+39.02.93269.1 7 +39.02.9302569 * [email protected] þ neophane.it

also available on our internet site www.neophane.it

+39.02.93269.1 +39.02.9302569 [email protected] http://www.neophane.it

OverviewOverview

2. COMMERCIAL ACTIVITIES & MARKETING (July 20th, 2007)

next stage:

3. In depth discussion: wet wipes and cosmetic packaging products (September 21st, 2007)

4. In depth discussion: vacuum packing and MAP (modified atmosphere packaging) (October 22nd, 2007)

Informative n°2, 07/20/07 - page 2/12


Overview N° 2 20/7/2007Overview N° 2 20/7/2007

22Introduction, Commercial

activities& Marketing



SIPA HOLDING GROUP owns 100% of Neophane’s shares.

The group includes:

- SIPA Industriale S.r.l., Pregnana Milanese (Italy), production of co-extruded low and high density polyethylene up to 5 layer. Flexo print, up to 8/10 colours, of polyethylene (other films available);

- KENMARE H.K., Mendrisio (Switzerland), import and distribution of bags and shoppers for the large-scale retail trade, from third party suppliers.



NEOPHANE S.p.A.NEOPHANE S.p.A.

PRODUCTION CAPACITY:Print and lamination, on 3 shifts, of 2 million

linear meters, per week

ANNUAL SALES 2006: € 28,700,000

PROJECTED SALES 2007: € 31,000,000

WORKFORCE: 103, of which:

80 in the production departments,13 in the commercial, administration and

other service offices,10 in the technical service.



NEOPHANE’s activitiesNEOPHANE’s activitiesNeophane’s activity is based on the converting of

plastic films, aluminium and paper, printing gravure up to 9 colours, and lamination in line as well as out of line, using either solvent or solventless adhesives .

Common films processed:- Bi-oriented and cast Polypropylene - Polythene- Polyester -

Polystyrene- Bi-oriented and cast Polyamide -

Aluminium- Cellophane and PVC - Paper

The above mentioned materials are supplied either unprinted or printed, metallised or transparent, as single web or laminated with 3 or more layers.

The final product can be supplied in reels, sheets, bags or sleeves.



Commercial activityCommercial activity

Neophane has been working In flexible packaging, either with printed or clear film, for more than 40 years.The recent history has been characterised by constant effort to develop highly innovative products and highly valued services in order to cope with a varied and highly demanding market.

Thanks to this, Neophane has gained a leading role in domestic and worldwide market, as testified by our varied and numerous customer base.



MARKETSMARKETS

EUROPE50%

AFRICA8%

OTHERS2%

ITALY40%

ITALY EUROPE

AFRICA OTHERS



Neophane’s commercial structure is composed of both direct and indirectly employed sales people, working in Italy, Europe, Africa and North America.

The Customer Service is staffed by experienced multi-lingual employees working at our office in Rho (MI).

In order to perform in the best possible way, Neophane’s Commercial management collaborates closely with the Technical and Quality Assurance teams pre- and post-selling. In addition we have two Laboratories for the quality control of raw materials, work in progress and finished goods.

The graphic department ensures a total match of our printing to customer’s demands and requirements.

COMMERCIAL STRUCTURECOMMERCIAL STRUCTURE



High quality of base webs to guarantee high quality

productsThis is one of the most important principles of Neophane’s business policy.

The constant research into technological development of base materials is extremely important to choose the most suitable base film for manufacturing products which can provide optimum results on the final finished products.

Quality, also, means respect of the environment and health of the consumers. In Europe, Neophane was one of the first company to use mainly solvent less adhesives for laminating in line and to install a solvent recycling plant to avoid air pollution.

During each process in manufacturing, every single material is checked to avoid contamination of any kind.

Informative n°2, 07/20/07 - page10/12


To adopt, to adapt, to To adopt, to adapt, to improveimprove

Through close and constant dialogue with it’s customers, Neophane uses it’s know how and experience to get the best fit of raw materials to the customer’s processing conditions

Good management of Human Resources is a high priority at Neophane to ensure consistency and reliability

Big technological investments allow the manufacturing of different types of films and structures either for food and non food sectors.

Neophane is a modern Company in the vanguard of the industry and has obtained all the necessary certifications to operate in the international market:- UNI EN ISO 9001:2000- BRC-IoP

Modernisation and research are continuous investments to reach new targets and to win more and more important and prestigious sectors of the market.

Informative n°2, 07/20/07 - page11/12


Versatility in productionVersatility in productionfor every type of productfor every type of product

Experience, know-how, range of materials,

a highly skilled workforce & technical staff, give Neophane great versatility in production and ability to satisfy all kinds of needs

• wet wipes, refresher towels and cosmetics

• vacuum and modified atmosphere packaging

• cold-seal and countline flow-pack

• high barrier

• powders, liquid and coffee

• sleeves

• backed products

• cold line products

• crisps and snacks,

• candies – transwrap

• pet-food

also available on our Internet site www.neophane.it since Sept.21th


OverviewOverview

Next step on September 21st, 2007

33Wet wipes and cosmetic

line

Documents

+39.02.93269.1 7 +39.02.9302569 * [email protected] þ neophane.it