Changes in Selecta Ownership

1
Changes in Selecta Ownership

• Nicola Muraro
• Vice Presidente Business Development
• Dubai, IPN Spring Meeting - April, 6th 2008

2
Changes in Selecta/Venturini Group ownership

• Carlo Venturini, Venturini Group president and
  major shareholder, sold his control share of the
  industrial companies of his Group to the Private
  Equity Fund 'i2 Capital Partners'.
• Main companies involved have been Selecta spa
  and Venturini DMC spa, with the sub-controlled
  Ira, IraWeb, Unitec
• International activities (Venturini Polska in
  Poland, Outputcenter in Slovakia) have been part
  of the deal
• 'I2 Capital Partners' is a Private Equity
  enterprise controlled by "i2 Capital Spa", an
  investment Fund participated by Intek and Intesa
  San Paolo Bank.
• The Investment Fund disposes of a capital of 200
  millions euro to buy control shares. Its main
  characteristic is to perform operations sometimes
  different from the traditional 'buyouts,
  participating in quoted companies, investing in
  stock packages, funds shares in secondary buyout,
  companies break up.
• The management has been confirmed.

3
The new structure after simplification
I2 Capital Partners 85
Gruppo Selecta srl
Direct Marketing Venturini DMC spa
Business Communication Selecta spa
Outputcenter (SK)
Venturini Polska (PL)
Unitec (ITA)
IraWeb (ITA)
4
Old branding
5
New branding
6
Governance

• Gruppo Selecta srl
• Managing Board (7 people)
• Marco Corradini (President CEO), Nicola Muraro
  (Vice-President Business Development)
• Italian operating companies
• Operating companies have a general manager who is
  Gianni Cabrini in Selecta spa and Venturini DMC,
  and is Carmelo Militano in Unitec srl and IraWeb
  spa
• International companies have local management

7
Basic facts and planned actions

• Basic facts
• Gruppo Selecta srl net assets20 million
• Proforma turnover 2007 78 mio/Euro
• Main planned activities are
• Drastic simplification in company structure
• Investment Plan finalized to reach 600 millions
  of produced envelopes for Italy and projection
  towards higher marginality markets (full-color
  Transpromo, small and medium customers,
  one-to-one marketing)
• International activities empowerment (Slovakia,
  Poland) and direct control by Selecta

8
Focus on 2 main activities

• Gruppo Selecta srl focuses are
• Transactional (Hybrid Mail)
• Direct marketing

9
Envelopes produced per year (Italy)
2008 Expected