RABOBANK ENTERS e-MID CAPITAL

e-MID 2002 TURNOVER CLOSES AT €8,402,887 (+15% VS.2001), NET PROFIT AT €550,776

Milan, February 04, 2003

In the meeting held on January 30th, 2003, the Board of Directors of e-MID S.p.A. has taken note of the good results of the year just closed and has expressed satisfaction for the strong increase of operations, especially in the negotiations in the € and US $ markets.

The Board has called the Extraordinary Meeting of the Shareholders on February 28th, 2003, in order to approve some amendments to the Company's by-laws aimed at admitting to the market the Investment Banks and at making eligible as Shareholders new Companies having an activity linked to that of e-MID S.p.A.

In the Ordinary Meeting, the Shareholders will be requested to resolve upon the following:
- distribution of a dividend of € 240,000, i.e. € 2 per share
- creation of a buy-back reserve of € 500,000, in order to ease the circulation of the shares and the entering of new shareholders

The Company informs that the Dutch bank Rabobank has acquired a significant stake of e-MID's capital and will join the Board of Directors with an important representative.

Rabobank's entry represents an important sign of acknowledgement for e-MID and for its effort to grow on an international scale also to respond to the needs of the several international market members

"The entry of this primary bank among e-MID shareholders marks a strategic step in the process of internationalisation of the governance of the Company" commented Mr Francesco Cesarini, President of e-MID, "Rabobank is a primary and highly reputed bank that already knew our activities as a market member. In its new role of Shareholder, Rabobank will certainly bring us an important contribution in terms of professionalism and experience"

Mr Pablo Vergara of Rabobank commented: "We are very pleased to join e-MID shareholder group at this stage of the company’s development. We believe it represents a strong opportunity for Rabobank to participate into a challenging and constructive thinking process in the key area of Treasury business".

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development