• Increase in revenues (+3.9% Q3-07 vs. Q3-06; +5.0% 30 Sep-07 vs. 30 Sep-06)
• GOP slowdown (-3.2% Q3-07 vs. Q3-06; -2.3% 30 Sept.-07 vs. 30 Sep-06) due to costs increase not fully offset by price evolution; positive scope effectbut negative forex impact
• Net profit (-12.9% Q3-07 vs. Q3-06; -10.7% 30 Sep-07 vs. 30 Sep-06) penalised by increase in financial charges and taxes

Slight decrease in volumes in Europe expected for FY-2007; decline in North Americahandicapped by Q1 but growth in Emerging Countries. Positive price trend almost inall areas

Continuing expansion in the Emerging Countries both in cement and ready-mixconcrete and aggregates.

Recent inclusion in the Dow Jones Sustainability Index is an important recognition ofItalcementi’s long-standing commitment to sustainability.