SELEX Communications S.p.A. THE CODE OF ETHICS

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1. AIM AND GENERAL PRINCIPLES1.1 The company and the GroupThis Code (hereinafter referred to as the “Code of Ethics”) expresses the commitmentsand the ethical responsibilities in the conduct of business and corporate affairs undertakenby anyone carrying out transactions of any nature whatsoever with SELEXCommunications – Società per Azioni (hereinafter referred to as “SELEX” or“Company”).The principles and provisions of this Code of Ethics are binding on all the followingRecipients:- members of the Board of Directors, when setting targets, deciding activities,implementing projects, proposing investments and in any decision or action concerningthe Company's business performance;- members of the Board of Statutory Auditors when controlling and reviewing thecorrectness, in both form and substance, of the Company's activities and the operation ofthe internal control system;- the General Director, the Co-General Director, the Central Directors, the Directors andCorporate Executives, with regard to the Company direction activities, in connection withthe management of both internal and external activities;- employees and all the consultants with any type of contract with the company, includingon an occasional and/or merely temporary basis;- all those having commercial and/or financial relationships of any nature with theCompany;- representatives of directly or indirectly controlled Companies.All the Recipients of this Code of Ethics, in any case, intend their conduct to be honest,fair, reliable, diligent and in good faith, either in internal relations or in external relations.SELEX conducts its’ affairs in strict compliance with the law (the laws of Italy and ofthose countries where it operates), with market regulations and with the principles onwhich fair competition is based.No action in seeking to secure an exclusive advantage for the Company justifies theadoption of any conduct in contrast with these principles and any applicable law.1.2 The Code of EthicsSELEX considers it appropriate and necessary to adopt and issue a Code of Ethics whichexpresses the values to which all the Recipients must conform, by acceptingresponsibilities, structures, roles and rules for whose breach they are liable towards thePage 4 of 20
Company and in law, even where it does not entail any third party liability for theCompany. Knowledge and observance of the Code of Ethics by all those who work withor for SELEX is therefore essential in maintaining transparency and upholding theCompany’s reputation. SELEX shall also bring the Code of Ethics to the attention of allthose with whom it has business dealings, who shall be required to know and abide by therules contained herein.Within the system of internal control, the Code of Ethics represents a management toolfor an ethical conduct in business affairs, an effective element of corporate strategy andorganization and an integral part of both the Organizational, Management and ControlModel and of the system of sanctions, in relation to the alleged breaches of the rulesestablished by SELEX pursuant to Articles 6 and 7 of Legislative Decree no. 231 of 2001and based on the code of conduct drawn up by Confindustria for the purposes of Article6, paragraph 3, of the above Legislative Decree.The responsibility for the implementation of the Code of Ethics, its application andupdating is a duty of the directors and employees of Selex, who shall report any noncomplianceor failure to apply, to the special-purpose body called “the Surveillance Bodypursuant to Legislative Decree 231/01”. Such Body may put forward proposals for theintegration or amendment of its provisions, submitting them to the examination of theBoard of Directors of the Company.In this respect, SELEX has set up the Surveillance Body overseeing the operation of, andcompliance with, the Organizational Management and Control Model adopted for theprevention of the above mentioned crimes and offences, and with the present Code ofEthics.1.3 The application within the GroupThis Code of Ethics expresses therefore the guide values to which the activities of thecompanies controlled by SELEX must aspire.In this respect, SELEX is to submit its own Code of Ethics to its controlled companies sothat those companies (following any possible integration of the same Code of Ethics inrelation to specific circumstances), shall formally adopt the Code of Ethics as a device formanaging and as an effective component of the corporate strategy and organization. As aconsequence of this circulation, the principles of this Code of Ethics shall apply to allSELEX controlled companies and shall be binding in driving the behaviours of allSELEX Recipients.Furthermore, all SELEX controlled, affiliates, participating companies and all SELEXsuppliers are required to keep their conduct in line with the principles of this Code ofEthics.Page 5 of 20
Page 2 and 3: INDEX1. AIM AND GENERAL PRINCIPLES.
Page 6 and 7: 2. GENERAL PRINCIPLES2.1 Compliance
Page 8 and 9: The Recipients must therefore rule
Page 10 and 11: protocols are drafted, properly int
Page 12 and 13: accordance with any prescribed mand
Page 14 and 15: suspected of, being part of, or as
Page 16 and 17: the relationship with public instit
Page 18 and 19: also on the basis of the submission
Page 20: depending on their respective respo

SELEX Communications S.p.A. THE CODE OF ETHICS

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