AIM Italia - Ernesto Mocci - Methorios Capital

IKF‣ In the first half of 2010, IKF recorded consolidated sales of € 25 mln that was asignificant increase on € 12.6 mln reported for the first half of 2009. 99.2% ofrevenue for the first half of 2010 was attributable to PKarton Spa.‣ Consolidated EBITDA in the first Half of 2010 was recorded at € 0.3 mln, thatwas down from the € 0.8 mln recorded for the first half of 2009. EBITDA forthe PKarton business unit came in at € 0.7 mln, that was down on the € 2.1 mlnfor the 1 half of 2009, negatively impacted by increased costs.‣ In the first hlf half of 2010, IKF recordedrd d anet loss of € 2.3 mln thatt was down onthe net loss of € 47,000 over the same period the year prior. The PKartonsubsidiary experienced a Net loss of € 1.7 mln for the fist half of 2010 that wasa further decline on the net loss of € 0.4 mln of the year prior.Group structureBoard of DirectorsElena Matous Radici PresidenteMichele Contrini Executive Vice ChairpersonRoberto Conti Vice ChairmanLuigi BergozzaDirectorRoberto Conti DirectorAldo Galbiati DirectorGaetano Felli DirectorAdriano Pizzi DirectorNatali & Partners Financial AdvisorUgf Merchant Spa NomadBanca Finnat SpecialistMazarsAuditorSources: Company financialsPKarton SpaIKF Spa73% 70%73% 70%EnergiaRoccavione SrlImmobiliareRoccavione SrlExcellenzeAlimentariItaliane SpaIKF Holders Total of shares out (%)Golem SpA 22.79Gaetano Felli 15.20Cartiera Italiana SRL 11.68Paper Stock International SpA 10.14Giovanni Verzoletto 5.7Euco Srl 5.6Giovani Natali 2.9Meridie SpA 1.99Unipol Merchant S.p.A. 0.99Investimenti e Sviluppo S.p.A. 0.53Natali & Partners SRL 0.45Market 22.03Sources: Company financialsSources: Company website and Ipreo Big Dough53