Tuesday, May 13, 2008

Finmeccanica to acquire 11.1 % of Eurotech

Finmeccanica to acquire 11.1 % of Eurotech 
The Board of Directors of Finmeccanica has decided to enter the shareholding of Eurotech through the acquisition of around 11.1% of the Company’s share capital - equivalent to 3,936,461 shares - from a number of the company’s founders (Dino Feragotto, Roberto Chiandussi, Giorgio Pezzulli) at a price of €4.60
per share.

Finmeccanica will also sign a shareholder agreement with the current management of Eurotech – Chairman Roberto Siagri, Vice Chairman Massimo Mauri and Chief Technical Officer Giampietro Tecchiolli (“Manager Shareholders”) – who today hold around 10.7% of the share capital of the Company. The agreement will be communicated to the appropriate authorities and to the market in accordance with the terms foreseen by current regulations.

The entrance into Eurotech’s share capital will reinforce the strategic partnership initiated in July 2006 by means of an agreement for commercial and scientific cooperation, and will permit a further deepening of relations between the two Groups, particularly given the progress made by Eurotech in the development of innovative products as well as significant growth in new geographic areas of strategic importance to Finmeccanica such as the United States and Japan.

The operation is subject to the approval by the relevant regulatory authorities. Finmeccanica is assisted by Mediobanca, as financial advisor for the transaction.

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