The Board of Directors of Sintonia S.A., chaired by Jean Hoss, and the Extraordinary General Meeting of the shareholders approved today the transfer of the legal seat and effective place of management of the Company from Luxembourg to Milan, Italy. The transfer will become effective within the current month of June.

The decision to transfer the legal seat of the Company matured as a consequence of the global recession that started in 2008 and, more recently, of the European sovereign debt crisis, that prevented the Company from reaching its initial objective of attracting new international investors to expand and diversify its investments in the infrastructure sector in Italy and internationally.

The transfer of the legal seat to Italy will allow the Company to follow more closely the current portfolio of participated companies and will allow a further rationalization, with positive effects also in terms of its cost structure.