Approval of the third quarter ending 30 June 2005

Cairo Communication

Board of Directors approves 2004-2005 financial year 3rd quarter report at 30 June 2005: Sales of € 57.2 million, up 9.5% over the same period last year; “Settimanale Di Più” (rolling average sales of 836,000 copies) and “Di Più TV” (rolling average sales of 771,000 copies) continue to enjoy extraordinary success; La 7 advertising sales up 22.6% for the January - June 2005 period.