Board of Directors

The Board has a central role in connection with corporate organisation.

The Board of Directors, appointed 20 April 2016 and whose term expires with approval of the Financial Statements at 31 December 2018, plays a key role in the corporate organisation.

Paolo Astaldi

Chairman

Paolo Astaldi is Chairman of Astaldi Group since 2010, before He held the position of Vice President from 2001. Graduated in Economics, he holds positions within trade associations. He is Vice President of ANCE (the Italian Association of Private Construction Contractors) and FIEC (European Construction Industry Federation), as well as Chairman of the Committee ''Grandi Imprese Strategiche'' and member of the Permanent Committee ''Lavori all'Estero'' of ANCE, Member of the Board and of the Technical Committee Infrastructure, Logistics and Mobility of Confindustria, Member of the Executive Committee, of the Board of Governors and of the Council of ASSONIME, Steering Committee Member of the IAI (Institute of International Affairs), Member of the Board of Un‐Industria of Rome and of Confindustria Lazio, Member of the Council of Regency of the Banca d'Italia in Rome, Member of the Board of Directors of the National Academy of Santa Cecilia in Rome, Member of the Consultative Committee of the Italian Stock Exchange. Already honoured with the title of ''Commendatore al Merito della Repubblica Italiana'' since 1998, the President of the Italian Republic, Giorgio Napolitano, conferred on him the honour of ''Grande Ufficiale Ordine al Merito della Repubblica Italiana'' in June 2011.

Ernesto Monti

Deputy Chairman*

He was appointed Honorary Chairman of Astaldi Group in 2007 after having held the position of Chairman since 2000. An economics graduate, he started his professional career in 1971 in Banca d’Italia. In 1976 he moved to IMI Group where he held the position of General Finance Manager Italy and in 1984 he moved to Banca Nazionale dell’Agricoltura. He subsequently worked for Banco di Santo Spirito where he was appointed Central Manager in 1989. In 1992 he took on the same position at Banca di Roma (formerly Capitalia and currently Unicredit) where he was appointed Deputy General Manager in 1996. He is also the Chairman of Tosinvest and a member of the Board of Directors of Unicredit BdR, Erg Renew and Alitalia. He was a lecturer at Bocconi Management School from 1976 to 1980, a contract professor at Modena University in 1983 and 1984 and has held the chair of Corporate Finance at LUISS Guido Carli University in Rome since 1986.

Michele Valensise

Deputy Chairman

Page under review.

Filippo Stinellis

Chief Executive Officer

A member of the Board of Directors since January 2015 and former General Manager - International (Turkey) and Coordinator of Industrial Activities. He graduated in Civil Engineering in 1990. He was Managing Director of Societa' Metro C Roma, Operations Manager of Astaldi S.p.A, as well as Project Manager in relation to numerous construction projects successfully carried out within the Astaldi Group.

Caterina Astaldi

Director

She has been a member of the Board of Directors of Astaldi S.p.A. since 2001.

Paolo Cuccia

Director**

Page under review.

Piero Gnudi

Director**

He was appointed Board Member of Astaldi Group in 2014. An economics graduated, he served as the Italy's Minister of Tourism and Sport in the Monti Cabinet from November 2011 to April 2013. He also held the position of Chairman of Enel S.p.A., Enel Distribuzione S.p.A., Wind S.p.A., Terna S.p.A. and Emittenti Titoli S.p.A. He was also Board Member of Unicredit S.p.A. and Il Sole 24 Ore S.p.A., Member of the Executive Committee of the Board for the Relationships between Italy and the United States, Member of the Executive Board and of the Executive Council of Confindustria. Currently, he is Chairman of Credito Fondiario S.p.A. and of Nomisma Societa' di Studi Economici S.p.A., as well as Member of the General Board and of the Executive Committee of Assonime and Court-appointed Manager of Ilva S.p.A.

Chiara Mancini

Director**

Page under review.

Nicoletta Mincato

Director**

Lawyer, defence counsel for the Court of Cassation, he has worked in the legal area for over 30 years specialising in civil law in relation to judicial and out-of-court matters. He has been responsible for and continues to be responsible for contractual relations with regard to the real estate sector, contracts and corporate acquisitions.

* Independent pursuant to T.U.F.

**Independent pursuant to T.U.F. and code of self-discipline

Last updated: Sep 07 2016