Cappellini and Tamoil still together and aiming for 10 world titles

Milano, 28 January 2004 - Guido Cappellini and Tamoil renewed their sponsorship agreement with the shared ambition to obtain 10 world titles. The agreement between the Italian pilot, who recently obtained his 8th World Title on the water in Abu Dhabi, and the petroleum group was concluded during the last few days and is now official. Tamoil will appear on the Cappellini powerboat as its Main Sponsor and the Team will bear its name for the 2004 Season which starts in Mumbai, India, on the 7th March.. The team-mate of the 8 times World Champion will be the young Marcello Menegatto.

The partnership between Tamoil and Cappellini, which started in May 2003 has achieved important success, both in terms of its results and image. Amongst the joint aims there is the mutual desire to establish a new world speed record on water. It will be a perfect challenge for both "champions", Cappellini and Tamoil, the first as leader in the Formula One World Championship Powerboating and the second a young and dynamic petroleum group, experiencing strong growth both in the Italian and European market generally.

Guido Cappellini: "I am most proud of the renewal of this agreement. I gain additional satisfaction, from the fact that this renewal was arrived at after one year of the parties working together; a 'test', which clearly convinced our partner of our professionalism and the potential of our sporting discipline. Our common goal is to obtain 10 World Titles."

Francesca C. Arata, manager of the corporate image of Tamoil: "We are very happy to renew this collaboration with Mr. Cappellini, especially in view of the excellent results obtained during the last year. Tamoil believes in sport and its values: success in sport is a result of team work, loyalty, competitive spirit, capacity to confront challenges and respect for others and it is these characteristics which should symbolise the Tamoil F1 Team of 2004."

For further information:

TAMOIL F1 TEAM Press Office
Tel. +39 335 5745139 +39 335 6183864
Fax +39 335 5116901 +39 031 764328
e-mail:dacpress@tin.it