Appointment of Claudio Costamagna as Chairman

On 20 June 2012, the AAA’s Board approved the appointment of Claudio Costamagna as Chairman.

Mr. Costamagna has been on the Board of the Company since January 2010. He was previously the Chairman of Goldman Sachs Investment Banking division for Europe, Middle East and Africa and has 20 years of investment banking experience, holding senior positions at Citibank and, before, at Gruppo Montedison.

Claudio Costamagna is the founder and Chairman of the financial advisory boutique CC & Soci and holds a number of non-executive Board positions including Luxottica Group, Il Sole 24Ore, DEA Capital, Virgin Group Holding Company and FTI Consulting.

He is also a member of the International Advisory Board of Università Bocconi and is founder and chairman of AdviseOnly.