As From June 1st 2005, OAT Linked To French And European Inflation Will Start Trading On EuroMOT, Borsa Italiana’s Electronic Market For Euro-Bonds And Asset Backed Securities

As from Wednesday 1st of June, trading in OAT linked to French and European inflation will start on EuroMOT – Borsa Italiana’s market for eurobonds, bonds of foreign issuers and asset backed securities.

The OAT are the following: OATi 7.2009 / OATi 7.2011 / OATei 7.2012 / OATi 7.2013 / OATei 7.2015 / OATi 7.2020 / OATi 7.2029 / OATei 7.2032

These instruments complete the range of the French inflation-linked Government bonds. Similar inflation-linked Italian Goverment bonds are already available on MOT, the Borsa Italiana’s market for Italian Government securities and non-convertible bonds.

“Borsa Italiana thus extends its range of products listed and negotiable on its markets” - says Massimo Capuano, President and CEO of Borsa Italiana. “The decision to list OAT on EuroMOT confirms the central role of the official market which guarantees maximum transparency and efficiency and offers the opportunity to further diversify the final investors’ portfolios”.

“Our bank – adds Carlo Corradini, Managing Director at Banca IMI - confirms its activity in developing inflation-linked products, which started in 2003 with the launch of the first Italian Treasury’s BTP €i. Today, we renew our commitment with Borsa Italiana to the diffusion of this class of securities among final investors.”

Like all instruments listed on the EuroMOT, trading in the eight OAT will be supported by the constant presence of a specialist dealer to promote their liquidity.

The specialist dealer for these instruments is Banca IMI.