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2007 Stock Option Plan

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					Mandatory public notification (as per CONSOB Regulation N° 11971 of May 14, 1999 and subsequent changes).

PRESS RELEASE

MONDADORI: ALLOCATIONS FOR THE 2007 STOCK OPTION PLAN
Segrate, 25 June 2007 - The Board of Directors of Arnoldo Mondadori Editore S.p.A. today approved the allocation of option rights for the 2007 Stock Option Plan, for options pertaining to the three-year period 2006-2008, as resolved by the AGM of 26 April 2006. The plan, which has already been communicated to the market, involves the allocation to participants of, personal and non-transferable, option rights, for the acquisitio of Mondadori ordinary shares from treasury stock, on a one-share-per-option basis. The Board of Directors has approved the allocation of a total of 2,940,000 option rights to a total of 74 participants, from the categories identified by the AGM resolution of 26 April 2006 (executives of the company and its subsidiaries whose responsibilities have a significant impact on the attainment of the company’s strategic objectives; directors of the company or one of its subsidiaries; journalists employed by the company or one of its subsidiaries with the position of editor-in-chief or co-editor; executives of the parent company with the position of director who carry out their functions in the interest of the company). The allocated shares amount to a total of 1.13% of the company’s share capital. The Board of Directors has established attainment of the performance indicators relating to ROE and free-cash flow, as the condition for the exercise of such options allocated for 2007. Subordinate to these requirements, the exercise of options on allocated shares for 2007 may be made only after a period of 36 months from the date of the allocation. The exercise price is equal to the arithmetic average reference price for Mondadori shares, between the period from the date of allocation (i.e. today) to the same date of the previous month. § The Board of Directors also approved a statutory modification to comply with legislative decree 58/1998 (TUF), of law n° 262 of 28 December 2005 n. 262 and legislative decree n°. 303/2006.

Such statutory modifications concern: the nomination process and professional requisites of executives responsible for the preparation of the company’s accounts, as per art. 154 -bis of the TUF;

Arnoldo Mondadori Editore S.p.A. Sede legale: Milano C.F. e Reg. Imprese 07012130584 R.E.A. 1192794 P.I. 08386600152 Capitale sociale € 67.451.756,32

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in line with the above mentioned norms and the regulations for issuers outlined by CONSOB (the Italian stock exchange commission), rules regarding the nomination of the Board of Directors and the Board of Statutory Auditors by means of a voting list system.

As regards the minimum stake required for the presentation of lists, the statute refers to the percentage which, as per regulations for issuers, will be determined annually by the CONSOB on the basis of the average market capitalisation of the companies in the last quarter of each year. In practice, as per current conditions, the minimum stake required for the presentation of lists for the nomination of Mondadori’s Board of Directors and the Board of Statutory Auditors is 2% of the share capital.

Press office Mondadori Tel. +39 02 75423159 - Fax +39 02 75423637 email: rapportistampa@mondadori.it - www.mondadori.it


				
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posted:7/25/2009
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