Renco Group Consolidated Financial Statement

The corporate governance structure of Renco SpA follows the Italian traditional model, which assigns corporate management to the Board of Directors, the core of the organizational system, supervisory functions to the Board of Statutory Auditors and auditing of the accounts to the audit firm appointed by the Shareholders’ Meeting.

Upon the Board of Statutory Auditors’ opinion, the Shareholders’ Meeting of July 14, 2010 appointed Deloitte & Touche S.p.A. for the financial years 2010-2012