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 5.375% Notes due June 12, 2017
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 | 19,500 | |||
Listing fees | 11,145 | |||
Printing Expenses | 29,880 | |||
Total | US$ | 60,525 | ||