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    Almare approves 2000 reports

Premuda Spa, holding 100% of the share capital in Societa Almare di Navigazione Spa communicates that the Board of Directors of Almare has today approved the Company unaudited financial statements for the year 2000, reporting net income of about ITL22.138bn for the year.

Net income for the period running from October 10, 2000 - date of Premuda's acquisition of the Company - to December 31, 2000 was about ITL8.4bn.

Auditing of the reports is still progressing, both of the Independent and of the Statutory Board of Auditors.

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