Today in Ravenna, the Shareholders’ Meeting of IGD SpA approved the 2004 financial statements and the Board of Directors’ proposal to distribute a 0.02 euros per share dividend

IGD S.p.A., following the Consob communication DME/5015175 and pursuant art. 66of Consob Regulation 11971/1999, states that it has initiated the analysis of the procedures for the transition to IAS/IFRS accounting standards and that they, at the present date, have not been implemented yet

Today, Banca Caboto – Global Coordinator of the Italian Public Offering of the ordinary shares of IGD S.p.A., together with JP Morgan and Unipol Merchant – exercised in whole, on behalf of the Institutional Managers, the greenshoe option by subscribing n. 9.550.000 ordinary shares of IGD, equivalent to 10% of the total amount of the Global Offering

IGD, pursuant to art. 2.6.2, 1° paragraph, lett. C) of the “Regulation of the Markets organized and managed by Borsa Italiana S.p.A.” approved the 2005 financial calendar

The Board of Directors of Immobiliare Grande Distribuzione S.p.A., resolved to fix in Euro 1.45 per share (of which € 0.45 as share premium) the final price of the issue of the shares resulting from the capital increase

The Board of Directors set the Maximum Price at Euro 1.55 per ordinary share and the Minimum Price at Euro 1.30 per ordinary share. The Italian Public Offering will commence on Monday 31 January and will end on Friday 4 February

CONSOB authorized the publication of the Informative Prospectus for the Italian Public Offering (IPO) of ordinary shares of IGD S.p.A., a company owned by Coop Adriatica and Unicoop Tirreno operating in the retail segment of the real estate sector