Rome, August 7, 2007—Shearman & Sterling acted as U.S. and English counsel to the underwriters Banca Cabato S.p.A., MPS FINANCE Banca Mobiliare S.p.A. and Intermonte S.p.A. in connection with the initial public offering in Italy and the private placement to institutional investors internationally of Pramac S.p.A.’s ordinary shares.

The Pramac Group develops and manufactures a wide range of power generation equipment, materials handling equipment and photovoltaic components and uses its global network to supply its products throughout the world.

The Shearman & Sterling team in Rome was led by partner Michael Bosco (Capital Markets/Mergers & Acquisitions), assisted by associates Tommaso Tosi (Mergers & Acquisitions) and Ethan Perry (Capital Markets) and international trainees Vincenzo Armenio (Capital Markets) and Serena Scarabotti (Capital Markets).