The consolidated financial statements of the Ferretti Group at August 31, 2006 are approved

Production value increased to 770.4 million euros, a gain of 18.0% compared with the 652.9 million euros reported a year earlier; EBITDA grew to 118.4 million euros, or 37.7% more than in the previous year; net profit rose to 25.3 million euros (a gain of 118.8% compared with the 2005 fiscal year); net borrowings decreased by 90 million euros to 406.9 million euros (496.9 million euros at August 31, 2005). The number of boats delivered was also up, rising from 419 in 2005 to 461 in 2006.

On October 2, 2006, as part of the procedures required for listing its shares on the MTA segment of the Italian stock market, the Company filed an application with the Consob and Borsa Italiana.

The data provided above are the highlights of the consolidated financial statements at August 31, 2006, which were prepared in accordance with International Financial Reporting Standards (IFRSs), as approved by the Shareholders