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This excerpt taken from the LUX 20-F filed Jun 28, 2006. Poste Italiane S.p.A. (Italian Mail) or other
intermediaries effecting such transactions on behalf of residents or
non-residents of Italy are required to maintain records of such transactions
for five years, which may be inspected at any time by Italian tax and judicial
authorities. Non-compliance with these reporting and record-keeping
requirements may result in administrative fines or, in the case of false
reporting and in certain cases of incomplete reporting, criminal penalties. The
This excerpt taken from the LUX 20-F filed Jun 29, 2005. Poste Italiane S.p.A. (Italian Mail) or other
intermediaries effecting such transactions on behalf of residents or
non-residents of Italy are required to maintain records of such transactions
for five years, which may be inspected at any time by Italian tax and judicial
authorities. Non-compliance with these reporting and record-keeping
requirements may result in administrative fines or, in the case of false
reporting and in certain cases of incomplete reporting, criminal penalties. The
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