Press release

Notice of change in share capital

We hereby inform you of the new composition of the share capital of Credito Valtellinese (fully subscribed and paid in) following the conversion of the third and final tranche of the 2004-2007 2.8% Credito Valtellinese Convertible Bond, resolved by the Extraordinary Shareholders' Meeting of 15 November, 2003.



  Current share capital Previous share capital
  Euro No. of shares Par value per share Euro No. of shares Par value per share
Total
of which:
321.177.528 107.059.176 3 272.913.873 90.971.291 3
Ordinary shares
(Dividends payable: 01.01.07)
current coupon number: 30
321.177.528 107.059.176 3 272.913.873 90.971.291 3
Preference shares
(Dividends payable:)
current coupon number:
           
Ordinary shares
(deferred dividend date: )
current coupon number:
           
Conv. Savings shares
(Dividends payable: )
current coupon number:
           
Conv. Savings shares
(deferred dividend date: )
current coupon number:
           
Non-conv. savings shares
(Dividends payable: )
current coupon number:
           
Non-conv. savings shares
(deferred dividend date:)
current coupon number:
           
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