020911_Assemblea MT

The extraordinary shareholders' meeting of Borsa Italiana Spa resolved today to increase the legal capital by an aggregate maximum of €1,158,179.36 through the issue of a maximum of 2,227,268 new ordinary shares with a nominal value of €0.52 each and a total surcharge of €58.3436, reserved for Monte Titoli's shareholders.

The shares are to be assigned against the contribution of Monte Titoli ordinary shares, bearing a nominal value of €1 each, with a ratio of 0.275 Borsa Italiana new shares for each Monte Titoli share.

The Meeting also approved amendments to the By-Laws of Borsa Italiana, in particular the articles referring to the voting right ceiling, which has been raised from 7.5% to 10%, and to the minimum stake necessary to present a list of candidates to be appointed as members of the Board of Directors, which has been reduced from 6.5% to 5%.

The integration of Monte Titoli, which operates as central securities depository and settlement house, will allow Borsa Italiana to extend and strengthen the process of rationalisation of Italy's financial markets, boosting their qualitative and quantitative growth as well as reinforcing the role of Borsa Italiana in the process of consolidation of European capital markets.

Milan, 11 September 2002