History of Parmalat

The history of Parmalat, which started in 1961, can be divided into three main periods:

• The new Parmalat S.p.A. established on October 1st, 2005. On October 6, 2005, the company was listed on the Milan Stock Exchange. Parmalat S.p.A. is the Parent Company of the new Parmalat Group; a public company with a wide-spread shareholders base established as a result of the approval of the Composition with Creditors. It is a different legal entity from Parmalat S.p.A. under Extraordinary Administration.
• Parmalat S.p.A. and Parmalat Finanziaria S.p.A. in Extraordinary Administration between January 2004 and September 2005. This is the period after the financial scandal and the process of establishing what would later become the new Parmalat S.p.A. The Composition with Creditors (basically a debt-to-equity swap), which was an integral part of the Restructuring Plan of the Parmalat Group, has been the final outcome of the Extraordinary Administration procedure with which 16 companies (Parmalat Finanziaria S.p.A., Parmalat S.p.A., Centro Latte Centallo S.r.l., Contal S.r.l., Eurolat S.p.A., Parmengineering S.r.l., Geslat S.r.l., Lactis S.p.A., Newco S.r.l., Panna Elena CPC S.r.l., Olex SA, Parmalat Soparfi SA, Dairies Holding International BV, Parmalat Capital Netherlands BV, Parmalat Finance Corporation BV, Parmalat Netherlands BV and its controlled subsidiaries that were parties to the Proposal of Composition) passed to Parmalat S.p.A, giving birth to the new Parmalat Group. You can find all historical information and documents related to Extraordinary Administration and Composition with Creditors on the website www.ripartiparmalatas.it and on Parma Court website www.tribunaleparma.it
• Parmalat Finanziaria S.p.A represents the period of the "old" Parmalat which has its origins in 1961 and which ended in December 2003 with the outbreak of the financial scandal and the resulting Extraordinary Administration procedure.