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Analyst coverage

Sopaf is followed by the analysts at the brokerage firms listed below.  The list may not be complete and is subject to change.  Please note that any opinions, estimates or forecasts regarding Sopaf’s performance made by the analysts at these brokerage firms are theirs alone and may differ in whole or in part from those of Sopaf or its management.  Sopaf does not by its reference below imply, and expressly disclaims, any endorsement of any reports, including conclusions or recommendations, provided by these analysts.

Intermonte Umberto Grimi 1.00 Buy 05/03/2006
Kepler Fabio Iannelli 0.80 Buy 07/09/2007
Banca Akros Francesco Sala 0.80 Accumulate 07/11/2007
Kepler Fabio Iannelli 0.55 Reduce 10/11/2007
Banca Akros Francesco Sala 0.55 Accumulate 09/19/2008

Updated: 20/09/2008
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