Statement of Changes in Equity

Statement of Changes in Equity (€) Share capital Retained earnings/(losses) carried forward Reserve for stock-grant plans Other reserves Total Shareholders’ equity
Shareholders’ equity at 1 January 2010 49,193,946 75,661,714 1,466,400 123,610,952 249,933,012
Use of treasury shares for delivery of SGPs 513,643 - - - 513,643
Free share capital increase with issue of no. 20,000,000 shares 10,000,000 - - (10,000,000) -
Other comprehensive income (expense) for the year, net of tax - (594,317) - 163,437 (430,880)
Change in reserves for Ansaldo STS SpA SGP - - 658,074 - 658,074
Change in reserves for SGPs of other companies - - - 824,909 824,909
Dividends (99,940,829 x 0.31) - (30,981,657) - - (30,981,657)
Allocation of the period result to legal reserve - (6,549,322) - 6,549,322 -
Allocation of the profit to the “reserve for adjustments to legal reserve” - (10,000,000) - 10,000,000 -
Net profit (loss) at 31 December 2010 - 83,990,201 - - 83,990,201
Shareholders’ equity at 31 December 2010 59,707,589 111,526,619 2,124,474 131,148,620 304,507,302
Use of treasury shares for delivery of SGPs 290,586 - - - 290,586
Free share capital increase with issue of no. 20,000,000 shares 10,000,000 - - (10,000,000) -
Other comprehensive income (expense) for the year, net of tax - 1,328,687 - (365,389) 963,298
Change in reserves for Ansaldo STS SpA SGP - - (2,017,192) - (2,017,192)
Change in reserves for SGPs of other companies - - - (1,498,551) (1,498,551)
Dividends (119,972,800 x 0.28) - (33,592,384) - - (33,592,384)
Net profit (loss) at 31 December 2011 - 53,286,387 - - 53,286,387
Shareholders’ equity at 31 December 2011 69,998,175 132,549,309 107,282 119,284,680 321,939,446

Registered Office: 16151 Genoa Via Paolo Mantovani, 3 - 5
Paid-in Share Capital EUR 70,000,000 R.E.A. n. 421689 Register of Enterprises of Genoa Tax Code 01371160662
A Finmeccanica Company