Astaldi events of the week

All,

Astaldi have this week hired Paolo Amato (Alitalia) into CRO position. Paolo has a reputation to loose and is a prominent and competent appointment underscoring that Project Italia is on track. Separately, Pietro Salini has given a press interview on the project - explaining the rationale for the general public and all stake holders involved. 

We interpret both these events very positively for Astaldi bondholders - and possibly all Italian construction investors - and continue to hold our position.

Wolfgang