2012 Half year financial report

Earnings per share are calculated as follows:

1st half 2012 1st half 2011
Net income €/000 33,792 33,695
Earnings attributable to ordinary shares €/000 33,792 33,695
Average number of ordinary shares in circulation
371,793,901 371,793,901
Earnings per ordinary share 0.091 0.091
Adjusted average number of ordinary shares
372,472,930 374,733,653
Diluted earnings per ordinary share 0.091 0.090

The potential effects deriving from stock option plans were considered when calculating diluted earnings per share.
As already indicated, published data relative to the half-year period of the previous year have been restated to make them uniform with current data.