On the basis of the declarations provided, you do not possess the necessary requisites for access to the Documents pertaining to the selected Offer.

In fact, the Bonds have not been, nor shall be, registered pursuant to the 1933 United States Security Act, as subsequently amended, or pursuant to any financial regulations in force in any of the States of the United States of America.

Neither the US Securities and Exchange Commission, nor any other US supervisory authority, has approved or withheld approval of the Bonds Issue and/or Offer, or has ruled on the accuracy or inaccuracy of the Prospectus. This Offer is made exclusively in Italy. This Offer is not valid in the United States of America, nor is it made to any US citizen or any person residing in the United States of America, or to any individual from whom tax is due in the United States, and the documents pertaining to said Offer may not be distributed in the United States.