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Standard & Poor’s European Dividend Scorecard - Italy Takes Lead For Second Consecutive Quarter

Date 21/06/2006

Standard & Poor’s, the world’s leading index provider, announced today Italy as Europe’s highest dividend-paying stock basket as measured by the S&P European Dividend Scorecard. Italian companies, and the S&P/MIB Index, were identified as Europe’s dividend engines and top of the league for the second consecutive quarter.

Each quarter, Standard & Poor’s publishes the S&P European Dividend Scorecard which measures country-by-country dividend yields of constituent stocks in the S&P Europe 350 Index. Complete index-level fundamentals are published monthly and used to rank the highest income paying country baskets in the S&P Europe 350 Index. The S&P European Dividend Scorecard underscores trends for investors who focus on higher income paying stocks.

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