Code of Conduct - Indesit

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Approved by the Board of Directors on the 25 th March 2010 It is forbidden to pay dividends which have not actually been made or are destined to become reserves or to pay as dividends the capital reserves that are not payable. It is forbidden to carry out share capital reductions , mergers or demergers in violation of the law on the protection of creditors. It is forbidden to fictitiously create or increase the capital of the Group’s companies, through issuing stocks or shares for sums inferior to their nominal value, mutual subscription of stocks or shares, considerable overvaluation of goods , credits or assets of the Company. It is forbidden to carry out any kind of illegal transaction on stocks or shares of the Company and its subsidiaries. Any kind of transaction which could cause damage to creditors is forbidden. It is forbidden for liquidators to embezzle business assets. 4.4.3 Voting in general meetings It is forbidden to determine false majorities in the general meetings of the Group companies with simulated and fraudulent proceedings. 4.4.4 Authorization and documentation of transactions All operations and transactions of the companies of the Group must have suitable accounting registration. There must be an appropriate document to support each operation and transaction, with the aim of being able to carry out checks in any moment that certify the characteristics of and the reasons for the operations and identify who has authorized, carried out, registered and checked the operation. 4.4.5 Fictitious operations and misleading registrations It is forbidden to conduct oneself in such a way or to make omissions which could lead to the registration of fictitious operations or transactions or the misleading registration of operations and transactions. 4.4.6 Collaboration in the activities of controlling The communications to the control bodies (shareholders , committee for internal control, the Statutory Board of Auditors or the equivalent, Internal auditors, external auditors, OdV) must be truthful and correct. It is forbidden to hinder or impede the activities of control attributed to the above bodies. 4.5 Rules of conduct in the field of terrorist offences or subverting democratic order Indesit Group condemns and forbids any kind of financing, direct or indirect, of terrorist or subversive activities. All Persons, Collaborators and Third parties are expressly forbidden to: • Carry out, promote, collaborate or give cause to conduct that, taken individually or collectively, include these offences, directly or indirectly. • Promote, establish, organize or lead associations which propose to commit acts of violence with the aim of subverting democratic order. 12
Approved by the Board of Directors on the 25 th March 2010 • Supply products, or carry out any commercial and/or financial operation, either directly or through a third party, with subjects – either real people or legal personalities - which intend to carry out terrorist offences. In particular, the Persons, Collaborators and Third parties must respect the international laws of embargo and controls on exportation in force in the countries in which the Group operates. 4.6 Rules of conduct in the field of offences against individual persons Indesit Group adopts company policies which are consistent with the rules and principles set down by the law directed towards fighting offences against individual persons. All Persons, Collaborators and Third parties must keep to the principles which they follow. 4.6.1 Reducing to or keeping in slavery or servitude. Slave trade. Purchasing and alienation of slaves. The Company offers all workers the same opportunities. In 2001 an agreement was signed between Indesit Company SpA and the principle Italian union organizations (FIM FIOM UILM) as well as FISM (Federazione Internazionale Sindacati Metalmeccanici / International Metalworkers’ Federation) in which Indesit has committed itself to: Respecting fundamental human rights, Preventing the exploitation of children, Not using forced labour or labour carried out in conditions of slavery, Not allowing children under the age of 15 or within the age of compulsory education of the countries concerned to work. In accordance with this code, these principles apply to all companies of the Group. Furthermore, Indesit Group is committed to not having business relationships with suppliers who do not accept the above principles. 4.7 Rules of conduct in the field of offences of abuse of privileged information and of manipulation of the market Indesit Company adopts company policies consistent with the rules and the principles set out by laws aimed at fighting crimes of abuse of privileged information and the manipulation of the market. All Persons, Collaborators and Third parties are obliged to keep to the rules of conduct to prevent and impede the occurrence of such offences, in the most rigorous respect for the specific procedures and rules in force in Indesit Group. Indesit Company and the companies of the Group promptly communicate Privileged Information to the market, respecting the criteria for accuracy, clearness, transparency, continuity and quality of access to information. 4.8 Rules of conduct in the field of transnational offences With the aim of preventing and impeding the occurrence of such offences, all Persons, Collaborators and Third parties must: 13
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Code of Conduct - Indesit

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