Renews board authorization to perform operations on capital
Milan, June 18, 2007 – At an extraordinary shareholders' meeting held today on second call, the shareholders of Italmobiliare S.p.A. voted to approve the amendment to the company by-laws for compliance with Italy’s “Savings Protection Act”. The shareholders also renewed for a period of 5 years the authorization allowing the Board of Directors to raise the share capital by a maximum nominal amount of 910,000 euro to service the stock option plan for directors, and approved a 5-year extension to the authorization to raise the share capital and issue convertible debentures for a maximum aggregate nominal value of 260 million euro.