MITTEL : Board of Directors has examined and approved the Interim Report for the period 1 October 2015-30 June 2016

· The consolidated economic result of the Mittel Group for the quarter 1 April 2016-30 June 2016 posted a loss of EUR 0,7 million, compared to the considerably higher loss of EUR 6,4 million in the third quarter of the previous year. The consolidated economic result of the Mittel Group for the first nine months of 2015/2016 posted a loss of EUR 8,9 million, a strong decrease on the loss of EUR 14,5 million (-39%) for the same period of the previous year (loss of EUR 22,3 million for the entire year 2014/2015).

· Equity pertaining to the Group, including the result for the period, stood at EUR 246,1 million, compared to EUR 283,8 million as at 30 September 2015, marking a decrease of EUR 37,7 million, attributable mainly to the decrease deriving from the lower value of the asset Livanova Plc, held through the investees Tower 6 Bis S.à.r.l. and Bios S.p.A.

· The net financial position stood at EUR 102,8 million, compared to EUR 81,5 million as at 30 September 2015, an improvement of EUR 21,3 million. The increase is mainly attributable to the distribution to non-controlling interests of part of the available reserves of a number of the subsidiaries and to the downturn in the listed prices of securities held by Mittel Partecipazioni Stabili S.r.l.

· Following the Board of Directors' approval, on 30 March 2016, of the 2016-2019 Strategic Plan, the Group began a structural rationalisation and simplification process with the aim of significantly reducing holding costs and focusing resources on the development of private equity activities. The results of these activities are expected to befully visible from next year, as at present they are still affected by necessary restructuring costs.