ALLOCATION OF FUNDS TO SUPPORT SOCIAL DEVELOPMENT PROJECTS

A set forth under art. 19 of the Bylaws, the company allocates a portion of its net profits, defined by the Meeting and in any case not less than ten per cent, to support social development projects, in accordance with the provisions of art. 3 of the Bylaws, to non-profit-making organisations engaged in socially useful work and the other entities listed under art. 65, para. 2 of Presidential Decree 917/86 and subsequent amendments.