In reference to FASTWEB's capital increase
Milan, January 17th 2005 - Silvio Scaglia, Chairman, founder and main shareholder of FASTWEB S.p.A. with a 30.1% stake in the Company, has underwritten with Deutsche Bank, the arranger of the operation, a lock-up agreement on 16,000,000 shares he owns as of today and for a period of 180 days beginning from the end of the capital increase operation.
Furthermore, Silvio Scaglia is willing to commit to underwrite the capital increase of FASTWEB (Milan, Nuovo Mercato, FWB), announced on January 14th by the Company, exercising as many as possible of his subscription rights.