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BNP Paribas owns 99.14% of BNL ordinary shares

BNP Paribas is pleased to announce that it owns 99.14% of BNL's ordinary capital following its residual offer, which ended on July 20th. BNL ordinary shares will be delisted on July 26th 2006.

BNP Paribas will launch the squeeze out process of the 0.86% of BNL ordinary shares which have not been tendered in the coming days. This proccess should be completed within four months following the delisting of BNL ordinary shares. This process requires the nomination by the Court of Rome of a legal expert who will set the squeeze out price.