 676 253 2008 1 271 448 27 574 4 894.0 298.2 5.9% 5 025 109 19.3 280 258


INTESA SANPAOLO RSP

27 2007 2 907 259 14.7 0.4 2.9% 108 10 0.5 1 743 253 2008 28 207 2 460 108.3 4.7 2.3% 111 10 0.4 1 077



Year 2008 • 101

TURN

OVER




ITALCEMENTI

28 2006 636 32 1.3 0.04 0.4% 3 0.1 0.01 396 252 2007 41 063 1 877 72.8 3.4 1.4% 163 7 0.3 5 360 253 2008 74 433 2 346 78.6 4.4 2.6% 294 9 0.3 31 128

22 JAN 2008 3 406 220 4.8 0.2 1.1% 155 10 0.2 6 243 21 FEB 3 394 162 4.9 0.5 1.6% 162 8 0.2 5 960 19 MAR 2 378 116 3.3 0.2 1.4% 125 6 0.2 2 392 22 APR 2 760 207 3.8 0.1 1.0% 125 9 0.2 3 736 21 MAY 6 612 256 9.1 0.3 3.5% 315 12 0.4 7 001 21 JUN 1 681 142 2.1 0.1 0.9% 80 7 0.1 4 696 23 JUL 6 444 217 6.3 0.4 2.2% 280 9 0.3 7 934 20 AUG 2 101 166 2.1 0.1 1.1% 105 8 0.1 8 242 22 SEP 2 097 141 2.2 0.1 0.6% 95 6 0.1 3 712 23 OCT 3 027 141 2.8 0.2 1.3% 132 6 0.1 4 487 20 NOV 27 548 255 25.8 1.4 35.6% 1 377 13 1.3 26 754 19 DEC 12 985 323 11.4 0.9 11.2% 683 17 0.6 31 128

LOTTOMATICA

28 2006 3 568 183 11.1 0.3 1.4% 14 1 0.04 736 252 2007 81 523 3 214 234.7 6.6 3.0% 324 13 0.9 6 897 253 2008 55 488 2 826 116.3 4.0 2.8% 219 11 0.5 1 718


LUXOTTICA

201 2004 6 228 759 43.6 1.3 2.4% 31 4 0.2 736 256 2005 12 080 1 542 105.1 2.6 2.8% 47 6 0.4 589 254 2006 20 205 2 490 222.3 4.6 4.5% 80 10 0.9 1 104 252 2007 26 255 3 352 326.2 8.6 4.0% 104 13 1.3 1 627 253 2008 32 407 4 120 273.3 13.5 3.1% 128 16 1.1 1 023


TURN

OVE


Year 2008 • 102




MEDIASET

257 2004 80 506 9 943 739.3 19.7 5.7% 313 39 2.9 8 687 256 2005 102 382 10 918 1 028.0 23.7 4.6% 400 43 4.0 13 675 254 2006 109 301 8 898 1 026.4 26.9 6.1% 430 35 4.0 9 654 252 2007 164 612 10 577 1 350.7 31.9 10.3% 653 5 0.01 15 805 253 2008 110 573 8 985 584.0 31.6 5.3% 437 36 2.3 7 417

22 JAN 2008 12 850 907 82.7 5.1 6.4% 584 41 3.8 19 786 21 FEB 10 134 915 61.5 2.7 5.9% 483 44 2.9 20 139 19 MAR 10 935 958 62.5 4.1 7.6% 576 50 3.3 16 031 22 APR 12 837 1 046 75.4 2.9 6.7% 584 48 3.4 17 268 21 MAY 9 626 984 56.2 3.2 3.4% 458 47 2.7 12 913 21 JUN 11 045 674 54.0 3.5 5.8% 526 32 2.6 10 990 23 JUL 11 055 840 48.6 2.8 5.0% 481 37 2.1 13 712 20 AUG 6 351 520 30.2 1.3 4.8% 318 26 1.5 12 321 22 SEP 7 238 624 33.4 1.3 3.4% 329 28 1.5 7 817 23 OCT 9 685 652 41.0 3.0 5.1% 421 28 1.8 11 762 20 NOV 4 986 501 21.9 1.1 5.5% 249 25 1.1 11 343 19 DEC 3 831 364 16.5 0.6 5.4% 202 19 0.9 7 417

MEDIOBANCA

257 2004 83 410 6 686 844.7 22.6 15.5% 325 26 3.3 7 731 256 2005 90 065 8 855 1 354.0 33.9 9.7% 352 35 5.3 9 690 254 2006 145 555 11 358 1 634.0 42.3 9.1% 573 45 6.4 19 974 252 2007 268 986 14 162 2 218.9 49.8 11.5% 1 067 56 8.8 23 785 253 2008 363 318 13 236 2 003.4 122.1 16.5% 1 436 52 7.9 35 209

22 JAN 2008 29 017 1 091 192.6 8.1 12.2% 1 319 50 8.8 37 619 21 FEB 21 778 825 141.6 8.2 12.6% 1 037 39 6.7 41 796 19 MAR 27 083 1 066 169.6 7.3 13.9% 1 425 56 8.9 27 431 22 APR 16 367 761 106.8 5.4 13.2% 744 35 4.9 30 687 21 MAY 19 857 897 125.8 4.5 13.8% 946 43 6.0 37 339 21 JUN 49 880 1 473 281.9 14.3 20.9% 2 375 70 13.4 49 901 23 JUL 42 319 1 536 227.9 19.6 20.3% 1 840 67 9.9 68 389 20 AUG 20 968 1 079 105.4 9.8 14.1% 1 048 54 5.3 72 190 22 SEP 51 076 1 545 251.3 15.7 17.5% 2 322 70 11.4 78 402 23 OCT 52 605 1 495 260.2 22.8 33.4% 2 287 65 11.3 87 460 20 NOV 23 029 933 102.4 4.3 13.6% 1 151 47 5.1 73 016 19 DEC 9 339 535 37.8 2.1 12.1% 492 28 2.0 35 209

MEDIOLANUM

257 2004 63 988 6 592 172.8 6.3 2.5% 249 26 0.7 4 932 256 2005 54 757 4 773 150.4 3.9 2.9% 214 19 0.6 4 689 254 2006 65 235 5 041 202.2 5.9 3.4% 257 20 0.8 7 763 252 2007 102 704 7 755 311.2 9.2 5.1% 408 31 1.2 7 858 253 2008 72 710 5 382 134.3 5.6 5.2% 287 21 0.5 3 304



Year 2008 • 103

TURN

OVER




MONDADORI

201 2004 386 128 3.0 0.1 0.3% 2 1 0.01 137 256 2005 4 180 1 021 34.3 0.9 2.1% 16 4 0.1 801 254 2006 9 601 1 617 75.0 1.6 4.3% 38 6 0.3 1 116 252 2007 9 426 1 095 71.2 2.1 4.1% 37 4 0.3 1 086 253 2008 6 175 703 29.8 1.5 4.2% 24 3 0.1 249

22 JAN 2008 962 124 5.1 0.2 3.1% 44 6 0.2 1 434 21 FEB 256 58 1.4 0.05 2.0% 12 3 0.1 1 284 19 MAR 844 77 4.4 0.2 8.3% 44 4 0.2 1 292 22 APR 1 132 95 6.2 0.3 11.3% 51 4 0.3 2 050 21 MAY 1 149 83 6.2 0.3 7.2% 55 4 0.3 1 956 21 JUN 352 38 1.4 0.1 2.0% 17 2 0.1 1 143 23 JUL 198 24 0.8 0.05 1.6% 9 1 0.03 947 20 AUG 64 18 0.3 0.01 0.9% 3 1 0.01 823 22 SEP 372 33 1.4 0.10 2.3% 17 2 0.06 599 23 OCT 656 66 2.0 0.16 4.4% 29 3 0.1 1 165 20 NOV 92 26 0.3 0.03 2.0% 5 1 0.01 745 19 DEC 98 61 0.3 0.02 1.9% 5 3 0.02 249

PARMALAT

28 2006 19 581 372 63.8 1.5 7.8% 77 1 0.3 16 588 252 2007 396 398 6 583 1 222.8 41.5 14.9% 1 573 26 4.9 16 544 253 2008 480 733 8 175 826.8 39.2 7.9% 1 900 32 3.3 15 033

22 JAN 2008 16 130 499 40.6 2.0 7.1% 733 23 1.8 23 156 21 FEB 15 936 451 40.2 1.7 7.9% 759 21 1.9 28 480 19 MAR 8 213 329 20.3 0.8 3.8% 432 17 1.1 18 938 22 APR 42 283 804 91.8 3.5 3.2% 1 922 37 4.2 42 627 21 MAY 50 377 728 98.5 4.5 10.7% 2 399 35 4.7 48 303 21 JUN 46 616 845 83.6 3.5 16.4% 2 220 40 4.0 48 728 23 JUL 56 117 1 046 93.0 4.6 14.3% 2 440 45 4.0 65 388 20 AUG 29 819 812 54.3 3.2 9.9% 1 491 41 2.7 63 790 22 SEP 38 134 730 69.1 3.2 3.8% 1 733 33 3.1 42 046 23 OCT 58 344 757 77.2 4.1 7.8% 2 537 33 3.4 81 807 20 NOV 78 985 599 109.2 6.7 33.5% 3 949 30 5.5 101 234 19 DEC 39 779 575 49.0 1.4 24.9% 2 094 30 2.6 15 033

PIRELLI & C.

257 2004 155 150 6 306 136.0 5.4 4.0% 604 25 0.5 20 409 256 2005 265 610 7 162 250.3 8.5 4.1% 1 038 28 1.0 31 783 254 2006 474 900 8 403 361.1 13.8 5.4% 1 870 33 1.4 80 765 252 2007 313 192 10 897 988.2 40.6 10.3% 1 243 43 3.9 27 588 253 2008 94 566 4 157 273.2 12.5 6.6% 374 16 1.1 4 643


TURN

OVE


Year 2008 • 104




PRYSMIAN

27 2007 449 56 0.8 0.03 0.1% 17 2 0.03 268 253 2008 22 838 1 094 34.6 1.9 0.8% 90 4 0.1 870

22 JAN 2008 909 37 1.3 0.1 0.3% 41 2 0.1 1 088 21 FEB 712 42 1.0 0.04 0.3% 34 2 0.05 1 420 19 MAR 542 42 0.7 0.03 0.2% 29 2 0.04 974 22 APR 2 461 94 3.8 0.2 0.6% 112 4 0.2 2 278 21 MAY 1 031 79 1.7 0.1 0.5% 49 4 0.1 2 546 21 JUN 2 691 95 4.6 0.1 1.0% 128 5 0.2 2 595 23 JUL 2 731 141 4.3 0.16 1.0% 119 6 0.19 2 730 20 AUG 4 210 81 6.7 0.44 2.0% 211 4 0.34 4 483 22 SEP 4 840 113 7.7 0.53 1.5% 220 5 0.35 1 842 23 OCT 1 624 172 1.8 0.19 0.5% 71 7 0.08 2 840 20 NOV 691 99 0.6 0.04 0.3% 35 5 0.03 1 930 19 DEC 396 99 0.4 0.02 0.2% 21 5 0.02 870

RCS MEDIAGROUP

257 2004 11 377 34 38.2 1.3 2.2% 44 0.1 0.1 50 256 2005 20 740 987 116.9 3.8 2.0% 81 4 0.5 955 254 2006 8 860 985 36.1 1.1 2.4% 35 4 0.1 1 359 252 2007 5 483 790 22.0 0.8 1.9% 22 3 0.1 891 253 2008 3 221 346 5.8 0.3 2.0% 13 1 0.02 457

22 JAN 2008 381 77 1.1 0.1 2.0% 17 4 0.1 1 017 21 FEB 117 17 0.3 0.004 1.0% 6 1 0.02 978 19 MAR 117 30 0.3 0.02 1.4% 6 2 0.02 624 22 APR 84 12 0.2 0.004 0.8% 4 1 0.01 612 21 MAY 345 37 0.7 0.02 2.9% 16 2 0.03 879 21 JUN 209 17 0.3 0.01 1.5% 10 1 0.02 413 23 JUL 563 29 0.8 0.1 3.4% 24 1 0.03 777 20 AUG 410 25 0.6 0.06 4.2% 21 1 0.03 607 22 SEP 324 32 0.5 0.03 1.0% 15 1 0.02 549 23 OCT 156 16 0.2 0.02 1.9% 7 1 0.01 537 20 NOV 145 15 0.2 0.01 3.7% 7 1 0.01 547 19 DEC 370 39 0.4 0.05 17.3% 19 2 0.02 457

SAIPEM

28 2006 1 689 258 16.1 0.4 1.1% 7 1 0.1 1 198 252 2007 52 696 4 965 666.2 20 2.7% 209 20 2.6 7 143 253 2008 75 521 8 245 916.5 39 4.1% 299 33 3.6 2 942



Year 2008 • 105

TURN

OVER




SEAT PAGINE GIALLE

257 2004 114 750 5 691 275.2 12.4 4.4% 446 22 1.1 19 627 256 2005 78 407 4 899 136.9 5.2 3.8% 306 19 0.5 14 524 254 2006 72 875 3 912 142.0 5.0 3.8% 287 15 0.6 10 132 252 2007 234 968 5 045 541.2 21.0 11.8% 932 20 2.1 16 408 253 2008 78 727 3 159 55.4 5.2 1.8% 311 12 0.2 12 915

22 JAN 2008 13 871 520 17.1 1.0 3.7% 631 24 0.8 22 442 21 FEB 7 072 349 7.8 0.7 2.2% 337 17 0.4 23 040 19 MAR 7 944 303 6.1 0.5 1.5% 418 16 0.3 20 855 22 APR 4 706 322 3.1 0.4 0.7% 214 15 0.1 13 200 21 MAY 5 132 240 3.4 0.2 1.4% 244 11 0.2 13 662 21 JUN 18 210 313 8.6 1.4 3.6% 867 15 0.4 22 883 23 JUL 3 920 182 1.5 0.1 1.1% 170 8 0.1 20 231 20 AUG 7 980 435 3.9 0.5 1.2% 399 22 0.2 24 022 22 SEP 4 104 187 2.3 0.2 0.8% 187 9 0.1 20 667 23 OCT 3 349 168 1.0 0.2 0.7% 146 7 0.04 22 441 20 NOV 580 73 0.2 0.02 0.3% 29 4 0.01 19 735 19 DEC 1 859 67 0.5 0.1 2.3% 98 4 0.02 12 915

SNAM RETE GAS

257 2004 66 140 3 409 246.4 5.7 2.2% 257 13 1.0 15 420 256 2005 259 577 8 697 1 148.4 33.5 8.2% 1 014 34 4.5 26 969 254 2006 114 723 5 129 422.6 10.8 5.7% 452 20 1.7 13 735 252 2007 98 856 4 507 445.2 13.7 5.2% 392 18 1.8 12 035 253 2008 72 196 3 406 309.6 9.1 4.0% 285 13 1.2 6 290


STMICROELECTRONICS

257 2004 1 450 740 61 957 2 550.5 84.6 3.6% 5 645 241 9.9 160 049 256 2005 1 308 752 52 408 1 820.2 55.4 3.3% 5 112 205 7.1 110 939 254 2006 1 042 932 35 972 1 476.0 47.8 3.9% 4 106 142 5.8 135 944 252 2007 1 203 950 31 674 1 652.5 55.1 6.3% 4 778 126 6.6 125 556 253 2008 1 485 738 32 942 1 214.1 127.2 8.7% 5 872 130 4.8 212 666

22 JAN 2008 150 605 3 613 140.1 11.3 7.3% 6 846 164 6.4 199 238 21 FEB 103 969 2 367 94.2 6.8 7.5% 4 951 113 4.5 220 988 19 MAR 157 646 2 820 128.0 19.7 13.3% 8 297 148 6.7 216 753 22 APR 132 812 3 067 103.7 10.2 7.8% 6 037 139 4.7 250 699 21 MAY 121 038 3 435 103.0 7.5 7.1% 5 764 164 4.9 271 037 21 JUN 204 968 3 972 155.6 15.7 12.0% 9 760 189 7.4 284 572 23 JUL 116 629 2 531 90.1 11.3 7.4% 5 071 110 3.9 321 336 20 AUG 244 462 4 785 212.3 24.3 16.1% 12 223 239 10.6 337 196 22 SEP 104 817 2 621 88.6 6.1 5.4% 4 764 119 4.0 310 331 23 OCT 57 052 1 714 45.3 7.6 4.5% 2 481 75 2.0 296 361 20 NOV 35 376 1 045 21.6 2.2 5.3% 1 769 52 1.1 286 174 19 DEC 56 364 972 31.6 4.5 12.5% 2 967 51 1.7 212 666

TURN

OVE


Year 2008 • 106




TELECOM ITALIA

257 2004 758 848 21 862 2 069.0 67.1 4.1% 2 953 85 8.1 177 549 256 2005 1 224 943 27 569 3 383.5 103.0 4.4% 4 785 108 13.2 200 528 253 2006 1 974 630 34 844 4 596.7 153.0 5.7% 7 774 137 18.1 211 458 252 2007 2 118 508 40 261 4 705.0 178.6 5.0% 8 407 160 18.7 299 585 253 2008 2 478 583 38 454 3 628.4 322.2 7.3% 9 797 152 14.3 359 091


TELECOM ITALIA RSP

257 2004 217 936 6 948 407.0 12.8 2.3% 848 27 1.6 23 338 256 2005 233 653 8 447 512.9 14.8 2.5% 913 33 2.0 64 459 253 2006 495 858 14 234 1 013.1 33.1 5.2% 1 952 56 4.0 71 367 252 2007 411 075 11 203 761.5 24.0 4.6% 1 631 44 3.0 45 340 253 2008 255 982 7 396 306.9 17.6 3.1% 1 012 29 1.2 15 082

22 JAN 2008 30 243 851 48.1 2.3 5.6% 1 375 39 2.2 57 548 21 FEB 38 873 921 57.6 3.0 5.1% 1 851 44 2.7 78 678 19 MAR 53 315 892 62.8 4.1 4.6% 2 806 47 3.3 69 439 22 APR 33 419 990 36.8 1.9 1.3% 1 519 45 1.7 58 705 21 MAY 24 350 733 28.2 1.9 3.8% 1 160 35 1.3 57 457 21 JUN 17 796 531 20.0 1.2 3.4% 847 25 1.0 45 211 23 JUL 12 680 458 12.8 0.7 2.2% 551 20 0.6 47 709 20 AUG 13 498 418 12.6 0.8 3.6% 675 21 0.6 51 408 22 SEP 16 272 491 15.8 0.7 3.7% 740 22 0.7 33 272 23 OCT 7 506 429 5.9 0.4 1.1% 326 19 0.3 29 463 20 NOV 2 348 215 1.8 0.2 0.6% 117 11 0.1 28 379 19 DEC 5 682 467 4.5 0.3 1.6% 299 25 0.2 15 082

TENARIS

28 2006 34 960 3 021 335.5 14.3 5.2% 138 12 1.3 23 486 252 2007 250 249 21 784 2 287.7 68.1 7.5% 993 86 9.1 10 056 253 2008 118 685 12 373 998.9 49.3 5.0% 469 49 3.9 2 065

22 JAN 2008 9 444 982 66.1 3.1 3.9% 429 45 3.0 15 196 21 FEB 9 163 1 214 64.0 2.8 4.1% 436 58 3.0 16 882 19 MAR 14 304 1 146 105.6 4.3 6.8% 753 60 5.6 13 204 22 APR 9 214 1 292 75.9 3.1 5.7% 419 59 3.5 15 411 21 MAY 6 081 1 071 55.2 2.4 3.3% 290 51 2.6 14 599 21 JUN 18 205 1 638 190.9 9.0 7.2% 867 78 9.1 13 970 23 JUL 15 775 1 362 170.1 7.8 6.9% 686 59 7.4 16 988 20 AUG 7 681 854 72.5 2.6 5.2% 384 43 3.6 14 580 22 SEP 15 043 1 383 124.7 5.9 6.1% 684 63 5.7 13 524 23 OCT 8 981 813 53.5 6.1 3.2% 390 35 2.3 13 351 20 NOV 3 246 329 13.5 1.0 1.1% 162 16 0.7 12 160 19 DEC 1 548 289 7.1 1.1 0.9% 81 15 0.4 2 065


Year 2008 • 107

TURN

OVER




TERNA

28 2004 3 117 241 31.1 0.8 8.1% 111 9 1.1 2 107 256 2005 19 816 2 620 209.2 4.5 3.1% 77 10 0.8 2 586 254 2006 21 016 2 376 235.0 4.9 3.7% 83 9 0.9 2 599 252 2007 21 555 2 691 282.7 6.9 3.5% 86 11 1.1 2 294 253 2008 34 903 3 265 474.4 11.8 5.8% 138 13 1.9 1 982

22 JAN 2008 6 250 402 89.8 2.4 7.7% 284 18 4.1 7 138 21 FEB 6 786 330 95.5 2.1 11.0% 323 16 4.5 9 685 19 MAR 6 712 400 92.7 1.6 12.8% 353 21 4.9 7 390 22 APR 2 814 288 39.5 1.0 6.9% 128 13 1.8 4 501 21 MAY 1 306 194 18.1 0.3 3.2% 62 9 0.9 3 166 21 JUN 740 170 10.3 0.2 0.8% 35 8 0.5 1 704 23 JUL 2 156 305 29.2 0.8 4.4% 94 13 1.3 2 348 20 AUG 1 370 228 18.4 0.5 4.3% 69 11 0.9 2 472 22 SEP 1 294 181 16.5 0.4 2.7% 59 8 0.8 2 259 23 OCT 2 659 305 31.3 1.3 4.6% 116 13 1.4 3 584 20 NOV 974 170 12.0 0.3 3.3% 49 9 0.6 2 662 19 DEC 1 842 292 21.1 0.8 6.7% 97 15 1.1 1 982

TISCALI

257 2004 101 372 7 194 203.3 11.9 1.9% 394 28 0.8 10 211 256 2005 90 007 8 543 248.2 12.6 5.4% 352 33 1.0 19 210 254 2006 118 710 9 150 305.7 11.1 10.2% 467 36 1.2 15 257 252 2007 124 216 6 950 315.7 11.6 9.4% 493 28 1.3 5 936 253 2008 102 341 6 540 204.5 14.2 3.1% 405 26 0.8 953

22 JAN 2008 8 791 616 16.3 1.4 3.9% 400 28 0.7 10 336 21 FEB 23 715 1 117 44.9 2.9 3.6% 1 129 53 2.1 24 539 19 MAR 10 404 615 19.0 1.5 4.1% 548 32 1.0 23 293 22 APR 11 096 983 24.5 2.0 1.9% 504 45 1.1 24 684 21 MAY 13 582 1 001 33.4 2.3 3.1% 647 48 1.6 23 750 21 JUN 14 070 723 32.6 1.5 4.5% 670 34 1.6 17 474 23 JUL 10 436 590 19.5 1.4 4.2% 454 26 0.8 17 545 20 AUG 2 772 265 4.3 0.3 2.0% 139 13 0.2 15 196 22 SEP 5 210 398 7.7 0.5 2.9% 237 18 0.3 8 129 23 OCT 981 92 1.1 0.1 0.5% 43 4 0.0 6 279 20 NOV 787 78 0.8 0.1 0.4% 39 4 0.0 5 863 19 DEC 497 62 0.4 0.1 0.6% 26 3 0.0 953

UBI BANCA

201 2004 10 121 1 115 69.8 2.1 2.7% 50 6 0.3 2 858 256 2005 18 336 1 728 157.1 3.9 2.6% 72 7 0.6 4 986 254 2006 36 521 3 016 376.3 10.9 3.9% 144 12 1.5 5 473 252 2007 56 068 6 169 561.2 14.3 3.8% 222 24 2.2 7 636 253 2008 55 292 5 511 425.4 19.0 4.3% 219 22 1.7 5 950


TURN

OVE


Year 2008 • 108




UNICREDIT

257 2004 262 534 9 003 1 075.1 29.1 1.9% 1 022 35 4.2 29 868 256 2005 551 562 14 643 2 530.3 72.7 3.5% 2 155 57 9.9 67 047 254 2006 607 739 22 033 3 718.8 106.1 3.1% 2 393 87 14.6 76 864 252 2007 1 602 039 51 794 10 260.9 343.3 4.3% 6 357 206 40.7 240 263 253 2008 2 378 110 60 664 9 675.3 623.8 5.9% 9 400 240 38.2 317 566

22 JAN 2008 179 519 5 747 977.7 45.0 4.9% 8 160 261 44.4 294 730 21 FEB 173 215 5 416 872.6 48.2 5.8% 8 248 258 41.6 349 480 19 MAR 215 390 5 988 1 019.7 54.1 7.1% 11 336 315 53.7 311 464 22 APR 221 504 5 023 1 055.9 45.4 6.9% 10 068 228 48.0 387 752 21 MAY 162 981 4 304 762.4 35.4 3.0% 7 761 205 36.3 383 071 21 JUN 182 901 4 278 789.6 41.5 7.0% 8 710 204 37.6 354 167 23 JUL 274 755 5 994 1 097.8 76.7 7.9% 11 946 261 47.7 420 478 20 AUG 132 339 3 354 508.3 24.4 6.5% 6 617 168 25.4 436 770 22 SEP 358 703 7 315 1 436.8 103.4 8.0% 16 305 333 65.3 464 471 23 OCT 210 651 6 388 611.7 77.1 4.8% 9 159 278 26.6 508 797 20 NOV 167 327 3 828 343.6 32.8 5.9% 8 366 191 17.2 548 816 19 DEC 98 825 3 029 199.2 39.8 5.3% 5 201 159 10.5 317 566

UNIPOL

27 2007 2 015 125 5.0 0.2 0.8% 75 5 0.2 1 706 253 2008 22 998 2 125 41.4 2.2 1.3% 91 8 0.2 993

22 JAN 2008 2 235 119 4.7 0.20 1.0% 102 5 0.2 2 679 21 FEB 2 527 197 5.0 0.3 1.3% 120 9 0.2 3 436 19 MAR 1 951 165 3.8 0.3 1.2% 103 9 0.2 2 408 22 APR 4 489 209 9.0 0.5 2.4% 204 10 0.4 3 240 21 MAY 2 214 249 4.3 0.2 0.8% 105 12 0.2 2 145 21 JUN 2 071 191 3.3 0.1 1.3% 99 9 0.2 2 175 23 JUL 1 847 152 2.9 0.2 1.5% 80 7 0.1 2 985 20 AUG 559 116 1.0 0.04 0.6% 28 6 0.05 2 740 22 SEP 2 897 267 4.6 0.2 2.1% 132 12 0.2 3 352 23 OCT 784 200 1.1 0.1 1.0% 34 9 0.05 2 536 20 NOV 637 123 0.8 0.05 1.2% 32 6 0.04 2 312 19 DEC 787 137 0.9 0.1 1.7% 41 7 0.05 993

(1) Stock-options trading began on 19.2.1996 (Eni, Fiat, Generali, Stet, Telecom Italia e Tim), on 23.9.1996 (BancaCommerciale Italiana, Edison, Imi, Ina, Mediaset e Montedison), on 20.1.1997 (Gemina, Mediobanca, Olivetti, PirelliSpa, Stet rsp and Telecom Italia Rsp), on 19.7.1999 (AEM, Alitalia, Finmeccanica, Unicredito Italiano and Unim), on20.9.1999 (ACEA, Alleanza, Banca di Roma, Monte dei Paschi di Siena, Seat Pagine Gialle), on 8.11.1999 (Enel), on25.4.2000 (Autostrade, Banca Intesa and BIPOP), on 19.6.2000 (RAS e Tiscali), on 18.9.2000 (Gruppo EditorialeL'Espresso), on 23.10.2000 (E.Biscom), on 22.1.2001 (Mediolanum), on 19.2.2001 (BNL), on 20.5.2002 (Banca Fideuramand Snam Rete Gas), on 24.6.2002 (Italgas and STMicroelectronics), on 4.8.2003 (Pirelli & C., Telecom Italia rsp and SeatPagine Gialle), on 22.9.2003 (Autostrade ex NewCo28) and on 23.12.2003 (Seat Pagine Gialle ex Spyglass), on 22.3.2004(Autogrill, Banche Popolari Unite, Banco Pop. di Verona e Novara, Bulgari, E.Biscom, Luxottica e Mondadori)and on22.11.2004 (Terna), on 20.11.2006 (Banca Pop Milano, Fondiaria-Sai, Italcementi, Lottomatica, Parmalat, Saipem, Tenaris),on 19.11.2007 (Buzzi Unicem, Prysmian, Impregilo, Unipol, Erg, Ifil, Intesa San Paolo rsp), on 15.05.2008 (Geox).

(2) The notional turnover is computed as the product of contracts number, strike prices and sizes.(3) As percentage on shares turnover (underlying shares).(4) Open positions at the end of period (gross figures).


Year 2008 • 109

TURN

OVER

SHARES TRADING

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

450 000

500 000

550 000

600 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080

750

1 500

2 250

3 000

3 750

4 500

5 250

6 000

6 750

7 500

8 250

9 000

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

450 000

500 000

550 000

600 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080

750

1 500

2 250

3 000

3 750

4 500

5 250

6 000

6 750

7 500

8 250

9 000

Trades - daily avg. Turnover - daily avg. ( eur m)


SECURITISED DERIVATIVES TRADING


0

15 000

30 000

45 000

60 000

75 000

90 000

105 000

120 000

135 000

150 000

165 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080

50

100

150

200

250

300

350

400

450

500

550



0

15 000

30 000

45 000

60 000

75 000

90 000

105 000

120 000

135 000

150 000

165 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080

50

100

150

200

250

300

350

400

450

500

550

TURN

OVE


Year 2008 • 110

NUMBER OF LISTED SECURITISED DERIVATIVES

Securitised DerivativesSecuritised Derivatives

0500

1 0001 5002 0002 5003 0003 5004 0004 5005 0005 5006 0006 5007 0007 5008 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080

5001 0001 5002 0002 5003 0003 5004 0004 5005 0005 5006 0006 5007 0007 5008 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

FIXED INCOME TRADING

0

3 500

7 000

10 500

14 000

17 500

21 000

24 500

28 000

31 500

35 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080

110

220

330

440

550

660

770

880

990

1 100

0

3 500

7 000

10 500

14 000

17 500

21 000

24 500

28 000

31 500

35 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 20080

110

220

330

440

550

660

770

880

990

1 100




Year 2008 • 111

TURN

OVER

ETFPLUS TRADING



0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

9 000

10 000

2002 2003 2004 2005 2006 2007 20080

25

50

75

100

125

150

175

200

225

250

PERF

ORM

ANCE


Year 2008 • 112

1 BASTOGI MTA STD1 1.0231 1.6445 60.7% 159.20%2 LANDI RENZO MTA ST ALL STARS 2.2800 3.2679 43.3% 51.88%3 NOVA RE ME ME2 1.2000 1.7000 41.7% 102.95%4 ANSALDO STS MTA ST ALL STARS 8.6180 9.9976 16.0% 34.05%5 LAZIO MTA STD1 0.2850 0.3285 15.3% 70.39%6 ERGO PREVIDENZA MTA STD1 3.9900 4.4697 12.0% 35.35%7 GAS PLUS MTA STD1 7.0350 7.6383 8.6% 28.47%8 AREA IMPIANTI MAC MAC 41.0000 43.0000 4.9% 0.00%9 DIASORIN MTA ST ALL STARS 13.1680 13.6612 3.7% 26.28%

10 RAFFAELE CARUSO MAC MAC 15.6000 15.7000 0.6% 0.00%11 GREENVISION AMBIENTE ME ME2 22.5000 22.6181 0.5% 16.25%12 GDF SUEZ MTA MTAIN 34.5000 0.0% 96.72%13 YORKVILLE BHN ME ME1 0.7323 0.7252 -1.0% 46.40%14 AEROPORTO DI FIRENZE MTA STD1 18.0290 17.1944 -4.6% 31.98%15 IMA MTA ST ALL STARS 13.9460 13.2875 -4.7% 26.44%16 ROMA MTA STD1 0.6508 0.6143 -5.6% 75.84%17 BOERO BARTOLOMEO MTA STD2 25.5800 24.1000 -5.8% 47.66%18 KERSELF ME ME1 10.6500 9.9863 -6.2% 32.77%19 SNAM RETE GAS MTA BC S&P/MIB 4.3460 3.9752 -8.5% 21.33%20 ASCOPIAVE MTA ST ALL STARS 1.6650 1.4714 -11.6% 34.23%21 FIERA MILANO MTA ST ALL STARS 4.8500 4.2636 -12.1% 68.78%22 RGI ME ME1 1.9800 1.7083 -13.7% 31.66%23 BB BIOTECH MTA ST ALL STARS 51.4100 44.1932 -14.0% 24.83%24 TERNA MTA BC S&P/MIB 2.7420 2.3414 -14.6% 26.45%25 AHOLD KON MTA MTAIN 9.5600 8.0200 -16.1% 59.73%26 FASTWEB MTA BC S&P/MIB 24.9700 20.9350 -16.2% 43.65%27 MELIORBANCA MTA STD1 3.5740 2.9210 -18.3% 23.86%28 MUNICH RE MTA MTAIN 132.5900 107.0100 -19.3% 50.51%29 CREDITO BERGAMASCO MTA BC 29.2900 23.6350 -19.3% 34.45%30 BONIFICHE FERRARESI MTA STD1 35.6100 28.6949 -19.4% 28.73%31 LAVORWASH MTA STD1 1.7170 1.3800 -19.6% 43.12%32 FRANCE TELECOM MTA MTAIN 24.6900 19.6723 -20.3% 35.21%33 JUVENTUS FOOTBALL CLUB MTA ST ALL STARS 0.9720 0.7712 -20.7% 43.30%34 DATALOGIC MTA ST ALL STARS 5.8910 4.6311 -21.4% 26.14%35 CREDITO VALTELLINESE MTA BC MIDEX 8.9720 7.0046 -21.9% 30.28%36 MARR MTA ST ALL STARS 6.9530 5.3810 -22.6% 31.30%37 ASTALDI MTA ST ALL STARS 5.1160 3.9291 -23.2% 42.62%38 NOEMALIFE ME ME1 7.7100 5.9000 -23.5% 45.88%39 TESSITURA PONTELAMBRO MAC MAC 4.5846 3.5000 -23.7% 0.00%40 EMAK MTA ST ALL STARS 5.2840 3.9959 -24.4% 25.59%41 REPLY MTA ST ALL STARS 21.8300 16.3725 -25.0% 29.84%42 NEGRI BOSSI MTA ST ALL STARS 0.8145 0.6053 -25.7% 62.96%43 BOUTY HEALTHCARE ME ME2 1.2800 0.9500 -25.8% 59.20%44 BORGOSESIA ME ME1 1.5550 1.1496 -26.1% 24.40%45 ACEGAS-APS MTA STD1 6.6800 4.9111 -26.5% 25.34%46 ZIGNAGO VETRO MTA ST ALL STARS 4.6030 3.3810 -26.5% 28.44%47 DEUTSCHE TELEKOM MTA MTAIN 15.0330 10.9847 -26.9% 35.20%48 FNM ME ME1 0.6751 0.4927 -27.0% 46.83%49 CAMPARI MTA BC MIDEX 6.5160 4.7443 -27.2% 36.75%50 VIVENDI MTA MTAIN 31.7300 22.9200 -27.8% 44.28%

TOP 50 SHARES BY PERFORMANCE JAN-DEC 2008SHARE MKT SEGM BASKET OFFICIAL OFFICIAL PERFOR- VOLATILITY

PRICE PRICE MANCE calculated on 28.12.2007 on 30.12.2008 on yearly

(adjusted) base


Year 2008 • 113

PERFORM

ANCE

1 CELL THERAPEUTICS MTA STD1 13.6500 0.0894 -99.3% 107.18%2 FORTIS MTA MTAIN 18.2260 0.9224 -94.9% 113.08%3 EUTELIA MTA STD1 3.4120 0.3012 -91.2% 69.64%4 RISANAMENTO MTA STD1 3.6280 0.4371 -88.0% 104.71%5 AEDES MTA STD1 3.3600 0.4461 -86.7% 89.15%6 OMNIA NETWORK MTA ST ALL STARS 2.1130 0.3180 -84.9% 67.50%7 PIRELLI & C REAL ESTATE MTA BC MIDEX 24.8839 4.0454 -83.7% 58.12%8 FIAT PRV MTA BC 14.4590 2.3870 -83.5% 52.99%9 BIALETTI INDUSTRIE MTA STD1 1.5810 0.2660 -83.2% 50.16%

10 RENAULT MTA MTAIN 98.4400 17.4829 -82.2% 69.53%11 AICON MTA STD1 2.0880 0.3864 -81.5% 74.17%12 SNIA MTA STD1 0.7230 0.1429 -80.2% 60.60%13 ZUCCHI MTA STD2 3.2790 0.6541 -80.1% 46.28%14 EUROFLY MTA STD1 0.6061 0.1244 -79.5% 275.25%15 SOCOTHERM MTA ST ALL STARS 6.3110 1.3016 -79.4% 55.34%16 IFI PRV MTA BC MIDEX 22.8100 4.8028 -78.9% 56.97%17 FIAT RSP MTA BC 14.4360 3.0514 -78.9% 48.71%18 CAMFIN MTA STD1 1.2774 0.2742 -78.5% 39.50%19 DATA SERVICE MTA STD1 4.4460 0.9596 -78.4% 67.85%20 SEAT PAGINE GIALLE MTA BC S&P/MIB 0.2699 0.0584 -78.4% 66.26%21 ERG RENEW MTA STD1 3.0090 0.6533 -78.3% 45.71%22 SEAT PAGINE GIALLE RSP MTA BC 0.2687 0.0586 -78.2% 65.16%23 DAMIANI MTA ST ALL STARS 3.7480 0.8280 -77.9% 47.21%24 UNI LAND MTA ST ALL STARS 2.8973 0.6413 -77.9% 66.08%25 MONDO HE ME ME1 1.5680 0.3475 -77.8% 68.45%26 BANCA ITALEASE MTA BC MIDEX 9.5420 2.2266 -76.7% 68.28%27 IT HOLDING MTA ST ALL STARS 1.0910 0.2588 -76.3% 84.09%28 AMPLIFON MTA ST ALL STARS 3.4540 0.8259 -76.1% 58.04%29 ELICA MTA ST ALL STARS 3.4150 0.8320 -75.6% 46.02%30 AEFFE MTA ST ALL STARS 2.6650 0.6686 -74.9% 47.69%31 BANCA PROFILO MTA STD1 1.8650 0.4730 -74.6% 45.94%32 MEDIACONTECH MTA STD1 8.0700 2.0521 -74.6% 41.32%33 TOSCANA FINANZA ME ME1 2.8210 0.7282 -74.2% 44.33%34 EVEREL GROUP MTA STD1 0.3842 0.1000 -74.0% 58.78%35 CICCOLELLA MTA STD1 2.8530 0.7478 -73.8% 61.60%36 FIAT MTA BC S&P/MIB 17.4980 4.5888 -73.8% 48.25%37 ING GROEP MTA MTAIN 26.7500 7.0539 -73.6% 75.42%38 RENO DE MEDICI MTA ST ALL STARS 0.5737 0.1516 -73.6% 43.84%39 ARENA MTA STD1 0.1189 0.0314 -73.6% 66.11%40 SAFILO GROUP MTA STD1 2.3000 0.6081 -73.6% 67.25%41 TREVISAN COMETAL MTA ST ALL STARS 3.0420 0.8100 -73.4% 57.44%42 DANIELI & C RSP MTA STD1 16.1760 4.4120 -72.7% 58.17%43 CIR MTA BC MIDEX 2.5380 0.7254 -71.4% 45.43%44 IFIL RSP MTA BC 5.7620 1.6587 -71.2% 48.83%45 MONDO TV MTA ST ALL STARS 11.5500 3.3499 -71.0% 53.82%46 SADI SERVIZI INDUSTRIALI MTA STD1 2.0020 0.5808 -71.0% 36.70%47 SAES GETTERS MTA ST ALL STARS 20.6300 5.9908 -71.0% 40.42%48 EEMS MTA ST ALL STARS 3.9690 1.1566 -70.9% 51.92%49 IFIL MTA BC MIDEX 6.3920 1.8632 -70.9% 48.08%50 KME GROUP MTA STD1 1.4913 0.4374 -70.7% 41.81%

LAST 50 SHARES BY PERFORMANCE JAN-DEC 2008SHARE MKT SEGM BASKET OFFICIAL OFFICIAL PERFOR- VOLATILITY

PRICE PRICE MANCE calculated on 28.12.2007 on 30.12.2008 on yearly

(adjusted) base

PERF

ORM

ANCE


Year 2008 • 114

PRYSMIAN IT0004176001 MTA BC 15.00 03.05.2007 15.69 4.61% 16.63 10.87% 5.98%

D'AMICO INTERNATIONAL SHIPPING LU0290697514 MTA ST 3.50 03.05.2007 3.51 0.23% 2.75 -21.31% -21.49%

PRAMAC IT0001493581 ME ME2 4.20 03.07.2007 4.28 1.81% 3.40 -19.05% -20.49%

SERVIZI ITALIA IT0003814537 ME ME1 8.50 04.04.2007 8.34 -1.84% 6.47 -23.94% -22.52%

AICON IT0004167760 MTA ST 4.10 04.04.2007 4.76 16.17% 2.09 -49.07% -56.16%

MUTUIONLINE IT0004195308 MTA ST 5.60 06.06.2007 6.17 10.18% 4.38 -21.88% -29.09%

ZIGNAGO VETRO IT0004171440 MTA ST 4.50 06.06.2007 4.84 7.64% 4.60 2.29% -4.98%

IL SOLE 24 ORE IT0004269723 MTA STD1 5.75 06.12.2007 5.51 -4.23% 5.74 -0.19% 4.21%

BIANCAMANO IT0004095888 ME ME1 2.80 07.03.2007 2.99 6.61% 2.75 -1.96% -8.04%

DAMIANI IT0004249329 MTA ST 4.00 08.11.2007 3.76 -5.90% 3.75 -6.30% -0.43%

BOUTY HEALTHCARE IT0004222474 ME ME2 1.30 09.10.2007 1.36 4.46% 1.28 -1.54% -5.74%

ENIA IT0003830210 MTA BC 10.10 10.07.2007 10.87 7.58% 11.78 16.65% 8.43%

MID INDUSTRY CAPITAL IT0004166762 MTA MTF3 26.00 11.05.2007 25.05 -3.65% 22.50 -13.46% -10.18%

SCREEN SERVICE IT0003745129 ME ME2 1.60 11.06.2007 1.66 3.69% 1.31 -18.06% -20.98%

CONAFI PRESTITO' IT0004105653 ME ME1 5.00 12.04.2007 5.69 13.84% 2.30 -54.10% -59.68%

RDB IT0000795549 MTA ST 5.10 19.06.2007 5.38 5.39% 3.23 -36.59% -39.83%

DIASORIN IT0003492391 MTA ST 12.25 19.07.2007 12.67 3.40% 13.17 7.49% 3.96%

CAPE LISTED INVESTMENT VEHICLE IN EQUITY IT0004222458 MTA MTF3 1.05 19.07.2007 1.04 -1.43% 0.91 -13.24% -11.98%

B&C SPEAKERS IT0001268561 ME ME1 5.00 20.07.2007 5.32 6.44% 4.88 -2.42% -8.32%

TOSCANA FINANZA IT0004146855 ME ME1 3.00 21.03.2007 3.35 11.63% 2.82 -5.97% -15.77%

IW BANK IT0003477673 ME ME1 4.60 23.05.2007 4.92 7.04% 3.55 -22.80% -27.88%

AEFFE IT0001384590 MTA ST 4.10 24.07.2007 3.94 -4.02% 2.67 -35.00% -32.27%

PIQUADRO IT0004240443 ME ME1 2.20 25.10.2007 2.33 5.82% 2.20 -0.23% -5.71%

LANDI RENZO IT0004210289 MTA ST 4.00 26.06.2007 4.24 6.03% 2.28 -43.00% -46.24%

AEROPORTO TOSCANO GALILEO GALILEI IT0000214293 MTA STD1 12.35 26.07.2007 13.92 12.74% 12.51 1.30% -10.15%

MAIRE TECNIMONT IT0004251689 MTA STD1 2.80 26.11.2007 2.87 2.46% 3.52 25.61% 22.59%

BIALETTI INDUSTRIE IT0004222102 MTA STD1 2.50 27.07.2007 2.59 3.68% 1.58 -36.76% -39.00%

RCF GROUP IT0004223571 ME ME1 2.80 27.07.2007 2.77 -1.25% 2.03 -27.43% -26.51%

OMNIA NETWORK IT0004103294 MTA ST 5.00 28.02.2007 4.73 -5.40% 2.11 -57.74% -55.33%

COMPANY ISIN MKT SEGM SUBSCRIPTION 1st TRADING DAY 30 December 2008 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _CODE PRICE DAY OFFICIAL VAR % OFFICIAL VAR % VAR %

(adjusted) PRICE SUBSCRIPTION PRICE SUBSCRIPTION 1st TRADING (adjusted.) PRICE PRICE DAY

INVESTIMENTI E SVILUPPO MEDITERRANEO IT0004283807 MTA MTF3 1.00 30.01.2008 1.10 10.00 % 0.98 -2.00 % -10.91 %

MOLMED IT0001080248 MTA STD1 2.15 05.03.2008 2.06 -4.05 % 1.04 -51.40 % -49.35 %

ROSSS IT0004297575 ME ME1 2.10 09.04.2008 1.97 -6.29 % 0.50 -76.17 % -74.57 %

BEST UNION COMPANY IT0004273915 ME ME1 3.40 20.05.2008 3.38 -0.53 % 1.82 -46.46 % -46.17 %

ENERVIT IT0004356751 ME ME1 2.00 24.07.2008 2.41 20.35 % 1.48 -26.25 % -38.72 %

TERNIENERGIA IT0004359037 ME ME1 1.30 25.07.2008 1.56 19.92 % 1.61 23.67 % 3.13 %

IPOs PERFORMANCES COMPANY ISIN MKT SEGM SUBSCRIPTION 1st TRADING DAY 28 December 2007 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

CODE PRICE DAY OFFICIAL VAR % OFFICIAL VAR % VAR % (adjusted) PRICE SUBSCRIPTION PRICE SUBSCRIPTION 1st TRADING

(adjusted.) PRICE PRICE DAY


Year 2008 • 115

FINAN

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MTAINTERVENTION ON TRADED SHARES IN 2008

A) NEW LISTINGS

COMPANY MKT SEGM SHARES FIRST EVENT 1st DAY SPONSORTRADING CAPITALISATION

DAY (eur m)

1 Investimenti e Svil. Mediterraneo MTA MTF3 O 30.01.2008 IPO (placement of 98.0% of share capital) 55.78 Banca MB Spa2 MolMed MTA STD1 O 05.03.2008 IPO (placement of 25.0% of share capital) 215.58 Banca Imi3 GreenergyCapital MTA MTF3 O 20.03.2008 Split of Kme Group - 4 Gaz de France MTA MTAI O 16.07.2008 Admission to trading on MTA International - 5 Gruppo Minerali Maffei MTA STD1 O 01.12.2008 Merger with Maffei in Gruppo Minerali 55.56 Banca Imi

(già Gruppo Minerali)

B) TECHNICAL ADMISSIONS

CO. SH. MKT SEG COMPANY INTERVENTION OBJECT OF INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NUM. DATE DATE

1 1 MTA STAR CREDITO ARTIGIANO O 3159 14.02.2008 Determination of the admission date 18.02.20082 2 MTA MTAI SOCIETE GENERALE O 4560 11.03.2008 Determination of the admission date 13.03.2008

C) NAME CHANGES

CO. SH. MKT SEG PREVIOUS SHARE INTERVENTION NEW NAME EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NAME TYPE NUM. DATE DATE

1 1 MTA BC AEM O 22977 27.12.2007 A2A 02.01.20082 2-3 MTA BC UNICREDITO ITALIANO O - RSP 1457 23.01.2008 UNICREDIT 28.01.20083 4 MTA BC CEMENTIR O 1616 03.06.1904 CEMENTIR HOLDING 28.01.20084 5 MTA MTAI GAZ DE FRANCE O 13471 17.07.2008 GDF SUEZ 22.07.20085 6 MTA STD1 ENERTAD O 13537 21.07.2008 ERG RENEW 22.07.20086 7 MTA MTF4 GREENERGYCAPITAL O 16786 24.09.2008 ERGYCAPITAL 25.09.20087 8 MTA STD1 KAITECH O 17307 03.10.2008 K.R.ENERGY 06.10.20088 9 MTA STD1 SCHIAPPARELLI O 21803 16.12.2008 KINEXIA 17.12.2008

D) DELISTINGS

CO. SH. MKT SEG COMPANY SHARE INTERVENTION REASON EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

1 1 MTA MTAI ABN AMRO O 6768 04.04.2008 Following delisting from Euronext 25.04.20082 2 MTA BC ASM BRESCIA O 22977 27.12.2007 Merger with AEM in A2A 02.01.20083 3 MTA BC BANCA CR FIRENZE O 7102 10.04.2008 Following takeover bid 15.04.20084 4 MTA STD1 BANCA POPOLARE INTRA O 21637 12.12.2008 Following voluntary takeover bid 19.12.20085 5 MTA STAR CREMONINI O 13687 22.07.2008 Following voluntary takeover bid 29.07.20086 6 MTA STD1 DUCATI MOTOR HOLDING O 21638 12.12.2008 Following voluntary takeover bid 19.12.20087 7 MTA STAR GUALA CLOSURES O 16798 25.09.2008 Following voluntary takeover bid 02.10.20088 8 MTAX STAR I.NET O 424 09.01.2008 Merger with BT Italia (not listed company) 11.01.20089 9 MTA ST1 IMMOBILIARE LOMBARDA O 18960 27.10.2008 Following voluntary takeover bid 03.11.2008

10 10 MTA ST1 JOLLY HOTEL O 2767 11.02.2008 Following residual takeover bid 14.02.200811 11 MTA STD1 LINIFICIO E CANAPIFICIO NAZIONALE O 3614 22.02.2008 Following residual takeover bid 28.02.200812 12 MTA BC MAFFEI O 20910 27.11.2008 Merger with Gruppo Minerali Maffei 01.12.200813 13 MTA STAR MARAZZI GROUP O 14021 29.07.2008 Following voluntary takeover bid 05.08.200814 14 MTA STAR NAVIGAZIONE MONTANARI O 17076 30.09.2008 Following voluntary takeover bid 15.10.200815 15 MTA STD2 POLYNT O 8879 05.05.2008 Following voluntary takeover bid 09.05.200816 16 MTA ST1 SIRTI O 11983 24.06.2008 Following voluntary takeover bid 30.06.200817 17 MTA MTAI SMURFIT SISA O 15980 09.09.2008 Following voluntary takeover bid 16.09.200818 18 MTA ST1 SUEZ O 13471 17.07.2008 Merger with Gaz De France (new name GDF SUEZ) 22.07.2008

E) TECHNICAL DELISTING

CO. SH. MKT SEG COMPANY SHARES INTERVENTION REASON EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

1 1 MTA STAR CREDITO ARTIGIANO O 7709 18.04.2008 Reunification after dividend payment 21.04.20082 2 MTA MTAI SOCIETE GENERALE O 10765 30.05.2008 Conversion in ordinary share 03.06.2008

FIN

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TBIt Stat M A R K E T S T A T I S T I C S

Year 2008 • 116


F) TRADING INTERVENTIONS

CO. SH. MKT SEG COMPANY SHARES INTERVENTION OBJECT OF INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

MTA STAR AEDES O P 5921/08 13.06.2008 Hourly trading suspension 13.06.20081 1 MTA STD1 AEDES O P 6112/08 04.12.2008 Temporary trading suspension 04.12.2008

MTA STAR AICON O P 5858/08 29.04.2008 Hourly trading suspension 29.04.20082 2 MTA STAR AICON O P 5861/08 30.04.2008 Temporary trading suspension 30.04.2008

MTA STAR AICON O P 5968/08 16.07.2008 Hourly trading suspension 16.07.20083 3 MTA STD1 ALERION INDUSTRIES O P 5778/08 17.03.2008 Temporary trading suspension 17.03.20084 4 MTA BC ALITALIA O P 5809/08 03.04.2008 Temporary trading suspension 03.04.20085 5 MTA BC ALITALIA O P 5812/08 04.04.2008 Temporary trading suspension 04.04.20086 6 MTA BC ALITALIA O P 5812/08 04.04.2008 Temporary trading suspension 07.04.20087 7 MTA BC ALITALIA O P 5812/08 04.04.2008 Temporary trading suspension 08.04.20088 8 MTA BC ALITALIA O P 5845/08 22.04.2008 Temporary trading suspension 22.04.20089 9 MTA BC ALITALIA O P 5908/08 04.06.2008 Trading suspension 04.06.2008

MTA BC BANCA ITALEASE O P 6107/08 28.11.2008 Hourly trading suspension + TAH 28.11.200810 10 MTA STD1 BANCA POPOLARE DI INTRA O P 5853/08 25.04.2008 Temporary trading suspension 25.04.200811 11 MTA STD1 BANCA POPOLARE DI INTRA O P 5853/08 25.04.2008 Temporary trading suspension 28.04.200812 12 MTA STD1 BANCA POPOLARE DI INTRA O P 5853/08 25.04.2008 Temporary trading suspension 29.04.200813 13 MTA STD1 BANCA POPOLARE INTRA O P 6117/08 12.12.2008 Temporary trading suspension 16.12.200814 14 MTA STD1 BANCA POPOLARE INTRA O P 6117/08 12.12.2008 Temporary trading suspension 17.12.200815 15 MTA STD1 BANCA POPOLARE INTRA O P 6117/08 12.12.2008 Temporary trading suspension 18.12.200816 16 MTA STAR CAIRO COMMUNICATION O 03.03.2008 Technical suspension + Tah 03.03.200817 17 MTA STD1 CELL THERAPEUTICS O 03.03.2008 Technical suspension + Tah 03.03.200818 18 MTA STD1 CELL THERAPEUTICS O P 6126/08 17.12.2008 Temporary trading suspension 17.12.200819 19 MTA STD1 CELL THERAPEUTICS O P 6129/08 18.12.2008 Temporary trading suspension 18.12.2008

MTA BC CIR O P 5983/08 31.07.2008 Hourly trading suspension 31.07.200820 20 MTA STAR CREMONINI O P 5972/08 22.07.2008 Temporary trading suspension 24.07.200821 21 MTA STAR CREMONINI O P 5972/08 22.07.2008 Temporary trading suspension 25.07.200822 22 MTA STAR CREMONINI O P 5972/08 22.07.2008 Temporary trading suspension 28.07.2008

MTA STD1 COFIDE O P 5983/08 31.07.2008 Hourly trading suspension 31.07.200823 23 MTA STAR DATALOGIC O 03.03.2008 Technical suspension + Tah 03.03.2008

MTA STAR DUCATI MOTOR HOLDING O P 5729/08 19.02.2008 Hourly trading suspension 19.02.200824 24 MTA STD1 DUCATI MOTOR HOLDING O P 6118/08 12.12.2008 Temporary trading suspension 16.12.200825 25 MTA STD1 DUCATI MOTOR HOLDING O P 6118/08 12.12.2008 Temporary trading suspension 17.12.200826 26 MTA STD1 DUCATI MOTOR HOLDING O P 6118/08 12.12.2008 Temporary trading suspension 18.12.2008

MTA BC ENIA O P 6061/08 16.10.2008 Trading suspension only TAH 16.10.200827 27 MTA STD1 ERGO PREVIDENZA O P 6020/08 11.09.2008 Temporary trading suspension 11.09.2008

MTA STD1 EUTELIA O P 6100/08 19.11.2008 Hourly trading suspension 19.11.200828 28 MTA MTAI FORTIS O P 6045/08 06.10.2008 Temporary trading suspension 06.10.200829 29 MTA MTAI FORTIS O P 6048/08 07.10.2008 Temporary trading suspension 07.10.200830 30 MTA MTAI FORTIS O P 6051/08 08.10.2008 Temporary trading suspension 08.10.200831 31 MTA MTAI FORTIS O P 6058/08 09.10.2008 Temporary trading suspension 09.10.200832 32 MTA MTAI FORTIS O P 6053/08 10.10.2008 Temporary trading suspension 10.10.200833 33 MTA MTAI FORTIS O P 6055/08 13.10.2008 Temporary trading suspension 13.10.2008

MTA MTAI FORTIS O P 6056/08 14.10.2008 Hourly trading suspension 14.10.2008MTA MTAI FORTIS O P 6099/08 18.11.2008 Hourly trading suspension 18.11.2008MTA MTAI FORTIS O P 6105/08 24.11.2008 Hourly trading suspension 24.11.2008MTA MTAI FORTIS O P 6120/08 12.12.2008 Hourly trading suspension 12.12.2008

34 34 MTA MTAI FORTIS O P 6121/08 15.12.2008 Temporary trading suspension 15.12.200835 35 MTA MTAI FORTIS O P 6125/08 16.12.2008 Temporary trading suspension 16.12.200836 36 MTA STD1 FULLSIX O P 5920/08 13.06.2008 Temporary trading suspension 13.06.200837 37 MTA STD1 FULLSIX O P 5992/08 07.08.2008 Temporary trading suspension 07.08.2008

MTA STD1 GABETTI O P 6042/08 30.09.2008 Hourly trading suspension 30.09.2008MTA STAR GUALA CLOSURES O P 5925/08 16.06.2008 Hourly trading suspension 16.06.2008

38 38 MTA STAR GUALA CLOSURES O P 6036/08 25.09.2008 Temporary trading suspension 29.09.200839 39 MTA STAR GUALA CLOSURES O P 6036/08 25.09.2008 Temporary trading suspension 30.09.200840 40 MTA STAR GUALA CLOSURES O P 6036/08 25.09.2008 Temporary trading suspension 01.10.2008

MTA BC GRUPPO EDITORIALE L'ESPRESSO O P 5983/08 31.07.2008 Hourly trading suspension 31.07.200841 41 MTA BC IFI PRV PRV P 6015/08 08.09.2008 Temporary trading suspension 08.09.200842 42 MTA BC IFIL O P 6015/08 08.09.2008 Temporary trading suspension 08.09.200843 43 MTA BC IFIL RSP RSP P 6015/08 08.09.2008 Temporary trading suspension 08.09.2008

MTA STD1 IMM LOMBARDA O P 5688/08 30.01.2008 Hourly trading suspension 30.01.200844 44 MTA STD1 IPI O P 5840/08 21.04.2008 Temporary trading suspension 21.04.2008


Year 2008 • 117

FINAN

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CO. SH. MKT SEG COMPANY SHARES INTERVENTION OBJECT OF INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

45 45 MTA STD1 IPI O P 5844/08 22.04.2008 Temporary trading suspension 22.04.200846 46 MTA STD1 IPI O P 5847/08 23.04.2008 Trading suspension 23.04.2008

MTA STD1 IPI O P 6006/08 03.09.2008 Trading resumed 04.09.2008MTA BC IRIDE O P 6061/08 16.10.2008 Trading suspension only TAH 16.10.2008

47 47 MTA STD1 KAITECH O P 5883/08 15.05.2008 Temporary trading suspension 15.05.200848 48 MTA STD1 LAVORWASH O P 5816/08 07.04.2008 Temporary trading suspension 07.04.200849 49 MTA BC MARAZZI GROUP O P 5881/08 13.05.2008 Temporary trading suspension + TAH 13.05.200850 50 MTA BC MARAZZI GROUP O P 5978/08 29.07.2008 Temporary trading suspension 31.07.200851 51 MTA BC MARAZZI GROUP O P 5978/08 29.07.2008 Temporary trading suspension 01.08.200852 52 MTA BC MARAZZI GROUP O P 5978/08 29.07.2008 Temporary trading suspension 04.08.2008

MTA BC MILANO ASS ORD O P 5688/08 30.01.2008 Hourly trading suspension 30.01.2008MTA BC MILANO ASS RISP PORT RSP P 5688/08 30.01.2008 Hourly trading suspension 30.01.2008MTA BC MONDADORI O P 6057/08 14.10.2008 Trading suspension only TAH 14.10.2008

53 53 MTA STAR NAVIGAZIONE MONTANARI O P 6040/08 30.09.2008 Temporary trading suspension 10.10.200854 54 MTA STAR NAVIGAZIONE MONTANARI O P 6040/08 30.09.2008 Temporary trading suspension 13.10.200855 55 MTA STAR NAVIGAZIONE MONTANARI O P 6040/08 30.09.2008 Temporary trading suspension 14.10.2008

MTA STAR OMNIA NETWORK O P 5928/08 17.06.2008 Hourly trading suspension 17.06.200856 56 MTA BC PIRELLI & C REAL ESTATE O P 6087/08 05.11.2008 Temporary trading suspension + TAH 05.11.200857 57 MTA STAR POLYNT O P 5863/08 05.05.2008 Temporary trading suspension 06.05.200858 58 MTA STAR POLYNT O P 5863/08 05.05.2008 Temporary trading suspension 07.05.200859 59 MTA STAR POLYNT O P 5863/08 05.05.2008 Temporary trading suspension 08.05.2008

MTA STD1 PREMUDA O P 5907/08 04.06.2008 Hourly trading suspension 04.06.200860 60 MTA STD1 RICHARD-GINORI 1735 O P 5006/06 05.12.2006 Trading suspension 05.12.2006

MTA STAR SAES GETTERS O P 5938/08 24.06.2008 Hourly trading suspension 24.06.2008MTA STAR SAES GETTERS RSP P 5938/08 24.06.2008 Hourly trading suspension 24.06.2008

61 61 MTA STD1 SIRTI O P 5937/08 24.06.2008 Temporary trading suspension 25.06.200862 62 MTA STD1 SIRTI O P 5937/08 24.06.2008 Temporary trading suspension 26.06.200863 63 MTA STD1 SIRTI O P 5937/08 24.06.2008 Temporary trading suspension 27.06.200864 64 MTA STD2 SMURFIT SISA O P 5943/08 26.06.2008 Temporary trading suspension 26.06.200865 65 MTA STD2 SMURFIT SISA O P 6016/08 09.09.2008 Temporary trading suspension 11.09.200866 66 MTA STD2 SMURFIT SISA O P 6016/08 09.09.2008 Temporary trading suspension 12.09.200867 67 MTA STD2 SMURFIT SISA O P 6016/08 09.09.2008 Temporary trading suspension 15.09.200868 68 MTA STD1 SNIA O P 6135/08 22.12.2008 Temporary trading suspension 22.12.200869 69 MTA STD1 SNIA O P 6138/08 23.12.2008 Temporary trading suspension 23.12.2008

MTA MTAI SOCIETE GENERALE O P 5680/08 24.01.2008 Hourly trading suspension 24.01.2008MTA STAR SOGEFI O P 5983/08 31.07.2008 Hourly trading suspension 31.07.2008

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Year 2008 • 118

MERCATO EXPANDIINTERVENTIONS ON LISTED SHARES 2008

A) NEW LISTINGS

COMPANY SEGM SHARES FIRST EVENT 1st DAY SPONSORTYPE TRADING CAPITALISATION

DAY (eur m)

1 Rosss ME ME1 O 09.04.2008 IPO (placement of 16.0% of share capital) 22.77 Abaxbank2 Best Union Company ME ME1 O 20.05.2008 IPO (placement of 38.5% of share capital) 31.33 Banca Akros 3 Enervit ME ME1 O 24.07.2008 IPO (placement of 11.1% of share capital) 42.84 Mediobanca4 Ternienergia ME ME2 O 25.07.2008 IPO (placement of 17.7% of share capital) 37.45 Interbanca


CO. SH. SEG COMPANY INTERVENTION OBJECT OF INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NUM. DATE DATE

- - - - - - - - - -

C) NAME CHANGES

CO. SH. SEG PREVIOUS SHARE INTERVENTION NEW NAME EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NAME TYPE NUM. DATE DATE

1 1 RDM REALTY O 2966 13.02.2008 REALTY VAILOG 14.02.20082 2 CORNELL BHN O 5999 28.03.2008 YORKVILLE BHN 31.03.2008

D) DELISTINGS

CO. SH. SEG COMPANY SHARE INTERVENTION REASON EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

- - - - - - - - - -

E) TECHNICAL DELISTINGS

CO. SH. SEG COMPANY SHARE INTERVENTION REASON EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

- - - - - - - - - -


CO. SH. SEG COMPANY SHARE INTERVENTION OBJECT OF INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

ME1 CORNELL BHN O P 5717/08 13.12.2008 Hourly trading suspension 13.02.20081 1 ME2 NOVA RE O P 5867/08 08.05.2008 Trading suspension 08.05.20082 2 ME2 NOVA RE O P 5867/08 08.05.2008 Trading suspension 09.05.2008


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MACINTERVENTIONS ON LISTED SHARES 2008

A) NEW LISTINGS

COMPANY SEGM SHARES FIRST EVENT 1st DAY SPONSORTYPE TRADING CAPITALISATION

DAY (eur m)

1 SEI Servizi energetici integrati MAC O 04.04.2008 Admission with institutional placement 58.84 MPS Capital Services Banca per le Imprese


CO. SH. SEG COMPANY INTERVENTION OBJECT OF INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NUM. DATE DATE

- - - - - - - - -

C) NAME CHANGES

CO. SH. SEG PREVIOUS SHARE INTERVENTION NEW NAME EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NAME TYPE NUM. DATE DATE

- - - - - - - - -

D) DELISTINGS

CO. SH. SEG COMPANY SHARE INTERVENTION REASON EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

- - - - - - - - -

E) TECHNICAL DELISTINGS

CO. SH. SEG COMPANY SHARE INTERVENTION REASON EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

- - - - - - - - -


CO. SH. SEG COMPANY SHARE INTERVENTION OBJECT OF INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _TYPE NUM. DATE DATE

- - - - - - - - -

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WARRANT LISTINGS IN 2008WARRANT UNDERLYING NUMBER PERIOD CODES INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ISSUER SHARE (million) ALPH ISIN NUM. DATE DATE

1 WARR INV SVIL MED 11 INVEST. E SVIL. MEDITERRANEO 49 713 000 2009-2011 WIESM IT0004283930 P 5636/07 17.12.2007- - 30.01.2008

2 WARR GREENERGYCAPITAL 2011 GREENERGYCAPITAL 20 875 740 000 2008-2011 WGEC IT0004279623 P 5666/08 14.01.2008- - 20.03.2008

3 WARR RETELIT 08-11 RETELIT 24 700 980 2008-2011 WLIT11 IT0004371099 P 5922/08 16.06.2008- - 24.07.2008

WARRANT DELISTINGS IN 2008WARRANT UNDERLYING INTERVENTION OBJECT OF EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ISSUER SHARE AVV. DATA INTERVENTION DATE

1 CREDITO VALTELLINESE CREDITO VALTELLINESE 6283 31.03.2008 End of exercise period 28.04.2008

2 IRIDE IRIDE 10464 26.05.2008 End of exercise period 26.06.2008

3 FONDIARIA - SAI FONDIARIA - SAI 10899 03.06.2008 End of exercise period 26.06.2008

4 BANCA IFIS BANCA IFIS 12670 03.07.2008 End of exercise period 29.07.2008

TRADING INTERVENTION ON WARRANT IN 2008WARRANT UNDERLING CODES INTERVENTION OBJECT OF EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ISSUER SHARE ALPH ISIN AVV. DATA INTERVENTION DATE

- - - - - - - -


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CLOSED END FUNDS LISTINGS IN 2008COMPANY CLOSED END CLOSED END QUOTE EXPIRE CODES INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

NAME FUNDS NAME FUNDS TYPE NUMBER DATE ALFAB ISIN NUM. DATE DATE

- - - - - - - - - -

CLOSED END FUNDS DELISTINGS IN 2008CLOSED END FUND CLOSED END INTERVENTION OBJECT EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ISSUER FUNDS TYPE NUM. DATE OF INTERVENTION DATE

1 ARCA IMPRESA GESTIONI CLOSED END FUNDS 22643 20.12.2007 Transfer residual activity 02.01.20082 QF DUCATO VENTURE CLOSED END FUNDS 10896 03.06.2008 Early closure 04.06.2008

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Year 2008 • 122

1 SPA ETF PLC MARKET GRADER 40 EQUITY USA 20000 SPMGFT IE00B1X4RN73 P 5604/07 29.11.2007- - 08.01.2008

2 SPA ETF PLC MARKET GRADER 100 EQUITY USA 10000 SPMG1H IE00B1X6MY99 P 5604/07 29.11.2007- - 08.01.2008

3 SPA ETF PLC MARKET GRADER 200 EQUITY USA 10000 SPMG2H IE00B1X6PB77 P 5604/07 29.11.2007- - 08.01.2008

4 SPA ETF PLC MARKET GRADER SMALL CAP EQUITY USA 10000 SPMGSC IE00B1X6R117 P 5604/07 29.11.2007- - 08.01.2008

5 SPA ETF PLC MARKET GRADER MID CAP EQUITY USA 10000 SPMGMC IE00B1X6PV73 P 5604/07 29.11.2007- - 08.01.2008

6 SPA ETF PLC MARKET GRADER LARGE CAP EQUITY USA 15000 SPMGLC IE00B1X6PT51 P 5604/07 29.11.2007- - 08.01.2008

7 LYXOR ETF WORLD WATER (QUOTE A) THEMATIC 1000000 WAT FR0010527275 P 5626/07 13.12.2007- - 14.01.2008

8 LYXOR ETF NEW ENERGY (QUOTE A) THEMATIC 550000 ENER FR0010524777 P 5626/07 13.12.2007- - 14.01.2008

9 DB X-TRACKERS II FED FUNDS EFFECTIVE RATE TRI ETF LIQUIDITY (EURO) 30100 XFFE LU0321465469 P 5625/07 13.12.2007- - 29.01.2008

10 DB X-TRACKERS II SONIA TOTAL RETURN INDEX ETF LIQUIDITY (EURO) 28700 XSTR LU0321464652 P 5625/07 13.12.2007- - 29.01.2008

11 POWERSHARES GLOBAL LISTED PRIVATE EQUITY FUND PRIVATE EQUITY 400001 PSP IE00B23D8Z06 P 5663/08 10.01.2008- - 18.01.2008

12 POWERSHARES PALISADES GLOBAL WATER FUND THEMATIC 400001 PIO IE00B23D9026 P 5663/08 10.01.2008- - 18.01.2008

13 POWERSHARES GLOBAL CLEAN ENERGY FUND THEMATIC 400001 PBW IE00B23D9133 P 5663/08 10.01.2008- - 18.01.2008

14 POWERSHARES DYNAMIC US MARKET FUND EQUITY USA 500001 PWC IE00B23D9240 P 5663/08 10.01.2008- - 18.01.2008

15 POWERSHARES DYNAMIC GLOBAL DEVELOPED MARKETS FUND EQUITY WORLD 500001 PFA IE00B23D9463 P 5663/08 10.01.2008- - 18.01.2008

16 POWERSHARES DYNAMIC EUROPE FUND EQUITY EUROPE 400001 PEH IE00B23D9570 P 5663/08 10.01.2008- - 23.01.2008

17 POWERSHARES DYNAMIC ITALY FUND EQUITY ITALY 400001 PDI IE00B23LNR19 P 5663/08 10.01.2008- - 23.01.2008

18 SGAM ETF LEVERAGED S&P/MIB SEMI-ACTIVE 10000 LEVMIB FR0010446658 P 5692/08 01.02.2008- - 11.02.2008

19 SGAM ETF XBEAR S&P/MIB SEMI-ACTIVE 10000 XBRMIB FR0010446666 P 5692/08 01.02.2008- - 11.02.2008

20 SGAM ETF BEAR S&P/MIB SEMI-ACTIVE 10000 BERMIB FR0010446146 P 5691/08 01.02.2008- - 11.02.2008

21 ETF STOXXSM200 ISHDE SMALL CAP EQUITY (EURO ZONE) 2366617 EXSE DE000A0D8QZ7 P 5722/08 14.02.2008- 26.02.2008

22 ETF DAX ISHDE EQUITY EUROPE (EURO ZONE) 42760750 EXS1 DE0005933931 P 5722/08 14.02.2008- 26.02.2008

23 ETF STXX SUS40 ISHDE EQUITY EUROPE (EURO ZONE) 1657625 EXXV DE000A0F5UG3 P 5722/08 14.02.2008- 26.02.2008

24 ETF DJEUROSTXX ISHDE EQUITY EUROPE 7617565 EXSI DE000A0D8Q07 P 5722/08 14.02.2008- 26.02.2008

25 ETF STXX600 ISHDE EQUITY EUROPE 13869865 EXSA DE0002635307 P 5722/08 14.02.2008- 26.02.2008

26 ETF STOXXLG200 ISHDE EQUITY EUROPE 716425 EXSC DE0005933980 P 5722/08 14.02.2008- 26.02.2008

27 ETF STOXXMD200 ISHDE MID CAP EQUITY (EURO ZONE) 6455880 EXSD DE0005933998 P 5722/08 14.02.2008- 26.02.2008

28 ETF DJ US SLDV ISHDE STYLE 1212890 EXX5 DE000A0D8Q49 P 5722/08 14.02.2008- 26.02.2008

29 ETF DJSTXSDV30 ISHDE STYLE 4143512 EXSH DE0002635299 P 5722/08 14.02.2008- 26.02.2008

30 ETF DJSTXAUTO ISHDE EQUITY SECTORS INDEX 549241 EXXA DE000A0D8Q56 P 5722/08 14.02.2008- 26.02.2008

31 ETF DJSTXBNK ISHDE EQUITY SECTORS INDEX 1471423 EXXB DE000A0D8Q64 P 5722/08 14.02.2008- 26.02.2008

32 ETF DJSTXBASRE ISHDE EQUITY SECTORS INDEX 1254979 EXXC DE000A0D8Q72 P 5722/08 14.02.2008- 26.02.2008

33 ETF DJSTXCHEM ISHDE EQUITY SECTORS INDEX 199476 EXXD DE000A0D8Q80 P 5722/08 14.02.2008- 26.02.2008

34 ETF DJSTXCONST ISHDE EQUITY SECTORS INDEX 200283 EXXE DE000A0F5T02 P 5722/08 14.02.2008- 26.02.2008

35 ETF DJSTXFINAN ISHDE EQUITY SECTORS INDEX 395479 EXXF DE000A0F5T10 P 5722/08 14.02.2008- 26.02.2008

36 ETF DJAIG COMM ISHDE COMMODITIES 622664 EXXY DE000A0H0728 P 5722/08 14.02.2008- 26.02.2008

37 ETF DJSTX UE15 ISHDE EQUITY EUROPE 1514307 EXSJ DE000A0D8Q15 P 5722/08 14.02.2008- 26.02.2008

38 ETF EBREX PFAN ISHDE CORPORATE BOND (EURO) 5331085 EXHE DE0002635265 P 5722/08 14.02.2008- 26.02.2008

39 ETF DJSTXUTIL ISHDE EQUITY SECTORS INDEX 1497168 EXXS DE000A0F5UD0 P 5722/08 14.02.2008- 26.02.2008

40 ETF DJSTXTECH ISHDE EQUITY SECTORS INDEX 401653 EXXP DE000A0F5UA6 P 5722/08 14.02.2008- 26.02.2008

ETF AND OPEN FUNDS LISTINGS IN 2008FUND FUND QUOTES CODES INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NAME CATEGORY NUMBER ALFAB ISIN NUM. DATE DATE


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41 ETF DJSTXTRAV ISHDE EQUITY SECTORS INDEX 1899723 EXXR DE000A0F5UC2 P 5722/08 14.02.2008- 26.02.2008

42 ETF DJSTXTELEC ISHDE EQUITY SECTORS INDEX 2103962 EXXQ DE000A0F5UB4 P 5722/08 14.02.2008- 26.02.2008

43 ETF DJSTXRETAI ISHDE EQUITY SECTORS INDEX 1304773 EXXN DE000A0F5T93 P 5722/08 14.02.2008- 26.02.2008

44 ETF DJSTXPERS& ISHDE EQUITY SECTORS INDEX 335834 EXXM DE000A0F5T85 P 5722/08 14.02.2008- 26.02.2008

45 ETF DJSTXOIL&G ISHDE EQUITY SECTORS INDEX 2606845 EXXL DE000A0F5T77 P 5722/08 14.02.2008- 26.02.2008

46 ETF DJSTXMEDIA ISHDE EQUITY SECTORS INDEX 1302285 EXXK DE000A0F5T69 P 5722/08 14.02.2008- 26.02.2008

47 ETF DJSTXINSUR ISHDE EQUITY SECTORS INDEX 3478614 EXXJ DE000A0F5T51 P 5722/08 14.02.2008- 26.02.2008

48 ETF DJSTXINDUS ISHDE EQUITY SECTORS INDEX 501052 EXXI DE000A0F5T44 P 5722/08 14.02.2008- 26.02.2008

49 ETF DJSTXHEALT ISHDE EQUITY SECTORS INDEX 1753787 EXXH DE000A0F5T36 P 5722/08 14.02.2008- 26.02.2008

50 ETF DJSTXFOOD ISHDE EQUITY SECTORS INDEX 801207 EXXG DE000A0F5T28 P 5722/08 14.02.2008- 26.02.2008

51 LYXOR ETF WISE QUANTITATIVE STRATEGY EQUITY EUROPE 1000000 WISE FR0010540690 P 5730/08 21/02/2008- 06.03.2008

52 DB X-TRACKERS S&P 500 SHORT ETF SHORT 145000 XSPS LU0322251520 P 5747/08 03/03/2008- 14.03.2008

53 DB X-TRACKERS MSCI RUSSIA CAPPED INDEX ETF AZIONARIO EST EUROPA 700000 XMRC LU0322252502 P 5747/08 03/03/2008- 14.03.2008

54 DB X-TRACKERS FTSE VIETNAM ETF EMERGING MARKETS 150000 XFVT LU0322252924 P 5747/08 03/03/2008- 14.03.2008

55 DB X-TRACKERS LPX MM PRIVATE EQUITY ETF PRIVATE EQUITY 100000 XLPE LU0322250712 P 5747/08 03/03/2008- 14.03.2008

56 DB X-TRACKERS S&P GLOBAL INFRASTRUCTURE ETF EQUITY SECTORS INDEX 140000 XSGI LU0322253229 P 5747/08 03/03/2008- 14.03.2008

57 DB X-TRACKERS MSCI EUROPE MID CAP TRN INDEX ETF MID CAP EQUITY 60000 XEUM LU0322253732 P 5747/08 03/03/2008- 14.03.2008

58 DB X-TRACKERS MSCI EUROPE SMALL CAP TRN INDEX ETF SMALL CAP EQUITY 150000 XXSC LU0322253906 P 5747/08 03/03/2008- 14.03.2008

59 DB X-TRACKERS S&P/ASX 200 ETF EQUITY PACIFIC 150000 XAUS LU0328474803 P 5747/08 03/03/2008- 14.03.2008

60 DB X-TRACKERS S&P SELECT FRONTIER ETF EMERGING MARKETS 240000 XSFR LU0328476410 P 5747/08 03/03/2008- 14.03.2008

61 ISHARES S&P/MIB EQUITY ITALY 100000 IMIB IE00B1XNH568 P 5752/08 06/03/2008- 18.03.2008

62 ISHARES S&P GLOBAL CLEAN ENERGY THEMATIC 1700000 INRG IE00B1XNHC34 P 5752/08 06/03/2008- 18.03.2008

63 ISHARES MSCI EUROPE EQUITY EUROPE 800000 IMEU IE00B1YZSC51 P 5752/08 06/03/2008- 18.03.2008

64 ISHARES S&P TIMBER & FORESTRY THEMATIC 500000 WOOD IE00B27YCF74 P 5752/08 06/03/2008- 18.03.2008

65 ISHARES MSCI LATIN AMERICA EMERGING MARKETS 300000 LTAM IE00B27YCK28 P 5752/08 06/03/2008- 18.03.2008

66 DB X-TRACKERS DJ STOXX 600 BANKS SHORT ETF SHORT 120000 XS7S LU0322249037 P 5747/08 03.03.2008- 19.03.2008

67 DB X-TRACKERS DJ STOXX 600 HEALTH CARE SHORT ETF SHORT 80000 XSDS LU0322249466 P 5747/08 03.03.2008- 19.03.2008

68 DB X-TRACKERS DJ STOXX 600 OIL & GAS SHORT ETF SHORT 100000 XSES LU0322249623 P 5747/08 03.03.2008- 19.03.2008

69 DB X-TRACKERS DJ STOXX 600 TECHNOLOGY SHORT ETF SHORT 100000 XS8S LU0322250043 P 5747/08 03.03.2008- 19.03.2008

70 DB X-TRACKERS DJ STOXX 600 TELECOMMUNIC SHORT ETF SHORT 100000 XSKS LU0322250126 P 5747/08 03.03.2008- 19.03.2008

71 LYXOR ETF MSCI TAIWAN (QUOTE B) EMERGING MARKETS 300000 TWN FR0010444786 P 5549/07 25/10/2007- 27.03.2008

72 JPMORGAN ETF GBI EMU 1-3Y GOVERNMENT BONDS (EURO) 100000 JGBEU1 FR0010561183 P 5833/08 17/04/2008- 06.05.2008




76 LYXOR ETF FTSE 100 EQUITY UNITED KINGDOM 15095000 FTS100 FR0010438127 P 5832/08 17/04/2008- 08.05.2008

77 DB X-TRACKERS II EONIA TOTAL RETURN ETF CLASSE 1D LIQUIDITY 40000 XEOD LU0335044896 P 5831/08 17.04.2008- 09.05.2008

78 MARKET ACCESS AMEX GOLD BUGS INDEX FUND THEMATIC 221467 GOLDA LU0259322260 P 5868/08 09.05.2008- 25.06.2008

79 MARKET ACCESS DAXGLOBAL ASIA INDEX FUND EMERGING MARKETS 174826 ASIADX LU0259323235 P 5868/08 09.05.2008- 25.06.2008

80 MARKET ACCESS DAXGLOBAL BRIC INDEX FUND EMERGING MARKETS 232758 BRICDX LU0269999792 P 5868/08 09.05.2008- 25.06.2008


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81 MARKET ACCESS DAXGLOBAL RUSSIA INDEX FUND EMERGING MARKETS 197924 RUSSDX LU0269999958 P 5868/08 09.05.2008- 25.06.2008

82 MARKET ACCESS DOW JONES TURKEY TITANS 20 FUND EMERGING MARKETS 50000 TURK LU0269999362 P 5868/08 09.05.2008- 25.06.2008

83 MARKET ACCESS FTSE/JSE AFRICA TOP 40 INDEX FUND EMERGING MARKETS 181753 AFRI LU0270000028 P 5868/08 09.05.2008- 25.06.2008

84 MARKET ACCESS JIM ROGERS INT COMMODITY FUND COMMODITIES 2844400 RICI LU0249326488 P 5868/08 09.05.2008- 25.06.2008

85 MARKET ACCESS RICI - A INDEX FUND COMMODITIES 575977 RICIAG LU0259321452 P 5868/08 09.05.2008- 25.06.2008

86 MARKET ACCESS RICI - M INDEX FUND COMMODITIES 138500 RICIME LU0259320728 P 5868/08 09.05.2008- 25.06.2008

87 MARKET ACCESS SOUTH-EAST EUROPE TRADED INDEX FUND EMERGING MARKETS 384084 SUDEUR LU0259329869 P 5868/08 09.05.2008- 25.06.2008

88 DB X-TRACKERS II EMERG MARKETS LIQUID EURB IND ETF GOVERNMENT BONDS (EMERGING) 80000 XEMB LU0321462953 P 5914/08 11.06.2008- 27.06.2008

89 DB X-TRACKERS II SHORT IBOXX SOVER EUROZ TRI ETF BOND SHORT 80000 XSGL LU0321463258 P 5914/08 11.06.2008- 27.06.2008

90 LYXOR ETF MSCI THAILAND (QUOTE A) AZIONARIO MERCATI EMERGENTI 3394000 TAIL FR0010398719 P 5942/08 26.06.2008- 10.07.2008

91 LYXOR ETF MSCI MALAYSIA (QUOTE A) AZIONARIO MERCATI EMERGENTI 2533700 MAL FR0010397554 P 5942/08 26.06.2008- 10.07.2008

92 DB X-TRACKERS II ITRAXX EUROPE 5-YEAR SHORT ETF INDICI DI CREDITO 170156 XTE5 LU0321462102 P 5963/08 10.07.2008- 22.07.2008

93 DB X-TRACKERS II ITRAXX HIVOL 5-YEAR SHORT ETF INDICI DI CREDITO 50162 XTH5 LU0321462441 P 5963/08 10.07.2008- 22.07.2008

94 DB X-TRACKERS II ITRAXX CROSSOVER 5-YEAR SHORT ETF INDICI DI CREDITO 395308 XTC5 LU0321462870 P 5963/08 10.07.2008- 22.07.2008

95 DB X-TRACKERS II ITRAXX EUROPE 5-YEAR ETF INDICI DI CREDITO 3470921 XTXE LU0290358653 P 5963/08 10.07.2008- 22.07.2008

96 DB X-TRACKERS II ITRAXX HIVOL 5-YEAR ETF INDICI DI CREDITO 560496 XTXH LU0290358737 P 5963/08 10.07.2008- 22.07.2008

97 DB X-TRACKERS II ITRAXX CROSSOVER 5-YEAR ETF INDICI DI CREDITO 1521228 XTXC LU0290359032 P 5963/08 10.07.2008- 22.07.2008

98 LYXOR ETF PAN AFRICA (QUOTE A) AZIONARIO MERCATI EMERGENTI 2000000 LAFRI FR0010636464 P 6030/08 18.09.2008- 29.09.2008

99 JPMORGAN ETF GBI LOCAL US TITOLI DI STATO (NON EURO) 10001 JPMUS FR0010561365 P 5971/08 17.07.2008- 07.10.2008

100 LYXOR ETF SHORT STRATEGY EUROPE (ON DJ STOXX 600) AZIONARIO SHORT 107600 DJS FR0010589101 P 6029/08 18.09.2008- 09.10.2008

101 LYXOR ETF MSCI EMU AZIONARIO EUROPA (AREA EURO) 10106062 EMU FR0007085501 P 6030/08 18.09.2008- 09.10.2008

102 POWERSHARES EUROMTS CASH 3 MONTHS FUND LIQUIDITA' 15000 PEU IE00B3BPCH51 P 6044/08 02.10.2008- 10.10.2008

103 POWERSHARES GLOBAL AGRICULTURE NASDAQ OMX FUND TEMATICI 100001 PSU IE00B3BQ0418 P 6059/08 23.10.2008- 27/10/2008

104 LYXOR ETF MSCI ASIA APEX 50 (QUOTE A) AZIONARIO MERCATI EMERGENTI 570000 APEX FR0010652867 P 6060/08 16.10.2008- 05/11/2008

105 DB X-TRACKERS II ITRAXX EU SEN FINANCIALS 5-Y ETF INDICI DI CREDITO 30000 XSN5 LU0378819295 P 6110/08 04.12.2008- 18.12.2008

106 DB X-TRACKERS II ITRAXX EU SUB FINANCIALS 5-Y ETF INDICI DI CREDITO 30000 XSB5 LU0378819378 P 6110/08 04.12.2008- 18.12.2008

107 DB X-TRACKERS II ITRAXX EU SEN FINAN 5-Y SHORT ETF INDICI DI CREDITO 30000 XSNS LU0378819709 P 6110/08 04.12.2008- 18.12.2008

108 DB X-TRACKERS II ITRAXX EU SUB FINAN 5-Y SHORT ETF INDICI DI CREDITO 30000 XSBS LU0378819881 P 6110/08 04.12.2008- 18.12.2008


ETF AND OPEN FUNDS DELISTINGS IN 2008CLOSED END FUND FUND INTERVENTION OBJECT EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ISSUER TYPE NUM. DATE OF INTERVENTION DATE

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1 ETFS FWD NATURAL GAS ENERGY 2 385 001 NGAF JE00B24DM351 P 5667/08 15.01.2008- - 23.01.2008

2 ETFS FWD ALLCOMM DJ INDEX COMMODITIES 51 000 FAIG JE00B24DMC49 P 5667/08 15.01.2008- - 23.01.2008

3 ETFS FWD ENERGY DJ INDEX COMMODITIES 1 000 ENEF JE00B24DMD55 P 5667/08 15.01.2008- - 23.01.2008

4 ETFS FWD PETROL DJ INDEX COMMODITIES 26 000 FPET JE00B24DMF79 P 5667/08 15.01.2008- - 23.01.2008

5 ETFS FWD EXENERGY DJ INDEX COMMODITIES 11 000 EXEF JE00B24DMG86 P 5667/08 15.01.2008- - 23.01.2008

6 ETFS FWD INDMETAL DJ INDEX COMMODITIES 6 000 FIND JE00B24DMJ18 P 5667/08 15.01.2008- - 23.01.2008

7 ETFS FWD AGRIC DJ INDEX COMMODITIES 2 627 000 FAGR JE00B24DMK23 P 5667/08 15.01.2008- - 23.01.2008

8 ETFS FWD SOFTS DJ INDEX COMMODITIES 10 000 SOFF JE00B24DML30 P 5667/08 15.01.2008- - 23.01.2008

9 ETFS FWD LIVESTOC DJ INDEX COMMODITIES 21 000 FLIV JE00B24DMM47 P 5667/08 15.01.2008- - 23.01.2008

10 ETFS FWD GRAINS DJ INDEX COMMODITIES 1 377 000 GRAF JE00B24DMN53 P 5667/08 15.01.2008- - 23.01.2008

ETC DELISTINGS IN 2008CLOSED END FUND FUND INTERVENTION OBJECT EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ISSUER TYPE NUM. DATE OF INTERVENTION DATE

- - - - - -

ETC LISTINGS IN 2008FUND FUND QUOTES CODES INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _NAME CATEGORY NUMBER ALFAB ISIN NUM. DATE DATE

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Year 2008 • 126

CONVERTIBLE BONDS LISTINGS IN 2008BOND UNDERLYING MARKET PERIOD RATE CODES INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ISSUER SHARE ALFAB ISIN NUM. DATE DATE

- - - - - - - - - -

CONVERTIBLE BONDS DELISTINGS IN 2008CONVERTIBLE BOND UNDERLYING MARKET INTERVENTION OBJECT OF EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ISSUER SHARE NUM. DATE INTERVENTION DATE

1 AZIMUT HOLDING AZIMUT 09 CV 3,15% MTA 731 14/01/2008 Exercise of call option 14.02.2008


Year 2008 • 127

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ENT

1 BOT 15.01.2008 - 15.04.2008 ZERO COUPON EUR 91 days 99.006 1 000 3 500 000 IT0004311749 P 5661/07 08.01.2008 11.01.20082 BOT 15.01.2008 - 15.01.2009 ZERO COUPON EUR 336 days 96.139 1 000 7 000 000 IT0004309172 P 5660/08 08.01.2008 11.01.20083 BOT 31.01.2008-31.07.2008 ZERO COUPON EUR 6 months 98.118 1 000 9 500 000 IT0004309180 P 5679/08 24/01/2008 29.01.20084 CCT 07.14 TITOLO CON CEDOLE TV EUR 7 years 100.700 1 000 3 500 000 IT0004321813 P 5683/08 31/01/2008 31.01.20085 BOT 15.02.2008 - 30.06.2008 ZERO COUPON EUR 136 days 98.608 1 000 3 000 000 IT0004327950 P 5711/08 11.02.2008 13.02.20086 BOT 15.02.2008 -16.02.2009 ZERO COUPON EUR 367 days 96.639 1 000 7 500 000 IT0004324932 P 5710/08 11.02.2008 13.02.20087 BOT 29.02.2008-29.08.2008 ZERO COUPON EUR 182 days 98.085 1 000 9 000 000 IT0004324957 P 5735/08 22.02.2008 27.02.20088 BTP 08.11 TITOLO CON CEDOLE TF 3,75% EUR 3 years 100.330 3.75% 1 000 4 000 000 IT0004332521 P 5743/08 26.02.2008 29.02.20089 BOT 14.03.2008 - 16.03.2009 TITOLO CED. TV EUR 367 days 96.277 1 000 7 156 666 IT0004343791 P 5756/08 10.03.2008 12.03.2008

10 BOT 14.03.2008 - 30.09.2008 ZERO COUPON 200 days 97.826 1 000 3 000 000 IT0004345135 P 5757/08 10.03.2008 12.03.200811 BOT 31.03.2008 - 31.07.2008 ZERO COUPON EUR 122 days 98.617 1 000 2 500 000 IT0004349384 P 5787/08 20/03/2008 27.03.200812 BOT 31.03.2008 - 30.09.2008 ZERO COUPON EUR 183 days 97.944 1 000 8 500 000 IT0004343809 P 5788/08 20/03/2008 27.03.200813 BOT 15.04.2008 - 15.04.2009 ZERO COUPON EUR 365 days 96.152 1 000 8 000 000 IT0004351406 P 5814/08 07.04.2008 11.04.200814 BOT 15.04.2008 - 15.07.2008 ZERO COUPON EUR 91 days 99.001 1 000 4 000 000 IT0004354764 P 5813/08 07.04.2008 11.04.200815 BTP 08.23 TITOLO CON CEDOLE TF 4,75% EUR 15 and

6 months 99.135 4.75% 1 000 4 000 000 IT0004356843 P 5822/08 10.04.2008 11.04.200816 CTZ 30.04.2008 - 30.04.2010 ZERO COUPON EUR 2 years 92.280 1 000 3 500 000 IT0004361058 P 5841/08 22.04.2008 25.04.200817 BOT 30.04.08 - 31.10.08 ZERO COUPON EUR 184 days 97.978 1 000 9 500 000 IT0004351414 P 5842/08 22/04/2008 28.04.200818 BTP 08.18 TITOLO CON CEDOLE TF 4,50% EUR 10 years and

4 months 99.190 4.50% 1 000 4 000 000 IT0004361041 P 5848/08 23/04/2008 30.04.200819 BOT 15.05.2008 - 15.08.2008 ZERO COUPON EUR 3 months 98.980 1 000 3 500 000 IT0004365562 P 5870/08 09.05.2008 13.05.200820 BOT 15.05.2008-15.05.2009 ZERO COUPON EUR 1 year 96.070 1 000 6 500 000 IT0004363195 P 5869/08 09.05.2008 13.05.200821 BTP 08.13 TITOLO CON CEDOLE TF 425% EUR 5 years 100.000 4.75% 1 000 4 000 000 IT0004365554 P 5873/08 12.05.2008 15.05.200822 BTPI 08.19 TITOLO CON CEDOLE TV EUR 11 years and

115 days 99.786 2.35% 1 000 4 000 000 IT0004380546 P 5891/08 22.05.2008 23.05.200823 BOT 30.05.2008 - 28.11.2008 ZERO COUPON EUR 182 days 97.957 1 000 8 500 000 IT0004363187 P 5893/08 23.05.2008 28.05.200824 BOT 16.06.2008 - 28.11.2008 ZERO COUPON EUR 165 days 98.028 1 000 3 000 000 IT0004375397 P 5913/08 09.06.2008 12.06.200825 BOT 16.06.2008 - 15.06.2009 ZERO COUPON EUR 364 days 95.574 1 000 5 500 000 IT0004381866 P 5912/08 09.06.2008 12.06.200826 BOT 30.06.08 - 31.12.08 ZERO COUPON EUR 184 days 97.782 1 000 9 500 000 IT0004381874 P 5936/08 23.06.2008 26.06.200827 BOT 15.07.08 - 15.10.08 ZERO COUPON EUR 92 days 98.901 . 1 000 4 000 000 IT0004391030 P 5962/08 07.09.2008 11.07.200828 BOT 15.07.08 - 15.07.09 ZERO COUPON EUR 365 days 95.608 . 1 000 6 000 000 IT0004378615 P 5961/08 07.09.2008 11.07.200829 BOT 31.07.2008 - 30.01.2009 ZERO COUPON EUR 183 days 97.819 . 1 000 9 500 000 IT0004378607 P 5975/08 24.07.2008 29.07.200830 BOT 15.08.2008 - 14.11.2008 ZERO COUPON EUR 91 days 98.914 . 1 000 3 500 000 IT0004402001 P 5994/08 08.08.2008 13.08.200831 BOT 15.08.2008 - 14.08.2009 ZERO COUPON EUR 364 days 95.831 . 1 000 6 000 000 IT0004390123 P 5993/08 08.08.2008 13.08.200832 BOT 29.08.2008 - 27.02.2009 ZERO COUPON EUR 182 days 97.853 . 1 000 9 500 000 IT0004390149 P 5998/08 27/08/2008 27.08.200833 BTP 08.11 TITOLO CON CEDOLE TF 4,25% EUR 3 years 99.420 4.25% 1 000 4 000 000 IT0004404973 P 6002/08 26.08.2008 29.08.200834 CCT 08.15 TITOLO CON CEDOLE TV EUR 7 years 99.010 2.32% 1 000 2 000 000 IT0004404965 P 6001/08 26.08.2008 29.08.200835 BOT 15.09.2008 - 15.12.2008 ZERO COUPON EUR 91 days 98.903 . 1 000 3 000 000 IT0004408859 P 6014/08 08.09.2008 11.09.200836 BOT 15.09.2008 - 15.09.2009 ZERO COUPON EUR 365 days 95.817 . 1 000 7 000 000 IT0004405244 P 6013/08 08.09.2008 11.09.200837 BOT 30.09.2008 - 31.12.2008 ZERO COUPON EUR 92 days 98.931 . 1 000 3 500 000 IT0004413883 P 6034/08 23/09/2008 26.09.200838 CTZ 30.09.2008 - 30.09.2010 ZERO COUPON EUR 2 years 91.928 . 1 000 3 500 000 IT0004413909 P 6033/08 23/09/2008 26.09.200839 BOT 30.09.2008 - 31.03.2009 ZERO COUPON EUR 182 days 97.901 . 1 000 9 500 000 IT0004405251 P 6032/08 23/09/2008 26.09.200840 BOT 15.10.2008 - 15.01.2009 ZERO COUPON EUR 92 days 99.402 1 000 6 000 000 IT0004419021 P 6050/08 08.10.2008 13.10.200841 BOT 15.10.2008 - 15.10.2009 ZERO COUPON EUR 365 days 96.989 . 1 000 6 000 000 IT0004411978 P 6049/08 08.10.2008 13.10.200842 BOT 31.10.2008 - 30.04.2009 ZERO COUPON EUR 181 days 98.553 . 1 000 10 500 000 IT0004411960 P 6065/08 24.10.2008 29.10.200843 BTP 08.19 TITOLO CON CEDOLE TF 450% EUR 10 years and

6 months 94.350 4.50% 1 000 3 500 000 IT0004423957 P 6071/08 28.10.2008 31.10.200844 BOT 14.11.2008 - 16.11.2009 ZERO COUPON EUR 367 days 97.383 . 1 000 6 000 000 IT0004429475 P 6092/08 10.11.2008 12.11.200845 BOT 14.11.2008 - 16.02.2009 ZERO COUPON EUR 94 days 99.276 . 1 000 4 500 000 IT0004431299 P 6093/08 10.11.2008 12.11.200846 BOT 28.11.2008 - 29.05.2009 ZERO COUPON EUR 182 days 98.770 . 1 000 10 000 000 IT0004429491 P 6102/08 21.11.2008 26.11.200847 BOT 15.12.2008 - 15.12.2009 ZERO COUPON EUR 365 days 97.400 . 1 000 6 500 000 IT0004438393 P 6114/08 05.12.2008 11.12.200848 BOT 15.12.2008 - 16.03.2009 ZERO COUPON EUR 91 days 99.381 . 1 000 4 500 000 IT0004439540 P 6113/08 05.12.2008 11.12.200849 BOT 02.01.2009 - 30.06.2009 ZERO COUPON EUR 6 months 99.063 . 1 000 10 500 000 IT0004438401 P 6136/08 23/12/2008 30.12.2008

GOVERNMENT BONDS LISTINGS IN 2008GOVERNMENT BONDS PERIOD PRICE RATE NOMINAL NUMBER ISIN INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

VALUE CODE NUM. DATE DATE(euro)

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Year 2008 • 128

GOVERNMENT BONDS DELISTINGS IN 2008GOVERNMENT BONDS ISIN INTERVENTION OBJECT EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

CODE NUM. DATE OF INTERVENTION DATE

1 B.T.P. 03/08 TITOLO CON CEDOLA TF 3,5% EUR IT0003413892 21858 10.12.2007 Redemption at maturity 10.01.20082 B.O.T. 15.1.2007 - 15.1.2008 ZERO COUPON EUR IT0004168727 21858 10.12.2007 Redemption at maturity 11.01.20083 B.O.T. 15.10.07 - 15.01.08 ZERO COUPON EUR IT0004284730 21858 10.12.2007 Redemption at maturity 11.01.20084 B.O.T. 31.07.2007 - 31.01.2008 ZERO COUPON EUR IT0004246580 21858 10.12.2007 Redemption at maturity 29.01.20085 B.T.P. 05/08 TITOLO CON CEDOLE TF 2,75% EUR IT0003804850 835 15.01.2008 Redemption at maturity 29.01.20086 B.O.T. 15.2.2007 - 15.2.2008 IT0004179153 835 15.01.2008 Redemption at maturity 13.02.20087 B.O.T. 15.11.2007 - 15.02.2008 IT0004293202 835 15.01.2008 Redemption at maturity 13.02.20088 B.O.T. 31.8.2007 - 29.2.2008 IT0004254048 835 15.01.2008 Redemption at maturity 27.02.20089 B.O.T. 15.3.2007 - 14.3.2008 IT0004200587 3167 15.02.2008 Redemption at maturity 12.03.2008

10 B.O.T. 28.09.07 - 31.03.08 IT0004274046 3167 15.02.2008 Redemption at maturity 27.03.200811 C.C.T. 01/08 TITOLO CON CEDOLE TV EUR IT0003097109 4436 07.03.2008 Redemption at maturity 27.03.200812 B.O.T. 16/04/2007 - 15/04/2008 ZERO COUPON EUR IT0004219546 4436 07.03.2008 Redemption at maturity 11.04.200813 B.O.T. 15/01/2008 - 15/04/2008 ZERO COUPON EUR IT0004311749 4436 07.03.2008 Redemption at maturity 11.04.200814 B.O.T. 31/10/2007 - 30/04/2008 ZERO COUPON EUR IT0004282783 4436 07.03.2008 Redemption at maturity 28.04.200815 B.T.P. 98/08 TITOLO CON CEDOLE TF 5% ITL IT0001224309 6883 08.04.2008 Redemption at maturity 28.04.200816 B.O.T. 15/05/2007 - 15/05/2008 ZERO COUPON EUR IT0004229511 6883 08.04.2008 Redemption at maturity 13.05.200817 C.T.Z. 28/04/2006 - 30/05/2008 ZERO COUPON EUR IT0004051055 6883 08.04.2008 Redemption at maturity 27.05.200818 B.O.T. 30/11/07 - 30/05/08 ZERO COUPON EUR IT0004290042 6883 08.04.2008 Redemption at maturity 28.05.200819 B.T.P. 05/08 TITOLO CON CEDOLE TF 2.50% EUR IT0003877708 9262 09.05.2008 Redemption at maturity 11.06.200820 B.O.T. 15/06/2007 - 16/06/2008 ZERO COUPON EUR IT0004235799 9262 09.05.2008 Redemption at maturity 12.06.200821 B.O.T. 02/01/08 - 30/06/08 ZERO COUPON EUR IT0004297559 9262 09.05.2008 Redemption at maturity 26.06.200822 B.O.T. 15/02/2008 - 30/06/2008 ZERO COUPON EUR IT0004327950 9262 09.05.2008 Redemption at maturity 26.06.200823 C.C.T. 01/08 RUOLI ERARIALI TITOLO CON CEDOLE TV EUR IT0003222087 11323 11.06.2008 Redemption at maturity 26.06.200824 B.O.T. 16/07/2007 - 15/07/2008 ZERO COUPON EUR IT0004246606 11323 11.06.2008 Redemption at maturity 11.07.200825 B.O.T. 15/04/2008 - 15/07/2008 ZERO COUPON EUR IT0004354764 11323 11.06.2008 Redemption at maturity 11.07.200826 B.O.T. 31/01/2008-31/07/2008 ZERO COUPON EUR IT0004309180 11323 11.06.2008 Redemption at maturity 29.07.200827 B.O.T. 31/03/2008 - 31/07/2008 ZERO COUPON EUR IT0004349384 11323 11.06.2008 Redemption at maturity 29.07.200828 B.O.T. 15/08/2007 - 15/08/2008 ZERO COUPON EUR IT0004254030 12819 07.07.2008 Redemption at maturity 13.08.200829 B.O.T. 15/05/2008 - 15/08/2008 ZERO COUPON EUR IT0004365562 12819 07.07.2008 Redemption at maturity 13.08.200830 B.O.T. 29/02/2008-29/08/2008 ZERO COUPON EUR IT0004324957 12819 07.07.2008 Redemption at maturity 27.08.200831 C.C.T. 01/08 TITOLO CON CEDOLE TV EUR IT0003162168 14366 01.08.2008 Redemption at maturity 27.08.200832 B.T.P.I 03/08 TITOLO CON CEDOLE TV EUR IT0003532915 14366 01.08.2008 Redemption at maturity 10.09.200833 B.T.P. 03/08 TITOLO CON CEDOLE TF 3,5% EUR IT0003532097 14366 01.08.2008 Redemption at maturity 10.09.200834 B.O.T. 14/09/07 - 15/09/08 ZERO COUPON EUR IT0004274038 14366 01.08.2008 Redemption at maturity 11.09.200835 B.O.T. 14/03/2008 - 30/09/2008 ZERO COUPON EUR IT0004345135 14366 01.08.2008 Redemption at maturity 26.09.200836 B.O.T. 31/03/2008 - 30/09/2008 ZERO COUPON EUR IT0004343809 14366 01.08.2008 Redemption at maturity 26.09.200837 B.O.T. 15/10/07 - 15/10/08 ZERO COUPON EUR IT0004282791 15992 10.09.2008 Redemption at maturity 13.10.200838 B.O.T. 15/07/08 - 15/10/08 ZERO COUPON EUR IT0004391030 15992 10.09.2008 Redemption at maturity 13.10.200839 B.O.T. 30/04/08 - 31/10/08 ZERO COUPON EUR IT0004351414 15992 10.09.2008 Redemption at maturity 29.10.200840 B.O.T. 15/08/2008 - 14/11/2008 ZERO COUPON EUR IT0004402001 18108 13.10.2008 Redemption at maturity 12.11.200841 B.O.T. 15/11/2007 - 14/11/2008 ZERO COUPON EUR IT0004290018 18108 13.10.2008 Redemption at maturity 12.11.200842 B.O.T. 16/06/2008 - 28/11/2008 ZERO COUPON EUR IT0004375397 18108 13.10.2008 Redemption at maturity 26.11.200843 B.O.T. 30/05/2008 - 28/11/2008 ZERO COUPON EUR IT0004363187 18108 13.10.2008 Redemption at maturity 26.11.200844 B.O.T. 14/12/07 - 15/12/08 ZERO COUPON EUR IT0004297542 20393 17.11.2008 Redemption at maturity 11.12.200845 B.O.T. 15/09/2008 - 15/12/2008 ZERO COUPON EUR IT0004408859 20393 17.11.2008 Redemption at maturity 11.12.200846 C.T.Z. 2/1/2007 - 31/12/2008 ZERO COUPON EUR IT0004166812 20393 17.11.2008 Redemption at maturity 23.12.200847 B.O.T. 30/06/08 - 31/12/08 ZERO COUPON EUR IT0004381874 20393 17.11.2008 Redemption at maturity 29.12.200848 B.O.T. 30/09/2008 - 31/12/2008 ZERO COUPON EUR IT0004413883 20393 17.11.2008 Redemption at maturity 29.12.2008


Year 2008 • 129

FINAN

CIALIN

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ENT

1 MORGAN STANLEY 2007/2013 FIXED RATE 1Y + 70%*CMS 10Y FLOORED 3,65% 2007-2013 NO FIX-VAR 1 000 160 000 IT0006640491- - 14.01.08

2 MORGAN STANLEY 2007/2013 FIXED RATE 2Y + 55% CMS 30Y FLOORED 3,10% 2007-2013 NO FIX-VAR 1 000 70 000 IT0006632613- - 14.01.08



5 MORGAN STANLEY 2007/2013 FIXED RATE 1Y + 70% CMS 10Y FLOORED 3,15% 2007-2013 NO FIX-VAR 1 000 176 000 IT0006632621- - 14.01.08

6 ABN AMRO BANK N.V. RICIAGER 28/12/2012 2007-20012 NO FIX-VAR 1 000 10 229 NL0006136376- - 16.01.08

7 MEDIOBANCA 2006/2009 SCHERMO TOTALE SMALL BUSINESS 2006 2006/2009 NO VAR 1 000 56 753 IT0004059025 P 5682/08 25/01/2008- - 18.02.08

8 MEDIOBANCA 2006/2011 VALORE AZIONARIO” 2006/2011 NO VAR 1 000 40 666 IT0004057151 P 5682/08 25/01/2008- - 18.02.08

9 MERRILL LYNCH 2006/2012 RELOAD3 BANCOPOSTA III COLLOCAMENTO 2006 2006/2013 NO FIX-VAR 1 000 749 071 IT0006607623 P 5627/07 14/12/2007- - 26.03.08

10 MERRILL LYNCH 2007/2013 RELOAD3 BANCOPOSTA V COLLOCAMENTO 2007 2007/2013 NO FIX-VAR 1 000 1 075 000 IT0006645326 P 5627/07 14/12/2007- - 26.03.08

11 MERRILL LYNCH 07/13 TITOLO CON CEDOLE TV EUR 2007/2013 NO FIX-VAR 1 000 85 000 IT0006627563 P 5628/07 14/12/2007- - 26.03.08

12 MERRILL LYNCH 07/13 TITOLO CON CEDOLE TV EUR 2007/2013 NO FIX-VAR 1 000 497 000 IT0006623620 P 5628/07 14/12/2007- - 26.03.08

13 MORGAN STANLEY 2006/2012 1Y FIXED RATE + 55% * CMS 10Y FLOORED 2.90% 2006/2012 NO FIX-VAR 1 000 36 000 IT0006620220 P 5764/08 13/03/2008- - 27.03.08

14 MORGAN STANLEY 2007/2013 "RELOAD3 bANCOpOSTA IV COLLOCAMENTO 2007" 2007/2012 NO FIX-VAR 1 000 1 229 752 IT0006640236 P 5764/08 13/03/2008- - 27.03.08

15 MORGAN STANLEY 2007/2013 "ENERGIALTERNATIVA BANCOPOSTA" 2007/2013 NO FIX-VAR 1 000 158 366 IT0006636218 P 5764/08 13/03/2008- - 27.03.08

16 MORGAN STANLEY 2007/20013 1Y FIXED RATE + 60% * CMS 10 Y FLOORED AT 3% 2007/2013 NO FIX-VAR 1 000 180 147 IT0006636770 P 5764/08 13/03/2008+ DIGITAL OPTION ON S&P/MIB AT MATURITY - - 27.03.08

17 BANCAPULIA S.P.A. OBBLIGAZIONI A TASSO VARIABILE 2007-2009 2007/2009 NO VAR 1000 175 000 IT0004296486 P5805/08 31/03/2008- - 15.04.08

18 DEXIA CREDIOP 2007-2012 STRUTTURATO SCALA REALE MARZO '07 2007-2012 NO VAR 1000 293 701 IT0004176787 P 5951/08 07/07/2008LEGATO AD INDICI INTERNAZIONALI - - 25.07.08

19 DEXIA CREDIOP 2007-2012 STRUTTURATO SCALA REALE APRILE '07 2007-2012 NO VAR 1000 149 055 IT0004218688 P 5951/08 07/07/2008LEGATO AD INDICI INTERNAZIONALI - - 25.07.08

20 MORGAN STANLEY 2007/2013 FIXED RATE 1Y + 55%*CMS 30Y FLOORED 3,50% 2007/2013 NO FIX-VAR 1000 68 494 IT0006635384 P 5980/08 30/07/2008- - 07.08.08





25 DEXIA CREDIOP OBBLIGAZIONI STEEPENER 08/12 MULTI COUPON EUR 2008/2012 NO FIX-VAR 1000 343 343 IT0004307986 P 4706/06 20/06/2006- - 08.08.08

26 DEXIA CREDIOP OBBLIGAZIONI CMS 10Y 08/12 MULTI COUPON EUR 2008/2012 NO FIX-VAR 1000 150 036 IT0004372162 P 4706/06 20/06/2006- - 08.08.08

27 DEXIA CREDIOP 08/12 LEGATE ALL'INFLAZIONEMULTI COUPON EUR 2008/2012 NO FIX-VAR 1000 217 365 IT0004332240 P 4706/06 20/06/2006- - 08.08.08

28 BARCLAYS BANK PLC EUR/USD AUTOCALLABLE NOTE 2008-2012 SI VAR 1000 25 736 IT0006670761- - 08.09.08

29 MERRILL LYNCH 06/09 TITOLO CON CEDOLE TV EUR 2006/2009 NO FIX-VAR 1000 29 225 IT0006618299- - 09.09.08



32 CREDITO EMILIANO 08/14 TITOLO CON CEDOLE TV SUB EUR 2008/2014 NO VAR 1000 210 000 IT0004365836 P 6012/08 05/09/2008- - 10.09.08

33 BANCA IMI 08/12 TITOLO CON CEDOLE TV EUR 2008/2012 NO VAR 1000 177 683 IT0004357429- - 12.09.08

34 MEDIOBANCA 08/14 MULTI COUPON EUR 2008/2014 NO VAR 1000 1 332 206 IT0004291172 P 6023 / 0812/09/2008- - 24.09.08

35 BARCLAYS BANK 08/13 MULTI COUPON EUR 2008/2013 NO FIX 1000 203 740 IT0006673401- - 23.10.08

BONDS LISTINGS IN 2008BOND PERIOD ANT. RATE NOM NUM. ISIN INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ISSUER REFUND VALUE BONDS CODE NUM. DATE DATE

FIN

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Year 2008 • 130

1 BANCA NAZ LAVORO 03/08 ONE COUPON EUR IT0003386767 21858 10.12.2007 Redemption at maturity 10.01.20082 MEDIOCREDITO LOMBARDO 98/08 REVERSE ITL IT0001194726 21858 10.12.2007 Redemption at maturity 16.01.20083 MEDIOBANCA 98/08 TRASFORMABILE ITL IT0001196853 21858 10.12.2007 Redemption at maturity 23.01.20084 MONTE PASCHI SIENA 98/08 TITOLO CON CEDOLE TF 5.35% ITL IT0001204921 835 15.01.2008 Redemption at maturity 29.01.20085 BANCA COMMERCIALE ITALIANA 98/08 TITOLO CON CEDOLE TV SUB ITL IT0001200382 835 15.01.2008 Redemption at maturity 29.01.20086 BANCA INTESA 05/08 TITOLO CON CEDOLE TV EUR IT0003783385 835 15.01.2008 Redemption at maturity 29.01.20087 MEDIOBANCA 03/08 TITOLO CON CEDOLE TV EUR IT0003417067 835 15.01.2008 Redemption at maturity 25.02.20088 CREDITO EMILIANO 04/08 TITOLO CON CEDOLE TF 1.70% EUR IT0003755177 3167 15.02.2008 Redemption at maturity 27.02.20089 UNICREDIT EX CAPITALIA 96/08 ZERO COUPON ITL IT0000568953 3167 15.02.2008 Redemption at maturity 12.03.2008

10 UNICREDIT EX CAPITALIA 03/08 MULTI COUPON EUR IT0003406284 3167 15.02.2008 Redemption at maturity 13.03.200811 BANCA INTESA 03/08 MULTICOUPON EUR IT0003430102 3167 15.02.2008 Redemption at maturity 18.03.200812 MEDIOBANCA 03/08 TITOLO CON CEDOLE TV EUR IT0003452742 6883 08.04.2008 Redemption at maturity 28.04.200813 MONTE PASCHI SIENA 98/08 TITOLO CON CEDOLE TF 5 % ITL IT0001223202 6883 08.04.2008 Redemption at maturity 28.04.200814 BANCA INTESA 03/08 TITOLO CON CEDOLE TV EUR IT0003455919 6883 08.04.2008 Redemption at maturity 09.05.200815 UNICREDIT EX CAPITALIA 03/08 MULTI COUPON EUR IT0003433973 6883 08.04.2008 Redemption at maturity 15.05.200816 ABN AMRO BANK 05/15 MULTI COUPON EUR IT0006589573 9431 13.05.2008 Redemption at maturity 21.05.200817 MONTE PASCHI SIENA 98/08 TITOLO CON CEDOLE TV ITL IT0001230843 9262 09.05.2008 Redemption at maturity 28.05.200818 BANCA COMMERCIALE ITALIANA 98/08 TITOLO CON CEDOLE TV SUB ITL IT0001230884 9262 09.05.2008 Redemption at maturity 28.05.200819 BANCA INTESA 03/08 ONE COUPON EUR IT0003471676 9262 09.05.2008 Redemption at maturity 02.06.200820 MONTE PASCHI SIENA 98/08 TITOLO CON CEDOLE TV ITL IT0001239042 11323 11.06.2008 Redemption at maturity 26.06.200821 BANCO DI NAPOLI 83/08 TITOLO CON CEDOLE TF 16% ITL IT0000112935 11198 09.06.2008 Redemption at maturity 03.07.200822 BANCA INTESA 03/08 TITOLO CON CEDOLE TV EUR IT0003490528 11323 11.06.2008 Redemption at maturity 10.07.200823 BANCA INTESA 03/08 MULTI COUPON EUR IT0003489140 11323 11.06.2008 Redemption at maturity 10.07.200824 UNICREDIT EX CAPITALIA 03/08 MULTI COUPON EUR IT0003468607 11323 11.06.2008 Redemption at maturity 17.07.200825 SAN PAOLO IMI 01/08 TITOLO CON CEDOLA TF SUB 5,55% EUR IT0003148894 11323 11.06.2008 Redemption at maturity 28.07.200826 CARIPLO 70/08 TITOLO CON CEDOLE TF 6% ITL IT0000022415 13437 17.07.2008 Redemption at maturity 01.08.200827 CARIPLO 69/08 TITOLO CON CEDOLE TF 6% ITL IT0000018363 13437 17.07.2008 Redemption at maturity 01.08.200828 CARIPLO 74/09 TITOLO CON CEDOLE TF 7% ITL IT0000022423 13437 17.07.2008 Redemption at maturity 01.08.200829 MONTE PASCHI SIENA 73/08 TITOLO CON CEDOLE TF 6% ITL IT0000020237 13607 21.07.2008 Redemption at maturity 04.08.200830 CENTROBANCA 98/08 TITOLO CON CEDOLE TV ITL IT0001254330 14366 01.08.2008 Redemption at maturity 27.08.200831 BAYERISCHE HYPO-UND VEREINSBANK 03/08 MULTICOUPON EUR IT0006558503 14366 01.08.2008 Redemption at maturity 08.09.200832 CREDEM 03/08 ONE COUPON EUR IT0003492375 14366 01.08.2008 Redemption at maturity 11.09.200833 BANCA D'INTERMEDIAZIONE MOBILIARE IMI 98/08 MULTI COUPON USD IT0001259800 14366 01.08.2008 Redemption at maturity 22.09.200834 INTERBANCA 98/13 REVERSE ITL IT0001261012 15702 03.09.2008 Redemption at maturity 29.09.200835 SAN PAOLO IMI 01/08 TITOLO CON CEDOLA TF SUB 5,16% EUR IT0003173199 15992 10.09.2008 Redemption at maturity 29.09.200836 BANCA INTESA 03/08 TITOLO CON CEDOLE TV EUR IT0003539985 15992 10.09.2008 Redemption at maturity 28.10.200837 BANCA INTESA 03/08 MULTI COUPON EUR IT0003536825 18108 13.10.2008 Redemption at maturity 06.11.200838 BAYERISCHE HYPO-UND VEREINSBANK 03/08 MULTICOUPON EUR IT0006561879 18108 13.10.2008 Redemption at maturity 10.11.200839 UNICREDITO ITALIANO 04/08 STEP COUPON EUR IT0003747554 18108 13.10.2008 Redemption at maturity 12.11.200840 MEDIOBANCA 98/08 ONE COUPON ITL IT0001276416 18108 13.10.2008 Redemption at maturity 17.11.200841 UBI BANCA 00/08 TITOLO CON CEDOLE TV SUB EUR IT0003033948 18108 13.10.2008 Redemption at maturity 17.11.200842 MEDIOCREDITO CENTRALE 98/08 MULTI COUPON ITL IT0001280137 20393 17.11.2008 Redemption at maturity 26.11.200843 BANCAPULIA 06/08 TITOLO CON CEDOLE TV EUR IT0004152424 20393 17.11.2008 Redemption at maturity 10.12.200844 MEDIOBANCA 98/08 RUSSIA ITL IT0001224101 20393 17.11.2008 Redemption at maturity 15.12.200845 BANCA INTESA 03/08 TITOLO CON CEDOLE TV EUR IT0003550339 20393 17.11.2008 Redemption at maturity 18.12.200846 BAYERISCHE HYPO-UND VEREINSBANK 03/08 MULTICOUPON EUR IT0006563974 20393 17.11.2008 Redemption at maturity 22.12.200847 MONTE PASCHI SIENA 99/09 TITOLO CON CEDOLE TF 4% EUR IT0001296109 21152 02.12.2008 Redemption at maturity 29.12.2008

BONDS DELISTINGS IN 2008BOND ISIN INTERVENTION OBJECT EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _



Year 2008 • 131

FINAN

CIALIN

STRUM

ENT

1 BEI 09 USD 4,5 2006/2009 NO 4.500% 1000 3 000 000 US298785DS22 P 5643/07 20.12.2007- - 09.01.2008

2 BEI 10 USD 5 2007/2010 NO 5.000% 1000 3 000 000 US298785EC60 P 5643/07 20.12.2007- - 09.01.2008

3 BEI 12 USD 4,625 2007/2012 NO 4.625% 1000 3 000 000 US298785EE27 P 5643/07 20.12.2007- - 09.01.2008

4 BEI 13 USD 5,25 2006/2013 NO 5.250% 1000 1 000 000 XS0252479497 P 5643/07 20.12.2007- - 09.01.2008

5 BEI 13 USD 5 2006/2013 NO 5.000% 1000 1 500 000 XS0271449000 P 5643/07 20.12.2007- - 09.01.2008

6 BEI 17 USD 5,125 2007/2017 NO 5.125% 1000 3 000 000 US298785EG74 P 5643/07 20.12.2007- - 09.01.2008

7 OAT OTT17 EUR 4,25 2006/2017 NO 4.250% 1000 12 203 000 000 FR0010517417 P 5670/08 16.01.2008- - 22.01.2008

8 SCHATZ SET09 EUR 4 2007/2009 NO 4.000% 1000 1 300 000 000 000 DE0001137198 P 5670/08 16.01.2008- - 22.01.2008

9 SCHATZ DIC09 EUR 4 2007/2009 NO 4.000% 1000 700 000 000 000 DE0001137206 P 5670/08 16.01.2008- - 22.01.2008

10 BOBL OTT12 EUR 4,25 2007/2012 NO 4.250% 1000 1 600 000 000 000 DE0001141513 P 5670/08 16.01.2008- - 22.01.2008

11 BUND GEN18 EUR 4 2007/2018 NO 4.000% 1000 1 400 000 000 000 DE0001135341 P 5670/08 16.01.2008- - 22.01.2008

12 BEI 09 EUR 4,50 2007/2009 NO 4.500% 1000 2 000 000 XS0309927258 P 5696/08 01.02.2008- - 07.02.2008

13 BEI 13 EUR 4,375 2007/2013 NO 4.375% 1000 5 000 000 XS0327177134 P 5696/08 01.02.2008- - 07.02.2008

14 BEI 14 EUR 4,25 2007/2014 NO 4.250% 1000 5 000 000 XS0330805069 P 5696/08 01.02.2008- - 07.02.2008

15 BEI 24 EUR 4,125 2007/2024 NO 4.125% 1000 3 000 000 XS0290050524 P 5696/08 01.02.2008- - 07.02.2008

16 BEI 39 GBP 5 1999/2039 NO 5.000% 1000 1 600 000 XS0096499057 P 5716/08 13.02.2008- - 19.02.2008

17 BEI 32 GBP 5.625 2000/2032 NO 5.625% 1000 2 275 000 XS0114126294 P 5716/08 13.02.2008- - 19.02.2008

18 BEI 28 GBP 6 1998/2028 NO 6.000% 1000 3 700 000 XS0085727559 P 5716/08 13.02.2008- - 19.02.2008

19 BEI 21 GBP 5,375 1998/2021 NO 5.375% 1000 1 875 000 XS0091457027 P 5716/08 13.02.2008- - 19.02.2008

20 BEI 25 GBP 5,5 2000/2025 NO 5.500% 1000 1 500 000 XS0110373569 P 5716/08 13.02.2008- - 19.02.2008

21 BEI 17 GBP 8,75 1995/2017 NO 8.750% 1000 1 000 000 XS0055498413 P 5716/08 13.02.2008- - 19.02.2008

22 BEI 11 GBP 5,375 2007/2011 NO 5.375% 1000 800 000 XS0293434626 P 5716/08 13.02.2008- - 19.02.2008

23 BEI 15 GBP 4,375 2005/2015 NO 4.375% 1000 1 300 000 XS0223923870 P 5716/08 13.02.2008- - 19.02.2008

24 BEI 16 GBP 4,875 2006/2016 NO 4.875% 1000 1 250 000 XS0274987873 P 5716/08 13.02.2008- - 19.02.2008

25 BEI 10 EUR 3,75 2006/2010 NO 3.750% 1000 2 000 000 XS0276299541 P 5835/08 17.04.2008- - 22.04.2008

26 BEI 17 EUR 4,75 2007/2017 NO 4.750% 1000 5 000 000 XS0308505055 P 5835/08 17.04.2008- - 22.04.2008

27 BTAN GEN13 EUR 3,75 2008/2013 NO 3.750% 1 12 621 000 000 FR0113087466 P 5846/08 23/04/2008- - 05.05.2008

28 OAT APR18 EUR 4 2007/2018 NO 4.000% 1 5 765 000 000 FR0010604983 P 5846/08 23/04/2008- - 05.05.2008

29 SCHATZ MAR10 EUR 3 2008/2010 NO 3.000% 0.01 1 500 000 000 000 DE0001137214 P 5846/08 23/04/2008- - 05.05.2008

30 BOBL APR13 EUR 3,50 2008/2013 NO 3.500% 0.01 700 000 000 000 DE0001141521 P 5846/08 23/04/2008- - 05.05.2008

EUROMOT BONDS LISTINGS IN 2008BOND PERIOD ANT. RATE NOMIN. NUMBER OF ISIN INTERVENTION EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ISSUER REFUND VALUE BONDS. CODE NUM. DATE DATE

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Year 2008 • 132

31 BEI 11 USD 3,25 2008/2011 NO 3.250% 1000 4 000 000 US298785EJ14 P 5866/08 08.05.2008- - 14.05.2008

32 BEI 13 USD 2,875 2008/2013 NO 2.875% 1000 3 000 000 US298785EK86 P 5866/08 08.05.2008- - 14.05.2008

33 BEI 14 USD 5,125 2007/2014 NO 5.125% 10000 125 000 XS0287792914 P 5866/08 08.05.2008- - 14.05.2008

34 KFW 11 USD 4,625 2006/2011 NO 4.625% 1000 3 000 000 US500769BL79 P 5909/08 05.06.2008- - 11.06.2008

35 KFW 11 USD 3,5 2003/2011 NO 3.500% 1000 1 000 000 XS0172289604 P 5909/08 05.06.2008- - 11.06.2008

36 KFW 14 USD 4,125 2004/2014 NO 4.125% 1000 2 000 000 US500769AX27 P 5909/08 05.06.2008- - 11.06.2008

37 KFW 14 USD 5 2006/2014 NO 5.000% 1000 1 250 000 XS0273786847 P 5909/08 05.06.2008- - 11.06.2008

38 KFW 15 USD 4,375 2005/2015 NO 4.375% 1000 1 000 000 US500769BH67 P 5909/08 05.06.2008- - 11.06.2008

39 KFW 16 USD 5,125 2006/2016 NO 5.125% 1000 2 000 000 US500769BP83 P 5909/08 05.06.2008- - 11.06.2008

40 BUND GN10USD 3,875 2005/2010 NO 3.875% 1000 5 000 000 DE0001030104 P 5919/08 13.06.2008- - 19.06.2008

41 AUSTRIA MG11USD3,625 2004/2011 NO 3.625% 1000 1 000 000 XS0186999743 P 5919/08 13.06.2008- - 19.06.2008

42 AUSTRIA GN13USD 3,25 2003/2013 NO 3.250% 1000 2 700 000 XS0170724479 P 5919/08 13.06.2008- - 19.06.2008

43 SVEZIA GN10USD 3,875 2005/2010 NO 3.875% 1000 1 500 000 XS0210292032 P 5919/08 13.06.2008- - 19.06.2008

44 SVEZIA FB11USD 4,5 2006/2011 NO 4.500% 1000 1 700 000 XS0242670320 P 5919/08 13.06.2008- - 19.06.2008

45 ITALY LG11 USD 3,5 2008/2011 NO 3.500% 100 000 2 500 000 000 US465410BT47 P 6024/08 15/09/2008- - 18.09.2008

46 BEI 15 EUR 4,25 2008/2015 NO 4.250% 1 000 3 000 000 XS0361975955 P 6025/08 15/09/2008- - 19.09.2008

47 BEI 11 EUR 4,75 2008/2011 NO 4.750% 1 000 3 000 000 XS0376607015 P 6025/08 15/09/2008- - 19.09.2008

48 BEI 10 USD 4,625 2008/2010 NO 4.625% 1 000 3 000 000 US298785EH57 P 6047/08 07.10.2008- - 13.10.2008

49 BEI 11 USD 2,625 2008/2011 NO 2.625% 1 000 4 000 000 US298785EP73 P 6047/08 07.10.2008- - 13.10.2008

50 BEI 11 USD 3,125 2008/2011 NO 3.125% 1 000 4 000 000 US298785EQ56 P 6047/08 07.10.2008- - 13.10.2008

51 BEI 13 USD 4,25 2008/2013 NO 4.250% 1 000 3 000 000 US298785ER30 P 6047/08 07.10.2008- - 13.10.2008

52 BEI 15 USD 3,75 2008/2015 NO 3.750% 1 000 1 750 000 XS0347750365 P 6047/08 07.10.2008- - 13.10.2008

53 BEI 14 USD 4,75 2008/2014 NO 4.750% 1 000 1 000 000 XS0322956490 P 6047/08 07.10.2008- - 13.10.2008

54 BEI 13 USD 3,25 2008/2013 NO 3.250% 1 000 3 000 000 US298785EN26 P 6047/08 07.10.2008- - 13.10.2008

55 SCHATZ GN10 EUR 4,75 2008/2010 NO 4.750% 1 000 1 500 000 000 000 DE0001137222 P 6079/08 03.11.2008- - 07.11.2008

56 SCHATZ ST10 EUR 4 2008/2010 NO 4.000% 0.01 1 700 000 000 000 DE0001137230 P 6079/08 03.11.2008- - 07.11.2008

57 BUND LG09 EUR 4,5 1999/2009 NO 4.500% 0.01 2 025 000 000 DE0001135127 P 6079/08 03.11.2008- - 07.11.2008

58 BUND GE10 EUR 5,375 1999/2010 NO 5.375% 0.01 2 025 000 000 DE0001135135 P 6079/08 03.11.2008- - 07.11.2008

59 BOBL OT09 EUR 3,5 2004/2009 NO 3.500% 0.01 1 800 000 000 000 DE0001141455 P 6079/08 03.11.2008- - 07.11.2008

60 BUND LG09 EUR 4 1999/2009 NO 4.000% 0.01 1 125 000 000 DE0001135119 P 6079/08 03.11.2008- - 07.11.2008

61 BUND LG10 EUR 5,25 2000/2010 NO 5.250% 0.01 2 025 000 000 000 DE0001135150 P 6079/08 03.11.2008- - 07.11.2008



Year 2008 • 133

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CIALIN

STRUM

ENT

EUROMOT BONDS DELISTINGS IN 2008BONDS ISIN INTERVENTION OBJEC EFFECTIVE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _


1 B.E.I. 98/08 TITOLO CON CEDOLE TF 5,75% USD XS0083538594 21858 10/12/2007 Redemption at maturity 10.01.2008

2 OBL.ES 98/08 TITOLO CON CEDOLE TF 6% EUR ES0000011652 21858 10/12/2007 Redemption at maturity 28.01.2008

3 BOBL 2002/2008 DE0001141414 835 15/01/2008 Redemption at maturity 12.02.2008

4 REPUBBLICA DI FRANCIA 05/08 TITOLO CON CEDOLE TF 2.75% EUR FR0108197569 3167 15/02/2008 Redemption at maturity 07.03.2008

5 B.E.I. 05/08 TITOLO CON CEDOLE TF 3.50% USD US298785DH66 3167 15/02/2008 Redemption at maturity 11.03.2008

6 SCHATZ 06/08 TITOLO CON CEDOLE TF 3.00% EUR DE0001137131 3167 15/02/2008 Redemption at maturity 11.03.2008

7 BOBL 03/08 TITOLO CON CEDOLE TF 3,00% EUR DE0001141422 4436 07/03/2008 Redemption at maturity 08.04.2008

8 B.E.I. 98/08 TITOLO CON CEDOLE TF 5% EUR XS0085317146 4436 07/03/2008 Redemption at maturity 10.04.2008

9 REPUBLIC OF ITALY 03/08 TITOLO CON CEDOLA TF 3,25% USD XS0167720977 6883 08/04/2008 Redemption at maturity 30.04.2008

10 REPUBLIC OF ITALY 98/08 TITOLO CON CEDOLE TF 6% USD XS0087629886 6883 08/04/2008 Redemption at maturity 26.05.2008

11 SCHATZ 06/08 TITOLO CON CEDOLE TF 3,25% EUR DE0001137149 9262 09/05/2008 Redemption at maturity 10.06.2008

12 REPUBLIC OF ITALY 05/08 TITOLO CON CEDOLE TF 4% USD US465410BP25 9262 09/05/2008 Redemption at maturity 11.06.2008

13 B.E.I. 03/08 TITOLO CON CEDOLE TF 3,00% USD US298785CW43 9262 09/05/2008 Redemption at maturity 11.06.2008

14 GGB 05/08 TITOLO CON CEDOLE TF 2.90% EUR GR0110017192 9262 09/05/2008 Redemption at maturity 18.06.2008

15 REPUBLIC OF ITALY 03/08 TITOLO CON CEDOLE TF 2,5% USD US465410BH09 11323 11/06/2008 Redemption at maturity 10.07.2008

16 ABS - S.C.C.I S.P.A. - SERIE 7 - 03/15 TITOLO CON CEDOLE TV EUR IT0003505440 13534 18/07/2008 Redemption at maturity 28.07.2008

17 ABS - S.C.C.I. S.P.A. - SERIE 7A - 05/16 TITOLO CON CEDOLE TV EUR IT0003953350 13534 18/07/2008 Redemption at maturity 28.07.2008

18 BEI 05/08 TITOLO CON CEDOLE TF 3.875% USD US298785DM51 12819 07/07/2008 Redemption at maturity 12.08.2008

18 B.E.I. 05/08 TITOLO CON CEDOLE TF 3.875% USD US298785DM51 12819 07.07.2008 Redemption at maturity 12/08/2008

19 SCHATZ 06/08 TITOLO CON CEDOLE TF 3,50% EUR DE0001137156 14366 01.08.2008 Redemption at maturity 09/09/2008

20 BTAN 05/08 TITOLO CON CEDOLE TF 3,50% EUR FR0109136137 14366 01.08.2008 Redemption at maturity 09/09/2008

21 B.E.I 98/08 TITOLO CON CEDOLE TF 5,375% USD XS0090848275 14366 01.08.2008 Redemption at maturity 11/09/2008

22 BOBL 03/08 TITOLO CON CEDOLE TF 3,50% EUR DE0001141430 15992 10.09.2008 Redemption at maturity 07/10/2008

23 B.E.I. 02/08 TITOLO CON CEDOLE TF 4.50% GBP XS0156020587 15992 10.09.2008 Redemption at maturity 20/10/2008

24 DRESDNER BANK AG 06/13 TITOLO CON CEDOLE TF 4,20% EUR XS0276983102 20602 26.11.2008 Exercise of call option 26/11/2008

25 B.E.I. 98/08 TITOLO CON CEDOLE TF 6,25% GBP XS0083479484 20393 17.11.2008 Redemption at maturity 03/12/2008

26 SCHATZ 06/08 TITOLO CON CEDOLE TF 3.75% EUR DE0001137164 20393 17.11.2008 Redemption at maturity 09/12/2008

27 B.E.I. 02/08 TITOLO CON CEDOLE TF 5,50% USD XS0144934766 20393 17.11.2008 Redemption at maturity 10/12/2008

62 BUND GE11 EUR 5,25 2000/2011 NO 5.250% 0.01 2 325 000 000 000 DE0001135168 P 6091/08 07.11.2008- - 13.11.2008

63 BUND LG18 EUR 4,25 2008/2018 NO 4.250% 0.01 2 100 000 000 000 DE0001135358 P 6091/08 07.11.2008- - 13.11.2008

64 BUND GE15 EUR 3,75 2004/2015 NO 3.750% 0.01 2 300 000 000 000 DE0001135267 P 6091/08 07.11.2008- - 13.11.2008

65 BUND LG11 EUR 5 2001/2011 NO 5.000% 0.01 2 400 000 000 000 DE0001135184 P 6091/08 07.11.2008- - 13.11.2008

66 BEI NV11 USD 2,625 2008/2011 NO 2.625% 1 000 4 000 000 US298785ET95 P 6095/08 17.11.2008- - 21.11.2008

67 BEI OT11 USD 3,25 2008/2011 NO 3.250% 1 000 4 000 000 US298785ES13 P 6095/08 17/11/2008- - 21.11.2008


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Year 2008 • 134

COMPANIES LISTINGS AND DELISTINGSYEAR LISTINGS DELISTINGS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

EQUITY MTA MERCATO MAC TRASF. TOTAL EQUITY MERCATO MAC TRASF. TOTALMARKET INTERN. EXPANDI MARKET(1) EXPANDI

1975 0 2 2 1976 1 1 0 0 1977 0 0 0 0 1978 1 23 0 24 7 7 1979 0 5 0 5 4 4 1980 2 1 0 3 5 1 0 6 1981 4 8 0 12 5 0 0 5 1982 9 4 2 11 2 4 2 4 1983 7 1 1 7 6 2 1 7 1984 11 4 2 13 4 2 2 4 1985 12 0 2 10 3 2 2 3 1986 42 0 3 39 5 3 3 5 1987 23 4 1 26 0 1 1 0 1988 14 1 1 14 11 1 1 11 1989 7 1 0 8 0 1 0 1 1990 4 4 3 5 10 2 3 9 1991 8 6 3 11 6 2 3 5 1992 5 1 0 6 7 5 0 12 1993 4 1 0 5 11 1 0 12 1994 17 9 5 21 16 9 5 20 1995 14 0 2 12 16 4 2 18 1996 14 1 0 15 18 3 0 21 1997 14 0 1 13 18 5 1 22 1998 25 1 4 22 15 7 4 18 1999 37 1 2 36 7 4 2 9 2000 49 - 0 49 20 2 0 22 2001 18 - 0 18 18 3 0 21 2002 12 2 0 14 12 1 0 13 2003 10 1 1 10 24 3 1 26 2004 8 2 0 10 11 0 0 11 2005 13 6 0 19 14 1 0 15 2006 17 21 8 0 46 17 0 0 17 2007 19 16 11 3 0 49 14 2 0 0 16 2008 5 0 4 1 0 10 18 0 0 0 18

Note: Total is calculate by net figures of tranfer between markets (i.e.: from Expandi to Borsa)1994 listing includes 9 companies trasferred from the minor exchanges to the national telematic system of Borsa valori.


Year 2008 • 135

PRIMARY

MARKET

MTAX BC AC TISCALI 14.01 01.02 149.79 - 149.79 149.79 - - - -

MTA STD1 AC EUROFLY 14.01 01.02 14.99 - 14.99 14.99 - - - -

MTA MTF3 PP (IPO) INV. E SVILUPPO MEDITERRANEO ORD 14.01 25.01 49.71 - 49.71 - - - 29.71 20.00

MTA BC AC CARIGE 04.02 22.02 957.24 - 957.24 957.24 - - - -

MTA STD1 AC CREDITO ARTIGIANO 18.02 07.03 299.03 - 299.03 299.03 - - - -

MTA STD1 OP+PP (IPO) MOLMED ORD 18.02 28.02 56.15 - 56.15 - 11.55 - 44.60 -

ME ME1 OP+PP (IPO) ROSSS ORD 26.03 04.04 2.88 1.01 3.89 - 1.21 - 2.68 -

MAC - PP (IPO) SEI 04.04 04.04 11.00 - 11.00 - - - 11.00 -

MTA BC AC BANCA MONTE DEI PASCHI DI SIENA 28.04 19.05 4 110.73 - 4 110.73 4 110.73 - - - -

ME ME1 OP+PP (IPO) BEST UNION COMPANY ORD 06.05 15.05 10.91 1.33 12.23 - 3.09 - 9.15 -

MTA ST AC BANCA POPOLARE DELL'ETRURIA E DEL LAZIO19.05 13.06 159.64 - 159.64 159.64 - - - -

MTA ST AC FIDIA 23.06 11.07 2.22 - 2.22 2.22 - - - -

MTA ST AC PRIMA INDUSTRIE 23.06 11.07 25.65 - 25.65 25.65 - - - -

MTA ST AC STEFANEL 23.06 11.07 39.99 - 39.99 39.99 - - - -

MTA STD1 AC RETELIT 30.06 18.07 31.52 - 31.52 31.52 - - - -

ME ME1 AC PIERREL 07.07 23.07 17.10 - 17.10 17.10 - - - -

ME ME2 PP (IPO) TERNIENERGIA ORD 11.07 22.07 5.59 - 5.59 - - - 5.59 -

MTA ST AC EXPRIVIA 14.07 01.08 10.00 - 10.00 10.00 - - - -

ME ME1 PP (IPO) ENERVIT ORD 14.07 18.07 3.60 0.36 3.96 - - - 3.96 -

MTA BC AC CREDEM 13.10 03.11 249.29 249.29 249.29 - - - -

MTA BC AC FINMECCANICA 20.10 07.11 1 223.37 1 223.37 1 223.37 - - - -

MTA STD1 AC EUROFLY 01.12 19.12 29.97 32.68 32.68 - - - -

INVESTMENT FLOWS CHANNELED THROUGH THE EXCHANGE (eur m)

SECURITIES INVESTORS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _MKT SEGM OPERATION SHARES NUMBER PERIOD CAPITAL SOLD MONEY SHARE PUBLIC EMPLOYEES INSTIT. OTHER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

FROM TO INCREASE RAISED HOLDERS INVESTORS

YEAR 2008 - TOTAL FROM CAPITAL INCREASE 15 7 323.24 - 7 323.24 7 323.24 - - - -

Blue Chips 5 6 690.42 - 6 690.42 6 690.42 - - - - Star 5 237.49 - 237.49 237.49 - - - - Standard 4 378.22 - 378.22 378.22 - - - - Investment Companies - - - - - - - - - Mercato Expandi 1 17.10 - 17.10 17.10 - - - - MAC - - - - - - - - -

YEAR 2008 - TOTAL FROM OPVS (excluding closed-end funds) 7 139.84 2.69 142.53 - 15.85 - 106.68 20.00

Blue Chips - - - - - - - - - Star - - - - - - - - - Standard 1 56.15 - 56.15 - 11.55 - 44.60 - Investment Companies 1 49.71 - 49.71 - - - 29.71 20.00 Mercato Expandi 4 22.97 2.69 25.67 - 4.29 - 21.37 - MAC 1 11.00 - 11.00 - - - 11.00 -

TOTAL IPO AND SPO 7 139.84 2.69 142.53 - 15.85 - 106.68 20.00

Blue Chips - - - - - - - - - Star - - - - - - - - - Standard 1 56.15 - 56.15 - 11.55 - 44.60 - Investment Companies 1 49.71 - 49.71 - - - 29.71 20.00 Mercato Expandi 4 22.97 2.69 25.67 - 4.29 - 21.37 - MAC 1 11.00 - 11.00 - - - 11.00 -

TOTAL YEAR 2008 (excluding closed-end funds) 22 7 463.07 2.69 7 465.77 7 323.24 15.85 - 106.68 20.00

PRIM

ARY

MAR

KET


Year 2008 • 136

OVERSUBSCRIPTION FOR IPOs IN 2008MARK/ SHARE OFFER NUMBER OF REQUESTS ASSIGNMENTS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _SEGM PERIOD RETAIL INSTITUTIONAL INVEST. RETAIL INSTITUTIONAL INVEST. RETAIL INST. TOT. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

FROM TO PUBLIC EMPLOYEES DOMESTIC FOREIGN PUBLIC EMPLOYEES DOMESTIC FOREIGN INV.

INVESTORS

1 MTA MTF3 INV. E SVILUPPO MEDITERRANEO ORD 14.01 25.01 4 - 27 4 - 27 1.00 1.00 1.002 MTA STD1 MOLMED ORD 18.02 28.02 1 218 - 15 17 1 218 - 15 17 1.00 1.00 1.003 ME ME1 ROSSS ORD 26.03 04.04 278 - 15 1 278 - 15 1 1.00 1.00 1.004 ME ME1 BEST UNION COMPANY ORD 06.05 15.05 545 - 23 10 545 - 23 10 1.00 1.00 1.005 ME ME1 ENERVIT ORD 14.07 18.07 0 - - - 0 - 11 15 - 1.00 1.006 ME ME2 TERNIENERGIA ORD 11.07 22.07 0 - 18 - 0 - 17 - - 1.06 1.06

TOTAL 2 045 0 98 28 2 045 0 108 43AVERAGE 1.00 1.01 1.01MEDIAN 1.00 1.00 1.00

NUMBER OF SHARES

1 MTA MTF3 INV. E SVILUPPO MEDITERRANEO ORD 14.01 25.01 20 000 000 - 49 713 000 20 000 000 - 49 713 000 1.00 0.37 0.502 MTA STD1 MOLMED ORD 18.02 28.02 5 374 000 - 10 002 052 13 951 410 5 374 000 - 9 702 971 11 039 981 1.00 1.15 1.123 ME ME1 ROSSS ORD 26.03 04.04 575 000 - 1 075 000 200 000 575 000 - 1 075 000 200 000 0.70 0.52 0.564 ME ME1 BEST UNION COMPANY ORD 06.05 15.05 907 500 - 2 607 323 790 000 907 500 - 2 011 136 591 364 0.93 1.16 1.105 ME ME1 ENERVIT ORD 14.07 18.07 0 - - - 0 - 631 800 1 168 200 - 1.92 1.926 ME ME2 TERNIENERGIA ORD 11.07 22.07 0 - 6 207 749 - 0 - 4 000 000 - - 1.03 1.03

TOTAL 26 856 500 0 69 605 124 14 941 410 26 856 500 0 67 133 907 12 999 545AVERAGE 0.91 1.03 1.04MEDIAN 0.97 1.09 1.07

METHODOLOGICAL NONES

- Indicated data with ‘….’ are not available. Indicated data with (*) are included in the ones in relation to the Italian Istitutional Investors- IPOs include offers targeted to the admission to listing on Borsa Italiana markets by newly-listed companies.

SPOs include offers targeted to listing on Borsa Italiana markets by companies already listed in other regulated markets.- Data (referred to the allotment) are ante greenshoe exercise.Oversubscription’s data for the Istitutional Investrors are calculated excluding the shares object

of the overallotment.


Year 2008 • 137

PRIMARY

MARKET

TOTAL 1992 6 OPERATIONS 593.45TOTAL 1993 13 OPERATIONS 1 441.09TOTAL 1994 19 OPERATIONS 926.67TOTAL 1995 20 OPERATIONS 2 988.59TOTAL 1996 32 OPERATIONS 738.13TOTAL 1997 21 OPERATIONS 1 014.23TOTAL 1998 15 OPERATIONS 362.65TOTAL 1999 24 OPERATIONS 55 484.78TOTAL 2000 30 OPERATIONS 12 217.58TOTAL 2001 20 OPERATIONS 5 921.91TOTAL 2002 22 OPERATIONS 2 803.80TOTAL 2003 32 OPERATIONS 16 919.68 TOTAL 2004 19 OPERATIONS 529.68 TOTAL 2005 23 OPERATIONS 19 840.34 TOTAL 2006 15 OPERATIONS 7 074.15 TOTAL 2007 22 OPERATIONS 5 625.59

OPERATIONS IN 2008

1 VIIT MANDATORY SIRTI ORD 2.650 67 109 018 30.23% 07.01 08.02 69.77% 93.93% 53 640 855 53 640 855 79.93% 142.15 2 TASNCH HOLDING MANDATORY TAS ORD 21.164 579 922 32.72% 21.01 08.02 67.28% 88.49% 376 011 376 011 64.84% 7.96 3 GRANDE JOLLY RESIDUAL JOLLY HOTELS ORD 25.760 458 625 2.29% 21.01 08.02 96.86% 99.03% 433 255 433 255 94.47% 11.16 4 MARZOTTO RESIDUAL LINIFICIO ORD 2.933 2 336 373 8.45% 04.02 22.02 91.55% 97.16% 1 552 029 1 552 029 66.43% 4.55 5 INTESA SAN PAOLO MANDATORY BANCA CR FIRENZE ORD 6.735 255 569 436 30.83% 10.03 01.04 69.17% 99.09% 248 052 114 248 052 114 97.06% 1 670.63 6 POLIMERI SPECIALI VOLUNTARY POLYNT ORD 3.670 74 303 953 72.00% 17.03 22.04 28.00% 98.17% 70 418 240 70 418 240 94.77% 258.43 7 VIIT VOLUNTARY SIRTI ORD 2.650 13 468 163 6.07% 17.03 18.04 93.93% 96.99% 5 954 979 5 954 979 44.22% 15.78 8 FONDIARIA - SAI VOLUNTARY IMMOBILIARE LOMBARDA ORD 0.145 1 590 126 792 38.73% 18.03 17.04 61.27% 90.02% 1 180 617 748 1 180 617 748 74.25% 171.19 9 PERFORMANCE MOTORCYCLES VOLUNTARY DUCATI MOTOR HOLDING ORD 1.700 235 420 341 70.50% 05.05 06.06 29.50% 84.70% 184 329 603 184 329 603 78.30% 313.36

10 CREMONINI INVESTIMENTI VOLUNTARY CREMONINI ORD 3.000 42 954 114 30.29% 12.05 13.06 65.36% 95.63% 31 923 733 31 923 733 74.32% 95.77 11 APRILE 2008 VOLUNTARY LAVORWASH ORD 1.830 3 308 122 24.81% 26.05.2008 27.06.2008 75.19% 87.59% 1 653 231 1 653 231 49.97% 3.03 12 FINTILES VOLUNTARY MARAZZI ORD 7.150 49 928 242 48.84% 26.06.2008 18.07.2008 51.16% 97.71% 47 590 145 47 590 145 95.32% 340.27 13 AEDES MANDATORY NOVA RE ORD 1.778 1 365 039 10.11% 14.07.2008 01.08.2008 78.00% 87.09% 1 226 714 1 226 714 89.87% 2.18 14 INVESTIMENTI MARITTIMI MANDATORY PREMUDA ORD 1.433 70 132 419 49.82% 14.07.2008 01.08.2008 50.18% 75.47% 35 609 607 35 609 607 50.77% 51.03 15 VENETO BANCA HOLDING VOLUNTARY BCA POP DI INTRA ORD 15.000 13 319 246 23.66% 11.08.2008 12.09.2008 76.34% 97.28% 11 786 471 11 786 471 88.49% 176.80 16 GCL HOLDINGS VOLUNTARY GUALA CLOSURES ORD 4.300 67 624 491 100.00% 06.08.2008 19.09.2008 0.00% 97.28% 65 788 285 65 788 285 97.28% 282.89 17 SMURFIT KAPPA HOLDINGS ITALIA VOLUNTARY SMURFIT SISA ORD 2.200 6 467 000 10.50% 18.08.2008 05.09.2008 89.50% 99.54% 6 180 956 6 180 956 95.58% 13.60 18 FINAMAR ITALIA VOLUNTARY NAVIGAZIONE MONTANARI ORD 3.100 41 206 206 33.54% 28.08.2008 23.09.2008 66.46% 97.19% 34 711 534 34 711 534 84.24% 107.61 19 MARIELLA BURANI FAMILY HOLDING VOLUNTARY MARIELLA BURANI FASHION GROUP ORD 17.500 4 486 154 15.00% 18.09.2008 22.10.2008 60.88% 75.88% 10 244 893 4 486 154 100.00% 78.51 20 HPS VOLUNTARY NEGRI BOSSI ORD 0.600 13 300 604 30.18% 27.10.2008 19.11.2008 69.82% 89.08% 6 978 870 6 978 870 52.47% 4.19

VOLUNTARY NEGRI BOSSI WAR 0.020 8 459 950 38.57% 27.10.2008 19.11.2008 61.43% 67.75% 1 386 813 1 386 813 16.39% 0.03 21 ERGO ITALIA VOLUNTARY ERGO PREVIDENZA ORD 4.400 18 368 169 20.41% 04.11.2008 05.12.2008 79.59% 92.94% 7 701 514 7 701 514 41.93% 33.89

TOTAL 3 784.99

TAKEOVER BIDS ON LISTED COMPANIESOFFER % OWNED OFFER RESULT

BIDDER OFFER TARGET REQUESTED SHARES PERIOD BY THE BIDDER SHARES ACQUIRED SHARESTYPE SHARES PRICE SHARES % CO. START END BEFORE AFTER NUMBER NUMBER % REQUEST VALUE

(euro) NUMBER CAPITAL OPA OPA (eur m)


Year 2008 • 138

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