Fruttifero

September

FINANZIAMENTO INFRUTTIFERO SOCI

MEMBERS’ NTEREST FREE FINANCING

Corpo fruttifero

Sporocarp

Soci

Peers

SOCI:

SHAREHOLDERS:

quanto a 342 migliaia di euro a interessi maturati sul finanziamento soci;

€342 thousand for interest accrued on shareholder financing;

Versamenti soci

Shareholder contributions

Versamento soci

Shareholder contributions

conversione del residuo credito vantato da <PROTECTED> in finanziamento soci verso <PROTECTED>.

conversion of the remaining receivable to <PROTECTED> in shareholder financing to <PROTECTED>.

DECISIONI DEI SOCI

SHAREHOLDERS’ RESOLUTIONS

67% Soci fondatori

67% Founding partners

Finanziamenti dei soci alla Società

Loans by shareholders to the Company

I debiti verso <PROTECTED> e <PROTECTED> <PROTECTED> si riferiscono al finanziamento soci che ha generato interessi passivi.

The payables to <PROTECTED> and <PROTECTED> <PROTECTED> are related to shareholder financing that generated the interest expense.

Si tratta di un finanziamento di 15.520 mila euro fruttifero al tasso euribor più 1,5% con scadenza il 31.12.2003 rinnovabile.

This account concerns financing in the amount of €15,520 thousand which accrues interest at a rate of Euribor plus 1.5% payable by 31/12/2003 and is renewable.

Si riferiscono al finanziamento fruttifero concesso dalla Capogruppo alla <PROTECTED> <PROTECTED> S.r.l., regolato al tasso del 5,125%.

Receivables from <PROTECTED> <PROTECTED> refer to financing granted to it by Aedes S.p.A, which bears interest at the annual rate of 5.125 per cent.

Riserva versam. soci

Shareholder contribution reserve

La voce include inoltre un finanziamento fruttifero concesso dalla <PROTECTED> S.A. alla società <PROTECTED> II, pari a 2.972 migliaia di Euro.

The item also includes an interest-bearing loan granted by <PROTECTED> S.A. to <PROTECTED> II in the amount of € 2,972 thousand.

Richiesta al socio unico della Società di concessione di un finanziamento

Requesting financing from the sole member of company

I debiti verso <PROTECTED> e <PROTECTED> <PROTECTED> si riferiscono al finanziamento soci che generato interessi passivi come da prospetto.

The payables to <PROTECTED> and <PROTECTED> <PROTECTED> are related to shareholder financing that generated the interest expense shown above.

Debiti verso soci per finanziamenti

Payable to shareholders for financing