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Financial Statements of subsidiaries

• Rai Cinema S.p.A.
• 01 Distribution S.r.l.
• Rai Click S.p.A.
• Rai Corporation - Italian Radio TV System
• Rai Corporation Canada - Italian Radio TV System
• NewCo Rai International S.p.A.
• RaiNet S.p.A.
• RaiSat S.p.A.
• Rai Trade S.p.A.
• Rai Way S.p.A.
• Sacis S.p.A. - Commerciale Iniziative Spettacolo (in liquidation)
• Sipra S.p.A. - Societa Italiana Pubblicita' per Azioni