The Presentation has been prepared by D&M Holding SpA and/or its affiliated companies (collectively, with any officer, director, employee, advisor or agent of any of them, the Preparers) for the purpose of setting out certain confidential information in respect of D&M Group business activities and strategy. References to the “Presentation” includes any information which has been or may be supplied in writing or orally in connection with the Presentation or in connection with any further inquiries in respect of the Presentation. This Presentation is for the exclusive use of the recipients to whom it is addressed. This Presentation and the information contained herein is confidential. In addition to the terms of any confidentiality undertaking that a recipient may have entered into with D&M, by its acceptance of the Presentation, each recipient agrees that it will not, and it will procure that each of its agents, representatives, advisors, directors or employees (collectively, Representatives), will not, and will not permit any third party to, copy, reproduce or distribute to others this Presentation, in whole or in part, at any time without the prior written consent of D&M, and that it will keep confidential all information contained herein not already in the public domain and will use this Presentation for the sole purpose of setting out certain limited background information concerning D&M and its business strategy and activities. This Presentation is not intended to serve as basis for any investment decision. If a recipient has signed a confidentiality undertaking with D&M, this Presentation also constitutes Confidential Information for the purposes of such undertaking.

All the technical information contained in this Presentation are the result of calculations based on specific assumptions set internally by D&M just by way of example. The recipient is free and welcomed to propose to D&M different assumptions which may change calculation results.

The Preparers expressly disclaim any and all liability for representations or warranties, expressed or implied, contained in, or for omissions from, this Presentation or any other written or oral communication transmitted to any interested party in connection with this Presentation so far as is permitted by law. In particular, but without limitation, no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on, any projections, estimates, analyses or forward looking statements contained in this Presentation which involve by their nature a number of risks, uncertainties or assumptions that could cause actual results or events to differ materially from those expressed or implied in this Presentation. Only those particular representations and warranties which may be made in a definitive written agreement, when and if one is executed, and subject to such limitations and restrictions as may be specified in such agreement, shall have any legal effect.

In furnishing this Presentation, the Preparers reserve the right to amend or replace this Presentation at any time and undertake no obligation to update any of the information contained in the Presentation or to correct any inaccuracies that may become apparent. This Presentation shall remain the property of D&M. Neither the dissemination of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Preparers or any of their respective affiliates to enter any contract or otherwise create any legally binding obligation or commitment. The Preparers expressly reserve the right, in their absolute discretion, without prior notice and without any liability to any recipient to terminate discussions with any recipient or any other parties. This Presentation does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any shares in D&M, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment or investment decisions relating thereto, nor does it constitute a recommendation regarding the shares in D&M.