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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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PEERS & MARKETS

Main European stock indexes were down in the week from 8 to 12 October 2012 (Milan -2.3%, London -1.3%, Frankfurt -2.2%, -2% Paris, Madrid -3.8%). Despite the improvement in U.S. unemployment data (jobless claims -30,000), markets were affected by renewed economic growth fears following the cut on China growth estimates by the World Bank (+7.7% vs. +8.2 for 2012 % the previous year) and the downward revision of global estimates by the International Monetary Fund (+3.3% in 2012 vs. +3.5% expected in July).

Similar trend for European Auto&Parts sector (-2.4% Stoxx Auto) as the auto production could further slow down in the second half of 2012.

Pirelli ended the week at € 8,695 (-2.5%) in line with the reference sector. Average daily trading volume was Just over two million. Due to a +33.7% performance year-to-date, Pirelli stock is still one of the top 10 Blue Chip on FTSE Mib.


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PEERS & MARKETS

Major European stock Exchanges were up in the week from 1 to 5 October 2012 (Milan +5.2%, London +2.2%, Frankfurt +2.5%, +3% Paris, Madrid +3.2%) with indexes positively affected by unexpected decline in the unemployment rate in the U.S. (7.8%-0.3pp in September, compared with estimates 8 .2%).

Best performance by sector for Auto & Parts (+5.1% Stoxx Auto) following the positive data of September U.S. auto sales (+14% yoy overall, 17% of the European brands) and the good premium car registrations trend in China (BMW + 55% YoY, Audi +20% YoY). Major European OEMs ended in line with the index: BMW +7.2%, +7.8% Fiat, VW +3.7%, +4.3% Daimler.

Similar trend for Pirelli share which ended the week at € 8.92 with an increase of 6.4% and an average daily trading volume of about 3.7 million units. The year-to-date performance stands now at +37.1%.


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PEERS & MARKETS

The week from 24 to 28 September 2012 was a difficult one for the major international Exchanges (Milan -5.6%, London -1.9%, Frankfurt -3.2%, -5.0% Paris, Madrid -6.3%) due to fears of a further economic slowdown. Both Standard & Poor’s and Fitch lowered its 2012 GDP estimates in Asia – the main engine of economic growth – while in Europe the focus has been on the strength of the Spanish banking system with stress tests that showed a need for capital of 59.3 billion euro.

Auto&Parts Sector was also under pressure (-6.3%) after major car makers announcements of production cuts.

Pirelli closed at € 8.38 (-6.3%) in line with the sector and peers. Average daily trading volume was about 3 million pieces. Despite the current weakness in the sector, Pirelli stock remains among the top 10 performers in the FTSE Mib with an year-to-date increase of 28.8% (+28.8 pp vs FTSE Mib +10.7 pp vs Stoxx Auto).

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