Buongiorno S.p.A ("Buongiorno", "the Company" or "the Group") Pre-Close Statement

Buongiorno S.p.A ("Buongiorno", "the Company" or "the Group") Pre-Close Statement

LONDON and MILAN, February 16/PRNewswire/ -- Buongiorno S.p.A. (MTA, Borsa Italiana: BNG), a leading multinational in digital entertainment, today provides a review of the Company's preliminary financial results for the year ended 31 December 2008.

          Highlights      - Review reveals revenues of EUR 315 million and EBITDA of EUR40 million       - at the upper end of guidance forecasts      - Q4 2008 the most profitable quarter in the Group's history      - Q4 revenue up 80% to EUR83 million (Q4 2007: EUR46 million)      - Q4 EBITDA up 87% to EUR13.1 million (Q4 2007: EUR7 million)      - Cost reduction objectives associated with acquisition of       iTouch met 6 months in advance, resulting in EUR10 million in savings  

Despite several changes to the regulatory and competitive environment slowing demand in some of the European countries, Buongiorno experienced significant growth in Q4 2008. Buongiorno's revenue and profit growth has been primarily driven by the following factors:

1. an overall increase in the number of customers subscribing to Mobile Content 1.0 - BlinkoGold services, which grew to more than 6 million unique subscribers, with a significant share of new subscribers in geographical areas where BlinkoGold was recently launched;

2. the exclusive management on behalf of Movistar of mobile lottery initiatives called SuperContest in 12 Latin American countries and in Africa;

3. the progressive growth of solutions for telephone carriers (called "Full Portal") offered by Buongiorno.

"We are satisfied with the way 2008 ended and are moderately optimistic about our prospects in 2009," commented Andrea Casalini, Chief Executive Officer of Buongiorno S.p.A. "Despite the adverse macroeconomic environment, regulatory and industry trends that tend to slow down demand for first-generation mobile content services, and, strong competition in our segment of the market, we were still able to consolidate the 2007 pro-forma results with iTouch. This was achieved, through remaining highly commercially reactive, therefore able to provide timely guidance for growth opportunities in various geographical markets, and able to promptly cut costs to account for negative market dynamics in other countries or regions. We are especially pleased that we were able to integrate two complex Groups organized on an international level so successfully to have achieved the planned cost synergies without losing our commercial focus. Buongiorno's strength continues to lie in the team of professionals that comprise it. Thanks to them, we can look towards future developments, such as the launch of mobile content 2.0 services, with guarded confidence."

The Group's preliminary net financial position stood at net debt of approximately EUR67 million as of 31 December 2008 - an improvement of over EUR10 million compared to 30 September 2008, and falling in line with 31 December 2007.

          For further information, please contact:     ICIS     UK Financial Press and Financial     Analysts     Tom Moriarty or Fiona Conroy     Tel: +44-207-651-8688     Email: Fiona.Conroy@icisenet.com      BUONGIORNO     Eleonora Villanova     Global PR & IR Executive     Tel. +39-02-582131     Email: eleonora.villanova@buongiorno.com  

Source: Buongiorno S.p.A

For further information, please contact: ICIS, UK Financial Press and Financial, Analysts, Tom Moriarty or Fiona Conroy, Tel: +44-207-651-8688, Email: Fiona.Conroy@icisenet.com; BUONGIORNO, Eleonora Villanova, Global PR & IR Executive, Tel. +39-02-582131, Email: eleonora.villanova@buongiorno.com

---

Profile: International Entertainment