Teleunit SpA

('Teleunit' or 'the Company')

Notice of Shareholder Meeting

The Company has convened a Shareholder Meeting to be held at 14:00 on 16 September 2008 at the Company's offices, Via Monteneri snc, S. Andrea delle Fratte, Perugia, PG, Italy. In line with Italian Law, should a quorum not be reached on 16  September voting will be put to a second Shareholder's Meeting convened for the 19th of September at 14:00 at the Company's offices.

At the meeting, the following resolutions will be put to Shareholders: 

• proposal to evaluate a change in the Board from the current structure to the Italian structure, whereby Board Committees are substituted by a single independent 'Colleggio Sindacale' responsible for control and corporate governance matters; 

• proposal to evaluate the distribution to investors of a portion of TLU's Share Premium; 

• to provide the Company with authorisation to buy-back Teleunit shares to be held in treasury.

According to Italian Law, in order to vote, Shareholders must deposit a copy of Share Certificates at the Company's legal offices at least 2 days before the first Shareholder's Meeting.  

The results of the meeting will be notified to the market as soon as practicable following its conclusion.

Enquiries: