Credito Valtellinese: reappointment of company officials in accordance with new by-laws

Sondrio, February 27, 2007 - Today the Board of Directors of Credito Valtellinese, chaired by Giovanni De Censi, gave orders to the president to provide legal notice of convocation for the Ordinary and Extraordinary Shareholders' Meetings scheduled for April 20 (first convocation) and Saturday April 21 (second convocation). The agenda will include, among other items, renewing the office terms of the entire BOD, as well as proposing the appointment of 15 directors for the 2007-2009 period, in accordance with art. 31 of the company by-laws, as amended at the Extraordinary Shareholders' Meeting on February 10.

One must keep in mind that this amendment of art. 31 introduced the rule that the terms in office would finish at the same time for all members of the BOD, instead of having one third of the directors complete their terms every year.

The directors who are not at the end of their terms (Giovanni De Censi, Renato Bartesaghi, Franco Bettini, Gabriele Cogliati, Michele Colombo, Giovanni Continella, Mario Cotelli, Valter Pasqua, and Giuliano Zuccoli) have pushed their own terms back, to go into effect on the date of the next Shareholders' Meeting. This will make it possible to comply with the aforementioned amendment and thereby reappoint the entire BOD for the next three-year term.

For further information, contact:

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

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