Today Immobiliare Grande Distribuzione S.p.A. and Beni Stabili S.p.A. signed an agreement for the creation of a Joint Venture, equally participated, finalized at the creation of the company “RGD Riqualificazione Grande Distribuzione” with the aim to acquire and valorize the already existing Shopping Centres.

IGD S.p.A., signed a contract with the Eurocommercial Properties group, selling the new addition of the Centro Leonardo shopping centre in Imola (Bologna) at the price of € 43.03 million

IGD S.p.A., signed a preliminary contract with Santoni Costruzioni group, an unaffiliated company, for the purchase of 100% of a company owning the MILLENNIUM mall in Rovereto (Trento), S.r.l.

IGD S.p.A., signed a preliminary agreement with Coop Lombardia, for the purchase of 100% of the subsidiary Larice S.r.l., a real estate company that owns the shopping mall of the shopping centre CENTROSARCA in Sesto San Giovanni (Milan)

IGD S.p.A., signed a preliminary agreement to purchase 15,000 square meters of property in Conegliano Veneto from I.C.I. INDUSTRIALE COMMERCIALE IMMOBILIARE SRL, a non-related party

Following the previous press release dated 7/8 June 2006, IGD S.p.A. informs that Kepler Equities Italia, on the 08/06/2006 completed the private placement of n. 5,644,985 IGD ordinary shares, equivalent to 2% of the ordinary share capital of the company