The Board of Directors approves the Interim Management Statement at 30th September 2008 and Financial Calendar 2009

The Board of Directors of CAD IT S.p.A., leader in the Italian financial software market and quoted in the STAR segment of Borsa Italiana, today approved the Interim Management Staement at 30th September 2008.

The main consolidated results of the third quarter 2008 are as follows:

• Value of Production of Euro 15.2 million compared to Euro 15.1 million in the third quarter of 2007
• Gross Operational Result (EBITDA) of Euro 3.9 million, corresponding to 25.5% of the Value of Production, compared to Euro 4.1 million in the third quarter of 2007 (27.2% of the Value of Production)
• Operational Result (EBIT) of Euro 3 million, corresponding to 20% of the Value of Production, compared to Euro 3.6 million in the third quarter of 2007 (23.6% of the Value of Production)
• Group Pre-tax Profit of Euro 3 million, corresponding to 19.6% of the Value of Production, compared to Euro 3.8 million in the third quarter of 2007 (24.9% of the value of Production).

The Net Consolidated Financial Position at 30th September 2008 is in credit by Euro 13.6 million compared to the Euro 14 million registered at 30th June 2008, the Euro 12.1 million registered at 31st December 2007 and the Euro 11.5 million at 30th September 2007.

Furthermore, the CAD IT Board of Directors announces that it has today approved the Financial Calendar 2009, in accordance with the Borsa Italiana STAR Market Regulations.