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: intent