ANTOITALIA - Key People

Stefano SALA

Born in Milan, Italy, on the 6th of February, 1961. Married, with two children.

EDUCATIONAL BACKGROUND

Degree in Business Administration (specializing in Corporate Finance), Bocconi University, Milan.
High School Diploma specializing in scientific subjects.

WORK EXPERIENCE

Currently, Head of Marketing and Development at Antoitalia Networking S.r.l. and Chairman of Turismo RE S.r.l. Both companies are based in Milan, Italy.
Stefano is one of the founders of Antoitalia Networking (www.antoitalia.it). A leading real estate company, Antoitalia is specialized in brokerage, advisory and management services for the sale of entire buildings, blocks of individual units and property portfolios. The company handles existing buildings and property developments, both residential and commercial, in Italy and abroad, with a special focus on trophy assets and corporate clients. Managed by a core team with more than twenty-five years’ experience in the sector, the company benefits from a network of over 800 professionals and agents in Italy and abroad.

Turismo RE S.r.l. (www.antoitaliahospitality.it) is the advisory company specializing in the hospitality industry. The company meets the needs for consulting services expressed by investors and players interested in hospitality real estate in Italy and abroad. The business focus is on resort development and management projects, where Turismo RE assists the client through advisory services and by identifying international business partnerships. Some key clients include: NH Hotels, Framon Hotels, CHC Hotels, Ostuni Golf Village GE.DI. Group, Beni Stabili Group, RES Real Estate Serenissima - Verona, Ciemme-Leggeri, Consorzio Stabile - Milan, Patron Capital UK, The Ability Group UK, DIL – Deutsche Bank.

Stefano’s professional activities mainly relate to:
- management of property developments (entire buildings and blocks of individual units);
- co-ordination of lot parcelling and other property operations, taking financial aspects and
feasibility into account;
- management and organization of agency and professional networks for the divestment of
large property portfolios.

ACTIVITIES UNDERTAKEN

- Re-organization and re-establishment of the entire "ImmoDataBank" network in 1989.

- Creator of the Milan area property price list in 1990, published by the Chamber of Commerce.

- Writer of the “Misura” software program in 1992 to assess the financial opportunities and to
  prepare estimates for real estate transactions.- Developer of the FIMAA (Federazione Italiana
  Mediatori Agenti d'Affari, Italian federation of agents and brokers) website in 1996.- Deviser and
  co-ordinator of the Antoitalia network.

- Developer of software applications to manage complex property assets.

CURRENT ROLES IN ASSOCIATIONS

- Member of the national board of the FIMAA (www.fimaa.it).

- Board Member of the Milan branch of the FIMAA (www.fimaamilano.it).- Member of the
mixed advisory watchdog panel for the property market, for the State-controlled land agency “
Agenzia del Territorio" – Italian Ministry of Economy (www.agenziaterritorio.it).

- Deputy Chairman of "ImmoDataBank", an association promoting computerized online
exchange of property business information by means of a central server.

OTHER INFORMATION

A real estate agent, Stefano is member of the Brokerage Agents Roll at the Chamber of Commerce since 1982.
Stefano is also member of the Italian chapter of FIABCI - International Real Estate Federation (www.fiabci.org) and is member of FIMAA Milan (www.fimaamilano.it).

Fabio TONELLO

WORK EXPERIENCE

Born in Padua, Italy, Fabio Tonello is Chairman and one of the founders of Antoitalia Networking S.r.l., company based in Milan, Italy.

Antoitalia Networking (www.antoitalia.it) is a leading Italian real estate company, specialized in brokerage, advisory and management services for the sale of entire buildings, blocks of individual units and property portfolios. The company handles existing buildings and property developments, both residential and commercial, in Italy and abroad, with a special focus on trophy assets and corporate clients. Managed by a core team with more than twenty-five years’ experience in the sector, the company benefits from a network of over 800 professionals and agents in Italy and abroad.

Antoitalia Networking was set up in Milan in 2004 by Fabio Tonello together with other partners, as an off-shoot of a twenty-five-year-old business in Padua. From 1979 until recently Fabio was a partner at the Padua-based Antoniana Case s.r.l. company.

Over the years, Fabio Tonello has gained wide experience in handling and selling important property portfolios throughout Italy. In addition to dealing with Antoitalia key clients, he also co-ordinates the overall business operations of all the Antoitalia group's companies: Antoitalia Networking, Turismo RE and Res.

Res S.r.l., 100%-owned by Antoitalia Networking, specializes in providing services to property owners in the field of property management, facility management and valuations.

ROLES HELD IN ASSOCIATIONS

Presently:

- Chairman of AGIRE (Associazione Golf Italiano Real Estate, Italian golf real estate association,
www.agire.org), association created by Fabio in 2005 with the goal of bringing together the golf
players who work in the real estate industry. AGIRE is member of FIG – Italian Golf Federation.

- Member of the Advisory Panel of the online real estate newspaper Quotidiano Immobiliare -
Daily Re (www.quotidianoimmobiliare.it).

Over the years, he held various positions within the FIMAA (Federazione Italiana Mediatori Agenti d'Affari, Italian federation of agents and brokers):

- National Board Member and Chairman of the Veneto Region branch of the FIMAA Italia
(www.fimaa.it)

- Board Member of the Padua branch of the FIMAA (www.fimaapd.it).

Besides, he held numerous positions within the Padua branch of ASCOM (Associazione Commercianti,Turismo e Servizi,Italian association of commerce, tourism and services,(www.ascompd.com), such as:

- ASCOM Board Member

- Chairman of Padua Young Entrepreneurs

- General Secretary of Padua and province Young Entrepreneurs Associations

- Chairman Bilateral Organization

- Deputy Chairman, EMVA (Confcommercio supplementary allowance fund for professionals and
for commerce, tourism and services operators, www.emvaonline.it)

- AUTOFIDI Board Member (Consortium for joint guarantee for tourism SME’s financing).

Fabio Tonello was also board member of the Veneto Region branch of the FIG (Federazione Italiana Golf, Italian golf federation, www.federgolf.it).

OTHER INFORMATION

A real estate agent since 1979, Fabio Tonello is member no. 382 on the Brokerage Agents Roll at the Padua Chamber of Commerce, and member no. 1734 on the Technical Consultants Roll at the Padua Courts.

Member of the Italian chapter of FIABCI - International Real Estate Federation (www.fiabci.org) and is member of FIMAA Milan (www.fimaamilano.it).

He was awarded a knighthood (Cavaliere della Repubblica) on 27 Dec 1999.

Paolo VILLA

Born in Monza, Italy, on the 21st of June, 1960.

EDUCATIONAL BACKGROUND

Course for Financial Brokers at Bocconi University Business School (Scuola di Amministrazione Aziendale – SDA Bocconi), Milan.
Degree in Business Administration, Bocconi University, Milan.
High School Diploma specializing in scientific subjects.

WORK EXPERIENCE

Currently, Managing Director of Antoitalia Networking S.r.l., Milan, Italy.
He also holds the position of Chief Financial Officer for all the companies of the group: Antoitalia Networking, Turismo RE S.r.l. (www.antoitaliahospitality.it) and Res S.r.l.

Paolo is one of the founders of Antoitalia Networking (www.antoitalia.it). A leading Italian real estate company, Antoitalia is specialized in brokerage, advisory and management services for the sale of entire buildings, blocks of individual units and property portfolios. The company handles existing buildings and property developments, both residential and commercial, in Italy and abroad, with a special focus on trophy assets and corporate clients. Managed by a core team with more than twenty-five years’ experience in the sector, the company benefits from a network of over 800 professionals and agents in Italy and abroad.

Previous work experience

After experience in the financial sector with a stock broker company, Paolo Villa began working free-lance in the real estate sector, principally handling sales, financial and tax aspects for property developments with a real estate company.

OTHER INFORMATION

Real estate agent since 1993.
Member no. 11903 on the Brokerage Agents Roll at the Milan Chamber of Commerce.

Luca MAZZUCATO

Born in Padua, Italy, on the 18th of July, 1970.

WORK EXPERIENCE

Currently, Head of Technical, Planning and Contractual Department and Customer Relations Manager with Antoitalia networking S.r.l., based in Milan, Italy.

Antoitalia networking (www.antoitalia.it) is a leading Italian real estate company, specialized in brokerage, advisory and management services for the sale of entire buildings, blocks of individual units and property portfolios. The company handles existing buildings and property developments, both residential and commercial, in Italy and abroad, with a special focus on trophy assets and corporate clients. Managed by a core team with more than twenty-five years’ experience in the sector, the company benefits from a network of over 800 professionals and agents in Italy and abroad.

Previously, Luca Mazzucato worked for ten years with the Antoniana Case company, based in Padua, handling sales and rentals of property developments (whole complexes and blocks of individual units).

OTHER INFORMATION

Real estate agent since 1974.
Member no. 1250 on the Brokerage Agents Roll at the Padua Chamber of Commerce.