THE BOARD OF DIRECTORS APPROVES THE FINANCIAL STATEMENTS FOR THE FIRST HALF OF 2012/2013

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1 THE BOARD OF DIRECTORS APPROVES THE FINANCIAL STATEMENTS FOR THE FIRST HALF OF 2012/2013 Highlights at 31 December 2012: 1st half Change Amounts in millions of euro 2012/ /2012 Amount % Revenues % Operating costs % Amortisation, write-downs and provisions % Operating income 17.3 (31.8) Net income 11.3 (34.6) Change At 31/12/2012 At 30/06/2012 Amount % Shareholders equity Net financial debt Continuing the trend of solid improvement in the economic performance, the first half of 2012/2013 financial year ended with profit of 11.3 million, posting a positive change of 45.9 million against the loss of 34.6 million registered in the same period a year earlier The forecast for the year 2012/2013 is a loss, although with a significant improvement over the previous year *.*.* Turin, 28 February 2013 The Board of Directors of Juventus Football Club S.p.A. chaired by Andrea Agnelli approved today the Half-yearly Financial Report at 31 December Continuing the trend of solid improvement in the economic performance, the first half of 2012/2013 financial year ended with profit of 11.3 million, posting a positive change of 45.9 million against the loss of 34.6 million registered in the same period a year earlier. The positive change is the result of the 64 million increase in revenues (+74.9% compared to the same period of the previous year), of which 42.8 million was due to television income related to the UEFA Champions League, a small increase in operating costs of 10.6 million (+11.6% compared to the first half of 2011/2012 financial year), as well as other net negative changes of 7.5 million. These include higher amortisation of players' registration rights ( 1.1 million), higher net provisions ( 3.6 million), higher net financial expenses ( 1.4 million) and finally, lower amortisation of other fixed assets ( 0.4 million). Shareholders equity at 31 December 2012 amounted to 75.7 million, registering an increase compared to the balance of 64.6 million at 30 June 2012, mainly due to the profit of the period.

2 Net financial debt at 31 December 2012 totalled million ( million at 30 June 2012). The increase in net financial debt of 21.9 million was caused by changes in investments ( million), operations ( million), and other net changes ( -3 million). The breakdown between current and non-current net financial debt at the end of the two periods is shown below. Amounts in millions of euro 31/12/ /06/2012 Current Non-current Total Current Non-current Total Financial assets* Cash and cash equivalents Total financial assets Financial payables due to leasing companies (2.2) (12.9) (15.1) (2.2) (14.0) (16.2) due to the Istituto per il Credito Sportivo (4.2) (49.9) (54.1) (4.1) (52.0) (56.1) due to banks (47.9) - (47.9) (54.4) - (54.4) due to factoring companies (37.0) - (37.0) (5.0) - (5.0) Other financial liabilities - (0.9) (0.9) - (0.8) (0.8) Total financial liabilities (91.3) (63.7) (155.0) (65.7) (66.8) (132.5) Net financial debt (90.0) (59.6) (149.6) (65.0) (62.7) (127.7) * This item is included as it refers to cash deposits in a current account pledged as collateral on the Istituto per il Credito Sportivo loan, recorded with financial payables. Significant events Football season On 11 August 2012, the First Team won the fifth Italian Super Cup in its history. In December 2012, the First Team qualified for the round of sixteen of the UEFA Champions League 2012/2013, ranking in first place in their round. In January 2013, the First Team was eliminated from the Italian Cup tournament in the semi-final round; the Primavera Team qualified for its Italian Cup final. Transfer Campaigns 2012/2013 Acquisitions and disposals Transactions completed in the first and second phases of the 2012/2013 Transfer Campaign led invested capital to rise by 51.2 million, as a result of acquisitions totalling 66.9 million and disposals totalling 15.7 million (net book value of the disposed rights). The net capital gains generated by the disposals total 8.2 million. In addition, temporary acquisitions and disposals added a net 0.8 million in gains to the income statement. The net total financial commitment (including capitalised auxiliary expenses as well as financial income and expenses implicit on deferred receipts and payments) comes to 44 million, distributed as follows: 26.8 million in the 2012/2013 financial year, 8.8 million in the 2013/2014 financial year, and 8.4 million in the 2014/2015 financial year.

3 Renewal of players' contracts Taking effect as of 1 July 2012, contracts were renewed for the registration rights to the football players Andrea Barzagli (until 30 June 2015), Leonardo Bonucci (until 30 June 2017), Paolo De Ceglie (until 30 June 2017), Alessandro Matri (until 30 June 2017), and Felipe Melo de Carvalho (until 30 June 2015). Taking effect as of 1 February 2013, the player's contract of the football player Gianluigi Buffon was renewed until 30 June This extension will lead to lower amortisations for 1.4 million in the 2012/2013 financial year. Termination of players contracts In December 2012, the parties mutually agreed the termination of Lucio Lucimar Ferreira's contract ahead of its expiry date of 30 June This transaction will imply savings in terms of lower wages and net of losses, for a total of 1.9 million. New Jeep Sponsorship Following a three year agreement signed on 23 July 2012, the Fiat Group became the sole Juventus jersey sponsor for all competitions, against a fixed total payment of 35 million, as well as the supply of group vehicles. In the current football season, the Jeep logo is on the jerseys. The Continassa Project On 24 July 2012, Juventus and the City of Turin signed an agreement, updating the preliminary agreement made on 11 June On 22 December 2012, the City of Turin Council approved Partial Variation no. 277 to the P.R.G. (General Master Plan) in force and the redevelopment proposal for the Continassa Area, adjacent to the Juventus Stadium, and currently seriously run-down and abandoned. As a result, Juventus will acquire a renewable long-term lease from the City of Turin, for a period of 99 years, on a portion of the Continassa Area, equal to 180,000 square metres ("Juventus Area"), and the related Gross Floor Area (GFA) totalling 33,000 square metres, to house the new Training and Media Centre for the First Team, tourism and hotel establishments, entertainment activities, private residences as well as businesses, restaurants and support services. The price, as identified in the report by the expert assigned by the City of Turin, has been set at 11.7 million, which assigns a value of about 355 per square metre of GFA (totalling 33,000 square metres) and 65 per square metre for the long-term lease (totalling 180,000 square metres). Juventus has already paid the City of Turin advances of 7.5 million; the remaining 4.2 million will be paid by 31 December A GFA of 5,000 square metres, owned by by Juventus, shall also be transferred to the Juventus Area, for the construction of premises to house the new headquarters.

4 Business outlook The forecast for the 2012/2013 financial year is for a loss, although with a significant improvement over the previous year due to the fact that the negative economic effects (amortisation and salaries) resulting from the renewal process for the First Team bench are partially offset by revenues from the participation in the UEFA Champions League and further moderate increase in revenues from the stadium and television and radio rights. Furthermore, the team's performance in the season finals may still have considerable impact on the results of the financial year. *.*.* Pursuant to Article 154 bis (2) of the Consolidated Law on Finance the manager responsible for preparing the Company s financial reports Marco Re declares that the accounting information contained in this press release corresponds to the document results, books and accounting records. PRESS OFFICE Claudio Albanese Tel INVESTOR RELATIONS Marco Re Tel

5 STATEMENT OF FINANCIAL POSITION Amounts in euros 31/12/ /06/2012 Change Non-current assets Players registration rights 141,293, ,094,687 23,198,974 Other intangible assets 30,316,124 30,258,034 58,090 Intangible assets in progress 10,000 10,000 - Land and buildings 126,218, ,023,632 (804,815) Other tangible assets 35,519,810 37,841,039 (2,321,229) Tangible assets in progress 265, ,821 (304,139) Non-current financial assets 4,100,000 4,100,000 - Deferred tax assets 4,196,457 4,232,742 (36,285) Receivables due from football clubs for transfer campaigns 27,893,797 11,663,758 16,230,039 Other non-current assets 3,184,405 19,948,093 (16,763,688) Total non-current assets 372,998, ,741,806 19,256,947 Current assets Trade receivables 26,353,455 25,469, ,869 Non financial receivables from related parties 1,171, , ,841 Receivables due from football clubs for transfer campaigns 30,490,566 29,170,545 1,320,021 Other current assets 21,441,337 4,012,633 17,428,704 Cash and cash equivalents 1,337, , ,919 Total current assets 80,794,723 59,716,369 21,078,354 Advances to suppliers Non-current advances to suppliers 12,624,363 12,690,566 (66,203) Current advances to suppliers 11,623,851 1,631,606 9,992,245 Total advances to suppliers 24,248,214 14,322,172 9,926,042 TOTAL ASSETS 478,041, ,780,347 50,261,343

6 STATEMENT OF FINANCIAL POSITION Amounts in euros 31/12/ /06/2012 Change Shareholders' Equity Share capital 8,182,133 8,182,133 - Share premium reserve 57,149, ,840,013 (48,690,835) Cash flow hedge reserve (860,507) (759,013) (101,494) Net income 11,275,977 (48,654,550) 59,930,527 Shareholders equity 75,746,781 64,608,583 11,138,198 Non-current liabilities Provisions for employee benefits 2,043,989 2,043,989 - Loans and other financial payables 62,870,351 66,041,639 (3,171,288) Non current financial liabilities 860, , ,494 Payables due to football clubs for transfer campaigns 46,426,568 29,281,315 17,145,253 Deferred tax liabilities 5,358,628 5,437,911 (79,283) Other non-current liabilities 824,160 1,014,592 (190,432) Total non-current liabilities 118,384, ,578,459 13,805,744 Current liabilities Provisions for risks and charges 3,975,529 5,753,265 (1,777,736) Loans and other financial payables 91,322,249 65,650,478 25,671,771 Current financial liabilities 15,465 12,500 2,965 Trade payables 14,997,865 16,938,746 (1,940,881) Non financial payables due to related parties 449, ,946 (464,309) Payables due to football clubs for transfer campaigns 71,981,142 63,624,814 8,356,328 Other current liabilities 31,849,317 40,989,152 (9,139,835) Total current liabilities 214,591, ,882,901 20,708,303 Advances from customers Non-current advances from customers 42,810,268 44,662,005 (1,851,737) Current advances from customers 26,509,234 20,048,399 6,460,835 Total advances from customers 69,319,502 64,710,404 4,609,098 TOTAL LIABILITIES 478,041, ,780,347 50,261,343

7 INCOME STATEMENT Financial year 2011/2012 Amounts in euro 2012/ /2012 Change 31,824,261 Ticket sales 19,640,336 14,016,513 5,623,823 90,581,926 Television and radio rights and media revenues 90,545,151 35,726,512 54,818,639 53,452,409 Revenues from sponsorship and advertising 24,488,743 23,932, ,235 18,433,501 Revenues from players registration rights 6,633,779 7,018,364 (384,585) 19,494,134 Other revenues 8,109,660 4,680,729 3,428, ,786,231 Total revenues 149,417,669 85,374,626 64,043,043 (2,588,125) Purchase of materials, supplies and other consumables (1,692,559) (1,476,570) (215,989) (41,162,241) External services (21,736,513) (19,025,960) (2,710,553) (137,131,802) Players wages and technical staff costs (65,641,195) (61,698,046) (3,943,149) (12,959,489) Other personnel (5,619,947) (4,947,750) (672,197) (6,297,027) Expenses from players registration rights (3,155,908) (1,480,054) (1,675,854) (6,179,816) Other expenses (4,096,656) (2,624,541) (1,472,115) (206,318,500) Total operating costs (101,942,778) (91,252,921) (10,689,857) (52,304,836) Amortisation and write-downs of players registration rights (24,217,444) (23,117,438) (1,100,006) (6,794,484) Amortisation of other tangible and intangible assets (4,042,082) (4,476,509) 434,427 10,443,216 Provisions and other write-downs/reverses and releases (1,923,474) 1,707,000 (3,630,474) (41,188,373) Operating income 17,291,891 (31,765,242) 49,057,133 1,380,876 Financial income 1,197, , ,014 (6,111,132) Financial expenses (4,706,959) (2,888,530) (1,818,429) (45,918,629) Income/(loss) before taxes 13,782,850 (33,907,868) 47,690,718 (3,788,628) Current taxes (2,586,156) (1,415,367) (1,170,789) 1,052,707 Deferred taxes 79, ,840 (615,557) (48,654,550) INCOME/(LOSS) FOR THE PERIOD 11,275,977 (34,628,395) 45,904,372 (0.09) BASIC INCOME/(LOSS) PER SHARE FOR THE PERIOD 0.01 (0.17) 0.18 STATEMENT OF COMPREHENSIVE INCOME Financial year 2011/2012 Amounts in euros 2012/ /2012 Change (48,654,550) INCOME/(LOSS) FOR THE PERIOD (A) 11,275,977 (34,628,395) 45,904,372 (720,658) Other income (loss) recorded in cash flow hedge reserve (101,494) (574,138) 472,644 - Fiscal effect related to other income (loss) (720,658) Total other income (loss), net of the fiscal effect (B) (101,494) (574,138) 472,644 (49,375,208) COMPREHENSIVE INCOME/(LOSS) (A+B) 11,174,483 (35,202,533) 46,377,016

8 STATEMENT OF CASH FLOWS Amounts in euro 2012/ /2012 Income/(loss) before taxes 13,782,850 (33,907,868) Non-cash items: amortisation, depreciation and write-down 28,259,527 27,593,948 other write-backs and releases - (1,830,000) employee benefit liability and other provisions 1,626, ,662 gains on disposal of players registration rights (5,766,300) (5,943,224) gains on disposal of other fixed assets (12,440) (12,440) losses on disposal of players registration rights 826, ,294 financial income (1,197,918) (745,905) financial expenses 4,706,959 2,888,530 Change in trade receivables and other non-financial activities (4,523,919) (1,296,842) Change in trade payables and other non-financial liabilities (6,921,816) 20,808,422 Income taxes paid (2,538,796) (370,125) Utilisation in employee benefit liability and other provisions (3,404,098) (7,841,196) Net cash from (used in) operating activities 24,837,331 40,256 Investments in players registration rights (62,986,850) (91,001,235) Increase (decrease) of payables related to players registration rights 23,777,809 32,619,804 Disposals of players registration rights 20,509,812 11,316,616 (Increase) decrease of receivables related to players registration rights (16,667,545) 8,512,407 Investments in other fixed assets (837,112) (21,682,954) Increase (decrease) of payables related to purchases of other fixed assets (243,440) (14,322,380) Advances paid for the Continassa Project (7,462,365) - Disposals of other fixed assets 167,121 14,700 (Increase) decrease of receivables related to disposals of other fixed assets - 1,000,000 Interest income 22, ,327 Net cash from (used in) investing activities (43,720,359) (73,424,715) Share issue, net of the relative cost - 71,980,361 New loan/financial lease - 12,900,000 Repayment of medium-long term loans (2,011,967) (1,926,598) Financial lease repayments (1,039,995) (1,035,056) Interest on medium-long term loans (1,229,532) (438,300) Interest on financial lease (153,796) (244,436) Other interest expenses (1,367,348) (1,150,431) Other movements related to financing activities (186,545) (103,239) Net cash from (used in) financing activities (5,989,183) 79,982,301 Net cash from (used in) the period (24,872,211) 6,597,842 Changes in cash and bank overdrafts: Balances at the beginning of the period (58,781,248) (59,894,722) Balances at the end of the period (83,653,459) (53,296,880) Changes in cash and bank overdrafts (24,872,211) 6,597,842 Components of cash Cash and cash equivalents 1,337, ,103 Bank overdrafts (84,991,028) (54,284,983) Cash and cash equivalents at end of the period (83,653,459) (53,296,880)

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