18 April 2008

All economic-financial indicators show an upward trend:

• Consolidated revenues achieved 277,2 million Euros (+20.4% compared to 2006)
• EBITDA achieved 42,3 million Euros (+34.4% compared to 2006)
• EBIT achieved 38,0 million Euros (+36.6% compared to 2006)
• Income before taxes amounted to 37,8 million Euros (+36.1% compared to 2006)
• Net income amounted to 15,7 million Euros (+53% compared to 2006)

The distribution of a dividend of Euro 0.35 per share has been proposed.

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 Statement FY 2007 project which will be submitted to the Shareholders’ Meeting for approval. The first convocation of the Shareholders’ Meeting is going to take place in Turin on June 12th, 2008.

The Reply Group closed 2007 with consolidated revenues worth 277,2 million Euros (+ 20.4% compared to 2006), achieving a 42,3 million Euros (+34,4%) EBITDA and a 38,0 million Euros (+36.6%) EBIT. The income before taxes reached 37,8 million Euros (+36.1% compared to 2006). The net income is 15,7 million Euros worth (+53%).

In consequence of the results achieved in 2007, the Board of Directors of Reply has decided to propose, during the next Shareholders’ Meeting, the distribution of a dividend of 0.35 Euro per share, in payment from 10th July 2008, with coupon detachable from 7th July 2007.

The Net Financial Position of 10,4 million Euros as at December 31st, 2007, confirmed its positive trend compared to the 6,7 million Euros as at December. 31st, 2006.

As far as Germany is concerned the Reply Group reported positive results: syskoplan closed 2007 with consolidated revenues worth 57,5 million Euros (+27,1%), achieving a 5,9 million Euros (+41,8%) EBIT and a Net Financial Position worth 16,4 million Euros.

“This is the eleventh consecutive year – has declared Mario Rizzante, Reply President – that we have achieved positive results, far better than the previous FY. In a context which since several years reports medium growth rates of few percentage points, or even negative trends, our Group stands out for being today one of the major Group of the Italian IT industry”.

“Reply has achieved these economic/financial results – continues Mario Rizzante – thanks to its leadership positioning acquired within the reference industry; to this end the combination of the three key elements of our business model has proven to be fundamental: best-of-breed and excellent solutions, a strong ecosystem of partnership with leading international vendors and continuous investments in technology innovation and in corporate business processes”.

“These results - concludes Reply President – combined with the positive start of FY 2008, allow us to make a payment - for the seventh consecutive year, i.e. since Reply has been listed on Borsa Italiana - to our shareholders of a dividend of Euro 0.35 per share in 2008, with a relevant increase compared to 2007”.

Organization Model according to Dlgs 231/2001 and Code of Ethics

During the meeting held on March 28th, 2008, the Board of Directors of Reply S.p.A has approved the Organization, Management and Control Model in compliance with Dlgs 231/2001 and the Company Code of Ethics; the Board has moreover established and appointed the required Vigilance Commission.

For the relevant documentation, please visit the Issuer website.

The manager responsible for preparing the company’s financial reports, Dr. Giuseppe Veneziano, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.