The Board of Directors approved financial results at June 30, 2008.

Consolidated net sales grew 9.9% to Euro 54 million from Euro 49.2 million at June 30, 2007, EBITDA amounted to Euro 3.6 million versus Euro 5.6 million at June 30, 2007, EBIT was Euro 1.4 million versus Euro 3.2 million at June 30, 2007, and net profit stood at Euro 546 thousand versus Euro 1.2 million at June 30, 2007.

For the first half of 2008, Centrale del Latte di Torino – a dairy company listed on the STAR segment of Borsa Italiana (Italian Stock Exchange) which produces and sells fresh milk, dairy and ultra-fresh products – reported consolidated net sales of Euro 54 million up 9.9% from Euro 49.2 million in the same period of the prior year.

At June 30, 2008, EBITDA amounted to Euro 3.6 million versus Euro 5.6 million at June 30, 2007, EBIT was Euro 1.4 million versus Euro 3.2 million at June 30, 2007 and net profit stood at Euro 546 thousand versus Euro 1.2 million at June 30, 2007.

Like the first quarter 2008 and the fourth quarter 2007, financial results for the first half of 2008 were affected by persistent tensions on commodity prices (milk) as well as by the marked decline in food consumption. The greater costs incurred were partly absorbed by the unavoidable increases in price lists which however were not sufficient to avoid significant margin decline.

At June 30, 2008, the Group’s net debt stood at Euro 28.6 million versus Euro 16.4 million at December 31, 2007 and Euro 6.3 million at June 30, 2007. The year-on-year increase in the Group’s net debt is closely connected to the construction of the new plant in Vicenza which is now operational.

At June 30, 2008, the parent company Centrale del Latte di Torino reported net sales of Euro 31.4 million up 4.3% from Euro 30 million at June 30, 2007.

For the first half of 2008, the parent company reported EBITDA of Euro 3.2 million versus Euro 4.3 million for the first half of 2007; EBIT was Euro 2.3 million versus Euro 3.6 million for the first half of 2007; net profit amounted to Euro 286 thousand versus Euro 1.9 million at June 30, 2007

The consolidated financial results for the full year 2008 are expected to be affected by the costs incurred in connection with the start-up of and transfer of production to the new Centrale del Latte di Vicenza production facilities. Amortization and depreciation of the new plant amount to about Euro 950 thousand for the full year.

Pursuant to section 154 bis, paragraph 2 of the Consolidated Finance Act, the officer in charge of preparing corporate accounting documents, Vittorio Vaudagnotti, hereby certifies that the financial information contained herein reflects the accounting entries, records and books.

Turin – August 29 2008