Listed companies - Major shareholdings

DECLARATIONS OF MAJOR SHAREHOLDINGS
PURSUANT TO ARTICLE 120 OF LEGISLATIVE DECREE NO.58/98
PUBLISHED ON17/08/2004



HOLDINGS IN SHARES
DATE OF TRANSACTIONDECLARANT OR SUBJECT AT THE TOP OF INVESTMENT CHAININVESTEE COMPANYPERCENTAGE AND DEED OF POSSESSIONDIRECT SHAREHOLDERPREVIOUS SITUATION
09/08/2004BANCA PROFILO SPABASTOGI SPA2.110% -DIRETTA PROPRIETA'
10/08/2004BANCA PROFILO SPABRIOSCHI FINANZIARIA SPA3.518% -DIRETTA PROPRIETA'
11/08/2004SCHRODER INVESTMENT MANAGEMENT LTDITALJOLLY SPA - COMPAGNIA ITALIANA DEI JOLLY HOTELS10.142% GESTIONE FONDI COMUNI10/11/2003 8.150%