Bonlat Financing Corporation

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Allegations

Parmalat Capital Finance Ltd.: Section 304 Petition

Section 304 Petition for Assistance in Insolvency Proceedings in the Cayman Islands by Gordon MacRae and James Cleaver, as the Foreign Representatives of Parmalat Capital Finance Limited, at the U. S. Bankruptcy Court for the Southern District of New York.

Class action lawsuits filed against Parmalat

Two class action lawsuits have been filed in the United States against the Parmalat group, its officers and professional service providers. They were filed at the U. S. District Court for the Southern District of New York, one on January 5, 2004 and the other one day later and are likely to be consolidated at some stage.