“ Building a Global Community” ONCE Global Summit 2005 May 4 – 6, 2005 Milan, Italy Hosted by i-Faber ( Sponsored by:

Welcome to i-Faber Unicredit Group Paolo Cederle Chief Executive Officer i-Faber

Executive Summary i-Faber, Italy’s leading provider of internet-based procurement solutions, is capable of increasing the efficiency of the purchasing process while delivering reduced costs, improved execution and increased profitability i-Faber runs the largest many-to-many eMarket in Italy, one of the largest in Europe, ranked in terms of throughput, with transaction of $1.2 bln in 2004 and forecasted volumes of $1.8 bln in 2005 The company has reached EBITDA break-even in the entire second half of 2004, 3 years since market launch, and will have positive net income in 2005 The main driver of i-Faber’s business model has been centered on the development of market liquidity in a number of vertical sectors and specific products categories, for which it has become the true point of reference for procurement professionals

i-Faber’s Shareholders i-Faber’s largest shareholder, Unicredit Group, is Italy’s largest bank by assets under management and is ranked 1 st in terms of profitability (5 th in Europe) 2004 net income $2.1 bln Current market cap $28.0 bln Listed on the Milan exchange, ERG is the largest privately-held oil refining and distribution company in Italy. It’s 2004 revenues amount to $9.0 bln with net income of $128 mln Doubled its market cap in 2004 Operates nearly 2’000 gas stations Impregilo Group is Italy’s largest construction and engineering company with annual revenues of $3.8 bln currently active in more that 22 large engineering projects world-wide 2003 net income $64.7 mln i-Faber’s technological partner, Oracle, powers the 1city.biz marketplace through the OEX platform.

Latest Figures i-Faber has matured a broad set of experiences through the usage of its negotiation platform, 1city.biz, by over 200 large corporate buyer companies, both public and private, and vendor organizations registered to the marketplace

Clients by industry Banking and InsuranceOil & GasConstruction & Engineering CE/White GoodsPharmaceuticalPublic Utility & Services Industrial GoodsItalian Luxury BrandsFood & Beverage

More on i-Faber later… A “unique” business model An evolving market The future The Procurement Executive Circle (PEC) Initiative