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During 2003, the Mediolanum Group began the project for making the transfer
to IAS/IFRS. After preliminary assessment was conducted to analyse the accounting and organisational impact of applying the international accounting principles to the Mediolanum Group companies. All the actions necessary for implementing the project to convert to international accounting principles were identified. With respect to the progress in the Mediolanum Group's transition to IAS/IFRS as Consob has permitted issuers to approve the IAS/IFRS-compliant H1 report and financial statements by the extended deadline of September 30, 2005, Mediolanum S.p.A hereby announces that it intends to proceed to the first-time adoption of the IAS/IFRS international accounting standards ahead of time, i.e., upon the preparation of the consolidated H1 report at June 30, 2005 rather than with the Q3 report at September 30, 2005, as was previously communicated. |
