Italian Accounting Principles and Practices

Italian Accounting Principles and Practices. The accounting principles prepared by the Consiglio Nazionale dei Dottori Commercialisti e dei Ragionieri, as amended and/or specified by the Organismo Italiano di Contabilità (O.I.C. ), applied consistently and in accordance with the past practice and methodologies of the Company, according to which the Company has prepared the Reference Financial Statements