Reply SpA

The Company can designate for each general meeting one or two persons to whom confer the voting rights with
specific instructions for one or more proposals on the agenda. The designated persons, the means and terms of the
conferred delegation are communicated on the notice calling the general meeting.
The company does not deem necessary the adoption of an Annual General Meeting legislation (aimed at regulating
the running of the meetings), as the Company’s by-laws provide adequate provisions concerning the matter.
17. Other Corporate Governance practices
System of company’s operational procedures – in order to properly apply the company’s regulations and to reduce
risks connected to the fulfillment of company objectives, Reply S.p.A. has adopted a set of procedures that regulate
internal processes, ruling the activities carried out by the single functions and relations with other departments;
please refer to what has been described at the paragraph Internal Control System.
18. Changes subsequent to the year end close
Following the year end close no significant changes have been made to the structure of the Corporate Governance.
On 24 January 2011 the Board of Directors nominated Mr. Daniele Angelucci as Chief Executive Officer having the
responsibilities of the Finance and Administration departments previously headed by the Chief Executive Officer,
Mr. Sergio Ingegnatti.
Turin March 15, 2011
/s/ Mario Rizzante
For the Board of Directors
The Chairman
Mario Rizzante
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