Credito Siciliano: The Shareholders' Meeting approved 2006 financial statements

Net profit at € 7.8 million
Dividend of € 0.55 per share

New Board of Directors
and Board of Statutory Auditors appointed

Carlo Negrini re-elected as Chairman
Miro Fiordi Deputy Chairman

Francesco Giacobbi appointed Executive Director

AAcireale, 3 April 2007 - The Credito Siciliano Ordinary Shareholders' Meeting was convened with an ample number of shareholders attending.

The Shareholders' Meeting approved the financial statements for the year, and resolved to distribute a dividend of € 0.55 per share, which will be payable on 13 April 2007, at Credito Siciliano and authorised dealers.

The Meeting then appointed the Board of Directors and the Board of Statutory Auditors for the three-year period 2007-2009. The outgoing directors Carlo Negrini, Miro Fiordi, Mario Cotelli, Gino Del Marco, Antonio Leonardi, Antonio Pogliese, and Carlo Sorci were re-appointed. Two new members joined the Board: Francesco Giacobbi, currently General Manager, and Fernando Grattirola.

Angelo Garavaglia, Chairman of the Board of Statutory Auditors, and Pierantonio Valsecchi, were re-appointed as Statutory Auditors, and a new Statutory Auditor, Edoardo Della Cagnoletta, was also appointed. Francesco Faraci and Alessandra Foti were re-appointed as Substitute Auditors.

The Board of Directors, which met after the Shareholders' Meeting, re-appointed Carlo Negrini and Miro Fiordi to the positions of Chairman and Deputy Chairman of the Board of Directors, respectively, and also appointed Francesco Giacobbi as Executive Director, effective from 1 May 2007, when he will step down as General Manager.

Company Contacts:

Tiziana Camozzi
Institutional Communication Service
Telephone 0280.637.471
Email: camozzi.tiziana@creval.it

Filippo Licata
Institutional Communication Service for Sicily
Telephone 095.600.280
Email: licata.filippo@creval.it

Raffaella Premoli
Institutional Communication Service
Telephone 0280.637.403
Email: premoli.raffaella@creval.it