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Remuneration for the position and powers and other terms

Based on the provisions of the Board of Directors at the meeting of 31 May 2016, the remuneration of the Chairman of the Board of Directors includes an annual gross fixed payment for the position of € 270,000, including the annual fixed pay for Directors established by the Shareholders’ Meeting, in addition to the refunding of expenses incurred in relation to the position.

With regard to the nature of the position, there is no provision for: i) short-or long-term variable incentive components; ii) agreements concerning severance pay; iii) benefits.

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