Banca Popolare Santa Venera s.c.a.r.l joining Credito Valtellinese banking Group was supposed.

On May 20 1998, Credito Valtellinese's Board of Directors expressed Credito Valtellinese's interest in Banca Popolare Santa Venera's possible joining the Banking Group.

Further information on the possible joining terms and conditions are being promptly available to the market, in compliance with the law and with necessary permits in this matter.