Zignago Vetro — Remuneration Information 2017

Mar 27, 2017

Annual Remuneration Report

in accordance with Article 123-ter of the CFA and 84-quater of the Issuers' Regulation

Issuer: Zignago Vetro S.p.A.

Website: www.gruppozignagovetro.com

Date of approval of the Report: 15/03/2017

CONTENTS

	Pag.
Glossary	3
SECTION I
Introduction	4
Objectives	4
Remuneration Committee	4
Policies	5
Director Remuneration	7
Committee Remuneration	7
Remuneration policy for independent directors and senior directors	7
Non-monetary benefits	7
Incentive plans	8
Clauses for the maintenance in portfolio of financial instruments	8
SECTION II – first part
Board of Directors' fees	9
Board of Statutory Auditors' fees	12
Senior executive remuneration	13
SECTION II – second part
TABLE 1: Remuneration of the Board of Directors, Board of Statutory Auditors, General	14
Managers and Senior Executives
Information on Shareholdings of the Board of Directors, Board of Statutory Auditors, General	15
Managers and other Senior Executives
TABLE 2: Shareholdings of the Board of Directors and Statutory Auditors and General	15
Managers
TABLE 3: Shareholdings of other Senior Executives	16

• 2 -

GLOSSARY

Borsa Italiana: Borsa Italiana S.p.A.

Self-Governance Code: the Self-Governance Code of listed companies approved in March 2006 (as subsequently amended) by the Corporate Governance Committee and promoted by Borsa Italiana S.p.A., ABI, ANIA, Assogestioni, Assonime and Confindustria and available at www.borsaitaliana.it/committee-corporate-governance.

Board or Board of Directors: the Issuer's Board of Directors.

Issuer or the Company: Zignago Vetro S.p.A.

Year: the financial year ending December 31, 2016.

Issuers' Regulation: Consob Regulation 11971/99 and subsequent amendments and supplements.

Report: the present Remuneration Report prepared in accordance with Article 123-ter CFA and 84 quater of the Issuers' Regulation.

By-laws: the By-laws of Zignago Vetro S.p.A..

CFA or Legislative Decree 58/98: Legislative Decree of February 24, 1998, No. 58 and subsequent amendments and additions.

Section I

Introduction

The Company draws up and applies a general remuneration policy which attracts, motivates and retains individuals possessing the professional standards required to achieve Group objectives.

The policy was developed on the basis of a clear and transparent process and in which the Shareholders' Meeting, the Board of Directors of the Company, the Board of Statutory Auditors and the Remuneration Committee all play a central role.

In accordance with Article 17.9 of the By-laws, Directors remuneration for the duration of the mandate is established by the Shareholders' Meeting on their appointment, also through establishing a total amount in accordance with Article 2389, third paragraph of the civil code. This remuneration may also comprise a fixed part and a variable part, the latter based on the reaching of pre-set objectives. The Bylaws, in addition, establish that the remuneration of Senior Directors is determined by the Board of Directors, after consulting with the Board of Statutory Auditors.

The Company has also appointed a Remuneration Committee.

The remuneration policies for Senior Directors, both concerning the fixed part and the variable part, are proposed annually by the Remuneration Committee and submitted for the approval of the Board of Directors of the Company, following approval by the Board of Statutory Auditors.

The objectives

The remuneration policy of the Company both recognises the contribution of Directors and personnel through a remuneration policy based in part on the reaching of company and individual performance objectives and also seeks to ensure the retention of Directors and strategic personnel.

Remuneration Committee

At December 31, 2016 and until the date of the present report, the Remuneration Committee was comprised of 3 non-executive members, of which two independent.

The Remuneration Committee was appointed for the first time with Board motion of March 22, 2007. The Board of Directors' meeting of April 28, 2016 re-elected the members of the Remuneration Committee, whose mandate expired, in the persons of Franco Moscetti (Non-Executive and Independent Director), Stefano Marzotto (Non-Executive Director) and Daniela Manzoni (Non-Executive and Independent Director). The Board, at the time of the appointment, evaluated and considered adequate the financial and accounting qualifications of the members of the Committee.

The Remuneration Committee is assigned the duties to:

• draw up proposals for the Board of Directors in relation to the remuneration of executive directors and senior executives, in addition to the fixing of the performance objectives related to the variable component of this remuneration;
• monitor the application of the decisions of the Board of Directors concerning the remuneration policy and the effective reaching of the performance objectives;
• periodically evaluate the adequacy, the overall compliance and the application of the remuneration policy, including the remuneration criteria adopted, of directors and senior executives, also using information provided by the Chief Executive Officers and draw up for the Board of Directors general recommendations in this regard;

During the year, the Remuneration Committee, among other matters, verified the application of the criteria regarding the variable remuneration paid to Senior Directors and Senior Executives, based on the results achieved in 2015.

In addition, the Remuneration Committee proposed the amount of fixed remuneration, in addition to the criteria for the establishment of the variable part of the remuneration of the Chairman and the Chief Executive Officer for the year.

In the carrying out of its functions, the Remuneration Committee has full access to the information and to the corporate functions necessary for the carrying out of its remit and does not require the use of external consultants, as availing of the support of internal structures.

Policies

The remuneration policy of the Company provides also that the remuneration of executive directors and senior executives comprises both fixed and variable components, which are appropriately balanced on the basis of the strategic objectives and the risk management policy of the company, taking into account also the sector in which the Issuer operates. The fixed component of this remuneration should sufficiently remunerate the level of professional service of the beneficiary in the case in which the variable component was not paid due to the performance objectives not being met, indicated by the Board of Directors for the executive directors, or by the Chief Executive officer for the senior executives. For the variable component, the remuneration policy of the Company ensures that a significant part of the remuneration of Executive Directors and Senior Executives is incentive-based, subject to the achievement of company and individual performance objectives, and this remuneration is set so as to align the interests of executive directors and senior executives with the priority objective of the creation of value for shareholders over the medium/long-term.

On this basis, the remuneration committee drew up the proposal for the structure of the remuneration of directors and senior executives of the Company for the years 2016-2018. The Board of Directors on April 28, 2016 approved the remuneration policy for the directors of the company, in line with the proposal of the Remuneration Committee, while the incentive policy is linked also to the medium/longterm objectives, as per the Self-Governance Code. In particular, a significant part of the remuneration of the Executive Directors and of Senior Executives is related to the economic results of the Group and/or the achievement of specific particularly challenging objectives indicated by the Board of Directors or, in the case of Senior Executives, by the CEO and is subject to the reaching of objectives, measured on the basis of economic-financial indicators for the Group, including revenues, EBITDA, EBIT and ROI.

The gross annual remuneration of other Non-Executive Directors will not be based on the achievement by the Company of financial targets and is, however, based on the commitment required of each in their respective roles.

Indemnity of directors and senior managers in the case of dismissal and termination of employment following a public purchase offer is not provided for.

Director Remuneration

On April 28, 2016, the Board of Directors established, among other issues, the breakdown among the members of the Board of Directors of the total gross annual remuneration of Euro 240,000 approved by the Shareholders' Meeting of April 28, 2016. In particular, the Board at the same meeting established a gross fixed annual remuneration of Euro 20,000 for each Director, in addition to Euro 2,000 as a fee for attendance at each Board meeting. In addition, the Lead Independent Director was assigned an additional pro-rata gross fixed remuneration of Euro 10,000.

Committee Remuneration

In relation to Directors sitting on the Control and Risks Committee, the Board of Directors on April 28, 2016 allocated a pro-rata gross annual fixed remuneration of Euro 15,000 for the position.

In relation to Directors sitting on the Remuneration Committee, the Board of Directors on April 28, 2016 allocated a pro-rata gross annual fixed remuneration of Euro 15,000 for the position.

In relation to Directors sitting on the Related Parties Committee, the Board of Directors on April 28, 2016 allocated a pro-rata gross annual fixed remuneration of Euro 15,000 for the position.

Remuneration policy for independent directors and senior directors

At the date of the present report, the company has not adopted any remuneration policy in relation to independent directors.

On April 28, 2016, the Board of Directors approved remuneration for senior directors for the years 2016, 2017 and 2018, and however until the Shareholders' Meeting which will be called to approve the 2018 Annual Accounts, of Euro 665,000 annually, as a gross fixed pro-rata amount.

Non-monetary benefits

The remuneration policy of the Company also establishes the recognition of certain non-monetary benefits to the Chairman of the Board of Directors, the Chief Executive Officer and Executives. This concerns in particular the provision of a company car and obligatory health insurance coverage. The remuneration policy approved by the Company does not provide for other insurance coverage, social security or pension provisions in addition to those obligatorily required.

Incentive plans

No share, option or financial instrument-based incentives are established, or systems for deferred payment.

Clause for the maintenance in portfolio of financial instruments

At the date of the present report, the Company has not signed agreements which include clauses for the maintenance in portfolio of financial instruments after their acquisition.

Section II

FIRST PART

1. BOARD OF DIRECTORS' FEES

Paolo Giacobbo, Chairman & Chief Executive Officer

The Board of Directors on April 28, 2016, on the basis of indications from the Remuneration Committee, awarded to Mr. Paolo Giacobbo a pro-rata gross fixed annual remuneration of Euro 20,000 for the position of director, in addition to a fee of Euro 1,500 for attendance at each Board meeting. With the motion, the Board of Directors also allocated a pro-rata annual gross fixed remuneration of Euro 150,000 for the office of Chairman and, for the office of Chief Executive Officer a pro-rata gross fixed annual remuneration of Euro 335,000, in addition to variable remuneration with a reference base of Euro 165,000, based on economicfinancial quantitative indicators concerning the Company, in addition to individual performance bonuses, on the basis of financial years 2016, 2017 and 2018 and however until the Shareholders' Meeting for the approval of 2018 Annual Accounts.

In addition, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received a pro-rata gross fixed remuneration of Euro 121,170 for the position of Chief Executive Officer, in addition to, for the same role, gross variable remuneration of Euro 479,959.

During the year, the Chairman and Chief Executive Officer Mr. Paolo Giacobbo, was also recognised non-monetary benefits of Euro 4,831, concerning the use of a company car and insurance coverage.

Nicolò Marzotto, Vice Chairman of the Board of Directors

The Board of Directors on April 28, 2016 allocated to the Director Mr. Nicolò Marzotto a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

In addition, the Director received pro-rata gross annual remuneration of Euro 20,000 as the Vice Chairman of the Board of Directors for each of the years 2016, 2017 and 2018.

Finally, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received Euro 13,500 for the position of Director and Vice-Chairman.

Alessia Antonelli, Non-Executive and Independent Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Ms. Alessia Antonelli a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Control and Risks Committee and pro-rata gross annual remuneration of Euro 15,000 as a member of the Related Parties Transactions Committee.

Ferdinando Businaro, Non-Executive and Independent Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Mr. Ferdinando Businaro a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Related Parties Transactions Committee.

Finally, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received Euro 9,500 for the position of Director, in addition to Euro 8,000 as a member of the Internal Control Committee and the Related Parties Transactions Committee.

Giorgina Gallo, Non-Executive and Independent Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Ms. Giorgina Gallo a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Control and Risks Committee.

Franco Grisan, Non-Executive Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Mr. Franco Grisan a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

In addition, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received Euro 71,170 gross for the position of Chairman of the Board of Directors.

Daniela Manzoni, Non-Executive and Independent Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Ms. Daniela Manzoni Suppiej pro-rata gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Remuneration Committee.

Finally, the above Director, during the year, under the previous mandate which concluded with approval of the 2016 Annual Accounts, received Euro 9,500 for the position of Director.

Gaetano Marzotto, Non-Executive Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Mr. Gaetano Marzotto a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

In addition, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received Euro 9,500 for the position of Director.

Luca Marzotto, Non-Executive Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Mr. Luca Marzotto a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Internal Control Committee.

Finally, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received Euro 9,500 for the position of Director, in addition to Euro 4,000 as a member of the Internal Control Committee.

Stefano Marzotto, Non-Executive Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Mr. Stefano Marzotto a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Remuneration Committee.

Finally, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received Euro 9,500 for the position of Director, in addition to Euro 4,000 as a member of the Remuneration Committee.

Franco Moscetti, Non-Executive Director and Lead Independent Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Mr. Franco Moscetti a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Remuneration Committee.

Finally, the Director was also appointed Lead Independent Director and for this role is recognised pro-rata gross annual remuneration of Euro 10,000.

Manuela Romei, Non-Executive and Independent Director

The Board of Directors on April 28, 2016 allocated to the Non-Executive Director Ms. Manuela Romei Pasetti a gross fixed annual remuneration of Euro 20,000, in addition to a fee of Euro 2,000 for attendance at each Board meeting.

The Director also received pro-rata gross annual remuneration of Euro 15,000 as a member of the Related Parties Transactions Committee.

Finally, the above Director, during the year, under the previous mandate which concluded with approval of the 2015 Annual Accounts, received Euro 9,500 for the position of Director.

Lino Benassi, Non-Executive Director and Lead Independent Director

With the approval of the 2015 Annual Accounts, the mandate of director Mr. Lino Benassi concluded, who, for the duties carried out until the natural conclusion of mandate, received remuneration of Euro 6,500 gross as a non-executive director and Euro 6,000 gross as a member of the Remuneration Committee and of the Related Party Transactions Committee.

Alberto Faggion, Executive Director

With the approval of the 2015 Annual Accounts, the mandate of director Mr. Alberto Faggion concluded, who, for the duties carried out until the natural conclusion of mandate, received remuneration of Euro 8,000 gross as an executive director.

Chiara Mio, Non-Executive and Independent Director

With the approval of the 2015 Annual Accounts, the mandate of director Prof. Chiara Mio concluded, who, for the duties carried out until the natural conclusion of mandate, received remuneration of Euro 8,320 gross as a non-executive and independent director.

Maurizio Sobrero, Non-Executive and Independent Director

With the approval of the 2015 Annual Accounts, the mandate of director Mr. Maurizio Sobrero concluded, who, for the duties carried out until the natural conclusion of mandate, received remuneration of Euro 8,000 gross as a non-executive and independent director and Euro 8,000 gross as a member of the Internal Control Committee and of the Related Party Transactions Committee.

Giovanni Tamburi, Non-Executive and Independent Director

With the approval of the 2015 Annual Accounts, the mandate of director Mr. Giovanni Tamburi concluded, who, for the duties carried out until the natural conclusion of mandate, received remuneration of Euro 8,000 gross as a non-executive and independent director and Euro 4,000 gross as a member of the Remuneration Committee.

2. BOARD OF STATUTORY AUDITORS FEES

Alberta Gervasio, Chairman of the Board of Statutory Auditors

The Shareholders' Meeting of April 28, 2016 allocated to the Chairman of the Board of Statutory Auditors Ms. Alberta Gervasio pro-rata gross annual remuneration of Euro 22,500, in addition to the reimbursement of expenses incurred for the discharge of office.

Stefano Meneghini, Statutory Auditor

The Shareholders' Meeting of April 28, 2016 allocated to the Statutory Auditor Mr. Stefano Meneghini pro-rata gross annual remuneration of Euro 15,000, in addition to the reimbursement of expenses incurred for the discharge of office.

During the year, under the previous mandate, concluding with the approval of the 2015 Annual Accounts, Mr. Stefano Meneghini received pro-rata gross annual remuneration of Euro 12,000, in addition to the reimbursement of documented expenses incurred in the exercise of office.

Carlo Pesce, Statutory Auditor

The Shareholders' Meeting of April 28, 2016 allocated to the Statutory Auditor Ms. Carlo Pesce pro-rata gross annual remuneration of Euro 15,000, in addition to the reimbursement of expenses incurred for the discharge of office.

During 2016, under the previous mandate, concluding with the approval of the 2015 Annual Accounts, Mr. Carlo Pesce received pro-rata gross annual remuneration of Euro 12,000, in addition to the reimbursement of documented expenses incurred in the exercise of office.

Carmen Pezzuto, Statutory Auditor

With the approval of the 2015 Annual Accounts, the mandate of the statutory auditor Ms. Carmen Pezzuto concluded, who, during the year and until the natural conclusion of mandate, received gross annual remuneration on a pro-rata basis of Euro 12,000, in addition to the reimbursement of documented expenses incurred in the exercise of office.

3. REMUNERATION OF SENIOR EXECUTIVES

In relation to Senior Executives, during the year overall gross remuneration was allocated of Euro 1,417,056.

SECOND PART

TABLE 1: Remuneration of the Board of Directors, Board of Statutory Auditors, General Managers and Senior Executives

Managers and Senior Executives
N ame and Surname	Of f ice	Period of of f ice	Fixed R emuner.	R emunera t ion f or commit t ee part icip.	N on- equit y variable remunerat ion		N on monet ary benef it s	Ot her remun erat io n	Tot al remunerat io n	Fair V alue of equit y remunera t ion	Post - employmen t benef it s
					B onuses and ot her incent ives	Prof it sharing
		B oard of D	irect ors in of	f ice unt il t	he approval of	t he 2 0 18	A nnual A	ccount s
Paolo Giacobbo	Chairman & Chief Executive Officer	28.04.16-31.12.16	344.663				3.221		347.884	-	-
Nicolò M arzotto	Vice Chairman	28.04.16-31.12.16	34.667						34.667	-	-
Ferdinando Businaro Director		28.04.16-31.12.16	21.333	10.000					31.333	-	-
Alessia Antonelli	Director	28.04.16-31.12.16	23.333	20.000					43.333	-	-
Giorgina Gallo	Director	28.04.16-31.12.16	23.333	10.000					33.333	-	-
Franco Grisan	Director	28.04.16-31.12.16	19.333						19.333
Daniela M anzoni	Director	28.04.16-31.12.16	21.333	10.000					31.333
Gaetano M arzotto	Director	28.04.16-31.12.16	21.333						21.333	-	-
Luca M arzotto	Director	28.04.16-31.12.16	21.333	20.000					41.333	-	-
Stefano M arzotto	Director	28.04.16-31.12.16	21.333	10.000					31.333	-	-
Franco M oscetti	Director	28.04.16-31.12.16	23.333	16.667					40.000
M anuela Romei	Director	28.04.16-31.12.16	21.333	10.000					31.333
Tot al remunerat	ion 2 0 16		59 6 .6 6 0	10 6 .6 6 7	-	-	3 .2 2 1	-	70 6 .54 8	-	-
		B oard of D	irect ors in of	f ice unt il t	he approval of	t he 2 0	15 A nnual A	ccount s
Franco Grisan	Chairman	01.01.16-28.04.16	71.170				2.166		73.336	-	-
Paolo Giacobbo	Chief Executive Officer	01.01.16-28.04.16	121.170		479.959		1.610		602.739	-	-
Nicolò M arzotto	Vice Chairman	01.01.16-28.04.16	13.500						13.500	-	-
Lino Benassi	Director	01.01.16-28.04.16	6.500	6.000					12.500	-	-
Ferdinando Businaro Director		01.01.16-28.04.16	9.500	8.000					17.500	-	-
Alberto Faggion	Director	01.01.16-28.04.16	8.000						8.000	-	-
Daniela M anzoni	Director	01.01.16-28.04.16	9.500						9.500
Gaetano M arzotto	Director	01.01.16-28.04.16	9.500						9.500	-	-
Luca M arzotto	Director	01.01.16-28.04.16	9.500	4.000					13.500	-	-
Stefano M arzotto	Director	01.01.16-28.04.16	9.500	4.000					13.500	-	-
Chiara M io	Director	01.01.16-28.04.16	8.320						8.320
M anuela Romei	Director	01.01.16-28.04.16	9.500						9.500
M aurizio Sobrero	Director	01.01.16-28.04.16	8.000	8.000					16.000	-	-
Giovanni Tamburi	Director	01.01.16-28.04.16	8.000	4.000					12.000	-	-
Tot al remunerat	ion 2 0 16		3 0 1.6 6 0	3 4 .0 0 0	4 79 .9 59	-	3 .776	-	8 19 .3 9 5	-	-
Tot al remunerat	ion 2 0 16		8 9 8 .3 2 0	14 0 .6 6 7	4 79 .9 59	-	6 .9 9 7	-	1.52 5.9 4 3	-	-
Tot al remunerat	ion 2 0 15		8 73 .4 0 0	10 8 .0 0 0	10 0 .0 0 0	6 1.3 78	9 .8 59	-	1.152 .6 3 7	-	-
Tot al remunerat	ion 2 0 14		8 4 1.9 0 0	12 0 .0 0 0	10 0 .0 0 0	16 5.0 0 0	10 .2 6 8	-	1.2 3 7.16 8	-	-
Tot al remunerat ion 2 0 16 senior execut ives ( 7)			9 17.9 2 2	-	4 2 1.3 0 4	-	77.8 3 0	-	1.4 17.0 56	-	-
of which remuneration from company			917.922		421.304		77.830		1.417.056	-	-
preparing the financial statements of which remuneration from subsidiaries and associates			-		-		-		-	-	-
Tot al remunerat execut ives)	ion 2 0 15 ( 9		1.2 4 8 .0 0 4	-	2 79 .770	-	71.2 6 4	-	1.59 9 .0 3 8	-	-
Tot al remunerat execut ives)	ion 2 0 14 ( 9		1.0 8 3 .8 57	-	2 6 7.4 6 7	-	73 .114	-	1.4 2 4 .4 3 8	-	-

SCHEDULE No. 7-ter: Information on Holdings of the Board of Directors and Statutory Auditors, General Managers and Senior Executives.

TABLE 2: Shareholdings of the Board of Directors, Board of Statutory Auditors and General Managers

Company: Zignago Vetro SpA

Name	Office	Number	Number	Number	Number	Number	Type	Method
		shares	shares	shares	shares	shares	o f	o f
		held at	acquired/	assigned	sold	held at	holding	holding
		31.12.2015	subscribed			31.12.2016
Alessia Antonelli	Director	---	---	---	---	---
Bedei Chiara	Alternate Auditor	---	---	---	---	---
Benassi Lino	Director	---	---	---	---	---
Bentsik Alessandro	Alternate Auditor	---	---	---	---	---
Businaro Ferdinando	Director	266.750	---	---	---	266.750	Owner	Indirect (1)
Conti Cesare	Alternate Auditor	---	---	---	---	---
Faggion Alberto	Director	33.000	---	---	---	33.000	Owner	Direct
Gervasio Alberta	Chair - Board of Stat. Auditors	---	---	---	---	---
Giorgina Gallo	Director	---	---	---	---	---
Giacobbo Paolo	Chief Executive Officer	51.250	---	---	---	51.250	Owner	Direct
Grisan Franco	Chairman of the Board of Directors	64.790	10.000	---	---	74.790	Owner	Direct
Manzoni Daniela	Director	---	---	---	---	---
Marzotto Gaetano	Director	632.500	---	---	---	632.500	Owner	Indirect (1)
Marzotto Luca	Director	---	---	---	---	---
Marzotto Nicolò	Vice Chairman of the Board of Directors	---	200.000	---	---	200.000	Owner	Indirect (1)
Marzotto Stefano	Director	30.000	---	---	---	30.000	Owner	Spouse
		1.225.000	---	---	---	1.225.000	Owner	Indirect (1)
		1.255.000	---	---	---	1.255.000
Meneghini Stefano	Statutory Auditor	---	---	---	---	---
Mio Chiara	Director	---	---	---	---	---
Moscetti Franco	Director	---	---	---	---	---
Pesce Carlo	Statutory Auditor	---	---	---	---	---
Pezzuto Carmen	Statutory Auditor	---	---	---	---	---
Romei Manuela	Director	---	---	---	---	---
Sobrero Maurizio	Director	---	---	---	---	---
Tamburi Giovanni	Director	---	---	---	---	---

(1) Through subsidiaries, trust companies or nominees

TABLE 3: Shareholdings of other Senior Executives

Company: Zignago Vetro SpA

	Number	Number	Number	Number	Number	Type	Method
	of share held at 31.12.2015	of share acquired/ subscribed	of share assigned	of share sold	of share held at 31.12.2016	of holding	of holding
Total (7 senior mgt)	39.220	2.150	---	---	41.370	Owner	Direct