Common use of Listing Clause in Contracts

Listing. (i) Listing Application will be made for listing the Certificates on the official list of Borsa Italiana S.p.A. and admission to trading on SEDEX of Borsa Italiana S.p.A.. (ii) Admission to trading Application will be made for the Certificates to be admit- ted to trading on the SeDeX market of Borsa Italiana S.p.A. on 15 May 2009. The Issuer (the "Market Maker") has undertaken to pro- vide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana S.p.A., where the Certificates of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total expenses related to admis- sion to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.

Listing. (i) Listing Application will be made for listing the Certificates on the official list of Borsa Italiana S.p.A. and admission to trading on SEDEX of Borsa Italiana S.p.A.. (ii) Admission to trading Application will be made for the Certificates to be admit- ted to trading on the SeDeX market of Borsa Italiana S.p.A. on 15 May 2009. 2009 The Issuer (the "Market Maker") has undertaken to pro- vide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana S.p.A., where the Certificates of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total expenses related to admis- sion to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.

Listing. (i) Listing Application will be made for listing the Certificates on the official list of Borsa Italiana S.p.A. and admission to trading on SEDEX SeDeX market of Borsa Italiana S.p.A.. (ii) Admission to trading Application will be has been made for the Certificates to be admit- ted admitted to trading on the SeDeX market of Borsa Italiana Ital- iana S.p.A. on 15 May 2009. The Issuer (also the "Market Maker") has undertaken to pro- vide provide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana Ital- iana S.p.A., where the Certificates of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized organ- ized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total expenses related to admis- sion admission to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.Not Applicable

Listing. (i) Listing Application will be made for listing the Certificates on the official offi- cial list of Borsa Italiana S.p.A. and admission to trading on SEDEX of Borsa Italiana S.p.A.. (ii) Admission to trading Application will be made for the Certificates to be admit- ted admitted to trading on the SeDeX market of Borsa Italiana S.p.A. on 15 May 2009. The Issuer (the "Market Maker") has undertaken to pro- vide provide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana S.p.A., where the Certificates Certifi- xxxxx of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized or- ganized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total expenses related to admis- sion admission to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.

Listing. (i) Listing Application will be made for listing the Certificates Warrants on the official list of Borsa Italiana S.p.A. and admission to trading on SEDEX of Borsa Italiana S.p.A..A. (ii) Admission to trading Application will be has been made for the Certificates Warrants to be admit- ted admitted to trading on the SeDeX market of Borsa Italiana S.p.A. on 15 May 2009. A.. The Issuer Warrant Debtor (the "Market Maker") has undertaken to pro- vide provide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana S.p.A., where the Certificates Warrants of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total Not Applicable expenses related to admis- sion admission to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.trading

Listing. (i) Listing Application will be made for listing the Certificates Warrants on the official list of Borsa Italiana S.p.A. and admission to trading on SEDEX of Borsa Italiana S.p.A..A. (ii) Admission to trading Application will be has been made for the Certificates Warrants to be admit- ted admitted to trading on the SeDeX market of Borsa Italiana S.p.A. on 15 May 2009. A.. The Issuer Warrant Debtor (also the "Market Maker") has undertaken to pro- vide provide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana S.p.A., where the Certificates Warrants of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total expenses related to admis- sion admission to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.Not Applicable

Listing. (i) Listing Application will be made for listing the Certificates on the official list of Borsa Italiana S.p.A. and admission to trading on SEDEX of Borsa Italiana S.p.A.. (ii) Admission to trading Application will be made for the Certificates to be admit- ted admitted to trading on the SeDeX market of Borsa Italiana S.p.A. A on 15 May 2009. 15.05.2009 The Issuer (the "Market Maker") has undertaken to pro- vide provide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana S.p.A., where the Certificates of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total expenses related to admis- sion admission to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.

Listing. (i) Listing Application will be made for listing the Certificates on the official list of Borsa Italiana S.p.A. and admission to trading on SEDEX SeDeX market of Borsa Italiana S.p.A.. (ii) Admission to trading Application will be has been made for the Certificates to be admit- ted admitted to trading on the SeDeX market of Borsa Italiana Ital- iana S.p.A. on 15 May 2009. The Issuer (also the "Market Maker") has undertaken to pro- vide provide liquidity through bid and offer quotes in accordance with the market making rules of Borsa Italiana Ital- iana S.p.A., where the Certificates of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets organized organ- ized and managed by Borsa Italiana S.p.A., and the relevant instructions to such rules. (iii) Estimate of total expenses related to admis- sion admission to trading EUR 700.00 54. Ratings The Instruments to be issued are not expected to be rated.Not Applicable