Financial News

Press release pursuant to article 89-bis of the Rules approved by CONSOB resolution 11971 of 14 May 1999, as further amended and extended

16 March 2009

We hereby inform that Reply S.p.A. published its 2008 Corporate Governance Report on its website at www.reply.it/investors/corporate_governance.

The Report has also been filed at the Company’s headquarter, and with at Borsa Italiana S.p.A.