November 2001 ZIGNAGO GROUP

2 ZIGNAGO CONSOLIDATED RESULTS ___________________________________________________________________________ THIRD QUARTER 2001 AND YEAR 2000 ___________________________________________________________________________

3 SALES AT Euro 171 Million (+ 2.9% from 2000) EXPORT Euro 54 Million (+5,9% from 2000)

4 SALES AT Euro million (+ 9.7% from 1999)

5 Group Profit & Loss

6 Group Financial Highlights

7 Group Performance ‘93 - ‘00 SALES+ 98% EBITDA+ 170% EBIT+ 268 % Trend of Net Sales and EBIT Euro ml.

8 Group Performance ‘93 - ‘ EBITDA 18.3% 25.0% EBIT 9.3% 17.3% EBITDA and EBIT as a % of Sales

ZIGNAGO A company with three lines of business GlassWinesLinen yarns 9

10 Glass Containers

11 Products for the food and beverage, cosmetics and pharmaceutical sectors

Glass Containers 12 Results at 30 September 2001 Euro ml.

Glass Containers 13 Expectations Market Outlook Growing demand for “environmentally friendly” containers (EU guidelines) Food industry focusing on Mediterranean products requiring glass containers World-wide increase in consumption of “personal hygiene” products with a higher demand for high value-added glass cosmetic containers Steady demand for pharmaceutical containers Performance Above average performance should continue

Glass Containers 14 Strategic Goals Objectives Internationalise food segment Increase growth in cosmetics and flacons Further strengthen technological and production leadership Look for acquisitions, JVs or alliances Increase Group value

15 Fine Wines

16 Fine Wines Ranks among the top Italian producers of premium, fine and sparkling wines Sales of 14 million bottles in 2000 Over the past 10 years, Santa Margherita’s Pinot Grigio has been the best selling European wine in US restaurants Unique multi-regional brands. Wide product range from top wine areas in Italy: Santa Margherita Veneto and Trentino Alto Adige Torresella Veneto Kettmeir Trentino Alto Adige Cà del Bosco Franciacorta Lamole and Vistarenni Chianti - Tuscany Well balanced distribution channel in Italy Exports 54% of total sales Ca’ del Bosco leader in top segment

17 Fine Wines Results at 30 September 2001 Euro ml.

18 Fine Wines Expectations Market Outlook Further increase in world-wide consumption of high-quality wines Consumption of red wines continues to grow Faster export-driven growth Performance Higher profits

19 Fine Wines Strategic Goals Objectives Internal growth through development and reinforcement of current company portfolio (Increase red and high-quality wines) External growth through acquisitions and development of estates that produce high-quality wines with a high brand potential Increase Santa Margherita brand awareness Increase Group value

20 Linen Yarns

21 Linen Yarns Wet and dry spun linen yarns in both long staple and tow, dyed and unbleached Production capacity of 4,300 tons in 2000 Second largest manufacturer in Europe Number one in the world by product range Unrivalled value-added production with unique integrated dyeing process Sales breakdown: clothing 70%, furnishings 30% Direct export: 34% of sales

22 Linen Yarns Results at 30 September 2001 Euro ml.

23 Linen Yarns Expectations Market Outlook Fashion is still driving demand for high quality linen and dyed yarns Increased awareness of natural fibres by consumers Market fluctuations are becoming less cyclical Performance Above average performance should continue

24 Linen Yarns Strategic Goals Objectives Continue to grow in the fashion segment Reduce costs, implement services Take advantage of new technologies developed at company level Look for acquisitions

25 Zignago Share Performance of Zignago vs. MIBTEL last five years. Zignago Mibtel Zignago - Mibtel Source: HOOVER’S

26 Performance per Share

27 Share Value Creation Focused on Shareholders’ Value