S.L. 506.1 Art. 7Rateofinterestand dates of payment.

Interest shall be paid at the floating rate linked to the six-

month Euribor in effect on the applicable interest determination date, plus a spread of 45 basis points (bps) calculated on Day Count Fraction (Actual/360) for every Euro 100. The spread of 45bps is fixed and applicable until the maturity of the Stock. Interest shall be payable half yearly in arrears on the 18th day of May and the 18th of November in every year for the duration of the Stock. The first payment covering the period from the 18th May, 2011 to the 17th November, 2011 (both days inclusive) shall be made on the 18th day of November, 2011.