The Board of Directors of Sabaf SpA has acknowledged the resignation of Director Gregorio Gitti and, in accordance with the provisions of the law and by-laws, co-opted Maria Chiara Franceschetti to join the Board of Directors of the company to replace Gregorio Gitti starting on May 7, 2013 and until the next shareholders' meeting. Maria Chiara Franceschtti is on the Board of Directors of Gefran S.p.A., where she is the Director of Human Resources. The board also verified that Maria Chiara Franceschetti has the autonomy requirements required by the TUF and the code of corporate governance by Borsa Italiana.