PERSONS” UNLESS SUCH SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. SECURITIES ACT OF 1933, AS AMENDED (THE “ SECURITIES ACT”), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN THE OTHER COUNTRIES AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO “U.

THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN REGISTERED AND WILL NOT BE REGISTERED IN THE UNITED STATES UNDER THE U.S. ANY PUBLIC OFFERING WILL BE CONDUCTED IN ITALY PURSUANT TO A PROSPECTUS, DULY AUTHORIZED BY CONSOB IN ACCORDANCE WITH APPLICABLE REGULATIONS. THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR SECURITIES, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER COUNTRIES WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE “ OTHER COUNTRIES”).

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