The price of the residual Offer will be determined by Consob pursuant to art. 108 of the TUF. To this end Red & Black has informed that on 5th October 2007 it sent Consob the statement provided for by art. 102 of the TUF, as well as the documentation pursuant to art. 108 of the TUF and art. 50, 5th paragraph, of the Issuers Regulation, necessary for the determination of the residual Offer price in the same amount as the price of the Voluntary Public Tender Offer which ended on 7th September, i.e. €35.00 for each ordinary share of the Issuer.
In the event that Consob determines the price of the residual Offer in the amount of €35.00, the price will be equal to that of the Voluntary Tender Offer, which was already deemed fair when disclosing the press release approved by the Board of Directors of the Issuer on 12th July 2007.
After taking into account the reasons for the residual Offer and in view of the delisting of the ordinary shares of Valentino Fashion Group, which will follow the conclusion of the residual Offer, the Board of Directors of Valentino Fashion Group expressed its approval on the residual Offer. The Issuer's press release will be made available to the public along with the Offer document.
Valentino Fashion Group S.p.A.
marketing@alchempro.com
