FASTWEB: Silvio Scaglia will underwrite new sharesfor a minimum aggregate value of 40 million Euro

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Press release 28/02/2005
Milan, 28 February 2005 - In the context of the share capital increase approved by the FASTWEB EGM on 18 February, Silvio Scaglia, Chairman and founder of FASTWEB (Milan, Nuovo Mercato: FWB), following the finalization of a financing facility, informed the Company that all the conditions are now in place for him to underwrite new shares for a minimum aggregate value of 40 million Euro.

In the context of the share capital increase

Milan, 28 February 2005 - In the context of the share capital increase approved by the FASTWEB EGM on 18 February, Silvio Scaglia, Chairman and founder of FASTWEB (Milan, Nuovo Mercato: FWB), following the finalization of a financing facility, informed the Company that all the conditions are now in place for him to underwrite new shares for a minimum aggregate value of 40 million Euro.