Credito Valtellinese: monthly report on completion of transactions regarding its own shares

Sondrio, January 2, 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 at the Shareholders' Meeting, is aimed at encouraging trading in its stock within normal brokerage activities, and provides for operations on its 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, up until December 29, 2006, there were 349,489 their own shares acquired in the market, equaling 8.74% of the maximum quantity established in the resolution, for a counter-value of € 4,082,064.45, or 8.16% of the maximum counter-value authorized by the shareholders.

The total number of own shares brokered (bought and sold) for the period of December 1-29, 2006 was 195,810, which corresponds to 3.48% of the monthly average of exchanges in stock carried out during the previous six months, as compared to a maximum value of 25% established at the Shareholders' Meeting.

Finally, it was stated that on December 29, 2006, there were 59,646 of their own shares in Credito Valtellinese's property portfolio, equaling 0.06% of the total amount of shares in circulation as at the date of this report.

For further information, contact:

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

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