EXHIBIT 12


                         SECTION 302 CERTIFICATION

I, Jose Manent, certify that:

1.   I have  reviewed  this annual  report on Form 20-F of  Instrumentation
     Laboratory S.p.A.;

2.   Based on my  knowledge,  this  report  does  not  contain  any  untrue
     statement  of a  material  fact  or  omit to  state  a  material  fact
     necessary to make the statements  made, in light of the  circumstances
     under which such  statements were made, not misleading with respect to
     the period covered by this report;

3.   Based on my knowledge,  the financial statements,  and other financial
     information  included in this report,  fairly  present in all material
     respects the financial condition, results of operations and cash flows
     of the company as of, and for, the periods presented in this report;

4.   The  company's  other  certifying  officer and I are  responsible  for
     establishing  and maintaining  disclosure  controls and procedures (as
     defined in Exchange Act Rules  13a-15(e) and  15d-15(e))  and internal
     control  over  financial  reporting  (as defined in Exchange Act Rules
     13a-15(f) and 15d-15(f)) for the company and have:

       (a)  Designed such  disclosure  controls and  procedures,  or caused
            such  disclosure  controls and  procedures to be designed under
            our supervision,  to ensure that material  information relating
            to the company, including its consolidated subsidiaries is made
            known to us by others with those entities,  particularly during
            the period in which this report is being prepared;

       (b)  Designed such internal  control over  financial  reporting,  or
            caused such  internal  control over  financial  reporting to be
            designed under our supervision, to provide reasonable assurance
            regarding  the  reliability  of  financial  reporting  and  the
            preparation  of financial  statements  for external  purpose in
            accordance with generally accepted accounting principles;

       (c)  Evaluated  the   effectiveness  of  the  company's   disclosure
            controls  and  procedures  and  presented  in this  report  our
            conclusions about the effectiveness of the disclosure  controls
            and  procedures,  as of the end of the  period  covered by this
            report based on such evaluation; and

       (d)  Disclosed in this report any change in the  company's  internal
            control  over  financial  reporting  that  occurred  during the
            period  covered  by  the  annual  report  that  has  materially
            affected,  or is reasonably  likely to materially  affect,  the
            company's internal control over financial reporting; and

5.   The company's other certifying officer(s) and I have disclosed,  based
     on our most recent  evaluation  of  internal  control  over  financial
     reporting,  to the company's  auditors and the audit  committee of the
     company's  board of directors (or persons  performing  the  equivalent
     functions):

       (a)  All  significant  deficiencies  and material  weaknesses in the
            design  or  operation  of  internal   control  over   financial
            reporting which are reasonably  likely to adversely  affect the
            company's  ability to  record,  process,  summarize  and report
            financial information; and

       (b)  Any fraud, whether or not material, that involves management or
            other  employees who have a  significant  role in the company's
            internal control over financial reporting.


Dated: May 27, 2005



/s/ Jose Manent
------------------------------
Jose Manent
Chief Executive Officer

<PAGE>

                         SECTION 302 CERTIFICATION

I, Jose Luis Martin, certify that:

1.   I have  reviewed  this annual  report on Form 20-F of  Instrumentation
     Laboratory S.p.A.;

2.   Based on my  knowledge,  this  report  does  not  contain  any  untrue
     statement  of a  material  fact  or  omit to  state  a  material  fact
     necessary to make the statements  made, in light of the  circumstances
     under which such  statements were made, not misleading with respect to
     the period covered by this report;

3.   Based on my knowledge,  the financial statements,  and other financial
     information  included in this report,  fairly  present in all material
     respects the financial condition, results of operations and cash flows
     of the company as of, and for, the periods presented in this report;

4.   The  company's  other  certifying  officer and I are  responsible  for
     establishing  and maintaining  disclosure  controls and procedures (as
     defined in Exchange Act Rules  13a-15(e) and  15d-15(e))  and internal
     control  over  financial  reporting  (as defined in Exchange Act Rules
     13a-15(f) and 15d-15(f)) for the company and have:

       a.   Designed such  disclosure  controls and  procedures,  or caused
            such  disclosure  controls and  procedures to be designed under
            our supervision,  to ensure that material  information relating
            to the company, including its consolidated subsidiaries is made
            known to us by others with those entities,  particularly during
            the period in which this report is being prepared;

       b.   Designed such internal  control over  financial  reporting,  or
            caused such  internal  control over  financial  reporting to be
            designed under our supervision, to provide reasonable assurance
            regarding  the  reliability  of  financial  reporting  and  the
            preparation  of financial  statements  for external  purpose in
            accordance with generally accepted accounting principles;

       c.   Evaluated  the   effectiveness  of  the  company's   disclosure
            controls  and  procedures  and  presented  in this  report  our
            conclusions about the effectiveness of the disclosure  controls
            and  procedures,  as of the end of the  period  covered by this
            report based on such evaluation; and

       d.   Disclosed in this report any change in the  company's  internal
            control  over  financial  reporting  that  occurred  during the
            period  covered  by  the  annual  report  that  has  materially
            affected,  or is reasonably  likely to materially  affect,  the
            company's internal control over financial reporting; and

5.   The company's other certifying officer(s) and I have disclosed,  based
     on our most recent  evaluation  of  internal  control  over  financial
     reporting,  to the company's  auditors and the audit  committee of the
     company's  board of directors (or persons  performing  the  equivalent
     functions):

       a.   All  significant  deficiencies  and material  weaknesses in the
            design  or  operation  of  internal   control  over   financial
            reporting which are reasonably  likely to adversely  affect the
            company's  ability to  record,  process,  summarize  and report
            financial information; and

       b.   Any fraud, whether or not material, that involves management or
            other  employees who have a  significant  role in the company's
            internal control over financial reporting.

Dated: May 27, 2005


/s/ Jose Luis Martin
------------------------------
Jose Luis Martin
Chief Financial Officer