12 June 2008

• Consolidated revenues achieved 277.2 million Euros (+20.4 % compared with 2006)
• EBITDA achieved 42.3 million Euros (+34.4% compared with 2006)
• Net income amounted to 15.7 million Euros (+53% compared with 2006)

The Shareholders’ Meeting of Reply S.p.A. – a company listed in the STAR segment of Borsa Italiana [REY.MI] – has approved today in Turin the Financial Statement FY 2007 and the distribution of a dividend of Euro 0.35 Euro per share (+25% compared with last year), in payment from 10th July 2008, with coupon detachable from 7th July 2008.

The results achieved in 2007 have shown an upward trend of all relevant economic-financial indicators. The Reply Group closed 2007 with consolidated revenues worth 277.2 million Euros (+20.4% compared with 2006), achieving a 42.3 million Euros EBITDA (+34.4% compared with the previous FY). The Net Income is 15.7 million Euros worth (+53% compared with 2006).

The purchasing plan of company’s own shares, approved by the Shareholders’ Meeting on June 14th, 2007, has closed in advance today. This initial 18-month purchase program involved a maximum number of 863,191 ordinary shares. Currently the Reply Group owns 169,499 company’s own shares (1.87%): 29,499 shares, resulting from the previous plan, were already held in the share portfolio on June 2007. The remaining 140,000 shares have been purchased at an average market price of Euro 22.801, equal to a Euro 3,192,136.60 counter-value.

Moreover, the Shareholders’ Meeting has authorized a new purchase program of company’s own shares aimed at issuing 18-month share incentive plans effective as of the deliberation date, for a maximum number of 738,493 ordinary shares (8.13%) for a nominal value of Euro 0.52 per share for a maximum nominal value of Euro 384,016.36 (max. financial commitment 30,000,000 Euros).

The program complies with the current regulations and laws in force, in particular:

• the price cannot exceed the official trading price reported by the MTA market on the day before the purchase and increased by 10%;
• volumes cannot exceed 25% of the daily average volume of the traded shares;
• the company will timely inform the shareholders about the details concerning all the transactions carried out.

“2007 – has declared Mario Rizzante, Reply President – has been a very positive year for our Group, in which it achieved excellent results both in terms of business and market positioning. In a context, which since several years, reports growth rates of few percentage points, or even negative trends, Reply stands out for being one of the major Groups of the Italian IT industry with a growth rate of 40.2% in the period 1999-2008 as far as revenues are concerned”.

“The positive start of 2008 – concluded Mario Rizzante, Reply President – confirm the positive trend and the results achieved in the first months of this year demonstrate the soundness of the growth strategy we have implemented and are pursuing”.