Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.

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11-15 April was a difficult week for the principal European markets (Milan -2.5%, London -1%, Frankfurt -0.5%, Paris, -2.2%). Prices reflected uncertainties due to the renewed fears about the debt of peripheral EU countries and data on inflation in China and Europe, which was higher than expected (5.4% and 2.7%).

At sector level, generalised sales across all industries, particularly banks (European reference index -3.2% ) which might resort to further recapitalisation initiatives, in view of the application of Basel 3 in 2013.

Pirelli closed the week with an unchanged price (€6.48, 0.0%) over performing the Milan stock exchange, its peers and the industry (Stoxx Auto&Parts –2.7%). Since announcing its 2010 results (8 March 2011), Pirelli shares have risen 9.8% (+11.3pp vs FTSE Mib, +10.1pp vs Stoxx Auto&Parts). The average number of daily trades was around 4 million.

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