Clarification on the proposed allocation of profit resulting from the 2017 financial statements

 

With regard to the 2017 Annual Financial Report, published on 29 March 2018, mention should be made that, owing to a mere clerical error, the proposed allocation of profit resulting from the financial statements for the year ended 31 December 2017 appearing on page no. 397 of the 2017 Annual Financial Report, makes no reference to the application of the provisions of art. 2430 of the Italian Civil Code.

The proposal should, therefore, be supplemented as follows:

“The Shareholders’ Meeting of Arnoldo Mondadori Editore S.p.A., convened in ordinary session, with regard to the profit of 30,417,414.68 euro resulting from the Financial Statements at 31 December 2017

resolves

to fully allocate profit for the year at 31 December 2017 of 30,417,414.68 euro to the Extraordinary Reserve under “Other reserves and profit/loss carried forward”, prior to allocation of 105,482.42 euro to the Legal Reserve.”

The 2017 Annual Financial Report – to be read, limited to the proposed allocation of profit for the year, together with this press release – is available at the Company’s registered office, at the authorized storage mechanism 1INFO (www.1info.it) and on the website www.mondadori.it (Governance Section).