FINANCIAL RELEASE Dmail Group S.p.a.

Milan, 24 September 2012 - Dmail Group S.p.A., company listed in the MTA segment of Borsa

Italiana, informs that, earlier today, the Board of Directors of Dmail Group S.p.A. met for an update on the review of the most appropriate measures to be taken in relation to the equity, economic and financial situation of the Company and its business outlook. As already mentioned in the press release dated 27
August 2012 and 13 September 2012, the Company examined the scenarios generated in the event of application for the procedure under Law 134 dated 7 August 2012. Furthermore, contacts were established and are being maintained with the reference shareholders, but under present conditions none of them has positively shown its availability to underwrite the Company's recapitalization nor to grant loans in favour of the latter.
In the light of the current situation and based on the information currently available, pending the possible identification of alternative solutions, the Board of Directors held earlier today, in order to achieve the protective effects on the Company's assets which are provided by the applicable regulations and for the protection of all the interests involved, and particularly those of its creditors, discussed on and resolved to file application for the so-called automatic protection from creditors pursuant to Article 161 (6) of R.D. n.
267 dated 16 March 1942, as modified in the light of the aforementioned rules, within the scope of which it reserves to submit an agreement for the restructuring of debts, for the purposes of Article 182-bis of the aforementioned R.D. 267/42. The Board of Directors, therefore, attributed to the Chairman the necessary powers to lodge the application with the Court of Milan in the shortest possible technical times.
With reference to the extraordinary meeting of the shareholders of the Company, already called for 26
October, on first calling, and, if needed, on 29 and 30 October 2012, respectively on second and third calling, under present circumstances the Board of Directors deems that, holding into account today's decision approved by the Board, in the event it were not possible to submit to the Meeting any alternative proposals for recapitalization, the extraordinary part of the Meeting could centre on resolutions for the liquidation of the Company and the appointment of a liquidating board, consisting of one or more liquidators appointed among the candidates nominated by the shareholders during the meeting and working within the purposes of the law.
However, the Company deems it proper to pursue over the next few weeks a search for any possible interest of any third parties to take part in a recapitalization of the Company or to examine in further depth possible measures that might ensure the continuation of business. In any event, the Board of Directors reserves the possibility to examine restructuring plans which might allow the Company to overcome the current critical conditions.
It should also be pointed out that a major advisor assisted the Company in the procedure for the restructuring of debt and the search for third parties possibly interested in purchasing the Company's assets.

If any actual interest were shown, the Company would provide promptly to inform the market for the purposes of the applicable regulations, also reserving to submit to the meeting, where technically possible on account of the short times provided in the rules for public availability of the meeting's minutes, any alternative recapitalization proposals.

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Dmail Group S.p.A.

Angelo Rodolfi Investor Relator Tel. 02 5522941


investor.relations@dmailgroup.it

Dmail Group S.p.A., listed in the MTA segment of Borsa Italiana, conducts its business in the segments of Media Commerce and

Local Media.

In the Media Commerce area, the Group is leader in the direct, multi-channel sales, particularly online, in Italy and abroad, of

innovative and good value products branded "Dmail - Idee utili e introvabili - www.dmail.it", "Dcomfort - Idee per vivere meglio -

www.dcomfort.it", "DGarden - Idee per vivere il tuo spazio verde - www.dgarden.it", "DPets - Idee per chi ama gli animali" -

www.dpets.it".

The publishing activities are managed through Dmedia Group, which controls Netweek, the leading local media network in Northern Italy. Consisting of 42 local publications, Netweek has a circulation of 600 thousand copies and more than 3.5 million weekly readers. Dmedia also publishes the website Netweek.it, the local news portal. Further information on the company is available on the website: www.dmailgroup.it.

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