20/01/2004

Annual Agenda of Corporate Events:

Pursuant to Section 2.6.2 of the Regulations for the Markets organized and managed by Borsa Italiana S.p.A., it is hereby notified that Centrale del Latte di Torino & C. S.p.A. has set the following agenda for corporate events that will take place in 2004:

- February 13: Meeting of the Board of Directors for the approval of the Financial Report as of the fourth quarter of 2003

- March 12: Meeting of the Board of Directors for the approval of the Financial Statement Draft as of December 31, 2003

- April 29: Ordinary Meeting of Shareholders for the approval of the 2003 Financial Statement

- May 11: Meeting of the Board of Directors for the approval of the Financial Report as of the first quarter of 2004

- July 29: Meeting of the Board of Directors for the approval of the Financial Report as of the second quarter of 2004

- September 23: Meeting of the Board of Directors for the approval of the Financial Report as of the first half of 2004

- November 11: Meeting of the Board of Directors for the approval of the Financial Report as of the third quarter of 2004

Any change to the above agenda will be promptly notified.