Campari Group

Code of Ethics

Last update: 07/06/2012

The Group, in line with the national and international best practices as regards corporate governance, approves this Code in order to develop its business in compliance with the principles of transparency and fairness, seeking the maximum success of Campari products whilst respecting ethical principles and values.

The Code aims at re-affirming the principles of equity, loyalty and professional integrity which are the basis of behaviour for those who act on behalf of the Group, both as regards internal relations and relations with third parties.

Among the initiatives aimed at securing disclosure to the management operations and transparent communication to the investors and the financial market, Davide Campari-Milano S.p.A. has outlined a corporate governance system which adopts the provisions of the "Code of Conduct of listed companies" drawn up by the Committee for the corporate governance of listed companies and issued by the Italian Stock Exchange and is inspired by national and international best practice.