PRESS RELEASE

INVESTIGATION BY THE ITALIAN ANTITRUST AUTHORITY ON THE CONCENTRATION BETWEEN ONORATO PARTECIPAZIONI/MOBY AND COMPAGNIA ITALIANA NAVIGAZIONE

The Italian Antitrust Authority has decided to open an investigation, pursuant to Article 16, paragraph 4, of Act No 287/90, in connection with the merger transaction consisting in the acquisition of sole control over Moby S.p.A. and Compagnia Italiana di Navigazione S.p.A. by Onorato Partecipazioni S.r.l., notified to the Authority on 6 July 2015.

The investigation by the Antitrust Authority is meant to ascertain the possible strengthening of a dominant position in the market for the maritime transport of passengers, cars and goods between mainland Italy and Sardinia, on the routes Genova-Olbia-Genova and Civitavecchia-Olbia-Civitavecchia.

The investigation must be completed within 45 days from the date of its start.

Rome, 9 November 2015