TREVI : L'ACC?L?RATION DE LA CROISSANCE CONTINUE PENDANT LE PREMIER TRIMESTRE 2006

Cesena, le 15 mai 2006

. CA total : 163,2 millions d'euros (+92,4 % d'une année sur l'autre)

. EBITDA : 24,6 millions d'euros (+191,5 %) avec une marge de 15,1 % sur la totalité de revenues

. EBIT: 16.1 million d'euros (+371.1 %) avec une marge de 9.9% sur la totalité de revenues

. Résultat courant : 12,7 millions d'euros, avec une augmentation de 9,3 millions d'euros

. Résultat net d'exploitation intérêts minoritaires : 6,5 millions d'euros, avec une croissance approximative de 5 millions d'euros par rapport au premier trimestre 2005

The Board of Directors of TREVI – Finanziaria Industriale SpA (MI:TFI), holding company of the TREVI Group – one of the world's leader in underground and foundation engineering and in the construction of machinery for foundations and for oil, water, and gas drilling – has approved the consolidated quarterly interim report for the quarter ending on 31 March 2006.

Consolidated total revenues increased by € 84.8 million (mn) in the first quarter of the previous financial year (1Q05) to € 163.2 million in the first quarter of the current year (1Q06) (+92.4%). EBITDA totalled € 24.6 mn (+191.5%) with a 15.1% margin on revenues. After deduction of depreciation & amortisation of € 5.9 mn and risk provisions of € 2.6 mn, EBIT grew by 371% to € 16.1 mn (with a margin of 9.88% on total revenues). In 1Q05 EBIT had amounted to € 3.4 mn (with a 4% margin on total revenues).

Jobs won in all foreign markets are proceeding according to schedule with excellent results, particularly in the Middle East, West Africa, and America. In the second quarter execution of recently won jobs is due to start. In 1Q06 oil drilling services in Venezuela, Colombia, and Argentina continued with good results.

As 31 March 2006 the Trevi Group's negative net financial position featured debt amounting to € 136.3 mn due to the increase in working capital (net debt as at 31 March 2005 was € 154.8 mn and at 31 December 2005 € 126 mn).

Net finance expense of € 2.2 mn was substantially unchanged vs. 1Q05. Net foreign exchange losses amounted to € -1.2 mn (vs. gains of € 1.9 mn in the previous quarter) and reflected, as regards the portion in US dollars and in currencies linked to the same currency area, depreciation of the dollar against the euro.

The order book reached the record level of € 578 mn and showed clear improvement over the previous year (+53.2%).

For Trevi's Chairman, Davide Trevisan, "These results confirm the exceptional performance of the mechanical engineering sector (Soilmec and Drillmec), which has increased its total revenues by some 155%, and of all companies in the International sector of the Trevi Division, headed by those located in the Middle East and North America, which has been the other strength of the entire Group, especially from the profitability standpoint. Compared with the first quarter of the previous year the Italian sector has also improved its profitability, albeit in the presence of the well-known difficulties concerning start-up of execution of major infrastructure works".

About Trevi:

Trevi Group is a worldwide leader in the field of soil engineering (special foundations, tunnel excavations, soil consolidations and execution and marketing of special rigs and equipment relevant to this engineering sector); the Group is also very active in the drilling field (oil, gas and water), both with regard to the production of plants and to the services supplied, but also to the execution of mechanised, underground car parks.

The Group was established in 1957 and today has 21 branches in as many countries. Its success is due to the vertical integration of the main divisions making up the Group: Trevi, the division that supplies special services in the field of soil engineering and drilling, Soilmec, the division that produces and develops rigs and equipment for soil engineering, and Drillmec S.p.A., the division that produces and develops drilling rigs (oil, gas and water).

The holding has been listed in the Milan Stock Exchange since July 1999. Total revenues in 2005 amounted to € 496,6 millions (while the production value amounted to € 506,8 millions), with an Ebitda equal to € 55,3 millions.

More info in the web site: www.trevifin.com

For further info:

Investor Relations:

Stefano Campana 0547 319 411 [email protected]

Alessandro Soldati 0547 319407 [email protected]

Press Office:

Studio Mailander 011 5527 311

Carolina Mailander 335 6555651

Bruno Caprioli 335 590140