RCS MediaGroup: clarification regarding press coverage

Milan, November 22nd, 2006 - RCS MediaGroup, strengthened by its current international diversification, is also present on the Spanish market with the country’s second largest daily newspaper El Mundo and other publishing activities. As it has been several times declared in the past and, as indicated set forth in the strategic plan, the Group is interested into all the different growth opportunities on the international markets where it is already operating. However, with respect to today’s media coverage, we would like to make it clear that we are not involved in any formal negotiations and, least of all, in any due diligence procedures on the Spanish market.