Statutory Financial Statements of directly controlled subsidiaries

SORGENIA HOLDING S.p.A.

GRUPPO EDITORIALE L’ESPRESSO S.p.A.

SOGEFI S.p.A.

KOS S.p.A.

DRY PRODUCTS S.p.A.

CIR INTERNATIONAL S.A.

CIGA LUXEMBOURG S.A.

JUPITER FINANCE

CIRINVEST S.p.A.

NEXENTI S.r.l.