No, by definition shares (including Juventus shares) do not grant a fixed return. An equity investment is a risky financial operation; past performances of the Company are in no way indicative of future results and therefore shall not be taken as a reference while making investment decisions. Please bear in mind that the purchase of Juventus Shares, like any risk capital investments, expose shareholders to the risk that shares value may significantly decrease and may even zero out, with the consequence of a partial or total loss, according to the circumstances, of the capital invested by shareholders in the Company.