13 November 2008

The economic-financial indicators show an upward trend:

• Consolidated revenues achieved 240.4 million Euros (+19.4% compared to September 30th, 2007);
• EBITDA achieved 33 million Euros (+14.8% compared to September 30th, 2007);
• EBIT achieved 30 million Euros (+15.3% compared to September 30th, 2007);
• Income before taxes amounted to 29.1 million Euros (+13.5% compared to Septebmer 30th, 2007).

The Board of Directors of Reply S.p.A. – a company listed on the STAR segment of Borsa Italiana [REY.MI] – has approved today the consolidated revenues as at September 30th, 2008.

With reference to the Third Quarter 2008, the consolidated revenues achieved by Reply amounted to 80.2 million Euros (+ 22.5% compared to the same period in 2007).

The marginality improvement is a major element: EBITDA amounts to 11.3 million Euros (+15.7%) and EBIT amounts to 10.2 million Euros (+15.1%). During the 3Q, the income before taxes achieved 9.8 million Euros (+ 12.8% compared to the same value of 2007).

In the first nine months of 2008, the Group achieved a consolidated revenues worth 240.4 million Euros, increased by 19.4% compared to the same period of 2007. EBITDA is worth 33 million Euros (+14.8%) and EBIT 30 million Euros (+15.3%).

The Income Before Taxes during the first nine months amounted to 29.1 million Euros, increased by 13,5% compared to the same period of 2007.

The Net Financial Position of the Reply Group as at September 30th, 2008 shows a negative figure worth 16 million Euros (as at June 30th, 2008 the negative figure was 1.1 million Euros worth), mostly due to the acquisition of glue:.

"The results achieved by the Group at the end of September – declared Mario Rizzante, Reply President – show steady growth in the main business areas, with positive results, both economic and financial, in all markets where we have a presence".

"With regard to the European market – continues Mario Rizzante – in these first nine months of the year, we have strengthened our activities in Germany and, with the acquisition of glue:, a company highly focused on Enterprise Architecture and SOA, we established a first base in UK".

"Currently Reply - concludes Mario Rizzante – is a reference point on SOA, Social Network, Rich Internet Application and delivery modes of services based on SaaS and Cloud Computing. Steadily growing market segments characterized by a skill shortage phenomenon, and always more fundamental in defining IT simplification and optimization processes implemented by companies to tackle the current economic situation".