The Benetton Group 2004 consolidated financial statements reclassified to IFRS are certified

The transition of the Benetton Group to IFRS for the first nine months of 2004

Ponzano, 20 October 2005 – Benetton Group consolidated financial statements for full year 2004 financial year (to December 31), reclassified in accordance with International Financial Reporting Standards (IFRS), have been certified by the independent auditors PricewaterhouseCoopers.

The independent auditors’ certification letter is available atvh-center.com/investors.

The Benetton Group has reclassified its consolidated financial statements for the first nine months of 2004 (to September 30) in accordance with IFRS, for comparison with 2005 nine month results which will be released on November 11.

The management indicates, moreover, that the re-orders from the commercial network for Fall/Winter 2005 are proceeding at a more positive rate than forecast, thanks to the encouraging sell-out of the new collections.

Consolidated statement of income and balance sheet

Below are the principal economic and balance sheet figures for the first nine months of 2004, reclassified in accordance to IFRS. All figures for the period are contained in the “Transition to IFRS – 9 Months 2004″ presentation, available in the section dedicated to IAS/IFRS of vh-center.com/investors.

Consolidated statement of income

in millions of euro

Xổ số miền nam chủ nhậtConsolidated balance sheet

Xổ số miền nam chủ nhậtin millions of euro

The figures reclassified according to IFRS for full year 2004 and first half 2004 were released to the market on September 7.

For further information: