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.

PEERS & MARKETS

The main European stock markets were down in the week from the 16th to the 20th of April 2012 (Milano +0.3%, Londra +2.1%, Francoforte +2.5%, Parigi 0.0%, Madrid -2.9%). After a positive start, following the good placement of 12/18 month yield Bonos (2.09 €bln and 1.09 €bln respectively), trading discounted the renewed fears about Spanish debt, supported by non-performing loans data released by Iberian banks.

The European Auto & Parts sector (+0.2%) was flat in the week.

Pirelli stock ended the week at 8.705€ down by 0.7% with an average daily volume of approximately 4 million shares. The year-to-date performance of the stock is still positive: +33.8%, +13.4pp vs Stoxx Auto.

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PEERS & MARKETS

The main European stock markets were down in the week from the 9th to the 13th of April 2012 (Milan -5.8%, London -0.9%, Frankfurt -3.0%, Paris -3.8%). Trading was affected by the renewed worries around the sovereign debt of Southern European countries and the global economic trend (Chinese GDP in the first quarter of the year and US consumer sentiment data were worse than expected).

Auto & Parts stocks (-3.8% in the week) were affected by weak European car registration data, showing a 9% decline over last year.

Pirelli stock showed a different trend, closing the week flat at 8.77€, with an average daily volume of 4.3 million shares.

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PEERS & MARKETS

The main European stock markets were down in the week from the 26th to the 30th of March, 2012 (Milan -3.1%, London -1.5%, Frankfurt -0.7%, Paris -1.5%, Madrid -3.3%). The decision to increase the European rescue fund to € 800 bln (partially expected) was not enough to balance the renewed worries surrounding the Eurozone sovereign debt.

Pirelli closes the week at €8.92 (+1.1%, with daily average volumes of 4.4 mln), outperforming the Auto & Parts index (-0.8%). In the week, broker Société Générale upped the valuation of the stock, setting the Price Target at €10.2 (from €8.20), while confirming the “Buy” rating. According to the analyst, FY 2011 results provided support to the positioning of Pirelli in the Premium segment and in Latin America.

The first quarter of 2012 marks a positive performance for Pirelli, with the stock up 37.1%, better than the European Auto & Parts index (27.8%) and Milan (+5.9%).

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