PRESS RELEASE 16 June 2000, Torino

PRIMA INDUSTRIE: ACCOMPLISHED THE ACQUISITION OF CONVERGENT ENERGY IN U.S.A. The Board of Directors of Prima Industrie S.p.A. acknowledged the favorable conclusion of Convergent Energy acquisition in U.S.A. executed on June 7, 2000 in New York. The new Company has been denominated Convergent Prima, Inc. and will be consolidated with the accounts of the Prima Group as from May 1st, 2000

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