Press Release

Milan, 27^th September 2004 - Today Mr. Gianni Vallardi and RCS Quotidiani have decided together to terminate the collaboration between Mr. Vallardi and the Publishing Group, in the light of the organizational and management changes under way inside RCS Group. RCS wants to thank Mr. Vallardi warmly for his work and his relevant results in the different sectors of activity during all his stay inside RCS group. The company likewise wants to wish him all the best for his new professional engagements. Vittorio Colao, the Chief Executive Officer and Director General of RCS MediaGroup, will guarantee the managerial continuity at RCS Quotidiani.