EUROTECH: Mediobanca, in accordance with the Eurotech Group, grants shareholders who are not managers of the company a partial release from lock-up obligations (price-sensitive communication)

Amaro, December 16, 2005

Eurotech S.p.A. communicates that Mediobanca, in accordance with the company, has decided to grant Eurotech's shareholders, who are not managers of the company but are subject to lock-up restrictions as regards Eurotech's public offering of ordinary shares, the release from those obligations on the following terms, starting on December 19, 2005.

Shareholder: Umberto Lago
N. of Shares subject to lock-up:109.080
Term of lock-up:6 months
N. of Shares released from lock-up:109.080

Shareholder: Finanziaria 2008 s.r.l
N. of Shares subject to lock-up:318.344
Term of lock-up:6 months
N. of Shares released from lock-up:318.344

Shareholder: Giovanni Saladino
N. of Shares subject to lock-up:180.000
Term of lock-up:6 months
N. of Shares released from lock-up:180.000

Shareholder: Paolo Vicentini
N. of Shares subject to lock-up:194.744
Term of lock-up:6 months
N. of Shares released from lock-up:194.744

Shareholder: Friulia Finanziaria Regionale Friuli Venezia Giulia S.p.A.
N. of Shares subject to lock-up:1.119.992
Term of lock-up:12 months
N. of Shares released from lock-up:188.727

The release from lock-up is justified both by the category of the shareholders listed above, and by the performance achieved by the company after quotation. Eurotech registered a 223,56% increase of the IPO price, and was traded for an equivalent value of 475 million Euros (compared to an initial capitalization of 63 million Euros and a Global Offering of 33,8 million Euros), and for an average daily value of 39,6 million Euros (62,5% of the initial capitalization and 117,03% of the Global Offering).

Eurotech confirms the lock-up restrictions for managers, as defined at the time of the IPO placing.

As concerns more recent events, Eurotech gave notice on December 15, 2005 that Parvus Corp, its US-based subsidiary, just concluded a long-term agreement (for an estimated value of 1 million US dollars) with a US company which manufactures and distributes locomotives in the north-eastern region of the United States. Parvus Corp. also made a 1 million dollar agreement with another US company for the development of a NanoPC platform which will be installed on US aircraft.



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