Vittoria De FrancoIstanbul, 25 November 2011 1

Vittoria De FrancoIstanbul, 25 November 2011 2

Futurimpresa SGRShareholders structure

Futurimpresa SGR is a General Partner (“Società di Gestione del Risparmio”) authorised by Bank of Italy on September 18th , 2009

Futurimpresa manages the 10-year private equity fund “Finanza e Sviluppo Impresa” reserved to qualified Investors

55%18%

18% 9%

[Through Parcam S.r.l. Holding ]

Futurimpresa shareholders

Vittoria De FrancoIstanbul, 25 November 2011 3

Futurimpresa SGR“Development Capital”

We provide capital to excellent Small and Medium Enterprises based in Lombardia on the principle that “successful investments create value and wealth for the firm, the investors and the society”

The Fund intends to reward medium-sized companies with sound Business Plans and with a strong focus on innovation and internationalisation

The average investment’s value is 2 – 3 mln euros

The Fund supports its portfolio companies from an operational point of view and with a specific attention to managerial and organisational aspects

Culture

Management Organisation

Planning

Growth

Innovation

Internationalisation

Vittoria De FrancoIstanbul, 25 November 2011 4

Futurimpresa SGRFuturimpresa has an “investments style” in line with its objectives and its institutional nature

FUND

Private funds

Banks Fundations

FUND

Private funds

Banks Fundations

COMPANIES

Entrepreneurial Firms

COMPANIES

Entrepreneurial Firms

FUTURIMPRESA SGR

Instiutional subject

Chambers of commerce

FUTURIMPRESA SGR

Instiutional subject

Chambers of commerce

Compared with usual private funds Fururimpresa acts as a mediator,

solving the implicit conflict between th and balancing interests and returns

Compared with usual private funds Fururimpresa acts as a mediator,

solving the implicit conflict between th and balancing interests and returns

CommunityCommunity

Balanced return

Growth & Culture Economic developement

Vittoria De FrancoIstanbul, 25 November 2011 5

Futurimpresa SGRSuccess cases

Investment in the renewable energy sector: Futurimpresa promoted the aggregation of six enterprises in an industrial holding which developed a new innovative technology in the field of photovoltaic power generation

Investment in an enterprise in the pharmaceutical sector, supporting the development of a new strategy based on the creation of its own brand and on the transition from a pull to push approach;

Investment in a company specialised in the production of machinery for food industry, in order to support a plan for growth and internationalization and the development of a new product line

Investment in an enterprise in the field of waste industry and ricycling with the aim of facilitating the transition of the company from pure waste trading to an integrated player