Treasury shares

At 31 December 2011, Autogrill S.p. A . held 1,0 04,934 treasur y shares, or 0.395% of the share capital. Its  subsidiaries  do  not own equities  or other securities  representing  the share capital  of  Autogrill S.p. A ., and did  not at  any time  during  the year,  either  directly  or through trust companies  or other intermediaries.

Autogrill S.p.A. and its subsidiaries do not own equities or other securities representing the share capital of the ultimate parents, and did not at any time during the year, either directly or through trust companies or other intermediaries.