The Bulgari Group announces the resignation of its Chief Financial Officer Alberto Nathansohn and the reorganization of its top management

Rome, March 16th 2009 – The Bulgari Group announces that Mr. Alberto Nathansohn, Chief Financial Officer since May 2006, will leave his position to seize new professional opportunities.
The resignation will be effective from the end of April, when the Annual General Meeting will approve 2008 financial statements.

In light of the cost control activity, carried out since the fourth quarter of last year to face the difficult macroeconomic environment, and to achieve a greater efficiency, to coincide with the resignation of Mr. Nathansohn the Group has undertaken an internal reorganization of its top management: Mrs. Flavia Spena, currently Corporate Human Resources, Organization and Information Technology Executive Vice President, will also take the Corporate Finance and Administration responsibilities, previously held by Mr. Nathansohn.
Mrs. Renata Casaro will continue to manage the relations with analysts and investors thus reporting, together with the Corporate Legal Department, to Mr. Francesco Trapani, Chief Executive Officer of the Group.

Mrs. Flavia Spena holds a Degree in Business and Economics, a Master in Business Administration at the SDA Bocconi University and is enrolled in the Italian Register of Professional Chartered Accountants. Before joining Bulgari, she was responsible for the organizational structures and processes at Autostrade SpA. Mrs. Spena has been working in Bulgari for about twenty years, since 1990 as Corporate Human Resources Organization and Development Manager and since 1992 as Corporate Human Resources, Organization and Information Technology Executive Vice President, responsible for human resources organization, development, salary policy, training, internal communication, and information technology for the Bulgari Group worldwide.

Francesco Trapani, Chief Executive Officer of the Bulgari Group, thus commented:
“I would like to thank Alberto for his precious contribution and I wish him all the success he deserves in his new professional path. I am also sure that Flavia, thanks to her proved managerial skills and to her in-depth knowledge of the Company achieved in almost twenty years, will hold her new position at best and, together with all the management involved in the reorganization, will effectively support us during the difficult upcoming months, showing once again how talent, passion and drive for excellence have always been a human and professional asset of the Group”.

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For further information

Media Relations
Paolo Piantella
Corporate Financial Press Office Director
tel. +39 06 68 810 593

Analysts / investors relations
Renata Casaro
Investor Relations Director
tel. +39 06 68 810 467

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