Sustainability Channel

PIRELLI CONFIRMED AS GLOBAL SUSTAINABILITY LEADER IN DOW JONES INDEXES

This is the outcome of the 2009 review by the SAM Group of the Dow Jones sustainability indices, in which Pirelli continues to be included both in the DJSI WORLD index and in the European DJSI STOXX index.

Within its segment, the Bicocca Group – the only Italian group that has achieved worldwide leadership – obtained a global rating of 88% (+ 11% with respect to 2008) compared with a segment average of 48%.

Exactly as in previous years, for the Autoparts & Tyres segment, only 4 companies were featured in the DJSI World index: Pirelli & C, Denso Corp, Michelin, and Johnson Control Inc., while only two are included in the DJSI STOXX: Pirelli and Michelin.

SAM (Sustainable Asset Management) is the Swiss ethical rating agency that carries out the process of selection of companies for admission to the Dow Jones Sustainability Index, a global index that brings together the best companies in the field of economic, financial, environmental and social sustainability, the result of collaboration between the Dow Jones New York stock exchange index, STOXX Ltd. and the SAM Group. Pirelli was selected and added to the Dow Jones Sustainability STOXX (DJSI STOXX) index for the first time in 2002 and has been included for years now also in the global Dow Jones Sustainability World Index

FINANCIAL STATEMENTS AS OF 30 JUNE

The Board of Directors of Pirelli & C. SPA approves financial statements as of 30 June 2009:

• second quarter operating results improved over the first quarter;
• operating trend in line with overall targets of 2009-2011 industrial plan;
• target for financial position improves: net debt forecast for year end at approximately 800 mil lion euros;
• new model of risk monitoring and management introduced: broadens functions and number of components of internal control and Corporate Governance committee; compliance function introduced, separate from internal audit function; risk officer instated.

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PIRELLI LEADER IN CORPORATE GOVERNANCE

The corporate governance model of Pirelli & C. has been rated by GMI (Governance Metrics International) the best in Italy, with a 10/10 score given by the company, which specializes in corporate governance research. GMI’s latest ‘Country Ranking’ (September 2008) assigned an average rating of 5.32/10 to Italy.

In addition to placing in the top slot on a national basis, Pirelli also received a rating of 9/10 in the ranking that includes 4,162 companies evaluated on a worldwide basis, finishing among the highest-ranking companies in the ‘Automobile and Components’ category, where the average score was 5/10.

Governance Metrics International (GMI) is a corporate governance research and ratings firm, which ranked as ‘Top Corporate Governance Research Firm’ in the 2009 Thomson Reuters Extel Survey. The results Pirelli obtained are confirmation of the attention the Pirelli Group reserves to its corporate governance, consistently adopting national and international best practices as its own.

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