Rome, 3 September 2008.

PRESS RELEASE

The Extraordinary Administrator announces that a preliminary offer was received on 1 September 2008 from CAI - Compagnia Aerea Italiana s.r.l. for the purchase of business assets forming a significant part of the activities of the Alitalia Group.

As a preliminary step, the Extraordinary Administrator takes note that the offer received seems to meet the requirements contained in legislative decree no. 347 of 23 December 2003 with recent amendments. The contents of the offer are confidential.

The Extraordinary Administrator reserves the right to examine the offer and to undertake negotiations on the basis of its contents, bearing in mind creditors’ interests, safeguarding company assets as well as the continuity of public service.

The Extraordinary Administrator
Prof. Avv. Augusto Fantozzi