Changes since the end of the year

The Report takes into account changes that have occurred from the end of the year up to the Report Date.

TABLES

The exact share capital breakdown is shown below.

Table no. 1: Share capital structure
  No. shares % of share capital Listed
Ordinary shares* 475,740,182 97.49% Listed on the Mercato Telematico Azionario (screen-based stock exchange) organised and managed by Borsa Italiana S.p.A. – Blue Chip Segment
Savings Shares** 12,251,311 2.51% Listed on the Mercato Telematico Azionario (screen-based stock exchange) organised and managed by Borsa Italiana S.p.A. – Blue Chip Segment

*Code ISIN IT0000072725
** Code ISIN IT0000072733

The subjects that according to what was published by Consob at the Report Date hold shares with voting rights at the Ordinary Shareholders’ Meeting to an extent greater than 2% of the ordinary capital are listed below.

Table no. 2: Significant shareholdings in the capital
Declarant Direct Shareholder %Share on Voting Capital %Share on Ordinary Capital
Name Title % Share of which Without Vote % Share of which Without Vote
Quota
%
the Vote lies with % Share of which Without Vote
Party % Share Party % Share
EDIZIONE SRL EDIZIONE SRL Ownership 4.773 0.000     4.773 0.000    
Total 4.773 0.000     4.773 0.000    
Total 4.773 0.000     4.773 0.000    
   
                     
PREMAFIN FINANZIARIA SPA HOLDING DI PARTECIPAZIONI MILANO ASSICURAZIONI
SPA
Ownership 0.025 0.000     0.025 0.000    
Total 0.025 0.000     0.025 0.000    
POPOLARE VITA
SPA
Ownership 0.003 0.000     0.003 0.000    
Total 0.003 0.000     0.003 0.000    
FONDIARIA - SAI
SPA
Ownership 4.454 0.000     4.454 0.000    
Total 4.454 0.000     4.454 0.000    
Total 4.482 0.000     4.482 0.000    
                     
ASSICURAZIONI GENERALI SPA GENERALI VIE SA Ownership 1.097 0.000     1.097 0.000    
Total 1.097 0.000     1.097 0.000    
INTESA VITA SPA Ownership 0.016 0.000     0.016 0.000    
Total 0.016 0.000     0.016 0.000    
ALLEANZA TORO SPA Ownership 0.189 0.000     0.189 0.000    
Total 0.189 0.000     0.189 0.000    
GENERTELLIFE
S.P.A.
Ownership 0.001 0.000     0.001 0.000    
Total 0.001 0.000     0.001 0.000    
INA ASSITALIA
SPA
Ownership 2.005 0.000     2.005 0.000    
Total 2.005 0.000     2.005 0.000    
ASSICURAZIONI
GENERALI SPA
Ownership 2.177 0.000     2.177 0.000    
Total 2.177 0.000     2.177 0.000    
Total 5.485 0.000     5.485 0.000    
                     
ALLIANZ SE ANTONIANA VENETA Ownership 0.001 0.000     0.001 0.000    
Total 0.001 0.000     0.001 0.000    
CREDITRAS VITA
SPA
Ownership 0.001 0.000     0.001 0.000    
Total 0.001 0.000     0.001 0.000    
ALLIANZ SPA Ownership 4.518 0.000     4.518 0.000    
Total 4.518 0.000     4.518 0.000    
Total 4.520 0.000     4.520 0.000    
                     
TRONCHETTI
PROVERA
MARCO
CAM PARTECIPAZIONI
SPA
Ownership 0.023 0.000     0.023 0.000    
Total 0.023 0.000     0.023 0.000    
CAMFIN CAM
FINANZIARIA SPA
Ownership 25.542 0.000     25.542 0.000    
Total 25.542 0.000     25.542 0.000    
Total 25.565 0.000     25.565 0.000    
                     
MEDIOBANCA
SPA
MEDIOBANCA
SPA
Ownership 3.954 0.000     3.954 0.000    
Total 3.954 0.000     3.954 0.000    
Total 3.954 0.000     3.954 0.000    

Note:
The information regarding the shareholders that directly or indirectly hold ordinary shares totalling more than 2% of the capital with voting rights at the Ordinary Shareholders' Meeting of the Companies taken from the Consob website.
To this regard, it is deemed helpful to point out that the information published by Consob on its website, as provided by the notifications made by the parties bound to the obligations set forth under article 120 Finance Consolidated Act and in the Issuers’ Regulation, could considerably stray from the real situation as the obligations to report changes in the percentage of shareholding held arise not with the simple variation of this percentage, but only with the "going over" or "falling below" predetermined thresholds (2%, 5%, and subsequent multiples of 5% up to the threshold of 50% and, beyond this threshold, 66.6%, 75%, 90% and 95%).
It ensues, for example, that a shareholder (i.e. declarant party) that has declared it owns 2.6% of the capital with voting rights may increase its investment up to 4.9% without being required to report to Consob pursuant to 120 Finance Consolidated Act.

The composition of the Board of Directors as at the Report Date is given below.

Table no. 3: Composition of the Board of Directors
Name Office In office since List Exec. Non-exec. Ind. Ind. CFL %BoD
Marco Tronchetti Provera Chairman 29/04/2008 Maj. X       100
Alberto Pirelli Deputy Chairman 29/04/2008 Maj. X       100
Vittorio Malacalza* Deputy Chairman Since 29 July 2010 -   X     100
Carlo Acutis Director 29/04/2008 Maj.   X X X 100
Carlo Angelici Director 29/04/2008 Min.   X X X 100
Cristiano Antonelli Director 29/04/2008 Min.   X X X 100
Gilberto Benetton Director 29/04/2008 Maj.   X     80
Alberto Bombassei Director 29/04/2008 Maj.   X X X 100
Franco Bruni Director 29/04/2008 Min.   X X X 100
Luigi Campiglio Director 29/04/2008 Maj.   X X X 100
Enrico Tommaso Cucchiani Director 29/04/2008 Maj.   X     20
Giulia Maria Ligresti Director 29/04/2008 Maj.   X     100
Massimo Moratti Director 29/04/2008 Maj.   X     20
Renato Pagliaro Director 29/04/2008 Maj.   X     100
Umberto Paolucci Director 29/04/2008 Min.   X X X 100
Giovanni Perissinotto Director 29/04/2008 Maj.   X     40
Giampiero Pesenti Director 29/04/2008 Maj.   X X X 40
Luigi Roth Director 29/04/2008 Maj.   X X X 100
Carlo Secchi Director 29/04/2008 Maj.   X X X 100

KEY
List: Maj/Min depending on whether the director was elected from the list voted by the majority or by a
minority
Exec.: if crossed, this indicates that the director can be qualified as executive
Non-exec.: if crossed, this indicates that the director can be qualified as non-executive
Ind.: if crossed, this indicates that the director can be qualified as independent according to the criteria
established by the Corporate Governance Code.
Ind. Finance Consolidated Act: if crossed, this indicates that the director has requisites of independence
established by Art.148, paragraph 3, of the Finance Consolidated Act 63
%BoD: this indicates the presence, in terms of percentage, of the director at the Boardmeetings
* The Director was appointed according to Art. 2386 of the Italian Civil Code. Director of the Company on
29 July 2010. The percentage therefore takes into account only meetings held after that date.

Table no. 3B: the Directors that discontinued holding office during the year
Name Office In office since List Exec. Non-exec. Ind. Ind. CFL %BoD
Carlo Alessandro Puri Negri Deputy Chairman 29/04/2008
until 29 July 2010
Maj. X       100*
Berardino Libonati Director 29/04/2008
until 30 November 2010
Maj.   X X X 80*

KEY
Please refer to the key of the two previous tables.
* In calculating the percentage of attendance at the meetings of the Board of Directors, the meetings that the Director attended before termination of office as to the number of meetings held during the year until termination of office were considered.

The composition of the Committees established within the Board of Directors as at the Report Date is provided below.

Table no. 4: Composition of the Advisory Committees
Name Office R.C. ICRCGC % Committee
Carlo Angelici Member   X 100
Cristiano Antonelli Member   X 100
Alberto Bombassei Member X   50
Franco Bruni Member   X 100
Umberto Paolucci Member X   100
Giampiero Pesenti Member X   50
Luigi Roth Member   X 88
Carlo Secchi Chairman   X 100

KEY
R.C.: indicates the Remuneration Committee
I.C.R.C.G.C.: indicates the Internal Control, Risks and Corporate Governance Committee
% Committee: indicates the presence, in terms of percentage, of the director at the meetings of the committee of which he is a member.

The Committees’ members that discontinued holding office during the year are stated below:

Table no. 4B: the Committees’ members that discontinued holding office during the year
Name Office R.C. ICRCGC %Committee
Berardino Libonati Chairman until 30 November 2010 X   100

KEY
Please refer to the key of the two previous tables.
* In calculating the percentage of attendance at the meetings, the meetings that the Director attended before termination of office as to the number of meetings held during the year until termination of office were considered.

The composition of the Board of Statutory Auditors as at the Report Date is given below:

Table no. 5: Composition of the Board of Statutory Auditors
Name Office In office since List Ind. Voluntary
Self-Regulatory
Code
%
attend. BoD
% attend.
BoSA
% attend.
ICRCGC
% attend.
R.C.
Enrico Laghi Chairman 21/04/2009 Maj. X 100 100 100 100
Paolo Gualtieri Statutory
auditor
21/04/2009 Maj.
X 60 71 75 100
Paolo Domenico Sfameni Statutory
auditor
21/04/2009 Maj. X 100 100 88 100
Luigi Guerra Alternate
Auditor
  Maj. - - - - -
Franco Ghiringhelli Alternate
Auditor
  Maj. - - - - -

KEY
Office: indicates whether chairman, statutory auditor or alternate auditor.
BoD: indicates the Board of Directors
R.C.: indicates the Remuneration Committee
I.C.R.C.G.C.: indicates the Internal Control, Risks and Corporate Governance Committee
List: Maj/min depending on whether the auditor was elected by the list voted by the majority or by a minority (art. 144-decies, of the Issuers' Regulation)
Ind.: if crossed it indicates that the auditor can be qualified as independent according to the criteria established by the Code, specifying at the bottom of the table whether said criteria have been supplemented or amended
%attend. BoSA.: this indicates the presence of the auditor at the board of statutory auditors meetings in terms of percentage.