Cassa di Risparmio di Volterra S.p.A. was founded in 1494 A.D., and since then has always distinguished itself for its relationship with the local territory.  It represents the most typical and essential support for medium and small sized industrial companies, agriculture, commerce and handicraft activities as well as families. It has always shown particular attention to its own territory of business, with a continuous support to local economy.

In May 2006, Cassa di Risparmio di Volterra S.p.A. has concluded a syndicated loan operation, allowing the performance in the European interbanking market and enabling to attract funds from the foreign market. The operation was arranged by BNL (Banca Nazionale del Lavoro), London, and Raiffeisen Zentralbank Oesterreich AG, was a success, greater than expected, with a final subscription of 80 million euro, instead of the original proposed 60 million euro’s total amount.  Composed by high standing members and chaired by Prof. Giovanni Manghetti (for over eight years Director and President of ISVAP Italian High Authority for Insurance Services), Cassa di Risparmio di Volterra S.p.A. has started a large number of initiatives which could prepare its own future, while it has continued to deeply root in the local territory of business.

Cassa di Risparmio di Volterra S.p.A. has been granted in 2007 by AIFIN (Italian Association for Financial Innovation) the first national award for “Best Bank of the Territory 2007” and the first award for supporting local economy. In 2008 Cassa di Risparmio di Volterra S.p.A.’s projects have been chosen by AIFIN as best national scheme for art and culture and second best for social initiatives.

PROFILE

  All savings collected are invested in seven different provinces of Tuscany, where the bank operates with nearly 80 branches, in support to families, small and medium enterprises. Cassa di Risparmio di Volterra S.p.A. is in conclusion a traditional bank, mindful of the market and capable to offer to its customers the answers to their financial and savings requests.

TARGET MARKET

SHAREHOLDERS

HEAD OFFICE DETAILSPO Box 65, Piazza Dei Priori 16, 56048 Volterra (PI) - ItalyTel: +39 0588 91111Fax: +39 0588 86940Tgms: cassarisparmioEmail: info@crvolterra.itSWIFT/BIC: CRVO IT 3VABI/CAB: 06370/71221 CHIPS UID: 064508Website: http://www.crvolterra.it Ownership type: Joint Stock BankRegulator: Banca d’ItaliaMember of: Associazione per la Tutela degli Investitori in Titoli Argentini, Banca d'Italia Regolamento Lordo, Corporate Banking Interbancario, Trans-European Automated Real-Time Gross Settlement Express Transfer System.Office Summary: 75 branches

Average number of employees divided by category:

Managers 6Total officers 121Total remaining employees 340Other employees 39TOTAL 506

FINANCIALS

UNCONSOLIDATED BALANCE SHEET

DICEMBER 31, 2007 2006

ASSETS

Cash & Banks 110,377,476 84,955,047

Investments 226,547,580 236,721,037

Loans & Cash 1,447,455,468 1,300,423,551

Fixed Assets 40,684,530 40,736,620

Other Assets 28,982,773 32,535,729

TOTAL 1,854,047,827 1,695,371,984

LIABILITIES

Deposits 1,635,437,628 1,471,126,281

Other Liabilities 68,685,202 81,914,251

Capital 36,152,200 36,152,200

Reserves 100,998,294 91,597,894

Profits/Loss 12,774,503 14,581,358

TOTAL 1,854,047,827 1,695,371,984

PROFIT & LOSS STATEMENT

Net interests inc. 60,843,506 57,425,830

Other income 28,121,371 30,187,258

Other expense (76.190.374) (73.031.730)

Net Profit/loss 12,774,503 14,581,358

PERFORMANCE RATIOS

Net Profity/Equity Capital 9.31% 11.41%

Net Profity/Total Assets 0.69% 0.86%

Equity Capital/Total Assets 7.40% 7.54%

For further financial information, please refer to our homepage on the website:

www.crvolterra.it

For official documents:www.crvolterra.it/display_pag.asp?id=95

Auditors: PricewaterhouseCoopers S.p.A 

Affiliated Companies (Under 20%)

Societa Aeroporto Toscano Galileo Galilei, Pisa 1.42%Cedacri SpA, Collecchio 6.099%FINEV-SGR S.p.A., Italy 4.999%Consorzio Formazione Volterra Soc Consortile 19.637%Promozione e Sviluppo Val di Cecina Srl, Cecina 5.720%PB SRL, Milan 2.890%Terre Dell'Etruria Soc.Coop.a.r.l., Italy 1.485%

PERSONNEL

PRESIDENTProf. Giovanni Manghetti  BOARD MEMBERSAvv Renzo Verdianelli, Rag Sergio Ninci, Rag Carlo Carli Maltinti, Cav Michele Di Gianni, Rag Giorgio Ghionzoli

Board of Statutory Auditors:

PRESIDENTRag Giovanni Del Chicca AUDITORSRag Lino Suvereti Rag Sergio Volterrani ALTERNATE AUDITORSDott Ciro Gennaro CorveseDott. Andrea Fidanzi

For further information, please contact: FINANCE & INTERNATIONAL DIVISION

Nicola Parenti – C.F.O. +39 0588 91370 nicola_parenti@crvolterra.itStefano Pitti – Vice C.F.O. +39 0588 91379 stefano_pitti@crvolterra.itLeonardo Rossi – International Dept. Coordinator +39 0588 91492 leonardo_rossi@crvolterra.it

MANAGEMENT: GENERAL MANAGERRoberto Pepi VICE GENERAL MANAGERAndrea Nacci