Credito Valtellinese: Final outcome of operations regarding own shares

Sondrio, April 20, 2007 - Reference was made to the resolution through which members at the Credito Valtellinese's Ordinary Shareholders' Meeting, held on April 22, 2006, renewed the Board of Directors' authorization to carry out the acquisition of its own shares, as well as the re-listing or cancellation of shares, in accordance with art. 12 of the corporate constitution and current regulations.

The proposal, approved by the Shareholders' Meeting, is aimed at encouraging trading in its stock within normal brokerage activities, and provides for operations on own shares being carried out in accordance with the methods and with respect to the limits listed in the meeting's resolution:

With regard to this, it mentions that within the period of time starting at the date of the aforementioned Shareholders' Meeting until April 20, 2007, there were 439,646 own shares acquired in the market, equalling 10.99% of the maximum quantity established in the resolution, for a counter-value of € 5,207,879.98, or 10.41% of the maximum counter-value authorized by the shareholders. Over the same period 446,302 shares were sold for a total of € 5,294,906.81.
At 20 April, 2007, no own shares were held in the property portfolio of Credito Valtellinese.

For further information, contact:

Tiziana Camozzi
Institutional Communication and Press Service
Telephone 02 80637471
Email: camozzi.tiziana@creval.it

Raffaella Premoli
Institutional Communication and Press Service
Telephone 02 80637403
Email: premoli.raffaella@creval.it