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<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p>&nbsp;</o:p></span></p>

<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p>&nbsp;</o:p></span></p>

<p class=MsoNormal><o:p>&nbsp;</o:p></p>

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<p class=MsoNormal>&nbsp;<o:p></o:p></p>

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  <p class=MsoNormal align=center style='text-align:center'><a
  href="http://www.csi-sanpatrignano.org/en/"><span style='text-decoration:
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  <p class=newslettertitlepiccolo style='text-align:justify'><strong><span
  style='font-family:"Verdana","sans-serif"'><a
  href="http://www.csi-sanpatrignano.org/en/csi-san-patrignano-riding-%E2%80%9Cboutique%E2%80%9D"></a></span></strong><!--[if gte vml 1]><v:shapetype 
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  href="http://www.csi-sanpatrignano.org/en/csi-san-patrignano-riding-%E2%80%9Cboutique%E2%80%9D"><img
  border=0 width=180 height=105 src="cid:image001.jpg@01CB2278.C3A15060"
  align=left hspace=10 vspace=5 alt=sanpa v:shapes="_x0000_s1026"></a><![endif]><a
  href="http://www.csi-sanpatrignano.org/en/csi-san-patrignano-riding-%E2%80%9Cboutique%E2%80%9D"></a><a
  href="http://www.csi-sanpatrignano.org/en/csi-san-patrignano-riding-%E2%80%9Cboutique%E2%80%9D"><span
  style='color:#666666;text-decoration:none'>CSI San Patrignano, a riding
  &#8220;boutique&#8221;</span></a> <o:p></o:p></p>
  <p style='text-align:justify;line-height:13.5pt'><span style='font-size:8.5pt;
  font-family:"Verdana","sans-serif";color:black'>&nbsp;&#8220;In riding, there are
  competitions that are like department stores, where you can find everything,
  and others that are more similar to boutiques, where quality is the
  keynote.&quot; <strong><span style='font-family:"Verdana","sans-serif"'>Stefano
  Morriale</span></strong>, the right-hand man of <strong><span
  style='font-family:"Verdana","sans-serif"'>Eleonora Ottaviani</span></strong>...<a
  href="http://www.csi-sanpatrignano.org/en/csi-san-patrignano-riding-%E2%80%9Cboutique%E2%80%9D"><span
  style='color:black'>Read More ...</span></a><o:p></o:p></span></p>
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  style='font-size:8.5pt;font-family:"Verdana","sans-serif";color:black'><a
  href="http://www.csi-sanpatrignano.org/en/san-patrignano-wefree-contest"></a></span></strong><!--[if gte vml 1]><v:shape 
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  align=left hspace=10 vspace=5 alt=wefree v:shapes="_x0000_s1027"></a><![endif]><b><span
  style='font-size:8.5pt;font-family:"Verdana","sans-serif";color:black'><a
  href="http://www.csi-sanpatrignano.org/en/san-patrignano-wefree-contest"></a></span></b><span
  class=newslettertitlepiccolo1><span style='font-size:9.0pt'><a
  href="http://www.csi-sanpatrignano.org/en/san-patrignano-wefree-contest"><span
  style='color:#666666;text-decoration:none'>San Patrignano, a WeFree contest</span></a></span></span><span
  style='font-size:8.5pt;font-family:"Verdana","sans-serif";color:black'><o:p></o:p></span></p>
  <p style='text-align:justify;line-height:13.5pt'><strong><span
  style='font-size:8.5pt;font-family:"Verdana","sans-serif";color:black'>Jumping
  beyond drugs</span></strong><span style='font-size:8.5pt;font-family:"Verdana","sans-serif";
  color:black'>. This is definitely an image, but this figure will once again
  takes concrete form during the <strong><span style='font-family:"Verdana","sans-serif"'>14th
  CSI 5* Vincenzo Muccioli Challenge</span></strong>, facing the <strong><span
  style='font-family:"Verdana","sans-serif"'>WeFree</span></strong> contest,
  the first of nine competitions scheduled over the three days.<a
  href="http://www.csi-sanpatrignano.org/en/san-patrignano-wefree-contest"><span
  style='color:black'>Read more ...</span></a><o:p></o:p></span></p>
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 <tr>
  <td style='padding:3.75pt 2.25pt 3.75pt 7.5pt'>
  <p class=MsoNormal style='text-align:justify;line-height:13.5pt'><span
  style='font-size:8.5pt;font-family:"Verdana","sans-serif";color:black'>&nbsp;<o:p></o:p></span></p>
  </td>
 </tr>
 <tr>
  <td style='padding:3.75pt 2.25pt 3.75pt 7.5pt'>
  <p class=newslettertitlepiccolo style='text-align:justify'><strong><span
  style='font-family:"Verdana","sans-serif"'><a
  href="http://www.csi-sanpatrignano.org/en/investing-quality"></a></span></strong><!--[if gte vml 1]><v:shape 
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  href="http://www.csi-sanpatrignano.org/en/investing-quality"><img border=0
  width=180 height=105 src="cid:image003.jpg@01CB2278.C3A15060" align=left
  hspace=10 vspace=5 alt=miserocchi v:shapes="_x0000_s1028"></a><![endif]><a
  href="http://www.csi-sanpatrignano.org/en/investing-quality"></a><a
  href="http://www.csi-sanpatrignano.org/en/investing-quality"><span
  style='color:#666666;text-decoration:none'>Investing in quality</span></a><o:p></o:p></p>
  <p style='text-align:justify;line-height:13.5pt'><span style='font-size:8.5pt;
  font-family:"Verdana","sans-serif";color:black'>&nbsp;&#8220;<strong><span
  style='font-family:"Verdana","sans-serif"'>Sport, environment and social work</span></strong>:
  these are the three strong points of our contest and the reasons that
  convince companies to support us.&#8221; <strong><span style='font-family:"Verdana","sans-serif"'>Fabrizio
  Miserocchi</span></strong> is the show manager of the CSI 5* Vincenzo
  Muccioli Challenge...<a
  href="http://www.csi-sanpatrignano.org/en/investing-quality"><span
  style='color:black'>Read More ...</span></a><o:p></o:p></span></p>
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  style='font-size:8.5pt;font-family:"Verdana","sans-serif";color:black'>&nbsp;<o:p></o:p></span></p>
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