Source : Amadeus Database (Bureau van Dijk) Update :October, 2009October, 2009

IFIL INVESTMENTS S.P.A. BREVEMENTE IFIL S.P.A.
(TORINO, ITALY)

CSO MATTEOTTI, 26 Phone : +39 011 6620333 Operating revenue/Turnover (2007, mil USD) : 3,964

10100 TORINO Fax : Net Income (2007, mil USD) : 1,001

ITALY Date of incorporation : 7/10/1919 Employees (2007) : 17,447

This company is not listed.

BvDEP ID number :

ITTO0431083

NACE Rev. 1.1 code :

6523 : Other financial intermediation n.e.c.

Trade description :

Financial activity; participation in other companies, technical and financial coordination of group companies, buying and selling public and private shareholdings

Peer Group :


ILLUSTRATION OF THE EVOLUTION OF THREE KEY ITEMS

BALANCE SHEET(mil USD) 31/12/2007 31/12/2006 31/12/2005 31/12/2004 31/12/2003

12 months 12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons. Cons.

   ASSETS

Current Assets 2,619 4,337 4,411 58,069 58

Cash & Equivalents 1,353 398 702 5,025 4

Receivables 639 1,235 1,213 6,708 6

Other Current Assets 627 2,704 2,496 46,336 48

Fixed & Other Assets 10,639 9,405 7,692 29,968 30

Tangible Fixed Assets 294 1,116 1,110 14,486 14

Other Assets 10,344 8,289 6,582 15,482 16

Total Assets 13,258 13,742 12,103 88,037 88

   LIABILITIES

Current Liabilities 1,082 2,921 2,955 65,765 66

Accounts Payable 555 1,221 1,158 16,182 16

Other Current Liabilities 527 1,700 1,797 49,583 50

Non-Current Liabilities 2,174 1,779 1,796 9,905 9

Long Term Debt 1,557 859 879 0 0

Other Liabilities 617 921 917 9,905 9

Shareholders' Funds 10,001 9,041 7,352 12,367 13

Total Liabilites & Shareholders' Funds 13,258 13,742 12,103 88,037 88

INCOME STATEMENT(mil USD) 31/12/2007 31/12/2006 31/12/2005 31/12/2004 31/12/2003

12 months 12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons. Cons.

Operating Revenue / Turnover 3,964 7,434 6,449 73,984 70

Cost of Goods Sold n.a. n.a. n.a. n.a. n.a.

Operating Expenses -3,900 -7,338 -6,389 -73,925 -71

Operating Income 65 96 60 59 -0

Financial P/L 147 121 18 -1,086 -1

Tax -63 -71 -55 33 -1

Extraordinary & Other Items 852 375 1,485 -392 1

Net Income 1,001 522 1,508 -1,387 -2

EMPLOYEES 17,447 18,224 92,210 179,774 192,532

RATIOS 31/12/2007 31/12/2006 31/12/2005 31/12/2004 31/12/2003

Return on Shareholders Funds (%) 2.12 2.40 1.06 -8.30 -13.81

Return on total assets (%) 1.60 1.58 0.64 -1.17 -2.08

Return on Capital Employed (%) 2.12 2.39 1.91 7.88 6.47

Profit margin (%) 5.35 2.92 1.21 -1.39 -2.61

Current Ratio (x) 2.42 1.48 1.49 0.88 0.89

Solvency ratio (%) 75.44 65.79 60.75 14.05 15.05

Shareholders liquidity ratio (%) 4.60 5.08 4.09 1.25 1.44

Assets / Employee (th USD) 760 754 131 490 0

Net Assets Turnover (x) 0.33 0.69 0.71 3.32 3.12

MEDIAN VALUES OF THE PEER GROUP 2007 2006 2005 2004 2003

Operating Revenue / Turnover (th USD) 18,531 14,026 10,891 11,512 10,420

Operating Income (th USD) 222 159 109 218 203

Net Income (th USD) 742 633 494 607 467

Return on shareholders funds (%) 12.85 13.75 14.26 12.90 12.25

Return on capital employed (%) 10.77 10.91 10.90 10.77 11.05

ILLUSTRATION OF THE EVOLUTION OF KEY RATIOS

BOARD MEMBERS & OFFICERS

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Name Title

Carlo Barel Di Sant'Albano Director

Tiberto Brandolini D'Adda Director

John Philip Elkann Director

Edoardo Ferrero De Gubernatis Director

Gianluigi Gabetti Director

Franzo Grande Stevens Director

Antonio Maria Marocco Director

Giuseppe Recchi Director

Sandro Salvati Director

Claudio Saracco Director

Pio Teodorani Fabbri Director

Carlo Barel Di Sant'Albano CEO

John Philip Elkann Chairman of the Board of Directors

Tiberto Brandolini D'Adda Vice-Chairman of the Board of Directors

SHAREHOLDERS

BvDEP Independence Indicator: U Help

There is no shareholder information available for this company.

Textual information

IFIL INVESTMENTS SPA has merged into ISTITUTO FINANZIARIO INDUSTRIALE SPA and the new company will be known as EXOR SPA (Zephyr, March 2009).

SUBSIDIARIES (Roll-up structure)

There is no subsidiary information available for this company.

CSO MATTEOTTI, 26	Phone :	+39 011 6620333	Operating revenue/Turnover (2007, mil USD) :	3,964
10100 TORINO	Fax :		Net Income (2007, mil USD) :	1,001
ITALY	Date of incorporation :	7/10/1919	Employees (2007) :	17,447

BALANCE SHEET(mil USD)	31/12/2007	31/12/2006	31/12/2005	31/12/2004	31/12/2003
	12 months	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.	Cons.
ASSETS
Current Assets	2,619	4,337	4,411	58,069	58
Cash & Equivalents	1,353	398	702	5,025	4
Receivables	639	1,235	1,213	6,708	6
Other Current Assets	627	2,704	2,496	46,336	48
Fixed & Other Assets	10,639	9,405	7,692	29,968	30
Tangible Fixed Assets	294	1,116	1,110	14,486	14
Other Assets	10,344	8,289	6,582	15,482	16
Total Assets	13,258	13,742	12,103	88,037	88

LIABILITIES
Current Liabilities	1,082	2,921	2,955	65,765	66
Accounts Payable	555	1,221	1,158	16,182	16
Other Current Liabilities	527	1,700	1,797	49,583	50
Non-Current Liabilities	2,174	1,779	1,796	9,905	9
Long Term Debt	1,557	859	879	0	0
Other Liabilities	617	921	917	9,905	9
Shareholders' Funds	10,001	9,041	7,352	12,367	13
Total Liabilites & Shareholders' Funds	13,258	13,742	12,103	88,037	88

INCOME STATEMENT(mil USD)	31/12/2007	31/12/2006	31/12/2005	31/12/2004	31/12/2003
	12 months	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.	Cons.
Operating Revenue / Turnover	3,964	7,434	6,449	73,984	70
Cost of Goods Sold	n.a.	n.a.	n.a.	n.a.	n.a.
Operating Expenses	-3,900	-7,338	-6,389	-73,925	-71
Operating Income	65	96	60	59	-0
Financial P/L	147	121	18	-1,086	-1
Tax	-63	-71	-55	33	-1
Extraordinary & Other Items	852	375	1,485	-392	1
Net Income	1,001	522	1,508	-1,387	-2

EMPLOYEES	17,447	18,224	92,210	179,774	192,532

RATIOS	31/12/2007	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Return on Shareholders Funds (%)	2.12	2.40	1.06	-8.30	-13.81
Return on total assets (%)	1.60	1.58	0.64	-1.17	-2.08
Return on Capital Employed (%)	2.12	2.39	1.91	7.88	6.47
Profit margin (%)	5.35	2.92	1.21	-1.39	-2.61
Current Ratio (x)	2.42	1.48	1.49	0.88	0.89
Solvency ratio (%)	75.44	65.79	60.75	14.05	15.05
Shareholders liquidity ratio (%)	4.60	5.08	4.09	1.25	1.44
Assets / Employee (th USD)	760	754	131	490	0
Net Assets Turnover (x)	0.33	0.69	0.71	3.32	3.12

MEDIAN VALUES OF THE PEER GROUP	2007	2006	2005	2004	2003
Operating Revenue / Turnover (th USD)	18,531	14,026	10,891	11,512	10,420
Operating Income (th USD)	222	159	109	218	203
Net Income (th USD)	742	633	494	607	467
Return on shareholders funds (%)	12.85	13.75	14.26	12.90	12.25
Return on capital employed (%)	10.77	10.91	10.90	10.77	11.05


Name		Title

Carlo Barel Di Sant'Albano		Director
Tiberto Brandolini D'Adda		Director
John Philip Elkann		Director
Edoardo Ferrero De Gubernatis		Director
Gianluigi Gabetti		Director
Franzo Grande Stevens		Director
Antonio Maria Marocco		Director
Giuseppe Recchi		Director
Sandro Salvati		Director
Claudio Saracco		Director
Pio Teodorani Fabbri		Director
Carlo Barel Di Sant'Albano		CEO
John Philip Elkann		Chairman of the Board of Directors
Tiberto Brandolini D'Adda		Vice-Chairman of the Board of Directors