Instructions to Stock Market Regulations
The Instructions to the Regulations for Markets organised and managed by Borsa Italiana S.p.A.

ISIN
Acronym for International Securities Identification Number, a unique international code which identifies a securities issue. Each country has a national numbering agency which assigns ISIN numbers for securities in that country.

Issuers' Regulation
The Regulation that implements the CFA (Consolidated Finance Act) and adopted by Consob in Resolution no. 11971 of 1999.

Net financial position
The sum of bank borrowings, short, medium and long-term borrowings, net of cash held in hand and at bank.

Net invested capital
(also Net capital employed). The algebraic sum of shareholders' equity of the Group and minority interests and the "Net financial position".

Net working capital
The algebraic sum of inventories, trade receivables and trade payables.