Italy Republic Of 18-K/A Annual report (foreign governments) (amended)

Exhibit (20)

Itemized list of estimated expenses incurred or borne by or for the account of the

Republic of Italy in connection with the sale of the 0.875% Notes due May 6, 2024 and 3.875% Notes due May 6, 2051

The following are the estimated expenses of the issuance and distribution of the securities being registered, all of which will be paid by, or on behalf of, the Registrar.

Registration fee		0
Fiscal and Paying Agent fees and expenses		23,526.00	(1)
Listing fees		21,643.92	(2)
Printing Expenses		4,452.30	(3)
Total	US$	49,622.22

(1) Invoiced amount was €20,000.00. Converted at $1.1763/€1, the Bank of Italy’s exchange rate prevailing on September 16, 2021.

(2)	Invoiced amount was €18,400.00. Converted at $1.1763/€1, the Bank of Italy’s exchange rate prevailing on September 16, 2021.
(3)	Invoiced amount was €3,785.00. Converted at $1.1763/€1, the Bank of Italy’s exchange rate prevailing on September 16, 2021.

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