Fund Tecla: exercised the right pre-emption over a property.The public offering close on 1/03/04

Feb 26 2004

- the Ministry of Culture has exercised its right of pre-emption over the property in via Cavour, Florence, on behalf of the Region of Tuscany

- the offeror Tiglio will transfer 65, instead of 66 properties to the fund, and cash corresponding to the market value of the property in via Cavour

- consequently the Public Offering is being extended by one day