NTZ Natuzzi S P A

Natuzzi S.p.A. (NYSE:NTZ) (�Natuzzi� or �the Company�), today announced that the Company�s financial statements for the year ended on December 31, 2006, were approved by shareholders at the Annual Shareholders' Meeting held on May 3, 2007. As previously announced on April 2, 2007, Natuzzi reported net consolidated sales of EUR 735.5 million for 2006, up by 9.8% over the previous year, and net consolidated profit of EUR 12.3 million, versus net losses of EUR 14.6 million in 2005. The ordinary shareholders� meeting appointed Pasquale Natuzzi, Armando Branchini, Stelio Campanale, Giuseppe Desantis, Ernesto Greco, Maurizia Iachino Leto di Priolo and Giuseppe Russo Corvace as members of the Board of Directors. Such Board shall remain in office until the approval of 2007 financial statements. The same meeting also appointed Francesco Venturelli as Chairman of the Board of Statutory Auditors, Cataldo Sferra and Costante Leone as members of the Board of Statutory Auditors and Giuseppe Pio Macario and Vittorio Boscia as alternates. The ordinary shareholder�s meeting of Natuzzi confirmed KPMG as Company�s External Auditors for the three year period 2007 � 2009. On the same date, following the abovementioned shareholders� meeting, the Board of Directors met and agreed upon the confirmation of Pasquale Natuzzi as Chairman of the Board of Directors, Giuseppe Desantis as Vice Chairman of the Board of Directors and Ernesto Greco as Chief Executive Officer of the Natuzzi Group. ABOUT NATUZZI S.P.A. Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and manufactures a broad collection of leather-upholstered residential furniture. Italy�s largest furniture manufacturer, Natuzzi is the global leader in the leather segment, exporting its innovative, high-quality sofas and armchairs to 123 markets on 5 continents. Since 1990, Natuzzi has sold its furnishings in Italy through the popular Divani & Divani by Natuzzi chain of 123 stores, and 1 Natuzzi Store. Outside Italy, the Company sells to various furniture retailers, as well as through 158 licensed Divani & Divani by Natuzzi and Natuzzi Stores. Natuzzi S.p.A. was listed on the New York Stock Exchange on May 13, 1993. The Company is ISO 9001 ad 14001 certified.