2. Olivetti Management S.A.
V13 Cantonale, 19
6900 Lugano - Svizzera
Tel. 0041-91-234432
Telex 841138- OUT- CH
Mr. Andres Binder
Olivetti Portuguesa S.A.
Prac;a Marques de Pombal, 14-4
PORTUGAL-1298 Lisbon Codex
olivetti ns. rif. vs. rit data 31.10.1990
Dear Mr. Binder,
As of today, 7 years of collaboration are coming to an end, after undertaking with
success several positions of increased responsibility within the Group. Your
career path, through different subsidiaries, countries and environments that were
often passing difficult phases, made proof of your initiative, flexibility and
dynamism.
During the years you have been with us, you have demonstrated a remarkable
spirit of cooperation and readiness to work hard. As head of the Administrative
and Financial Division of our Portuguese subsidiary you have been a superior
performer and we wish to sincerely thank you for it; we have got to know you
with strong leadership abilities and know how, regarding your specific tasks as
well as others oriented towards the Group interests.
On your side, we trust that you have had personal and professional satisfactions.
We will not forget the pleasant collaboration and relationship we had with you,
and wish you every success in the years to come.
You~incerely,
p. Olivetti anagcmL
(M.Ca~)