THE MINISTER OF INDUSTRY TRADE AND CRAFTS Given the Decree-Law of 5 June 1986. 233, ratified by Law 1> August 1986, n. 430, concerning urgent provisions on compulsory administrative liquidation of the company 'fiduciary and audit and transitional provisions on trust management bodies; Given the judgment of 27 August 1988, by which the court of Turin, bankruptcy division, said the state of insolvency of the company '' Tecnofiduciaria - Societa 'fiduciary and auditing Spa ", with headquarters in Turin; Given the subsequent Ministerial Decree 8 September 1988, by which the company '' Tecnofiduciaria - Societa 'fiduciary and auditing Spa ", with headquarters in Turin, Piazza Solferino, 9, and' was placed in compulsory administrative liquidation, and it 'was He appointed a liquidator in the person of Professor. Alberto Jorio, born in Bologna October 24, 1940, with offices in Torino, Corso Vittorio Emanuele II n. 71; Given the Ministerial Decree of 25 February 1989, published in the Official Gazette of the Italian Republic n. 56 8 March 1989, with whom and 'was appointed the monitoring committee at the company' 'Tecnofiduciaria - Societa' fiduciary and auditing Spa "; Given the Ministerial Decree of 29 December 1988, by which and the compulsory administrative liquidation of the company '' was placed "Leasing Italy Srl", based in Saluzzo, as it appeared connected with the Spa Tecnofiduciaria, pursuant to and for the effects of ' art. 2, paragraph 1, letter c) and d) of the Decree-Law cited above as it had with the fiduciary uniqueness' of direction and this was funded on an ongoing basis; Given the judgment of 6 March 1991, it filed on March 15, 1991, by which the Court of Turin - Bankruptcy Section, has declared a state of insolvency of "Seraco Srl", based in Turin, Via S. Secondo n. 3, since the conditions envisaged by art. 2, paragraph 1, of the decree-law mentioned above, b) regarding the "Leasing Italy Srl" and letter c) as it had with the company 'fiduciary uniqueness' of management; It held that pursuant to art. 2, paragraph 1, letters b) and c) of the decree-law cited above, should be subject to compulsory liquidation the company '' Seraco Srl "; Decrees: 1. The societa ' "Seraco Srl", based in Turin, Via S. Secondo n. 3, and 'placed in compulsory liquidation. 2. In the above compulsory administrative liquidation procedure and 'responsible prof. Alberto Jorio, born in Bologna October 24, 1940, with offices in Torino, Corso Vittorio Emanuele II n. 71, as liquidator of Tecnofiduciaria Spa commissioner, appointed by Ministerial Decree September 8, 1988, published in the Official Gazette no. 217 of 15 September 1988. 3. At the same procedure and 'responsible altresi' the monitoring committee of the compulsory administrative liquidation of Tecnofiduciaria - Societa 'fiduciary and auditing Spa "composed of: Dr. Giachino. Giuseppe was born in Fossano September 14 1943 and resident in Torino, Corso Matteotti n. 21; Lovaglio Dr. Anna Maria, born in Rome on 1> January 1954 and resident in via the Quadraretto n. 32; Reboa prof. Marco, born in Milan April 21, 1955 where he lives in via Medici n. 9. this decree will be 'published in the Official Gazette of the Italian Republic. Rome, April 5, 1991 Minister: BATTLE