Meeting today at Longiano (Forlì), the Board of Directors of Targetti Sankey S.p.A. convened the company's shareholders to an Ordinary and Extraordinary General Meeting at 10.30 a.m. on 30 April 2003 (second convocation on 2 May 2003), defining also the agendas for the two meetings.

The items on the agenda for the Ordinary General Meeting concern the following: approval of the accounts for the year, destination of the net profit for the year, appointment of the new Board of Directors and determination of their emoluments, presentation of the consolidated balance sheet, and authorization for buying back and selling the company's own shares.

The Extraordinary General Meeting, on the other hand, is to deliberate on two capital increases to be made available to, respectively, a stock option plan for directors of the group leader and the subsidiary companies and a second stock option plan reserved for managers and employees of the group leader and the subsidiary companies.

The two capital increases in question will involve a maximum number of 1,500,000 new  ordinary shares, the equivalent of 8.5% of the present joint-stock capital of Targetti Sankey S.p.A. The new shares deriving from the increases may be underwritten by the beneficiaries of the plan in the period 2004-2007.

It should be recalled that the present Stock Option Plan intended for managers, consultants and employees of the Targetti Group, originally deliberated by the General Meeting of June 2000, will terminate in September of this year.

The draft balance sheet for 2002 is to be approved by the Board of Directors on 27 March 2003.

Contact: Fabio Norcini
Investor Relations Manager
Targetti Sankey S.p.A.
055 3791.299