Exhibit 4
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 3.75% Notes due December 14, 2007
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 | 5,000 | |||
Listing fees | 6,763 | |||
Printing Expenses | 19,958 | |||
Total | US$31,721 | |||