“Trading”

Trading

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-                      energia

-                      power supply

-                      costruzioni

-                      construction activities

-                      emolumenti agli Amministratori

-                      compensation for directors

-                      prestazioni professionali

-                      professional services

-                      commissioni e spese bancarie

-                      bank fees and commissions

sottoponiamo al Vostro esame ed alla Vostra approvazione il bilancio che si è chiuso al 31 dicembre 2005 con l’utile netto di €……………. dopo l’accantonamento di irap ed ires per € ……………………..

We hereby submit for your analysis and approval the financial statements for the year ended 31 December 2005, which show net income of €……………. after provisions for IRAP (the Italian regional business tax) and corporate income tax (IRES) in the amount of €…………….

La voce ha subito un incremento di ………………. migliaia di euro rispetto al precedente esercizio.

The item increased by €…………….. thousand from the previous year.

Portafoglio “Mozart”

Mozart portfolio

-                      emolumenti Collegio Sindacale

-                      compensation for Board of Statutory Auditors

Milano, …………

Milan, …………

ALLEGATO â€<PROTECTED>—â€

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i cosiddetti â€<PROTECTED> big box”.

the so-called â€<PROTECTED> big boxes”.

In data …… si è riunito il Consiglio d’Amministrazione di <PROTECTED> <PROTECTED>©veloppement SA; sono presenti…………….. per deliberare sul seguente Ordine del Giorno:

On ……, the meeting of the board of directors of <PROTECTED> <PROTECTED>©veloppement SA, attended by …………….., was convened in order to discuss the following agenda: