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Florence November 28, 2013

Notice to the Unitholders of the Closed End Fund EMILIA VENTURE

Notice is hereby given that the Board of Directors of MPVENTURE SGR Spa on November  28, 2013, making use of its powers under the current Fund Rules (Section A – Identification Form), has resolved, with the consent of the Board of Statutory Auditors, to extend the duration of the Fund EMILIA VENTURE until March 1, 2017 for the sole purpose of completing the divestments of the portfolio's assets, in the interest of the Fund's Unitholders.