PRESS RELEASE                                      

RINA announces annual results

 The Board of Directors of RINA S.P.A has approved the consolidated balance sheet for the period 2012: revenues of 280 million Euros (+23%) were achieved and the operating income reached 26.3 million Euros.

 The Board of RINA S.p.A. – holding company of the RINA Group – today approved the consolidated balance sheet for 2012 which confirmed the growth trend of recent years with revenues of 280 million Euros (+23% compared to 2011).

 For the first time the balance sheet of RINA S.p.A. was prepared in accordance with the International Financial Reporting Standards (IFRS) to align with the standards of listed companies.

 Despite the persisting negative economic situation in 2012 the company recorded a growth in revenues from integrating D’Appolonia S.p.A., which was acquired the previous year. The operating income reached 26.3 million Euros.

 The company from this year has an office in Cyprus as well.