INTERIM MANAGEMENT STATEMENTS

INTERIM MANAGEMENT STATEMENTS 31 03 15

JUVENTUS FOOTBALL CLUB S.P.A. REGISTERED OFFICE Corso Galileo Ferraris 32, 10128 Turin Contact Center 899.999.897 Fax +39 011 51 19 214 SHARE CAPITAL FULLY PAID 8,182,133.28 REGISTERED IN THE COMPANIES REGISTER Under no. 00470470014 REA no. 394963 Borsa Italiana S.p.A. share code: JUVE ISIN code: IT0000336518 Bloomberg ticker: JUVE IM Reuters ticker: JUVE.MI This document is available on the Internet at www.juventus.com INTERIM MANAGEMENT STATEMENTS 31 03 15

02 JUVENTUS FOOTBALL CLUB S.P.A.

CONTENTS Board of Directors, Board of Statutory Auditors and Independent Auditors 5 Significant events 6 Business outlook 9 Statement of financial position at 31 March 2015 10 Income Statement and Statement of comprehensive income for the period 1 July 2014 31 March 2015 12 Income Statement and statement of comprehensive income for the third quarter of the 2014/2015 financial year 13 Notes 14 INTERIM MANAGEMENT STATEMENTS 31 03 15 03

04 JUVENTUS FOOTBALL CLUB S.P.A.

BOARD OF DIRECTORS, BOARD OF STATUTORY AUDITORS AND INDEPENDENT AUDITORS BOARD OF DIRECTORS CHAIRMAN CHIEF EXECUTIVE OFFICER AND GENERAL MANAGER FOR THE SPORTS AREA CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER NON INDEPENDENT DIRECTORS * Coopted as non independent Director on 1 December 2014. INDEPENDENT DIRECTORS Andrea Agnelli Giuseppe Marotta Aldo Mazzia Maurizio Arrivabene* Pavel Nedved Enrico Vellano Giulia Bongiorno Paolo Garimberti Assia Grazioli Venier Camillo Venesio REMUNERATION AND APPOINTMENTS COMMITTEE Paolo Garimberti (Chairman), Maurizio Arrivabene and Camillo Venesio CONTROL AND RISK COMMITTEE Camillo Venesio (Chairman), Maurizio Arrivabene and Assia Grazioli Venier EXECUTIVE COMMITTEE Andrea Agnelli (Chairman), Giuseppe Marotta, Aldo Mazzia, Enrico Vellano and Camillo Venesio BOARD OF STATUTORY AUDITORS CHAIRMAN AUDITORS DEPUTY AUDITORS Paolo Piccatti Silvia Lirici Roberto Longo Nicoletta Paracchini Roberto Petrignani INDEPENDENT AUDITORS Reconta Ernst & Young S.p.A. Expiry of mandates The mandates of the Board of Directors and the Board of Statutory Auditors will expire with the Shareholders Meeting called to approve the Financial Statements as of 30 June 2015. The mandate for the Independent Auditors will expire with the Shareholders Meeting called to approve the Financial Statements as of 30 June 2021. INTERIM MANAGEMENT STATEMENTS 31 03 15 05

SIGNIFICANT EVENTS FOOTBALL SEASON The First Team qualified for the UEFA Champions League semifinals and Italian Cup final in April 2015. On 2 May 2015 the First Team won the Serie A Championship 2014/2015 for the fourth year in a row (33rd league title in the team's history) with four matches left to play and obtained direct access to the Group Stage of the next UEFA Champions League 2015/2016. UEFA LICENSES On 8 May 2015 the UEFA first instance licensing committee at FIGC, once examined the submitted documentation and verified its compliance to the criteria and parameters required by the regulations, issued Juventus a UEFA license for the 2015/2016 football season. TRANSFER CAMPAIGN SECOND PHASE PURCHASES AND DISPOSALS OF PLAYERS' REGISTRATION RIGHTS The transactions finalised in the second phase of the 2014/2015 Transfer Campaign, held from 5 January 2015 to 2 February 2015, have led to a total increase of invested capital of 7.8 million, resulting from acquisitions for 14.1 million and disposals for 6.3 million. The disposals generated net capital gains of 7.1 million. The net total financial commitment (including auxiliary expenses as well as financial income and expenses implicit on deferred receipts and payments) was positive by 1.5 million, distributed as follows: 0.2 million in the second half of the 2014/2015 financial year, +0.3 million in the 2015/2016 financial year, +0.3 million in the 2016/2017 financial year and +1.1 million in the 2017/2018 financial year. RENEWAL OF PLAYERS CONTRACTS In January 2015, the player's contract of the player Stephan Lichtsteiner was renewed until 30 June 2017. This extension will lead to lower amortisations of approximately 1.7 million in the second half of the 2014/2015 financial year. TERMINATION OF PLAYERS CONTRACTS In the second phase of the 2014/2015 Transfer Campaign, the contracts of Sebastian Giovinco and Marco Motta expiring on 30 June 2015 were terminated by mutual consent. These transactions resulted in a writedown of approximately 2.2 million of the remaining book value. LINE OF CREDIT GRANTED BY THE PARENT EXOR S.P.A. In the meeting of 23 January 2015, the Board of Directors of Juventus approved the opening of a line of credit for a maximum of 50 million granted by the parent company EXOR S.p.A. with effect from 1 February 2015. The transaction will allow both companies to optimize their financial management. Juventus will use this line of credit until its expiry on 31 December 2015, at an interest rate equal to one month Euribor plus a spread of 2 percent. Due to its value, this transaction constitutes a material transaction and was therefore submitted for prior examination to the meeting of the Committee for transactions with related parties of Juventus held on 19 January 2015. Following the assessments made, the Committee deemed that the transaction had conditions equivalent to market conditions and formed part of the ordinary exercise of the operating activities and the related financial management of Juventus. Accordingly, the Committee and the Board of Directors deemed that the transaction came under the cases of exclusion established by the Consob Regulation, adopted by resolution 17221 of 12 March 2010, containing provisions on Transactions with Related Parties, 06 JUVENTUS FOOTBALL CLUB S.P.A.

and the related Procedure adopted by Juventus. J MEDICAL On 8 January 2015, Juventus set up the company J Medical S.r.l. that will be managing an outpatient care, diagnostic, physiotherapy and sports medicine clinic in the Eastern section at the Juventus Stadium. This structure will manage the care and prevention needs of all Juventus teams and aims to become a benchmark clinic for sporting professionals and amateurs. As a partner in the initiative, Juventus chose the Santa Clara Group, which already manages several clinics and diagnostic centres in Piemonte and is also active in the field of Workplace Health and Safety, Environment and Education. On 3 February 2015, Juventus sold a 50% stake in J Medical for a total of 1.755 million and a profit of 1.75 million. In April, the renovation works of the area (about 3,500 square metres) adjacent to the Juventus Museum, which Juventus will lease to J Medical for its business, have begun. The centre is due to open to the public by January 2016. DIRECT MANAGEMENT OF LICENSING AND MERCHANDISING On 31 March 2015 Juventus notified Adidas, in accordance with the agreements signed on 23 October 2013, of its decision to directly manage the licensing and merchandising activities as of 1 July 2015. As a consequence, Juventus initiated the necessary internal projects at organizational and management level, including the implementation of a new information system able to oversee these new activities. MUTU/CHELSEA FC PROCEEDING On 1 October 2014, the hearing was held at the Tribunal Arbitral du Sport (TAS) on the Mutu/Chelsea FC proceeding. On 21 January 2015, the TAS notified the parties of the arbitration award on the dispute, which rejected in full the claims made by Chelsea FC and ordered it to pay court costs. This decision has no effect on the financial statements of Juventus, as the Company, fully aware of its position, had decided not to allocate any risk provisions for pending litigation. The proceeding has been definitively completed. INTERIM MANAGEMENT STATEMENTS 31 03 15 07

SHAREHOLDING STRUCTURE AND SHARE TREND Based on the latest information available, the share capital of Juventus Football Club S.p.A. is held 63.8% by the parent Exor S.p.A., 5% by Lindsell Train Ltd. and the remaining 31.2% is a free float on the Stock Exchange. The graph below shows the Juventus Football Club S.p.A. share price trend and average daily trading in the past twelve months. /m 12.0 10.0 Equity turnover Official price 0.4 0.3 8.0 6.0 0.2 4.0 0.1 2.0 0.0 0.0 7/5/14 16/7/14 25/9/14 11/6/14 4/12/14 19/2/15 5/5/15 08 JUVENTUS FOOTBALL CLUB S.P.A.

BUSINESS OUTLOOK In the current financial year, the Company allocated significant resources to further strengthen the First Team bench, keep talents on its staff and lay the foundation for the future inclusion of young players with excellent prospects. The operating result for the current year, to date forecast as a loss, is influenced by both an increase in ordinary management costs and an increase in variable revenues and costs more directly related to sports results that will be achieved in Italy and Europe. The Company s objective is to build on the improvement in financial performance achieved during the previous three financial years. INTERIM MANAGEMENT STATEMENTS 31 03 15 09

STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2015 Amounts in euro Notes 31/03/2015 30/06/2014 Change Noncurrent assets Players registration rights, net 1 128,639,456 119,898,751 8,740,705 Other intangible assets 31,326,132 30,784,511 541,621 Intangible assets in progress 13,860 19,710 (5,850) Land and buildings 2 134,711,507 126,033,479 8,678,028 Other tangible assets 26,393,490 29,430,552 (3,037,062) Tangible assets in progress 286,939 2,432,639 (2,145,700) Noncurrent financial assets 4,100,000 4,100,000 Deferred tax assets 4,865,712 5,544,837 (679,125) Receivables due from football clubs for transfer campaigns 3 18,150,267 29,722,973 (11,572,706) Other noncurrent assets 5 4,096,362 4,229,174 (132,812) Total noncurrent assets 352,583,725 352,196,626 387,099 Current assets Trade receivables 4 34,978,208 25,597,875 9,380,333 Trade and other receivables from related parties 936,843 6,718,170 (5,781,327) Receivables due from football clubs for transfer campaigns 3 33,173,880 68,042,398 (34,868,518) Other current assets 5 6,721,357 12,680,756 (5,959,399) Cash and cash equivalents 6 11,674,359 1,586,969 10,087,390 Total current assets 87,484,647 114,626,168 (27,141,521) Advances paid Noncurrent advances 25,355,709 24,042,232 1,313,477 Current advances 5,528,041 5,056,205 471,836 Advances paid, total 7 30,883,750 29,098,437 1,785,313 Total assets 470,952,122 495,921,231 (24,969,109) The Interim Management Statements at 31 March 2015 have not been audited. 10 JUVENTUS FOOTBALL CLUB S.P.A.

STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2015 Amounts in euro Notes 31/03/2015 30/06/2014 Change Shareholders' Equity Share capital 8,182,133 8,182,133 Share premium reserve 34,400,815 41,129,673 (6,728,858) Cash flow hedge reserve (279,070) (452,207) 173,137 Actuarial gains/(losses) reserve 441,331 (441,331) Loss for the period (5,789,964) (6,674,430) 884,466 Shareholders equity 8 36,513,914 42,626,500 (6,112,586) Noncurrent liabilities Provisions for employee benefits 5,894,559 (5,894,559) Loans and other financial payables 6 49,415,806 53,696,763 (4,280,957) Noncurrent financial liabilities 6 279,070 452,207 (173,137) Payables due to football clubs for transfer campaigns 9 28,278,533 28,608,212 (329,679) Deferred tax liabilities 5,818,128 5,582,904 235,224 Other noncurrent liabilities 10 3,260,084 1,684,368 1,575,716 Total noncurrent liabilities 87,051,621 95,919,013 (8,867,392) Current liabilities Provisions for risks and charges 2,272,079 1,158,413 1,113,666 Loans and other financial payables 6 123,153,415 157,557,661 (34,404,246) Financial payables due to related parties 6 50,000,000 50,000,000 Current financial liabilities 11,241 10,957 284 Trade payables 15,977,846 14,429,244 1,548,602 Trade and other payables to related parties 11 2,472,810 983,362 1,489,448 Payables due to football clubs for transfer campaigns 9 44,953,364 75,218,142 (30,264,778) Other current liabilities 10 40,587,219 55,778,562 (15,191,343) Total current liabilities 279,427,974 305,136,341 (25,708,367) Advances received Noncurrent advances 36,004,528 39,614,829 (3,610,301) Current advances 31,954,085 12,624,548 19,329,537 Advances received, total 12 67,958,613 52,239,377 15,719,236 Total liabilities 470,952,122 495,921,231 (24,969,109) The Interim Management Statements at 31 March 2015 have not been audited. INTERIM MANAGEMENT STATEMENTS 31 03 15 11

INCOME STATEMENT FOR THE PERIOD 1 JULY 2014 31 MARCH 2015 Financial year 2013/2014 Amounts in euro Notes Period closed on 31/03/2015 31/03/2014 Change 40,996,209 150,965,077 60,299,760 36,431,526 27,090,529 315,783,101 (3,471,449) (47,960,673) (167,886,939) (16,203,836) (3,830,440) (7,259,174) (246,612,511) (50,845,719) (8,216,286) (1,262,567) 8,846,018 3,131,807 (11,831,360) 146,465 (7,204,720) 383,825 (6,674,430) (0,01) Ticket sales Television and radio rights and media revenues Revenues from sponsorship and advertising Revenues from players registration rights Other revenues Total revenues Purchase of materials, supplies and other consumables External services Players wages and technical staff costs Other personnel Expenses from players registration rights Other expenses Total operating costs Amortisation and writedowns of players registration rights Amortisation of other tangible and intangible assets Provisions and other writedowns/reverses and releases Other nonrecurring revenues and costs Operating income Financial income Financial expenses Income/(loss) before taxes Current taxes Deferred taxes Profit/(loss) for the period Basic and diluted profit/(loss) per share for the period 13 14 15 16 33,012,143 133,386,498 39,299,704 14,710,322 16,664,208 237,072,875 (2,377,876) (32,126,896) (123,595,065) (11,895,363) (5,792,361) (6,287,276) (182,074,837) (42,287,716) (6,352,392) (1,195,347) 1,750,000 6,912,583 1,901,596 (8,678,703) 135,476 (5,065,520) (859,920) (5,789,964) (0,006) 31,490,955 123,445,869 38,589,006 20,672,180 15,013,957 229,211,967 (2,532,889) (33,563,489) (117,525,398) (9,486,483) (3,391,763) (5,173,392) (171,673,414) (37,135,729) (6,093,425) (458,318) 13,851,081 2,396,962 (8,804,864) 7,443,179 (4,339,000) (227,669) 2,876,510 0,003 1,521,188 9,940,629 710,698 (5,961,858) 1,650,251 7,860,908 155,013 1,436,593 (6,069,667) (2,408,880) (2,400,598) (1,113,884) (10,401,423) (5,151,987) (258,967) (737,029) 1,750,000 (6,938,498) (495,366) 126,161 (7,307,703) (726,520) (632,251) (8,666,474) (0,009) STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD 1 JULY 2014 31 MARCH 2015 Financial year 2013/2014 Amounts in euro Period closed on 31/03/2015 31/03/2014 Change (6,674,430) Profit/(loss) for the period (A) (5,789,964) 2,876,510 (8,666,474) 178,853 Other income (loss) recorded in cash flow hedge reserve 173,137 145,917 27,220 Tax effect related to total other Income (Loss) that will subsequently be reclassified in the income statement 178,853 Total Other Income (Loss) that will subsequently be reclassified in the income statement net of the tax effect (B1) 173,137 145,917 27,220 563,632 Other Income (Loss) entered in the actual gains (losses) reserve (441,331) (441,331) Tax effect related to total other Income (Loss) that will not subsequently be reclassified in the income statement 563,632 Total Other Income (Loss) that will not subsequently be reclassified in the income statement net of the tax effect (B2) (441,331) (441,331) 742,485 Total Other Income/(Loss), net of the tax effect (B)= (B1)+(B2) (268,194) 145,917 (414,111) (5,931,945) Comprehensive profit/(loss) for the period (A+B) (6,058,158) 3,022,427 (9,080,585) The Interim Management Statements at 31 March 2015 have not been audited. 12 JUVENTUS FOOTBALL CLUB S.P.A.

INCOME STATEMENT FOR THE THIRD QUARTER OF 2014/2015 Amounts in euro Notes III Quarter 2014/2015 III Quarter 2013/2014 Change Ticket sales 13,592,737 12,213,149 1,379,588 Television and radio rights and media revenues 41,906,364 36,757,313 5,149,051 Revenues from sponsorship and advertising 13,040,717 12,649,198 391,519 Revenues from players registration rights 7,726,428 7,032,090 694,338 Other revenues 4,613,472 5,367,088 (753,616) Total revenues 17 80,879,718 74,018,838 6,860,880 Purchase of materials, supplies and other consumables (814,721) (592,844) (221,877) External services (12,029,674) (10,846,793) (1,182,881) Players wages and technical staff costs (42,414,137) (40,262,692) (2,151,445) Other personnel (4,328,209) (3,380,934) (947,275) Expenses from players registration rights (1,126,068) (1,029,804) (96,264) Other expenses (1,928,713) (1,421,020) (507,693) Total operating costs 18 (62,641,522) (57,534,087) (5,107,435) Amortisation and writedowns of players registration rights 19 (12,928,463) (12,263,507) (664,956) Amortisation of other tangible and intangible assets (2,135,397) (2,042,765) (92,632) Provisions and other writedowns/reverses and releases (433,071) (192,168) (240,903) Other nonrecurring revenues and costs 16 1,750,000 1,750,000 Operating income 4,491,265 1,986,311 2,504,954 Financial income 418,564 676,719 (258,155) Financial expenses (2,263,225) (2,800,089) 536,864 Income/(loss) before taxes 2,646,604 (137,059) 2,783,663 Current taxes (1,688,507) (1,702,767) 14,260 Deferred taxes (28,617) (75,889) 47,272 Profit/(loss) for the period 929,480 (1,915,715) 2,845,195 Basic and diluted profit/(loss) per share for the period 0,001 (0,002) 0,003 STATEMENT OF COMPREHENSIVE INCOME FOR THE THIRD QUARTER OF 2014/2015 Amounts in euro III Quarter 2014/2015 III Quarter 2013/2014 Change Profit/(loss) for the period (A) 929,480 (1,915,715) 2,845,195 Other income (loss) recorded in cash flow hedge reserve 55,167 36,162 19,005 Tax effect related to total other Income (Loss) that will subsequently be reclassified in the income statement Total Other Income (Loss) that will subsequently be reclassified in the income statement net of the tax effect (B1) 55,167 36,162 19,005 Other Income (Loss) entered in the actual gains (losses) reserve Tax effect related to total other Income (Loss) that will not subsequently be reclassified in the income statement Total Other Income (Loss) that will not subsequently be reclassified in the income statement net of the tax effect (B2) Total Other Income/(Loss), net of the tax effect (B)= (B1)+(B2) 55,167 36,162 19,005 Comprehensive profit/(loss) for the period (A+B) 984,647 (1,879,553) 2,864,200 The Interim Management Statements at 31 March 2015 have not been audited. INTERIM MANAGEMENT STATEMENTS 31 03 15 13

NOTES ACCOUNTING PRINCIPLES The Interim Management Statements at 31 March 2015, concerning the first nine months and the third quarter of the 2014/2015 financial year, have been drawn up pursuant to Article 154ter, paragraph 5, of Legislative Decree 58 of 24 February 1998, as amended by Legislative Decree 195 of 6 November 2007. The accounting principles and policies used in drafting these management statements are the same as those used in preparing the Annual Report at 30 June 2014, in compliance with IFRS. Drafting the interim management statements requires the use of estimates and assumptions that have an effect on assets and liabilities and on information regarding potential assets and liabilities at the reporting date. The final results may differ from these estimates. The estimates and assumptions are reviewed periodically and the effects of every variation are reflected immediately in the income statement. These measurement processes, in particular more complex ones such as the determination of impairment in the value of assets, are generally made in full only when preparing the annual financial statements, when all the information that might be needed is available, except in cases where there are impairment indicators that demand an immediate evaluation of possible impairment losses. The Interim Management Statements at 31 March 2015 have not been audited. SEASONAL NATURE OF OPERATIONS The economic trend of the Company is characterised by a strong seasonal nature, typical of the sector, basically determined by participation in European championships, in particular the UEFA Champions League, by the calendar of sports events and by the two phases of the football player Transfer Campaign. Specifically: the calendar of sports events to which main revenue items are related and recognised in the income statement, has an impact on the trend of quarterly results and their comparison with figures for the same periods of previous years. This is because the main cost items not referable to single sports events (such as players wages and amortisation relative to registration rights) are recorded in the income statement on a straightline basis. Specifically, note that the revenues for broadcasting rights to the Series A championship and the Italian Cup (whose marketing is handled centrally by the Lega Nazionale Professionisti Serie A) are reported in the income statement by dividing the total, provided by the League, in equal parts based on the number and date of the home games. The revenues from UEFA Champions League, not linked to performance or to winning specific rounds, are reported in the income statement by dividing the total, provided by UEFA, in equal parts based on the number and date of the games played; the player Transfer Campaign may have significant economic and financial effects in July and August (first phase), in January (second phase), and in June (solely for the termination of the playersharing agreements). The Company s financial performance is also affected on a quarterly level by the seasonal nature of economic components; Furthermore, a number of revenue items show nonuniform financial patterns (receipts) with respect to the pertinent economic period. 14 JUVENTUS FOOTBALL CLUB S.P.A.

NOTES ON THE STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2015 1. PLAYERS REGISTRATION RIGHTS, NET The changes in the item are shown below: Amounts in thousands of euro Professionals Playersharing agreement payable Playersharing agreement Registered young players Total Book value Accumulated amortisation Allowance for doubtful accounts Balance at 30/06/2014 Investments Disinvestments (gross) Use of accumulated amortisation Use of allowance for doubtful accounts Disinvestments (net) Amortisation Writedown Reclassifications Balance at 31/03/2015 Book value Accumulated amortisation Allowance for doubtful accounts Balance at 31/03/2015 270,644 (173,820) (63) 96,761 65,487 (46,112) 33,165 2,293 (10,654) (37,058) (2,230) 3,826 116,132 295,565 (179,433) 116,132 21,163 (5,650) 15,513 157 (a) (535) 418 (117) (2,509) (2,717) 10,327 16,393 (6,066) 10,327 6,536 6,536 (5,445) (5,445) (1,079) 12 12 12 1,804 (715) 1,089 1,697 (216) 119 (97) (491) (30) 2,168 3,210 (1,042) 2,168 300,147 (180,185) (63) 119,899 67,341 (52,308) 33,702 2,293 (16,313) (40,058) (2,230) 128,639 315,180 (186,541) 128,639 (a) Increases for performance bonuses. INTERIM MANAGEMENT STATEMENTS 31 03 15 15

Below is an illustration of the main transactions related to players' registration rights during the Transfer Campaign 2014/2015, and other changes during the period: Amounts in thousands of euro Player Counterparty clubs Definitive acquisitions Brignoli Alberto * Ternana Calcio Bunino Christian * FC Pro Vercelli 1892 Cassata Francesco d'assisi * Empoli FC Coman Kingsley Junior Paris SaintGermain Footbal Djalo Taritolay Marcelo Amado Granada Club de Futbol Evra Patrice Latyr Manchester United FC Hidalgo Garcia Nicolas Granada Club de Futbol Morata Martin Alvaro Borja Real Madrid Club de Futbol Sturaro Stefano Genoa Cricket and FC Termination of playersharing agreements in favour of Juventus Belfasti Nazzareno FC Pro Vercelli 1892 Beltrame Stefano * UC Sampdoria Branescu Constantin Laurentiu * Virtus Lanciano 1924 Gallinetta Alberto Parma FC Magnusson Hordur Bjorgvin Spezia Calcio Marrone Luca US Sassuolo Pasquato Cristian Udinese Calcio Pinsoglio Carlo Vicenza Calcio Rugani Daniele * Empoli FC Spa Sorensen Frederik Hillesborg Bologna FC 1909 Troisi James Atalanta BC Other investments/increases (e) Total investments Price 1,750 1,750 1,500 1,034 1,511 (b) 2,000 20,000 (c) 7,500 (d) 500 1,000 1,200 700 1,000 5,000 1,500 700 3,500 800 1,000 IFRS value of rights (including expenses and bonuses) 1,825 1,741 1,500 1,678 (a) 1,007 2,012 1,945 20,734 7,102 521 1,000 1,200 700 953 4,760 2,235 700 3,321 766 1,000 10,641 67,341 Years of contract 5 5 3 5 3 2 3 5 5 4 4 5 3 4 5 3 3 5 4 2 (a) Includes FIFA Training Compensation of 310 thousand. (b) The acquisition price will increase by an additional 300 thousand due to Juventus qualification for the 2015/2016 UEFA Champions League. (c) The agreement contains an option right for Real Madrid, which may be exercised either at the end of the 2015/2016 football season or at the end of the 2016/ 2017 football season, for the definitive repurchase of the player's registration rights at preset values, up to a maximum of 30,000 thousand, based on the number of matches that the footballer plays in the season when the right is exercised. (d) Amount that includes the increase of 2,000 thousand recognised in January 2015 in relation to the payment to Genoa Cricket and FC of the performance bonus for the player in the first six months of the season and the early termination of the temporary disposal contract. The acquisition price could increase by an additional 3,500 thousand if certain sports goals are reached during the contract, starting from the 2015/2016 football season (performance bonus). (e) Includes the capitalisation of any bonuses linked to sports scores paid to the football clubs for footballers acquired during the previous Transfer Campaigns. * Transactions concluded in the second phase of the 2014/2015 Transfer Campaign. 16 JUVENTUS FOOTBALL CLUB S.P.A.

Amounts in thousands of euro Player Counterparty clubs Price Price present value Net book value Solidarity subsidy Capital gains (losses) Definitive disposals Castiglia Luca * FC Pro Vercelli 1892 1,500 1,450 126 1,324 De Silvestro Elio * Virtus Lanciano 1924 1,200 1,200 452 748 Elezaj Entonjo FC Pro Vercelli 1892 500 500 500 Hromada Jakub * UC Sampdoria 600 600 132 468 Mestre Francesco * Empoli FC 900 900 9 891 Peluso Federico US Sassuolo 4,500 4,284 3,509 775 Quagliarella Fabio Torino FC 3,500 3,333 2,554 779 Rizzo Luigi * Vicenza Calcio 600 600 28 572 Santomauro Luca * Empoli FC 600 600 600 Varga Atila * UC Sampdoria 400 400 123 277 Vucinic Mirko Al Jazira Football Sports 6,316 6,316 3,730 316 2,270 Termination of players contract agreements Bianconi Niko Vicenza Calcio 600 600 117 483 Gabbiadini Manolo * SSC Napoli 6,250 5,915 4,721 1,194 (a) Masi Alberto * Ternana Calcio 1,500 1,500 724 776 Ruggiero Giuseppe * FC Pro Vercelli 1892 250 242 242 Other disinvestments 60 88 1 (29) Total disinvestments (net) 16,313 317 11,870 (a) Following the termination of the playersharing agreement a gain of 518 thousand was released to the income statement which had been temporarily suspended in the 2013/2014 financial year. * Transactions concluded in the second phase of the 2014/2015 Transfer Campaign. The net total financial effect of the 2014/2015 Transfer Campaign, including capitalised auxiliary expenses and financial income and expenses implicit in deferred receipts and payments, amounts to 33,464 thousand, distributed as follows: Expiration Amounts in thousands of euro Total 2014/2015 2015/2016 2016/2017 2017/2018 LNP and others (9,516) (7,281) (2,620) (678) 1,063 Foreign FC (17,630) 626 (12,916) (5,340) Agents (6,318) (5,357) (935) (26) Total (33,464) (12,012) (16,471) (6,044) 1,063 2. LAND AND BUILDINGS These assets refer to: the Vinovo Training Centre (Juventus Training Centre), currently the property of UniCredit Leasing S.p.A. and the object of a finance lease. The related payable to the leasing company is reported under Loans and other financial payables ; the new Juventus Stadium, which opened on 8 September 2011; the Juventus Museum, which opened on 16 May 2012. INTERIM MANAGEMENT STATEMENTS 31 03 15 17

Changes in the item are shown in the table below: Amounts in thousands of euro JTC Land adjacent to the JTC JTC Juventus Stadium and Museum Total Initial book value 5,000 21,454 109,786 136,240 Initial accumulated amortisation (4,117) (6,089) (10,206) Balance at 30/06/2014 5,000 17,337 103,697 126,034 Investments 8,640 8 8,648 Reclassification of the item "Tangible assets in progress" 2,160 2,160 Amortisation (483) (1,647) (2,130) Balance at 31/03/2015 5,000 10,800 16,862 102,050 134,712 Final book value 5,000 10,800 21,462 109,786 147,048 Final accumulated amortisation (4,600) (7,736) (12,336) Balance at 31/03/2015 5,000 10,800 16,862 102,050 134,712 Land Buildings The investment regarding the land adjacent to the training centre in Vinovo (JTC) refers to the figure of 8,640 thousand paid to Campi di Vinovo S.p.A. following the signing on December 19, 2014 of the sales agreement for the land (see note 5). You are reminded that, upon the signing (14 April 2014) of the preliminary sales agreement for the land, the company had paid an advance to Campi di Vinovo S.p.A. of 2,160 thousand (see note 5). 3. CURRENT AND NONCURRENT RECEIVABLES DUE FROM FOOTBALL CLUBS FOR TRANSFER CAMPAIGNS These are the current and noncurrent receivables, due within five financial years, from football clubs for the disposal of players' registration rights and are almost entirely covered by a direct guarantee or through the Lega Nazionale Professionisti Serie A. These total 51,324 thousand and show a decrease of 46,441 thousand compared to the balance of 97,765 thousand at 30 June 2014 due to receivables generated by the 2014/2015 Transfer Campaign and proceeds received during the period. At 31 March 2015, receivables for the disposal of players' registration rights due from Parma Football Club S.p.A., declared bankrupt in March 2015, amounted to 700 thousand and are guaranteed by the "clearing house" run by the Lega Nazionale Professionisti Serie A. 4. TRADE RECEIVABLES This item totals 34,978 thousand and increased by 9,380 thousand ( 25,598 thousand at 30 June 2014). The increase in trade receivables is mainly the result of recognition of the portion of market pool related to the UEFA Champions League competition which will be collected in June 2015. You are reminded that, in order to optimise financial management, expand the level of loans and keep borrowing costs down, the Company sells part of its contracts and future trade receivables to factoring companies. 18 JUVENTUS FOOTBALL CLUB S.P.A.

5. OTHER CURRENT AND NONCURRENT ASSETS Details are as follows: Receivables due from Campi di Vinovo S.p.A. for the sale of the branch of business of "Mondo Juve commercial park" Receivables due from Finanziaria Gilardi S.p.A. for sale of the Campi di Vinovo S.p.A. investment. Receivables due from Santa Clara S.r.l. for the sale of 50% of the share capital of J Medical S.r.l. Receivables due from I.C.S. for interest rate subsidy Adjustment for financial income underlying the receivable due from I.C.S. Prepaid expenses Receivables due from insurance companies Receivables due from Lega Nazionale Professionisti Serie A Tax receivables Miscellaneous Other current and noncurrent assets 1,750 302 (90) 3,359 356 95 949 6,721 31/03/2015 30/06/2014 Amounts in thousands of euro Current Noncurrent Total Current Noncurrent Total share share share share 1,579 1,579 1,750 2,264 2,566 (348) (438) 496 3,855 356 95 105 1,054 4,096 10,817 7,407 3,293 302 (97) 1,014 230 175 95 262 12,681 1,579 7,407 4,872 2,414 2,716 (414) (511) 555 1,569 230 175 95 95 357 4,229 16,910 During the period, receivables were collected due from Finanziaria Gilardi S.p.A. and Campi di Vinovo S.p.A., respectively equal to 3,293 thousand and 7,407 thousand, referring to the transaction for the sale (and the subsequent amending agreements) to Finanziaria Gilardi S.p.A. (originally Costruzioni Generali Gilardi S.p.A.) of the shareholding in Campi di Vinovo S.p.A., as well as business unit related to the Mondo Juve Parco Commerciale project to be built on the land of Campi di Vinovo S.p.A.. To date, therefore, there is still an amount of 1,579 thousand to be received by 31 July 2016, secured by a guarantee from a leading bank. The discounted receivable due from Istituto per il Credito Sportivo refers to an interest rate subsidy granted by the same Institute, in accordance with current laws, related to a loan for the construction of the new stadium. Prepaid expenses mainly refer to expenses for the temporary acquisition of some players for 1,130 thousand (of which 43 thousand noncurrent), players' fees for 505 thousand, insurance premiums for 865 thousand (of which 324 thousand noncurrent), service agreements for 601 thousand (of which 13 thousand noncurrent), charges on guarantees for 93 thousand, and prelease interest on the Training Centre lease for 102 thousand (of which 20 thousand noncurrent). 6. NET FINANCIAL DEBT At 31 March 2015, net financial debt amounted to 207,086 thousand, registering an increase of 1,055 thousand compared to the negative balance of 206,031 thousand at 30 June 2014. That increase in due to payments made in Transfer Campaign ( 23,667 thousand, net), investments in other fixed assets ( 1,745 thousand), advances paid to various suppliers in relation to the Continassa Project ( 1,038 thousand), and cash flow from financing activities ( 6,229 thousand), partially offset by positive cash flow from operations ( +31,624 thousand). INTERIM MANAGEMENT STATEMENTS 31 03 15 19

The breakdown between current and noncurrent net financial debt at the end of the two periods is shown below. 31/03/2015 30/06/2014 Amounts in millions of euro Current Noncurrent Total Current Noncurrent Total Financial assets* Cash and cash equivalents Total financial assets Financial payables to the parent company EXOR S.p.A. due to leasing companies due to the Istituto per il Credito Sportivo due to banks due to factoring companies Other financial liabilities Total financial liabilities Net financial debt 11,674 11,674 (50,000) (2,707) (5,033) (19,772) (95,642) (11) (173,165) (161,491) 4,100 4,100 11,674 4,100 15,774 (50,000) (8,356) (11,063) (41,060) (46,093) (19,772) (95,642) (279) (290) (49,695) (222,860) (45,595) (207,086) 1,587 1,587 (2,638) (4,437) (106,265) (44,218) (11) (157,569) (155,982) 4,100 4,100 1,587 4,100 5,687 (10,345) (12,983) (43,352) (47,789) (106,265) (44,218) (452) (463) (54,149) (211,718) (50,049) (206,031) * his item is included as it refers to cash deposits in a current account pledged as collateral on the Istituto per il Credito Sportivo loan, recognised in financial payables. The net financial debt at 31 March 2015 did not include any payable and/or receivable position with related parties with the exception of the payable due to the parent company EXOR S.p.A. resulting from the use of the 50 million credit line activated on 1 February 2015, and the positive current account balance held at Banca del Piemonte S.p.A. ( 338 thousand). At 31 March 2015, the Company had revocable line of credit granted by banking institutions totalling 374,250 thousand, drawn down by a total of 136,498 thousand of which 21,084 thousand for guarantees issued in favour of third parties, 19,772 thousand for overdraft, and 95,642 thousand for advances on contracts and trade receivables. 7. ADVANCES PAID These total 30,884 thousand, of which 25,356 thousand noncurrent (of which 24,246 thousand beyond five financial years) and mainly refer to the payment made for the acquisition of the longterm lease of the Juventus Stadium area ( 12,441 thousand) and for the acquisition of the longterm lease and relative auxiliary expenses of the Continassa Area ( 13,192 thousand) recognised as operating leases (including auxiliary expenses). 8. SHAREHOLDERS' EQUITY At 31 March 2015, the fully paidup Share Capital of Juventus amounted to 8,182,133.28 and was made up of 1,007,766,660 no par value ordinary shares. Shareholders Equity at 31 March 2015 amounted to 36,514 thousand, down compared to the balance of 42,627 thousand at 30 June 2014 due to the effect of the loss for the period ( 5,790 thousand), net of changes in cash flow hedge reserves ( +173 thousand) and actuarial gains/losses reserves ( 441 thousand), as well as other minor changes ( 55 thousand). 9. PAYABLES DUE TO FOOTBALL CLUBS FOR TRANSFER CAMPAIGNS These are current and noncurrent payables to football clubs for the acquisition of players' registration rights. These total 73,232 thousand and show a decrease of 30,594 thousand compared to the balance of 103,826 thousand at 30 June 2014 as a result of payables arising from the 2014/2015 Transfer Campaign and payments made during the period. 20 JUVENTUS FOOTBALL CLUB S.P.A.

10. OTHER CURRENT AND NONCURRENT LIABILITIES Details are as follows: 31/03/2015 30/06/2014 Amounts in thousands of euro Current Noncurrent Total Current Noncurrent Total share share share share Payables due for remuneration to employees and others Tax payables for withholding tax and other taxes Payables due for auxiliary expenses and Transfer Campaign Adjustment for implicit financial expenses Prepaid income and accrued expenses Payables due to social security agencies Other payables Other current and noncurrent liabilities (a) including remuneration for variable bonuses matured mainly by FIGC registered personnel. 17,060 9,222 6,436 (74) 3,845 755 3,343 40,587 17,060 (a) 9,222 3,500 9,936 (319) (393) 30 3,875 755 49 3,392 3,260 43,847 28,332 11,619 5,429 (14) 4,626 964 4,823 55,779 28,332 11,619 1,708 7,137 (66) (80) 4,626 964 42 4,865 1,684 57,463 Prepaid income mainly relates to revenues from commercial contracts of 2,376 thousand and income from the temporary disposal of players of 733 thousand (of which 30 thousand noncurrent). 11. TRADE AND OTHER PAYABLES TO RELATED PARTIES This item totals 2,473 thousand and increased by 1,490 thousand ( 983 thousand at 30 June 2014). The increase mainly relates to the recognition of the payable (maturing in July 2015) due to the chief executive officers accrued following the closure of the 2011/2012 2014/2015 long term incentive plan. This plan was terminated in advance with respect to the original maturity date set at 30 June 2015, as its objectives were no longer in line with the new mediumterm plan for the 2014/2015 to 2017/2018 financial years approved by the board of directors on 20 June 2014 and the new organizational structure that became operational on 1 July 2014. 12. ADVANCES RECEIVED Advances received total 67,959 thousand, of which 36,005 thousand noncurrent (including 20,463 thousand beyond five financial years). Details are as follows: 31/03/2015 30/06/2014 Amounts in thousands of euro Current Noncurrent Total Current Noncurrent Total share share share share Naming and other revenues of the Juventus Stadium from agreements with Sportfive Italia S.r.l. and Sportfive GmbH & Co. KG 3,500 24,712 28,212 3,500 28,000 31,500 2014/2015 season passes and matches 5,224 5,224 6,974 6,974 2015/2016 season passes 5,266 5,266 Television rights disposed of in centralised form for the fourth quarter of the 2014/2015 financial year 10,369 10,369 Income from the Juventus Library 116 9,611 9,727 116 9,698 9,814 Television rights disposed of in centralised form accruing in the 2015/2016 financial year 2,005 2,005 Income from the "Accendi una Stella" initiative 180 960 1,140 180 1,095 1,275 Income from the "Membership" initiative 423 4 427 476 20 496 Other minor items 4,871 718 5,589 1,378 802 2,180 Advances received 31,954 36,005 67,959 12,624 39,615 52,239 INTERIM MANAGEMENT STATEMENTS 31 03 15 21

NOTES ON THE INCOME STATEMENT FOR THE PERIOD 1 JULY 2014 31 MARCH 2015 The first nine months of the 2014/2015 financial year closed with a loss of 5,790 thousand, posting a negative change of 8,667 thousand compared to the profit of 2,877 thousand registered in the same period a year earlier. This performance substantially derived from a decrease in revenues from players registration rights of 5,962 thousand, increases in the costs for players wages and technical staff of 6,070 thousand and cost for other personnel of 2,409 thousand, expenses from players' registration rights of 2,401 thousand, partially offset by higher other recurring revenues ( 13,823 thousand) and other nonrecurring revenues ( 1,750 thousand) and other net negative changes of 7,398 thousand. The net negative changes mainly included higher amortisation and writedowns of players' registration rights ( 5,152 thousand), income taxes ( 1,359 thousand), other costs ( 1,114 thousand), provisions and release of provisions ( 737 thousand), partially offset by lower costs for services ( 1,437 thousand). 13. REVENUES Revenues for the first nine months of the 2014/2015 financial year totalled 237,073 thousand, up 3.4% compared to 229,212 thousand for the same period last year. The main items and/or changes are illustrated below. TICKET SALES These total 33,012 thousand and show an increase of 1,521 thousand, compared to the figure of 31,491 thousand for the same period of the previous financial year due to higher revenues for friendly matches ( +1,627 thousand) and higher ticket sales revenues for the Italian Cup ( +333 thousand), the Italian Super Cup ( +797 thousand) and the UEFA Champions League ( +161 thousand). These were partially offset by lower revenues from ticket sales for Championship home matches ( 679 thousand), season passes ( 490 thousand), and additional match services ( 229 thousand). The figures reflect the different number of matches played in official championships during the periods in question. Details are as follows: 01/07/201431/03/2015 01/07/201331/03/2014 number of matches Home Away Total Home Away Total Championship UEFA matches Italian Super Cup Italian Cup Total 14 4 2 20 14 4 1 1 20 28 8 1 3 40 15 5 1 21 16 5 1 1 23 31 10 1 2 44 TELEVISION AND RADIO RIGHTS AND MEDIA REVENUES Details are as follows: Amounts in thousands of euro 01/07/2014 31/03/2015 01/07/2013 31/03/2014 Change Revenues from media rights Revenues from UEFA competitions Television and radio rights and media revenues 76,839 56,547 133,386 79,055 44,391 123,446 (2,216) 12,156 9,940 Revenues from media decreased by 2,216 thousand compared to those from the same period last year mainly due to a lower number of home matches played. Revenues from UEFA competitions ( 56,547 thousand) came from participation in the UEFA Champions League 2014/2015, and increased compared to the same period of 2013/2014 due to higher revenues from qualifying for the UEFA Champions League 2014/2015 elimination rounds, compared to revenues from rounds played in the UEFA Europa League season 2013/2014. 22 JUVENTUS FOOTBALL CLUB S.P.A.

REVENUES FROM PLAYERS REGISTRATION RIGHTS Revenues from players registration rights amount to 14,710 thousand, posting a decrease of 5,962 thousand compared to 20,672 thousand registered for the same period of the previous year. Details are as follows: Amounts in thousands of euro 01/07/2014 31/03/2015 01/07/2013 31/03/2014 Change Gains on disposal of players registration rights Revenues from the temporary disposal of players registration rights Gains on termination of sharing agreements Capital gains on playersharing agreements Other revenues Revenues from players registration rights 7,159 1,710 2,694 2,591 556 14,710 19,191 362 869 250 20,672 (12,032) 1,348 1,825 2,591 306 (5,962) Revenues from the temporary disposal of players' registration rights mainly refer to: Isla Isla Mauricio Anibal (Queens Park Rangers Football & Athletic Club) 869 thousand; Sorensen Frederik (Hellas Verona FC S.p.A.) 211 thousand; Rugani Daniele (Empoli FC S.p.A.) 208 thousand; Buchel Marcel (Bologna FC 1909 S.p.A.) 203 thousand. 14. OPERATING COSTS Operating costs in the first nine months of the 2014/2015 financial year amounted to 182,075 thousand, increasing by 6.1% compared to 171,673 thousand for the same period of the previous financial year. The main items and/or changes are illustrated below. PLAYERS WAGES AND TECHNICAL STAFF COSTS Players wages and technical staff costs amounted to 123,595 thousand ( 117,525 thousand in the same period of the previous financial year) and showed an increase of 6,070 thousand mainly due to higher fixed remuneration ( +2,835 thousand), payments for leaving incentives to permanently transferred players ( +2,687 thousand) and fees paid to temporarily transferred players ( +1,224 thousand); these effects were partly offset by lower variable remuneration ( 1,199 thousand). OTHER PERSONNEL The increase of 2,409 thousand compared to 9,486 thousand in the same period of the previous financial year mainly relates to the direct management of the stewarding service by Juventus ( 1,057 thousand) and the general increase in the Company's staff. EXPENSES FROM PLAYERS REGISTRATION RIGHTS Expenses from players registration rights amount to 5,792 thousand, compared to 3,392 thousand for the same period of the previous year. INTERIM MANAGEMENT STATEMENTS 31 03 15 23

Details are as follows: Amounts in thousands of euro 01/07/2014 31/03/2015 01/07/2013 31/03/2014 Change Auxiliary noncapitalised expenses for players registration rights Expenses for the temporary purchase of players registration rights Losses on disposal of registered young playerssharing agreements Losses on disposal of players registration rights Losses on disposals of playerssharing agreements Other expenses Expenses from players registration rights 3,553 2,121 58 60 5,792 2,671 384 4 114 2 217 3,392 882 1,737 54 (114) (2) (157) 2,400 Expenses for the temporary purchase of players' registration rights mainly refer to: Pereyra Roberto (Udinese Calcio S.p.A.) 1,102 thousand; Sousa Orestes Romulo (Hellas Verona FC S.p.A.) 724 thousand. 15. AMORTISATION AND WRITEDOWNS OF PLAYERS REGISTRATION RIGHTS The amortisation and writedowns of players' registration rights for the first nine months of 2014/2015 amount to 42,288 thousand, up by 5,152 thousand compared to the same period last year due to the effect of investments made during the 2014/2015 Transfer Campaign. 16. OTHER NONRECURRING REVENUES AND COSTS These amount to 1,750 thousand (item not present in the same period of the previous financial year) and relate to the capital gain generated by the sale of a 50% stake in J Medical S.r.l. to the Santa Clara Group (see the item "Significant events" for further details). 24 JUVENTUS FOOTBALL CLUB S.P.A.

NOTES ON THE INCOME STATEMENT FOR THE THIRD QUARTER OF 2014/2015 The profit registered in the third quarter of the 2014/2015 financial year amounts to 929 thousand. The positive change of 2,845 thousand compared to the loss of the previous period ( 1,916 thousand) is mainly the result of higher recurring revenues ( 6,861 thousand) and nonrecurring revenues ( 1,750 thousand) and lower net financial expenses ( 279 thousand); these positive changes were partially offset by higher costs for players wages and technical staff ( 2,151 thousand) and for other personnel ( 947 thousand), higher costs for external services ( 1,183 thousand), amortisation and writedowns of players registration rights ( 665 thousand) and other costs ( 508 thousand). 17. REVENUES Revenues for the third quarter of the 2014/2015 financial year amounted to 80,880 thousand, increasing by 9.3% on 74,019 thousand for the third quarter of the previous financial year. The main items and/or changes are illustrated below. TICKET SALES These total 13,593 thousand and show an increase of 1,380 thousand, compared to the figure of 12,213 thousand for the third quarter of the 2013/2014 financial due to higher revenues from ticket sales for Italian Cup home matches ( +417 thousand), season passes ( +547 thousand), ticket sales for UEFA Champions League home matches ( +343 thousand), additional match services ( +241 thousand) and for other services ( +2 thousand). These positive changes were partially offset by lower revenues from ticket sales for championship home matches ( 366 thousand). The following table compares the number of matches played in the various official competitions during the third quarter 2014/2015 and in the same period of the previous year: III Quarter 2014/2015 III Quarter 2013/2014 number of matches Home Away Total Home Away Total Championship UEFA matches Italian Cup Total 7 1 2 10 5 1 1 7 12 2 3 17 7 2 9 7 2 1 10 14 4 1 19 TELEVISION AND RADIO RIGHTS AND MEDIA REVENUES These amount to 41,906 thousand ( 36,757 thousand for the third quarter of the previous year). The positive change is mainly due to the qualification for the direct elimination rounds of the UEFA Champions League 2014/2015 and the related increase in revenues ( +2,186 thousand). REVENUES FROM PLAYERS REGISTRATION RIGHTS Revenues from players registration rights amount to 7,726 thousand ( 7,032 thousand for the third quarter of the 2013/2014 financial year). The breakdown of this item, including the gains realised, is shown in note 1. 18. OPERATING COSTS Operating costs for the third quarter of the 2014/2015 financial year amounted to 62,642 thousand, increasing by 8.9% on 57,534 thousand for the third quarter of the 2013/2014 financial year. The main items and/or changes are illustrated below. PLAYERS WAGES AND TECHNICAL STAFF COSTS Players wages and technical staff costs amount to 42,414 thousand; the increase of 2,151 thousand compared to the same period of the previous financial year ( 40,263 thousand) is mainly due to higher fixed remuneration accrued by players ( +2,046 thousand) and payments for leaving incentives to permanently transferred players ( +1,272 thousand). These increases were partly offset by lower fees paid to temporarily transferred players ( 762 thousand) and lower variable remuneration ( 365 thousand). INTERIM MANAGEMENT STATEMENTS 31 03 15 25

OTHER PERSONNEL The increase of 947 thousand compared to the figure of 3,381 thousand in the third quarter of the previous financial year mainly relates to the direct management of the stewarding service by Juventus ( 537 thousand) and the general increase in the Company's staff. 19. AMORTISATION AND WRITEDOWNS OF PLAYERS REGISTRATION RIGHTS In the quarter in question, amortisation totalled 12,928 thousand, down compared to 12,264 thousand in the third quarter of the 2013/2014 financial year, mainly due to the transactions finalised during the 2014/2015 Transfer Campaign. 20. APPROVAL OF THE INTERIM MANAGEMENT STATEMENTS AT 31 MARCH 2015 AND AUTHORISATION FOR PUBLICATION At the meeting of 11 May 2015, the Board of Directors approved the Interim Management Statements at 31 March 2015, authorising the publication on the same date. Turin, 11 May 2015 On behalf of the Board of Directors The Chairman Andrea Agnelli 26 JUVENTUS FOOTBALL CLUB S.P.A.

DECLARATION PURSUANT TO PARAGRAPH 2 OF ARTICLE 154 BIS OF THE CONSOLIDATED LAW ON FINANCE (TUF) Pursuant to Article 154 bis (2) of the Consolidated Law on Finance, I, Marco Re, the Juventus Football Club S.p.A. Financial Reporting Officer, declare that the accounting information contained in these Interim Management Statements at 31 March 2015 is consistent with the accounting records. Turin, 11 May 2015 Financial Reporting Officer of Juventus Football Club S.p.A Marco Re INTERIM MANAGEMENT STATEMENTS 31 03 15 27

INFORMATION FOR SHAREHOLDERS, INVESTORS AND THE PRESS: RELATIONS WITH INSTITUTIONAL INVESTORS AND FINANCIAL ANALYSTS telephone +39 011 65 63 403 fax +39 011 56 31 177 investor.relations@juventus.com PRESS OFFICE telephone +39 011 65 63 448 fax +39 011 44 07 461 pressoffice@juventus.com JUVENTUS FOOTBALL CLUB S.P.A. C.so Galileo Ferraris, 32 10128 Turin www.juventus.com This document contains a true translation in English of the report in Italian Resoconto intermedio di gestione al 31 marzo 2015. However, for information about Juventus Football Club S.p.A. reference should be made exclusively to the original report in Italian. The Italian version shall prevail upon the English version. GRAPHIC DESIGN AND ART DIRECTION Independent Ideas PHOTOGRAPHY LaPresse PRINTED BY G. Canale & C. S.p.A.