Now I'm Happy.

Today, in Maranello, the Ferrari S.p.a. Board of Administration met to deliberate about the legal actions taken in the last weeks by the Gestione Sportiva.

The Board has ratified what happened until now, which is the action taken against Nigel Stepney over the fact of the powder found around the refuelling aperture on the F1 cars during the Monaco Grand Prix tests. The submission of another legal action against Stepney concerning the theft of technical informations, the civil action presented to The High Court of London against Mike Coughlan, chief designer of Vodafone McLaren Mercedes, and his wife, concerning the theft of the aforementioned documents.

The Board took note of the FIA World Council's decision of 26th of July and of today's decision from the FIA President, Max Mosley, to refere this matter to a hearing of the FIA Court of Appeal, where Ferrari, as the injured party of the incident, will be accorded all the rights to which they are entitled in a trial, which was not the case at the World Council meeting.

The Board gives its full authority to the Board of Administration's President, to the CEO, and to the Managing Director to initiate and continue any necessary legal action, in the name of the Company, in addiction to those legal actions already underway in every legal, civil, criminal, administrative, sporting jurisdiction be it, in Italy or abroad.