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Santoni statement

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[23.02.09] As part of our coverage of Santoni?s recent decision to cut
back its workforce we requested an interview with Mr Tiberio Lonati to explain
Santoni?s position on the matter. Here is the company?s response: ?Referring to
the latest news on magazines and the internet sites Santoni SpA underlines the
following: Due to the worldwide economic crisis and specifically 2009, Santoni
SpA has been forced to temporarily reduce its production, using government aids
and support (cassa integrazione) and is not firing its own employees. Santoni
spa does not want to loose its existing technical and professional skills. In
addition, Santoni herewith confirms its increase in its Research &
Development strategy for new products in order to be one hundred percent ready
for the economic recovery.?

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